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 | $97.8B |
| FY2017, ended Dec 31, 2017 | $100B |
| FY2018, ended Dec 31, 2018 | $84.9B |
| FY2019, ended Dec 31, 2019 | $145B |
| FY2020, ended Dec 31, 2020 | $139B |
| FY2021, ended Dec 31, 2021 | $136B |
| FY2022, ended Dec 31, 2022 | $151B |
| FY2023, ended Dec 31, 2023 | $104B |
| FY2024, ended Dec 31, 2024 | $115B |
| FY2025, ended Dec 31, 2025 | $110B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $118B |
Revenue
By fiscal year, then the trailing 12 months
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $19.4B |
| FY2017, ended Dec 31, 2017 | $20.8B |
| FY2018, ended Dec 31, 2018 | $22.6B |
| FY2019, ended Dec 31, 2019 | $26.1B |
| FY2020, ended Dec 31, 2020 | $42.5B |
| FY2021, ended Dec 31, 2021 | $46.4B |
| FY2022, ended Dec 31, 2022 | $46.2B |
| FY2023, ended Dec 31, 2023 | $45.0B |
| FY2024, ended Dec 31, 2024 | $48.3B |
| FY2025, ended Dec 31, 2025 | $48.2B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $49.2B |
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 | $4.46B | $1.84B |
| FY2017, ended Dec 31, 2017 | $1.01B | $4.22B |
| FY2018, ended Dec 31, 2018 | $4.92B | $6.12B |
| FY2019, ended Dec 31, 2019 | $3.44B | $7.37B |
| FY2020, ended Dec 31, 2020 | −$9.02B | $13.3B |
| FY2021, ended Dec 31, 2021 | $6.99B | $15.2B |
| FY2022, ended Dec 31, 2022 | $6.33B | $11.9B |
| FY2023, ended Dec 31, 2023 | $8.03B | $12.7B |
| FY2024, ended Dec 31, 2024 | −$8.95B | $13.9B |
| FY2025, ended Dec 31, 2025 | $7.05B | $12.8B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $9.28B | $11.4B |
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 | $4.24B |
| FY2017, ended Dec 31, 2017 | $5.42B |
| FY2018, ended Dec 31, 2018 | $6.91B |
| FY2019, ended Dec 31, 2019 | $12.3B |
| FY2020, ended Dec 31, 2020 | $14.5B |
| FY2021, ended Dec 31, 2021 | $14.0B |
| FY2022, ended Dec 31, 2022 | $9.12B |
| FY2023, ended Dec 31, 2023 | $11.5B |
| FY2024, ended Dec 31, 2024 | $10.3B |
| FY2025, ended Dec 31, 2025 | $10.2B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $8.72B |
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 | $6.71B |
| FY2017, ended Dec 31, 2017 | $7.96B |
| FY2018, ended Dec 31, 2018 | $8.60B |
| FY2019, ended Dec 31, 2019 | $49.5B |
| FY2020, ended Dec 31, 2020 | $52.7B |
| FY2021, ended Dec 31, 2021 | $49.3B |
| FY2022, ended Dec 31, 2022 | $43.2B |
| FY2023, ended Dec 31, 2023 | $42.6B |
| FY2024, ended Dec 31, 2024 | $51.5B |
| FY2025, ended Dec 31, 2025 | $47.1B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $43.9B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 22.1% since FY16.
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 1.67B |
| FY2017, ended Dec 31, 2017 | 1.63B |
| FY2018, ended Dec 31, 2018 | 1.63B |
| FY2019, ended Dec 31, 2019 | 2.26B |
| FY2020, ended Dec 31, 2020 | 2.24B |
| FY2021, ended Dec 31, 2021 | 2.18B |
| FY2022, ended Dec 31, 2022 | 2.10B |
| FY2023, ended Dec 31, 2023 | 2.02B |
| FY2024, ended Dec 31, 2024 | 2.03B |
| FY2025, ended Dec 31, 2025 | 2.04B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 2.04B |
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 | $231M | $205M |
| FY2017, ended Dec 31, 2017 | $2.47B | $199M |
| FY2018, ended Dec 31, 2018 | $320M | $221M |
| FY2019, ended Dec 31, 2019 | $7.30B | $441M |
| FY2020, ended Dec 31, 2020 | $1.55B | $779M |
| FY2021, ended Dec 31, 2021 | $6.29B | $583M |
| FY2022, ended Dec 31, 2022 | $8.00B | $457M |
| FY2023, ended Dec 31, 2023 | $5.16B | $518M |
| FY2024, ended Dec 31, 2024 | $0 | $507M |
| FY2025, ended Dec 31, 2025 | $0 | $553M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | — | $553M |
Valuation
At current price- Market Cap
- $126B
- P/E
- 13.5×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 2.6×
- Price / Book
- 5.6×
- EV / EBITDA
- 10.7×
Growth
Trailing 12 months- Revenue (TTM)
- $49.2B
- Revenue Growth YoY
- 3.1%
- Revenue CAGR 3Y
- 1.4%
- Revenue CAGR 5Y
- 2.5%
- EPS Growth YoY
- 82.3%
- Net Income Growth YoY
- 83.8%
Profitability
Trailing 12 months- Gross Margin
- 70.2%
- Operating Margin
- 24.2%
- Net Margin
- 18.9%
- FCF Margin
- 23.3%
- Return on Equity
- 46.7%
Earnings
Trailing 12 months- Net Income
- $9.28B
- EPS (diluted)
- $4.54
- EBITDA
- $15.1B
- Operating Income
- $11.9B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $8.72B
- Total Debt
- $43.9B
- Net Debt
- $35.2B
- Total Assets
- $87.6B
- Total Liabilities
- $65.3B
- Shareholders' Equity
- $22.3B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $12.8B
- Capital Expenditure
- $1.34B
- Free Cash Flow
- $11.4B
Dividends and risk
Last 12 months- Dividend Yield
- 4.1%
- Dividend / Share
- $2.52
- Beta (5Y)
- 0.19
Every ratio is calculated from the company’s reported figures.