Gen Digital Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Gen Digital Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	4,019	4,834	2,456	2,490	2,551	2,796	3,317	3,800	3,935	5,000
Cost of revenue	853	463	455	393	362	408	589	731	776	1,077
Gross profit	3,166	2,096	2,001	2,097	2,189	2,388	2,728	3,069	3,159	3,923
Research and development	823	455	420	328	267	253	313	332	329	409
Selling and marketing	1,459	841	712	701	576	622	682	733	745	1,228
General and administrative	564	487	410	368	215	392	286	604	291
Operating expenses	3,266	2,250	1,843	1,742	1,293	1,383	1,522	1,959	1,549	1,803
Operating income	-100	-154	158	355	896	1,005	1,206	1,110	1,610	2,120
Interest expense	208	256	208	196	144	126	401	669	578	569
Interest income	21	24	42	80	4	0	15	25	28	25
Other non-operating income	46	654	-57	660	120	163	-22	6	-3	-40
Pre-tax income	-262	244	-107	819	872	1,042	783	447	1,029	1,511
Income tax	-26	-720	3	241	176	206	-551	-160	386	538
Income from continuing operations	-236	964	-110	578	696	836	1,349
Net income	-106	1,138	31	3,887	554	836	1,334	607	643	973
EBITDA	392	486	773	716	1,046	1,145	1,535	1,595	2,029	2,613
EPS, basic	-0.17	1.85	0.05	6.32	0.94	1.44	2.17	0.95	1.04	1.59
EPS, diluted	-0.17	1.70	0.05	6.05	0.92	1.41	2.14	0.95	1.03	1.57
Shares, basic (weighted)	618	616	632	615	589	581	614	637	617	612
Shares, diluted (weighted)	618	668	632	643	600	591	624	642	624	619
Dividend per share	0.30	0.30	0.30	12.40	0.50	0.50	0.50	0.50	0.50	0.50

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	4,247	1,774	1,791	2,177	933	1,887	750	846	1,006	411
Short-term investments	9	388	252	86	18	4	0
Receivables	649	809	708	111	117	120	168	163	171	361
Other current assets	419	522	286	435	237	193	284	334	245	295
Total current assets	5,324	3,493	3,186	3,079	1,538	2,260	1,233	1,358	1,444	1,081
Property, plant and equipment	937	778	663	238	78	60	76	72	60	71
Lease right-of-use assets				88	76	74	43	45	49	54
Goodwill	8,627	2,673	2,677	2,585	2,867	2,873	10,217	10,210	10,237	10,996
Intangible assets	3,004	2,643	1,202	1,067	1,116	1,023	3,097	2,638	2,267	2,096
Other non-current assets	282	526	1,160	678	686	653	1,324	1,515	269	192
Total assets	18,174	15,759	15,938	7,735	6,361	6,943	15,947	15,793	15,495	15,589
Accounts payable	180	168	165	87	52	63	77	66	94	96
Accrued liabilities	272	262	250	115	107	81	102	78	105	115
Deferred revenue	2,353	2,368	1,032	1,049	1,210	1,264	1,708	1,808	1,846	1,904
Short-term debt	1,310	0	491	756	313	1,000	233	175	291	181
Total current liabilities	4,622	3,170	3,766	2,622	2,136	3,065	2,849	2,726	2,851	2,710
Long-term debt	6,876	5,026	3,961	3,465	3,288	2,736	9,529	8,429	7,968	8,015
Lease liabilities				73	66	75	31	38	42	45
Other non-current liabilities	103	87	78	79	60	47	74	671	688	394
Total liabilities	14,687	10,736	10,200	7,725	6,861	7,036	13,747	13,653	13,226	12,978
Total debt	8,186	5,026	4,452	4,221	3,601	3,736	9,762	8,604	8,259	8,196
Paid-in capital	4,236	4,691	4,812	3,356	2,229	1,851	2,800	2,227	2,066	2,341
Retained earnings	-761	328	933	-3,330	-2,776	-1,940	-585	-98	236	269
Other comprehensive income	12	4	-7	-16	47	-4	-15	11	-33	1
Shareholders' equity	3,487	5,023	5,738	10	-500	-126	2,152	2,140	2,269	2,611
Total equity	3,487	5,023	5,738	10	-500	-126	2,152	2,140	2,269	2,611
Total liabilities and equity	18,174	15,759	15,938	7,735	6,361	6,943	15,947	15,793	15,495	15,589
Shares outstanding	608	624	630	589	580	582	640	623	617	598

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	-106	1,138	31	3,887	554	836	1,334	607	643	973
Depreciation and amortization	492	640	615	361	150	140	329	485	419	493
Stock-based compensation	440	610	352	312	81	70	134	138	133	237
Deferred income tax	-208	-1,688	-45	-3	20	-81	-143	-983	-30	100
Change in receivables	45	-170	113	583	3	-9	11	7	-53	-32
Cash from operations	-209	950	1,495	-861	706	974	757	2,064	1,221	1,545
Capital expenditures	-70	-142	-207	-89	-6	-6	-6	-20	-15	-22
Acquisitions	-6,736	-401	-180	0	-344	-39	-6,547	0	-84	-1,032
Purchases of investments	0	-436	0	0			0	0	-4	0
Cash from investing	-6,766	-21	-241	11,379	-69	326	-6,547	2	-100	-1,011
Debt repaid	-90	-3,210	-600					-1,183	-1,311	-3,620
Share buybacks	-500	0	-234	-1,581	-304	0	-904	-441	-272	-634
Dividends paid	-222	-211	-217	-7,481	-373	-303	-314	-323	-313	-312
Cash from financing	5,280	-3,475	-1,209	-10,123	-1,903	-333	4,681	-1,961	-970	-1,133
Exchange rate effect	-41	73	-28	-9	22	-13	-28	-9	9	4
Net change in cash	-1,736	-2,473	17	386	-1,244	954	-1,137	96	160	-595
Free cash flow	-279	808	1,288	-950	700	968	751	2,044	1,206	1,523
Interest paid	143	199	183	179	139	120	390	607	557	626
Income taxes paid	1,081	354	112	1,985	341	356	456	-476	425	445

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 3, 2026; growth uses fiscal years. Valuation uses the share price of $21.62 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	78.0%	Gross profit / revenue.
Operating margin	41.7%	Operating income / revenue.
EBITDA margin	51.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	30.2%	Pre-tax income / revenue.
Net margin	20.7%	Net income / revenue.
FCF margin	30.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	30.9%	Cash from operations / revenue.
Effective tax rate	31.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	39.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	6.7%	Net income / average total assets.
Return on invested capital (ROIC)	14.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	8.2%	Research and development expense / revenue.
Stock-based pay / revenue	4.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.4%	Capital expenditures / revenue.
D&A / revenue	9.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	27.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	14.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	14.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	24.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	12.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	12.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	31.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	20.7%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	18.8%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	28.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	19.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	20.1%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	51.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-10.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	11.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	52.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-9.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	11.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	26.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	26.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	17.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	26.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	26.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	16.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	0.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	15.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	0.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	19.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.47x	Current assets / current liabilities.
Quick ratio	0.35x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.21x	(Cash + short-term investments) / current liabilities.
Debt / equity	3.07x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	52.1%	Total debt / total assets.
Liabilities / assets	83.0%	Total liabilities / total assets.
Net debt	$7.59B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.91x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	3.94x	Operating income / interest expense.
Working capital	-$1.45B	Current assets - current liabilities.
Goodwill and intangibles / assets	83.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$10.33B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.32x	Revenue / average total assets.
Fixed asset turnover	72.6x	Revenue / average property, plant and equipment.
Receivables turnover	13.4x	Revenue / average receivables.
Days sales outstanding	27 days	365 x average receivables / revenue.
Days payables	31 days	365 x average accounts payable / cost of revenue.
FCF conversion	147.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	1.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.75	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$8.42	Revenue / diluted weighted shares.
FCF per share	$2.57	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.60	Cash from operations / diluted weighted shares.
Book value per share	$4.43	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$17.24	Tangible book value / shares outstanding.
Cash per share	$0.94	(Cash + short-term investments) / shares outstanding.
Payout ratio	29.5%	Dividends paid / net income, when net income is positive.
Dividends / FCF	20.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	38.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$12.94B	Share price x shares outstanding.
Enterprise value	$20.53B	Market cap + total debt - cash - short-term investments.
P/E	12.3x	Market cap / net income. Only when net income is positive.
P/S	2.55x	Market cap / revenue.
P/B	4.87x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	8.36x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.24x	Market cap / cash from operations, when positive.
EV/Sales	4.04x	Enterprise value / revenue.
EV/EBIT	9.70x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.87x	Enterprise value / EBITDA, when both are positive.
EV/FCF	13.3x	Enterprise value / free cash flow, when both are positive.
FCF yield	12.0%	Free cash flow / market cap.
Earnings yield	8.1%	Net income / market cap (the inverse of P/E).
Dividend yield	2.4%	Dividends paid over the period / market cap.
Shareholder yield	7.0%	(Dividends paid + share buybacks) / market cap.

What was Gen Digital Inc.'s revenue in fiscal 2026?

Gen Digital Inc. reported revenue of $5.00B for fiscal 2026, 27.1% higher than the year before.

Was Gen Digital Inc. profitable in fiscal 2026?

Yes. Net income was $973.0M, a net margin of 19.5%.

How much free cash flow did Gen Digital Inc. generate in fiscal 2026?

Cash from operations of $1.55B minus capital expenditures of $22.0M left free cash flow of $1.52B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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