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Information Technology · Software · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
237.32
-0.83%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$23.77bn
FY2016FY2025
Net income
$7.13bn
FY2016FY2025
Free cash flow
$9.85bn
FY2016FY2025
Shareholders' equity
$11.62bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.77bn | $21.50bn | $19.41bn | $17.61bn | $15.79bn | $12.87bn | $11.17bn | $9.03bn | $7.30bn | $5.85bn |
| Gross profit | $21.22bn | $19.15bn | $17.05bn | $15.44bn | $13.92bn | $11.15bn | $9.50bn | $7.84bn | $6.29bn | $5.03bn |
| Research and development | $4.29bn | $3.94bn | $3.47bn | $2.99bn | $2.54bn | $2.19bn | $1.93bn | $1.54bn | $1.22bn | $976.0m |
| Operating income | $8.71bn | $6.74bn | $6.65bn | $6.10bn | $5.80bn | $4.24bn | $3.27bn | $2.84bn | $2.17bn | $1.49bn |
| Net income | $7.13bn | $5.56bn | $5.43bn | $4.76bn | $4.82bn | $5.26bn | $2.95bn | $2.59bn | $1.69bn | $1.17bn |
| Diluted earnings per share | 17.10 | 12.55 | 11.83 | 10.21 | 10.05 | 10.87 | 6.04 | 5.23 | 3.39 | 2.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $29.50bn | $30.23bn | $29.78bn | $27.16bn | $27.24bn | $24.28bn | $20.76bn | $18.77bn | $14.54bn | $12.71bn |
| Cash and short-term investments | $6.59bn | $7.89bn | $7.84bn | $6.10bn | $5.80bn | $5.99bn | $4.18bn | $3.23bn | $5.82bn | $4.76bn |
| Total liabilities | $17.87bn | $16.13bn | $13.26bn | $13.11bn | $12.44bn | $11.02bn | $10.23bn | $9.41bn | $6.08bn | $5.28bn |
| Debt | $6.65bn | $6.06bn | $4.08bn | $4.63bn | $4.67bn | $4.71bn | $4.14bn | $4.22bn | $1.95bn | $1.98bn |
| Shareholders' equity | $11.62bn | $14.11bn | $16.52bn | $14.05bn | $14.80bn | $13.26bn | $10.53bn | $9.36bn | $8.46bn | $7.42bn |
| Shares outstanding | 417m | 443m | 459m | 466m | 480m | 484m | 489m | 495m | 500m | 501m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $10.03bn | $8.06bn | $7.30bn | $7.84bn | $7.23bn | $5.73bn | $4.42bn | $4.03bn | $2.91bn | $2.20bn |
| Capital spending | −$179.0m | −$183.0m | −$360.0m | −$442.0m | −$330.0m | −$419.0m | −$334.0m | −$266.6m | −$178.1m | −$203.8m |
| Free cash flow | $9.85bn | $7.87bn | $6.94bn | $7.40bn | $6.90bn | $5.31bn | $4.09bn | $3.76bn | $2.73bn | $2.00bn |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.76bn | $6.62bn | $6.40bn | $6.19bn | $5.99bn | $5.87bn | $5.71bn | $5.61bn |
| Gross profit | $5.96bn | $5.90bn | $5.73bn | $5.54bn | $5.35bn | $5.24bn | $5.09bn | $4.99bn |
| Operating income | $2.35bn | $2.24bn | $2.42bn | $2.26bn | $2.17bn | $2.11bn | $2.16bn | $1.96bn |
| Net income | $1.83bn | $1.71bn | $1.89bn | $1.86bn | $1.77bn | $1.69bn | $1.81bn | $1.68bn |
| Diluted earnings per share | 4.63 | 4.33 | 4.78 | 4.45 | 4.18 | 3.94 | 4.34 | 3.79 |
| Cash from operations | $2.52bn | $2.17bn | $2.96bn | $3.16bn | $2.20bn | $2.19bn | $2.48bn | $2.92bn |
| Capital spending | −$85.0m | −$58.0m | −$37.0m | −$34.0m | −$72.0m | −$47.0m | −$26.0m | −$48.0m |
| Free cash flow | $2.44bn | $2.11bn | $2.92bn | $3.13bn | $2.13bn | $2.14bn | $2.46bn | $2.87bn |
| Total assets | $29.98bn | $29.93bn | $29.70bn | $29.50bn | $28.75bn | $28.11bn | $29.95bn | $30.23bn |
| Cash and short-term investments | $5.64bn | $5.63bn | $6.89bn | $6.59bn | $5.94bn | $5.71bn | $7.43bn | $7.89bn |
| Debt | $6.45bn | $6.74bn | $6.31bn | $6.21bn | $6.20bn | $6.17bn | $6.23bn | $4.13bn |
| Shareholders' equity | $11.76bn | $11.52bn | $11.43bn | $11.62bn | $11.77bn | $11.45bn | $13.10bn | $14.11bn |
Financial ratios
Data as of 8 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 88.6% | 89.0% | 87.9% | 87.7% | 88.2% | 86.6% |
| Operating margin | 36.6% | 31.3% | 34.8% | 34.6% | 36.8% | 32.9% |
| Net margin | 30.0% | 25.9% | 28.0% | 27.0% | 30.5% | 40.9% |
| Return on equity | 61.3% | 39.4% | 32.9% | 33.8% | 32.6% | 39.7% |
| Return on assets | 24.2% | 18.4% | 18.2% | 17.5% | 17.7% | 21.7% |
| Free cash flow yield | 9.2% | 7.0% | 6.3% | 6.7% | 5.9% | 4.8% |
| Revenue growth | 10.5% | 10.8% | 10.2% | 11.5% | 22.7% | 15.2% |
| Earnings growth | 28.2% | 2.4% | 14.1% | -1.4% | -8.3% | 78.2% |
| Current ratio | 1.00x | 1.07x | 1.34x | 1.11x | 1.25x | 1.48x |
| Debt to equity | 0.54x | 0.40x | 0.22x | 0.30x | 0.29x | 0.32x |
| Equity ratio | 39.4% | 46.7% | 55.5% | 51.7% | 54.3% | 54.6% |
| Interest coverage | 33.10x | 41.10x | 59.85x | 54.45x | 51.35x | 36.53x |
| R&D as a share of sales | 18.1% | 18.3% | 17.9% | 17.0% | 16.1% | 17.0% |
| Buybacks as a share of market value | 5.9% | 3.5% | 1.5% | 2.9% | 0.8% | 1.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.5% | 13.1% | 17.4% |
| Operating income | 12.6% | 15.5% | 25.4% |
| Net income | 14.5% | 6.3% | 27.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 89.2% | 88.5% | 88.3% | 87.6% |
| Operating margin | 34.1% | 34.3% | 34.5% | 32.8% |
| Net margin | 28.0% | 27.8% | 29.7% | 28.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.5 | 35.4 | 50.5 | 33.0 | 56.5 | 46.0 | 54.6 | 43.2 | 51.7 | 44.1 |
| Price to sales | 6.1 | 9.2 | 14.1 | 8.9 | 17.2 | 18.8 | 14.4 | 12.4 | 12.0 | 8.8 |
Market value over time
31 Oct 2016 to 4 Sept 2026, in USD
$54.15bn$107.14bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -19% | -27% | 84% | -40% | 10% | 52% | 50% | 25% | 65% | 15% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Mar 2005.
| FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | FY2000 | FY1999 | FY1998 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.025 | 0.025 | 0.025 | 0.025 | 0.025 | 0.031 | 0.025 |
- 2-for-1 split · 24 May 2005
- 2-for-1 split · 25 Oct 2000
- 2-for-1 split · 27 Oct 1999
- 2-for-1 split · 11 Aug 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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