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 | $26.3B |
| FY2017, ended Dec 31, 2017 | $35.0B |
| FY2018, ended Dec 31, 2018 | $41.0B |
| FY2019, ended Dec 31, 2019 | $62.9B |
| FY2020, ended Dec 31, 2020 | $78.6B |
| FY2021, ended Dec 31, 2021 | $115B |
| FY2022, ended Dec 31, 2022 | $67.9B |
| FY2023, ended Dec 31, 2023 | $90.4B |
| FY2024, ended Dec 31, 2024 | $73.0B |
| FY2025, ended Dec 31, 2025 | $53.1B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $29.7B |
Revenue
By fiscal year, then the trailing 12 months
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $4.89B |
| FY2017, ended Dec 31, 2017 | $5.31B |
| FY2018, ended Dec 31, 2018 | $5.83B |
| FY2019, ended Dec 31, 2019 | $6.26B |
| FY2020, ended Dec 31, 2020 | $6.67B |
| FY2021, ended Dec 31, 2021 | $7.78B |
| FY2022, ended Dec 31, 2022 | $8.08B |
| FY2023, ended Dec 31, 2023 | $8.54B |
| FY2024, ended Dec 31, 2024 | $9.26B |
| FY2025, ended Dec 31, 2025 | $9.47B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $9.53B |
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 | $821M | $497M |
| FY2017, ended Dec 31, 2017 | $864M | $1.12B |
| FY2018, ended Dec 31, 2018 | $1.43B | $1.45B |
| FY2019, ended Dec 31, 2019 | $1.50B | $1.33B |
| FY2020, ended Dec 31, 2020 | $1.64B | $1.67B |
| FY2021, ended Dec 31, 2021 | $2.04B | $1.74B |
| FY2022, ended Dec 31, 2022 | $2.11B | $1.33B |
| FY2023, ended Dec 31, 2023 | $2.34B | $1.62B |
| FY2024, ended Dec 31, 2024 | $2.49B | $2.30B |
| FY2025, ended Dec 31, 2025 | $2.67B | $2.28B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.64B | $2.32B |
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 | $727M |
| FY2017, ended Dec 31, 2017 | $1.56B |
| FY2018, ended Dec 31, 2018 | $1.60B |
| FY2019, ended Dec 31, 2019 | $1.93B |
| FY2020, ended Dec 31, 2020 | $3.60B |
| FY2021, ended Dec 31, 2021 | $3.48B |
| FY2022, ended Dec 31, 2022 | $3.58B |
| FY2023, ended Dec 31, 2023 | $2.04B |
| FY2024, ended Dec 31, 2024 | $1.99B |
| FY2025, ended Dec 31, 2025 | $2.45B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.48B |
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 | $4.47B |
| FY2017, ended Dec 31, 2017 | $4.95B |
| FY2018, ended Dec 31, 2018 | $6.45B |
| FY2019, ended Dec 31, 2019 | $6.45B |
| FY2020, ended Dec 31, 2020 | $7.20B |
| FY2021, ended Dec 31, 2021 | $6.59B |
| FY2022, ended Dec 31, 2022 | $7.90B |
| FY2023, ended Dec 31, 2023 | $6.57B |
| FY2024, ended Dec 31, 2024 | $6.57B |
| FY2025, ended Dec 31, 2025 | $9.04B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $9.05B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 16.0% since FY16.
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 492M |
| FY2017, ended Dec 31, 2017 | 485M |
| FY2018, ended Dec 31, 2018 | 479M |
| FY2019, ended Dec 31, 2019 | 475M |
| FY2020, ended Dec 31, 2020 | 475M |
| FY2021, ended Dec 31, 2021 | 472M |
| FY2022, ended Dec 31, 2022 | 463M |
| FY2023, ended Dec 31, 2023 | 458M |
| FY2024, ended Dec 31, 2024 | 448M |
| FY2025, ended Dec 31, 2025 | 422M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 413M |
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 | $300M | $37.0M |
| FY2017, ended Dec 31, 2017 | $500M | $44.0M |
| FY2018, ended Dec 31, 2018 | $698M | $53.0M |
| FY2019, ended Dec 31, 2019 | $626M | $67.0M |
| FY2020, ended Dec 31, 2020 | $250M | $59.0M |
| FY2021, ended Dec 31, 2021 | $743M | $58.0M |
| FY2022, ended Dec 31, 2022 | $1.59B | $62.0M |
| FY2023, ended Dec 31, 2023 | $1.09B | $60.0M |
| FY2024, ended Dec 31, 2024 | $1.86B | $74.0M |
| FY2025, ended Dec 31, 2025 | $3.23B | $83.0M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $3.64B | $95.0M |
Valuation
At current price- Market Cap
- $32.3B
- P/E
- 12.3×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.4×
- Price / Book
- 10.3×
- EV / EBITDA
- 9.9×
Growth
Trailing 12 months- Revenue (TTM)
- $9.53B
- Revenue Growth YoY
- 1.6%
- Revenue CAGR 3Y
- 5.4%
- Revenue CAGR 5Y
- 7.2%
- EPS Growth YoY
- 6.2%
- Net Income Growth YoY
- 1.8%
Profitability
Trailing 12 months- Gross Margin
- 71.7%
- Operating Margin
- —
- Net Margin
- 27.7%
- FCF Margin
- 24.3%
- Return on Equity
- 64.9%
Earnings
Trailing 12 months- Net Income
- $2.64B
- EPS (diluted)
- $6.13
- EBITDA
- $4.02B
- Operating Income
- —
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $1.48B
- Total Debt
- $9.05B
- Net Debt
- $7.57B
- Total Assets
- $15.1B
- Total Liabilities
- $11.9B
- Shareholders' Equity
- $3.15B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $2.84B
- Capital Expenditure
- $524M
- Free Cash Flow
- $2.32B
Dividends and risk
Last 12 months- Dividend Yield
- 2.7%
- Dividend / Share
- $2.09
- Beta (5Y)
- 0.74
Every ratio is calculated from the company’s reported figures.