NASDAQ : AKAM
Akamai Technologies, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 92.72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 13.33B
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Financial statements
Akamai Technologies, Inc. (AKAM) reported revenue of 4.32B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.32B | 4.21B | 3.99B | 3.81B | 3.62B | 3.46B |
| Cost of Revenue | 1.84B | 1.73B | 1.62B | 1.51B | 1.38B | 1.27B |
| Gross Profit | 2.48B | 2.48B | 2.37B | 2.30B | 2.24B | 2.19B |
| Selling, General & Admin | 1.31B | 1.23B | 1.17B | 1.12B | 1.07B | 1.00B |
| Research & Development | 554.57M | 513.56M | 470.88M | 405.33M | 388.60M | 335.37M |
| Amortization of Goodwill & Intangibles | 105.98M | 111.07M | 92.08M | 66.75M | 64.98M | 48.02M |
| Operating Expenses | 1.97B | 1.85B | 1.73B | 1.60B | 1.52B | 1.39B |
| Operating Income | 515.18M | 628.24M | 636.35M | 707.33M | 718.85M | 807.20M |
| Interest Expense | -33.14M | -30.76M | -27.12M | -17.71M | -11.10M | -72.33M |
| Interest & Investment Income | 86.37M | 70.81M | 100.28M | 45.19M | 3.26M | 15.62M |
| Earnings From Equity Investments | 1.48M | -7.63M | -14.01M | |||
| Currency Exchange Gain (Loss) | -13.99M | -13.99M | -14.46M | -12.60M | -1.53M | -1.90M |
| EBT Excluding Unusual Items | 549.21M | 654.30M | 695.06M | 723.69M | 701.85M | 734.59M |
| Merger & Restructuring Charges | -59.50M | -61.30M | -102.94M | -69.99M | -42.58M | -24.05M |
| Gain (Loss) on Sale of Investments | 9.40M | 9.40M | -5.10M | 300.00K | -8.90M | 3.68M |
| Pretax Income | 499.11M | 602.40M | 587.01M | 654.00M | 650.37M | 714.21M |
| Income Tax Expense | 88.14M | 150.37M | 82.09M | 106.37M | 126.70M | 62.57M |
| Net Income | 410.96M | 452.03M | 504.92M | 547.63M | 523.67M | 651.64M |
| Net Income to Common | 410.96M | 452.03M | 504.92M | 547.63M | 523.67M | 651.64M |
| Shares Outstanding (Basic) | 144.43M | 145.40M | 151.39M | 152.51M | 159.09M | 162.66M |
| Shares Outstanding (Diluted) | 148.87M | 147.02M | 154.35M | 155.40M | 160.47M | 165.80M |
| EPS (Basic) | 2.85 | 3.11 | 3.34 | 3.59 | 3.29 | 4.01 |
| EPS (Diluted) | 2.75 | 3.07 | 3.27 | 3.52 | 3.26 | 3.93 |
| Free Cash Flow | 956.10M | 981.05M | 995.90M | 769.54M | 1.03B | 1.08B |
| Free Cash Flow Per Share | 6.42 | 6.67 | 6.45 | 4.95 | 6.44 | 6.49 |
| Gross Margin | 57.45% | 58.95% | 59.39% | 60.44% | 61.88% | 63.34% |
| Operating Margin | 11.92% | 14.93% | 15.94% | 18.56% | 19.88% | 23.32% |
| Profit Margin | 9.51% | 10.74% | 12.65% | 14.37% | 14.48% | 18.83% |
| Free Cash Flow Margin | 22.12% | 23.31% | 24.95% | 20.19% | 28.57% | 31.08% |
| EBITDA | 1.08B | 1.18B | 1.12B | 1.10B | 1.15B | 1.19B |
| EBITDA Margin | 24.98% | 28.06% | 27.96% | 28.88% | 31.68% | 34.49% |
| D&A For EBITDA | 564.72M | 552.64M | 479.66M | 393.70M | 427.00M | 386.47M |
| EBIT | 515.18M | 628.24M | 636.35M | 707.33M | 718.85M | 807.20M |
| EBIT Margin | 11.92% | 14.93% | 15.94% | 18.56% | 19.88% | 23.32% |
| Effective Tax Rate | 17.66% | 24.96% | 13.98% | 16.27% | 19.48% | 8.76% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.48B | 930.23M | 517.71M | 489.47M | 542.34M | 536.73M |
| Short-Term Investments | 1.88B | 256.30M | 1.08B | 374.97M | 562.98M | 541.47M |
| Cash & Short-Term Investments | 3.36B | 1.19B | 1.60B | 864.44M | 1.11B | 1.08B |
| Receivables | 953.45M | 793.67M | 727.69M | 724.30M | 679.21M | 675.93M |
| Prepaid Expenses | 262.57M | 115.90M | 98.16M | 96.31M | 98.83M | 74.07M |
| Other Current Assets | 78.68M | 190.58M | 155.66M | 119.80M | 86.21M | 92.24M |
| Total Current Assets | 4.65B | 2.29B | 2.58B | 1.80B | 1.97B | 1.92B |
| Property, Plant & Equipment | 4.33B | 3.80B | 3.00B | 2.73B | 2.35B | 2.35B |
| Long-Term Investments | 1.26B | 764.93M | 296.09M | 1.45B | 320.53M | 1.09B |
| Goodwill | 3.20B | 3.21B | 3.15B | 2.85B | 2.76B | 2.16B |
| Other Intangible Assets | 564.28M | 614.54M | 727.59M | 536.14M | 441.72M | 313.23M |
| Long-Term Deferred Tax Assets | 852.38M | 622.78M | 483.25M | 418.30M | 337.68M | 168.34M |
| Long-Term Deferred Charges | 83.52M | 92.53M | 59.00M | 42.74M | 29.07M | 30.44M |
| Other Long-Term Assets | 134.33M | 88.50M | 71.88M | 62.00M | 87.45M | 111.85M |
| Total Assets | 15.07B | 11.48B | 10.37B | 9.90B | 8.30B | 8.14B |
| Accounts Payable | 273.38M | 125.05M | 130.45M | 146.93M | 145.42M | 109.93M |
| Accrued Expenses | 277.77M | 266.37M | 294.51M | 282.16M | 290.56M | 338.64M |
| Current Portion of Long-Term Debt | 1.71B | 1.15B | ||||
| Current Portion of Leases | 370.45M | 336.61M | 259.13M | 222.94M | 196.09M | 175.68M |
| Current Income Taxes Payable | 53.26M | 76.38M | 70.02M | 76.46M | 72.95M | |
| Current Unearned Revenue | 200.27M | 151.19M | 149.22M | 107.54M | 105.11M | 86.52M |
| Other Current Liabilities | 13.78M | 35.04M | 32.52M | 6.44M | 5.23M | 6.62M |
| Total Current Liabilities | 2.84B | 967.52M | 2.09B | 836.04M | 818.87M | 790.34M |
| Long-Term Debt | 5.86B | 4.11B | 2.40B | 3.54B | 2.29B | 1.98B |
| Long-Term Leases | 1.41B | 1.23B | 829.66M | 774.81M | 693.26M | 707.09M |
| Long-Term Unearned Revenue | 21.34M | 17.09M | 26.31M | 23.01M | 22.12M | 25.34M |
| Long-Term Deferred Tax Liabilities | 40.08M | 31.09M | 16.07M | 24.62M | 18.40M | 40.97M |
| Other Long-Term Liabilities | 159.31M | 147.80M | 130.37M | 106.18M | 105.31M | 68.75M |
| Total Liabilities | 10.32B | 6.50B | 5.49B | 5.30B | 3.94B | 3.61B |
| Common Stock | 1.53M | 1.50M | 1.56M | 1.51M | 1.56M | 1.60M |
| Additional Paid-In Capital | 2.29B | 2.08B | 2.62B | 2.22B | 2.58B | 3.34B |
| Retained Earnings | 3.61B | 3.42B | 2.97B | 2.47B | 1.92B | 1.26B |
| Treasury Stock | -1.04B | -434.79M | -558.49M | |||
| Comprehensive Income & Other | -116.89M | -94.76M | -155.99M | -95.33M | -140.33M | -69.11M |
| Shareholders' Equity | 4.75B | 4.98B | 4.88B | 4.60B | 4.36B | 4.53B |
| Total Liabilities & Equity | 15.07B | 11.48B | 10.37B | 9.90B | 8.30B | 8.14B |
| Total Debt | 9.34B | 5.68B | 4.63B | 4.54B | 3.17B | 2.86B |
| Net Cash (Debt) | -4.72B | -3.76B | -2.76B | -2.24B | -1.75B | -692.69M |
| Net Cash Per Share | -31.72 | -25.54 | -17.90 | -14.42 | -10.90 | -4.18 |
| Filing Date Shares Outstanding | 143.72M | 144.89M | 150.32M | 151.53M | 156.28M | 160.35M |
| Total Common Shares Outstanding | 143.59M | 144.71M | 150.03M | 151.23M | 156.49M | 160.51M |
| Working Capital | 1.81B | 1.32B | 486.77M | 968.82M | 1.15B | 1.13B |
| Book Value Per Share | 33.07 | 34.40 | 32.52 | 30.40 | 27.86 | 28.22 |
| Tangible Book Value | 981.38M | 1.16B | 999.70M | 1.21B | 1.15B | 2.06B |
| Tangible Book Value Per Share | 6.83 | 7.99 | 6.66 | 8.00 | 7.38 | 12.84 |
| Machinery | 3.16B | 2.77B | 2.56B | 2.25B | 2.10B | |
| Leasehold Improvements | 198.38M | 197.66M | 214.71M | 229.04M | 227.36M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 410.96M | 452.03M | 504.92M | 547.63M | 523.67M | 651.64M |
| Depreciation & Amortization | 564.72M | 552.64M | 479.66M | 393.70M | 427.00M | 386.47M |
| Other Amortization | 172.68M | 163.03M | 175.27M | 182.42M | 170.15M | 230.19M |
| Loss (Gain) From Sale of Investments | -57.00K | -9.37M | 5.07M | -311.00K | 15.89M | 10.33M |
| Stock-Based Compensation | 509.62M | 459.40M | 393.38M | 328.47M | 217.19M | 202.76M |
| Other Operating Activities | 28.01M | 74.11M | -4.78M | 27.23M | -73.91M | -36.30M |
| Change in Accounts Receivable | -198.12M | -59.44M | -22.30M | -49.20M | -21.21M | -24.10M |
| Change in Accounts Payable | 20.87M | -48.58M | 344.00K | -39.83M | -26.50M | 31.52M |
| Change in Unearned Revenue | 17.82M | -13.05M | 20.69M | 48.00K | 16.71M | -2.87M |
| Change in Other Net Operating Assets | -79.31M | -52.01M | -33.07M | -41.72M | 25.68M | -45.09M |
| Operating Cash Flow | 1.45B | 1.52B | 1.52B | 1.35B | 1.27B | 1.40B |
| Capital Expenditures | -491.09M | -537.72M | -523.27M | -578.89M | -241.27M | -328.97M |
| Cash Acquisitions | -55.94M | -55.11M | -434.07M | -106.17M | -872.09M | -598.83M |
| Sale (Purchase) of Intangibles | -326.22M | -311.71M | -294.83M | -272.13M | -217.04M | -216.26M |
| Investment in Securities | -2.43B | 369.09M | 449.52M | -884.97M | 714.21M | 501.48M |
| Other Investing Activities | -1.88M | -5.29M | 3.97M | -6.07M | -6.12M | -4.32M |
| Investing Cash Flow | -3.31B | -540.74M | -798.68M | -1.85B | -622.31M | -646.90M |
| Short-Term Debt Issued | 250.00M | 90.00M | 125.00M | |||
| Long-Term Debt Issued | 1.70B | 1.25B | ||||
| Total Debt Issued | 3.45B | 1.95B | 1.34B | 125.00M | ||
| Short-Term Debt Repaid | -250.00M | -90.00M | -125.00M | |||
| Long-Term Debt Repaid | -1.15B | |||||
| Total Debt Repaid | -1.40B | -90.00M | -125.00M | |||
| Net Debt Issued (Repaid) | 3.45B | 551.21M | 1.25B | |||
| Issuance of Common Stock | 69.18M | 62.45M | 61.51M | 62.98M | 56.46M | 59.63M |
| Repurchase of Common Stock | -791.66M | -923.73M | -730.64M | -720.27M | -690.25M | -621.37M |
| Other Financing Activities | -239.02M | -277.96M | -10.50M | -146.72M | -393.00K | -268.00K |
| Financing Cash Flow | 2.49B | -588.04M | -679.63M | 443.38M | -634.18M | -562.00M |
| Foreign Exchange Rate Adjustments | 1.32M | 22.24M | -12.24M | 3.87M | -12.92M | -11.38M |
| Net Cash Flow | 630.28M | 412.22M | 28.61M | -52.55M | 5.27M | 184.28M |
| Free Cash Flow | 956.10M | 981.05M | 995.90M | 769.54M | 1.03B | 1.08B |
| Free Cash Flow Margin | 22.12% | 23.31% | 24.95% | 20.19% | 28.57% | 31.08% |
| Free Cash Flow Per Share | 6.42 | 6.67 | 6.45 | 4.95 | 6.44 | 6.49 |
| Levered Free Cash Flow | 710.06M | 578.66M | 682.36M | 431.22M | 815.79M | 766.39M |
| Unlevered Free Cash Flow | 721.79M | 590.83M | 692.79M | 436.95M | 818.33M | 745.57M |
| Cash Interest Paid | 23.91M | 23.29M | 20.42M | 6.33M | 6.16M | 5.75M |
| Cash Income Tax Paid | 143.55M | 143.55M | 136.32M | 134.48M | 183.90M | 100.53M |
| Change in Working Capital | -238.75M | -173.08M | -34.34M | -130.70M | -5.32M | -40.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.33B | 12.55B | 14.37B | 17.85B | 13.26B | 19.02B |
| Enterprise Value | 18.05B | 15.97B | 17.04B | 20.20B | 15.06B | 19.11B |
| Last Close Price | 92.72 | 87.25 | 95.65 | 118.35 | 84.30 | 117.04 |
| PE Ratio | 33.67 | 27.77 | 28.46 | 32.60 | 25.31 | 29.18 |
| Forward PE | 14.07 | 12.12 | 14.63 | 18.00 | 15.72 | 20.14 |
| PS Ratio | 3.08 | 2.98 | 3.60 | 4.68 | 3.67 | 5.49 |
| PB Ratio | 2.80 | 2.52 | 2.95 | 3.88 | 3.04 | 4.20 |
| P/TBV Ratio | 13.58 | 10.86 | 14.37 | 14.75 | 11.48 | 9.23 |
| P/FCF Ratio | 13.94 | 12.79 | 14.43 | 23.20 | 12.83 | 17.68 |
| P/OCF Ratio | 9.21 | 8.27 | 9.46 | 13.24 | 10.40 | 13.54 |
| PEG Ratio | 2.26 | 1.74 | 1.91 | 1.66 | 1.31 | 1.68 |
| EV/Sales Ratio | 4.18 | 3.79 | 4.27 | 5.30 | 4.16 | 5.52 |
| EV/EBITDA Ratio | 16.71 | 13.52 | 15.27 | 18.35 | 13.14 | 16.01 |
| EV/EBIT Ratio | 35.03 | 25.42 | 26.78 | 28.57 | 20.95 | 23.67 |
| EV/FCF Ratio | 18.88 | 16.28 | 17.11 | 26.26 | 14.57 | 17.77 |
| Debt / Equity Ratio | 1.97 | 1.14 | 0.95 | 0.99 | 0.73 | 0.63 |
| Debt / EBITDA Ratio | 6.22 | 3.54 | 3.10 | 3.16 | 2.21 | 1.95 |
| Debt / FCF Ratio | 9.77 | 5.79 | 4.65 | 5.89 | 3.07 | 2.66 |
| Net Debt / Equity Ratio | 0.99 | 0.76 | 0.57 | 0.49 | 0.40 | 0.15 |
| Net Debt / EBITDA Ratio | 4.37 | 3.18 | 2.48 | 2.04 | 1.53 | 0.58 |
| Net Debt / FCF Ratio | 4.94 | 3.83 | 2.77 | 2.91 | 1.69 | 0.64 |
| Asset Turnover | 0.34 | 0.39 | 0.39 | 0.42 | 0.44 | 0.43 |
| Quick Ratio | 1.52 | 2.05 | 1.11 | 1.90 | 2.18 | 2.22 |
| Current Ratio | 1.64 | 2.36 | 1.23 | 2.16 | 2.40 | 2.43 |
| Return on Equity (ROE) | 8.92% | 9.17% | 10.66% | 12.23% | 11.78% | 14.84% |
| Return on Assets (ROA) | 2.51% | 3.59% | 3.92% | 4.86% | 5.46% | 6.35% |
| Return on Invested Capital (ROIC) | 4.12% | 5.42% | 6.76% | 8.06% | 9.09% | 12.03% |
| Return on Capital Employed (ROCE) | 4.20% | 6.00% | 7.70% | 7.80% | 9.60% | 11.00% |
| Earnings Yield | 2.97% | 3.60% | 3.51% | 3.07% | 3.95% | 3.43% |
| FCF Yield | 7.17% | 7.82% | 6.93% | 4.31% | 7.80% | 5.66% |
| Buyback Yield / Dilution | 1.19% | 4.75% | 0.68% | 3.16% | 3.22% | -0.36% |