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Electronic Arts (EA) Financials

Electronic Arts logo
$200.79 -0.78 (-0.39%)
Closing price 04:00 PM Eastern
Extended Trading
$201.02 +0.23 (+0.12%)
As of 08:00 PM 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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 402 399 290 182 280 294 293 254 201 137 88
Consolidated Net Income / (Loss)		 402 399 290 182 280 294 293 254 201 137 88
Net Income / (Loss) Continuing Operations		 402 399 290 182 280 294 293 254 201 137 88
Total Pre-Tax Income 		556 391 382 260 394 399 405 407 273 197 131
Total Operating Income		 542 377 365 234 364 384 377 395 271 200 127
Total Gross Profit		 1,556 1,458 1,416 1,422 1,397 1,569 1,427 1,527 1,392 1,396 1,403
Total Revenue		 1,924 1,914 1,945 1,779 1,660 2,025 1,883 1,895 1,671 1,839 1,901
Operating Revenue		 1,924 1,914 1,945 1,779 1,660 2,025 1,883 1,895 1,671 1,839 1,901
Total Cost of Revenue		 368 456 529 357 263 456 456 368 279 443 498
Operating Cost of Revenue		 368 456 529 357 263 456 456 368 279 443 498
Total Operating Expenses		 1,014 1,081 1,051 1,188 1,033 1,185 1,050 1,132 1,121 1,196 1,276
Selling, General & Admin Expense		 163 173 170 185 180 197 176 192 184 189 199
Marketing Expense		 229 280 276 234 205 272 251 234 214 304 356
Research & Development Expense		 596 602 584 638 629 648 606 686 706 686 704
Amortization Expense		 25 24 21 72 17 17 16 17 17 17 17
Restructuring Charge		 1.00 2.00 0.00 59 2.00 51 1.00 3.00 0.00 0.00 0.00
Total Other Income / (Expense), net		 14 14 17 26 30 15 28 12 2.00 -3.00 4.00
Other Income / (Expense), net		 14 14 17 26 30 15 28 12 2.00 -3.00 4.00
Income Tax Expense		 154 -8.00 92 78 114 105 112 153 72 60 43
Basic Earnings per Share		 $1.48 $1.47 $1.08 $0.68 $1.05 $1.11 $1.12 $1.00 $0.80 $0.55 $0.35
Weighted Average Basic Shares Outstanding		 272M 271M 269M 270M 266M 264M 262M 262M 251M 250M 250M
Diluted Earnings per Share		 $1.47 $1.47 $1.07 $0.67 $1.04 $1.11 $1.11 $0.99 $0.79 $0.54 $0.35
Weighted Average Diluted Shares Outstanding		 274M 272M 271M 272M 268M 266M 265M 264M 254M 252M 253M
Weighted Average Basic & Diluted Shares Outstanding		 270.91M 268.97M 267.35M 266.38M 264.20M 262.27M 260.62M 250.77M 250.21M 249.40M 250.25M
Cash Dividends to Common per Share		 $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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 -165 -313 796 158 -500 -203 579 -640 -618 -370 1,636
Net Cash From Operating Activities		 359 112 1,264 580 120 234 1,176 549 17 130 1,826
Net Cash From Continuing Operating Activities		 359 112 1,264 580 120 234 1,176 549 17 130 1,826
Net Income / (Loss) Continuing Operations		 402 399 290 182 280 294 293 254 201 137 88
Consolidated Net Income / (Loss)		 402 399 290 182 280 294 293 254 201 137 88
Depreciation Expense		 88 85 82 149 80 122 75 79 79 82 79
Non-Cash Adjustments To Reconcile Net Income		 130 155 151 148 143 174 163 162 152 174 178
Changes in Operating Assets and Liabilities, net		 -261 -527 741 101 -383 -356 645 54 -415 -263 1,481
Net Cash From Investing Activities		 -44 -63 -51 -49 -69 -46 -62 214 -89 -68 -57
Net Cash From Continuing Investing Activities		 -44 -63 -51 -49 -69 -46 -62 214 -89 -68 -57
Purchase of Property, Plant & Equipment		 -45 -51 -52 -51 -67 -50 -50 -54 -72 -43 -54
Purchase of Investments		 -150 -163 -147 -180 -130 -107 -139 -61 -42 -55 -18
Sale and/or Maturity of Investments		 151 151 148 182 128 111 127 329 42 30 15
Net Cash From Financing Activities		 -482 -351 -431 -360 -546 -402 -504 -1,411 -568 -429 -136
Net Cash From Continuing Financing Activities		 -482 -351 -431 -360 -546 -402 -504 -1,411 -568 -429 -136
Payment of Dividends		 -52 -51 -51 -51 -50 -51 -50 -48 -48 -48 -47
Other Financing Activities, net		 -105 -15 -58 -18 -121 -18 -72 -23 -145 -32 -89
Effect of Exchange Rate Changes		 2.00 -11 14 -13 -5.00 11 -31 8.00 22 -3.00 3.00
Cash Income Taxes Paid		 23 33 148 504 23 186 124 71 26 78 41

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 9/30/2025 12/31/2025
Total Assets		 13,459 13,083 13,139 13,617 13,420 12,708 13,136 13,451 11,699 11,854 13,280
Total Current Assets		 3,969 3,574 3,844 4,349 4,247 3,587 3,972 4,272 2,545 2,716 4,108
Cash & Equivalents		 2,424 2,259 1,946 2,742 2,900 2,400 2,197 2,776 1,518 1,148 2,784
Short-Term Investments		 343 343 359 362 362 366 366 379 112 112 115
Accounts Receivable		 684 517 1,047 867 565 433 1,012 742 533 1,077 829
Other Current Assets		 518 455 492 378 420 388 397 375 382 379 380
Plant, Property, & Equipment, net		 549 545 542 561 578 558 578 566 592 578 600
Total Noncurrent Assets		 8,941 8,964 8,753 8,707 8,595 8,563 8,586 8,613 8,562 8,560 8,572
Goodwill		 5,380 5,381 5,378 5,382 5,379 5,379 5,381 5,376 5,389 5,388 5,388
Intangible Assets		 618 577 538 501 400 373 346 320 271 245 219
Noncurrent Deferred & Refundable Income Taxes		 2,462 2,555 2,353 2,375 2,380 2,393 2,431 2,467 2,462 2,455 2,451
Other Noncurrent Operating Assets		 481 451 484 449 436 418 428 450 440 472 514
Total Liabilities & Shareholders' Equity		 13,459 13,083 13,139 13,617 13,420 12,708 13,136 13,451 11,699 11,854 13,280
Total Liabilities		 6,166 5,749 5,564 6,084 5,907 5,308 5,728 6,039 5,617 5,854 7,128
Total Current Liabilities		 3,285 2,800 2,788 3,280 3,090 2,468 2,787 3,104 3,040 3,240 4,436
Short-Term Debt		 - - - - - - - - 400 400 400
Accounts Payable		 99 75 152 62 1,276 80 1,312 1,298 1,306 1,514 1,546
Current Deferred Revenue		 1,901 1,580 1,498 1,919 1,814 1,412 1,475 1,806 1,334 1,326 2,490
Total Noncurrent Liabilities		 2,881 2,949 2,776 2,804 2,817 2,840 2,941 2,935 2,577 2,614 2,692
Long-Term Debt		 1,880 1,880 1,881 1,881 1,882 1,882 1,883 1,883 1,484 1,485 1,485
Noncurrent Deferred & Payable Income Tax Liabilities		 608 682 459 484 497 526 552 573 647 684 719
Other Noncurrent Operating Liabilities		 393 387 436 439 438 432 506 479 446 445 488
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		 7,293 7,334 7,575 7,533 7,513 7,400 7,408 7,412 6,082 6,000 6,152
Total Preferred & Common Equity		 7,293 7,334 7,575 7,533 7,513 7,400 7,408 7,412 6,082 6,000 6,152
Total Common Equity		 7,293 7,334 7,575 7,533 7,513 7,400 7,408 7,412 6,082 6,000 6,152
Common Stock		 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 85
Retained Earnings		 7,357 7,406 7,606 7,614 7,582 7,457 7,520 7,472 6,241 6,153 6,194
Accumulated Other Comprehensive Income / (Loss)		 -67 -75 -34 -84 -72 -60 -115 -63 -162 -156 -127

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.89% 0.53% 3.40% -5.07% -13.72% 5.80% -3.19% 6.52% 0.66% -9.19% 0.96%
EBITDA Growth		 17.09% -14.08% 14.85% 15.54% -26.40% 9.45% 3.45% 18.83% -25.74% -46.45% -56.25%
EBIT Growth		 27.52% -8.43% 35.46% 43.65% -29.14% 2.05% 6.02% 56.54% -30.71% -50.63% -67.65%
NOPAT Growth		 24.58% 28.67% 32.54% 1,511.80% -33.99% -26.45% -1.57% 50.50% -22.87% -50.84% -68.72%
Net Income Growth		 29.26% 33.44% 42.16% 1,616.67% -30.35% -26.32% 1.03% 39.56% -28.21% -53.40% -69.97%
EPS Growth		 32.43% 37.38% 46.58% 2,333.33% -29.25% -24.49% 3.74% 47.76% -24.04% -51.35% -68.47%
Operating Cash Flow Growth		 560.26% 200.00% 12.56% -6.00% -66.57% 108.93% -6.96% -5.34% -85.83% -44.44% 55.27%
Free Cash Flow Firm Growth		 197.83% 303.39% 546.76% 1,766.84% -59.83% -31.91% -47.55% -18.15% 7.01% -65.71% 145.59%
Invested Capital Growth		 -6.91% -8.36% -8.24% -4.26% -1.45% -5.92% -2.69% -1.81% -2.76% -1.53% -16.32%
Revenue Q/Q Growth		 2.67% -0.52% 1.62% -8.53% -6.69% 21.99% -7.01% 0.64% -11.82% 10.05% 3.37%
EBITDA Q/Q Growth		 81.92% -26.09% -2.52% -11.85% 15.89% 9.92% -7.87% 1.25% -27.57% -20.74% -24.73%
EBIT Q/Q Growth		 207.18% -29.68% -2.30% -31.94% 51.54% 1.27% 1.50% 0.49% -32.92% -27.84% -33.50%
NOPAT Q/Q Growth		 3,477.61% -1.83% -27.97% -40.89% 57.92% 9.38% -3.61% -9.62% -19.06% -30.29% -38.66%
Net Income Q/Q Growth		 3,450.00% -0.75% -27.32% -37.24% 53.85% 5.00% -0.34% -13.31% -20.87% -31.84% -35.77%
EPS Q/Q Growth		 5,000.00% 0.00% -27.21% -37.38% 55.22% 6.73% 0.00% -10.81% -20.20% -31.65% -35.19%
Operating Cash Flow Q/Q Growth		 -41.82% -68.80% 1,028.57% -54.11% -79.31% 95.00% 402.56% -53.32% -96.90% 664.71% 1,304.62%
Free Cash Flow Firm Q/Q Growth		 3,673.34% 17.42% -18.58% -48.25% -18.80% 99.04% -37.28% -19.25% 6.16% -36.21% 349.14%
Invested Capital Q/Q Growth		 3.22% 8.15% -11.76% -2.81% 6.24% 3.25% -8.74% -1.92% 5.21% 4.56% -22.45%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.87% 76.18% 72.80% 79.93% 84.16% 77.48% 75.78% 80.58% 83.30% 75.91% 73.80%
EBITDA Margin		 33.47% 24.87% 23.86% 22.99% 28.55% 25.73% 25.49% 25.65% 21.07% 15.17% 11.05%
Operating Margin		 28.17% 19.70% 18.77% 13.15% 21.93% 18.96% 20.02% 20.84% 16.22% 10.88% 6.68%
EBIT Margin		 28.90% 20.43% 19.64% 14.62% 23.73% 19.70% 21.51% 21.48% 16.34% 10.71% 6.89%
Profit (Net Income) Margin		 20.89% 20.85% 14.91% 10.23% 16.87% 14.52% 15.56% 13.40% 12.03% 7.45% 4.63%
Tax Burden Percent		 72.30% 102.05% 75.92% 70.00% 71.07% 73.68% 72.35% 62.41% 73.63% 69.54% 67.18%
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		 27.70% -2.05% 24.08% 30.00% 28.93% 26.32% 27.65% 37.59% 26.37% 30.46% 32.82%
Return on Invested Capital (ROIC)		 22.52% 20.41% 16.54% 11.11% 17.33% 14.92% 17.10% 15.97% 13.89% 8.26% 5.81%
ROIC Less NNEP Spread (ROIC-NNEP)		 20.92% 13.59% 15.18% 9.50% 14.67% 12.92% 15.47% 15.12% 13.42% 15.84% 5.58%
Return on Net Nonoperating Assets (RNNOA)		 -1.76% -0.37% -1.91% -1.45% -1.60% -0.95% -2.58% -1.90% -0.63% -0.07% -0.94%
Return on Equity (ROE)		 20.76% 20.04% 14.63% 9.65% 15.73% 13.97% 14.51% 14.08% 13.26% 8.19% 4.87%
Cash Return on Invested Capital (CROIC)		 20.07% 21.75% 24.41% 23.75% 17.93% 20.24% 18.44% 19.29% 18.39% 14.39% 29.65%
Operating Return on Assets (OROA)		 16.68% 11.83% 11.10% 8.22% 13.43% 11.11% 11.68% 12.43% 10.01% 6.25% 3.77%
Return on Assets (ROA)		 12.06% 12.07% 8.43% 5.76% 9.55% 8.19% 8.45% 7.76% 7.37% 4.35% 2.53%
Return on Common Equity (ROCE)		 20.76% 20.04% 14.63% 9.65% 15.73% 13.97% 14.51% 14.08% 13.26% 8.19% 4.87%
Return on Equity Simple (ROE_SIMPLE)		 12.18% 13.11% 14.32% 0.00% 15.55% 14.12% 14.15% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 392 385 277 164 259 283 273 247 200 139 85
NOPAT Margin		 20.37% 20.10% 14.25% 9.21% 15.58% 13.97% 14.48% 13.01% 11.94% 7.56% 4.49%
Net Nonoperating Expense Percent (NNEP)		 1.61% 6.82% 1.36% 1.61% 2.66% 2.00% 1.62% 0.86% 0.47% -7.59% 0.24%
Return On Investment Capital (ROIC_SIMPLE)		 - - 2.94% - - - 2.93% 2.98% 2.50% 1.76% 1.06%
Cost of Revenue to Revenue		 19.13% 23.82% 27.20% 20.07% 15.84% 22.52% 24.22% 19.42% 16.70% 24.09% 26.20%
SG&A Expenses to Revenue		 8.47% 9.04% 8.74% 10.40% 10.84% 9.73% 9.35% 10.13% 11.01% 10.28% 10.47%
R&D to Revenue		 30.98% 31.45% 30.03% 35.86% 37.89% 32.00% 32.18% 36.20% 42.25% 37.30% 37.03%
Operating Expenses to Revenue		 52.70% 56.48% 54.04% 66.78% 62.23% 58.52% 55.76% 59.74% 67.09% 65.04% 67.12%
Earnings before Interest and Taxes (EBIT)		 556 391 382 260 394 399 405 407 273 197 131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 644 476 464 409 474 521 480 486 352 279 210
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.80 4.28 4.86 4.71 5.02 5.12 5.18 5.90 6.58 8.41 8.28
Price to Tangible Book Value (P/TBV)		 25.56 19.55 22.19 20.43 22.52 22.54 22.36 52.53 94.90 137.51 93.51
Price to Revenue (P/Rev)		 4.64 4.27 4.78 4.68 5.09 5.12 5.22 5.05 5.36 6.92 6.98
Price to Earnings (P/E)		 39.38 32.67 33.93 27.82 32.25 36.23 36.58 33.60 38.43 57.02 74.94
Dividend Yield		 0.74% 0.63% 0.56% 0.57% 0.55% 0.53% 0.52% 0.53% 0.48% 0.38% 0.37%
Earnings Yield		 2.54% 3.06% 2.95% 3.59% 3.10% 2.76% 2.73% 2.98% 2.60% 1.75% 1.33%
Enterprise Value to Invested Capital (EV/IC)		 5.21 4.48 5.61 5.55 5.56 5.53 6.04 6.19 6.36 7.71 9.72
Enterprise Value to Revenue (EV/Rev)		 4.54 4.22 4.62 4.50 4.96 5.02 5.05 5.00 5.39 7.01 6.84
Enterprise Value to EBITDA (EV/EBITDA)		 17.61 17.05 18.26 17.08 19.87 19.92 19.69 19.02 21.91 31.99 37.64
Enterprise Value to EBIT (EV/EBIT)		 23.82 22.71 23.43 21.42 25.39 25.94 25.44 23.24 27.16 39.85 49.55
Enterprise Value to NOPAT (EV/NOPAT)		 38.92 32.87 33.94 27.99 33.52 37.90 37.94 35.14 40.22 59.54 74.56
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.34 14.48 15.04 14.70 17.45 16.93 17.58 17.94 20.40 27.29 19.80
Enterprise Value to Free Cash Flow (EV/FCFF)		 25.03 19.69 21.98 22.86 30.79 26.49 32.32 31.81 34.10 53.16 29.87
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.26 0.25 0.25 0.25 0.25 0.25 0.25 0.30 0.31 0.31 0.31
Long-Term Debt to Equity		 0.26 0.25 0.25 0.25 0.25 0.25 0.25 0.23 0.24 0.25 0.24
Financial Leverage		 -0.08 -0.03 -0.13 -0.15 -0.11 -0.07 -0.17 -0.13 -0.05 0.00 -0.17
Leverage Ratio		 1.75 1.71 1.80 1.82 1.75 1.75 1.81 1.86 1.81 1.86 1.97
Compound Leverage Factor		 1.75 1.71 1.80 1.82 1.75 1.75 1.81 1.86 1.81 1.86 1.97
Debt to Total Capital		 20.40% 19.89% 19.98% 20.03% 20.28% 20.27% 20.26% 22.78% 23.65% 23.91% 23.45%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.84% 5.02% 5.07% 4.98%
Long-Term Debt to Total Capital		 20.40% 19.89% 19.98% 20.03% 20.28% 20.27% 20.26% 17.94% 18.63% 18.83% 18.48%
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		 79.60% 80.11% 80.02% 79.97% 79.72% 79.73% 79.74% 77.22% 76.35% 76.09% 76.55%
Debt to EBITDA		 0.96 1.00 0.97 0.94 1.03 1.01 1.00 0.96 1.02 1.18 1.42
Net Debt to EBITDA		 -0.37 -0.23 -0.63 -0.69 -0.48 -0.36 -0.68 -0.19 0.14 0.39 -0.76
Long-Term Debt to EBITDA		 0.96 1.00 0.97 0.94 1.03 1.01 1.00 0.76 0.81 0.93 1.12
Debt to NOPAT		 2.12 1.93 1.80 1.55 1.74 1.92 1.93 1.77 1.88 2.20 2.81
Net Debt to NOPAT		 -0.82 -0.44 -1.17 -1.13 -0.82 -0.69 -1.30 -0.34 0.25 0.73 -1.51
Long-Term Debt to NOPAT		 2.12 1.93 1.80 1.55 1.74 1.92 1.93 1.40 1.48 1.73 2.22
Altman Z-Score		 5.25 5.08 5.14 5.12 5.80 5.54 5.34 5.20 5.69 6.52 5.50
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		 1.28 1.38 1.33 1.37 1.45 1.43 1.38 0.95 0.84 0.84 0.93
Quick Ratio		 1.11 1.20 1.21 1.24 1.30 1.28 1.26 0.85 0.71 0.72 0.84
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 883 1,037 844 437 355 706 443 358 380 242 1,087
Operating Cash Flow to CapEx		 797.78% 219.61% 2,430.77% 1,137.25% 179.10% 468.00% 2,352.00% 1,016.67% 23.61% 302.33% 3,381.48%
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		 0.58 0.58 0.57 0.56 0.57 0.56 0.54 0.58 0.61 0.58 0.55
Accounts Receivable Turnover		 13.84 7.72 8.99 12.11 15.36 7.20 9.13 12.00 15.47 6.98 9.30
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		 13.91 14.15 13.75 13.42 13.23 13.23 13.04 12.82 13.00 12.61 12.53
Accounts Payable Turnover		 25.46 12.78 29.05 16.36 20.71 2.19 2.25 1.17 2.25 1.09 1.12
Days Sales Outstanding (DSO)		 26.38 47.25 40.59 30.14 23.76 50.72 39.97 30.42 23.59 52.31 39.24
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)		 14.34 28.57 12.57 22.31 17.62 166.47 162.01 311.66 162.25 333.60 326.85
Cash Conversion Cycle (CCC)		 12.04 18.69 28.02 7.84 6.13 -115.75 -122.04 -281.24 -138.66 -281.29 -287.60
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,612 7,151 6,310 6,133 6,516 6,728 6,140 6,022 6,336 6,625 5,138
Invested Capital Turnover		 1.11 1.02 1.16 1.21 1.11 1.07 1.18 1.23 1.16 1.09 1.30
Increase / (Decrease) in Invested Capital		 -491 -652 -567 -273 -96 -423 -170 -111 -180 -103 -1,002
Enterprise Value (EV)		 34,446 32,017 35,383 34,038 36,231 37,217 37,099 37,300 40,301 51,092 49,947
Market Capitalization		 35,168 32,441 36,606 35,418 37,115 37,897 38,371 37,664 40,047 50,467 50,961
Book Value per Share		 $26.89 $27.96 $28.01 $28.10 $27.78 $28.04 $28.26 $24.50 $24.25 $23.98 $24.67
Tangible Book Value per Share		 $5.05 $6.12 $6.13 $6.49 $6.19 $6.36 $6.54 $2.75 $1.68 $1.47 $2.19
Total Capital		 9,214 9,456 9,414 9,395 9,282 9,291 9,295 8,270 7,966 7,885 8,037
Total Debt		 1,880 1,881 1,881 1,882 1,882 1,883 1,883 1,884 1,884 1,885 1,885
Total Long-Term Debt		 1,880 1,881 1,881 1,882 1,882 1,883 1,883 1,484 1,484 1,485 1,485
Net Debt		 -722 -424 -1,223 -1,380 -884 -680 -1,272 -364 254 625 -1,014
Capital Expenditures (CapEx)		 45 51 52 51 67 50 50 54 72 43 54
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,828 -1,249 -2,035 -2,105 -1,647 -1,378 -1,987 -2,031 -1,725 -1,384 -2,827
Debt-free Net Working Capital (DFNWC)		 774 1,056 1,069 1,157 1,119 1,185 1,168 217 -95 -124 72
Net Working Capital (NWC)		 774 1,056 1,069 1,157 1,119 1,185 1,168 -183 -495 -524 -328
Net Nonoperating Expense (NNE)		 -10 -14 -13 -18 -21 -11 -20 -7.49 -1.47 2.09 -2.69
Net Nonoperating Obligations (NNO)		 -722 -424 -1,223 -1,380 -884 -680 -1,272 -364 254 625 -1,014
Total Depreciation and Amortization (D&A)		 88 85 82 149 80 122 75 79 79 82 79
Debt-free, Cash-free Net Working Capital to Revenue		 -24.11% -16.45% -26.58% -27.84% -22.57% -18.60% -27.05% -27.21% -23.08% -18.99% -38.69%
Debt-free Net Working Capital to Revenue		 10.21% 13.91% 13.96% 15.30% 15.33% 15.99% 15.90% 2.91% -1.27% -1.70% 0.99%
Net Working Capital to Revenue		 10.21% 13.91% 13.96% 15.30% 15.33% 15.99% 15.90% -2.45% -6.62% -7.19% -4.49%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.48 $1.47 $1.08 $0.68 $1.05 $1.11 $1.12 $1.00 $0.80 $0.55 $0.35
Adjusted Weighted Average Basic Shares Outstanding		 272M 271M 269M 270M 266M 264M 262M 262M 251M 250M 250M
Adjusted Diluted Earnings per Share		 $1.47 $1.47 $1.07 $0.67 $1.04 $1.11 $1.11 $0.99 $0.79 $0.54 $0.35
Adjusted Weighted Average Diluted Shares Outstanding		 274M 272M 271M 272M 268M 266M 265M 264M 254M 252M 253M
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		 270.91M 268.97M 267.35M 266.38M 264.20M 262.27M 260.62M 250.77M 250.21M 249.40M 250.25M
Normalized Net Operating Profit after Tax (NOPAT)		 393 265 277 205 260 321 273 248 200 139 85
Normalized NOPAT Margin		 20.41% 13.86% 14.25% 11.53% 15.67% 15.83% 14.52% 13.11% 11.94% 7.56% 4.49%
Pre Tax Income Margin		 28.90% 20.43% 19.64% 14.62% 23.73% 19.70% 21.51% 21.48% 16.34% 10.71% 6.89%
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		 23.40% 20.85% 19.09% 16.10% 17.64% 19.41% 19.26% 17.75% 18.91% 21.92% 28.09%
Augmented Payout Ratio		 168.98% 151.76% 139.57% 118.22% 134.93% 153.25% 158.25% 241.48% 259.60% 307.46% 343.38%

Financials Breakdown Chart

Key Financial Trends

Electronic Arts (EA) shows a mix of solid cash generation and ongoing profitability challenges across its latest four-year span. Here are the most notable points, organized by potential impact on the stock:

  • Q3 2026 cash from continuing operating activities rose to about $1.83B, a substantial improvement from $0.88B in Q3 2025, signaling stronger quarterly cash generation.
  • Liquidity remains solid, with cash & equivalents of $2.784B and short-term investments of $115M in Q3 2026 (about $2.899B total).
  • Gross profit in Q3 2026 was about $1.403B on revenue of $1.901B, resulting in a robust gross margin (~74%).
  • Revenue in the latest quarter sits around $1.90B, indicating a stable, sizable topline alongside controlled cost of revenue.
  • Dividend per share is maintained at $0.19, reflecting ongoing, predictable capital returns.
  • Balance sheet remains strong with Total Assets ~ $13.28B and Total Equity ~ $6.15B in Q3 2026, featuring large goodwill and intangible assets from acquisitions.
  • Long-term debt ~ $1.49B and a debt/Equity posture near 1.15x suggest moderate leverage given cash generation, though leverage is higher due to acquisitions.
  • Net income attributable to common shareholders declined to about $88M in Q3 2026 from $293M in Q3 2025, indicating year-over-year profitability pressure.
  • Total operating expenses rose to about $1.276B in Q3 2026 from roughly $1.056B in Q3 2025, signaling margin pressure from higher SGA, marketing, and RD spend.
  • Working capital swings were large in Q3 2026, with net cash outflow from changes in operating assets and liabilities of about $1.481B, dampening cash generation despite stronger CFO.
05/06/26 08:07 PM ETAI 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?

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. View Electronic Arts' forecast to see where analysts expect Electronic Arts to go next.

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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Financial statements for NASDAQ:EA last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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