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 | $24.6B |
| FY2017, ended Dec 31, 2017 | $41.0B |
| FY2018, ended Dec 31, 2018 | $54.8B |
| FY2019, ended Dec 31, 2019 | $68.6B |
| FY2020, ended Dec 31, 2020 | $96.3B |
| FY2021, ended Dec 31, 2021 | $129B |
| FY2022, ended Dec 31, 2022 | $93.0B |
| FY2023, ended Dec 31, 2023 | $119B |
| FY2024, ended Dec 31, 2024 | $186B |
| FY2025, ended Dec 31, 2025 | $201B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $141B |
Revenue
By fiscal year, then the trailing 12 months
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.71B |
| FY2017, ended Dec 31, 2017 | $3.14B |
| FY2018, ended Dec 31, 2018 | $3.72B |
| FY2019, ended Dec 31, 2019 | $4.48B |
| FY2020, ended Dec 31, 2020 | $4.36B |
| FY2021, ended Dec 31, 2021 | $5.71B |
| FY2022, ended Dec 31, 2022 | $6.22B |
| FY2023, ended Dec 31, 2023 | $7.12B |
| FY2024, ended Dec 31, 2024 | $8.35B |
| FY2025, ended Dec 31, 2025 | $10.1B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $11.6B |
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 | $738M | $1.03B |
| FY2017, ended Dec 31, 2017 | $671M | $953M |
| FY2018, ended Dec 31, 2018 | $1.13B | $982M |
| FY2019, ended Dec 31, 2019 | $1.38B | $1.17B |
| FY2020, ended Dec 31, 2020 | $1.06B | $1.14B |
| FY2021, ended Dec 31, 2021 | $1.70B | $1.75B |
| FY2022, ended Dec 31, 2022 | $1.32B | $958M |
| FY2023, ended Dec 31, 2023 | $1.80B | $750M |
| FY2024, ended Dec 31, 2024 | $2.32B | $1.30B |
| FY2025, ended Dec 31, 2025 | $2.86B | $2.49B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $2.96B | $3.60B |
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 | $1.04B |
| FY2017, ended Dec 31, 2017 | $648M |
| FY2018, ended Dec 31, 2018 | $858M |
| FY2019, ended Dec 31, 2019 | $1.17B |
| FY2020, ended Dec 31, 2020 | $1.62B |
| FY2021, ended Dec 31, 2021 | $1.29B |
| FY2022, ended Dec 31, 2022 | $1.58B |
| FY2023, ended Dec 31, 2023 | $2.75B |
| FY2024, ended Dec 31, 2024 | $2.03B |
| FY2025, ended Dec 31, 2025 | $3.37B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $2.98B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.
No figures for this period in the company’s filings.
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 0.7% since FY16.
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 349M |
| FY2017, ended Dec 31, 2017 | 337M |
| FY2018, ended Dec 31, 2018 | 343M |
| FY2019, ended Dec 31, 2019 | 348M |
| FY2020, ended Dec 31, 2020 | 353M |
| FY2021, ended Dec 31, 2021 | 358M |
| FY2022, ended Dec 31, 2022 | 350M |
| FY2023, ended Dec 31, 2023 | 352M |
| FY2024, ended Dec 31, 2024 | 357M |
| FY2025, ended Dec 31, 2025 | 355M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 347M |
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 | $42.5M | $178M |
| FY2017, ended Dec 31, 2017 | $2.27B | $209M |
| FY2018, ended Dec 31, 2018 | $0 | $261M |
| FY2019, ended Dec 31, 2019 | $270M | $336M |
| FY2020, ended Dec 31, 2020 | $134M | $395M |
| FY2021, ended Dec 31, 2021 | $0 | $449M |
| FY2022, ended Dec 31, 2022 | $2.61B | $513M |
| FY2023, ended Dec 31, 2023 | $416M | $593M |
| FY2024, ended Dec 31, 2024 | $0 | $677M |
| FY2025, ended Dec 31, 2025 | $2.30B | $788M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $4.62B | $835M |
Valuation
At current price- Market Cap
- $155B
- P/E
- 52.3×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 13.3×
- Price / Book
- 9.7×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $11.6B
- Revenue Growth YoY
- 20.5%
- Revenue CAGR 3Y
- 17.4%
- Revenue CAGR 5Y
- 18.2%
- EPS Growth YoY
- 9.4%
- Net Income Growth YoY
- 7.7%
Profitability
Trailing 12 months- Gross Margin
- 67.2%
- Operating Margin
- 28.4%
- Net Margin
- 25.5%
- FCF Margin
- 31.1%
- Return on Equity
- 18.0%
Earnings
Trailing 12 months- Net Income
- $2.96B
- EPS (diluted)
- $8.27
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- $3.28B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $2.98B
- Total Debt
- —. Short- and long-term borrowings, excluding leases
- Net Cash
- —. Cash − total debt
- Total Assets
- $19.3B
- Total Liabilities
- $3.23B
- Shareholders' Equity
- $16.0B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $4.09B
- Capital Expenditure
- $492M
- Free Cash Flow
- $3.60B
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 1.46
Every ratio is calculated from the company’s reported figures.