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 | $548B |
| FY2017, ended Dec 31, 2017 | $732B |
| FY2018, ended Dec 31, 2018 | $726B |
| FY2019, ended Dec 31, 2019 | $921B |
| FY2020, ended Dec 31, 2020 | $1.18T |
| FY2021, ended Dec 31, 2021 | $1.91T |
| FY2022, ended Dec 31, 2022 | $1.13T |
| FY2023, ended Dec 31, 2023 | $1.74T |
| FY2024, ended Dec 31, 2024 | $2.31T |
| FY2025, ended Dec 31, 2025 | $3.79T |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $4.37T |
Revenue
By fiscal year, then the trailing 12 months
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $90.3B |
| FY2017, ended Dec 31, 2017 | $111B |
| FY2018, ended Dec 31, 2018 | $137B |
| FY2019, ended Dec 31, 2019 | $162B |
| FY2020, ended Dec 31, 2020 | $183B |
| FY2021, ended Dec 31, 2021 | $258B |
| FY2022, ended Dec 31, 2022 | $283B |
| FY2023, ended Dec 31, 2023 | $307B |
| FY2024, ended Dec 31, 2024 | $350B |
| FY2025, ended Dec 31, 2025 | $403B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $446B |
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 | $19.5B | $25.8B |
| FY2017, ended Dec 31, 2017 | $12.7B | $23.9B |
| FY2018, ended Dec 31, 2018 | $30.7B | $22.8B |
| FY2019, ended Dec 31, 2019 | $34.3B | $31.0B |
| FY2020, ended Dec 31, 2020 | $40.3B | $42.8B |
| FY2021, ended Dec 31, 2021 | $76.0B | $67.0B |
| FY2022, ended Dec 31, 2022 | $60.0B | $60.0B |
| FY2023, ended Dec 31, 2023 | $73.8B | $69.5B |
| FY2024, ended Dec 31, 2024 | $100B | $72.8B |
| FY2025, ended Dec 31, 2025 | $132B | $73.3B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $244B | $53.3B |
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 | $12.9B |
| FY2017, ended Dec 31, 2017 | $10.7B |
| FY2018, ended Dec 31, 2018 | $16.7B |
| FY2019, ended Dec 31, 2019 | $18.5B |
| FY2020, ended Dec 31, 2020 | $26.5B |
| FY2021, ended Dec 31, 2021 | $20.9B |
| FY2022, ended Dec 31, 2022 | $21.9B |
| FY2023, ended Dec 31, 2023 | $24.0B |
| FY2024, ended Dec 31, 2024 | $23.5B |
| FY2025, ended Dec 31, 2025 | $30.7B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $55.9B |
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 | $4.00B |
| FY2017, ended Dec 31, 2017 | $4.03B |
| FY2018, ended Dec 31, 2018 | $4.06B |
| FY2019, ended Dec 31, 2019 | $4.68B |
| FY2020, ended Dec 31, 2020 | $15.3B |
| FY2021, ended Dec 31, 2021 | $15.4B |
| FY2022, ended Dec 31, 2022 | $15.3B |
| FY2023, ended Dec 31, 2023 | $13.0B |
| FY2024, ended Dec 31, 2024 | $14.3B |
| FY2025, ended Dec 31, 2025 | $49.1B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $100B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 11.6% since FY16.
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 13.8B |
| FY2017, ended Dec 31, 2017 | 13.9B |
| FY2018, ended Dec 31, 2018 | 13.9B |
| FY2019, ended Dec 31, 2019 | 13.7B |
| FY2020, ended Dec 31, 2020 | 13.5B |
| FY2021, ended Dec 31, 2021 | 13.2B |
| FY2022, ended Dec 31, 2022 | 12.8B |
| FY2023, ended Dec 31, 2023 | 12.4B |
| FY2024, ended Dec 31, 2024 | 12.2B |
| FY2025, ended Dec 31, 2025 | 12.1B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 12.2B |
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 | $3.69B | $6.70B |
| FY2017, ended Dec 31, 2017 | $4.85B | $7.68B |
| FY2018, ended Dec 31, 2018 | $9.07B | $9.35B |
| FY2019, ended Dec 31, 2019 | $18.4B | $10.8B |
| FY2020, ended Dec 31, 2020 | $31.1B | $13.0B |
| FY2021, ended Dec 31, 2021 | $50.3B | $15.4B |
| FY2022, ended Dec 31, 2022 | $59.3B | $19.4B |
| FY2023, ended Dec 31, 2023 | $61.5B | $22.5B |
| FY2024, ended Dec 31, 2024 | $62.2B | $22.8B |
| FY2025, ended Dec 31, 2025 | $45.7B | $25.0B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $17.4B | $28.1B |
Valuation
At current price- Market Cap
- $3.92T
- P/E
- 16.1×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 8.8×
- Price / Book
- 6.1×
- EV / EBITDA
- 22.9×
Growth
Trailing 12 months- Revenue (TTM)
- $446B
- Revenue Growth YoY
- 20.1%
- Revenue CAGR 3Y
- 12.5%
- Revenue CAGR 5Y
- 17.2%
- EPS Growth YoY
- 112%
- Net Income Growth YoY
- 111%
Profitability
Trailing 12 months- Gross Margin
- 60.9%
- Operating Margin
- 33.1%
- Net Margin
- 54.8%
- FCF Margin
- 11.9%
- Return on Equity
- 48.7%
Earnings
Trailing 12 months- Net Income
- $244B
- EPS (diluted)
- $19.93
- EBITDA
- $173B
- Operating Income
- $148B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $55.9B
- Total Debt
- $100B
- Net Debt
- $44.3B
- Total Assets
- $922B
- Total Liabilities
- $282B
- Shareholders' Equity
- $640B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $186B
- Capital Expenditure
- $132B
- Free Cash Flow
- $53.3B
Dividends and risk
Last 12 months- Dividend Yield
- 0.3%
- Dividend / Share
- $0.86
- Beta (5Y)
- 1.21
Every ratio is calculated from the company’s reported figures.