ASML Holding NV ADR (ASML) financial statements

Technology · Semiconductor Equipment & Materials · Market cap $651.6B

ASML Holding NV ADR reported revenue of 32.7B EUR in fiscal 2025, up 18.9% a year over 9 years.

Net income was 9.6B EUR and the operating margin 34.6%, against 25.6% in 2016.

Free cash flow was 11.1B EUR, and the company returned 6.0B EUR in net buybacks.

The diluted share count fell 9% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (EUR).

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Income statement

Fiscal years, in EUR, from ASML Holding NV ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	6.9B EUR	9.0B EUR	10.9B EUR	11.8B EUR	14.0B EUR	18.6B EUR	21.2B EUR	27.6B EUR	28.3B EUR	32.7B EUR
Cost of revenue	3.7B EUR	4.9B EUR	5.9B EUR	6.5B EUR	7.2B EUR	8.8B EUR	10.5B EUR	13.4B EUR	13.8B EUR	15.4B EUR
Gross profit	3.1B EUR	4.0B EUR	5.0B EUR	5.3B EUR	6.8B EUR	9.8B EUR	10.7B EUR	14.1B EUR	14.5B EUR	17.3B EUR
Research and development	—	1.3B EUR	1.6B EUR	2.0B EUR	2.2B EUR	2.5B EUR	3.3B EUR	4.0B EUR	4.3B EUR	4.7B EUR
Selling, general and admin	375M EUR	417M EUR	488M EUR	520M EUR	545M EUR	726M EUR	946M EUR	1.1B EUR	1.2B EUR	1.3B EUR
Operating income	1.8B EUR	2.4B EUR	3.0B EUR	2.8B EUR	4.1B EUR	6.8B EUR	6.5B EUR	9.0B EUR	9.0B EUR	11.3B EUR
Interest expense	38M EUR	58M EUR	42M EUR	37M EUR	43M EUR	55M EUR	61M EUR	153M EUR	163M EUR	118M EUR
Pre-tax income	1.8B EUR	2.4B EUR	2.9B EUR	2.8B EUR	4.0B EUR	6.7B EUR	6.5B EUR	9.1B EUR	9.0B EUR	11.4B EUR
Income tax	234M EUR	306M EUR	352M EUR	192M EUR	552M EUR	1.0B EUR	970M EUR	1.4B EUR	1.7B EUR	2.0B EUR
Net income	1.6B EUR	2.1B EUR	2.6B EUR	2.6B EUR	3.6B EUR	5.9B EUR	5.6B EUR	7.8B EUR	7.6B EUR	9.6B EUR
EPS (diluted)	3.64 EUR	4.79 EUR	6.08 EUR	6.15 EUR	8.48 EUR	14.34 EUR	14.13 EUR	19.89 EUR	19.24 EUR	24.71 EUR
Diluted shares	428M	432M	426M	422M	419M	410M	398M	394M	394M	389M
Gross margin	45.7%	44.9%	46.0%	44.7%	48.6%	52.7%	50.5%	51.3%	51.3%	52.8%
Operating margin	25.6%	27.2%	27.1%	23.6%	29.0%	36.3%	30.7%	32.8%	31.9%	34.6%
Net margin	22.7%	23.1%	23.7%	21.9%	25.4%	31.6%	26.6%	28.4%	26.8%	29.4%

Balance sheet

Fiscal years, in EUR, from ASML Holding NV ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Cash and short-term investments	4.1B EUR	3.3B EUR	4.0B EUR	4.7B EUR	7.4B EUR	7.6B EUR	7.4B EUR	7.0B EUR	12.7B EUR	13.3B EUR
Receivables	700M EUR	1.7B EUR	1.5B EUR	1.8B EUR	1.3B EUR	3.0B EUR	5.3B EUR	4.3B EUR	4.5B EUR	3.0B EUR
Inventory	2.8B EUR	3.0B EUR	3.4B EUR	3.8B EUR	4.6B EUR	5.2B EUR	7.2B EUR	8.9B EUR	10.9B EUR	11.4B EUR
Total current assets	8.6B EUR	8.9B EUR	10.5B EUR	12.1B EUR	15.9B EUR	18.2B EUR	23.1B EUR	24.4B EUR	30.7B EUR	30.6B EUR
Property, plant and equipment	1.7B EUR	1.6B EUR	1.6B EUR	2.0B EUR	2.5B EUR	3.0B EUR	3.9B EUR	5.5B EUR	6.8B EUR	7.9B EUR
Goodwill	4.9B EUR	4.5B EUR	4.5B EUR	4.5B EUR	4.6B EUR	4.6B EUR	4.6B EUR	4.6B EUR	4.6B EUR	4.6B EUR
Total assets	17.2B EUR	18.2B EUR	20.1B EUR	22.6B EUR	27.3B EUR	30.2B EUR	36.3B EUR	40.0B EUR	48.6B EUR	50.6B EUR
Total current liabilities	3.3B EUR	3.2B EUR	3.8B EUR	4.7B EUR	6.6B EUR	12.3B EUR	18.0B EUR	16.3B EUR	20.1B EUR	24.3B EUR
Long-term debt	3.0B EUR	3.0B EUR	3.0B EUR	3.1B EUR	4.7B EUR	4.1B EUR	3.5B EUR	4.6B EUR	3.7B EUR	2.7B EUR
Total liabilities	7.4B EUR	7.4B EUR	8.5B EUR	10.0B EUR	13.4B EUR	20.1B EUR	27.5B EUR	26.5B EUR	30.1B EUR	31.0B EUR
Shareholders' equity	10.0B EUR	10.7B EUR	11.6B EUR	12.6B EUR	13.9B EUR	10.1B EUR	8.8B EUR	13.5B EUR	18.5B EUR	19.6B EUR
Net debt	129M EUR	749M EUR	-93M EUR	-424M EUR	-1.4B EUR	-2.4B EUR	-3.0B EUR	-2.4B EUR	-8.0B EUR	-8.5B EUR

Cash flow

Fiscal years, in EUR, from ASML Holding NV ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	1.7B EUR	1.8B EUR	3.1B EUR	3.3B EUR	4.6B EUR	10.8B EUR	8.5B EUR	5.4B EUR	11.2B EUR	12.7B EUR
Capital spending	316M EUR	339M EUR	574M EUR	767M EUR	962M EUR	901M EUR	1.3B EUR	2.2B EUR	2.1B EUR	1.6B EUR
Free cash flow	1.3B EUR	1.5B EUR	2.5B EUR	2.5B EUR	3.7B EUR	9.9B EUR	7.2B EUR	3.3B EUR	9.1B EUR	11.1B EUR
Stock-based compensation	48M EUR	53M EUR	46M EUR	75M EUR	54M EUR	118M EUR	69M EUR	135M EUR	173M EUR	202M EUR
Dividends paid	446M EUR	517M EUR	597M EUR	—	—	—	—	—	—	—
Share buybacks (net)	-400M EUR	-500M EUR	-1.1B EUR	-410M EUR	-1.2B EUR	-8.6B EUR	-4.6B EUR	-1.0B EUR	-500M EUR	-6.0B EUR
Net borrowing	-5M EUR	-243M EUR	-3M EUR	-4M EUR	1.5B EUR	-12M EUR	-21M EUR	245M EUR	22M EUR	754M EUR
Free cash flow margin	19.6%	16.5%	22.8%	21.2%	26.2%	53.4%	34.0%	11.9%	32.2%	33.9%
Dividends per share	1.04 EUR	1.20 EUR	1.40 EUR	—	—	—	—	—	—	—

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Questions

What was ASML Holding NV ADR's revenue in 2025?

32.7B EUR in fiscal 2025, from its 10-K filing.

How much free cash flow does ASML Holding NV ADR generate?

11.1B EUR in fiscal 2025 (operating cash flow minus capital spending).

From ASML Holding NV ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.