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 | $18.3B |
| FY2017, ended Dec 31, 2017 | $38.0B |
| FY2018, ended Dec 31, 2018 | $42.4B |
| FY2019, ended Dec 31, 2019 | $56.8B |
| FY2020, ended Dec 31, 2020 | $61.4B |
| FY2021, ended Dec 31, 2021 | $55.9B |
| FY2022, ended Dec 31, 2022 | $74.2B |
| FY2023, ended Dec 31, 2023 | $105B |
| FY2024, ended Dec 31, 2024 | $103B |
| FY2025, ended Dec 31, 2025 | $115B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $126B |
Revenue
By fiscal year, then the trailing 12 months
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.70B |
| FY2017, ended Dec 31, 2017 | $2.49B |
| FY2018, ended Dec 31, 2018 | $3.05B |
| FY2019, ended Dec 31, 2019 | $4.16B |
| FY2020, ended Dec 31, 2020 | $6.21B |
| FY2021, ended Dec 31, 2021 | $7.57B |
| FY2022, ended Dec 31, 2022 | $8.93B |
| FY2023, ended Dec 31, 2023 | $9.87B |
| FY2024, ended Dec 31, 2024 | $11.0B |
| FY2025, ended Dec 31, 2025 | $12.0B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $12.6B |
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 | −$112M | $180M |
| FY2017, ended Dec 31, 2017 | $263M | $746M |
| FY2018, ended Dec 31, 2018 | $2.10B | $1.17B |
| FY2019, ended Dec 31, 2019 | $1.18B | $1.49B |
| FY2020, ended Dec 31, 2020 | $2.71B | $2.99B |
| FY2021, ended Dec 31, 2021 | $2.34B | $2.41B |
| FY2022, ended Dec 31, 2022 | $3.32B | $3.93B |
| FY2023, ended Dec 31, 2023 | $3.62B | $3.34B |
| FY2024, ended Dec 31, 2024 | −$536M | −$790M |
| FY2025, ended Dec 31, 2025 | $3.95B | $3.19B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $4.41B | $3.80B |
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 | $1.18B |
| FY2017, ended Dec 31, 2017 | $1.67B |
| FY2018, ended Dec 31, 2018 | $2.65B |
| FY2019, ended Dec 31, 2019 | $3.11B |
| FY2020, ended Dec 31, 2020 | $5.99B |
| FY2021, ended Dec 31, 2021 | $6.79B |
| FY2022, ended Dec 31, 2022 | $10.5B |
| FY2023, ended Dec 31, 2023 | $10.4B |
| FY2024, ended Dec 31, 2024 | $4.57B |
| FY2025, ended Dec 31, 2025 | $5.08B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $6.14B |
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. Up 2.0% since FY16.
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 248M |
| FY2017, ended Dec 31, 2017 | 254M |
| FY2018, ended Dec 31, 2018 | 256M |
| FY2019, ended Dec 31, 2019 | 259M |
| FY2020, ended Dec 31, 2020 | 260M |
| FY2021, ended Dec 31, 2021 | 255M |
| FY2022, ended Dec 31, 2022 | 257M |
| FY2023, ended Dec 31, 2023 | 258M |
| FY2024, ended Dec 31, 2024 | 257M |
| FY2025, ended Dec 31, 2025 | 254M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 253M |
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 | $0 | $241M |
| FY2017, ended Dec 31, 2017 | $0 | $293M |
| FY2018, ended Dec 31, 2018 | $350M | $325M |
| FY2019, ended Dec 31, 2019 | $186M | $361M |
| FY2020, ended Dec 31, 2020 | $539M | $430M |
| FY2021, ended Dec 31, 2021 | $1.43B | $441M |
| FY2022, ended Dec 31, 2022 | $0 | $491M |
| FY2023, ended Dec 31, 2023 | $428M | $581M |
| FY2024, ended Dec 31, 2024 | $1.18B | $699M |
| FY2025, ended Dec 31, 2025 | $2.02B | $686M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.01B | $689M |
Valuation
At current price- Market Cap
- $132B
- P/E
- 30.0×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 10.5×
- Price / Book
- 6.5×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $12.6B
- Revenue Growth YoY
- 10.2%
- Revenue CAGR 3Y
- 10.4%
- Revenue CAGR 5Y
- 14.1%
- EPS Growth YoY
- 22.1%
- Net Income Growth YoY
- 21.1%
Profitability
Trailing 12 months- Gross Margin
- 86.0%
- Operating Margin
- 38.0%
- Net Margin
- 35.0%
- FCF Margin
- 30.2%
- Return on Equity
- 23.5%
Earnings
Trailing 12 months- Net Income
- $4.41B
- EPS (diluted)
- $17.17
- EBITDA
- $5.00B
- Operating Income
- $4.78B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $6.14B
- Total Debt
- —. Short- and long-term borrowings, excluding leases
- Net Cash
- —. Cash − total debt
- Total Assets
- $27.4B
- Total Liabilities
- $7.18B
- Shareholders' Equity
- $20.2B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $4.29B
- Capital Expenditure
- $497M
- Free Cash Flow
- $3.80B
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 0.28
Every ratio is calculated from the company’s reported figures.