Akamai Technologies (AKAM) Financials

$148.21 +0.98 (+0.67%)

As of 04:00 PM Eastern

Annual Income Statements for Akamai Technologies

This table shows Akamai Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	321	321	223	298	478	557	652	524	548	505	452
Consolidated Net Income / (Loss)	321	321	223	298	478	557	652	524	548	505	452
Net Income / (Loss) Continuing Operations	321	321	223	298	478	557	652	524	548	505	452
Total Pre-Tax Income	457	466	314	343	532	616	728	658	653	587	602
Total Operating Income	466	467	314	362	549	659	783	676	637	533	567
Total Gross Profit	1,472	1,539	1,613	1,761	1,906	2,065	2,192	2,233	2,301	2,370	2,481
Total Revenue	2,197	2,348	2,489	2,714	2,894	3,198	3,461	3,617	3,812	3,991	4,208
Operating Revenue	2,197	2,348	2,489	2,714	2,894	3,198	3,461	3,617	3,812	3,991	4,208
Total Cost of Revenue	726	809	876	953	988	1,133	1,269	1,384	1,511	1,621	1,728
Operating Cost of Revenue	726	809	876	953	988	1,133	1,269	1,384	1,511	1,621	1,728
Total Operating Expenses	1,006	1,072	1,299	1,398	1,357	1,407	1,409	1,557	1,664	1,837	1,914
Selling, General & Admin Expense	388	440	509	574	516	548	553	584	601	622	657
Marketing Expense	441	428	482	517	524	510	462	502	533	557	574
Research & Development Expense	149	168	222	246	261	269	335	391	406	471	514
Amortization Expense	27	27	31	33	39	42	48	65	67	92	111
Restructuring Charge	0.77	10	55	28	17	37	11	14	57	95	58
Total Other Income / (Expense), net	-9.53	-0.15	-0.10	-19	-16	-42	-55	-18	15	54	35
Interest Expense	19	19	19	43	49	69	72	11	18	27	31
Interest & Investment Income	11	15	18	27	34	29	16	3.26	45	100	71
Other Income / (Expense), net	-2.20	3.79	0.89	-3.15	-1.43	-2.45	1.79	-10	-12	-20	-4.59
Income Tax Expense	135	146	91	45	53	46	63	127	106	82	150
Other Gains / (Losses), net	-	-	0.00	0.00	-1.10	-13	-14	-7.64	1.48	0.00	0.00
Basic Earnings per Share	$1.80	$1.83	$1.30	$1.78	$2.94	$3.43	$4.01	$3.29	$3.59	$3.34	$3.11
Weighted Average Basic Shares Outstanding	178.39M	174.92M	171.56M	167.31M	162.71M	162.49M	162.67M	159.09M	152.51M	151.39M	145.40M
Diluted Earnings per Share	$1.78	$1.82	$1.29	$1.76	$2.90	$3.37	$3.93	$3.26	$3.52	$3.27	$3.07
Weighted Average Diluted Shares Outstanding	180.42M	176.22M	172.71M	169.19M	164.57M	165.21M	165.80M	160.47M	155.40M	154.35M	147.02M
Weighted Average Basic & Diluted Shares Outstanding	178.60M	174.70M	175.40M	167.60M	161.88M	163.22M	160.35M	156.28M	151.53M	150.32M	144.89M

This table shows Akamai Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	161	161	175	132	58	140	123	104	140	85	106
Consolidated Net Income / (Loss)	161	161	175	132	58	140	123	104	140	85	106
Net Income / (Loss) Continuing Operations	161	161	175	132	58	140	123	104	140	85	106
Total Pre-Tax Income	179	196	188	167	74	158	173	152	173	104	122
Total Operating Income	176	185	167	148	71	148	155	151	166	95	114
Total Gross Profit	582	602	592	577	596	606	596	617	625	642	602
Total Revenue	965	995	987	980	1,005	1,020	1,015	1,043	1,055	1,095	1,074
Operating Revenue	965	995	987	980	1,005	1,020	1,015	1,043	1,055	1,095	1,074
Total Cost of Revenue	383	393	395	403	409	414	419	427	430	453	471
Operating Cost of Revenue	383	393	395	403	409	414	419	427	430	453	471
Total Operating Expenses	406	417	425	429	525	458	442	465	459	548	488
Selling, General & Admin Expense	147	156	152	154	160	156	156	163	162	176	164
Marketing Expense	132	135	135	139	139	145	134	146	145	149	157
Research & Development Expense	106	109	117	113	120	120	124	126	125	139	142
Amortization Expense	18	17	21	21	24	26	28	28	28	28	25
Restructuring Charge	2.60	-0.03	0.54	1.39	82	11	0.36	3.10	-0.02	55	0.18
Total Other Income / (Expense), net	3.26	11	22	19	3.17	10	19	0.48	7.14	9.04	7.50
Interest Expense	4.99	6.88	6.82	6.83	6.74	6.74	6.75	8.20	7.92	7.89	8.26
Interest & Investment Income	11	24	28	27	23	23	20	14	19	18	18
Other Income / (Expense), net	-3.16	-5.64	0.51	-0.95	-13	-5.96	6.02	-5.45	-3.84	-1.32	-1.79
Income Tax Expense	20	35	13	35	16	18	50	48	33	19	16
Basic Earnings per Share	$1.06	$1.06	$1.16	$0.86	$0.38	$0.94	$0.83	$0.72	$0.98	$0.58	$0.73
Weighted Average Basic Shares Outstanding	151.36M	152.51M	151.63M	152.27M	151.44M	151.39M	149.05M	144.76M	143.58M	145.40M	145.27M
Diluted Earnings per Share	$1.04	$1.02	$1.11	$0.86	$0.38	$0.92	$0.82	$0.71	$0.97	$0.57	$0.71
Weighted Average Diluted Shares Outstanding	154.98M	155.40M	157.47M	153.59M	153.24M	154.35M	151.06M	145.25M	144.81M	147.02M	150.02M
Weighted Average Basic & Diluted Shares Outstanding	150.83M	151.53M	152.32M	151.53M	150.23M	150.32M	146.21M	143.39M	143.87M	144.89M	145.39M

This table details how cash moves in and out of Akamai Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	51	35	-23	735	-643	-41	184	5.27	-53	29	412
Net Cash From Operating Activities	793	872	801	1,008	1,058	1,215	1,405	1,275	1,348	1,519	1,519
Net Cash From Continuing Operating Activities	793	872	801	1,008	1,058	1,215	1,405	1,275	1,348	1,519	1,519
Net Income / (Loss) Continuing Operations	321	321	223	298	478	557	652	524	548	505	452
Consolidated Net Income / (Loss)	321	321	223	298	478	557	652	524	548	505	452
Depreciation Expense	300	334	372	435	441	478	551	593	571	648	709
Amortization Expense	19	19	19	42	46	63	66	4.40	5.34	6.52	7.05
Non-Cash Adjustments To Reconcile Net Income	132	155	206	203	196	220	177	264	378	464	497
Changes in Operating Assets and Liabilities, net	21	43	-19	30	-102	-104	-41	-110	-154	-105	-146
Net Cash From Investing Activities	-436	-469	-459	-507	-1,668	-1,043	-647	-622	-1,848	-799	-541
Net Cash From Continuing Investing Activities	-436	-469	-459	-507	-1,668	-1,043	-647	-622	-1,848	-799	-541
Purchase of Property, Plant & Equipment	-445	-316	-415	-406	-562	-732	-545	-458	-730	-685	-820
Acquisitions	-141	-95	-369	-0.08	-201	-164	-599	-872	-227	-567	-85
Purchase of Investments	-693	-781	-326	-874	-1,990	-1,783	-933	-18	-1,462	-236	-965
Sale and/or Maturity of Investments	846	723	653	775	1,085	1,628	1,434	732	577	686	1,334
Other Investing Activities, net	-2.49	0.79	-1.59	-2.07	0.40	8.12	-4.32	-6.12	-6.07	3.97	-5.29
Net Cash From Financing Activities	-297	-360	-365	234	-36	-224	-562	-634	443	-680	-588
Net Cash From Continuing Financing Activities	-297	-360	-365	234	-36	-224	-562	-634	443	-680	-588
Repayment of Debt	-2.05	0.00	-1.10	-5.09	-692	0.00	-0.27	-125	-90	-11	-1,403
Repurchase of Common Equity	-303	-374	-361	-750	-335	-194	-522	-608	-654	-557	-800
Issuance of Debt	-	0.00	0.00	1,132	1,136	-	0.00	125	1,337	0.00	1,951
Issuance of Common Equity	62	60	56	183	242	60	60	56	153	62	393
Other Financing Activities, net	-54	-46	-58	-326	-387	-90	-99	-82	-303	-173	-730
Effect of Exchange Rate Changes	-10	-7.89	-	-	2.47	11	-11	-13	3.87	-12	22
Cash Interest Paid	-	-	0.00	0.64	1.44	5.95	5.75	6.16	6.33	20	23

This table details how cash moves in and out of Akamai Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	163	28	-20	-21	123	-54	581	-249	80	-0.01	-304
Net Cash From Operating Activities	359	389	352	431	393	344	251	459	442	367	313
Net Cash From Continuing Operating Activities	359	389	352	431	393	344	251	459	442	367	313
Net Income / (Loss) Continuing Operations	161	161	175	132	58	140	123	104	140	85	106
Consolidated Net Income / (Loss)	161	161	175	132	58	140	123	104	140	85	106
Depreciation Expense	149	148	156	159	166	168	174	175	177	183	184
Amortization Expense	1.40	1.74	1.68	1.66	1.59	1.59	1.61	1.65	1.93	1.88	2.15
Non-Cash Adjustments To Reconcile Net Income	93	97	95	100	144	124	105	115	117	161	131
Changes in Operating Assets and Liabilities, net	-45	-18	-77	39	23	-89	-152	64	6.33	-64	-111
Net Cash From Investing Activities	-1,164	-316	-152	-287	-116	-244	877	-683	-368	-366	-319
Net Cash From Continuing Investing Activities	-1,164	-316	-152	-287	-116	-244	877	-683	-368	-366	-319
Purchase of Property, Plant & Equipment	-198	-134	-174	-164	-185	-163	-196	-224	-195	-205	-192
Acquisitions	-36	-85	0.00	-439	-0.07	-128	-30	0.79	-	-56	0.00
Purchase of Investments	-1,050	-277	-170	-16	-16	-35	-7.08	-663	-181	-113	-161
Sale and/or Maturity of Investments	106	178	182	337	85	81	1,113	206	7.00	7.46	36
Other Investing Activities, net	13	1.36	9.94	-5.40	-0.38	-0.19	-3.09	-3.43	1.16	0.07	-1.80
Net Cash From Financing Activities	975	-57	-216	-160	-162	-141	-552	-41	7.12	-1.70	-292
Net Cash From Continuing Financing Activities	975	-57	-216	-160	-162	-141	-552	-41	7.12	-1.70	-292
Repayment of Debt	-20	-	-1.51	-8.68	-0.10	-0.21	-0.41	-1,402	-0.09	-0.87	-0.87
Repurchase of Common Equity	-113	-55	-125	-128	-166	-138	-500	-300	-	-	-206
Issuance of Common Equity	108	13	20	7.96	19	14	20	340	20	14	22
Other Financing Activities, net	-248	-15	-109	-32	-16	-16	-72	-632	-12	-14	-107
Effect of Exchange Rate Changes	-7.02	12	-4.01	-5.29	9.49	-12	5.43	16	-0.76	1.50	-5.67
Cash Interest Paid	2.26	0.72	9.15	0.99	9.41	0.86	9.41	1.97	9.47	2.44	9.56

This table presents Akamai Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	4,182	4,373	4,649	5,462	7,007	7,764	8,139	8,303	9,900	10,369	11,480
Total Current Assets	1,253	1,310	1,346	2,535	2,232	1,930	1,920	1,970	1,805	2,578	2,287
Cash & Equivalents	289	324	313	1,036	394	353	537	542	489	518	930
Short-Term Investments	460	513	399	856	1,143	745	541	563	375	1,079	256
Accounts Receivable	380	369	461	480	552	660	676	679	724	728	794
Prepaid Expenses	123	104	173	163	143	171	166	185	216	254	306
Plant, Property, & Equipment, net	753	801	863	911	0.00	1,478	1,534	1,540	1,826	1,995	2,333
Total Noncurrent Assets	2,175	2,262	2,440	2,016	4,775	4,356	4,684	4,794	6,269	5,796	6,860
Long-Term Investments	775	779	568	209	835	1,399	1,088	321	1,431	276	733
Goodwill	1,150	1,229	1,499	1,487	1,600	1,674	2,156	2,764	2,850	3,151	3,207
Intangible Assets	156	149	201	168	179	235	313	442	536	728	615
Noncurrent Deferred & Refundable Income Taxes	4.70	8.98	36	35	77	107	168	338	418	483	623
Other Noncurrent Operating Assets	90	96	136	116	2,084	942	958	930	1,033	1,158	1,682
Total Liabilities & Shareholders' Equity	4,182	4,373	4,649	5,462	7,007	7,764	8,139	8,303	9,900	10,369	11,480
Total Liabilities	1,061	1,149	1,286	2,270	3,349	3,513	3,609	3,943	5,303	5,490	6,502
Total Current Liabilities	332	375	457	1,211	693	758	790	819	836	2,091	968
Accounts Payable	62	76	80	99	139	119	110	145	147	130	125
Accrued Expenses	216	239	284	328	335	380	412	367	352	371	320
Current Deferred Revenue	54	53	70	69	71	77	87	105	108	149	151
Other Current Liabilities	0.14	6.72	22	28	148	183	182	201	229	292	372
Total Noncurrent Liabilities	728	774	830	1,059	2,656	2,755	2,818	3,124	4,467	3,399	5,535
Long-Term Debt	618	640	663	874	1,840	1,907	1,976	2,285	3,538	2,397	4,105
Noncurrent Deferred Revenue	4.16	3.76	6.06	4.56	4.37	5.26	25	22	23	26	17
Noncurrent Deferred & Payable Income Tax Liabilities	13	12	18	20	29	37	41	18	25	16	31
Other Noncurrent Operating Liabilities	93	119	143	161	782	805	776	799	881	960	1,381
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,121	3,224	3,362	3,192	3,658	4,251	4,530	4,360	4,597	4,878	4,977
Total Preferred & Common Equity	3,121	3,224	3,362	3,192	3,658	4,251	4,530	4,360	4,597	4,878	4,977
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,121	3,224	3,362	3,192	3,658	4,251	4,530	4,360	4,597	4,878	4,977
Common Stock	4,439	4,241	4,075	3,672	3,655	3,666	3,342	2,580	2,225	2,620	2,082
Retained Earnings	-1,277	-961	-691	-431	48	605	1,257	1,920	2,468	2,973	3,425
Treasury Stock	-	-	-	-	-	-	-	-	0.00	-558	-435
Accumulated Other Comprehensive Income / (Loss)	-41	-56	-22	-49	-45	-20	-69	-140	-95	-156	-95

This table presents Akamai Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	8,346	9,582	9,900	9,936	10,088	10,190	10,369	9,982	10,536	10,833	11,646
Total Current Assets	1,718	1,867	1,805	2,625	2,570	2,634	2,578	2,375	2,034	2,167	2,131
Cash & Equivalents	299	460	489	468	448	570	518	1,097	850	928	622
Short-Term Investments	492	479	375	1,207	1,189	1,129	1,079	224	116	191	308
Accounts Receivable	698	713	724	717	699	696	728	759	779	766	881
Prepaid Expenses	229	215	216	234	234	239	254	294	288	283	319
Plant, Property, & Equipment, net	1,746	1,786	1,826	1,864	1,911	1,949	1,995	2,110	2,214	2,318	2,412
Total Noncurrent Assets	4,881	5,928	6,269	5,446	5,606	5,607	5,796	5,497	6,289	6,348	7,103
Long-Term Investments	249	1,209	1,431	582	277	279	276	23	591	694	803
Goodwill	2,848	2,843	2,850	2,847	3,146	3,154	3,151	3,157	3,170	3,170	3,203
Intangible Assets	437	465	536	513	633	586	728	701	675	647	589
Noncurrent Deferred & Refundable Income Taxes	337	405	418	430	428	431	483	455	597	619	628
Other Noncurrent Operating Assets	1,009	1,006	1,033	1,075	1,122	1,156	1,158	1,161	1,255	1,217	1,881
Total Liabilities & Shareholders' Equity	8,346	9,582	9,900	9,936	10,088	10,190	10,369	9,982	10,536	10,833	11,646
Total Liabilities	4,057	5,258	5,303	5,302	5,333	5,396	5,490	5,398	6,069	6,101	6,737
Total Current Liabilities	861	810	836	809	1,946	1,983	2,091	2,017	881	950	1,036
Accounts Payable	194	144	147	135	125	107	130	156	147	190	151
Accrued Expenses	269	329	352	292	284	289	371	265	272	308	286
Current Deferred Revenue	139	124	108	143	140	139	149	170	180	162	204
Other Current Liabilities	238	212	229	240	250	300	292	276	282	290	394
Total Noncurrent Liabilities	3,196	4,447	4,467	4,493	3,387	3,413	3,399	3,381	5,188	5,151	5,701
Long-Term Debt	2,287	3,536	3,538	3,540	2,394	2,395	2,397	2,398	4,101	4,103	4,108
Noncurrent Deferred Revenue	27	27	23	21	29	24	26	23	25	23	20
Noncurrent Deferred & Payable Income Tax Liabilities	19	21	25	25	26	27	16	18	23	27	35
Other Noncurrent Operating Liabilities	863	863	881	907	938	966	960	942	1,038	998	1,539
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,289	4,324	4,597	4,634	4,755	4,794	4,878	4,585	4,468	4,732	4,909
Total Preferred & Common Equity	4,289	4,324	4,597	4,634	4,755	4,794	4,878	4,585	4,468	4,732	4,909
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,289	4,324	4,597	4,634	4,755	4,794	4,878	4,585	4,468	4,732	4,909
Common Stock	2,753	2,758	2,225	2,232	2,370	2,481	2,620	2,675	2,699	2,821	2,125
Retained Earnings	2,146	2,307	2,468	2,643	2,775	2,833	2,973	3,096	3,200	3,340	3,531
Treasury Stock	-490	-604	0.00	-125	-253	-420	-558	-1,052	-1,343	-1,335	-630
Accumulated Other Comprehensive Income / (Loss)	-120	-137	-95	-117	-137	-100	-156	-135	-87	-93	-117

This table displays calculated financial ratios and metrics derived from Akamai Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.89%	6.85%	6.01%	9.06%	6.60%	10.52%	8.23%	4.49%	5.40%	4.70%	5.44%
EBITDA Growth	4.21%	5.27%	-14.20%	18.33%	23.71%	15.79%	17.06%	-9.89%	-4.90%	-2.70%	9.35%
EBIT Growth	-4.84%	1.37%	-32.98%	14.02%	52.36%	19.83%	19.64%	-15.17%	-6.13%	-17.79%	9.44%
NOPAT Growth	-3.70%	-2.22%	-30.54%	41.47%	56.67%	23.39%	17.46%	-23.72%	-2.31%	-13.99%	-7.28%
Net Income Growth	-3.76%	-0.21%	-30.54%	33.94%	60.21%	16.53%	16.98%	-19.64%	4.57%	-7.80%	-10.47%
EPS Growth	-3.26%	2.25%	-29.12%	36.43%	64.77%	16.21%	16.62%	-17.05%	7.98%	-7.10%	-6.12%
Operating Cash Flow Growth	20.57%	9.88%	-8.12%	25.89%	4.96%	14.81%	15.60%	-9.25%	5.79%	12.66%	-0.03%
Free Cash Flow Firm Growth	105.44%	713.61%	-195.65%	249.07%	-95.15%	270.84%	-49.73%	-1,000.47%	74.06%	-192.99%	26.83%
Invested Capital Growth	15.23%	1.51%	22.14%	-3.44%	17.88%	17.14%	18.54%	20.27%	11.88%	12.20%	9.33%
Revenue Q/Q Growth	1.99%	1.95%	1.40%	2.06%	2.07%	2.37%	1.74%	0.62%	1.80%	0.63%	1.81%
EBITDA Q/Q Growth	-0.16%	1.83%	-10.75%	15.78%	1.46%	1.52%	5.32%	-2.96%	1.08%	-1.42%	-2.57%
EBIT Q/Q Growth	-2.91%	2.41%	-24.20%	32.32%	2.69%	0.82%	7.66%	-4.28%	2.14%	-6.72%	-7.95%
NOPAT Q/Q Growth	-2.58%	1.49%	-23.17%	29.97%	5.09%	1.03%	6.72%	-7.98%	4.61%	-4.39%	-11.13%
Net Income Q/Q Growth	-2.63%	2.50%	-23.57%	28.68%	5.54%	-1.02%	7.80%	-5.72%	6.29%	-4.04%	-10.82%
EPS Q/Q Growth	-2.73%	3.41%	-23.21%	29.41%	5.84%	-0.88%	7.67%	-4.68%	6.34%	-2.97%	-10.23%
Operating Cash Flow Q/Q Growth	6.95%	-6.73%	1.68%	9.65%	-0.38%	0.74%	7.32%	-3.44%	3.67%	-2.90%	1.52%
Free Cash Flow Firm Q/Q Growth	51.20%	-26.64%	-171.33%	251.98%	-78.23%	-59.21%	-88.61%	57.37%	-128.31%	-51.79%	-0.75%
Invested Capital Q/Q Growth	0.66%	5.82%	9.14%	0.35%	3.46%	6.33%	14.55%	1.06%	2.23%	3.03%	2.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	66.98%	65.54%	64.81%	64.87%	65.87%	64.58%	63.34%	61.74%	60.36%	59.39%	58.95%
EBITDA Margin	35.59%	35.06%	28.38%	30.79%	35.73%	37.44%	40.49%	34.92%	31.51%	29.28%	30.37%
Operating Margin	21.21%	19.87%	12.63%	13.35%	18.97%	20.59%	22.63%	18.70%	16.72%	13.36%	13.47%
EBIT Margin	21.11%	20.03%	12.66%	13.24%	18.92%	20.51%	22.68%	18.41%	16.40%	12.87%	13.36%
Profit (Net Income) Margin	14.63%	13.66%	8.95%	10.99%	16.52%	17.42%	18.83%	14.48%	14.37%	12.65%	10.74%
Tax Burden Percent	70.39%	68.77%	70.90%	86.97%	89.78%	90.42%	89.48%	79.59%	83.92%	86.01%	75.04%
Interest Burden Percent	98.42%	99.16%	99.69%	95.47%	97.26%	93.90%	92.77%	98.82%	104.40%	114.24%	107.12%
Effective Tax Rate	29.61%	31.23%	29.10%	13.03%	10.02%	7.45%	8.59%	19.25%	16.30%	13.99%	24.96%
Return on Invested Capital (ROIC)	15.86%	14.38%	8.92%	11.68%	17.10%	17.96%	17.89%	11.42%	9.65%	7.41%	6.20%
ROIC Less NNEP Spread (ROIC-NNEP)	16.56%	14.39%	8.93%	14.60%	20.06%	27.29%	34.35%	4.73%	11.00%	10.57%	7.58%
Return on Net Nonoperating Assets (RNNOA)	-5.27%	-4.27%	-2.16%	-2.58%	-3.14%	-3.87%	-3.05%	0.36%	2.58%	3.25%	2.97%
Return on Equity (ROE)	10.60%	10.11%	6.76%	9.10%	13.96%	14.09%	14.84%	11.78%	12.23%	10.66%	9.17%
Cash Return on Invested Capital (CROIC)	1.71%	12.88%	-11.01%	15.19%	0.69%	2.17%	0.93%	-6.98%	-1.57%	-4.09%	-2.71%
Operating Return on Assets (OROA)	11.34%	10.99%	6.99%	7.11%	8.78%	8.88%	9.87%	8.10%	6.87%	5.07%	5.15%
Return on Assets (ROA)	7.86%	7.50%	4.94%	5.90%	7.67%	7.54%	8.20%	6.37%	6.02%	4.98%	4.14%
Return on Common Equity (ROCE)	10.60%	10.11%	6.76%	9.10%	13.96%	14.09%	14.84%	11.78%	12.23%	10.66%	9.17%
Return on Equity Simple (ROE_SIMPLE)	10.30%	9.95%	6.63%	9.35%	13.07%	13.10%	14.39%	12.01%	11.91%	10.35%	0.00%
Net Operating Profit after Tax (NOPAT)	328	321	223	315	494	609	716	546	533	459	425
NOPAT Margin	14.93%	13.66%	8.95%	11.61%	17.07%	19.06%	20.68%	15.10%	13.99%	11.50%	10.11%
Net Nonoperating Expense Percent (NNEP)	-0.70%	-0.01%	-0.01%	-2.92%	-2.96%	-9.33%	-16.46%	6.69%	-1.35%	-3.16%	-1.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.22%	6.56%	5.45%	4.68%
Cost of Revenue to Revenue	33.02%	34.46%	35.19%	35.13%	34.13%	35.42%	36.66%	38.26%	39.64%	40.61%	41.05%
SG&A Expenses to Revenue	17.67%	18.74%	20.46%	21.15%	17.84%	17.13%	15.98%	16.15%	15.76%	15.58%	15.61%
R&D to Revenue	6.76%	7.14%	8.94%	9.07%	9.03%	8.42%	9.69%	10.82%	10.65%	11.80%	12.20%
Operating Expenses to Revenue	45.77%	45.67%	52.19%	51.52%	46.90%	43.99%	40.71%	43.04%	43.64%	46.03%	45.48%
Earnings before Interest and Taxes (EBIT)	464	470	315	359	547	656	785	666	625	514	562
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	782	823	706	836	1,034	1,197	1,402	1,263	1,201	1,169	1,278
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.00	3.58	3.27	3.12	3.82	4.02	4.20	3.04	3.88	2.95	2.52
Price to Tangible Book Value (P/TBV)	5.16	6.26	6.62	6.48	7.43	7.30	9.23	11.48	14.75	14.37	10.86
Price to Revenue (P/Rev)	4.26	4.92	4.42	3.66	4.82	5.34	5.49	3.67	4.68	3.60	2.98
Price to Earnings (P/E)	29.14	36.03	49.39	33.34	29.20	30.68	29.18	25.31	32.60	28.46	27.77
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.43%	2.78%	2.02%	3.00%	3.42%	3.26%	3.43%	3.95%	3.07%	3.51%	3.60%
Enterprise Value to Invested Capital (EV/IC)	3.82	4.71	3.78	3.55	4.30	4.51	4.34	2.70	3.27	2.45	2.06
Enterprise Value to Revenue (EV/Rev)	3.85	4.51	4.17	3.47	4.64	5.16	5.44	3.90	5.01	4.02	3.50
Enterprise Value to EBITDA (EV/EBITDA)	10.82	12.85	14.70	11.26	12.98	13.78	13.43	11.18	15.90	13.73	11.53
Enterprise Value to EBIT (EV/EBIT)	18.23	22.50	32.95	26.18	24.52	25.15	23.98	21.20	30.55	31.22	26.21
Enterprise Value to NOPAT (EV/NOPAT)	25.78	32.98	46.60	29.84	27.18	27.08	26.30	25.85	35.79	34.97	34.64
Enterprise Value to Operating Cash Flow (EV/OCF)	10.66	12.14	12.97	9.33	12.69	13.58	13.40	11.07	14.16	10.56	9.70
Enterprise Value to Free Cash Flow (EV/FCFF)	239.47	36.81	0.00	22.96	675.68	223.93	508.17	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.20	0.20	0.49	0.50	0.45	0.44	0.52	0.77	0.73	0.82
Long-Term Debt to Equity	0.20	0.20	0.20	0.27	0.50	0.45	0.44	0.52	0.77	0.49	0.82
Financial Leverage	-0.32	-0.30	-0.24	-0.18	-0.16	-0.14	-0.09	0.08	0.23	0.31	0.39
Leverage Ratio	1.35	1.35	1.37	1.54	1.82	1.87	1.81	1.85	2.03	2.14	2.22
Compound Leverage Factor	1.33	1.34	1.37	1.47	1.77	1.75	1.68	1.83	2.12	2.44	2.37
Debt to Total Capital	16.53%	16.56%	16.47%	32.84%	33.46%	30.96%	30.37%	34.39%	43.49%	42.09%	45.20%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	13.64%	0.00%
Long-Term Debt to Total Capital	16.53%	16.56%	16.47%	18.39%	33.46%	30.96%	30.37%	34.39%	43.49%	28.45%	45.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.47%	83.44%	83.53%	67.16%	66.54%	69.04%	69.63%	65.61%	56.51%	57.91%	54.80%
Debt to EBITDA	0.79	0.78	0.94	1.87	1.78	1.59	1.41	1.81	2.95	3.03	3.21
Net Debt to EBITDA	-1.16	-1.19	-0.87	-0.65	-0.52	-0.49	-0.14	0.68	1.03	1.43	1.71
Long-Term Debt to EBITDA	0.79	0.78	0.94	1.05	1.78	1.59	1.41	1.81	2.95	2.05	3.21
Debt to NOPAT	1.88	2.00	2.97	4.95	3.72	3.13	2.76	4.19	6.63	7.73	9.65
Net Debt to NOPAT	-2.76	-3.04	-2.77	-1.71	-1.08	-0.97	-0.27	1.57	2.33	3.65	5.14
Long-Term Debt to NOPAT	1.88	2.00	2.97	2.77	3.72	3.13	2.76	4.19	6.63	5.22	9.65
Altman Z-Score	6.03	6.88	5.91	3.52	3.44	3.90	4.29	3.21	3.08	2.58	2.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.77	3.50	2.95	2.09	3.22	2.55	2.43	2.41	2.16	1.23	2.36
Quick Ratio	3.40	3.22	2.57	1.96	3.01	2.32	2.22	2.18	1.90	1.11	2.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	35	287	-275	410	20	74	37	-334	-87	-254	-186
Operating Cash Flow to CapEx	178.31%	275.64%	193.11%	248.51%	188.28%	166.01%	257.61%	278.13%	184.71%	221.69%	185.33%
Free Cash Flow to Firm to Interest Expense	1.91	15.42	-14.59	9.49	0.40	1.07	0.51	-30.06	-4.89	-9.35	-6.03
Operating Cash Flow to Interest Expense	42.83	46.78	42.52	23.34	21.44	17.58	19.42	114.88	76.14	56.02	49.38
Operating Cash Flow Less CapEx to Interest Expense	18.81	29.81	20.50	13.95	10.05	6.99	11.88	73.57	34.92	30.75	22.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.55	0.55	0.54	0.46	0.43	0.44	0.44	0.42	0.39	0.39
Accounts Receivable Turnover	6.19	6.27	6.00	5.77	5.61	5.28	5.18	5.34	5.43	5.50	5.53
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.24	3.02	2.99	3.06	0.00	0.00	2.30	2.35	2.26	2.09	1.94
Accounts Payable Turnover	10.41	11.72	11.20	10.63	8.30	8.80	11.11	10.84	10.34	11.69	13.52
Days Sales Outstanding (DSO)	58.96	58.22	60.86	63.29	65.08	69.16	70.44	68.38	67.19	66.39	65.98
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	35.06	31.15	32.59	34.33	43.99	41.49	32.86	33.68	35.31	31.23	26.99
Cash Conversion Cycle (CCC)	23.91	27.07	28.27	28.96	21.09	27.67	37.58	34.71	31.89	35.16	38.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,215	2,248	2,746	2,651	3,125	3,661	4,340	5,220	5,840	6,552	7,163
Invested Capital Turnover	1.06	1.05	1.00	1.01	1.00	0.94	0.87	0.76	0.69	0.64	0.61
Increase / (Decrease) in Invested Capital	293	33	498	-95	474	536	679	880	620	712	611
Enterprise Value (EV)	8,459	10,579	10,385	9,407	13,427	16,502	18,827	14,115	19,093	16,043	14,738
Market Capitalization	9,365	11,556	11,002	9,948	13,959	17,092	19,017	13,256	17,851	14,369	12,552
Book Value per Share	$17.54	$18.61	$19.88	$19.60	$22.64	$26.11	$27.88	$27.73	$30.48	$32.47	$34.60
Tangible Book Value per Share	$10.20	$10.65	$9.83	$9.43	$11.62	$14.39	$12.68	$7.34	$8.03	$6.65	$8.04
Total Capital	3,739	3,864	4,025	4,752	5,498	6,158	6,506	6,645	8,135	8,424	9,083
Total Debt	618	640	663	1,561	1,840	1,907	1,976	2,285	3,538	3,546	4,105
Total Long-Term Debt	618	640	663	874	1,840	1,907	1,976	2,285	3,538	2,397	4,105
Net Debt	-906	-976	-617	-541	-533	-590	-190	859	1,242	1,674	2,186
Capital Expenditures (CapEx)	445	316	415	406	562	732	545	458	730	685	820
Debt-free, Cash-free Net Working Capital (DFCFNWC)	171	98	178	119	1.28	73	52	45	104	39	133
Debt-free Net Working Capital (DFNWC)	921	935	890	2,011	1,538	1,171	1,130	1,151	969	1,636	1,319
Net Working Capital (NWC)	921	935	890	1,325	1,538	1,171	1,130	1,151	969	487	1,319
Net Nonoperating Expense (NNE)	6.71	0.10	0.07	17	16	52	64	22	-14	-46	-27
Net Nonoperating Obligations (NNO)	-906	-976	-617	-541	-533	-590	-190	859	1,242	1,674	2,186
Total Depreciation and Amortization (D&A)	318	353	391	476	487	541	617	597	576	655	716
Debt-free, Cash-free Net Working Capital to Revenue	7.79%	4.19%	7.14%	4.39%	0.04%	2.29%	1.50%	1.25%	2.74%	0.98%	3.15%
Debt-free Net Working Capital to Revenue	41.90%	39.84%	35.74%	74.09%	53.16%	36.63%	32.65%	31.82%	25.42%	40.99%	31.35%
Net Working Capital to Revenue	41.90%	39.84%	35.74%	48.80%	53.16%	36.63%	32.65%	31.82%	25.42%	12.20%	31.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.80	$1.81	$1.27	$1.78	$2.94	$3.43	$4.01	$3.29	$3.59	$3.34	$3.11
Adjusted Weighted Average Basic Shares Outstanding	178.39M	174.92M	171.56M	167.31M	162.71M	162.49M	162.67M	159.09M	152.51M	151.39M	145.40M
Adjusted Diluted Earnings per Share	$1.78	$1.79	$1.26	$1.76	$2.90	$3.37	$3.93	$3.26	$3.52	$3.27	$3.07
Adjusted Weighted Average Diluted Shares Outstanding	180.42M	176.22M	172.71M	169.19M	164.57M	165.21M	165.80M	160.47M	155.40M	154.35M	147.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	176.75M	173.19M	170.03M	163.21M	161.88M	163.22M	160.35M	156.28M	151.53M	150.32M	144.89M
Normalized Net Operating Profit after Tax (NOPAT)	329	328	262	339	509	644	726	557	581	541	469
Normalized NOPAT Margin	14.96%	13.97%	10.52%	12.50%	17.60%	20.14%	20.97%	15.40%	15.24%	13.55%	11.14%
Pre Tax Income Margin	20.78%	19.86%	12.62%	12.64%	18.40%	19.26%	21.04%	18.19%	17.12%	14.71%	14.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	25.04	25.23	16.73	8.32	11.09	9.49	10.85	60.01	35.30	18.95	18.28
NOPAT to Interest Expense	17.71	17.21	11.83	7.30	10.01	8.82	9.90	49.21	30.12	16.92	13.83
EBIT Less CapEx to Interest Expense	1.02	8.26	-5.29	-1.07	-0.30	-1.10	3.31	18.70	-5.93	-6.32	-8.36
NOPAT Less CapEx to Interest Expense	-6.31	0.24	-10.19	-2.09	-1.38	-1.77	2.36	7.91	-11.10	-8.35	-12.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	94.15%	116.55%	162.14%	251.36%	69.98%	34.75%	80.14%	116.11%	119.43%	110.41%	176.97%

This table displays calculated financial ratios and metrics derived from Akamai Technologies' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	144,888,114.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	144,888,114.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.73
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.48%	7.25%	7.78%	4.69%	4.06%	2.50%	2.85%	6.52%	4.97%	7.35%	5.76%
EBITDA Growth	3.43%	4.05%	24.64%	6.36%	-30.39%	-5.14%	3.42%	5.17%	51.58%	-10.81%	-11.19%
EBIT Growth	8.00%	7.88%	34.57%	-1.09%	-66.77%	-20.68%	-3.97%	-0.70%	182.18%	-34.16%	-29.82%
NOPAT Growth	24.46%	18.51%	60.30%	-9.19%	-64.51%	-13.67%	-29.31%	-11.57%	142.49%	-40.72%	-9.14%
Net Income Growth	29.79%	25.17%	80.65%	2.23%	-63.93%	-13.19%	-29.78%	-21.32%	142.06%	-39.19%	-13.68%
EPS Growth	33.33%	25.93%	79.03%	2.38%	-63.46%	-9.80%	-26.13%	-17.44%	155.26%	-38.04%	-13.41%
Operating Cash Flow Growth	-2.67%	13.97%	50.70%	17.65%	9.21%	-11.67%	-28.61%	6.54%	12.56%	6.63%	24.41%
Free Cash Flow Firm Growth	68.68%	37.70%	-760.74%	-227.04%	-51.03%	-24.17%	-114.54%	25.95%	10.66%	8.27%	48.03%
Invested Capital Growth	10.61%	11.88%	9.43%	14.86%	11.33%	12.20%	14.72%	9.84%	10.42%	9.33%	7.30%
Revenue Q/Q Growth	3.18%	3.06%	-0.81%	-0.75%	2.56%	1.52%	-0.47%	2.79%	1.07%	3.82%	-1.95%
EBITDA Q/Q Growth	11.79%	1.73%	-1.04%	-5.49%	-26.84%	38.63%	7.89%	-3.90%	5.45%	-18.43%	7.44%
EBIT Q/Q Growth	16.36%	3.57%	-6.65%	-12.08%	-60.91%	147.23%	13.02%	-9.09%	11.08%	-42.32%	20.47%
NOPAT Q/Q Growth	21.42%	-2.83%	2.37%	-24.81%	-52.55%	136.40%	-16.18%	-5.94%	30.11%	-42.21%	28.47%
Net Income Q/Q Growth	24.63%	0.39%	8.84%	-24.93%	-56.03%	141.60%	-11.96%	-15.87%	35.28%	-39.31%	24.98%
EPS Q/Q Growth	23.81%	-1.92%	8.82%	-22.52%	-55.81%	142.11%	-10.87%	-13.41%	36.62%	-41.24%	24.56%
Operating Cash Flow Q/Q Growth	-1.88%	8.28%	-9.59%	22.48%	-8.92%	-12.42%	-26.93%	82.78%	-3.77%	-17.03%	-14.75%
Free Cash Flow Firm Q/Q Growth	-170.20%	-19.55%	24.24%	-99.81%	16.54%	1.71%	-30.90%	31.03%	-0.69%	-0.91%	25.84%
Invested Capital Q/Q Growth	2.80%	2.23%	1.33%	7.86%	-0.36%	3.03%	3.60%	3.28%	0.17%	2.00%	1.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.32%	60.46%	60.00%	58.87%	59.31%	59.37%	58.73%	59.12%	59.27%	58.67%	56.10%
EBITDA Margin	33.45%	33.02%	32.94%	31.37%	22.37%	30.55%	33.12%	30.96%	32.31%	25.38%	27.81%
Operating Margin	18.24%	18.57%	16.89%	15.11%	7.03%	14.52%	15.23%	14.51%	15.74%	8.67%	10.66%
EBIT Margin	17.92%	18.00%	16.94%	15.01%	5.72%	13.93%	15.82%	13.99%	15.38%	8.54%	10.50%
Profit (Net Income) Margin	16.63%	16.20%	17.77%	13.44%	5.76%	13.72%	12.13%	9.93%	13.29%	7.77%	9.90%
Tax Burden Percent	89.49%	82.13%	93.18%	78.93%	78.46%	88.49%	71.04%	68.20%	80.95%	81.86%	87.15%
Interest Burden Percent	103.71%	109.54%	112.57%	113.47%	128.41%	111.27%	107.96%	104.06%	106.77%	111.08%	108.24%
Effective Tax Rate	11.33%	17.87%	6.82%	21.07%	21.54%	11.51%	28.96%	31.80%	19.05%	18.14%	12.85%
Return on Invested Capital (ROIC)	11.14%	10.51%	10.80%	7.84%	3.62%	8.27%	6.84%	6.04%	7.87%	4.35%	5.64%
ROIC Less NNEP Spread (ROIC-NNEP)	11.51%	11.41%	12.39%	8.87%	3.79%	8.88%	7.61%	6.05%	8.17%	4.74%	5.92%
Return on Net Nonoperating Assets (RNNOA)	3.12%	2.68%	3.54%	2.84%	1.23%	2.73%	2.88%	2.74%	3.31%	1.85%	2.86%
Return on Equity (ROE)	14.26%	13.19%	14.34%	10.68%	4.85%	11.01%	9.72%	8.77%	11.18%	6.21%	8.49%
Cash Return on Invested Capital (CROIC)	-0.70%	-1.57%	1.46%	-4.11%	-2.77%	-4.09%	-7.22%	-3.41%	-2.75%	-2.71%	-1.13%
Operating Return on Assets (OROA)	7.58%	7.54%	7.26%	6.40%	2.30%	5.49%	6.39%	5.54%	6.05%	3.29%	4.14%
Return on Assets (ROA)	7.04%	6.78%	7.62%	5.73%	2.31%	5.40%	4.90%	3.93%	5.23%	2.99%	3.91%
Return on Common Equity (ROCE)	14.26%	13.19%	14.34%	10.68%	4.85%	11.01%	9.72%	8.77%	11.18%	6.21%	8.49%
Return on Equity Simple (ROE_SIMPLE)	11.91%	0.00%	13.51%	13.23%	10.98%	0.00%	9.87%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	156	152	155	117	55	131	110	103	134	78	100
NOPAT Margin	16.18%	15.25%	15.74%	11.92%	5.52%	12.85%	10.82%	9.90%	12.74%	7.09%	9.29%
Net Nonoperating Expense Percent (NNEP)	-0.38%	-0.90%	-1.59%	-1.03%	-0.17%	-0.61%	-0.77%	-0.02%	-0.30%	-0.38%	-0.29%
Return On Investment Capital (ROIC_SIMPLE)	-	1.87%	-	-	-	1.56%	1.35%	1.21%	1.52%	0.86%	1.11%
Cost of Revenue to Revenue	39.68%	39.54%	40.00%	41.13%	40.69%	40.63%	41.27%	40.88%	40.73%	41.33%	43.90%
SG&A Expenses to Revenue	15.26%	15.64%	15.44%	15.71%	15.92%	15.25%	15.36%	15.58%	15.33%	16.12%	15.26%
R&D to Revenue	10.97%	10.97%	11.85%	11.57%	11.98%	11.79%	12.17%	12.06%	11.83%	12.74%	13.19%
Operating Expenses to Revenue	42.08%	41.89%	43.11%	43.76%	52.28%	44.86%	43.50%	44.61%	43.53%	50.01%	45.44%
Earnings before Interest and Taxes (EBIT)	173	179	167	147	57	142	161	146	162	94	113
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	323	329	325	307	225	312	336	323	341	278	299
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.74	3.88	3.54	2.89	3.19	2.95	2.64	2.61	2.30	2.52	3.39
Price to Tangible Book Value (P/TBV)	15.91	14.75	12.87	14.07	14.52	14.37	16.66	18.74	11.88	10.86	14.90
Price to Revenue (P/Rev)	4.32	4.68	4.22	3.49	3.86	3.60	3.01	2.86	2.63	2.98	3.90
Price to Earnings (P/E)	31.37	32.60	26.21	21.82	29.07	28.46	26.73	27.46	21.43	27.77	38.24
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.19%	3.07%	3.82%	4.58%	3.44%	3.51%	3.74%	3.64%	4.67%	3.60%	2.62%
Enterprise Value to Invested Capital (EV/IC)	3.07	3.27	2.99	2.40	2.65	2.45	2.11	2.03	1.87	2.06	2.61
Enterprise Value to Revenue (EV/Rev)	4.69	5.01	4.56	3.91	4.25	4.02	3.56	3.48	3.18	3.50	4.46
Enterprise Value to EBITDA (EV/EBITDA)	14.77	15.90	13.98	11.96	14.22	13.73	12.12	11.88	10.03	11.53	15.33
Enterprise Value to EBIT (EV/EBIT)	28.68	30.55	26.48	23.03	30.61	31.22	28.20	28.06	21.53	26.21	36.96
Enterprise Value to NOPAT (EV/NOPAT)	34.42	35.79	29.85	26.46	35.14	34.97	34.68	35.53	27.48	34.64	45.70
Enterprise Value to Operating Cash Flow (EV/OCF)	13.49	14.16	12.06	10.02	10.78	10.56	10.08	9.82	8.79	9.70	12.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	214.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.82	0.77	0.76	0.75	0.74	0.73	0.77	0.92	0.87	0.82	0.84
Long-Term Debt to Equity	0.82	0.77	0.76	0.50	0.50	0.49	0.52	0.92	0.87	0.82	0.84
Financial Leverage	0.27	0.23	0.29	0.32	0.32	0.31	0.38	0.45	0.40	0.39	0.48
Leverage Ratio	2.07	2.03	2.06	2.04	2.17	2.14	2.16	2.24	2.21	2.22	2.28
Compound Leverage Factor	2.14	2.23	2.32	2.31	2.78	2.38	2.33	2.33	2.36	2.46	2.47
Debt to Total Capital	44.99%	43.49%	43.31%	42.69%	42.50%	42.09%	43.63%	47.86%	46.44%	45.20%	45.56%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	13.83%	13.77%	13.64%	14.14%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	44.99%	43.49%	43.31%	28.86%	28.73%	28.45%	29.49%	47.86%	46.44%	45.20%	45.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.01%	56.51%	56.69%	57.31%	57.50%	57.91%	56.37%	52.14%	53.56%	54.80%	54.44%
Debt to EBITDA	2.98	2.95	2.80	2.76	2.99	3.03	3.01	3.43	3.13	3.21	3.31
Net Debt to EBITDA	1.17	1.03	1.01	1.27	1.32	1.43	1.87	2.13	1.75	1.71	1.91
Long-Term Debt to EBITDA	2.98	2.95	2.80	1.86	2.02	2.05	2.03	3.43	3.13	3.21	3.31
Debt to NOPAT	6.94	6.63	5.97	6.11	7.39	7.73	8.60	10.26	8.57	9.65	9.87
Net Debt to NOPAT	2.72	2.33	2.17	2.81	3.26	3.65	5.34	6.36	4.78	5.14	5.71
Long-Term Debt to NOPAT	6.94	6.63	5.97	4.13	4.99	5.22	5.81	10.26	8.57	9.65	9.87
Altman Z-Score	2.76	2.93	2.89	2.44	2.57	2.46	2.28	2.14	2.07	2.11	2.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.30	2.16	3.25	1.32	1.33	1.23	1.18	2.31	2.28	2.36	2.06
Quick Ratio	2.04	1.90	2.96	1.20	1.21	1.11	1.03	1.98	1.98	2.05	1.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-392	-468	-355	-709	-592	-581	-761	-525	-528	-533	-396
Operating Cash Flow to CapEx	181.88%	290.69%	202.52%	263.53%	212.05%	211.10%	128.16%	205.18%	226.56%	179.09%	162.89%
Free Cash Flow to Firm to Interest Expense	-78.54	-68.02	-52.03	-103.79	-87.83	-86.32	-112.75	-64.00	-66.77	-67.57	-47.90
Operating Cash Flow to Interest Expense	72.07	56.54	51.61	63.11	58.28	51.05	37.21	55.99	55.82	46.44	37.85
Operating Cash Flow Less CapEx to Interest Expense	32.45	37.09	26.13	39.16	30.80	26.86	8.18	28.70	31.18	20.51	14.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.42	0.43	0.43	0.40	0.39	0.40	0.40	0.39	0.39	0.39
Accounts Receivable Turnover	5.61	5.43	5.46	5.62	5.63	5.50	5.45	5.52	5.65	5.53	5.20
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.26	2.26	2.21	2.15	2.12	2.09	2.02	1.98	1.94	1.94	1.89
Accounts Payable Turnover	11.20	10.34	9.17	9.87	12.74	11.69	11.32	12.31	11.39	13.52	11.58
Days Sales Outstanding (DSO)	65.08	67.19	66.85	64.95	64.87	66.39	67.02	66.08	64.57	65.98	70.17
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	32.59	35.31	39.80	36.98	28.64	31.23	32.24	29.65	32.04	26.99	31.52
Cash Conversion Cycle (CCC)	32.49	31.89	27.05	27.97	36.23	35.16	34.78	36.42	32.53	38.99	38.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,712	5,840	5,917	6,382	6,359	6,552	6,788	7,011	7,022	7,163	7,283
Invested Capital Turnover	0.69	0.69	0.69	0.66	0.66	0.64	0.63	0.61	0.62	0.61	0.61
Increase / (Decrease) in Invested Capital	548	620	510	826	647	712	871	628	663	611	495
Enterprise Value (EV)	17,552	19,093	17,688	15,348	16,862	16,043	14,304	14,205	13,153	14,738	19,015
Market Capitalization	16,164	17,851	16,404	13,721	15,297	14,369	12,101	11,661	10,863	12,552	16,640
Book Value per Share	$28.50	$30.48	$30.56	$31.22	$31.64	$32.47	$30.50	$30.56	$33.00	$34.60	$33.88
Tangible Book Value per Share	$6.70	$8.03	$8.41	$6.40	$6.95	$6.65	$4.83	$4.26	$6.38	$8.04	$7.71
Total Capital	7,861	8,135	8,174	8,297	8,338	8,424	8,132	8,568	8,835	9,083	9,016
Total Debt	3,536	3,538	3,540	3,542	3,544	3,546	3,548	4,101	4,103	4,105	4,108
Total Long-Term Debt	3,536	3,538	3,540	2,394	2,395	2,397	2,398	4,101	4,103	4,105	4,108
Net Debt	1,388	1,242	1,283	1,628	1,565	1,674	2,203	2,543	2,290	2,186	2,374
Capital Expenditures (CapEx)	198	134	174	164	185	163	196	224	195	205	192
Debt-free, Cash-free Net Working Capital (DFCFNWC)	118	104	142	135	101	39	187	187	98	133	164
Debt-free Net Working Capital (DFNWC)	1,057	969	1,816	1,772	1,800	1,636	1,508	1,153	1,217	1,319	1,095
Net Working Capital (NWC)	1,057	969	1,816	625	651	487	358	1,153	1,217	1,319	1,095
Net Nonoperating Expense (NNE)	-4.37	-9.41	-20	-15	-2.49	-8.89	-13	-0.33	-5.78	-7.40	-6.54
Net Nonoperating Obligations (NNO)	1,388	1,242	1,283	1,628	1,565	1,674	2,203	2,543	2,290	2,186	2,374
Total Depreciation and Amortization (D&A)	150	149	158	160	167	170	176	177	179	184	186
Debt-free, Cash-free Net Working Capital to Revenue	3.14%	2.74%	3.65%	3.44%	2.54%	0.98%	4.65%	4.57%	2.38%	3.15%	3.85%
Debt-free Net Working Capital to Revenue	28.22%	25.42%	46.77%	45.13%	45.38%	40.99%	37.52%	28.24%	29.44%	31.35%	25.66%
Net Working Capital to Revenue	28.22%	25.42%	46.77%	15.90%	16.42%	12.20%	8.92%	28.24%	29.44%	31.35%	25.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$1.06	$1.16	$0.86	$0.38	$0.94	$0.83	$0.72	$0.98	$0.58	$0.73
Adjusted Weighted Average Basic Shares Outstanding	151.36M	152.51M	151.63M	152.27M	151.44M	151.39M	149.05M	144.76M	143.58M	145.40M	145.27M
Adjusted Diluted Earnings per Share	$1.04	$1.02	$1.11	$0.86	$0.38	$0.92	$0.82	$0.71	$0.97	$0.57	$0.71
Adjusted Weighted Average Diluted Shares Outstanding	154.98M	155.40M	157.47M	153.59M	153.24M	154.35M	151.06M	145.25M	144.81M	147.02M	150.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	150.83M	151.53M	152.32M	151.53M	150.23M	150.32M	146.21M	143.39M	143.87M	144.89M	145.39M
Normalized Net Operating Profit after Tax (NOPAT)	158	152	156	118	120	141	110	105	134	122	100
Normalized NOPAT Margin	16.41%	15.25%	15.79%	12.04%	11.92%	13.84%	10.84%	10.10%	12.74%	11.18%	9.31%
Pre Tax Income Margin	18.58%	19.72%	19.07%	17.03%	7.35%	15.50%	17.08%	14.56%	16.42%	9.49%	11.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	34.68	26.02	24.53	21.53	8.53	21.10	23.79	17.80	20.49	11.85	13.65
NOPAT to Interest Expense	31.32	22.05	22.79	17.10	8.23	19.45	16.27	12.60	16.98	9.84	12.08
EBIT Less CapEx to Interest Expense	-4.94	6.57	-0.96	-2.42	-18.95	-3.08	-5.25	-9.48	-4.15	-14.08	-9.58
NOPAT Less CapEx to Interest Expense	-8.31	2.60	-2.70	-6.84	-19.26	-4.73	-12.77	-14.69	-7.66	-16.09	-11.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	150.79%	119.43%	68.84%	67.01%	90.08%	110.41%	205.89%	260.05%	185.13%	176.97%	116.25%

Financials Breakdown Chart

Key Financial Trends

Here are the 10 most notable takeaways for Akamai Technologies (AKAM) based on the quarterly cash flow, income statement, and balance sheet data provided for the last four years. Items are sorted with positives first, then neutral, then negative.

2025 quarterly revenue rose year-over-year in all four quarters (Q1 about $1.015B, Q2 about $1.043B, Q3 about $1.054B, Q4 about $1.095B), signaling stronger top-line demand.
Operating cash flow from continuing operations strengthened through 2025 versus year-ago levels: Q2 2025 ≈ $459.1M, Q3 2025 ≈ $441.8M, and Q4 2025 ≈ $366.6M, compared with corresponding 2024 quarters.
Q4 2025 gross profit of about $642.4M on revenue of about $1.095B yields a gross margin of roughly 58.7%, indicating a solid gross profitability level.
Estimated free cash flow in Q4 2025 was around $162M (OCF ≈ $366.6M minus capex ≈ $204.7M), showing positive cash generation after capital investment.
Strong liquidity in 2025: cash and equivalents were about $928M in Q3 2025 (and over $1.09B earlier in 2025), rising versus 2024 levels and providing ample liquidity for ongoing operations and investments.
The balance sheet shows substantial scale and capitalization: total assets around $10.83B in Q3 2025 and total equity around $4.73B, with long-term debt near $4.10B, reflecting a solid, large-cap financial base.
R&D and SG&A expenses rose in 2025 versus 2024 (RD ≈ $139.5M in Q4 2025 vs $120.2M in Q4 2024; SG&A ≈ $176.5M vs $155.5M), signaling continued investment in growth and product development that may press margins in the near term but could support longer-term growth.
Q3 2025 and Q3 2024 earnings per share (EPS) are broadly comparable (basic and diluted EPS around $0.97–$0.98), suggesting quarterly profitability per share remained stable alongside revenue growth.
Q4 2025 net income declined year-over-year to about $85.1M from about $139.9M in Q4 2024, and operating income fell to about $94.9M from about $148.1M, indicating a drop in quarterly profitability.
Cash flow mix in Q4 2025 shows higher investing outflows (PPE purchases ≈ $204.7M) and financing activity that tempered near-term liquidity with net cash from financing activities ≈ −$1.7M, even as operating cash flow remained positive. This could weigh on liquidity if operating cash flow slows.

05/26/26 05:49 PM ETAI Generated. May Contain Errors.

Akamai Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Akamai Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Akamai Technologies' net income appears to be on an upward trend, with a most recent value of $452.03 million in 2025, rising from $321.41 million in 2015. The previous period was $504.92 million in 2024. View Akamai Technologies' forecast to see where analysts expect Akamai Technologies to go next.

Akamai Technologies' total operating income in 2025 was $566.94 million, based on the following breakdown:

Total Gross Profit: $2.48 billion
Total Operating Expenses: $1.91 billion

Over the last 10 years, Akamai Technologies' total revenue changed from $2.20 billion in 2015 to $4.21 billion in 2025, a change of 91.5%.

Akamai Technologies' total liabilities were at $6.50 billion at the end of 2025, a 18.4% increase from 2024, and a 513.0% increase since 2015.

In the past 10 years, Akamai Technologies' cash and equivalents has ranged from $289.47 million in 2015 to $1.04 billion in 2018, and is currently $930.23 million as of their latest financial filing in 2025.

Over the last 10 years, Akamai Technologies' book value per share changed from 17.54 in 2015 to 34.60 in 2025, a change of 97.3%.

Related Companies

Financial statements for NASDAQ:AKAM last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Akamai Technologies (AKAM) Financials

Financials Breakdown Chart

Key Financial Trends

Akamai Technologies Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Akamai Technologies (AKAM) Financials

Annual Income Statements for Akamai Technologies

Quarterly Income Statements for Akamai Technologies

Annual Cash Flow Statements for Akamai Technologies

Quarterly Cash Flow Statements for Akamai Technologies

Annual Balance Sheets for Akamai Technologies

Quarterly Balance Sheets for Akamai Technologies

Annual Metrics And Ratios for Akamai Technologies

Quarterly Metrics And Ratios for Akamai Technologies

Financials Breakdown Chart

Key Financial Trends

Akamai Technologies Financials - Frequently Asked Questions

When does Akamai Technologies' fiscal year end?

How has Akamai Technologies' net income changed over the last 10 years?

What is Akamai Technologies' operating income?

How has Akamai Technologies' revenue changed over the last 10 years?

How much debt does Akamai Technologies have?

How much cash does Akamai Technologies have?

How has Akamai Technologies' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools