Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $358B |
| FY2017, ended Dec 31, 2017 | $566B |
| FY2018, ended Dec 31, 2018 | $738B |
| FY2019, ended Dec 31, 2019 | $920B |
| FY2020, ended Dec 31, 2020 | $1.64T |
| FY2021, ended Dec 31, 2021 | $1.70T |
| FY2022, ended Dec 31, 2022 | $861B |
| FY2023, ended Dec 31, 2023 | $1.58T |
| FY2024, ended Dec 31, 2024 | $2.33T |
| FY2025, ended Dec 31, 2025 | $2.48T |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.57T |
Revenue
By fiscal year, then the trailing 12 months
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $136B |
| FY2017, ended Dec 31, 2017 | $178B |
| FY2018, ended Dec 31, 2018 | $233B |
| FY2019, ended Dec 31, 2019 | $281B |
| FY2020, ended Dec 31, 2020 | $386B |
| FY2021, ended Dec 31, 2021 | $470B |
| FY2022, ended Dec 31, 2022 | $514B |
| FY2023, ended Dec 31, 2023 | $575B |
| FY2024, ended Dec 31, 2024 | $638B |
| FY2025, ended Dec 31, 2025 | $717B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $776B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.
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| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $2.37B | $10.5B |
| FY2017, ended Dec 31, 2017 | $3.03B | $6.41B |
| FY2018, ended Dec 31, 2018 | $10.1B | $17.3B |
| FY2019, ended Dec 31, 2019 | $11.6B | $21.7B |
| FY2020, ended Dec 31, 2020 | $21.3B | $25.9B |
| FY2021, ended Dec 31, 2021 | $33.4B | −$14.7B |
| FY2022, ended Dec 31, 2022 | −$2.72B | −$16.9B |
| FY2023, ended Dec 31, 2023 | $30.4B | $32.2B |
| FY2024, ended Dec 31, 2024 | $59.2B | $32.9B |
| FY2025, ended Dec 31, 2025 | $77.7B | $7.70B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $135B | −$11.6B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $19.3B |
| FY2017, ended Dec 31, 2017 | $20.5B |
| FY2018, ended Dec 31, 2018 | $31.8B |
| FY2019, ended Dec 31, 2019 | $36.1B |
| FY2020, ended Dec 31, 2020 | $42.1B |
| FY2021, ended Dec 31, 2021 | $36.2B |
| FY2022, ended Dec 31, 2022 | $53.9B |
| FY2023, ended Dec 31, 2023 | $73.4B |
| FY2024, ended Dec 31, 2024 | $78.8B |
| FY2025, ended Dec 31, 2025 | $86.8B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $78.2B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $8.84B |
| FY2017, ended Dec 31, 2017 | $24.9B |
| FY2018, ended Dec 31, 2018 | $25.0B |
| FY2019, ended Dec 31, 2019 | $24.8B |
| FY2020, ended Dec 31, 2020 | $33.2B |
| FY2021, ended Dec 31, 2021 | $50.9B |
| FY2022, ended Dec 31, 2022 | $71.7B |
| FY2023, ended Dec 31, 2023 | $67.3B |
| FY2024, ended Dec 31, 2024 | $58.2B |
| FY2025, ended Dec 31, 2025 | $69.3B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $133B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 13.0% since FY16.
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 9.54B |
| FY2017, ended Dec 31, 2017 | 9.68B |
| FY2018, ended Dec 31, 2018 | 9.82B |
| FY2019, ended Dec 31, 2019 | 9.96B |
| FY2020, ended Dec 31, 2020 | 10.1B |
| FY2021, ended Dec 31, 2021 | 10.2B |
| FY2022, ended Dec 31, 2022 | 10.2B |
| FY2023, ended Dec 31, 2023 | 10.4B |
| FY2024, ended Dec 31, 2024 | 10.6B |
| FY2025, ended Dec 31, 2025 | 10.7B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 10.8B |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | — | $2.98B |
| FY2017, ended Dec 31, 2017 | — | $4.21B |
| FY2018, ended Dec 31, 2018 | — | $5.42B |
| FY2019, ended Dec 31, 2019 | — | $6.86B |
| FY2020, ended Dec 31, 2020 | $0 | $9.21B |
| FY2021, ended Dec 31, 2021 | $0 | $12.8B |
| FY2022, ended Dec 31, 2022 | $6.00B | $19.6B |
| FY2023, ended Dec 31, 2023 | $0 | $24.0B |
| FY2024, ended Dec 31, 2024 | $0 | $22.0B |
| FY2025, ended Dec 31, 2025 | — | $19.5B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | — | $19.3B |
Valuation
At current price- Market Cap
- $2.73T
- P/E
- 20.2×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.5×
- Price / Book
- 4.9×
- EV / EBITDA
- 16.5×
Growth
Trailing 12 months- Revenue (TTM)
- $776B
- Revenue Growth YoY
- 15.8%
- Revenue CAGR 3Y
- 11.7%
- Revenue CAGR 5Y
- 13.2%
- EPS Growth YoY
- 89.5%
- Net Income Growth YoY
- 91.6%
Profitability
Trailing 12 months- Gross Margin
- 50.8%
- Operating Margin
- 12.1%
- Net Margin
- 17.4%
- FCF Margin
- −1.5%
- Return on Equity
- 30.6%
Earnings
Trailing 12 months- Net Income
- $135B
- EPS (diluted)
- $12.43
- EBITDA
- $169B
- Operating Income
- $93.7B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $78.2B
- Total Debt
- $133B
- Net Debt
- $55.1B
- Total Assets
- $1.10T
- Total Liabilities
- $544B
- Shareholders' Equity
- $552B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $161B
- Capital Expenditure
- $173B
- Free Cash Flow
- −$11.6B
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 1.45
Every ratio is calculated from the company’s reported figures.