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S&P 500
110.96
+2.46%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$88.66bn
FY2016FY2025
Net income
$5.57bn
FY2016FY2025
Free cash flow
$4.76bn
FY2016FY2025
Shareholders' equity
$16.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.66bn | $90.89bn | $90.75bn | $100.03bn | $97.20bn | $84.43bn | $73.92bn | $71.91bn | $65.87bn | $60.91bn |
| Gross profit | $16.03bn | $17.06bn | $17.71bn | $20.08bn | $17.43bn | $21.78bn | $16.09bn | $14.17bn | $7.53bn | $5.47bn |
| Operating income | $7.87bn | $8.69bn | $9.37bn | $15.52bn | $17.28bn | $7.84bn | $7.88bn | $7.07bn | $7.53bn | $5.47bn |
| Net income | $5.57bn | $5.78bn | $6.71bn | $11.55bn | $12.89bn | $1.34bn | $4.44bn | $4.79bn | $4.91bn | $3.43bn |
| Diluted earnings per share | 6.53 | 6.74 | 7.82 | 13.26 | 14.66 | 1.54 | 5.14 | 5.51 | 5.63 | 3.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $73.09bn | $70.07bn | $70.86bn | $71.12bn | $69.41bn | $62.41bn | $57.86bn | $49.59bn | $45.40bn | $40.40bn |
| Cash and short-term investments | $5.89bn | $6.32bn | $6.04bn | $7.59bn | $10.59bn | $6.32bn | $5.74bn | $5.04bn | $4.07bn | $4.57bn |
| Total liabilities | $56.84bn | $53.33bn | $53.54bn | $51.32bn | $55.14bn | $61.74bn | $54.57bn | $46.55bn | $44.37bn | $39.97bn |
| Debt | $24.13bn | $21.28bn | $22.26bn | $19.66bn | $21.91bn | $24.65bn | $25.24bn | $22.74bn | $24.29bn | $16.07bn |
| Shareholders' equity | $16.23bn | $16.72bn | $17.31bn | $19.79bn | $14.25bn | $657.0m | $3.28bn | $3.04bn | $1.03bn | $429.0m |
| Shares outstanding | 853m | 858m | 858m | 871m | 879m | 871m | 863m | 869m | 872m | 876m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $8.45bn | $10.12bn | $10.24bn | $14.10bn | $15.01bn | $10.46bn | $8.64bn | $12.71bn | $1.48bn | $6.47bn |
| Capital spending | −$3.69bn | −$3.91bn | −$5.16bn | −$4.77bn | −$4.19bn | −$5.41bn | −$6.38bn | −$6.28bn | −$5.23bn | −$2.96bn |
| Free cash flow | $4.76bn | $6.21bn | $5.08bn | $9.34bn | $10.81bn | $5.05bn | $2.26bn | $6.43bn | −$3.75bn | $3.51bn |
| Dividends paid | −$5.40bn | −$5.40bn | −$5.37bn | −$5.11bn | −$3.44bn | −$3.37bn | −$3.19bn | −$3.01bn | −$2.77bn | −$2.64bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.83bn | $21.20bn | $24.48bn | $21.41bn | $21.22bn | $21.55bn | $25.24bn | $22.21bn |
| Gross profit | $3.03bn | $3.36bn | $5.08bn | $3.49bn | $3.78bn | $3.68bn | $5.25bn | $3.79bn |
| Operating income | $930.0m | $1.27bn | $2.58bn | $1.80bn | $1.82bn | $1.67bn | $2.99bn | $2.11bn |
| Net income | $604.0m | $864.0m | $1.79bn | $1.31bn | $1.28bn | $1.19bn | $1.72bn | $1.54bn |
| Diluted earnings per share | 0.71 | 1.02 | 2.10 | 1.54 | 1.50 | 1.39 | 2.01 | 1.79 |
| Cash from operations | $887.0m | $2.22bn | $3.30bn | $2.48bn | $348.0m | $2.32bn | $3.31bn | $1.50bn |
| Capital spending | −$693.0m | −$1.03bn | −$716.0m | −$970.0m | −$1.12bn | −$876.0m | −$1.10bn | −$843.0m |
| Free cash flow | $194.0m | $1.19bn | $2.59bn | $1.51bn | −$775.0m | $1.44bn | $2.22bn | $655.0m |
| Total assets | $71.27bn | $71.81bn | $73.09bn | $71.39bn | $70.92bn | $68.47bn | $70.07bn | $68.26bn |
| Cash and short-term investments | $4.65bn | $5.80bn | $5.89bn | $6.83bn | $6.29bn | $5.07bn | $6.32bn | $6.06bn |
| Debt | $25.21bn | $25.13bn | $24.89bn | $25.52bn | $25.46bn | $22.09bn | $22.02bn | $22.63bn |
| Shareholders' equity | $15.07bn | $15.76bn | $16.23bn | $15.82bn | $15.75bn | $15.66bn | $16.72bn | $16.86bn |
Financial ratios
Data as of 9 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.1% | 18.8% | 19.5% | 20.1% | 17.9% | 25.8% |
| Operating margin | 8.9% | 9.6% | 10.3% | 15.5% | 17.8% | 9.3% |
| Net margin | 6.3% | 6.4% | 7.4% | 11.5% | 13.3% | 1.6% |
| Return on equity | 34.3% | 34.6% | 38.8% | 58.4% | 90.4% | 204.4% |
| Return on assets | 7.6% | 8.3% | 9.5% | 16.2% | 18.6% | 2.2% |
| Free cash flow yield | 14.2% | 16.3% | 17.9% | 21.6% | 21.7% | 18.1% |
| Revenue growth | -2.5% | 0.2% | -9.3% | 2.9% | 15.1% | 14.2% |
| Earnings growth | -3.6% | -13.8% | -41.9% | -10.4% | 859.8% | -69.8% |
| Current ratio | 1.22x | 1.17x | 1.10x | 1.22x | 1.42x | 1.19x |
| Debt to equity | 1.53x | 1.32x | 1.33x | 1.03x | 1.58x | 38.38x |
| Equity ratio | 22.2% | 23.9% | 24.4% | 27.8% | 20.5% | 1.1% |
| Interest coverage | 7.78x | 10.09x | 12.09x | 22.36x | 25.30x | 11.46x |
| Buybacks as a share of market value | 0.6% | 0.0% | 1.5% | 0.9% | -0.9% | -0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.9% | 1.0% | 4.3% |
| Operating income | -20.3% | 0.1% | 0.3% |
| Net income | -21.6% | 32.9% | 1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.4% | 19.1% | 19.9% | 20.5% |
| Operating margin | 9.2% | 11.2% | 12.1% | 11.6% |
| Net margin | 6.3% | 8.0% | 7.9% | 7.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.2 | 18.7 | 20.1 | 13.1 | 14.6 | 109.2 | 22.8 | 17.7 | 21.2 | 29.3 |
| Price to sales | 1.0 | 1.2 | 1.5 | 1.5 | 1.9 | 1.7 | 1.4 | 1.2 | 1.6 | 1.6 |
Market value over time
31 Oct 2016 to 8 Sept 2026, in USD
$95.37bn$85.51bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -18% | -23% | -9% | -12% | 17% | 47% | 25% | -21% | 1% | 24% |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 17 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.92 | 6.56 | 6.52 | 6.48 | 6.08 | 4.08 | 4.04 | 3.84 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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