NICE Ltd. Sponsored ADR (NICE) 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 %
Q4 26	$2.64	$2.7	+2.3%	—	—	—
Q3 26	$2.52	$2.64	+4.8%	—	—	—
Q2 26	$3.21	$3.24	+0.9%	—	—	—
Q1 26	$3.17	$3.18	+0.3%	—	—	—
Q4 25	$2.99	$3.01	+0.7%	—	—	—
Q3 25	$2.84	$2.87	+1.1%	—	—	—
Q2 25	$2.95	$3.02	+2.4%	—	—	—
Q1 25	$2.68	$2.88	+7.5%	—	—	—
Q4 24	$2.58	$2.64	+2.3%	—	—	—
Q3 24	$2.45	$2.58	+5.3%	—	—	—
Q2 24	$2.26	$2.36	+4.4%	—	—	—
Q1 24	$2.15	$2.27	+5.6%	—	—	—
Q4 23	$2.06	$2.13	+3.4%	—	—	—
Q3 23	$1.98	$2.03	+2.5%	—	—	—
Q2 23	$1.93	$2.04	+5.7%	—	—	—
Q1 23	$1.87	$1.92	+2.7%	—	—	—

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	—	$9.82	—	—	$2.9B	—
FY24	—	$6.97	—	—	$2.7B	—
FY23	—	$5.32	—	—	$2.4B	—
FY22	—	$4.17	—	—	$2.2B

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	$1B	$1.3B	$1.4B	$1.6B	$1.6B	$1.9B	$2.2B	$2.4B	$2.7B	$2.9B
YoY change	+9.57%	+31.2%	+8.43%	+8.96%	+4.71%	+16.6%	+13.5%	+9%	+15%	+7.68%

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	1B	1.3B	1.4B	1.6B	1.6B	1.9B	2.2B	2.4B	2.7B	2.9B
Cost of revenue	337.7M	468.7M	496.8M	531.8M	562M	624.5M	683.7M	768.2M	909.5M	989.3M
Gross profit	677.8M	863.5M	947.7M	1B	1.1B	1.3B	1.5B	1.6B	1.8B	2B
Gross margin	66.7%	64.8%	65.6%	66.2%	65.9%	67.5%	68.7%	67.7%	66.7%	66.4%
Research & development	141.5M	181.1M	183.8M	193.7M	218.2M	271.2M	306.1M	322.7M	360.6M	360.4M
Selling, general & administrative	384.9M	490.4M	566.3M	609.7M	625.8M	761.6M	856.4M	851.4M	919.2M	949.9M
Operating expenses	526.4M	671.5M	750.1M	803.4M	844M	1B	1.2B	1.2B	1.3B	1.3B
Operating income	134.2M	150.1M	197.6M	238.7M	242M	263.9M	335.2M	435.2M	546M	645.8M
Operating margin	13.2%	11.3%	13.7%	15.2%	14.7%	13.7%	15.4%	18.3%	20%	21.9%
Non-operating income, net	6.9M	222K	-392K	-1.9M	-199K	-17.9M	264K	-3.5M	-841K	7.7M
Pretax income	144.5M	129.7M	186.7M	234.3M	237.2M	240.6M	345.3M	457.7M	604.8M	704M
Income tax	21.4M	-13.6M	27.4M	48.4M	40.8M	41.4M	79.4M	119.4M	162.2M	91.9M
Net income	116.9M	143.3M	159.3M	185.9M	196.3M	199.2M	265.9M	338.3M	442.6M	612.1M
Net margin	11.5%	10.8%	11%	11.8%	11.9%	10.4%	12.2%	14.2%	16.2%	20.8%
EBITDA	216.8M	301.6M	362.3M	428.2M	436.7M	458.6M	527.1M	632.1M	810.5M	895.8M
EPS	1.96	2.37	2.6	2.99	3.13	3.15	4.17	5.32	6.97	9.82
Diluted EPS	1.92	2.31	2.52	2.88	2.98	2.98	4	5.11	6.76	9.67

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	601.3M	623.2M	659.3M	664.4M	690M	721.6M	700.2M	726.7M	732M	786.5M	768.6M	782.3M
Cost of revenue	191M	200.9M	222.7M	224.8M	229.7M	232.4M	232.1M	241.6M	242.9M	272.6M	273.8M	281.3M
Gross profit	410.4M	422.3M	436.6M	439.6M	460.3M	489.2M	468.1M	485.1M	489.1M	513.9M	494.8M	501M
Gross margin	68.2%	67.8%	66.2%	66.2%	66.7%	67.8%	66.9%	66.8%	66.8%	65.3%	64.4%	64%
Research & development	84.8M	81.1M	87.8M	86.5M	91.5M	94.8M	89.1M	89.8M	90.5M	91.1M	97.5M	102.8M
Selling, general & administrative	211.9M	218.5M	227.4M	224.3M	227.4M	240.1M	230.8M	234.8M	237.8M	246.5M	270.6M	294.2M
Operating expenses	296.7M	299.6M	315.2M	310.8M	318.9M	334.9M	319.9M	324.5M	328.3M	337.6M	368M	397M
Operating income	113.6M	122.7M	121.4M	128.8M	141.4M	154.3M	148.2M	160.6M	160.8M	176.2M	126.8M	104M
Operating margin	18.9%	19.7%	18.4%	19.4%	20.5%	21.4%	21.2%	22.1%	22%	22.4%	16.5%	13.3%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	120.7M	120M	135.4M	144.5M	153.7M	171.3M	164M	175.4M	181.9M	182.7M	146.1M	107.6M
Income tax	28.3M	38.4M	29.1M	28.7M	32.7M	71.7M	34.7M	-12M	37.1M	32.1M	99.3M	24.4M
Net income	92.4M	81.7M	106.4M	115.8M	120.9M	99.5M	129.3M	187.4M	144.9M	150.6M	46.8M	83.2M
Net margin	15.4%	13.1%	16.1%	17.4%	17.5%	13.8%	18.5%	25.8%	19.8%	19.1%	6.09%	10.6%
EBITDA	155.9M	190.1M	173.2M	180.3M	194.3M	262.1M	191.6M	205.2M	209.7M	238.3M	188.6M	166.4M
EPS	1.46	1.29	1.68	1.82	1.91	1.56	2.04	3.01	2.33	2.44	0.78	1.41
Diluted EPS	1.39	1.24	1.6	1.76	1.86	1.54	2.01	2.96	2.29	2.41	0.77	1.4

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	4.1B	5.6B	6.6B	9.6B	17.8B	19.2B	12.3B	12.7B	10.8B	7B	6.4B
Enterprise value	4.4B	5.6B	6.6B	9.8B	17.1B	18.7B	11.5B	12.1B	9.7B	6.7B	165.6B
Shares outstanding	59.7M	60.4M	61.4M	62.1M	62.7M	63.2M	63.8M	63.6M	63.5M	62.3M	62.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	35.1	38.8	41.7	51.8	90.6	96.3	46.1	37.5	24.4	11.5	16.1
P/S	4.04	4.17	4.6	6.12	10.8	9.99	5.62	5.34	3.94	2.39	2.11
P/B	2.71	3.18	3.29	4.27	6.87	6.76	4.01	3.78	2.99	1.82	43.2
EV/EBITDA	20.2	18.6	18.3	22.9	39.2	40.7	21.8	19.1	12	7.5	203
EV/Sales	4.31	4.21	4.58	6.22	10.4	9.73	5.26	5.07	3.55	2.28	54
Earnings yield	2.85%	2.58%	2.4%	1.93%	1.1%	1.04%	2.17%	2.67%	4.1%	8.69%	6.19%
FCF yield	4.69%	5.88%	5.01%	3.24%	2.35%	2.06%	3.24%	3.76%	6.8%	8.84%	9.65%
PEG	—	—	—	—	—	—	—	—	—	—	-0.3

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	66.7%	64.8%	65.6%	66.2%	65.9%	67.5%	68.7%	67.7%	66.7%	66.4%	64%
Operating margin	13.2%	11.3%	13.7%	15.2%	14.7%	13.7%	15.4%	18.3%	20%	21.9%	13.8%
Net margin	11.5%	10.8%	11%	11.8%	11.9%	10.4%	12.2%	14.2%	16.2%	20.8%	13.9%
ROE	7.74%	8.19%	7.9%	8.24%	7.59%	7.02%	8.7%	10.1%	12.3%	15.8%	11.3%
ROA	4.44%	5.04%	4.97%	5.15%	4.64%	4.23%	5.48%	6.61%	8.36%	12%	6.96%
ROIC	6.39%	8.31%	8.49%	7.87%	10.4%	9.34%	11.4%	11.8%	15.7%	15.8%	11.1%
Return on tangible assets	-9.95%	-16%	-29.4%	599.1%	39.7%	22%	22.1%	39.2%	39%	-64.4%	-54%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.08	1.32	1.38	0.93	1.86	1.81	2.12	2.06	1.7	1.55	1.33
Quick ratio	1.07	1.32	1.37	0.93	1.86	1.81	2.12	2.06	1.7	1.55	1.33
Debt / equity	0.31	0.26	0.23	0.26	0.31	0.33	0.25	0.23	0.16	0.02	0.02
Debt / assets	0.18	0.16	0.14	0.16	0.19	0.2	0.16	0.15	0.11	0.02	0.02
Net debt / EBITDA	1.28	0.18	-0.08	0.35	-1.53	-1.09	-1.51	-0.99	-1.31	-0.37	-0.33
Interest coverage	78.6	9.18	11.3	13.4	14.6	16.3	94	124.7	3.9K	—	—
Effective tax rate	14.8%	0%	14.7%	20.6%	17.2%	17.2%	23%	26.1%	26.8%	13.1%	31.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17	22	23.5	25.3	26.3	30.4	34.2	37.4	43.1	47.3	2.02
EPS (basic)	1.96	2.37	2.6	2.99	3.13	3.15	4.17	5.32	6.97	9.82	9.82
EPS (diluted)	1.92	2.31	2.52	2.88	2.98	2.98	4	5.11	6.76	9.67	6.87
Book value per share	25.3	28.9	32.9	36.3	41.3	44.9	47.9	52.8	56.8	62.2	2.57
FCF per share	3.23	5.41	5.42	5.03	6.65	6.24	6.24	7.51	11.5	9.99	9.45
Cash per share	3.14	6.49	7.91	7.07	23.3	22.5	24.6	22.1	25.5	6.7	0.24
Capex per share	0.46	0.66	0.51	0.44	0.39	0.39	0.5	0.46	0.55	1.2	1.39

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.69%	2.99%	2.18%	1.73%	1.47%	1.29%	1.46%	1.23%	1.28%	2.54%	2.69%
Capex / operating cash flow	13%	10.6%	8.32%	6.49%	4.29%	5.33%	6.81%	5.4%	4.53%	10.4%	12.3%
Payout ratio	32.7%	6.73%	0%	0%	—	—	—	—	—	—	0%
Dividend yield	0.93%	0.17%	0%	0%	—	—	—	—	—	—	0.59%

Yield

0.59%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.16

ex-dividend Feb 23, 2017

Payout ratio

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
Feb 23, 2017	$0.16
Nov 18, 2016	$0.16
Aug 11, 2016	$0.16
May 19, 2016	$0.16
Feb 22, 2016	$0.16
Nov 6, 2015	$0.16
Aug 7, 2015	$0.16
May 18, 2015	$0.16

Split history

Date	Ratio
May 31, 2006	2:1

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	$601.3M	$623.2M	$659.3M	$664.4M	$690M	$721.6M	$700.2M	$726.7M	$732M	$786.5M	$768.6M	$782.3M
YoY change	+8.4%	+9.61%	+15.3%	+14.3%	+14.7%	+15.8%	+6.2%	+9.38%	+6.09%	+8.99%	+9.77%	+7.65%

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	187.3M	392.3M	485.8M	439.1M	1.5B	1.4B	1.6B	1.4B	1.6B	417.4M
Receivables	260.2M	230.7M	288M	319.6M	303.1M	395.6M	518.5M	585.2M	644M	738M
Inventory	4.7M	3.9M	3.4M	3.4M	—	—	—	—	—	—
Total current assets	509.2M	693.1M	861.2M	875.7M	1.9B	2.3B	2.4B	2.3B	2.5B	1.4B
Property, plant & equipment	87.7M	118.3M	140.3M	247.8M	234.9M	230.7M	262.2M	279M	278.4M	267.5M
Goodwill & intangibles	3.8B	3.7B	3.7B	3.6B	3.7B	3.8B	3.7B	4.3B	4.2B	6.1B
Total assets	2.6B	2.8B	3.2B	3.6B	4.2B	4.7B	4.9B	5.1B	5.3B	5.1B
Accounts payable	25.6M	29.4M	29.6M	30.4M	33.1M	36.1M	56M	66M	110.6M	100.8M
Short-term debt	21.2M	—	—	273.1M	282.3M	415.5M	222.8M	223M	471.3M	13.7M
Total current liabilities	472.8M	523.4M	624.9M	941M	1B	1.3B	1.1B	1.1B	1.5B	887.6M
Long-term debt	444M	447.6M	456M	316.8M	513.6M	510.5M	554.6M	560M	92.3M	75.1M
Total liabilities	1.1B	1.1B	1.2B	1.4B	1.6B	1.9B	1.8B	1.8B	1.7B	1.2B
Shareholders' equity	1.5B	1.7B	2B	2.3B	2.6B	2.8B	3.1B	3.4B	3.6B	3.9B
Total debt	465.2M	447.6M	456M	589.9M	795.9M	925.9M	777.5M	783M	563.6M	88.8M
Net debt	308.2M	119.3M	213.9M	361.6M	353.6M	547.3M	247.9M	271.2M	81.9M	-290.6M

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	1.7B	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B	455.9M	417.4M	304.1M	354.7M
Receivables	538M	585.2M	575M	580.1M	629.9M	644M	643.2M	681M	714.9M	738M	767.3M	836.6M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.5B	2.3B	2.3B	2.3B	2.4B	2.5B	2.5B	2.5B	1.4B	1.4B	1.3B	1.5B
Property, plant & equipment	268.4M	279M	282.7M	280.6M	284.2M	278.4M	255.4M	254.9M	265M	267.5M	269.9M	278.7M
Goodwill & intangibles	3.6B	4.3B	4.2B	4.1B	4.2B	4.2B	4.1B	4.1B	6.1B	6.1B	6B	5.9B
Total assets	4.9B	5.1B	5B	5.1B	5.2B	5.3B	5.2B	5.3B	5.2B	5.1B	5B	5.1B
Accounts payable	57M	66M	55.2M	73.1M	71.3M	110.6M	59.4M	81.6M	92.1M	100.8M	101.9M	104.1M
Short-term debt	193.7M	223M	13.3M	13.1M	471.4M	471.3M	471.4M	472.2M	12.8M	13.7M	13.6M	14M
Total current liabilities	1B	1.1B	941.4M	938.4M	1.4B	1.5B	1.5B	1.4B	980.2M	887.6M	1.1B	1.1B
Long-term debt	548.9M	560M	557.3M	554.8M	95.2M	92.3M	67.3M	66.9M	74.1M	75.1M	72.5M	74.2M
Total liabilities	1.7B	1.8B	1.6B	1.6B	1.6B	1.7B	1.7B	1.6B	1.3B	1.2B	1.3B	1.3B
Shareholders' equity	3.2B	3.4B	3.5B	3.5B	3.6B	3.6B	3.5B	3.7B	3.9B	3.9B	3.7B	3.8B
Total debt	742.6M	783M	570.6M	567.8M	566.6M	563.6M	538.7M	539M	86.9M	88.8M	86.1M	88.2M
Net debt	29.5M	271.2M	-222.4M	-171.7M	-100.1M	81.9M	69.1M	4M	-331.2M	-290.6M	-171.5M	-227.2M

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	126.1M	143.3M	159.3M	185.9M	196.3M	199.2M	265.9M	338.3M	442.6M	612.1M
Depreciation & amortization	77.8M	156.3M	157.1M	173.2M	182M	184.1M	176.5M	167.4M	205M	199M
Stock-based compensation	40.5M	57M	67.2M	80.9M	101.7M	153M	182.7M	176.7M	182.1M	146M
Change in working capital	-10.5M	76.9M	16.7M	-15M	106.3M	-58.3M	-109.2M	-93.7M	-17.4M	-115.7M
Operating cash flow	209.1M	376.1M	377.9M	420.6M	563.6M	464.8M	468.2M	540.8M	772.5M	716.5M
Capital expenditure	-27.3M	-39.9M	-31.4M	-27.3M	-24.2M	-24.8M	-31.9M	-29.2M	-35M	-74.8M
Investing cash flow	-782.4M	-185M	-428.5M	-309.6M	-426M	-219.1M	-102.4M	-238.6M	-332.6M	178.9M
Dividends paid	-38.2M	-9.6M	0	0	—	—	—	—	—	—
Share repurchases	-43.6M	-24.4M	-26M	-47.3M	-48.3M	-73.2M	-144.9M	-288.4M	-369.2M	-488.9M
Financing cash flow	389.8M	-34.1M	-43.8M	-48.1M	188M	-266.2M	-165.5M	-292.8M	-459.7M	-985.4M
Net change in cash	-183.5M	157M	-94.3M	62.9M	325.6M	-20.5M	200.4M	9.4M	-19.8M	-89.9M
Free cash flow	192.4M	326.8M	332.9M	312.2M	417M	394.6M	397.8M	477.3M	732.9M	622.8M

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	92.4M	81.7M	106.4M	115.8M	120.9M	99.5M	129.3M	187.4M	144.9M	150.6M	46.8M	83.2M
Depreciation & amortization	42.3M	41.2M	51.8M	51.5M	53M	48.8M	43.4M	44.6M	48.9M	62.1M	61.8M	62.4M
Stock-based compensation	46.2M	46.2M	44.4M	42.2M	47.3M	48.2M	43.3M	37.3M	35.8M	29.6M	35.4M	52.7M
Change in working capital	-69.6M	-34.2M	42.4M	15.1M	-71.3M	-3.6M	16.7M	-26.4M	-46.2M	-59.8M	21.1M	-82.9M
Operating cash flow	99.1M	110.9M	249.8M	210.9M	123M	188.7M	209.3M	61.3M	190.5M	179.7M	179.2M	122.7M
Capital expenditure	-5.5M	-6.1M	-10.5M	-6.5M	-10.4M	-7.6M	-3.7M	-18.1M	-19.7M	-20.3M	-21.1M	-21.7M
Investing cash flow	101.3M	-303.5M	174.5M	-60.5M	-133M	-313.6M	-31.2M	33.6M	203M	-49.8M	-29.6M	-14.4M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-89.5M	-69M	-41.5M	-146.1M	-86.4M	-95.2M	-252.3M	-30.8M	-40.6M	-165.2M	-253.3M	-58M
Financing cash flow	-89.5M	-70.4M	-131.6M	-146.1M	-86.4M	-95.5M	-252.3M	-30.8M	-500.6M	-165.2M	-255.7M	-58.8M
Net change in cash	110.9M	-263M	292.7M	4.3M	-96.4M	-220.4M	-74.3M	64.1M	-107.1M	-35.4M	-106.1M	49.5M
Free cash flow	102.6M	160.5M	228M	148M	131.7M	225.1M	264.6M	38.6M	163.6M	156M	148.8M	93.1M

NICE Ltd. Sponsored ADR 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