NASDAQ : DOX
Amdocs Limited — Financial statements
Technology · Software - Infrastructure · United States
Last price 62.22 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.50B
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Financial statements
Amdocs Limited (DOX) reported revenue of 4.65B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.65B | 4.53B | 5.00B | 4.89B | 4.58B | 4.29B |
| Cost of Revenue | 2.87B | 2.81B | 3.25B | 3.16B | 2.96B | 2.81B |
| Gross Profit | 1.78B | 1.72B | 1.76B | 1.73B | 1.62B | 1.48B |
| Selling, General & Admin | 538.46M | 506.11M | 572.85M | 570.71M | 528.57M | 487.25M |
| Research & Development | 343.21M | 340.85M | 360.80M | 374.86M | 354.71M | 312.94M |
| Amortization of Goodwill & Intangibles | 70.70M | 62.42M | 62.05M | 57.16M | 71.08M | 78.78M |
| Operating Expenses | 952.37M | 909.38M | 995.70M | 1.00B | 954.35M | 878.98M |
| Operating Income | 828.59M | 812.20M | 759.70M | 724.89M | 664.80M | 598.69M |
| Interest Expense | -57.55M | -42.44M | -34.89M | -23.09M | -16.91M | -21.27M |
| Interest & Investment Income | 9.15M | 9.15M | 17.45M | 21.25M | 7.82M | 4.82M |
| Currency Exchange Gain (Loss) | 4.45M | -5.93M | -13.21M | -12.06M | -16.72M | -1.11M |
| Other Non Operating Income (Expenses) | 792.00K | 792.00K | -6.89M | -3.73M | -581.00K | 6.77M |
| EBT Excluding Unusual Items | 785.43M | 773.78M | 722.16M | 707.26M | 638.41M | 587.90M |
| Merger & Restructuring Charges | -201.89M | -80.54M | -131.09M | -70.90M | ||
| Gain (Loss) on Sale of Assets | 10.00M | 226.41M | ||||
| Pretax Income | 583.55M | 693.24M | 591.07M | 636.36M | 648.41M | 814.31M |
| Income Tax Expense | 126.01M | 125.47M | 94.75M | 93.40M | 98.91M | 125.93M |
| Earnings From Continuing Operations | 457.53M | 567.77M | 496.32M | 542.96M | 549.50M | 688.37M |
| Minority Interest in Earnings | -3.66M | -3.06M | -3.12M | -2.25M | ||
| Net Income | 453.88M | 564.70M | 493.20M | 540.71M | 549.50M | 688.37M |
| Net Income to Common | 455.71M | 564.70M | 493.20M | 540.71M | 549.50M | 688.37M |
| Shares Outstanding (Basic) | 107.46M | 111.15M | 115.49M | 119.69M | 122.81M | 128.50M |
| Shares Outstanding (Diluted) | 107.89M | 111.75M | 116.14M | 120.52M | 123.65M | 129.28M |
| EPS (Basic) | 4.24 | 5.08 | 4.27 | 4.52 | 4.47 | 5.36 |
| EPS (Diluted) | 4.22 | 5.05 | 4.25 | 4.49 | 4.44 | 5.32 |
| Free Cash Flow | 638.84M | 645.14M | 618.93M | 698.27M | 529.50M | 715.04M |
| Free Cash Flow Per Share | 5.92 | 5.77 | 5.33 | 5.79 | 4.28 | 5.53 |
| Dividend Per Share | 2.19 | 2.06 | 1.87 | 1.70 | 1.54 | 1.41 |
| Gross Margin | 38.27% | 37.98% | 35.07% | 35.35% | 35.38% | 34.46% |
| Operating Margin | 17.81% | 17.92% | 15.18% | 14.83% | 14.53% | 13.96% |
| Profit Margin | 9.79% | 12.46% | 9.85% | 11.06% | 12.01% | 16.05% |
| Free Cash Flow Margin | 13.73% | 14.23% | 12.37% | 14.29% | 11.57% | 16.67% |
| EBITDA | 1.04B | 1.01B | 954.93M | 922.85M | 889.33M | 807.52M |
| EBITDA Margin | 22.26% | 22.23% | 19.08% | 18.88% | 19.43% | 18.83% |
| D&A For EBITDA | 207.08M | 195.44M | 195.23M | 197.96M | 224.53M | 208.83M |
| EBIT | 828.59M | 812.20M | 759.70M | 724.89M | 664.80M | 598.69M |
| EBIT Margin | 17.81% | 17.92% | 15.18% | 14.83% | 14.53% | 13.96% |
| Effective Tax Rate | 21.59% | 18.10% | 16.03% | 14.68% | 15.25% | 15.47% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 206.45M | 325.00M | 346.08M | 520.08M | 573.38M | 709.06M |
| Short-Term Investments | 168.24M | 222.45M | 244.60M | 256.53M | ||
| Cash & Short-Term Investments | 206.45M | 325.00M | 514.33M | 742.53M | 817.98M | 965.59M |
| Accounts Receivable | 1.01B | 935.75M | 1.03B | 944.48M | 946.78M | 866.82M |
| Other Receivables | 55.85M | 37.25M | 44.53M | 56.96M | 53.92M | |
| Receivables | 1.01B | 991.61M | 1.07B | 989.01M | 1.00B | 920.74M |
| Prepaid Expenses | 345.68M | 232.11M | 185.31M | 168.54M | 169.40M | 169.97M |
| Other Current Assets | 30.99M | 43.42M | 5.94M | 11.55M | 12.03M | 11.19M |
| Total Current Assets | 1.59B | 1.59B | 1.77B | 1.91B | 2.00B | 2.07B |
| Property, Plant & Equipment | 901.67M | 950.64M | 904.86M | 951.86M | 971.17M | 931.93M |
| Goodwill | 2.99B | 2.89B | 2.84B | 2.75B | 2.66B | 2.62B |
| Other Intangible Assets | 238.03M | 156.28M | 160.73M | 181.54M | 178.31M | 259.03M |
| Long-Term Accounts Receivable | 153.60M | 104.20M | 75.05M | 45.18M | 27.42M | 38.25M |
| Other Long-Term Assets | 544.37M | 555.89M | 629.42M | 586.41M | 547.52M | 592.42M |
| Total Assets | 6.42B | 6.25B | 6.39B | 6.43B | 6.39B | 6.51B |
| Accounts Payable | 343.81M | 371.17M | 305.93M | 293.34M | 134.40M | 121.20M |
| Accrued Expenses | 625.58M | 539.61M | 676.07M | 491.73M | 416.83M | 481.18M |
| Short-Term Debt | 280.00M | |||||
| Current Portion of Leases | 34.68M | 38.73M | 39.98M | 39.96M | 43.34M | 58.71M |
| Current Income Taxes Payable | 39.15M | 34.13M | 47.70M | 47.47M | 34.20M | 34.72M |
| Current Unearned Revenue | 144.33M | 118.86M | 115.25M | 170.63M | 253.69M | 237.37M |
| Other Current Liabilities | 234.95M | 256.30M | 285.99M | 310.24M | 370.22M | 370.68M |
| Total Current Liabilities | 1.70B | 1.36B | 1.47B | 1.35B | 1.25B | 1.30B |
| Long-Term Debt | 647.37M | 646.90M | 646.29M | 645.70M | 645.12M | 644.55M |
| Long-Term Leases | 124.97M | 140.78M | 103.46M | 121.65M | 138.38M | 177.91M |
| Long-Term Unearned Revenue | 9.16M | 9.89M | 836.00K | 805.00K | 69.91M | 108.67M |
| Long-Term Deferred Tax Liabilities | 230.18M | 218.77M | 197.92M | 252.61M | 312.24M | 304.54M |
| Other Long-Term Liabilities | 374.59M | 404.03M | 467.54M | 484.58M | 411.80M | 337.05M |
| Total Liabilities | 3.09B | 2.78B | 2.89B | 2.86B | 2.83B | 2.88B |
| Common Stock | 4.65M | 4.62M | 4.60M | 4.57M | 4.55M | 4.52M |
| Additional Paid-In Capital | 4.70B | 4.57B | 4.41B | 4.24B | 4.11B | 3.95B |
| Retained Earnings | 7.35B | 7.16B | 6.83B | 6.55B | 6.21B | 5.85B |
| Treasury Stock | -8.76B | -8.34B | -7.78B | -7.22B | -6.73B | -6.22B |
| Comprehensive Income & Other | 1.44M | 22.64M | -4.41M | -53.27M | -72.48M | 9.34M |
| Total Common Equity | 3.29B | 3.43B | 3.46B | 3.52B | 3.52B | 3.59B |
| Minority Interest | 40.98M | 41.23M | 42.20M | 43.17M | 42.51M | 42.51M |
| Shareholders' Equity | 3.33B | 3.47B | 3.50B | 3.57B | 3.56B | 3.64B |
| Total Liabilities & Equity | 6.42B | 6.25B | 6.39B | 6.43B | 6.39B | 6.51B |
| Total Debt | 1.09B | 826.40M | 789.74M | 807.31M | 826.83M | 881.17M |
| Net Cash (Debt) | -880.56M | -501.40M | -275.41M | -64.78M | -8.85M | 84.42M |
| Net Cash Per Share | -8.16 | -4.49 | -2.37 | -0.54 | -0.07 | 0.65 |
| Filing Date Shares Outstanding | 104.42M | 107.95M | 112.82M | 116.91M | 120.82M | 124.87M |
| Total Common Shares Outstanding | 104.42M | 108.45M | 112.89M | 117.35M | 120.84M | 124.87M |
| Working Capital | -109.73M | 233.34M | 300.27M | 558.25M | 750.47M | 763.63M |
| Book Value Per Share | 31.48 | 31.62 | 30.62 | 30.03 | 29.11 | 28.77 |
| Tangible Book Value | 62.66M | 382.49M | 451.34M | 593.18M | 676.63M | 711.00M |
| Tangible Book Value Per Share | 0.60 | 3.53 | 4.00 | 5.05 | 5.60 | 5.69 |
| Buildings | 414.06M | 413.74M | 410.64M | 392.11M | 291.26M | |
| Machinery | 1.44B | 1.38B | 1.36B | 1.33B | 1.25B | |
| Leasehold Improvements | 189.24M | 214.32M | 204.05M | 199.97M | 244.86M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 453.88M | 564.70M | 493.20M | 540.71M | 549.50M | 688.37M |
| Depreciation & Amortization | 207.08M | 195.44M | 195.23M | 197.96M | 224.53M | 208.83M |
| Other Amortization | 622.00K | 608.00K | 596.00K | 579.00K | 564.00K | 548.00K |
| Loss (Gain) From Sale of Assets | -10.00M | -226.41M | ||||
| Loss (Gain) From Sale of Investments | 1.62M | 3.49M | 5.58M | 2.76M | 2.73M | 1.73M |
| Stock-Based Compensation | 110.42M | 104.86M | 104.54M | 89.70M | 71.81M | 54.25M |
| Other Operating Activities | 24.93M | 23.36M | -42.55M | -57.96M | -3.29M | -50.60M |
| Change in Accounts Receivable | -79.66M | 79.61M | -104.41M | 3.46M | -64.98M | -69.05M |
| Change in Accounts Payable | 35.77M | -77.04M | 216.32M | 158.88M | -83.93M | 122.22M |
| Change in Unearned Revenue | 6.84M | 8.17M | -60.33M | -157.83M | -22.46M | 193.66M |
| Change in Income Taxes | 10.89M | -15.11M | -47.24M | -11.60M | 15.65M | 26.81M |
| Change in Other Net Operating Assets | -23.57M | -138.99M | -36.50M | 55.98M | 76.59M | -24.55M |
| Operating Cash Flow | 748.82M | 749.10M | 724.43M | 822.63M | 756.72M | 925.81M |
| Capital Expenditures | -109.98M | -103.95M | -105.50M | -124.36M | -227.22M | -210.77M |
| Sale of Property, Plant & Equipment | 328.00K | |||||
| Cash Acquisitions | -242.56M | -86.32M | -86.82M | -121.82M | -24.43M | -142.70M |
| Divestitures | 10.00M | 288.99M | ||||
| Investment in Securities | 90.56M | 188.21M | 64.91M | 21.68M | -12.33M | -258.77M |
| Other Investing Activities | -8.53M | -6.08M | ||||
| Investing Cash Flow | -261.98M | -2.06M | -127.41M | -224.50M | -262.50M | -329.00M |
| Total Debt Issued | 280.00M | |||||
| Short-Term Debt Repaid | -100.00M | |||||
| Total Debt Repaid | -100.00M | |||||
| Net Debt Issued (Repaid) | 280.00M | -100.00M | ||||
| Issuance of Common Stock | 9.96M | 21.29M | 26.95M | 48.68M | 82.92M | 89.06M |
| Repurchase of Common Stock | -563.49M | -551.34M | -563.12M | -489.52M | -508.47M | -680.00M |
| Common Dividends Paid | -232.25M | -224.39M | -211.97M | -199.46M | -186.07M | -177.47M |
| Other Financing Activities | -41.93M | -13.68M | -22.88M | -11.13M | -18.28M | -2.52M |
| Financing Cash Flow | -547.71M | -768.12M | -771.02M | -651.43M | -629.90M | -870.93M |
| Net Cash Flow | -60.86M | -21.09M | -174.00M | -53.30M | -135.69M | -274.12M |
| Free Cash Flow | 638.84M | 645.14M | 618.93M | 698.27M | 529.50M | 715.04M |
| Free Cash Flow Margin | 13.73% | 14.23% | 12.37% | 14.29% | 11.57% | 16.67% |
| Free Cash Flow Per Share | 5.92 | 5.77 | 5.33 | 5.79 | 4.28 | 5.53 |
| Levered Free Cash Flow | 689.54M | 556.92M | 677.63M | 722.63M | 355.55M | 590.53M |
| Unlevered Free Cash Flow | 724.89M | 582.83M | 698.84M | 736.49M | 365.56M | 603.28M |
| Cash Interest Paid | 48.91M | 41.47M | 35.40M | 19.43M | 16.74M | 19.37M |
| Cash Income Tax Paid | 99.84M | 122.42M | 187.51M | 156.39M | 80.42M | 146.44M |
| Change in Working Capital | -49.73M | -143.36M | -32.17M | 48.89M | -79.12M | 249.09M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.56B | 9.02B | 9.99B | 10.06B | 9.69B | 9.59B |
| Enterprise Value | 7.44B | 9.56B | 10.33B | 10.15B | 9.74B | 9.48B |
| Last Close Price | 62.83 | 79.12 | 82.38 | 77.84 | 71.84 | 67.16 |
| PE Ratio | 14.88 | 15.98 | 20.25 | 18.60 | 17.63 | 13.93 |
| Forward PE | 7.99 | 10.94 | 12.63 | 13.36 | 14.05 | 14.81 |
| PS Ratio | 1.41 | 1.99 | 2.00 | 2.06 | 2.12 | 2.23 |
| PB Ratio | 2.00 | 2.60 | 2.85 | 2.82 | 2.72 | 2.64 |
| P/TBV Ratio | 104.69 | 23.59 | 22.13 | 16.95 | 14.32 | 13.48 |
| P/FCF Ratio | 10.27 | 13.99 | 16.14 | 14.40 | 18.30 | 13.40 |
| P/OCF Ratio | 8.76 | 12.05 | 13.79 | 12.22 | 12.80 | 10.35 |
| PEG Ratio | 0.85 | 1.16 | 1.36 | 1.31 | 1.22 | 1.56 |
| EV/Sales Ratio | 1.60 | 2.11 | 2.06 | 2.08 | 2.13 | 2.21 |
| EV/EBITDA Ratio | 7.18 | 9.49 | 10.82 | 11.00 | 10.95 | 11.74 |
| EV/EBIT Ratio | 8.98 | 11.77 | 13.60 | 14.00 | 14.65 | 15.83 |
| EV/FCF Ratio | 11.65 | 14.82 | 16.69 | 14.53 | 18.40 | 13.26 |
| Debt / Equity Ratio | 0.33 | 0.24 | 0.23 | 0.23 | 0.23 | 0.24 |
| Debt / EBITDA Ratio | 0.98 | 0.77 | 0.78 | 0.82 | 0.83 | 0.97 |
| Debt / FCF Ratio | 1.70 | 1.28 | 1.28 | 1.16 | 1.56 | 1.23 |
| Net Debt / Equity Ratio | 0.27 | 0.14 | 0.08 | 0.02 | 0.00 | -0.02 |
| Net Debt / EBITDA Ratio | 0.85 | 0.50 | 0.29 | 0.07 | 0.01 | -0.10 |
| Net Debt / FCF Ratio | 1.38 | 0.78 | 0.45 | 0.09 | 0.02 | -0.12 |
| Asset Turnover | 0.73 | 0.72 | 0.78 | 0.76 | 0.71 | 0.67 |
| Quick Ratio | 0.71 | 0.97 | 1.07 | 1.28 | 1.45 | 1.45 |
| Current Ratio | 0.94 | 1.17 | 1.20 | 1.41 | 1.60 | 1.59 |
| Return on Equity (ROE) | 13.31% | 16.29% | 14.05% | 15.24% | 15.27% | 18.86% |
| Return on Assets (ROA) | 8.12% | 8.04% | 7.41% | 7.07% | 6.44% | 5.82% |
| Return on Invested Capital (ROIC) | 15.31% | 17.17% | 17.23% | 17.18% | 15.83% | 13.93% |
| Return on Capital Employed (ROCE) | 17.60% | 16.60% | 15.50% | 14.30% | 12.90% | 11.50% |
| Earnings Yield | 6.72% | 6.26% | 4.94% | 5.38% | 5.67% | 7.18% |
| FCF Yield | 9.74% | 7.15% | 6.20% | 6.94% | 5.46% | 7.46% |
| Dividend Yield | 3.62% | 2.48% | 2.12% | 1.98% | 1.93% | 1.83% |
| Payout Ratio | 53.89% | 39.74% | 42.98% | 36.89% | 33.86% | 25.78% |
| Buyback Yield / Dilution | 3.52% | 3.79% | 3.63% | 2.53% | 4.36% | 3.69% |
| Total Shareholder Return | 7.14% | 6.26% | 5.75% | 4.52% | 6.29% | 5.52% |