ASML Holding N.V. NY Registered Shares (ASML) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$6.95	$7.58	+9.1%	—	$9.3B	—
Q1 26	$6.62	$7.15	+8.0%	—	$8.8B	—
Q3 25	$5.37	$5.49	+2.2%	—	$7.5B	—
Q2 25	$5.25	$5.9	+12.4%	—	$7.7B	—
Q1 25	$5.79	$6	+3.6%	—	$7.7B	—
Q4 24	$6.73	$6.84	+1.6%	—	$11.1B	—
Q3 24	$4.86	$5.28	+8.6%	—	$8.6B	—
Q2 24	$3.69	$4.01	+8.7%	—	$6.2B	—
Q1 24	$2.79	$3.11	+11.5%	—	$5.3B	—
Q4 23	$4.78	$5.2	+8.8%	—	$7.2B	—
Q3 23	$4.63	$4.81	+3.9%	—	$6.7B	—
Q2 23	$4.61	$4.93	+6.9%	—	$6.9B	—
Q1 23	$4.16	$4.95	+19.0%	—	$6.7B	—
Q4 22	$4.33	$4.6	+6.2%	—	$6.4B	—
Q3 22	$3.46	$4.29	+24.0%	—	$5.8B	—
Q2 22	$3.52	$3.54	+0.6%	—	$5.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$24.7	—	—	$32.7B	—
FY24	—	$19.3	—	—	$33.8B	—
FY23	—	$20.6	—	—	$27.6B	—
FY22	—	$16.1	—	—	$21.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.9B	$9B	$10.9B	$11.8B	$14B	$18.6B	$21.2B	$27.6B	$33.8B	$32.7B
YoY change	+9.35%	+30.4%	+22.1%	+8%	+18.3%	+33.1%	+13.8%	+30.2%	+22.6%	-3.32%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.9B	9B	10.9B	11.8B	14B	18.6B	21.2B	27.6B	33.8B	32.7B
Cost of revenue	3.7B	4.9B	5.9B	6.5B	7.2B	8.8B	10.5B	13.4B	16.5B	15.4B
Gross profit	3.1B	4B	5B	5.3B	6.8B	9.8B	10.7B	14.1B	17.3B	17.3B
Gross margin	45.7%	44.9%	46%	44.7%	48.6%	52.7%	50.5%	51.3%	51.3%	52.8%
Research & development	1.1B	1.3B	1.6B	2B	2.2B	2.5B	3.3B	4B	5.1B	4.7B
Selling, general & administrative	374.8M	416.6M	488M	520.5M	544.9M	725.6M	945.9M	1.1B	1.4B	1.3B
Operating expenses	1.4B	1.6B	2.1B	2.5B	2.7B	3.3B	4.2B	5.1B	6.5B	6B
Operating income	1.7B	2.3B	3B	2.8B	4.1B	6.5B	6.5B	9B	10.8B	11.3B
Operating margin	24.2%	26.2%	27.1%	23.6%	29%	35.1%	30.7%	32.8%	31.9%	34.6%
Non-operating income, net	93.8M	95.8M	—	—	—	213.7M	—	—	—	—
Pretax income	1.8B	2.4B	2.9B	2.8B	4B	6.7B	6.5B	9.1B	10.8B	11.4B
Income tax	234.4M	306M	351.6M	191.7M	551.5M	1B	969.9M	1.4B	2B	2B
Net income	1.6B	2.1B	2.6B	2.6B	3.6B	5.9B	5.6B	7.8B	9.1B	9.6B
Net margin	22.7%	23.1%	23.7%	21.9%	25.4%	31.6%	26.6%	28.4%	26.8%	29.4%
EBITDA	2B	2.8B	3.4B	3.3B	4.6B	7B	7.1B	10B	12.1B	12.6B
EPS	3.46	4.93	5.94	6.13	8.49	14.4	16.1	20.6	19.3	24.7
Diluted EPS	3.44	4.91	5.92	6.12	8.48	14.3	16.1	20.6	19.2	24.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	6.7B	7.2B	5.3B	6.2B	8.6B	11.1B	7.7B	7.7B	7.5B	9.7B	8.8B	9.3B
Cost of revenue	3.2B	3.5B	2.6B	3B	4.2B	5.3B	3.6B	3.6B	3.6B	4.6B	4.1B	4.3B
Gross profit	3.5B	3.7B	2.7B	3.2B	4.4B	5.7B	4.2B	4B	3.9B	5.1B	4.6B	5B
Gross margin	51.9%	51.4%	51%	51.5%	50.8%	51.7%	54%	52.6%	51.6%	52.2%	53%	54%
Research & development	991.4M	1B	1B	1.1B	1.2B	1.3B	1.2B	607.1M	1.1B	1.3B	1.2B	1.3B
Selling, general & administrative	287.8M	284.1M	273.3M	277M	343.5M	380.6M	280.7M	298.7M	303.2M	375.2M	302.3M	302.7M
Operating expenses	1.3B	1.3B	1.3B	1.4B	1.6B	1.7B	1.4B	905.8M	1.4B	1.6B	1.5B	1.6B
Operating income	2.2B	2.4B	1.4B	1.8B	2.8B	4B	2.7B	3.1B	2.5B	3.4B	3.2B	3.5B
Operating margin	32.7%	33.1%	26.3%	29.4%	32.7%	36.2%	35.4%	40.8%	32.8%	35.3%	36%	37.1%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	2.2B	2.4B	1.4B	1.8B	2.8B	4B	2.8B	3.2B	2.5B	3.4B	3.2B	3.5B
Income tax	343.7M	385.6M	224M	291.6M	510.3M	865.3M	465.1M	575.3M	442.2M	618.7M	546.6M	609.6M
Net income	1.9B	2B	1.2B	1.6B	2.4B	3.2B	2.4B	2.7B	2.1B	2.8B	2.8B	2.9B
Net margin	28.4%	28.3%	23.1%	25.3%	27.8%	29.1%	30.4%	34.8%	28.3%	29.2%	31.4%	31.3%
EBITDA	2.4B	2.8B	1.6B	2.1B	3.1B	4.5B	3B	3.6B	2.7B	3.7B	3.2B	3.5B
EPS	4.81	5.21	3.11	4.01	5.28	6.85	6	—	5.49	7.35	7.15	7.59
Diluted EPS	4.81	5.2	3.11	4.01	5.28	6.84	6	—	5.48	7.34	7.15	7.58

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	46.1B	72.1B	63.8B	120.2B	196.9B	314.8B	209.7B	285.7B	—	—	654.6B
Enterprise value	45.3B	71.8B	62.8B	118.6B	194.2B	311.8B	206.6B	283.3B	—	—	40.3T
Shares outstanding	410.7M	414.8M	410M	406.1M	403.7M	395.5M	383.8M	377.5M	470.2M	388.5M	388.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29.6	34.9	24.6	46.4	55.4	53.5	37.3	36.4	—	—	58.7
P/S	6.7	8.04	5.83	10.2	14.1	16.9	9.9	10.4	—	—	18.6
P/B	4.69	6.69	5.48	9.54	14.2	31	23.8	21.2	—	—	1.5K
EV/EBITDA	22.4	26	18.5	36.5	42.7	44.4	29.1	28.4	—	—	2.6K
EV/Sales	6.6	8.01	5.74	10	13.9	16.8	9.76	10.3	—	—	992
Earnings yield	3.38%	2.87%	4.06%	2.16%	1.81%	1.87%	2.68%	2.74%	—	—	1.7%
FCF yield	2.91%	2.03%	3.86%	1.99%	1.84%	3.15%	3.42%	1.14%	—	—	1.48%
PEG	—	—	—	—	—	—	—	—	—	—	29

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	45.7%	44.9%	46%	44.7%	48.6%	52.7%	50.5%	51.3%	51.3%	52.8%	54%
Operating margin	24.2%	26.2%	27.1%	23.6%	29%	35.1%	30.7%	32.8%	31.9%	34.6%	37.1%
Net margin	22.7%	23.1%	23.7%	21.9%	25.4%	31.6%	26.6%	28.4%	26.8%	29.4%	30.1%
ROE	15.9%	19.2%	22.3%	20.6%	25.6%	58%	63.8%	58.3%	41%	49%	53.9%
ROA	9.05%	11.4%	12.9%	11.5%	13%	19.5%	15.5%	19.6%	15.6%	19%	16.5%
ROIC	15.9%	19.4%	24.5%	23.7%	31.2%	77.7%	97%	68.7%	70.5%	87.1%	66.2%
Return on tangible assets	32.4%	30.5%	29.3%	22.9%	22.3%	30.6%	22.1%	26.8%	19.8%	23.8%	27.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.61	2.8	2.78	2.58	2.41	1.48	1.28	1.5	1.53	1.26	1.33
Quick ratio	1.76	1.87	1.87	1.77	1.72	1.06	0.88	0.96	0.99	0.79	0.78
Debt / equity	0.34	0.28	0.26	0.25	0.34	0.45	0.48	0.34	0.25	0.22	0.09
Debt / assets	0.19	0.17	0.15	0.14	0.17	0.15	0.12	0.12	0.1	0.09	0.06
Net debt / EBITDA	-0.36	-0.1	-0.3	-0.5	-0.59	-0.43	-0.44	-0.24	-0.8	-0.71	-0.43
Interest coverage	—	—	—	76.6	93.8	123.8	107.2	60.5	56.6	97.4	97.4
Effective tax rate	13.1%	12.8%	12%	6.93%	13.7%	15.2%	15%	15.8%	18.6%	17.7%	17.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	16.7	21.6	26.7	29.1	34.6	47.1	55.2	73	71.9	84.1	1.65
EPS (basic)	3.46	4.93	5.94	6.13	8.49	14.4	16.1	20.6	19.3	24.7	24.7
EPS (diluted)	3.44	4.91	5.92	6.12	8.48	14.3	16.1	20.6	19.2	24.7	29.2
Book value per share	23.9	26	28.4	31	34.3	25.6	23	35.6	47	50.5	1.18
FCF per share	3.27	3.52	6.01	5.89	8.98	25	18.7	8.6	23.1	28.4	23.2
Cash per share	9.88	7.93	9.84	11.6	18.2	19.2	19.2	18.6	32.4	34.3	0.35
Capex per share	0.77	0.82	1.4	1.89	2.38	2.28	3.34	5.71	5.26	—	4.05

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.6%	3.78%	5.24%	6.49%	6.88%	4.84%	6.05%	7.82%	7.31%	—	4.63%
Capex / operating cash flow	19.7%	21.7%	22.6%	26.4%	22%	8.5%	16.6%	45.9%	20.8%	—	13.1%
Payout ratio	28.6%	25%	23%	51.1%	30%	23.3%	45.5%	30%	32.4%	26.5%	29.7%
Dividend yield	0.97%	0.72%	0.94%	1.1%	0.54%	0.43%	1.22%	0.82%	—	—	0.51%

Yield

0.51%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.1507

ex-dividend Jul 28, 2026

Payout ratio

30%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 28, 2026	$2.1507
Apr 27, 2026	$3.1771
Feb 10, 2026	$1.8827
Oct 29, 2025	$1.857
Jul 29, 2025	$1.856
Apr 28, 2025	$1.9193
Feb 11, 2025	$1.5705
Oct 29, 2024	$1.6414

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$6.7B	$7.2B	$5.3B	$6.2B	$8.6B	$11.1B	$7.7B	$7.7B	$7.5B	$9.7B	$8.8B	$9.3B
YoY change	+15.5%	+12.5%	-21.6%	-9.55%	+29.4%	+53%	+46.3%	+23.2%	-13%	-12.2%	+13.2%	+21.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	4.1B	3.3B	4B	4.7B	7.4B	7.6B	7.4B	7B	15.2B	13.3B
Receivables	700.2M	1.7B	1.5B	1.8B	1.3B	3B	5.3B	4.3B	5.4B	3B
Inventory	2.8B	3B	3.4B	3.8B	4.6B	5.2B	7.2B	8.9B	13B	11.4B
Total current assets	8.6B	8.9B	10.5B	12.1B	15.9B	18.2B	23.1B	24.4B	36.7B	30.6B
Property, plant & equipment	1.7B	1.7B	1.7B	2.3B	2.8B	3.1B	4.1B	5.8B	17.3B	8.2B
Goodwill & intangibles	12.4B	11.4B	11.3B	11.3B	11.4B	11B	10.8B	10.7B	12.5B	10.3B
Total assets	17.2B	18.2B	20.1B	22.6B	27.3B	30.2B	36.3B	40B	58.1B	50.6B
Accounts payable	593.2M	837.3M	964M	1.1B	1.4B	2.1B	2.6B	2.3B	4.2B	3.5B
Short-term debt	247.7M	25.2M	—	—	15.4M	509.1M	746.2M	100K	1.2B	1.7B
Total current liabilities	3.3B	3.2B	3.8B	4.7B	6.6B	12.3B	18B	16.3B	24B	24.3B
Long-term debt	3.1B	3B	3B	3.1B	4.7B	4.1B	3.5B	4.6B	4.4B	2.7B
Total liabilities	7.4B	7.4B	8.5B	10B	13.4B	20.1B	27.5B	26.5B	36B	31B
Shareholders' equity	9.8B	10.8B	11.6B	12.6B	13.9B	10.1B	8.8B	13.5B	22.1B	19.6B
Total debt	3.3B	3B	3B	3.1B	4.7B	4.6B	4.3B	4.6B	5.6B	4.4B
Net debt	412.6M	766.3M	-94.6M	-424M	-1.4B	-2.4B	-3B	-2.4B	-9.6B	-8.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	5B	7B	5.4B	5B	5.8B	15.2B	9.1B	7.2B	5.1B	13.3B	8.4B	7.6B
Receivables	3.9B	4.3B	3.6B	4.5B	6B	5.4B	4.6B	5B	5.4B	3B	4.4B	7.3B
Inventory	8.4B	8.9B	9.9B	11B	13.2B	13B	11B	11.6B	11.8B	11.4B	11.7B	11.7B
Total current assets	21.7B	24.4B	23.1B	24.5B	28.8B	36.7B	27.5B	26.7B	25.1B	30.6B	27.6B	29.5B
Property, plant & equipment	5.4B	5.8B	6.2B	6.4B	7.6B	17.3B	7.5B	7.7B	8B	8.2B	8.1B	8.1B
Goodwill & intangibles	10.7B	10.7B	10.6B	10.6B	12.1B	12.5B	10.4B	10.3B	10.3B	10.3B	10.2B	10.4B
Total assets	37.5B	40B	39B	40.7B	48.3B	58.1B	45.5B	44.8B	45.1B	50.6B	48.1B	50.2B
Accounts payable	—	2.3B	—	—	—	4.2B	—	—	—	3.5B	—	—
Short-term debt	—	100K	—	—	—	1.2B	—	—	—	1.7B	—	—
Total current liabilities	16.3B	16.3B	15B	16.1B	18.5B	24B	18.1B	18.6B	19.2B	24.3B	20.3B	22.2B
Long-term debt	4.5B	4.6B	4.6B	4.6B	5.4B	4.4B	3.7B	3.7B	2.7B	2.7B	2.7B	2B
Total liabilities	25.5B	26.5B	25.2B	26B	29.6B	36B	28B	27.2B	19.2B	24.3B	20.3B	22.2B
Shareholders' equity	12B	13.5B	13.8B	14.7B	18.7B	22.1B	17.5B	17.6B	19B	19.6B	20.8B	21.8B
Total debt	4.5B	4.6B	4.6B	4.6B	5.4B	5.6B	3.7B	3.7B	2.7B	4.4B	2.7B	2B
Net debt	-453.2M	-2.4B	-488.8M	-205.4M	-332.1M	-9.6B	-5.4B	-3.5B	-2.4B	-8.5B	-5.3B	-4.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.6B	2.1B	2.6B	2.6B	3.6B	5.9B	5.6B	7.8B	9.1B	9.6B
Depreciation & amortization	356.9M	417.5M	422.7M	448.5M	490.8M	471M	583.6M	739.8M	1.1B	1B
Stock-based compensation	47.7M	53.1M	46.3M	74.6M	53.9M	117.5M	68.9M	134.8M	206.3M	202.3M
Change in working capital	-367.9M	-969.8M	-285.9M	29.5M	484.1M	4.5B	2B	-3.9B	1.7B	1.3B
Operating cash flow	1.6B	1.6B	2.5B	2.9B	4.4B	10.6B	7.7B	4.7B	11.9B	12.3B
Capital expenditure	-316.3M	-338.9M	-574M	-766.6M	-962M	-900.7M	-1.3B	-2.2B	-2.5B	—
Investing cash flow	-3.2B	-1.2B	-456M	-1B	-1.3B	-32.4M	-991.4M	-2.6B	-3.1B	-2.1B
Dividends paid	-445.9M	-516.7M	-597.1M	-1.3B	-1.1B	-1.4B	-2.6B	-2.3B	-2.9B	-2.6B
Share repurchases	-400M	-500M	-1.1B	-410M	-1.2B	-8.6B	-4.6B	-1B	-597.7M	-6B
Financing cash flow	2B	-1.2B	-1.7B	-1.7B	-753M	-9.9B	-7.1B	-3B	-3.4B	-8.7B
Net change in cash	391.6M	-859.9M	355.9M	157.6M	2.3B	672.8M	-415.7M	-958.2M	5.4B	1.5B
Free cash flow	1.3B	1.5B	2.5B	2.4B	3.6B	9.9B	7.2B	3.2B	10.9B	11B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	1.9B	1.9B	2B	1.2B	1.6B	2.4B	3.2B	2.4B	2.7B	2.1B	2.8B	2.8B
Depreciation & amortization	181.2M	176.2M	212.1M	214.4M	227.5M	272.6M	288.1M	241.3M	375.4M	274.6M	255.2M	259.4M
Stock-based compensation	33.4M	41.5M	41.6M	19.8M	46.5M	61.6M	63.4M	40M	35.1M	57.7M	55.6M	31.1M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	2.2B	2B	2.3B	1.5B	1.9B	2.6B	3.5B	2.7B	3.2B	559.1M	11.4B	-2.2B
Capital expenditure	-537.8M	-501.8M	-584M	-417.3M	-531M	-479.9M	-841.6M	-415M	-414.8M	—	—	—
Investing cash flow	-538.3M	-1.1B	-598.6M	-717.1M	-430.8M	-247.6M	-1.5B	-414.2M	-413.9M	-1.6B	674.1M	-65.3M
Dividends paid	-666.1M	-570.4M	-570.8M	-571M	-688.3M	-689.1M	-714.7M	-597.2M	-714.4M	-619.6M	-619.2M	-617M
Share repurchases	-492.6M	-111.1M	0	-385.1M	-114.9M	0	0	-2.6B	-1.5B	-172.2M	-1.7B	-1B
Financing cash flow	-136.5M	-1.4B	-545.1M	-927.4M	-772.3M	-653.5M	-678.3M	-3.2B	-2.2B	-741.5M	-1.5B	-1.6B
Net change in cash	1.5B	-516.7M	1.1B	-189.2M	649.6M	1.7B	1.4B	-850.2M	631.7M	-1.8B	10.5B	-3.8B
Free cash flow	-159.7M	618M	2.6B	-675.7M	385.4M	617.7M	10.6B	-475.1M	357.7M	243.7M	10.9B	-2.6B

Nov 29, 2012	77:100
Oct 1, 2007	8:9
Apr 17, 2000	3:1
May 8, 1998	2:1
May 12, 1997	2:1

ASML Holding N.V. NY Registered Shares Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement