Take-Two Interactive Software, Inc. (TTWO) 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 27	-$0.21	-$0.18	+14.3%	—	—	—
Q1 27	$0.56	$0.8	+42.9%	—	—	—
Q4 26	$0.83	$1.23	+48.2%	—	—	—
Q3 26	$0.93	$1.46	+57.0%	—	—	—
Q2 26	$0.27	$0.61	+125.9%	—	—	—
Q1 26	$1.09	$1.3	+19.3%	—	—	—
Q4 25	-$0.9	-$0.71	+21.1%	—	—	—
Q3 25	-$2.11	-$2.08	+1.4%	—	—	—
Q2 25	-$1.37	-$1.52	-10.9%	—	—	—
Q1 25	-$0.98	-$17	-1636.7%	—	—	—
Q4 24	-$0.72	-$0.54	+25.0%	—	—	—
Q3 24	$1.03	$1.22	+18.4%	—	—	—
Q2 24	$0.42	$0.27	-35.7%	—	—	—
Q1 24	$0.68	$0.59	-13.2%	—	—	—
Q4 23	$0.87	$0.86	-1.1%	—	—	—
Q3 23	$1.37	$1.3	-5.1%	—	—	—

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	—	-$1.62	—	—	$6.7B	—
FY25	—	-$25.6	—	—	$5.6B	—
FY24	—	-$22	—	—	$5.3B	—
FY23	—	-$7.03	—	—	$5.3B

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	$1.8B	$1.8B	$2.7B	$3.1B	$3.4B	$3.5B	$5.3B	$5.3B	$5.6B	$6.7B
YoY change	+25.9%	+0.74%	+48.8%	+15.8%	+9.19%	+3.91%	+52.6%	-0.01%	+5.31%	+18.2%

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	1.8B	1.8B	2.7B	3.1B	3.4B	3.5B	5.3B	5.3B	5.6B	6.7B
Cost of revenue	1B	898.3M	1.5B	1.5B	1.5B	1.5B	3.1B	3.1B	2.6B	2.8B
Gross profit	756.8M	894.6M	1.1B	1.5B	1.8B	2B	2.3B	2.2B	3.1B	3.8B
Gross margin	42.5%	49.9%	42.9%	50.1%	54.5%	56.2%	42.7%	41.9%	54.4%	57.2%
Research & development	137.9M	196.4M	230.2M	296.4M	317.3M	406.6M	887.6M	948.2M	1B	1.1B
Selling, general & administrative	496.9M	503.9M	672.6M	776.7M	835.4M	1B	2.4B	2.3B	2.6B	2.6B
Operating expenses	634.8M	700.3M	902.8M	1.1B	1.2B	1.4B	3.3B	3.2B	3.6B	3.7B
Operating income	91.3M	150.3M	201.7M	425.4M	629.4M	474.4M	-1.2B	-1.1B	-739.4M	-108.6M
Operating margin	5.13%	8.38%	7.56%	13.8%	18.7%	13.5%	-21.5%	-21.4%	-13.1%	-1.63%
Non-operating income, net	7.4M	-12.7M	1.1M	-9M	40.3M	-2.1M	-77.4M	-2.5B	-3.7B	-13M
Pretax income	77M	136.6M	232.8M	458.4M	677.8M	465.4M	-1.3B	-3.7B	-4.5B	-197.8M
Income tax	9.7M	-36.9M	-101.1M	54M	88.9M	47.4M	-213.4M	41.4M	-12.4M	100.4M
Net income	67.3M	173.5M	333.8M	404.5M	588.9M	418M	-1.1B	-3.7B	-4.5B	-298.2M
Net margin	3.78%	9.68%	12.5%	13.1%	17.5%	11.9%	-21%	-70%	-79.5%	-4.48%
EBITDA	344.3M	321.6M	501.2M	709.2M	850.5M	749.1M	659.9M	683.3M	701.4M	1.3B
EPS	0.73	1.57	2.95	3.58	5.14	3.62	-7.03	-22	-25.6	-1.62
Diluted EPS	0.72	1.54	2.9	3.54	5.09	3.58	-7.03	-22	-25.6	-1.62

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	1.3B	1.4B	1.4B	1.3B	1.4B	1.4B	1.6B	1.5B	1.8B	1.7B	1.7B	1.5B
Cost of revenue	883.8M	688.2M	930.3M	567.1M	625.2M	599.9M	779.2M	558.8M	793.3M	753.5M	741.1M	651.4M
Gross profit	415.4M	678.1M	469.1M	771.1M	727.9M	759.9M	803.3M	945M	980.5M	945.5M	938.7M	882.5M
Gross margin	32%	49.6%	33.5%	57.6%	53.8%	55.9%	50.8%	62.8%	55.3%	55.7%	55.9%	57.5%
Research & development	232.1M	232.4M	237.5M	219.8M	246.7M	240.9M	297.8M	261.4M	268M	282.7M	262.5M	273.8M
Selling, general & administrative	512.9M	532.6M	620.5M	641.9M	714.3M	578.5M	632.3M	615.8M	761.6M	651.8M	616M	596M
Operating expenses	745M	765M	858M	861.7M	961M	819.4M	930.1M	877.2M	1B	934.5M	878.5M	869.8M
Operating income	-374.9M	-129.5M	-431.8M	-135.4M	-280.4M	-109M	-214.6M	17.4M	-97.9M	-38.1M	10M	-35.5M
Operating margin	-28.9%	-9.48%	-30.9%	-10.1%	-20.7%	-8.02%	-13.6%	1.16%	-5.52%	-2.24%	0.6%	-2.31%
Non-operating income, net	-171M	-300K	-2.3B	-52.6M	-18M	-22.9M	-3.6B	4.2M	-100K	-600K	-16.5M	-6.2M
Pretax income	-577M	-152.3M	-2.7B	-212.2M	-324.3M	-152.9M	-3.8B	-13.8M	-115.5M	-55.8M	-12.7M	-49.3M
Income tax	-33.4M	-60.7M	158.4M	49.8M	41.2M	-27.7M	-75.7M	-1.9M	18.4M	37.1M	46.8M	-15.2M
Net income	-543.6M	-91.6M	-2.9B	-262M	-365.5M	-125.2M	-3.7B	-11.9M	-133.9M	-92.9M	-59.5M	-34.1M
Net margin	-41.8%	-6.7%	-207.4%	-19.6%	-27%	-9.21%	-235.5%	-0.79%	-7.55%	-5.47%	-3.54%	-2.22%
EBITDA	127.8M	196.6M	49.7M	168.4M	3.5M	185M	273.9M	276.2M	263.2M	270.1M	440.8M	297.2M
EPS	-3.2	-0.54	-17	-1.52	-2.08	-0.71	-21.1	-0.07	-0.73	-0.5	-0.32	-0.18
Diluted EPS	-3.2	-0.54	-17	-1.52	-2.08	-0.71	-21.1	-0.07	-0.73	-0.5	-0.32	-0.18

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	5.3B	—	10.7B	13.4B	20.3B	17.8B	—	25.3B	36.3B	36.3B	37.8B
Enterprise value	4.2B	—	9.1B	11.6B	17.7B	15.5B	—	28B	38.9B	37.3B	38.8B
Shares outstanding	90.2M	110.2M	113.2M	113.1M	114.6M	115.5M	159.9M	170.1M	175.1M	183.9M	183.9M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	79.4	—	32	33.2	34.4	42.5	—	—	—	—	-124.9
P/S	3	—	4	4.34	6	5.07	—	4.72	6.44	5.46	5.64
P/B	5.33	—	5.23	5.28	6.08	4.66	—	4.46	17	10.3	10.6
EV/EBITDA	12.2	—	18.2	16.3	20.8	20.6	—	41	55.5	29.7	50.6
EV/Sales	2.36	—	3.41	3.75	5.25	4.41	—	5.24	6.91	5.6	5.8
Earnings yield	1.26%	—	3.13%	3.02%	2.91%	2.35%	—	—	—	—	-0.8%
FCF yield	7.24%	—	7.27%	4.71%	4.16%	0.56%	—	-0.62%	-0.59%	1.27%	3.32%
PEG	—	—	—	—	—	—	—	—	—	—	-0.79

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	42.5%	49.9%	42.9%	50.1%	54.5%	56.2%	42.7%	41.9%	54.4%	57.2%	57.5%
Operating margin	5.13%	8.38%	7.56%	13.8%	18.7%	13.5%	-21.5%	-21.4%	-13.1%	-1.63%	0.51%
Net margin	3.78%	9.68%	12.5%	13.1%	17.5%	11.9%	-21%	-70%	-79.5%	-4.48%	-4.79%
ROE	6.71%	11.7%	16.4%	15.9%	17.7%	11%	-12.4%	-66.1%	-209.5%	-8.49%	-9.04%
ROA	2.14%	4.64%	7.87%	8.17%	9.77%	6.39%	-7.09%	-30.6%	-49%	-3.19%	-0.62%
ROIC	-58.4%	206.9%	43%	52.5%	69.1%	28.3%	-9.99%	-13.6%	-15.5%	-2.42%	-3.42%
Return on tangible assets	4.65%	11.9%	15.7%	12.4%	15.8%	13.3%	12.9%	66.3%	330.5%	51.4%	38.4%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.3	1.4	1.45	1.71	1.89	1.84	0.65	0.94	0.78	1.24	1.06
Quick ratio	1.29	1.39	1.43	1.7	1.88	1.83	0.65	0.94	0.78	1.24	1.06
Debt / equity	0.25	0.01	0	0.07	0.06	0.07	0.39	0.62	1.92	0.84	0.82
Debt / assets	0.08	0	0	0.04	0.03	0.04	0.22	0.29	0.45	0.32	0.32
Net debt / EBITDA	-3.31	-4.4	-3.13	-2.57	-2.99	-3.07	3.75	4.04	3.76	0.77	0.88
Interest coverage	—	7.14	30	88.4	64.9	20	-8.3	-25.3	-25.5	-0.23	-0.49
Effective tax rate	12.6%	0%	0%	11.8%	13.1%	10.2%	0%	0%	0%	0%	0%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	19.7	16.3	23.6	27.3	29.4	30.3	33.5	31.4	32.2	36.2	36.1
EPS (basic)	0.73	1.57	2.95	3.58	5.14	3.62	-7.03	-22	-25.6	-1.62	-1.62
EPS (diluted)	0.72	1.54	2.9	3.54	5.09	3.58	-7.03	-22	-25.6	-1.62	-1.73
Book value per share	11.1	13.5	18	22.5	29.1	33	56.6	33.3	12.2	19.1	18.9
FCF per share	4.29	3.68	6.86	5.59	7.36	0.86	-1.27	-0.93	-1.23	2.51	1.81
Cash per share	15.4	12.9	13.9	17.7	23.8	22.1	6.34	4.56	8.37	10.8	9.77
Capex per share	0.23	0.56	0.59	0.47	0.6	1.37	1.28	0.83	0.97	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	1.19%	3.43%	2.51%	1.73%	2.04%	4.53%	3.82%	2.65%	3.01%	—	—
Capex / operating cash flow	4.91%	11.1%	5.98%	5.52%	6.89%	39.9%	-109.4%	-6.1%	-4.59%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

—

Last dividend

$0.001

ex-dividend Sep 25, 2008

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
Sep 25, 2008	$0.001

Split history

Date	Ratio
Apr 12, 2005	3:2

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	$1.3B	$1.4B	$1.4B	$1.3B	$1.4B	$1.4B	$1.6B	$1.5B	$1.8B	$1.7B	$1.7B	$1.5B
YoY change	-6.77%	-2.95%	-3.24%	+4.16%	+4.15%	-0.48%	+13.1%	+12.4%	+31.1%	+24.9%	+6.15%	+2%

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	1.4B	1.4B	1.6B	2B	2.7B	2.6B	1B	776M	1.5B	2B
Receivables	219.6M	247.6M	395.7M	592.6M	552.8M	579.4M	763.2M	679.7M	771.1M	737M
Inventory	16.3M	15.2M	28.2M	19.1M	17.7M	13.2M	—	—	—	—
Total current assets	2.2B	2.4B	2.8B	3.5B	4.2B	3.9B	2.5B	2.3B	2.8B	3.2B
Property, plant & equipment	67.3M	102.5M	127.9M	286.2M	313.3M	393.1M	623.4M	673.1M	704.8M	722.1M
Goodwill & intangibles	1.7B	2.3B	2.1B	1.7B	2.3B	3.4B	24.6B	17.9B	10.5B	9.9B
Total assets	3.1B	3.7B	4.2B	4.9B	6B	6.5B	15.9B	12.2B	9.1B	9.4B
Accounts payable	31.9M	35M	72.8M	65.7M	71M	125.9M	140.1M	195.9M	194.7M	211M
Short-term debt	—	—	—	25.2M	31.6M	38.9M	1.4B	88.4M	1.2B	100.1M
Total current liabilities	1.7B	1.7B	2B	2B	2.2B	2.1B	3.9B	2.4B	3.6B	2.6B
Long-term debt	251.9M	8.1M	0	152.1M	159.7M	211.3M	2.1B	3.4B	2.9B	2.9B
Total liabilities	2.1B	2.2B	2.2B	2.4B	2.7B	2.7B	6.8B	6.5B	7B	5.9B
Shareholders' equity	1B	1.5B	2B	2.5B	3.3B	3.8B	9B	5.7B	2.1B	3.5B
Total debt	251.9M	8.1M	0	177.2M	191.3M	250.2M	3.5B	3.5B	4.1B	3B
Net debt	-691.5M	-800.9M	-826.5M	-1.2B	-1.2B	-1.5B	2.7B	2.8B	2.6B	1.4B

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	801.9M	922.2M	776M	1.1B	879.6M	1.2B	1.5B	2B	2.1B	2.4B	2B	1.8B
Receivables	814.5M	666.3M	679.7M	594.2M	858.9M	662.3M	771.1M	657.7M	1.2B	824.1M	737M	606.9M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.5B	2.2B	2.3B	2.6B	2.7B	2.4B	2.8B	3.3B	3.8B	3.7B	3.2B	3B
Property, plant & equipment	704.8M	717M	673.1M	766M	770.1M	751.3M	704.8M	764.1M	758.3M	787.2M	722.1M	751.5M
Goodwill & intangibles	23.3B	23.2B	17.9B	18.6B	18.6B	18.3B	10.5B	10.6B	10.4B	10.3B	9.9B	9.9B
Total assets	15.2B	14.9B	12.2B	12.9B	13.1B	12.6B	9.1B	9.7B	10.1B	10B	9.4B	9.1B
Accounts payable	131.8M	151.8M	195.9M	170.3M	177.1M	144.8M	194.7M	193.4M	213.5M	191.3M	211M	179.5M
Short-term debt	434.6M	437.2M	88.4M	663M	658.2M	658.7M	1.2B	610.3M	615.8M	651.5M	100.1M	701.4M
Total current liabilities	3B	2.7B	2.4B	2.8B	3.2B	2.9B	3.6B	2.8B	3.3B	3.2B	2.6B	2.8B
Long-term debt	3.1B	3.1B	3.4B	3.5B	3.5B	3.4B	2.9B	2.9B	2.9B	2.9B	2.9B	2.2B
Total liabilities	6.8B	6.4B	6.5B	7B	7.3B	7B	7B	6.2B	6.6B	6.5B	5.9B	5.5B
Shareholders' equity	8.4B	8.5B	5.7B	6B	5.8B	5.7B	2.1B	3.5B	3.4B	3.5B	3.5B	3.6B
Total debt	3.5B	3.5B	3.5B	4.1B	4.1B	4.1B	4.1B	3.5B	3.5B	3.5B	3B	2.9B
Net debt	2.8B	2.6B	2.8B	3B	3.2B	2.9B	2.6B	1.5B	1.6B	1.4B	1.4B	1.6B

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	67.3M	173.5M	333.8M	404.5M	588.9M	418M	-1.1B	-3.7B	-4.5B	-298.2M
Depreciation & amortization	259.4M	144.9M	264.8M	236.5M	202.4M	257.1M	1.8B	1.8B	1.3B	1.3B
Stock-based compensation	81.9M	116.3M	247.7M	257.9M	101.8M	134.6M	327.3M	311.2M	314.6M	333.2M
Change in working capital	811K	136.8M	161.7M	41M	59.5M	-477.3M	-933M	-732.4M	-1.3B	-940.7M
Operating cash flow	431.4M	556.8M	1.1B	966.5M	999.3M	397.7M	-186.7M	-2.3B	-3.7B	624.3M
Capital expenditure	-21.2M	-61.6M	-67M	-53.4M	-68.9M	-158.6M	-204.2M	-141.7M	-169.4M	—
Investing cash flow	-40M	-286.8M	-223.6M	4M	-806.8M	139.2M	-2.9B	-28.2M	-151.5M	-486.4M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-154.8M	-362.4M	0	0	-200M	0	0	—	—
Financing cash flow	-49.8M	-281.5M	-463.7M	-77.5M	-57.4M	-256.8M	1.9B	-91.4M	650.5M	94.6M
Net change in cash	341.7M	-11.4M	432.1M	893.1M	135.1M	280.1M	-1.1B	-2.4B	-3.2B	232.5M
Free cash flow	386.7M	406M	776.5M	632.3M	843.4M	99.4M	-203.1M	-157.8M	-214.6M	461.5M

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	-543.6M	-91.6M	-2.9B	-262M	-365.5M	-125.2M	-3.7B	-11.9M	-133.9M	-92.9M	-59.5M	-34.1M
Depreciation & amortization	502.7M	325.8M	583M	303.8M	283.9M	271.1M	483.4M	263M	361.1M	308.2M	345.7M	316.1M
Stock-based compensation	90.4M	85.9M	56.2M	75.3M	86.2M	82.9M	70.2M	40.7M	95.9M	90.3M	106.3M	86M
Change in working capital	-186.9M	-441.4M	159M	-415.8M	-169.3M	-313.9M	-356.7M	-361.9M	-280.3M	-5.8M	-292.7M	-483.8M
Operating cash flow	-64.2M	-74M	-2.1B	-240M	-105.8M	-12.6M	-3.5B	-44.7M	128.4M	305.2M	235.4M	-168.8M
Capital expenditure	-28.4M	-35.6M	-46.2M	-35.1M	-36.8M	-43.4M	-54.1M	—	—	—	—	—
Investing cash flow	22.2M	-33.8M	-54.7M	-34.7M	-33.3M	-20.7M	-62.8M	-11.7M	-245.3M	24.2M	-253.6M	-27.4M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-50.3M	-900K	-19.4M	596.5M	500K	31.2M	22.3M	618.3M	-300K	26.6M	-550M	30.5M
Net change in cash	-92.3M	-108.7M	-2.1B	321.8M	-138.6M	-2.1M	-3.5B	561.9M	-117.2M	356M	-568.2M	-165.7M
Free cash flow	36.4M	-112.6M	-55.1M	-226.1M	-165.2M	-48.2M	224.9M	-69.8M	96.5M	236.2M	198.6M	-193.8M

Take-Two Interactive Software, 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