Amdocs Ltd. (DOX) 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 %
Q1 27	$1.84	$1.84	0.0%	—	—	—
Q4 26	$1.76	$1.78	+1.1%	—	—	—
Q3 26	$1.76	$1.81	+2.8%	—	—	—
Q2 26	$1.82	$1.83	+0.5%	—	—	—
Q1 26	$1.71	$1.72	+0.6%	—	—	—
Q4 25	$1.7	$1.78	+4.7%	—	—	—
Q3 25	$1.64	$1.66	+1.2%	—	—	—
Q2 25	$1.7	$1.7	0.0%	—	—	—
Q1 25	$1.6	$1.62	+1.3%	—	—	—
Q4 24	$1.57	$1.56	-0.6%	—	—	—
Q3 24	$1.56	$1.56	0.0%	—	—	—
Q2 24	$1.42	$1.42	0.0%	—	—	—
Q1 24	$1.48	$1.57	+6.1%	—	—	—
Q4 23	$1.47	$1.47	0.0%	—	—	—
Q3 23	$1.32	$1.45	+9.8%	—	—	—
Q2 23	$1.29	$1.29	0.0%	—	—	—

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	—	$5.08	—	—	$4.5B	—
FY24	—	$4.27	—	—	$5B	—
FY23	—	$4.52	—	—	$4.9B	—
FY22	—	$4.47	—	—	$4.6B

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	$3.7B	$3.9B	$4B	$4.1B	$4.2B	$4.3B	$4.6B	$4.9B	$5B	$4.5B
YoY change	+2.05%	+4.01%	+2.78%	+2.81%	+2.02%	+2.87%	+6.72%	+6.79%	+2.4%	-9.43%

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	3.7B	3.9B	4B	4.1B	4.2B	4.3B	4.6B	4.9B	5B	4.5B
Cost of revenue	2.4B	2.5B	2.6B	2.7B	2.8B	2.8B	3B	3.2B	3.2B	2.8B
Gross profit	1.3B	1.4B	1.4B	1.4B	1.4B	1.5B	1.6B	1.7B	1.8B	1.7B
Gross margin	35.2%	35.2%	34.7%	35.1%	33.9%	34.5%	35.4%	35.3%	35.1%	38%
Research & development	252.3M	259.1M	276.6M	273.9M	282M	312.9M	354.7M	374.9M	360.8M	340.8M
Selling, general & administrative	464.9M	472.8M	481.1M	492.5M	458.5M	487.3M	528.6M	570.7M	572.8M	506.1M
Operating expenses	717.2M	731.9M	757.7M	766.4M	740.6M	800.2M	883.3M	945.6M	933.6M	847M
Operating income	483.1M	517.3M	513.4M	569.7M	594.8M	598.7M	664.8M	724.9M	759.7M	812.2M
Operating margin	13%	13.4%	12.9%	13.9%	14.3%	14%	14.5%	14.8%	15.2%	17.9%
Non-operating income, net	-2M	-8.2M	-95.7M	-4.2M	-5.2M	232.1M	-7.3M	-86.7M	-151.2M	-85.7M
Pretax income	484.7M	512.9M	421.5M	567.9M	583.3M	814.3M	648.4M	636.4M	591.1M	693.2M
Income tax	75.4M	76.1M	67.1M	88.4M	85.5M	125.9M	98.9M	93.4M	94.8M	125.5M
Net income	409.3M	436.8M	354.4M	479.4M	497.8M	688.4M	549.5M	543M	496.3M	567.8M
Net margin	11%	11.3%	8.92%	11.7%	11.9%	16.1%	12%	11.1%	9.92%	12.5%
EBITDA	700.2M	737.6M	726.8M	785.4M	795.5M	819.1M	896.6M	938.1M	963.3M	1B
EPS	2.74	2.99	2.49	3.49	3.73	5.36	4.47	4.52	4.27	5.08
Diluted EPS	2.71	2.96	2.47	3.47	3.71	5.32	4.44	4.49	4.25	5.05

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	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	1.2B	1.2B	1.2B	1.3B	1.3B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B
Cost of revenue	803.6M	812.7M	802M	810M	824.9M	682.3M	698M	711.1M	719.9M	727.7M	716.7M	707.7M
Gross profit	439M	432.5M	443.9M	440.1M	439M	427.8M	430.2M	433.3M	430.3M	428.2M	455.2M	467.2M
Gross margin	35.3%	34.7%	35.6%	35.2%	34.7%	38.5%	38.1%	37.9%	37.4%	37%	38.8%	39.8%
Research & development	97.7M	89.2M	91.2M	90.4M	90.1M	84.3M	81.8M	86.9M	87.9M	82M	87M	86.4M
Selling, general & administrative	140.4M	142.5M	147.6M	144M	138.7M	122.1M	134.6M	127.6M	121.8M	113.7M	153.7M	149.3M
Operating expenses	238.1M	231.7M	238.8M	234.4M	228.8M	206.4M	216.4M	214.4M	209.7M	195.7M	240.7M	235.6M
Operating income	185.3M	184.3M	188.9M	190.6M	195.9M	205.6M	197.7M	202.5M	206.4M	218M	193.3M	211M
Operating margin	14.9%	14.8%	15.2%	15.2%	15.5%	18.5%	17.5%	17.7%	17.9%	18.9%	16.5%	18%
Non-operating income, net	-62.1M	—	-33.2M	-14.7M	-103.3M	-6.8M	—	—	-78.9M	-11.3M	-10.4M	-106.4M
Pretax income	133.6M	174.6M	144.1M	169M	103.4M	192.4M	189.3M	190.8M	120.8M	195.4M	176.9M	90.5M
Income tax	31M	25.8M	24.7M	28M	16.3M	40.6M	25.3M	36M	23.7M	37M	38.1M	27.3M
Net income	102.7M	148.7M	119.4M	141M	87.2M	151.9M	164M	154.8M	97.1M	158.5M	138.8M	63.2M
Net margin	8.26%	11.9%	9.59%	11.3%	6.9%	13.7%	14.5%	13.5%	8.44%	13.7%	11.8%	5.38%
EBITDA	225.6M	230.2M	240.9M	251.2M	207.9M	252M	243.6M	250.5M	269.3M	268.7M	246.3M	263.4M
EPS	0.86	1.27	1.02	1.22	0.76	1.34	1.46	1.39	0.88	1.46	1.29	0.59
Diluted EPS	0.86	1.26	1.01	1.21	0.76	1.33	1.45	1.39	0.88	1.45	1.28	0.59

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	8.6B	9.4B	9.4B	9.1B	7.7B	9.7B	9.8B	10.1B	10.1B	9.1B	6B
Enterprise value	7.7B	8.4B	8.9B	8.6B	7.7B	9.6B	9.8B	10.2B	10.4B	9.6B	6.9B
Shares outstanding	149.2M	146M	142.4M	137.4M	133.6M	128.5M	122.8M	119.7M	115.5M	111.1M	111.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21.1	21.5	26.5	18.9	15.4	14.1	17.8	18.6	20.4	16.1	13.6
P/S	2.32	2.43	2.36	2.22	1.84	2.27	2.13	2.07	2.02	2.01	1.29
P/B	2.5	2.63	2.69	2.56	2.09	2.68	2.74	2.84	2.89	2.63	1.82
EV/EBITDA	11	11.4	12.2	11	9.7	11.8	10.9	10.8	10.8	9.45	6.71
EV/Sales	2.08	2.18	2.23	2.11	1.85	2.25	2.13	2.08	2.07	2.12	1.49
Earnings yield	4.74%	4.65%	3.77%	5.28%	6.49%	7.08%	5.63%	5.37%	4.91%	6.23%	7.33%
FCF yield	5.68%	5.35%	3.47%	5.82%	5.9%	7.35%	5.43%	6.91%	6.13%	7.07%	11.5%
PEG	—	—	—	—	—	—	—	—	—	—	-0.24

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.2%	35.2%	34.7%	35.1%	33.9%	34.5%	35.4%	35.3%	35.1%	38%	39.8%
Operating margin	13%	13.4%	12.9%	13.9%	14.3%	14%	14.5%	14.8%	15.2%	17.9%	18%
Net margin	11%	11.3%	8.92%	11.7%	11.9%	16.1%	12%	11.1%	9.92%	12.5%	9.75%
ROE	11.9%	12.2%	10.1%	13.5%	13.6%	18.9%	15.4%	15.2%	14.2%	16.4%	13.3%
ROA	7.68%	8.27%	6.63%	9.06%	7.85%	10.6%	8.6%	8.45%	7.77%	9.08%	8.12%
ROIC	16%	17%	14.5%	15.7%	13.7%	14.3%	15.8%	17%	16.9%	16.7%	15.4%
Return on tangible assets	118.6%	90.6%	-489%	-1.1K%	84.1%	92%	77.6%	96.2%	132.4%	364.2%	-1.5K%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.54	1.75	1.33	1.39	1.71	1.59	1.6	1.41	1.2	1.17	0.94
Quick ratio	1.54	1.75	1.33	1.39	1.71	1.59	1.6	1.41	1.2	1.17	0.94
Debt / equity	0.06	—	—	0	0.28	0.24	0.23	0.23	0.23	0.24	0.33
Debt / assets	0.04	—	—	0	0.16	0.14	0.13	0.13	0.12	0.13	0.17
Net debt / EBITDA	-1.28	—	—	-0.6	0.06	-0.1	0.01	0.07	0.29	0.49	0.84
Interest coverage	291.8	321.6	153.5	146.2	56.9	39.3	39.3	28.6	17.9	17.3	13.4
Effective tax rate	15.5%	14.8%	15.9%	15.6%	14.7%	15.5%	15.3%	14.7%	16%	18.1%	21.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	24.9	26.5	27.9	29.7	31.2	33.4	37.3	40.8	43.3	40.8	43.3
EPS (basic)	2.74	2.99	2.49	3.49	3.73	5.36	4.47	4.52	4.27	5.08	5.08
EPS (diluted)	2.71	2.96	2.47	3.47	3.71	5.32	4.44	4.49	4.25	5.05	4.21
Book value per share	23.2	24.5	24.5	25.8	27.4	28.3	29	29.8	30.3	31.2	31.5
FCF per share	3.29	3.44	2.29	3.84	3.39	5.57	4.31	5.83	5.36	5.8	6.04
Cash per share	7.35	6.71	3.65	3.43	7.37	7.51	6.66	6.2	4.45	2.92	1.98
Capex per share	0.87	0.91	1.62	0.93	1.54	1.64	1.85	1.04	0.91	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.5%	3.45%	5.82%	3.13%	4.93%	4.91%	4.96%	2.54%	2.11%	—	—
Capex / operating cash flow	20.7%	20.7%	38.2%	20.5%	30.3%	18.4%	30.2%	15.1%	13.6%	—	—
Payout ratio	26.7%	27.8%	37.9%	30.8%	33%	25.8%	33.9%	36.7%	42.7%	39.5%	52.1%
Dividend yield	1.27%	1.29%	1.43%	1.62%	2.14%	1.82%	1.91%	1.97%	2.1%	2.46%	3.96%

Yield

3.96%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.569

ex-dividend Sep 30, 2026

Payout ratio

52%

of earnings

Dividend growth

13 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 30, 2026upcoming	$0.569
Jun 30, 2026	$0.569
Mar 31, 2026	$0.569

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$1.2B	$1.2B	$1.2B	$1.3B	$1.3B	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.2B	$1.2B
YoY change	+6.52%	+5.02%	+1.84%	+1.14%	+1.72%	-10.9%	-9.44%	-8.45%	-8.99%	+4.13%	+3.88%	+2.66%

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	1.1B	979.6M	519.2M	471.6M	983.9M	965.6M	818M	742.5M	514.3M	325M
Receivables	684.4M	635.4M	707.5M	760.8M	685.5M	704.5M	789.6M	733M	665.7M	589.8M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	2.1B	2B	1.7B	1.7B	2.1B	2.1B	2B	1.9B	1.8B	1.6B
Property, plant & equipment	331.7M	355.7M	398.8M	415.9M	726.2M	640.7M	579.1M	541.2M	491.1M	536.6M
Goodwill & intangibles	5B	4.8B	5.4B	5.3B	5.7B	5.8B	5.7B	5.9B	6B	6.1B
Total assets	5.3B	5.3B	5.3B	5.3B	6.3B	6.5B	6.4B	6.4B	6.4B	6.2B
Accounts payable	136.7M	126.4M	194.7M	176.5M	110.1M	121.2M	134.4M	293.3M	305.9M	371.2M
Short-term debt	200M	—	—	—	159.1M	58.7M	43.3M	40M	40M	38.7M
Total current liabilities	1.4B	1.2B	1.3B	1.2B	1.2B	1.3B	1.3B	1.4B	1.5B	1.4B
Long-term debt	—	—	—	0	874.1M	822.5M	783.5M	767.4M	749.8M	787.7M
Total liabilities	1.9B	1.7B	1.9B	1.8B	2.7B	2.9B	2.8B	2.9B	2.9B	2.8B
Shareholders' equity	3.5B	3.6B	3.5B	3.5B	3.7B	3.6B	3.6B	3.6B	3.5B	3.5B
Total debt	200M	—	—	0	1B	881.2M	826.8M	807.3M	789.7M	826.4M
Net debt	-568.7M	—	—	-471.6M	50M	172.1M	253.5M	287.2M	443.7M	501.4M

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	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	742.5M	600.9M	544.4M	502.2M	514.3M	349M	323.7M	342.5M	325M	247.9M	214.5M	206.5M
Receivables	733M	747.4M	709.7M	680.2M	665.7M	990.9M	957.9M	956.6M	589.8M	962.8M	938.2M	1B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.9B	1.8B	1.8B	1.8B	1.8B	1.6B	1.6B	1.7B	1.6B	1.5B	1.5B	1.6B
Property, plant & equipment	541.2M	939.8M	928.9M	921M	491.1M	889.9M	874.8M	961.3M	536.6M	923.8M	918.4M	901.7M
Goodwill & intangibles	5.9B	6.1B	6B	6B	6B	6.1B	6.1B	6.1B	6.1B	6.5B	6.5B	6.4B
Total assets	6.4B	6.5B	6.4B	6.4B	6.4B	6.3B	6.2B	6.3B	6.2B	6.3B	6.4B	6.4B
Accounts payable	293.3M	278.6M	312M	338.2M	305.9M	320.8M	346.2M	407.1M	371.2M	374.9M	344.1M	1.2B
Short-term debt	40M	41.4M	39.5M	40.1M	40M	38.6M	38.8M	39.8M	38.7M	167.8M	286M	314.7M
Total current liabilities	1.4B	1.4B	1.4B	1.4B	1.5B	1.4B	1.3B	1.4B	1.4B	1.5B	1.5B	1.7B
Long-term debt	767.4M	763M	763.8M	758.9M	749.8M	755.2M	748.9M	798.9M	787.7M	784.6M	781.8M	772.3M
Total liabilities	2.9B	2.9B	2.8B	2.8B	2.9B	2.8B	2.7B	2.8B	2.8B	2.9B	2.9B	3.1B
Shareholders' equity	3.6B	3.6B	3.6B	3.5B	3.5B	3.5B	3.5B	3.5B	3.5B	3.5B	3.4B	3.3B
Total debt	807.3M	804.4M	803.3M	798.9M	789.7M	793.8M	787.7M	838.6M	826.4M	952.4M	1.1B	1.1B
Net debt	287.2M	421.5M	460.4M	481M	443.7M	580M	540.3M	571.3M	501.4M	704.5M	853.3M	880.6M

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	409.3M	436.8M	354.4M	479.4M	497.8M	688.4M	549.5M	543M	496.3M	567.8M
Depreciation & amortization	211.8M	214.9M	211.2M	205.8M	198.4M	208.8M	224.5M	195.7M	193.1M	195.4M
Stock-based compensation	42.7M	44.5M	47.5M	38.5M	42.4M	54.2M	71.8M	89.7M	104.5M	104.9M
Change in working capital	-33.7M	-57.9M	-32.5M	-86.1M	-90.8M	239.3M	-91.2M	54.8M	25.7M	-73.2M
Operating cash flow	627.8M	644.9M	605.7M	623.7M	678.2M	1.1B	751.9M	823.6M	774.6M	749.1M
Capital expenditure	-130.1M	-133.4M	-231.1M	-128.1M	-205.5M	-210.4M	-227.2M	-124.4M	-105.5M	—
Investing cash flow	-440.9M	-185.3M	-362.4M	-86.8M	-461.7M	-329M	-262.5M	-224.5M	-127.4M	101.9M
Dividends paid	-109.3M	-121.5M	-134.3M	-147.6M	-164.1M	-177.5M	-186.1M	-199.5M	-212M	-224.4M
Share repurchases	-413.4M	-340.6M	-419.2M	-398.1M	-360.9M	-680M	-508.5M	-489.5M	-563.1M	-551.3M
Financing cash flow	-555.9M	-857.4M	-507M	-558.3M	317.3M	-960M	-712.8M	-700.1M	-798M	-789.4M
Net change in cash	-369M	-397.8M	-263.7M	-21.3M	533.8M	-148.3M	-223.5M	-101M	-150.8M	61.6M
Free cash flow	490.1M	502.7M	326.1M	528.3M	452.6M	715.4M	529.5M	698.3M	618.9M	645.1M

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	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	—	—	—	—	—	—	—	—	97.1M	158.5M	138.8M	63.2M
Depreciation & amortization	—	—	—	—	—	—	—	—	53M	50.7M	53M	52.4M
Stock-based compensation	—	—	—	—	—	—	—	—	26.7M	24.1M	38M	21.6M
Change in working capital	—	—	—	—	—	—	—	—	22.4M	-37.9M	-99.7M	48.4M
Operating cash flow	—	—	—	—	—	—	—	—	229.8M	220.2M	101.6M	197.2M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	51.8M	-192.6M	-13.2M	2M
Dividends paid	—	—	—	—	—	—	—	—	-58M	-57.2M	-56.7M	-60.4M
Share repurchases	—	—	—	—	—	—	—	—	-136.4M	-146.2M	-138.3M	-142.6M
Financing cash flow	—	—	—	—	—	—	—	—	-195.9M	-74.1M	-102M	-185.6M
Net change in cash	—	—	—	—	—	—	—	—	85.7M	-46.6M	-13.6M	13.7M
Free cash flow	245.8M	138.6M	113.1M	175.1M	192.1M	78.2M	156.5M	211.8M	198.6M	187.9M	80.3M	171.9M

Amdocs Ltd. 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

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