Three-Statement Breakdown
REVENUE UP
Revenue rose 7.1% year over year to $2.5B, and carried a 19.8% net margin.
REVENUE
+7.1%
2,544
GROSS PROFIT
+9.5%
1,111
NET INCOME
+10.3%
503
EPS (DILUTED)
+11.9%
$6.98
| Income statement | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
1,553 | 1,697 | 1,758 | 1,943 | 2,078 | 2,216 | 2,375 | 2,544 | +7.1% |
| Cost of revenue |
|
(923) | (1,008) | (1,063) | (1,129) | (1,219) | (1,299) | (1,361) | (1,434) | +5.4% |
| Gross profit |
|
630 | 689 | 695 | 814 | 859 | 916 | 1,015 | 1,111 | +9.5% |
| Research & development |
|
(96) | (110) | (109) | (121) | (143) | (148) | (163) | (176) | +8.4% |
| SG&A |
|
(186) | (198) | (187) | (218) | (235) | (278) | (283) | (299) | +5.7% |
| Operating income |
|
347 | 381 | 399 | 475 | 481 | 489 | 569 | 635 | +11.7% |
| Interest expense |
|
(1) | (1) | (1) | (2) | (15) | (16) | (10) | (5) | -48.4% |
| Income tax |
|
(75) | (84) | (86) | (109) | (108) | (116) | (130) | (150) | +15.1% |
| Net income |
|
272 | 297 | 311 | 363 | 367 | 382 | 456 | 503 | +10.3% |
| EPS (diluted) |
|
$3.52 | $3.86 | $4.12 | $4.94 | $5.02 | $5.23 | $6.24 | $6.98 | +11.9% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM1,015
REVENUE+169
COST OF REVENUE-73
TO1,111
No bridge for this line yet — select Gross profit to see its YoY walk.
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM
SRC 10-K FILED 2026-08-28 ↗