Electronic Arts (EA) Financials

$170.99 -1.61 (-0.93%)

Closing price 04:00 PM Eastern

Extended Trading

$170.49 -0.50 (-0.29%)

As of 06:34 PM Eastern

Annual Income Statements for Electronic Arts

This table shows Electronic Arts' 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	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	875	1,156	967	1,043	1,019	3,039	837	789	802	1,273	1,121
Consolidated Net Income / (Loss)	875	1,156	967	1,043	1,019	3,039	837	789	802	1,273	1,121
Net Income / (Loss) Continuing Operations	875	1,156	967	1,043	1,019	3,039	837	789	802	1,273	1,121
Total Pre-Tax Income	925	877	1,210	1,449	1,079	1,508	1,017	1,081	1,326	1,589	1,605
Total Operating Income	948	898	1,224	1,434	996	1,445	1,046	1,129	1,332	1,518	1,520
Total Gross Profit	3,086	3,042	3,547	3,873	3,628	4,168	4,135	5,132	5,634	5,852	5,920
Total Revenue	4,515	4,396	4,845	5,150	4,950	5,537	5,629	6,991	7,426	7,562	7,463
Operating Revenue	4,515	4,396	4,845	5,150	4,950	5,537	5,629	6,991	7,426	7,562	7,463
Total Cost of Revenue	1,429	1,354	1,298	1,277	1,322	1,369	1,494	1,859	1,792	1,710	1,543
Operating Cost of Revenue	1,429	1,354	1,298	1,277	1,322	1,369	1,494	1,859	1,792	1,710	1,543
Total Operating Expenses	2,138	2,144	2,323	2,439	2,632	2,723	3,089	4,003	4,302	4,334	4,400
Selling, General & Admin Expense	386	406	439	469	460	506	592	673	727	691	745
Marketing Expense	647	622	673	641	702	631	689	961	978	1,019	962
Research & Development Expense	1,094	1,109	1,205	1,320	1,433	1,559	1,778	2,186	2,328	2,420	2,569
Amortization Expense	14	7.00	6.00	9.00	23	22	30	183	158	142	67
Restructuring Charge	-	-	-	-	-	-	0.00	0.00	111	62	57
Total Other Income / (Expense), net	-23	-21	-14	15	83	63	-29	-48	-6.00	71	85
Other Income / (Expense), net	-23	-21	-14	15	83	63	-29	-48	-6.00	71	85
Income Tax Expense	50	-279	243	406	60	-1,531	180	292	524	316	484
Basic Earnings per Share	$2.81	$3.73	$3.19	$3.39	$3.36	$10.37	$2.90	$2.78	$2.90	$4.71	$4.28
Weighted Average Basic Shares Outstanding	311M	310M	303M	308M	303M	293M	289M	284M	277M	270M	262M
Diluted Earnings per Share	$2.69	$3.50	$3.08	$3.34	$3.33	$10.30	$2.87	$2.76	$2.88	$4.68	$4.25
Weighted Average Diluted Shares Outstanding	325M	330M	314M	312M	306M	295M	292M	286M	278M	272M	264M
Weighted Average Basic & Diluted Shares Outstanding	311.40M	309.90M	303.10M	307.70M	-4.63B	288.69M	286.19M	279.89M	272.71M	266.38M	250.77M
Cash Dividends to Common per Share	-	-	-	-	-	-	$0.34	$0.68	$0.76	$0.76	$0.76

This table shows Electronic Arts' 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	12/31/2022	3/31/2023	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
Net Income / (Loss) Attributable to Common Shareholders	204	-12	402	399	290	182	280	294	293	254	201
Consolidated Net Income / (Loss)	204	-12	402	399	290	182	280	294	293	254	201
Net Income / (Loss) Continuing Operations	204	-12	402	399	290	182	280	294	293	254	201
Total Pre-Tax Income	282	181	556	391	382	260	394	399	405	407	273
Total Operating Income	289	175	542	377	365	234	364	384	377	395	271
Total Gross Profit	1,313	1,426	1,556	1,458	1,416	1,422	1,397	1,569	1,427	1,527	1,392
Total Revenue	1,881	1,874	1,924	1,914	1,945	1,779	1,660	2,025	1,883	1,895	1,671
Operating Revenue	1,881	1,874	1,924	1,914	1,945	1,779	1,660	2,025	1,883	1,895	1,671
Total Cost of Revenue	568	448	368	456	529	357	263	456	456	368	279
Operating Cost of Revenue	568	448	368	456	529	357	263	456	456	368	279
Total Operating Expenses	1,024	1,251	1,014	1,081	1,051	1,188	1,033	1,185	1,050	1,132	1,121
Selling, General & Admin Expense	162	224	163	173	170	185	180	197	176	192	184
Marketing Expense	256	255	229	280	276	234	205	272	251	234	214
Research & Development Expense	556	635	596	602	584	638	629	648	606	686	706
Amortization Expense	50	26	25	24	21	72	17	17	16	17	17
Restructuring Charge	0.00	111	1.00	2.00	0.00	59	2.00	51	1.00	3.00	0.00
Total Other Income / (Expense), net	-7.00	6.00	14	14	17	26	30	15	28	12	2.00
Other Income / (Expense), net	-7.00	6.00	14	14	17	26	30	15	28	12	2.00
Income Tax Expense	78	193	154	-8.00	92	78	114	105	112	153	72
Basic Earnings per Share	$0.74	($0.03)	$1.48	$1.47	$1.08	$0.68	$1.05	$1.11	$1.12	$1.00	$0.80
Weighted Average Basic Shares Outstanding	276M	277M	272M	271M	269M	270M	266M	264M	262M	262M	251M
Diluted Earnings per Share	$0.73	($0.03)	$1.47	$1.47	$1.07	$0.67	$1.04	$1.11	$1.11	$0.99	$0.79
Weighted Average Diluted Shares Outstanding	278M	278M	274M	272M	271M	272M	268M	266M	265M	264M	254M
Weighted Average Basic & Diluted Shares Outstanding	274.23M	272.71M	270.91M	268.97M	267.35M	266.38M	264.20M	262.27M	260.62M	250.77M	250.21M
Cash Dividends to Common per Share	$0.19	$0.19	$0.19	$0.19	$0.19	$0.19	$0.19	$0.19	$0.19	-	$0.19

This table details how cash moves in and out of Electronic Arts' 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	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	66	228	72	1,693	450	-940	1,492	-2,528	-308	476	-764
Net Cash From Operating Activities	847	1,268	1,578	1,692	1,547	1,797	1,934	1,899	1,550	2,315	2,079
Net Cash From Continuing Operating Activities	1,067	1,465	1,578	1,692	1,547	1,797	1,934	1,899	1,550	2,315	2,079
Net Income / (Loss) Continuing Operations	875	1,156	967	1,043	1,019	3,039	837	789	802	1,273	1,121
Consolidated Net Income / (Loss)	875	1,156	967	1,043	1,019	3,039	837	789	802	1,273	1,121
Depreciation Expense	-	-	172	136	145	150	181	486	536	404	356
Non-Cash Adjustments To Reconcile Net Income	144	188	196	242	284	347	435	528	548	584	642
Changes in Operating Assets and Liabilities, net	-172	-76	243	271	99	-1,739	481	96	-336	54	-40
Net Cash From Investing Activities	-470	-484	-759	622	169	-1,357	-505	-2,804	-217	-207	37
Net Cash From Continuing Investing Activities	-470	-484	-759	622	169	-1,357	-505	-2,804	-217	-207	37
Purchase of Property, Plant & Equipment	-95	-93	-123	-107	-119	-140	-124	-188	-207	-199	-221
Purchase of Investments	-1,102	-1,332	-1,917	-2,287	-1,342	-3,359	-2,828	-554	-405	-640	-437
Sale and/or Maturity of Investments	727	941	1,281	3,166	1,688	2,142	3,686	1,329	395	632	695
Net Cash From Financing Activities	-255	-548	-729	-643	-1,253	-1,358	-15	-1,620	-1,600	-1,624	-2,863
Net Cash From Continuing Financing Activities	-255	-548	-729	-643	-1,253	-1,358	-15	-1,620	-1,600	-1,624	-2,863
Repurchase of Common Equity	-337	-1,018	-508	-601	-1,192	-1,207	-729	-1,300	-1,295	-1,300	-2,508
Payment of Dividends	-	-	-	-	0.00	0.00	-98	-193	-210	-205	-199
Issuance of Common Equity	60	107	72	78	61	62	86	77	80	77	78
Other Financing Activities, net	22	-156	-130	-120	-122	-213	-152	-204	-175	-196	-234
Effect of Exchange Rate Changes	-56	-8.00	-18	22	-13	-22	78	-3.00	-41	-8.00	-17
Cash Interest Paid	6.00	4.00	43	42	42	42	40	56	56	56	56
Cash Income Taxes Paid	2.00	35	51	57	100	170	340	629	583	300	404

This table details how cash moves in and out of Electronic Arts' 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	12/31/2022	3/31/2023	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
Net Change in Cash & Equivalents	663	222	-165	-313	796	158	-500	-203	579	-640	-618
Net Cash From Operating Activities	1,123	617	359	112	1,264	580	120	234	1,176	549	17
Net Cash From Continuing Operating Activities	1,123	617	359	112	1,264	580	120	234	1,176	549	17
Net Income / (Loss) Continuing Operations	204	-12	402	399	290	182	280	294	293	254	201
Consolidated Net Income / (Loss)	204	-12	402	399	290	182	280	294	293	254	201
Depreciation Expense	122	173	88	85	82	149	80	122	75	79	79
Non-Cash Adjustments To Reconcile Net Income	141	142	130	155	151	148	143	174	163	162	152
Changes in Operating Assets and Liabilities, net	656	314	-261	-527	741	101	-383	-356	645	54	-415
Net Cash From Investing Activities	-61	-37	-44	-63	-51	-49	-69	-46	-62	214	-89
Net Cash From Continuing Investing Activities	-61	-37	-44	-63	-51	-49	-69	-46	-62	214	-89
Purchase of Property, Plant & Equipment	-48	-47	-45	-51	-52	-51	-67	-50	-50	-54	-72
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-17
Purchase of Investments	-90	-142	-150	-163	-147	-180	-130	-107	-139	-61	-42
Sale and/or Maturity of Investments	77	152	151	151	148	182	128	111	127	329	42
Net Cash From Financing Activities	-418	-358	-482	-351	-431	-360	-546	-402	-504	-1,411	-568
Net Cash From Continuing Financing Activities	-418	-358	-482	-351	-431	-360	-546	-402	-504	-1,411	-568
Repurchase of Common Equity	-325	-325	-325	-325	-325	-325	-375	-375	-383	-1,375	-375
Payment of Dividends	-52	-52	-52	-51	-51	-51	-50	-51	-50	-48	-48
Other Financing Activities, net	-44	-14	-105	-15	-58	-18	-121	-18	-72	-23	-145
Effect of Exchange Rate Changes	19	-	2.00	-11	14	-13	-5.00	11	-31	8.00	22
Cash Income Taxes Paid	-147	1,040	23	33	148	504	23	186	124	71	26

This table presents Electronic Arts' 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	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	6,147	7,050	7,718	8,584	8,957	11,112	13,288	13,800	13,459	13,420	12,368
Total Current Assets	3,720	4,354	5,199	6,004	6,381	6,517	7,213	4,151	3,969	4,247	3,276
Cash & Equivalents	2,068	2,493	2,565	4,258	4,708	3,768	5,260	2,732	2,424	2,900	2,136
Short-Term Investments	953	1,341	1,967	1,073	737	1,967	1,106	330	343	362	112
Accounts Receivable	362	233	359	385	623	461	521	650	684	565	679
Other Current Assets	247	287	308	288	313	321	326	439	518	420	349
Plant, Property, & Equipment, net	459	439	434	453	448	449	491	550	549	578	586
Total Noncurrent Assets	1,968	2,257	2,085	2,127	2,128	4,146	5,584	9,099	8,941	8,595	8,506
Goodwill	1,713	1,710	1,707	1,883	1,892	1,885	2,868	5,387	5,380	5,379	5,376
Intangible Assets	111	57	8.00	71	87	53	309	962	618	400	293
Noncurrent Deferred & Refundable Income Taxes	13	387	286	84	35	1,903	2,045	2,243	2,462	2,380	2,420
Other Noncurrent Operating Assets	131	103	84	89	114	305	362	507	481	436	417
Total Liabilities & Shareholders' Equity	6,147	7,050	7,718	8,584	8,957	11,112	13,288	13,800	13,459	13,420	12,368
Total Liabilities	3,080	3,652	3,658	3,989	3,626	3,651	5,448	6,175	6,166	5,907	5,982
Total Current Liabilities	2,747	2,418	2,415	2,491	2,265	2,664	2,964	3,513	3,285	3,090	3,459
Short-Term Debt	602	161	0.00	-	-	599	-	-	-	0.00	400
Accounts Payable	68	89	87	48	113	68	96	101	99	1,276	1,359
Current Deferred Revenue	1,283	1,458	1,539	1,622	1,100	945	1,527	2,024	1,901	1,814	1,700
Total Noncurrent Liabilities	333	1,234	1,243	1,498	1,361	987	2,484	2,662	2,881	2,817	2,523
Long-Term Debt	0.00	989	990	992	994	397	1,876	1,878	1,880	1,882	1,484
Noncurrent Deferred & Payable Income Tax Liabilities	150	82	105	251	235	374	358	387	608	497	594
Other Noncurrent Operating Liabilities	183	163	148	255	132	216	250	397	393	438	445
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	3,036	3,396	4,060	4,595	5,331	7,461	7,840	7,625	7,293	7,513	6,386
Total Preferred & Common Equity	3,036	3,396	4,060	4,595	5,331	7,461	7,840	7,625	7,293	7,513	6,386
Total Common Equity	3,036	3,396	4,060	4,595	5,331	7,461	7,840	7,625	7,293	7,513	6,386
Common Stock	2,130	1,352	1,052	660	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Retained Earnings	904	2,060	3,027	4,062	5,358	7,508	7,887	7,607	7,357	7,582	6,470
Accumulated Other Comprehensive Income / (Loss)	2.00	-16	-19	-127	-30	-50	-50	15	-67	-72	-87

This table presents Electronic Arts' 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	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	6/30/2025
Total Assets	13,079	13,470	13,459	13,083	13,139	13,617	13,420	12,708	13,136	13,451	11,699
Total Current Assets	3,442	3,842	3,969	3,574	3,844	4,349	4,247	3,587	3,972	4,272	2,545
Cash & Equivalents	1,539	2,202	2,424	2,259	1,946	2,742	2,900	2,400	2,197	2,776	1,518
Short-Term Investments	335	351	343	343	359	362	362	366	366	379	112
Accounts Receivable	919	836	684	517	1,047	867	565	433	1,012	742	533
Other Current Assets	649	453	518	455	492	378	420	388	397	375	382
Plant, Property, & Equipment, net	531	553	549	545	542	561	578	558	578	566	592
Total Noncurrent Assets	9,106	9,075	8,941	8,964	8,753	8,707	8,595	8,563	8,586	8,613	8,562
Goodwill	5,375	5,380	5,380	5,381	5,378	5,382	5,379	5,379	5,381	5,376	5,389
Intangible Assets	811	735	618	577	538	501	400	373	346	320	271
Noncurrent Deferred & Refundable Income Taxes	2,395	2,443	2,462	2,555	2,353	2,375	2,380	2,393	2,431	2,467	2,462
Other Noncurrent Operating Assets	525	517	481	451	484	449	436	418	428	450	440
Total Liabilities & Shareholders' Equity	13,079	13,470	13,459	13,083	13,139	13,617	13,420	12,708	13,136	13,451	11,699
Total Liabilities	5,281	5,919	6,166	5,749	5,564	6,084	5,907	5,308	5,728	6,039	5,617
Total Current Liabilities	2,561	3,113	3,285	2,800	2,788	3,280	3,090	2,468	2,787	3,104	3,040
Short-Term Debt	0.00	-	-	-	-	-	-	-	-	-	400
Accounts Payable	136	62	99	75	152	62	1,276	80	1,312	1,298	1,306
Current Deferred Revenue	1,391	1,808	1,901	1,580	1,498	1,919	1,814	1,412	1,475	1,806	1,334
Total Noncurrent Liabilities	2,720	2,806	2,881	2,949	2,776	2,804	2,817	2,840	2,941	2,935	2,577
Long-Term Debt	1,879	1,879	1,880	1,880	1,881	1,881	1,882	1,882	1,883	1,883	1,484
Noncurrent Deferred & Payable Income Tax Liabilities	479	526	608	682	459	484	497	526	552	573	647
Other Noncurrent Operating Liabilities	362	401	393	387	436	439	438	432	506	479	446
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	7,798	7,551	7,293	7,334	7,575	7,533	7,513	7,400	7,408	7,412	6,082
Total Preferred & Common Equity	7,798	7,551	7,293	7,334	7,575	7,533	7,513	7,400	7,408	7,412	6,082
Total Common Equity	7,798	7,551	7,293	7,334	7,575	7,533	7,513	7,400	7,408	7,412	6,082
Common Stock	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Retained Earnings	7,658	7,585	7,357	7,406	7,606	7,614	7,582	7,457	7,520	7,472	6,241
Accumulated Other Comprehensive Income / (Loss)	137	-37	-67	-75	-34	-84	-72	-60	-115	-63	-162

This table displays calculated financial ratios and metrics derived from Electronic Arts' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.29%	-2.64%	10.21%	6.30%	-3.88%	11.86%	1.66%	24.20%	6.22%	1.83%	-1.31%
EBITDA Growth	3,982.61%	-5.86%	56.33%	14.69%	-22.78%	35.46%	-27.74%	30.80%	18.83%	7.04%	-1.61%
EBIT Growth	13,114.29%	-5.19%	37.97%	19.75%	-25.53%	39.76%	-32.56%	6.29%	22.66%	19.83%	1.01%
NOPAT Growth	2,277.76%	32.00%	-17.36%	5.52%	-8.87%	209.59%	-70.44%	-4.28%	-2.23%	50.95%	-12.70%
Net Income Growth	10,837.50%	32.11%	-16.35%	7.86%	-2.30%	198.23%	-72.46%	-5.73%	1.65%	58.73%	-11.94%
EPS Growth	8,866.67%	30.11%	-12.00%	8.44%	-0.30%	209.31%	-72.14%	-3.83%	4.35%	62.50%	-9.19%
Operating Cash Flow Growth	74.64%	49.70%	24.45%	7.22%	-8.57%	16.16%	7.62%	-1.81%	-18.38%	49.35%	-10.19%
Free Cash Flow Firm Growth	62.01%	26.18%	5.06%	10.22%	-75.54%	237.96%	-78.24%	-1,073.50%	137.08%	77.14%	-21.25%
Invested Capital Growth	1.73%	10.19%	-27.45%	-50.58%	243.75%	209.32%	23.07%	92.27%	-0.54%	-4.26%	-1.81%
Revenue Q/Q Growth	1.39%	2.88%	4.73%	1.08%	-24.81%	35.08%	-0.72%	7.36%	0.66%	-1.24%	1.58%
EBITDA Q/Q Growth	6.70%	16.78%	34.70%	11.94%	-25.23%	13.48%	-16.11%	21.19%	-7.13%	2.84%	4.09%
EBIT Q/Q Growth	6.94%	17.25%	18.63%	2.69%	-33.15%	14.85%	-19.67%	21.46%	-11.66%	5.23%	10.08%
NOPAT Q/Q Growth	2.67%	78.21%	-26.41%	3.97%	-31.01%	8.96%	-27.33%	22.04%	-23.53%	16.65%	8.58%
Net Income Q/Q Growth	3.31%	77.30%	-25.62%	4.09%	-28.09%	7.39%	-29.01%	23.28%	-22.81%	17.98%	6.86%
EPS Q/Q Growth	-0.37%	81.35%	-23.76%	4.38%	-27.45%	8.31%	-29.66%	23.77%	-22.37%	17.59%	8.14%
Operating Cash Flow Q/Q Growth	-22.51%	98.13%	-1.80%	8.67%	-6.81%	-5.32%	-6.16%	4.00%	12.56%	-1.57%	-1.47%
Free Cash Flow Firm Q/Q Growth	-11.64%	21.33%	3.70%	15.68%	-16.78%	-12.27%	-85.12%	36.21%	28.24%	-7.48%	2.17%
Invested Capital Q/Q Growth	70.53%	480.49%	61.88%	31.96%	-25.23%	3.50%	48.89%	-0.59%	-6.85%	-2.81%	-1.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.35%	69.20%	73.21%	75.20%	73.29%	75.28%	73.46%	73.41%	75.87%	77.39%	79.32%
EBITDA Margin	20.80%	20.11%	28.52%	30.78%	24.73%	29.94%	21.28%	22.41%	25.07%	26.36%	26.28%
Operating Margin	21.00%	20.43%	25.26%	27.84%	20.12%	26.10%	18.58%	16.15%	17.94%	20.07%	20.37%
EBIT Margin	20.49%	19.95%	24.97%	28.14%	21.80%	27.24%	18.07%	15.46%	17.86%	21.01%	21.51%
Profit (Net Income) Margin	19.38%	26.30%	19.96%	20.25%	20.59%	54.89%	14.87%	11.29%	10.80%	16.83%	15.02%
Tax Burden Percent	94.59%	131.81%	79.92%	71.98%	94.44%	201.53%	82.30%	72.99%	60.48%	80.11%	69.84%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	5.41%	-31.81%	20.08%	28.02%	5.56%	-101.53%	17.70%	27.01%	39.52%	19.89%	30.16%
Return on Invested Capital (ROIC)	139.57%	173.82%	158.80%	266.72%	165.60%	161.69%	28.36%	16.83%	12.54%	19.40%	17.47%
ROIC Less NNEP Spread (ROIC-NNEP)	140.61%	174.90%	159.16%	266.45%	163.82%	158.93%	28.87%	18.07%	12.89%	14.38%	10.66%
Return on Net Nonoperating Assets (RNNOA)	-107.69%	-138.05%	-132.86%	-242.62%	-145.07%	-114.18%	-17.41%	-6.63%	-1.79%	-2.20%	-1.34%
Return on Equity (ROE)	31.88%	35.76%	25.93%	24.10%	20.53%	47.51%	10.94%	10.20%	10.75%	17.20%	16.13%
Cash Return on Invested Capital (CROIC)	137.86%	164.12%	190.62%	334.42%	55.74%	59.41%	7.67%	-46.31%	13.09%	23.75%	19.29%
Operating Return on Assets (OROA)	15.59%	13.29%	16.39%	17.78%	12.30%	15.03%	8.34%	7.98%	9.73%	11.82%	12.45%
Return on Assets (ROA)	14.75%	17.52%	13.10%	12.80%	11.62%	30.29%	6.86%	5.83%	5.88%	9.47%	8.69%
Return on Common Equity (ROCE)	31.70%	35.58%	25.92%	24.10%	20.53%	47.51%	10.94%	10.20%	10.75%	17.20%	16.13%
Return on Equity Simple (ROE_SIMPLE)	28.82%	34.04%	23.82%	22.70%	19.11%	40.73%	10.68%	10.35%	11.00%	16.94%	17.55%
Net Operating Profit after Tax (NOPAT)	897	1,184	978	1,032	941	2,912	861	824	806	1,216	1,062
NOPAT Margin	19.86%	26.93%	20.19%	20.04%	19.00%	52.59%	15.29%	11.79%	10.85%	16.08%	14.23%
Net Nonoperating Expense Percent (NNEP)	-1.04%	-1.08%	-0.36%	0.27%	1.78%	2.76%	-0.52%	-1.23%	-0.35%	5.02%	6.81%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	12.84%
Cost of Revenue to Revenue	31.65%	30.80%	26.79%	24.80%	26.71%	24.72%	26.54%	26.59%	24.13%	22.61%	20.68%
SG&A Expenses to Revenue	8.55%	9.24%	9.06%	9.11%	9.29%	9.14%	10.52%	9.63%	9.79%	9.14%	9.98%
R&D to Revenue	24.23%	25.23%	24.87%	25.63%	28.95%	28.16%	31.59%	31.27%	31.35%	32.00%	34.42%
Operating Expenses to Revenue	47.35%	48.77%	47.95%	47.36%	53.17%	49.18%	54.88%	57.26%	57.93%	57.31%	58.96%
Earnings before Interest and Taxes (EBIT)	925	877	1,210	1,449	1,079	1,508	1,017	1,081	1,326	1,589	1,605
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	939	884	1,382	1,585	1,224	1,658	1,198	1,567	1,862	1,993	1,961
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.88	5.90	6.66	7.93	5.59	3.81	4.88	4.60	4.50	4.71	5.90
Price to Tangible Book Value (P/TBV)	14.73	12.29	11.52	13.79	8.90	5.15	8.20	27.51	25.32	20.43	52.53
Price to Revenue (P/Rev)	3.96	4.56	5.58	7.07	6.02	5.13	6.79	5.02	4.42	4.68	5.05
Price to Earnings (P/E)	20.41	17.32	27.95	34.92	29.26	9.35	45.67	44.50	40.89	27.82	33.60
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.54%	0.78%	0.57%	0.53%
Earnings Yield	4.90%	5.77%	3.58%	2.86%	3.42%	10.69%	2.19%	2.25%	2.45%	3.59%	2.98%
Enterprise Value to Invested Capital (EV/IC)	23.87	24.29	45.33	125.31	28.83	8.70	10.07	5.27	4.98	5.55	6.19
Enterprise Value to Revenue (EV/Rev)	3.43	3.95	4.85	6.23	5.12	4.28	5.99	4.85	4.30	4.50	5.00
Enterprise Value to EBITDA (EV/EBITDA)	16.47	19.62	16.99	20.24	20.72	14.28	28.16	21.65	17.14	17.08	19.02
Enterprise Value to EBIT (EV/EBIT)	16.72	19.78	19.41	22.14	23.51	15.70	33.18	31.38	24.06	21.42	23.24
Enterprise Value to NOPAT (EV/NOPAT)	17.25	14.65	24.01	31.08	26.97	8.13	39.19	41.17	39.60	27.99	35.14
Enterprise Value to Operating Cash Flow (EV/OCF)	18.26	13.68	14.88	18.96	16.40	13.18	17.45	17.86	20.58	14.70	17.94
Enterprise Value to Free Cash Flow (EV/FCFF)	17.47	15.52	20.00	24.79	80.12	22.13	144.89	0.00	37.95	22.86	31.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.34	0.24	0.22	0.19	0.13	0.24	0.25	0.26	0.25	0.30
Long-Term Debt to Equity	0.00	0.29	0.24	0.22	0.19	0.05	0.24	0.25	0.26	0.25	0.23
Financial Leverage	-0.77	-0.79	-0.83	-0.91	-0.89	-0.72	-0.60	-0.37	-0.14	-0.15	-0.13
Leverage Ratio	2.16	2.04	1.98	1.88	1.77	1.57	1.59	1.75	1.83	1.82	1.86
Compound Leverage Factor	2.16	2.04	1.98	1.88	1.77	1.57	1.59	1.75	1.83	1.82	1.86
Debt to Total Capital	16.41%	25.29%	19.60%	17.76%	15.72%	11.78%	19.31%	19.76%	20.49%	20.03%	22.78%
Short-Term Debt to Total Capital	16.41%	3.54%	0.00%	0.00%	0.00%	7.08%	0.00%	0.00%	0.00%	0.00%	4.84%
Long-Term Debt to Total Capital	0.00%	21.75%	19.60%	17.76%	15.72%	4.69%	19.31%	19.76%	20.49%	20.03%	17.94%
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	0.84%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.75%	74.67%	80.40%	82.24%	84.28%	88.22%	80.69%	80.24%	79.51%	79.97%	77.22%
Debt to EBITDA	0.64	1.30	0.72	0.63	0.81	0.60	1.57	1.20	1.01	0.94	0.96
Net Debt to EBITDA	-2.58	-3.04	-2.56	-2.74	-3.64	-2.86	-3.75	-0.76	-0.48	-0.69	-0.19
Long-Term Debt to EBITDA	0.00	1.12	0.72	0.63	0.81	0.24	1.57	1.20	1.01	0.94	0.76
Debt to NOPAT	0.67	0.97	1.01	0.96	1.06	0.34	2.18	2.28	2.33	1.55	1.77
Net Debt to NOPAT	-2.70	-2.27	-3.62	-4.20	-4.73	-1.63	-5.22	-1.44	-1.10	-1.13	-0.34
Long-Term Debt to NOPAT	0.00	0.84	1.01	0.96	1.06	0.14	2.18	2.28	2.33	1.55	1.40
Altman Z-Score	5.11	5.06	6.56	7.79	7.27	6.98	6.10	5.00	4.89	5.45	5.52
Noncontrolling Interest Sharing Ratio	0.56%	0.51%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.80	2.15	2.41	2.82	2.45	2.43	1.18	1.21	1.37	0.95
Quick Ratio	1.23	1.68	2.03	2.29	2.68	2.33	2.32	1.06	1.05	1.24	0.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	886	1,118	1,174	1,294	317	1,070	233	-2,267	841	1,489	1,173
Operating Cash Flow to CapEx	891.58%	1,363.44%	1,282.93%	1,581.31%	1,300.00%	1,283.57%	1,559.68%	1,010.11%	748.79%	1,163.32%	940.72%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.67	0.66	0.63	0.56	0.55	0.46	0.52	0.54	0.56	0.58
Accounts Receivable Turnover	13.11	14.78	16.37	13.84	9.82	10.22	11.46	11.94	11.13	12.11	12.00
Inventory Turnover	31.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.32	9.79	11.10	11.61	10.99	12.35	11.98	13.43	13.51	13.42	12.82
Accounts Payable Turnover	15.28	17.25	14.75	18.92	16.42	15.13	18.22	18.87	17.92	16.36	1.17
Days Sales Outstanding (DSO)	27.85	24.70	22.30	26.37	37.16	35.73	31.84	30.57	32.78	30.14	30.42
Days Inventory Outstanding (DIO)	11.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	23.88	21.16	24.75	19.29	22.23	24.13	20.03	19.34	20.37	22.31	311.66
Cash Conversion Cycle (CCC)	15.72	3.54	-2.45	7.07	14.94	11.60	11.80	11.23	12.42	7.84	-281.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	648	714	518	256	880	2,722	3,350	6,441	6,406	6,133	6,022
Invested Capital Turnover	7.03	6.46	7.87	13.31	8.71	3.07	1.85	1.43	1.16	1.21	1.23
Increase / (Decrease) in Invested Capital	11	66	-196	-262	624	1,842	628	3,091	-35	-273	-111
Enterprise Value (EV)	15,470	17,344	23,483	32,080	25,367	23,678	33,739	33,925	31,906	34,038	37,300
Market Capitalization	17,858	20,026	27,025	36,419	29,818	28,417	38,229	35,109	32,793	35,418	37,664
Book Value per Share	$9.79	$10.98	$13.17	$14.98	$17.79	$25.76	$27.26	$27.11	$26.59	$28.10	$24.50
Tangible Book Value per Share	$3.91	$5.27	$7.61	$8.61	$11.19	$19.07	$16.21	$4.54	$4.72	$6.49	$2.75
Total Capital	3,669	4,548	5,050	5,587	6,325	8,457	9,716	9,503	9,173	9,395	8,270
Total Debt	602	1,150	990	992	994	996	1,876	1,878	1,880	1,882	1,884
Total Long-Term Debt	0.00	989	990	992	994	397	1,876	1,878	1,880	1,882	1,484
Net Debt	-2,419	-2,684	-3,542	-4,339	-4,451	-4,739	-4,490	-1,184	-887	-1,380	-364
Capital Expenditures (CapEx)	95	93	123	107	119	140	124	188	207	199	221
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,446	-1,737	-1,748	-1,818	-1,329	-1,283	-2,117	-2,424	-2,083	-2,105	-2,031
Debt-free Net Working Capital (DFNWC)	1,575	2,097	2,784	3,513	4,116	4,452	4,249	638	684	1,157	217
Net Working Capital (NWC)	973	1,936	2,784	3,513	4,116	3,853	4,249	638	684	1,157	-183
Net Nonoperating Expense (NNE)	22	28	11	-11	-78	-127	24	35	3.63	-57	-59
Net Nonoperating Obligations (NNO)	-2,419	-2,684	-3,542	-4,339	-4,451	-4,739	-4,490	-1,184	-887	-1,380	-364
Total Depreciation and Amortization (D&A)	14	7.00	172	136	145	150	181	486	536	404	356
Debt-free, Cash-free Net Working Capital to Revenue	-32.03%	-39.51%	-36.08%	-35.30%	-26.85%	-23.17%	-37.61%	-34.67%	-28.05%	-27.84%	-27.21%
Debt-free Net Working Capital to Revenue	34.88%	47.70%	57.46%	68.21%	83.15%	80.40%	75.48%	9.13%	9.21%	15.30%	2.91%
Net Working Capital to Revenue	21.55%	44.04%	57.46%	68.21%	83.15%	69.59%	75.48%	9.13%	9.21%	15.30%	-2.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.81	$3.73	$3.19	$3.39	$3.36	$10.37	$2.90	$2.78	$2.90	$4.71	$4.28
Adjusted Weighted Average Basic Shares Outstanding	311M	310M	303M	308M	303M	293M	289M	284M	277M	270M	262M
Adjusted Diluted Earnings per Share	$2.69	$3.50	$3.08	$3.34	$3.33	$10.30	$2.87	$2.76	$2.88	$4.68	$4.25
Adjusted Weighted Average Diluted Shares Outstanding	325M	330M	314M	312M	306M	295M	292M	286M	278M	272M	264M
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	314.61M	301.61M	310.03M	306.83M	297.26M	288.69M	286.19M	279.89M	272.71M	266.38M	250.77M
Normalized Net Operating Profit after Tax (NOPAT)	894	629	978	1,032	954	1,015	861	824	873	1,266	1,101
Normalized NOPAT Margin	19.80%	14.30%	20.19%	20.04%	19.27%	18.33%	15.29%	11.79%	11.75%	16.74%	14.76%
Pre Tax Income Margin	20.49%	19.95%	24.97%	28.14%	21.80%	27.24%	18.07%	15.46%	17.86%	21.01%	21.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.71%	24.46%	26.18%	16.10%	17.75%
Augmented Payout Ratio	38.51%	88.06%	52.53%	57.62%	116.98%	39.72%	98.81%	189.23%	187.66%	118.22%	241.48%

This table displays calculated financial ratios and metrics derived from Electronic Arts' 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	12/31/2022	3/31/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.14%	2.68%	8.89%	0.53%	3.40%	-5.07%	-13.72%	5.80%	-3.19%	6.52%	0.66%
EBITDA Growth	70.46%	-28.77%	17.09%	-14.08%	14.85%	15.54%	-26.40%	9.45%	3.45%	18.83%	-25.74%
EBIT Growth	209.89%	-49.16%	27.52%	-8.43%	35.46%	43.65%	-29.14%	2.05%	6.02%	56.54%	-30.71%
NOPAT Growth	182.60%	-105.03%	24.58%	28.67%	32.54%	1,511.80%	-33.99%	-26.45%	-1.57%	50.50%	-22.87%
Net Income Growth	209.09%	-105.33%	29.26%	33.44%	42.16%	1,616.67%	-30.35%	-26.32%	1.03%	39.56%	-28.21%
EPS Growth	217.39%	-103.75%	32.43%	37.38%	46.58%	2,333.33%	-29.25%	-24.49%	3.74%	47.76%	-24.04%
Operating Cash Flow Growth	-26.79%	38.96%	560.26%	200.00%	12.56%	-6.00%	-66.57%	108.93%	-6.96%	-5.34%	-85.83%
Free Cash Flow Firm Growth	95.45%	100.82%	197.83%	303.39%	546.76%	1,766.84%	-59.83%	-31.91%	-47.55%	-18.15%	7.01%
Invested Capital Growth	6.14%	-0.54%	-6.91%	-8.36%	-8.24%	-4.26%	-1.45%	-5.92%	-2.69%	-1.81%	-2.76%
Revenue Q/Q Growth	-1.21%	-0.37%	2.67%	-0.52%	1.62%	-8.53%	-6.69%	21.99%	-7.01%	0.64%	-11.82%
EBITDA Q/Q Growth	-27.08%	-12.38%	81.92%	-26.09%	-2.52%	-11.85%	15.89%	9.92%	-7.87%	1.25%	-27.57%
EBIT Q/Q Growth	-33.96%	-35.82%	207.18%	-29.68%	-2.30%	-31.94%	51.54%	1.27%	1.50%	0.49%	-32.92%
NOPAT Q/Q Growth	-30.08%	-105.55%	3,477.61%	-1.83%	-27.97%	-40.89%	57.92%	9.38%	-3.61%	-9.62%	-19.06%
Net Income Q/Q Growth	-31.77%	-105.88%	3,450.00%	-0.75%	-27.32%	-37.24%	53.85%	5.00%	-0.34%	-13.31%	-20.87%
EPS Q/Q Growth	-31.78%	-104.11%	5,000.00%	0.00%	-27.21%	-37.38%	55.22%	6.73%	0.00%	-10.81%	-20.20%
Operating Cash Flow Q/Q Growth	1,102.68%	-45.06%	-41.82%	-68.80%	1,028.57%	-54.11%	-79.31%	95.00%	402.56%	-53.32%	-96.90%
Free Cash Flow Firm Q/Q Growth	-173.52%	112.38%	3,673.34%	17.42%	-18.58%	-48.25%	-18.80%	99.04%	-37.28%	-19.25%	6.16%
Invested Capital Q/Q Growth	-11.87%	-6.85%	3.22%	8.15%	-11.76%	-2.81%	6.24%	3.25%	-8.74%	-1.92%	5.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.80%	76.09%	80.87%	76.18%	72.80%	79.93%	84.16%	77.48%	75.78%	80.58%	83.30%
EBITDA Margin	21.48%	18.89%	33.47%	24.87%	23.86%	22.99%	28.55%	25.73%	25.49%	25.65%	21.07%
Operating Margin	15.36%	9.34%	28.17%	19.70%	18.77%	13.15%	21.93%	18.96%	20.02%	20.84%	16.22%
EBIT Margin	14.99%	9.66%	28.90%	20.43%	19.64%	14.62%	23.73%	19.70%	21.51%	21.48%	16.34%
Profit (Net Income) Margin	10.85%	-0.64%	20.89%	20.85%	14.91%	10.23%	16.87%	14.52%	15.56%	13.40%	12.03%
Tax Burden Percent	72.34%	-6.63%	72.30%	102.05%	75.92%	70.00%	71.07%	73.68%	72.35%	62.41%	73.63%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.66%	106.63%	27.70%	-2.05%	24.08%	30.00%	28.93%	26.32%	27.65%	37.59%	26.37%
Return on Invested Capital (ROIC)	12.28%	-0.72%	22.52%	20.41%	16.54%	11.11%	17.33%	14.92%	17.10%	15.97%	13.89%
ROIC Less NNEP Spread (ROIC-NNEP)	12.84%	-0.68%	20.92%	13.59%	15.18%	9.50%	14.67%	12.92%	15.47%	15.12%	13.42%
Return on Net Nonoperating Assets (RNNOA)	-1.53%	0.09%	-1.76%	-0.37%	-1.91%	-1.45%	-1.60%	-0.95%	-2.58%	-1.90%	-0.63%
Return on Equity (ROE)	10.74%	-0.62%	20.76%	20.04%	14.63%	9.65%	15.73%	13.97%	14.51%	14.08%	13.26%
Cash Return on Invested Capital (CROIC)	9.82%	13.09%	20.07%	21.75%	24.41%	23.75%	17.93%	20.24%	18.44%	19.29%	18.39%
Operating Return on Assets (OROA)	8.07%	5.26%	16.68%	11.83%	11.10%	8.22%	13.43%	11.11%	11.68%	12.43%	10.01%
Return on Assets (ROA)	5.84%	-0.35%	12.06%	12.07%	8.43%	5.76%	9.55%	8.19%	8.45%	7.76%	7.37%
Return on Common Equity (ROCE)	10.74%	-0.62%	20.76%	20.04%	14.63%	9.65%	15.73%	13.97%	14.51%	14.08%	13.26%
Return on Equity Simple (ROE_SIMPLE)	13.76%	0.00%	12.18%	13.11%	14.32%	0.00%	15.55%	14.12%	14.15%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	209	-12	392	385	277	164	259	283	273	247	200
NOPAT Margin	11.11%	-0.62%	20.37%	20.10%	14.25%	9.21%	15.58%	13.97%	14.48%	13.01%	11.94%
Net Nonoperating Expense Percent (NNEP)	-0.56%	-0.04%	1.61%	6.82%	1.36%	1.61%	2.66%	2.00%	1.62%	0.86%	0.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	2.94%	-	-	-	2.93%	2.98%	2.50%
Cost of Revenue to Revenue	30.20%	23.91%	19.13%	23.82%	27.20%	20.07%	15.84%	22.52%	24.22%	19.42%	16.70%
SG&A Expenses to Revenue	8.61%	11.95%	8.47%	9.04%	8.74%	10.40%	10.84%	9.73%	9.35%	10.13%	11.01%
R&D to Revenue	29.56%	33.88%	30.98%	31.45%	30.03%	35.86%	37.89%	32.00%	32.18%	36.20%	42.25%
Operating Expenses to Revenue	54.44%	66.76%	52.70%	56.48%	54.04%	66.78%	62.23%	58.52%	55.76%	59.74%	67.09%
Earnings before Interest and Taxes (EBIT)	282	181	556	391	382	260	394	399	405	407	273
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	404	354	644	476	464	409	474	521	480	486	352
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.43	4.50	4.80	4.28	4.86	4.71	5.02	5.12	5.18	5.90	6.58
Price to Tangible Book Value (P/TBV)	23.28	25.32	25.56	19.55	22.19	20.43	22.52	22.54	22.36	52.53	94.90
Price to Revenue (P/Rev)	4.53	4.42	4.64	4.27	4.78	4.68	5.09	5.12	5.22	5.05	5.36
Price to Earnings (P/E)	32.18	40.89	39.38	32.67	33.93	27.82	32.25	36.23	36.58	33.60	38.43
Dividend Yield	0.75%	0.78%	0.74%	0.63%	0.56%	0.57%	0.55%	0.53%	0.52%	0.53%	0.48%
Earnings Yield	3.11%	2.45%	2.54%	3.06%	2.95%	3.59%	3.10%	2.76%	2.73%	2.98%	2.60%
Enterprise Value to Invested Capital (EV/IC)	4.76	4.98	5.21	4.48	5.61	5.55	5.56	5.53	6.04	6.19	6.36
Enterprise Value to Revenue (EV/Rev)	4.44	4.30	4.54	4.22	4.62	4.50	4.96	5.02	5.05	5.00	5.39
Enterprise Value to EBITDA (EV/EBITDA)	16.34	17.14	17.61	17.05	18.26	17.08	19.87	19.92	19.69	19.02	21.91
Enterprise Value to EBIT (EV/EBIT)	21.82	24.06	23.82	22.71	23.43	21.42	25.39	25.94	25.44	23.24	27.16
Enterprise Value to NOPAT (EV/NOPAT)	31.09	39.60	38.92	32.87	33.94	27.99	33.52	37.90	37.94	35.14	40.22
Enterprise Value to Operating Cash Flow (EV/OCF)	23.79	20.58	17.34	14.48	15.04	14.70	17.45	16.93	17.58	17.94	20.40
Enterprise Value to Free Cash Flow (EV/FCFF)	49.97	37.95	25.03	19.69	21.98	22.86	30.79	26.49	32.32	31.81	34.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.26	0.26	0.25	0.25	0.25	0.25	0.25	0.25	0.30	0.31
Long-Term Debt to Equity	0.25	0.26	0.26	0.25	0.25	0.25	0.25	0.25	0.25	0.23	0.24
Financial Leverage	-0.12	-0.14	-0.08	-0.03	-0.13	-0.15	-0.11	-0.07	-0.17	-0.13	-0.05
Leverage Ratio	1.81	1.83	1.75	1.71	1.80	1.82	1.75	1.75	1.81	1.86	1.81
Compound Leverage Factor	1.81	1.83	1.75	1.71	1.80	1.82	1.75	1.75	1.81	1.86	1.81
Debt to Total Capital	19.93%	20.49%	20.40%	19.89%	19.98%	20.03%	20.28%	20.27%	20.26%	22.78%	23.65%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.84%	5.02%
Long-Term Debt to Total Capital	19.93%	20.49%	20.40%	19.89%	19.98%	20.03%	20.28%	20.27%	20.26%	17.94%	18.63%
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	80.07%	79.51%	79.60%	80.11%	80.02%	79.97%	79.72%	79.73%	79.74%	77.22%	76.35%
Debt to EBITDA	0.94	1.01	0.96	1.00	0.97	0.94	1.03	1.01	1.00	0.96	1.02
Net Debt to EBITDA	-0.34	-0.48	-0.37	-0.23	-0.63	-0.69	-0.48	-0.36	-0.68	-0.19	0.14
Long-Term Debt to EBITDA	0.94	1.01	0.96	1.00	0.97	0.94	1.03	1.01	1.00	0.76	0.81
Debt to NOPAT	1.78	2.33	2.12	1.93	1.80	1.55	1.74	1.92	1.93	1.77	1.88
Net Debt to NOPAT	-0.64	-1.10	-0.82	-0.44	-1.17	-1.13	-0.82	-0.69	-1.30	-0.34	0.25
Long-Term Debt to NOPAT	1.78	2.33	2.12	1.93	1.80	1.55	1.74	1.92	1.93	1.40	1.48
Altman Z-Score	4.86	4.61	5.25	5.08	5.14	5.12	5.80	5.54	5.34	5.20	5.69
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	1.23	1.21	1.28	1.38	1.33	1.37	1.45	1.43	1.38	0.95	0.84
Quick Ratio	1.09	1.05	1.11	1.20	1.21	1.24	1.30	1.28	1.26	0.85	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-189	23	883	1,037	844	437	355	706	443	358	380
Operating Cash Flow to CapEx	2,339.58%	1,312.77%	797.78%	219.61%	2,430.77%	1,137.25%	179.10%	468.00%	2,352.00%	1,016.67%	23.61%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.54	0.58	0.58	0.57	0.56	0.57	0.56	0.54	0.58	0.61
Accounts Receivable Turnover	8.19	11.13	13.84	7.72	8.99	12.11	15.36	7.20	9.13	12.00	15.47
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	13.72	13.51	13.91	14.15	13.75	13.42	13.23	13.23	13.04	12.82	13.00
Accounts Payable Turnover	23.82	17.92	25.46	12.78	29.05	16.36	20.71	2.19	2.25	1.17	2.25
Days Sales Outstanding (DSO)	44.56	32.78	26.38	47.25	40.59	30.14	23.76	50.72	39.97	30.42	23.59
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)	15.32	20.37	14.34	28.57	12.57	22.31	17.62	166.47	162.01	311.66	162.25
Cash Conversion Cycle (CCC)	29.23	12.42	12.04	18.69	28.02	7.84	6.13	-115.75	-122.04	-281.24	-138.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,877	6,406	6,612	7,151	6,310	6,133	6,516	6,728	6,140	6,022	6,336
Invested Capital Turnover	1.10	1.16	1.11	1.02	1.16	1.21	1.11	1.07	1.18	1.23	1.16
Increase / (Decrease) in Invested Capital	398	-35	-491	-652	-567	-273	-96	-423	-170	-111	-180
Enterprise Value (EV)	32,757	31,906	34,446	32,017	35,383	34,038	36,231	37,217	37,099	37,300	40,301
Market Capitalization	33,431	32,793	35,168	32,441	36,606	35,418	37,115	37,897	38,371	37,664	40,047
Book Value per Share	$27.35	$26.59	$26.89	$27.96	$28.01	$28.10	$27.78	$28.04	$28.26	$24.50	$24.25
Tangible Book Value per Share	$5.20	$4.72	$5.05	$6.12	$6.13	$6.49	$6.19	$6.36	$6.54	$2.75	$1.68
Total Capital	9,430	9,173	9,214	9,456	9,414	9,395	9,282	9,291	9,295	8,270	7,966
Total Debt	1,879	1,880	1,880	1,881	1,881	1,882	1,882	1,883	1,883	1,884	1,884
Total Long-Term Debt	1,879	1,880	1,880	1,881	1,881	1,882	1,882	1,883	1,883	1,484	1,484
Net Debt	-674	-887	-722	-424	-1,223	-1,380	-884	-680	-1,272	-364	254
Capital Expenditures (CapEx)	48	47	45	51	52	51	67	50	50	54	72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,824	-2,083	-1,828	-1,249	-2,035	-2,105	-1,647	-1,378	-1,987	-2,031	-1,725
Debt-free Net Working Capital (DFNWC)	729	684	774	1,056	1,069	1,157	1,119	1,185	1,168	217	-95
Net Working Capital (NWC)	729	684	774	1,056	1,069	1,157	1,119	1,185	1,168	-183	-495
Net Nonoperating Expense (NNE)	5.06	0.40	-10	-14	-13	-18	-21	-11	-20	-7.49	-1.47
Net Nonoperating Obligations (NNO)	-674	-887	-722	-424	-1,223	-1,380	-884	-680	-1,272	-364	254
Total Depreciation and Amortization (D&A)	122	173	88	85	82	149	80	122	75	79	79
Debt-free, Cash-free Net Working Capital to Revenue	-24.73%	-28.05%	-24.11%	-16.45%	-26.58%	-27.84%	-22.57%	-18.60%	-27.05%	-27.21%	-23.08%
Debt-free Net Working Capital to Revenue	9.88%	9.21%	10.21%	13.91%	13.96%	15.30%	15.33%	15.99%	15.90%	2.91%	-1.27%
Net Working Capital to Revenue	9.88%	9.21%	10.21%	13.91%	13.96%	15.30%	15.33%	15.99%	15.90%	-2.45%	-6.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.74	($0.03)	$1.48	$1.47	$1.08	$0.68	$1.05	$1.11	$1.12	$1.00	$0.80
Adjusted Weighted Average Basic Shares Outstanding	276M	277M	272M	271M	269M	270M	266M	264M	262M	262M	251M
Adjusted Diluted Earnings per Share	$0.73	($0.03)	$1.47	$1.47	$1.07	$0.67	$1.04	$1.11	$1.11	$0.99	$0.79
Adjusted Weighted Average Diluted Shares Outstanding	278M	278M	274M	272M	271M	272M	268M	266M	265M	264M	254M
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	274.23M	272.71M	270.91M	268.97M	267.35M	266.38M	264.20M	262.27M	260.62M	250.77M	250.21M
Normalized Net Operating Profit after Tax (NOPAT)	209	200	393	265	277	205	260	321	273	248	200
Normalized NOPAT Margin	11.11%	10.68%	20.41%	13.86%	14.25%	11.53%	15.67%	15.83%	14.52%	13.11%	11.94%
Pre Tax Income Margin	14.99%	9.66%	28.90%	20.43%	19.64%	14.62%	23.73%	19.70%	21.51%	21.48%	16.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.83%	26.18%	23.40%	20.85%	19.09%	16.10%	17.64%	19.41%	19.26%	17.75%	18.91%
Augmented Payout Ratio	144.47%	187.66%	168.98%	151.76%	139.57%	118.22%	134.93%	153.25%	158.25%	241.48%	259.60%

Key Financial Trends

Electronic Arts (NASDAQ: EA) has sustained consistent revenue growth over the past several years, with operating revenue increasing from approximately $1.77 billion in Q4 2022 to $1.67 billion in Q1 2026, showing a stable top line despite some quarter-to-quarter fluctuations.

Positive Trends:

Net income improved significantly from a loss of $12 million in Q4 2023 to a positive $201 million in Q1 2026, indicating a strong recovery and profitability.
Gross profit has generally remained strong, with Q1 2026 at $1.39 billion, close to previous peaks, showing good control over cost of revenue.
Operating expenses remain under control relative to revenue, supporting healthy operating income of $271 million in Q1 2026.
The company invested moderately in property, plant, and equipment, signaling ongoing investments in infrastructure.
Cash and equivalents remain robust, with $1.52 billion by Q1 2026, providing liquidity for growth and operations.
Continued repurchases of common equity demonstrate management's confidence in the company's valuation and a commitment to returning capital to shareholders.
Cash dividends per share have been sustained at $0.19, reflecting consistent shareholder returns over multiple quarters.
Strong operating cash flow, though lower in the recent quarter ($17 million in Q1 2026), has historically been a solid cash generator (up to $1.17 billion in prior quarters), supporting financial stability.

Neutral Trends:

Fluctuations in net cash from operating activities, dropping significantly in recent quarters, could indicate variability in working capital management.
Long-term debt has remained stable around $1.48 billion in Q1 2026, which is manageable given the company's asset base and equity.

Negative Trends:

Changes in operating assets and liabilities caused a negative cash flow impact of $415 million in Q1 2026 compared to positive impacts in prior periods, reflecting some working capital challenges or operational delays.
Repurchase of common stock increased from $137.5 million in Q4 2025 to $375 million in Q1 2026, which, while a sign of confidence, also drained significant cash resources that could have been used for other investments.
Net cash from financing activities was negative $568 million in Q1 2026, implying higher outflows related to debt servicing, share buybacks, or dividends.
Effective tax expenses show variability and in certain quarters (e.g., negative tax expense in Q2 2024), suggesting some tax rate volatility or adjustments affecting net income consistency.
Restructuring charges peaked at $59 million in Q4 2024, indicating some past organizational or operational changes that likely incurred one-time costs.

Overall, Electronic Arts shows a solid financial position with improving profitability and strong cash balances, but recent quarters feature some working capital headwinds and significant capital returned through buybacks which investors should monitor.

08/28/25 06:06 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Electronic Arts' Financials

When does Electronic Arts' financial year end?

According to the most recent income statement we have on file, Electronic Arts' fiscal year ends in March. Their fiscal year 2025 ended on March 31, 2025.

How has Electronic Arts' net income changed over the last 10 years?

Electronic Arts' net income were at $1.12 billion at the end of 2025, a 11.9% decrease from 2024, and a 28.1% increase since 2015. See Electronic Arts' forecast for analyst expectations on what’s next for the company.

What is Electronic Arts' operating income?

Electronic Arts' total operating income in 2025 was $1.52 billion, based on the following breakdown:

Total Gross Profit: $5.92 billion
Total Operating Expenses: $4.40 billion

How has Electronic Arts' revenue changed over the last 10 years?

Over the last 10 years, Electronic Arts' total revenue changed from $4.52 billion in 2015 to $7.46 billion in 2025, a change of 65.3%.

How much debt does Electronic Arts have?

Electronic Arts' total liabilities were at $5.98 billion at the end of 2025, a 1.3% increase from 2024, and a 94.2% increase since 2015.

How much cash does Electronic Arts have?

In the past 10 years, Electronic Arts' cash and equivalents has ranged from $2.07 billion in 2015 to $5.26 billion in 2021, and is currently $2.14 billion as of their latest financial filing in 2025.

How has Electronic Arts' book value per share changed over the last 10 years?

Over the last 10 years, Electronic Arts' book value per share changed from 9.79 in 2015 to 24.50 in 2025, a change of 150.2%.

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This page (NASDAQ:EA) was last updated on 8/28/2025 by MarketBeat.com Staff

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Electronic Arts (EA) Financials

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Electronic Arts (EA) Financials

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