| Market Cap | $455.55B | |
| Enterprise Value | $470.21B | |
| Revenue | $60.75B | +5.3% |
| Gross Profit | $39.08B | +5.6% |
| EBITDA | $14.89B | −3.3% |
| Net Income | $11.96B | −1.4% |
| Diluted EPS | $2.55 | +0.4% |
| Free Cash Flow | $11.79B | +30.1% |
| DPS (FY2025) | $1.62 |
| Trailing yield | 1.40% |
| Payout ratio | 63.2% |
| Growth streak | 11 yrs |
| 5y DPS growth | 2.7% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-07-26 | $1.62 | +2.5% | reported |
| FY20242024-07-27 | $1.58 | +2.6% | reported |
| FY20232023-07-29 | $1.54 | +2.7% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 58.91% | 60.38% | 62.87% | 62.96% | 62.04% | 62.94% | 64.40% | 64.13% | 62.63% | 62.73% | 64.73% | 64.94% | 96% | 69% | |
| Operating Margin | 19.82% | 21.91% | 25.71% | 24.94% | 24.95% | 27.39% | 27.52% | 25.68% | 27.04% | 26.37% | 22.64% | 20.76% | 13% | 88% | |
| EBITDA Margin | 22.37% | 24.15% | 27.74% | 27.23% | 27.18% | 29.32% | 29.34% | 27.28% | 28.59% | 27.60% | 23.94% | 21.99% | 4% | 81% | |
| NOPAT Margin | 16.02% | 17.57% | 21.37% | 19.51% | 0.21% | 21.85% | 22.09% | 20.51% | 22.06% | 21.71% | 19.10% | 19.04% | 29% | 88% | |
| Net Margin | 16.66% | 18.27% | 21.81% | 20.02% | 0.22% | 22.39% | 22.66% | 21.20% | 22.86% | 22.13% | 19.18% | 17.97% | 21% | 85% | |
| FCF Margin | — | — | 25.23% | 26.90% | 26.01% | 28.75% | 29.61% | 29.54% | 24.68% | 33.40% | 18.98% | 23.45% | 15% | 82% | |
| FCFF Margin | — | — | — | — | — | — | — | — | 25.25% | 34.02% | 20.55% | 26.03% | 63% | 76% | |
| FCFE Margin | — | — | 31.55% | 37.99% | 9.80% | 26.66% | 16.04% | 23.54% | 19.84% | 32.52% | 78.11% | 57.51% | 85% | 96% | |
| OCF Margin | — | — | 27.55% | 28.91% | 27.70% | 30.50% | 31.17% | 30.93% | 25.60% | 34.89% | 20.22% | 25.05% | 15% | 80% | |
| Gross Profitability | 26.43% | 26.18% | 25.45% | 23.28% | 28.13% | 33.40% | 33.40% | 32.71% | 34.31% | 35.10% | 27.99% | 30.08% | 54% | 57% | |
| Capex Intensity | 2.70% | 2.50% | 2.33% | 2.01% | 1.69% | 1.75% | 1.56% | 1.38% | 0.92% | 1.49% | 1.25% | 1.60% | 46% | 46% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 21.5% vs reported ROE 22.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.14B | $49.16B | $49.25B | $48.01B | $49.33B | $51.90B | $49.49B | $49.97B | $51.66B | $57.00B | $53.80B | $56.65B |
| YoY % | +4.3% | +0.2% | -2.5% | +2.8% | +5.2% | -4.6% | +1.0% | +3.4% | +10.3% | -5.6% | +5.3% | |
| Cost of Revenue | $19.37B | $19.48B | $18.29B | $17.78B | $18.72B | $19.24B | $17.62B | $17.92B | $19.31B | $21.25B | $18.98B | $19.86B |
| YoY % | +0.6% | -6.1% | -2.8% | +5.3% | +2.7% | -8.4% | +1.7% | +7.7% | +10.0% | -10.7% | +4.7% | |
| Gross Profit | $27.77B | $29.68B | $30.96B | $30.22B | $30.61B | $32.67B | $31.68B | $31.89B | $32.25B | $35.75B | $34.83B | $36.79B |
| YoY % | +6.9% | +4.3% | -2.4% | +1.3% | +6.7% | -3.0% | +0.7% | +1.1% | +10.9% | -2.6% | +5.6% | |
| R&D Expense | $6.29B | $6.21B | $6.30B | $6.06B | $6.33B | $6.58B | $6.35B | $6.55B | $6.77B | $7.55B | $7.98B | $9.30B |
| YoY % | -1.4% | +1.4% | -3.8% | +4.5% | +3.9% | -3.5% | +3.2% | +3.4% | +11.5% | +5.7% | +16.5% | |
| Selling & Marketing Expense | $9.50B | $9.82B | $9.62B | $9.18B | $9.24B | $9.57B | $9.17B | $9.26B | $9.09B | $9.88B | $10.36B | $10.97B |
| YoY % | +3.3% | -2.1% | -4.5% | +0.6% | +3.6% | -4.2% | +1.0% | -1.9% | +8.8% | +4.9% | +5.8% | |
| SG&A Expense | $1.93B | $2.04B | $1.81B | $1.99B | $2.14B | $1.83B | $1.93B | $2.15B | $2.10B | $2.48B | $2.81B | $2.99B |
| YoY % | +5.5% | -11.1% | +9.9% | +7.6% | -14.8% | +5.4% | +11.8% | -2.4% | +17.9% | +13.5% | +6.4% | |
| Total Operating Expenses | $18.42B | $18.91B | $18.30B | $18.25B | $18.30B | $18.45B | $18.06B | $19.06B | $18.28B | $20.72B | $22.65B | $25.03B |
| YoY % | +2.6% | -3.2% | -0.3% | +0.3% | +0.8% | -2.1% | +5.5% | -4.1% | +13.4% | +9.3% | +10.5% | |
| Operating Income | $9.35B | $10.77B | $12.66B | $11.97B | $12.31B | $14.22B | $13.62B | $12.83B | $13.97B | $15.03B | $12.18B | $11.76B |
| YoY % | +15.2% | +17.5% | -5.4% | +2.8% | +15.5% | -4.2% | -5.8% | +8.9% | +7.6% | -19.0% | -3.5% | |
| Interest Expense | — | — | — | — | — | — | — | — | $360.0M | $427.0M | $1.01B | $1.59B |
| YoY % | +18.6% | +135.6% | +58.3% | |||||||||
| Other Non-Operating Income | $243.0M | $228.0M | -$69.0M | -$163.0M | $165.0M | -$97.0M | $15.0M | $245.0M | $392.0M | -$248.0M | -$306.0M | -$68.0M |
| YoY % | -6.2% | +1533.3% | +60.0% | |||||||||
| Pretax Income | $9.71B | $11.20B | $12.92B | $12.29B | $13.04B | $14.57B | $13.97B | $13.26B | $14.48B | $15.32B | $12.23B | $11.10B |
| YoY % | +15.3% | +15.3% | -4.9% | +6.1% | +11.7% | -4.1% | -5.1% | +9.2% | +5.8% | -20.1% | -9.3% | |
| Income Tax | $1.86B | $2.22B | $2.18B | $2.68B | $12.93B | $2.95B | $2.76B | $2.67B | $2.67B | $2.71B | $1.91B | $920.0M |
| YoY % | +19.2% | -1.8% | +22.8% | +382.8% | -77.2% | -6.6% | -3.1% | -0.2% | +1.5% | -29.2% | -51.9% | |
| Net Income | $7.85B | $8.98B | $10.74B | $9.61B | $110.0M | $11.62B | $11.21B | $10.59B | $11.81B | $12.61B | $10.32B | $10.18B |
| YoY % | +14.4% | +19.6% | -10.5% | -98.9% | +10464.5% | -3.5% | -5.6% | +11.5% | +6.8% | -18.2% | -1.4% | |
| EPS (Basic) | $1.50 | $1.76 | $2.13 | $1.92 | $0.02 | $2.63 | $2.65 | $2.51 | $2.83 | $3.08 | $2.55 | $2.56 |
| YoY % | +17.3% | +21.0% | -9.9% | -99.0% | +13050.0% | +0.8% | -5.3% | +12.7% | +8.8% | -17.2% | +0.4% | |
| EPS (Diluted) | $1.49 | $1.75 | $2.11 | $1.90 | $0.02 | $2.61 | $2.64 | $2.50 | $2.82 | $3.07 | $2.54 | $2.55 |
| YoY % | +17.4% | +20.6% | -10.0% | -98.9% | +12950.0% | +1.1% | -5.3% | +12.8% | +8.9% | -17.3% | +0.4% | |
| Weighted Avg Shares (Basic) | 5.23B | 5.10B | 5.05B | 5.01B | 4.84B | 4.42B | 4.24B | 4.22B | 4.17B | 4.09B | 4.04B | 3.98B |
| YoY % | -2.5% | -1.0% | -0.9% | -3.5% | -8.6% | -4.1% | -0.3% | -1.2% | -1.8% | -1.2% | -1.7% | |
| Weighted Avg Shares (Diluted) | 5.28B | 5.15B | 5.09B | 5.05B | 4.88B | 4.45B | 4.25B | 4.24B | 4.19B | 4.11B | 4.06B | 4.00B |
| YoY % | -2.6% | -1.1% | -0.8% | -3.3% | -8.8% | -4.5% | -0.4% | -1.0% | -2.1% | -1.0% | -1.6% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $2 | $2 | $2 | $2 |
| YoY % | +11.1% | +17.5% | +17.0% | +12.7% | +9.7% | +4.4% | +2.8% | +2.7% | +2.7% | +2.6% | +2.5% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| reported |
| FY20222022-07-30 | $1.50 | +2.7% | reported |
| FY20212021-07-31 | $1.46 | +2.8% | reported |
| FY20202020-07-25 | $1.42 | +4.4% | reported |
| FY20192019-07-27 | $1.36 | +9.7% | reported |
| FY20182018-07-28 | $1.24 | +12.7% | reported |
| FY20172017-07-29 | $1.10 | +17.0% | reported |
| FY20162016-07-30 | $0.94 | +17.5% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-07-06 | $0.4200 | — | quarterly | licensed |
| 2026-04-02 | $0.4200 | 2026-04-22 | quarterly | licensed |
| 2026-01-02 | $0.4100 | 2026-01-21 | quarterly | licensed |
| 2025-10-03 | $0.4100 | 2025-10-22 | quarterly | licensed |
| 2025-07-03 | $0.4100 | — | quarterly | licensed |
| 2025-04-03 | $0.4100 | — | quarterly | licensed |
| 2025-01-03 | $0.4000 | — | quarterly | licensed |
| 2024-10-02 | $0.4000 | — | quarterly | licensed |
