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Electronic Arts (EA) Financials

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$162.75 -0.25 (-0.15%)
Closing price 08/7/2025 04:00 PM Eastern
Extended Trading
$163.04 +0.28 (+0.18%)
As of 08:33 AM Eastern
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Annual Income Statements for Electronic Arts

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

Quarterly Income Statements for Electronic Arts

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

Annual Cash Flow Statements for Electronic Arts

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

Quarterly Cash Flow Statements for Electronic Arts

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

Annual Balance Sheets for Electronic Arts

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

Quarterly Balance Sheets for Electronic Arts

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

Annual Metrics And Ratios for Electronic Arts

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%

Quarterly Metrics And Ratios for Electronic Arts

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 demonstrated several notable financial trends over the past four years, based on its quarterly results ending in Q1 2026. Here are the key insights drawn from the detailed income statements, cash flow statements, and balance sheets:

  • Consistent Revenue Growth: EA's operating revenue reached $1.671 billion in Q1 2026, showing stability and slight growth compared to previous quarters like Q1 2025 ($1.66 billion) and Q4 2025 ($1.895 billion). This indicates steady demand for their gaming products and services.
  • Solid Gross Profit Margins: Gross profit remained strong with $1.392 billion in Q1 2026, maintaining healthy margins above 80% consistently over recent quarters.
  • Positive Net Income Trend: The company posted a net income of $201 million in Q1 2026, continuing a profitable streak after overcoming a net loss in Q4 2023. Earnings-per-share (diluted) were $0.79 in Q1 2026 with a steady dividend payout of $0.19 per share, reflecting stable shareholder returns.
  • Strong Cash Position: Cash and cash equivalents remain substantial at $1.518 billion in Q1 2026. Over recent quarters, EA consistently managed positive operating cash flows, indicating good cash-generating ability.
  • Prudent Share Repurchase Plans: EA has actively repurchased common equity, with $375 million spent in Q1 2026. This suggests shareholder value enhancement and confidence from management.
  • Significant R&D and Marketing Expenses: Research & Development expenses stood at $706 million in Q1 2026, and marketing costs at $214 million. These are sizable investments reflecting efforts to innovate and maintain market presence but could pressure margins if not managed carefully.
  • High Goodwill and Intangible Assets: Goodwill was around $5.39 billion as of Q1 2026, reflecting past acquisitions. Intangible assets were $271 million. Goodwill level appears consistent but warrants monitoring for impairment risk.
  • Declining Operating Income: Operating income dropped from $542 million in Q1 2024 to $271 million in Q1 2026, signifying reduced profitability at the operating level—a potential concern for cost management or pricing pressures.
  • Increasing Debt and Liabilities: Total liabilities have risen to approximately $5.62 billion by Q1 2026 compared to around $5 billion in earlier years, with long-term debt around $1.48 billion. This increasing leverage could elevate financial risk if earnings do not improve.
  • Negative Net Change in Cash Flow in Q1 2026: Despite positive operating cash flow, total cash decreased by $618 million in Q1 2026, primarily due to investing activities and significant financing outflows. This signals heavy capital expenditure, acquisitions, or debt repayments impacting liquidity.

In summary, Electronic Arts continues to generate strong revenue and cash flows with disciplined shareholder returns through dividends and buybacks. However, concerns include declining operating income and increased liabilities, which investors should watch closely. The company's sustained investment in R&D and marketing aims to drive future growth but needs to be balanced for profitability improvement.

Investors considering EA should weigh its solid cash position and revenue stability against pressures on earnings and rising debt levels, keeping an eye on upcoming quarters for operational improvements.

08/08/25 07:43 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Electronic Arts' Financials

When does Electronic Arts' fiscal year end?

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

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

In the past 10 years, Electronic Arts' net income has ranged from $789 million in 2022 to $3.04 billion in 2020, and is currently $1.12 billion as of their latest financial filing in 2025. See where experts think Electronic Arts is headed by visiting Electronic Arts' forecast page.

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%.



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