ORIX Corporation Sponsored ADR (IX) 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 25	$0.66	$2.42	+266.7%	—	$440.6B	—
Q3 25	$0.53	$0.51	-3.8%	—	$3.2B	—
Q2 25	$0.5	$0.55	+10.0%	—	$2.4B	—
Q4 23	—	$1.99	—	—	$422.4B	—
Q3 23	—	$2.69	—	—	$398.1B	—
Q2 23	—	$1.83	—	—	$412.4B	—
Q1 23	—	$2	—	—	$400.9B	—
Q4 22	—	$3.6	—	—	$399.4B	—
Q3 22	—	$2.38	—	—	$395.5B	—
Q2 22	—	$3.06	—	—	$393.3B	—
Q1 22	—	$2.45	—	—	$386.9B	—
Q4 21	—	$1.95	—	—	$381.6B	—
Q3 21	—	$1.87	—	—	$367.1B	—

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	—	$400.3	—	—	$2.2T	—
FY25	—	$307.7	—	—	$1.8T	—
FY24	—	$1.5K	—	—	$1.8T	—
FY23	—	$1.2K	—	—	$1.6T	—
FY22	—	$1.3K	—	—	$1.6T	—
FY21	—	$777.7	—	—	$1.4T	—
FY20	—	$1.2K	—	—	$1.3T	—
FY19	—	$1.3K	—	—	$1.3T	—
FY18	—	$1.2K	—	—	$1.3T	—
FY17	—	$1K	—	—	$1.2T	—

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	$1.2T	$1.3T	$1.3T	$1.3T	$1.4T	$1.6T	$1.6T	$1.8T	$1.8T	$2.2T
YoY change	+11%	+6.51%	-0.14%	+2.68%	+6.79%	+9.92%	+4.37%	+10.2%	+1.79%	+18.6%

Total revenue

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

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	$434.9B	$424.5B	$495.6B	$526.3B	$2.4B	$3.2B	$440.6B	$574.5B	$435.6B	$552.3B	$606.6B	$676B
YoY change	+5.47%	+6.64%	+17.3%	+3.89%	-99.5%	-99.3%	-11.1%	+9.16%	+18.4K%	+17.3K%	+37.7%	+17.7%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.2T	1.3T	1.3T	1.3T	1.4T	1.6T	1.6T	1.8T	1.8T	2.2T
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	857.1B	933.9B	936B	1T	1.1T	1.2T	1.3T	1.4T	1.4T	1.6T
Operating expenses	857.1B	933.9B	936B	1T	1.1T	1.2T	1.3T	1.4T	1.4T	1.6T
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	425B	435.5B	395.7B	412.6B	287.6B	509.4B	392.2B	470B	480.5B	691.4B
Income tax	144B	113.9B	68.7B	105.8B	90.7B	186.6B	95.2B	131.4B	128.8B	233.1B
Net income	280.9B	321.6B	327B	306.7B	196.8B	322.9B	296.9B	338.6B	351.6B	458.3B
Net margin	23%	24.8%	25.2%	23%	13.8%	20.7%	18.2%	18.8%	19.2%	21.1%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	1K	1.2K	1.3K	1.2K	777.7	1.3K	1.2K	1.5K	307.7	400.3
Diluted EPS	1K	1.2K	1.3K	1.2K	777	1.3K	1.2K	1.5K	307.2	399.4

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	434.9B	424.5B	495.6B	526.3B	2.4B	3.2B	440.6B	574.5B	435.6B	552.3B	606.6B	676B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	346.9B	322.5B	389.6B	359.8B	2B	2.5B	359.8B	358.1B	397.4B	420.8B	427.4B	433.9B
Operating expenses	346.9B	322.5B	389.6B	359.8B	2B	2.5B	359.8B	358.1B	397.4B	420.8B	427.4B	433.9B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	95.1B	125.5B	160B	120.2B	885.4M	805M	97.1B	155.5B	236B	176.2B	123.7B	406.1B
Income tax	28.6B	38.6B	39B	35B	257.9M	234.5M	17.1B	46.2B	70.4B	55.7B	60.8B	125.6B
Net income	66.5B	87B	121B	85.2B	627.5M	570.5M	79.9B	109.3B	165.6B	120.6B	62.9B	285B
Net margin	15.3%	20.5%	24.4%	16.2%	26.7%	17.9%	18.1%	19%	38%	21.8%	10.4%	42.2%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	280.3	394.6	—	75.4	—	—	—	94.6	—	—	—	256.1
Diluted EPS	279.8	393.9	—	75.3	—	—	—	94.4	—	—	—	255.6

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	1T	1.3T	1.2T	2.6T	3T	3.1T	3.5T	3.7T	3.8T	3.9T
Receivables	283.4B	294.8B	280.6B	312.7B	354.3B	359.9B	441.8B	401.4B	411B	495.9B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	3.4T	3.5T	3.5T	2.7T	2.1T	2.2T	2.2T	2.1T	2.1T	2.2T
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	16.3T	16.9T	18T
Accounts payable	251.8B	262.3B	293.5B	282.7B	260.7B	291.4B	366.9B	362.5B	339.8B	356B
Short-term debt	283.5B	306.8B	309.5B	336.8B	307.3B	439.6B	508.8B	570.8B	549.7B	572.2B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	3.9T	3.8T	4.2T	4.3T	4.4T	4.4T	5.2T	5.6T	5.7T	6T
Total liabilities	—	—	—	—	—	—	—	12.3T	12.7T	13.4T
Shareholders' equity	2.6T	2.8T	3T	3.1T	3.1T	3.4T	3.6T	4T	4.2T	4.6T
Total debt	4.1T	4.1T	4.5T	4.6T	4.7T	4.9T	5.7T	6.2T	6.3T	6.5T
Net debt	3.1T	2.8T	3.3T	3.6T	3.8T	3.9T	4.5T	5.2T	5.1T	5.2T

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	3.2T	3.4T	3.7T	992.8B	24.4B	7.1B	3.8T	1.2T	4T	1.3T	3.9T	968.9B
Receivables	373.8B	381.5B	401.4B	382B	2.3B	2.5B	411B	406.8B	413.1B	473.9B	495.9B	466.6B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	3.2T	2.6T	2.1T	3T	19.1B	19.1B	2.1T	2.1T	2.2T	2.2T	2.2T	3.1T
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	16.3T	16.5T	105.7B	107.8B	16.9T	17T	17.6T	18.1T	18T	18.3T
Accounts payable	329.8B	330.6B	362.5B	323.1B	1.9B	1.9B	339.8B	314.9B	317.2B	333.7B	356B	325.7B
Short-term debt	586.4B	639.3B	570.8B	642.1B	4.8B	4.7B	549.7B	629.9B	609.9B	691.2B	572.2B	582.7B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	5.4T	5.3T	5.6T	5.7T	35.6B	36.7B	5.7T	5.8T	5.9T	6T	6T	5.7T
Total liabilities	—	—	12.3T	12.3T	80B	81.2B	12.7T	12.8T	13T	13.4T	13.4T	13.4T
Shareholders' equity	3.8T	3.8T	4T	4.2T	25.7B	26.6B	4.2T	4.2T	4.6T	4.7T	4.6T	4.8T
Total debt	6T	6T	6.2T	6.4T	40.4B	41.4B	6.3T	6.4T	6.5T	6.7T	6.5T	6.3T
Net debt	5.1T	5.1T	5.2T	5.4T	32.8B	34.3B	5.1T	5.2T	5.2T	5.4T	5.2T	5.3T

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	280.9B	321.6B	327B	306.7B	196.8B	322.9B	296.9B	338.6B	351.6B	458.3B
Depreciation & amortization	253.7B	279.9B	295.6B	304.2B	316B	320.3B	340.3B	364.2B	399.5B	404.8B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	52.3B	105.3B	117.7B	154.2B	216.4B	226.5B	105B	120.8B	284.3B	353.8B
Operating cash flow	640.3B	776.6B	695.8B	1.2T	1.1T	1.2T	1.1T	1.3T	1.5T	1.4T
Capital expenditure	-668.6B	-765.3B	-631B	-653.4B	-621.8B	-770.2B	-846.6B	-938.1B	-983.9B	—
Investing cash flow	20.5B	-226.7B	-653B	-1.1T	-1.2T	-790.4B	-1.2T	-1.3T	-1.1T	6.2B
Dividends paid	-61.3B	-72.8B	-88.4B	-103.8B	-95.2B	-99.4B	-106.3B	-99.9B	-135.6B	-170.8B
Share repurchases	-12.1B	-39.1B	-707M	-45.7B	-55.4B	-50B	-52.1B	-50B	-53.5B	-150B
Financing cash flow	-249.8B	-2.3B	-3.2B	-15.5B	-45.9B	-271.5B	468.9B	-83.9B	-153.3B	-336.1B
Net change in cash	410.9B	547.6B	39.6B	138.1B	-69.5B	171B	416.9B	-124.4B	223.5B	1T
Free cash flow	-406.1B	-482.5B	-472.6B	49.6B	341.7B	186.1B	-167B	42.5B	-57.5B	37.1B

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	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24
Net income	70.6B	82.1B	63B	101.9B	64.3B	61.8B	91B	63B	64.2B	66.5B	87B	121B
Depreciation & amortization	81.7B	82.5B	82.5B	83.6B	79.3B	81.2B	90.7B	93B	85.4B	93.1B	95B	90.7B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	90.2B	43.1B	29B	104.7B	49.3B	58B	-27.3B	54.7B	44B	-6.9B	-4.3B	57.6B
Operating cash flow	277.7B	419.7B	180.4B	390.9B	-9.6B	339B	344.4B	455.9B	211.6B	423.2B	355.4B	238.6B
Capital expenditure	-142.8B	-218.3B	-193.9B	-215.2B	-149.4B	-186.6B	-260.2B	-250.5B	-286.4B	-256.3B	-251.1B	-144.3B
Investing cash flow	-126.4B	-313.4B	-304.5B	-44.6B	-279.9B	-235.9B	-192.5B	-441.5B	-433.9B	-390.5B	-318.7B	-156.6B
Dividends paid	-52.4B	0	-47B	0	-55.7B	0	-50.6B	0	-50.2B	0	-49.7B	0
Share repurchases	-10.2B	-20.3B	-19.5B	0	-10.3B	-22.8B	-18.9B	0	-10.2B	-21.3B	-18.5B	0
Financing cash flow	-20.5B	-23.9B	25.4B	-252.5B	149.7B	-58.3B	-55.5B	473.2B	-133.7B	66.6B	32.8B	-49.7B
Net change in cash	130.8B	82.4B	-98.7B	93.7B	-139.7B	44.8B	96.5B	487.6B	-355.9B	99.3B	69.5B	32.3B
Free cash flow	35.5B	118.2B	-57.4B	89.7B	-255.2B	40.1B	17.9B	30.3B	-124.3B	57.7B	43B	66.2B

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	603.6B	714.7B	571.1B	467.8B	651.1B	746B	601.5B	—	—	33.5B	33.5B
Enterprise value	3.7T	3.5T	3.9T	2.5T	2.4T	2.5T	2.9T	—	—	2.7T	2.7T
Shares outstanding	40.6B	39.8B	39.7B	39.6B	38.4B	37.4B	36.6B	231.9M	1.1B	1.1B	1.1B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	2.15	2.22	1.75	1.53	3.31	2.31	2.03	—	—	0.07	0.07
P/S	0.5	0.55	0.44	0.35	0.46	0.48	0.37	—	—	0.02	0.02
P/B	0.23	0.26	0.19	0.15	0.21	0.22	0.17	—	—	0.01	0.01
EV/Sales	3.04	2.72	3.01	1.86	1.7	1.59	1.75	—	—	1.25	1.25
Earnings yield	46.5%	45%	57.3%	65.6%	30.2%	43.3%	49.4%	—	—	1.4K%	1.4K%
FCF yield	-67.3%	-67.5%	-82.8%	10.6%	52.5%	24.9%	-27.8%	—	—	110.8%	110.8%

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Net margin	23%	24.8%	25.2%	23%	13.8%	20.7%	18.2%	18.8%	19.2%	21.1%	21.1%
ROE	10.6%	11.5%	11.1%	10%	6.34%	9.58%	8.22%	8.42%	8.43%	9.91%	9.91%
ROA	—	—	—	—	—	—	—	2.07%	2.08%	2.55%	2.55%
Return on tangible assets	—	—	—	—	—	—	—	2.07%	2.08%	2.55%	2.55%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Debt / equity	1.56	1.48	1.52	1.51	1.52	1.44	1.58	1.54	1.51	1.41	1.41
Debt / assets	—	—	—	—	—	—	—	0.38	0.37	0.36	0.36
Effective tax rate	33.9%	26.2%	17.4%	25.7%	31.6%	36.6%	24.3%	28%	26.8%	33.7%	33.7%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	30	32.6	32.6	33.6	37	41.8	44.5	7.7K	1.6K	1.9K	1.9K
EPS (basic)	1K	1.2K	1.3K	1.2K	777.7	1.3K	1.2K	1.5K	307.7	400.3	400.3
EPS (diluted)	1K	1.2K	1.3K	1.2K	777	1.3K	1.2K	1.5K	307.2	399.4	399.4
Book value per share	65.2	70.4	74.3	77.5	80.8	90.3	98.6	17.3K	3.7K	4.1K	4.1K
FCF per share	-10	-12.1	-11.9	1.25	8.9	4.98	-4.56	183.4	-50.3	33.2	33.2
Cash per share	25.6	33.2	29.2	66	77	83.8	94.6	15.9K	3.3K	3.5K	3.5K
Capex per share	16.5	19.2	15.9	16.5	16.2	20.6	23.1	4K	861.2	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	54.8%	58.9%	48.7%	49.1%	43.7%	49.3%	51.9%	52.2%	53.8%	—	—
Capex / operating cash flow	104.4%	98.5%	90.7%	53.1%	55.2%	62.5%	76.4%	74.5%	66.3%	—	—
Payout ratio	21.8%	22.6%	27%	33.8%	48.4%	30.8%	35.8%	29.5%	38.6%	37.3%	37.3%
Dividend yield	10.2%	10.2%	15.5%	22.2%	14.6%	13.3%	17.7%	—	—	509.8%	509.8%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.403

ex-dividend Mar 31, 2025

Payout ratio

37%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Mar 31, 2025	$0.403
Sep 30, 2024	$0.0823
Mar 27, 2024	$0.072
Mar 27, 2008	$0.2464
Mar 28, 2007	$0.1074
Mar 29, 2005	$0.0369
Mar 29, 2004	$0.021
Mar 27, 2003	$0.0188

Split history

Date	Ratio
Feb 28, 2025	5:1
Apr 1, 2013	1:1
Jun 6, 2000	6:5

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 25	$0.66	$2.42	+266.7%	—	$440.6B	—
Q3 25	$0.53	$0.51	-3.8%	—	$3.2B	—
Q2 25	$0.5	$0.55	+10.0%	—	$2.4B	—
Q4 23	—	$1.99	—	—	$422.4B	—
Q3 23	—	$2.69	—	—	$398.1B	—
Q2 23	—	$1.83	—	—	$412.4B	—
Q1 23	—	$2	—	—	$400.9B	—
Q4 22	—	$3.6	—	—	$399.4B	—
Q3 22	—	$2.38	—	—	$395.5B	—
Q2 22	—	$3.06	—	—	$393.3B	—
Q1 22	—	$2.45	—	—	$386.9B	—
Q4 21	—	$1.95	—	—	$381.6B	—
Q3 21	—	$1.87	—	—	$367.1B	—

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	—	$400.3	—	—	$2.2T	—
FY25	—	$307.7	—	—	$1.8T	—
FY24	—	$1.5K	—	—	$1.8T	—
FY23	—	$1.2K	—	—	$1.6T	—
FY22	—	$1.3K	—	—	$1.6T	—
FY21	—	$777.7	—	—	$1.4T	—
FY20	—	$1.2K	—	—	$1.3T	—
FY19	—	$1.3K	—	—	$1.3T	—
FY18	—	$1.2K	—	—	$1.3T	—
FY17	—	$1K	—	—	$1.2T	—

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	$1.2T	$1.3T	$1.3T	$1.3T	$1.4T	$1.6T	$1.6T	$1.8T	$1.8T	$2.2T
YoY change	+11%	+6.51%	-0.14%	+2.68%	+6.79%	+9.92%	+4.37%	+10.2%	+1.79%	+18.6%

Total revenue

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

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	$434.9B	$424.5B	$495.6B	$526.3B	$2.4B	$3.2B	$440.6B	$574.5B	$435.6B	$552.3B	$606.6B	$676B
YoY change	+5.47%	+6.64%	+17.3%	+3.89%	-99.5%	-99.3%	-11.1%	+9.16%	+18.4K%	+17.3K%	+37.7%	+17.7%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.2T	1.3T	1.3T	1.3T	1.4T	1.6T	1.6T	1.8T	1.8T	2.2T
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	857.1B	933.9B	936B	1T	1.1T	1.2T	1.3T	1.4T	1.4T	1.6T
Operating expenses	857.1B	933.9B	936B	1T	1.1T	1.2T	1.3T	1.4T	1.4T	1.6T
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	425B	435.5B	395.7B	412.6B	287.6B	509.4B	392.2B	470B	480.5B	691.4B
Income tax	144B	113.9B	68.7B	105.8B	90.7B	186.6B	95.2B	131.4B	128.8B	233.1B
Net income	280.9B	321.6B	327B	306.7B	196.8B	322.9B	296.9B	338.6B	351.6B	458.3B
Net margin	23%	24.8%	25.2%	23%	13.8%	20.7%	18.2%	18.8%	19.2%	21.1%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	1K	1.2K	1.3K	1.2K	777.7	1.3K	1.2K	1.5K	307.7	400.3
Diluted EPS	1K	1.2K	1.3K	1.2K	777	1.3K	1.2K	1.5K	307.2	399.4

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	434.9B	424.5B	495.6B	526.3B	2.4B	3.2B	440.6B	574.5B	435.6B	552.3B	606.6B	676B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	346.9B	322.5B	389.6B	359.8B	2B	2.5B	359.8B	358.1B	397.4B	420.8B	427.4B	433.9B
Operating expenses	346.9B	322.5B	389.6B	359.8B	2B	2.5B	359.8B	358.1B	397.4B	420.8B	427.4B	433.9B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	95.1B	125.5B	160B	120.2B	885.4M	805M	97.1B	155.5B	236B	176.2B	123.7B	406.1B
Income tax	28.6B	38.6B	39B	35B	257.9M	234.5M	17.1B	46.2B	70.4B	55.7B	60.8B	125.6B
Net income	66.5B	87B	121B	85.2B	627.5M	570.5M	79.9B	109.3B	165.6B	120.6B	62.9B	285B
Net margin	15.3%	20.5%	24.4%	16.2%	26.7%	17.9%	18.1%	19%	38%	21.8%	10.4%	42.2%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	280.3	394.6	—	75.4	—	—	—	94.6	—	—	—	256.1
Diluted EPS	279.8	393.9	—	75.3	—	—	—	94.4	—	—	—	255.6

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	1T	1.3T	1.2T	2.6T	3T	3.1T	3.5T	3.7T	3.8T	3.9T
Receivables	283.4B	294.8B	280.6B	312.7B	354.3B	359.9B	441.8B	401.4B	411B	495.9B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	3.4T	3.5T	3.5T	2.7T	2.1T	2.2T	2.2T	2.1T	2.1T	2.2T
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	16.3T	16.9T	18T
Accounts payable	251.8B	262.3B	293.5B	282.7B	260.7B	291.4B	366.9B	362.5B	339.8B	356B
Short-term debt	283.5B	306.8B	309.5B	336.8B	307.3B	439.6B	508.8B	570.8B	549.7B	572.2B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	3.9T	3.8T	4.2T	4.3T	4.4T	4.4T	5.2T	5.6T	5.7T	6T
Total liabilities	—	—	—	—	—	—	—	12.3T	12.7T	13.4T
Shareholders' equity	2.6T	2.8T	3T	3.1T	3.1T	3.4T	3.6T	4T	4.2T	4.6T
Total debt	4.1T	4.1T	4.5T	4.6T	4.7T	4.9T	5.7T	6.2T	6.3T	6.5T
Net debt	3.1T	2.8T	3.3T	3.6T	3.8T	3.9T	4.5T	5.2T	5.1T	5.2T

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	3.2T	3.4T	3.7T	992.8B	24.4B	7.1B	3.8T	1.2T	4T	1.3T	3.9T	968.9B
Receivables	373.8B	381.5B	401.4B	382B	2.3B	2.5B	411B	406.8B	413.1B	473.9B	495.9B	466.6B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	3.2T	2.6T	2.1T	3T	19.1B	19.1B	2.1T	2.1T	2.2T	2.2T	2.2T	3.1T
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	16.3T	16.5T	105.7B	107.8B	16.9T	17T	17.6T	18.1T	18T	18.3T
Accounts payable	329.8B	330.6B	362.5B	323.1B	1.9B	1.9B	339.8B	314.9B	317.2B	333.7B	356B	325.7B
Short-term debt	586.4B	639.3B	570.8B	642.1B	4.8B	4.7B	549.7B	629.9B	609.9B	691.2B	572.2B	582.7B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	5.4T	5.3T	5.6T	5.7T	35.6B	36.7B	5.7T	5.8T	5.9T	6T	6T	5.7T
Total liabilities	—	—	12.3T	12.3T	80B	81.2B	12.7T	12.8T	13T	13.4T	13.4T	13.4T
Shareholders' equity	3.8T	3.8T	4T	4.2T	25.7B	26.6B	4.2T	4.2T	4.6T	4.7T	4.6T	4.8T
Total debt	6T	6T	6.2T	6.4T	40.4B	41.4B	6.3T	6.4T	6.5T	6.7T	6.5T	6.3T
Net debt	5.1T	5.1T	5.2T	5.4T	32.8B	34.3B	5.1T	5.2T	5.2T	5.4T	5.2T	5.3T

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	280.9B	321.6B	327B	306.7B	196.8B	322.9B	296.9B	338.6B	351.6B	458.3B
Depreciation & amortization	253.7B	279.9B	295.6B	304.2B	316B	320.3B	340.3B	364.2B	399.5B	404.8B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	52.3B	105.3B	117.7B	154.2B	216.4B	226.5B	105B	120.8B	284.3B	353.8B
Operating cash flow	640.3B	776.6B	695.8B	1.2T	1.1T	1.2T	1.1T	1.3T	1.5T	1.4T
Capital expenditure	-668.6B	-765.3B	-631B	-653.4B	-621.8B	-770.2B	-846.6B	-938.1B	-983.9B	—
Investing cash flow	20.5B	-226.7B	-653B	-1.1T	-1.2T	-790.4B	-1.2T	-1.3T	-1.1T	6.2B
Dividends paid	-61.3B	-72.8B	-88.4B	-103.8B	-95.2B	-99.4B	-106.3B	-99.9B	-135.6B	-170.8B
Share repurchases	-12.1B	-39.1B	-707M	-45.7B	-55.4B	-50B	-52.1B	-50B	-53.5B	-150B
Financing cash flow	-249.8B	-2.3B	-3.2B	-15.5B	-45.9B	-271.5B	468.9B	-83.9B	-153.3B	-336.1B
Net change in cash	410.9B	547.6B	39.6B	138.1B	-69.5B	171B	416.9B	-124.4B	223.5B	1T
Free cash flow	-406.1B	-482.5B	-472.6B	49.6B	341.7B	186.1B	-167B	42.5B	-57.5B	37.1B

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	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24
Net income	70.6B	82.1B	63B	101.9B	64.3B	61.8B	91B	63B	64.2B	66.5B	87B	121B
Depreciation & amortization	81.7B	82.5B	82.5B	83.6B	79.3B	81.2B	90.7B	93B	85.4B	93.1B	95B	90.7B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	90.2B	43.1B	29B	104.7B	49.3B	58B	-27.3B	54.7B	44B	-6.9B	-4.3B	57.6B
Operating cash flow	277.7B	419.7B	180.4B	390.9B	-9.6B	339B	344.4B	455.9B	211.6B	423.2B	355.4B	238.6B
Capital expenditure	-142.8B	-218.3B	-193.9B	-215.2B	-149.4B	-186.6B	-260.2B	-250.5B	-286.4B	-256.3B	-251.1B	-144.3B
Investing cash flow	-126.4B	-313.4B	-304.5B	-44.6B	-279.9B	-235.9B	-192.5B	-441.5B	-433.9B	-390.5B	-318.7B	-156.6B
Dividends paid	-52.4B	0	-47B	0	-55.7B	0	-50.6B	0	-50.2B	0	-49.7B	0
Share repurchases	-10.2B	-20.3B	-19.5B	0	-10.3B	-22.8B	-18.9B	0	-10.2B	-21.3B	-18.5B	0
Financing cash flow	-20.5B	-23.9B	25.4B	-252.5B	149.7B	-58.3B	-55.5B	473.2B	-133.7B	66.6B	32.8B	-49.7B
Net change in cash	130.8B	82.4B	-98.7B	93.7B	-139.7B	44.8B	96.5B	487.6B	-355.9B	99.3B	69.5B	32.3B
Free cash flow	35.5B	118.2B	-57.4B	89.7B	-255.2B	40.1B	17.9B	30.3B	-124.3B	57.7B	43B	66.2B

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	603.6B	714.7B	571.1B	467.8B	651.1B	746B	601.5B	—	—	33.5B	33.5B
Enterprise value	3.7T	3.5T	3.9T	2.5T	2.4T	2.5T	2.9T	—	—	2.7T	2.7T
Shares outstanding	40.6B	39.8B	39.7B	39.6B	38.4B	37.4B	36.6B	231.9M	1.1B	1.1B	1.1B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	2.15	2.22	1.75	1.53	3.31	2.31	2.03	—	—	0.07	0.07
P/S	0.5	0.55	0.44	0.35	0.46	0.48	0.37	—	—	0.02	0.02
P/B	0.23	0.26	0.19	0.15	0.21	0.22	0.17	—	—	0.01	0.01
EV/Sales	3.04	2.72	3.01	1.86	1.7	1.59	1.75	—	—	1.25	1.25
Earnings yield	46.5%	45%	57.3%	65.6%	30.2%	43.3%	49.4%	—	—	1.4K%	1.4K%
FCF yield	-67.3%	-67.5%	-82.8%	10.6%	52.5%	24.9%	-27.8%	—	—	110.8%	110.8%

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Net margin	23%	24.8%	25.2%	23%	13.8%	20.7%	18.2%	18.8%	19.2%	21.1%	21.1%
ROE	10.6%	11.5%	11.1%	10%	6.34%	9.58%	8.22%	8.42%	8.43%	9.91%	9.91%
ROA	—	—	—	—	—	—	—	2.07%	2.08%	2.55%	2.55%
Return on tangible assets	—	—	—	—	—	—	—	2.07%	2.08%	2.55%	2.55%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Debt / equity	1.56	1.48	1.52	1.51	1.52	1.44	1.58	1.54	1.51	1.41	1.41
Debt / assets	—	—	—	—	—	—	—	0.38	0.37	0.36	0.36
Effective tax rate	33.9%	26.2%	17.4%	25.7%	31.6%	36.6%	24.3%	28%	26.8%	33.7%	33.7%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	30	32.6	32.6	33.6	37	41.8	44.5	7.7K	1.6K	1.9K	1.9K
EPS (basic)	1K	1.2K	1.3K	1.2K	777.7	1.3K	1.2K	1.5K	307.7	400.3	400.3
EPS (diluted)	1K	1.2K	1.3K	1.2K	777	1.3K	1.2K	1.5K	307.2	399.4	399.4
Book value per share	65.2	70.4	74.3	77.5	80.8	90.3	98.6	17.3K	3.7K	4.1K	4.1K
FCF per share	-10	-12.1	-11.9	1.25	8.9	4.98	-4.56	183.4	-50.3	33.2	33.2
Cash per share	25.6	33.2	29.2	66	77	83.8	94.6	15.9K	3.3K	3.5K	3.5K
Capex per share	16.5	19.2	15.9	16.5	16.2	20.6	23.1	4K	861.2	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	54.8%	58.9%	48.7%	49.1%	43.7%	49.3%	51.9%	52.2%	53.8%	—	—
Capex / operating cash flow	104.4%	98.5%	90.7%	53.1%	55.2%	62.5%	76.4%	74.5%	66.3%	—	—
Payout ratio	21.8%	22.6%	27%	33.8%	48.4%	30.8%	35.8%	29.5%	38.6%	37.3%	37.3%
Dividend yield	10.2%	10.2%	15.5%	22.2%	14.6%	13.3%	17.7%	—	—	509.8%	509.8%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.403

ex-dividend Mar 31, 2025

Payout ratio

37%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Mar 31, 2025	$0.403
Sep 30, 2024	$0.0823
Mar 27, 2024	$0.072
Mar 27, 2008	$0.2464
Mar 28, 2007	$0.1074
Mar 29, 2005	$0.0369
Mar 29, 2004	$0.021
Mar 27, 2003	$0.0188

Split history

Date	Ratio
Feb 28, 2025	5:1
Apr 1, 2013	1:1
Jun 6, 2000	6:5

ORIX Corporation 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

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

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

ORIX Corporation 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

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

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history