Electronic Arts Inc. (EA) 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	$0.87	$1.56	+79.3%	—	$2B	—
Q4 26	$2.36	$1.59	-32.6%	—	$2.1B	—
Q3 26	$1.48	$0.35	-76.4%	—	$1.9B	—
Q2 26	$0.35	$0.54	+54.3%	—	$1.8B	—
Q1 26	$0.13	$0.25	+92.3%	—	$1.7B	—
Q4 25	$1.08	$1.58	+46.3%	—	$1.9B	—
Q3 25	$3.07	$2.83	-7.8%	—	$1.9B	—
Q2 25	$0.89	$1.11	+24.7%	—	$2B	—
Q1 25	$0.42	$0.52	+23.8%	—	$1.7B	—
Q4 24	$1.52	$1.18	-22.4%	—	$1.8B	—
Q3 24	$0.88	$1.07	+21.6%	—	$1.9B	—
Q2 24	$1.25	$1.46	+16.8%	—	$1.9B	—
Q1 24	$1.02	$1.14	+11.8%	—	$1.9B	—
Q4 23	$1.31	$1.78	+35.9%	—	$1.9B	—
Q3 23	$3.05	$2.8	-8.2%	—	$1.9B	—
Q2 23	$1.37	$1.45	+5.8%	—	$1.9B	—

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 %
FY26	—	$3.55	—	—	$7.5B	—
FY25	—	$4.28	—	—	$7.5B	—
FY24	—	$4.71	—	—	$7.6B	—
FY23	—	$2.9	—	—	$7.4B

Total revenue

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

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$4.8B	$5.2B	$5B	$5.5B	$5.6B	$7B	$7.4B	$7.6B	$7.5B	$7.5B
YoY change	+10.2%	+6.3%	-3.88%	+11.9%	+1.66%	+24.2%	+6.22%	+1.83%	-1.31%	+0.91%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4.8B	5.2B	5B	5.5B	5.6B	7B	7.4B	7.6B	7.5B	7.5B
Cost of revenue	1.3B	1.3B	1.3B	1.4B	1.5B	1.9B	1.8B	1.7B	1.5B	1.6B
Gross profit	3.5B	3.9B	3.6B	4.2B	4.1B	5.1B	5.6B	5.9B	5.9B	5.9B
Gross margin	73.2%	75.2%	73.3%	75.3%	73.5%	73.4%	75.9%	77.4%	79.3%	79%
Research & development	1.2B	1.3B	1.4B	1.6B	1.8B	2.2B	2.3B	2.4B	2.6B	2.8B
Selling, general & administrative	1.1B	1.1B	1.2B	1.1B	1.3B	1.6B	1.7B	1.7B	1.7B	1.9B
Operating expenses	2.3B	2.4B	2.6B	2.7B	3.1B	3.8B	4B	4.1B	4.3B	4.7B
Operating income	1.2B	1.4B	1B	1.4B	1B	1.1B	1.4B	1.6B	1.6B	1.2B
Operating margin	25.3%	27.8%	20.4%	26.2%	18.6%	16.1%	19.4%	20.9%	21.1%	15.4%
Non-operating income, net	8M	9M	26M	2M	-8M	6M	-108M	-59M	-39M	1M
Pretax income	1.2B	1.4B	1.1B	1.5B	1B	1.1B	1.3B	1.6B	1.6B	1.2B
Income tax	243M	406M	60M	-1.5B	180M	292M	524M	316M	484M	293M
Net income	967M	1B	1B	3B	837M	789M	802M	1.3B	1.1B	887M
Net margin	20%	20.3%	20.6%	54.9%	14.9%	11.3%	10.8%	16.8%	15%	11.8%
EBITDA	1.4B	1.6B	1.2B	1.7B	1.3B	1.6B	2B	2.1B	2.1B	1.6B
EPS	3.19	3.39	3.36	10.4	2.9	2.78	2.9	4.71	4.28	3.55
Diluted EPS	3.08	3.34	3.33	10.3	2.87	2.76	2.88	4.68	4.25	3.51

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	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	1.9B	1.9B	1.8B	1.7B	2B	1.9B	1.9B	1.7B	1.8B	1.9B	2.1B	2B
Cost of revenue	456M	529M	357M	263M	456M	456M	368M	279M	443M	498M	364M	274M
Gross profit	1.5B	1.4B	1.4B	1.4B	1.6B	1.4B	1.5B	1.4B	1.4B	1.4B	1.8B	1.7B
Gross margin	76.2%	72.8%	79.9%	84.2%	77.5%	75.8%	80.6%	83.3%	75.9%	73.8%	82.8%	86.2%
Research & development	602M	584M	638M	629M	648M	606M	686M	706M	686M	704M	732M	743M
Selling, general & administrative	453M	446M	419M	385M	469M	427M	426M	398M	493M	555M	445M	444M
Operating expenses	1.1B	1B	1.1B	1B	1.1B	1B	1.1B	1.1B	1.2B	1.3B	1.2B	1.2B
Operating income	379M	365M	293M	366M	435M	378M	398M	271M	200M	127M	564M	513M
Operating margin	19.8%	18.8%	16.5%	22%	21.5%	20.1%	21%	16.2%	10.9%	6.68%	26.6%	25.8%
Non-operating income, net	26M	—	-56M	-2M	-22M	-1M	15M	—	12M	—	—	—
Pretax income	391M	382M	260M	394M	399M	405M	407M	273M	197M	131M	579M	530M
Income tax	-8M	92M	78M	114M	105M	112M	153M	72M	60M	43M	118M	133M
Net income	399M	290M	182M	280M	294M	293M	254M	201M	137M	88M	461M	397M
Net margin	20.8%	14.9%	10.2%	16.9%	14.5%	15.6%	13.4%	12%	7.45%	4.63%	21.7%	20%
EBITDA	492M	479M	481M	448M	586M	496M	488M	350M	293M	224M	670M	608M
EPS	1.47	1.08	0.68	1.05	1.11	1.12	0.99	0.8	0.55	0.35	1.84	1.58
Diluted EPS	1.47	1.07	0.67	1.04	1.11	1.11	0.98	0.79	0.54	0.35	1.81	1.56

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	27.1B	37.3B	30.8B	29.3B	39.1B	35.9B	33.4B	35.8B	37.9B	51B	52.9B
Enterprise value	23.6B	33B	26.3B	24.7B	34.7B	34.8B	32.5B	34.5B	37.6B	49.5B	52.4B
Shares outstanding	303M	308M	303M	293M	289M	284M	277M	270M	262M	250M	250M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	28.1	35.8	30.2	9.66	46.7	45.5	41.6	28.1	33.8	57.5	59.7
P/S	5.6	7.25	6.22	5.3	6.95	5.14	4.49	4.74	5.07	6.77	6.75
P/B	6.68	8.13	5.78	3.93	4.99	4.71	4.57	4.77	5.93	7.54	7.77
EV/EBITDA	16.6	20.3	21.2	14.5	27.7	21.4	16	16.3	18.2	31.9	30.4
EV/Sales	4.87	6.41	5.32	4.46	6.17	4.98	4.38	4.56	5.03	6.58	6.68
Earnings yield	3.57%	2.79%	3.31%	10.4%	2.14%	2.2%	2.4%	3.55%	2.96%	1.74%	1.67%
FCF yield	5.36%	4.24%	4.64%	5.65%	4.63%	4.76%	4.03%	5.91%	4.91%	4.56%	3.2%
PEG	—	—	—	—	—	—	—	—	—	—	0.61

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	73.2%	75.2%	73.3%	75.3%	73.5%	73.4%	75.9%	77.4%	79.3%	79%	86.2%
Operating margin	25.3%	27.8%	20.4%	26.2%	18.6%	16.1%	19.4%	20.9%	21.1%	15.4%	25.9%
Net margin	20%	20.3%	20.6%	54.9%	14.9%	11.3%	10.8%	16.8%	15%	11.8%	13.8%
ROE	23.8%	22.7%	19.1%	40.7%	10.7%	10.3%	11%	16.9%	17.6%	13.1%	16.5%
ROA	12.5%	12.2%	11.4%	27.3%	6.3%	5.72%	5.96%	9.49%	9.06%	6.76%	7.23%
ROIC	188.8%	403.2%	108.4%	52%	25.1%	12.6%	13.5%	20.4%	18.1%	16.4%	17%
Return on tangible assets	22.6%	22.3%	20.4%	42%	12.1%	71.6%	54.8%	68.4%	108.8%	45.1%	74.1%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.15	2.41	2.82	2.45	2.43	1.18	1.21	1.37	0.95	1.05	1.21
Quick ratio	2.15	2.41	2.82	2.45	2.43	1.18	1.21	1.37	0.95	1.05	1.21
Debt / equity	0.24	0.22	0.19	0.14	0.25	0.26	0.27	0.26	0.31	0.23	0.26
Debt / assets	0.13	0.12	0.11	0.1	0.15	0.14	0.14	0.15	0.16	0.12	0.12
Net debt / EBITDA	-2.49	-2.67	-3.59	-2.75	-3.52	-0.68	-0.4	-0.62	-0.14	-0.92	-0.48
Interest coverage	27.9	35.5	26.1	35.3	23.6	19.6	23.9	28.4	28.7	23.3	36.9
Effective tax rate	20.1%	28%	5.56%	0%	17.7%	27%	39.5%	19.9%	30.2%	24.8%	24.6%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	16	16.7	16.3	18.9	19.5	24.6	26.8	28	28.5	30.1	31.4
EPS (basic)	3.19	3.39	3.36	10.4	2.9	2.78	2.9	4.71	4.28	3.55	3.55
EPS (diluted)	3.08	3.34	3.33	10.3	2.87	2.76	2.88	4.68	4.25	3.51	3.51
Book value per share	13.4	14.9	17.6	25.5	27.1	26.8	26.3	27.8	24.4	27.1	27
FCF per share	4.8	5.15	4.71	5.66	6.26	6.02	4.85	7.84	7.09	9.29	8.11
Cash per share	15	17.3	18	19.6	22	10.8	9.99	12.1	8.58	11.9	9.53
Capex per share	—	—	—	—	—	—	—	—	—	0.92	0.92

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	3.05%	2.98%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	9.01%	10.2%
Payout ratio	—	—	0%	0%	11.7%	24.5%	26.2%	16.1%	17.8%	21.5%	17.8%
Dividend yield	—	—	0%	0%	0.25%	0.54%	0.63%	0.57%	0.53%	0.37%	0.36%

Yield

0.36%

trailing twelve months

Frequency

—

Last dividend

$0.19

ex-dividend May 27, 2026

Payout ratio

18%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
May 27, 2026	$0.19

Split history

Date	Ratio
Nov 18, 2003	2:1

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$1.9B	$1.9B	$1.8B	$1.7B	$2B	$1.9B	$1.9B	$1.7B	$1.8B	$1.9B	$2.1B	$2B
YoY change	+0.53%	+3.4%	-5.07%	-13.7%	+5.8%	-3.19%	+6.52%	+0.66%	-9.19%	+0.96%	+11.9%	+18.9%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	4.5B	5.3B	5.4B	5.7B	6.4B	3.1B	2.8B	3.3B	2.2B	3B
Receivables	359M	385M	623M	461M	521M	650M	684M	565M	679M	632M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	5.2B	6B	6.4B	6.5B	7.2B	4.2B	4B	4.2B	3.3B	4B
Property, plant & equipment	118M	117M	105M	109M	121M	175M	180M	202M	207M	220M
Goodwill & intangibles	3.4B	3.9B	4B	3.9B	6.4B	12.7B	12B	11.6B	11.3B	11.2B
Total assets	7.7B	8.6B	9B	11.1B	13.3B	13.8B	13.5B	13.4B	12.4B	13.1B
Accounts payable	87M	48M	113M	68M	96M	101M	99M	110M	105M	128M
Short-term debt	—	—	—	668M	76M	81M	66M	66M	467M	63M
Total current liabilities	2.4B	2.5B	2.3B	2.7B	3B	3.5B	3.3B	3.1B	3.5B	3.8B
Long-term debt	990M	992M	994M	397M	1.9B	1.9B	1.9B	1.9B	1.5B	1.5B
Total liabilities	3.7B	4B	3.6B	3.7B	5.4B	6.2B	6.2B	5.9B	6B	6.4B
Shareholders' equity	4.1B	4.6B	5.3B	7.5B	7.8B	7.6B	7.3B	7.5B	6.4B	6.8B
Total debt	990M	992M	994M	1.1B	2B	2B	1.9B	1.9B	2B	1.5B
Net debt	-1.6B	-3.3B	-3.7B	-2.7B	-3.3B	-773M	-478M	-952M	-185M	-1.3B

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	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	2.3B	3.1B	3.3B	2.8B	2.6B	3.2B	2.2B	1.6B	1.3B	2.9B	3B	2.4B
Receivables	1B	867M	565M	433M	1B	742M	679M	533M	1.1B	829M	632M	524M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	3.8B	4.3B	4.2B	3.6B	4B	4.3B	3.3B	2.5B	2.7B	4.1B	4B	3.4B
Property, plant & equipment	171M	184M	202M	183M	200M	195M	207M	202M	188M	207M	220M	218M
Goodwill & intangibles	11.8B	11.8B	11.6B	11.5B	11.5B	11.4B	11.3B	11.3B	11.3B	11.2B	11.2B	11.1B
Total assets	13.1B	13.6B	13.4B	12.7B	13.1B	13.5B	12.4B	11.7B	11.9B	13.3B	13.1B	12.6B
Accounts payable	152M	62M	110M	80M	171M	81M	105M	92M	175M	76M	128M	88M
Short-term debt	70M	71M	66M	71M	69M	66M	467M	469M	466M	465M	63M	62M
Total current liabilities	2.8B	3.3B	3.1B	2.5B	2.8B	3.1B	3.5B	3B	3.2B	4.4B	3.8B	2.8B
Long-term debt	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B
Total liabilities	5.6B	6.1B	5.9B	5.3B	5.7B	6B	6B	5.6B	5.9B	7.1B	6.4B	5.5B
Shareholders' equity	7.6B	7.5B	7.5B	7.4B	7.4B	7.4B	6.4B	6.1B	6B	6.2B	6.8B	7.1B
Total debt	2B	2B	1.9B	2B	2B	1.9B	2B	2B	2B	1.9B	1.5B	1.5B
Net debt	5M	-790M	-952M	-447M	-245M	-827M	-185M	435M	803M	-834M	-1.3B	-740M

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	967M	1B	1B	3B	837M	789M	802M	1.3B	1.1B	887M
Depreciation & amortization	172M	136M	145M	150M	181M	486M	536M	404M	356M	323M
Stock-based compensation	196M	242M	284M	347M	435M	528M	548M	584M	642M	656M
Change in working capital	53M	228M	82M	-1.9B	345M	-73M	-470M	256M	-40M	687M
Operating cash flow	1.4B	1.6B	1.5B	1.7B	1.8B	1.7B	1.4B	2.5B	2.1B	2.6B
Capital expenditure	—	—	—	—	—	—	—	—	—	-230M
Investing cash flow	-636M	729M	288M	-1.2B	-381M	-2.6B	-10M	-8M	258M	-276M
Dividends paid	—	—	0	0	-98M	-193M	-210M	-205M	-199M	-191M
Share repurchases	-508M	-601M	-1.2B	-1.2B	-729M	-1.3B	-1.3B	-1.3B	-2.5B	-769M
Financing cash flow	-729M	-643M	-1.3B	-1.4B	-15M	-1.6B	-1.6B	-1.6B	-2.9B	-1.6B
Net change in cash	23M	1.7B	579M	-897M	1.4B	-2.5B	-194M	885M	-526M	709M
Free cash flow	1.5B	1.6B	1.4B	1.7B	1.8B	1.7B	1.3B	2.1B	1.9B	2.3B

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 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	399M	290M	182M	280M	294M	293M	254M	201M	137M	88M	461M	397M
Depreciation & amortization	85M	82M	149M	80M	122M	75M	79M	79M	82M	79M	83M	77M
Stock-based compensation	155M	151M	148M	143M	174M	163M	162M	152M	174M	178M	152M	153M
Change in working capital	-362M	603M	184M	-236M	-356M	645M	54M	-415M	-263M	1.5B	-116M	-869M
Operating cash flow	277M	1.1B	663M	267M	234M	1.2B	549M	17M	130M	1.8B	580M	-242M
Capital expenditure	—	—	—	—	—	—	—	-72M	-43M	-54M	-61M	-76M
Investing cash flow	-12M	1M	2M	—	4M	-12M	268M	-89M	-68M	-57M	-62M	-77M
Dividends paid	-51M	-51M	-51M	-50M	-51M	-50M	-48M	-48M	-48M	-47M	-48M	-48M
Share repurchases	-325M	-325M	-325M	-375M	-375M	-383M	-1.4B	-375M	-394M	0	0	0
Financing cash flow	-351M	-431M	-360M	-546M	-444M	-504M	-1.4B	-568M	-474M	-136M	-35M	-252M
Net change in cash	-86M	696M	305M	-279M	-206M	660M	-594M	-640M	-412M	1.6B	483M	-571M
Free cash flow	61M	1.2B	529M	120M	184M	1.1B	495M	-55M	87M	1.8B	519M	-318M

Electronic Arts Inc. 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