Nice Ltd ADR (NICE) financial statements
Nice Ltd ADR reported revenue of $2.9B in fiscal 2025, up 12.6% a year over 9 years.
Net income was $612M and the operating margin 21.9%, against 13.2% in 2016.
Free cash flow was $623M, and the company returned $489M in net buybacks.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Nice Ltd ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.3B | $1.4B | $1.6B | $1.6B | $1.9B | $2.2B | $2.4B | $2.7B | $2.9B |
| Cost of revenue | $338M | $469M | $497M | $532M | $562M | $624M | $684M | $768M | $910M | $989M |
| Gross profit | $678M | $863M | $948M | $1.0B | $1.1B | $1.3B | $1.5B | $1.6B | $1.8B | $2.0B |
| Research and development | $142M | $181M | $184M | $194M | $218M | $271M | $306M | $323M | $361M | $360M |
| Selling, general and admin | $385M | $490M | $566M | $610M | $626M | $762M | $856M | $851M | $919M | $950M |
| Operating income | $134M | $150M | $198M | $239M | $242M | $264M | $335M | $435M | $546M | $646M |
| Interest expense | $2M | $10M | $11M | $12M | $8M | $10M | $1M | $1M | $46,000 | $0 |
| Pre-tax income | $144M | $130M | $187M | $234M | $237M | $241M | $345M | $458M | $605M | $704M |
| Income tax | $21M | -$14M | $27M | $48M | $41M | $41M | $79M | $119M | $162M | $92M |
| Net income | $117M | $143M | $159M | $186M | $197M | $200M | $265M | $336M | $439M | $612M |
| EPS (diluted) | $1.92 | $2.31 | $2.52 | $2.88 | $2.98 | $2.98 | $4.00 | $5.11 | $6.76 | $9.67 |
| Diluted shares | 61M | 62M | 63M | 65M | 66M | 67M | 66M | 66M | 66M | 63M |
| Gross margin | 66.7% | 64.8% | 65.6% | 66.2% | 65.9% | 67.5% | 68.7% | 67.7% | 66.7% | 66.4% |
| Operating margin | 13.2% | 11.3% | 13.7% | 15.2% | 14.7% | 13.7% | 15.4% | 18.3% | 20.0% | 21.9% |
| Net margin | 11.5% | 10.8% | 11.0% | 11.8% | 11.9% | 10.4% | 12.2% | 14.2% | 16.1% | 20.8% |
Balance sheet
Fiscal years, from Nice Ltd 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 | $187M | $392M | $486M | $439M | $1.5B | $1.4B | $1.6B | $1.4B | $1.6B | $417M |
| Receivables | $260M | $231M | $288M | $320M | $303M | $396M | $519M | $585M | $644M | $738M |
| Inventory | $5M | $4M | $3M | $3M | — | — | — | — | — | — |
| Total current assets | $509M | $693M | $861M | $876M | $1.9B | $2.3B | $2.4B | $2.3B | $2.5B | $1.4B |
| Property, plant and equipment | $88M | $118M | $140M | $142M | $138M | $146M | $159M | $174M | $185M | $189M |
| Goodwill | $1.3B | $1.3B | $1.4B | $1.4B | $1.5B | $1.6B | $1.6B | $1.8B | $1.8B | $2.4B |
| Total assets | $2.6B | $2.8B | $3.2B | $3.6B | $4.2B | $4.7B | $4.9B | $5.1B | $5.3B | $5.1B |
| Total current liabilities | $473M | $523M | $625M | $941M | $1.0B | $1.3B | $1.1B | $1.1B | $1.5B | $888M |
| Long-term debt | $444M | $448M | $456M | $213M | $421M | $429M | $455M | $457M | $0 | — |
| Total liabilities | $1.1B | $1.1B | $1.2B | $1.4B | $1.6B | $1.9B | $1.8B | $1.8B | $1.7B | $1.2B |
| Shareholders' equity | $1.5B | $1.7B | $2.0B | $2.3B | $2.6B | $2.8B | $3.0B | $3.3B | $3.6B | $3.9B |
| Net debt | $308M | $119M | $214M | $237M | $239M | $447M | $135M | $155M | -$23M | -$379M |
Cash flow
Fiscal years, from Nice Ltd ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $228M | $395M | $397M | $374M | $480M | $462M | $480M | $561M | $833M | $717M |
| Capital spending | $36M | $68M | $64M | $62M | $63M | $67M | $82M | $84M | $100M | $94M |
| Free cash flow | $192M | $327M | $333M | $312M | $417M | $395M | $398M | $477M | $733M | $623M |
| Stock-based compensation | $41M | $57M | $67M | $81M | $102M | $153M | $183M | $177M | $182M | $146M |
| Dividends paid | $38M | $10M | $0 | $0 | — | — | — | — | — | — |
| Share buybacks (net) | -$44M | -$24M | -$26M | -$47M | -$48M | -$73M | -$145M | -$288M | -$369M | -$489M |
| Net borrowing | $465M | -$260M | $0 | $0 | -$215M | -$177M | -$20M | -$3M | -$192M | -$460M |
| Free cash flow margin | 18.9% | 24.5% | 23.0% | 19.8% | 25.3% | 20.5% | 18.2% | 20.1% | 26.8% | 21.1% |
| Dividends per share | $0.63 | $0.16 | — | — | — | — | — | — | — | — |
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Open NICE in InvestinglyQuestions
What was Nice Ltd ADR's revenue in 2025?
$2.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Nice Ltd ADR generate?
$623M in fiscal 2025 (operating cash flow minus capital spending).
From Nice Ltd ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.