SS&C Technologies (SSNC) financial statements
SS&C Technologies reported revenue of $6.3B in fiscal 2025, up 17.4% a year over 9 years.
Net income was $797M and the operating margin 22.9%, against 19.5% in 2016.
Free cash flow was $1.7B, and the company returned $254M in dividends and $1.0B in net buybacks.
The diluted share count rose 23% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SS&C Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $3.4B | $4.6B | $4.7B | $5.1B | $5.3B | $5.5B | $5.9B | $6.3B |
| Cost of revenue | $800M | $886M | $2.1B | $2.6B | $2.6B | $2.6B | $2.8B | $2.9B | $3.0B | $3.3B |
| Gross profit | $681M | $789M | $1.4B | $2.0B | $2.1B | $2.4B | $2.5B | $2.7B | $2.9B | $3.0B |
| Research and development | $153M | $153M | $318M | $384M | $399M | $415M | $447M | $474M | $518M | $508M |
| Selling, general and admin | $240M | $238M | $525M | $723M | $709M | $752M | $925M | $969M | $1.0B | $1.1B |
| Operating income | $289M | $397M | $429M | $914M | $986M | $1.2B | $1.1B | $1.2B | $1.3B | $1.4B |
| Interest expense | $130M | $109M | $280M | $410M | $250M | $206M | $312M | $476M | $463M | $435M |
| Pre-tax income | $164M | $283M | $125M | $532M | $776M | $1.0B | $876M | $858M | $894M | $975M |
| Income tax | $33M | -$46M | $22M | $93M | $151M | $236M | $227M | $249M | $132M | $176M |
| Net income | $131M | $329M | $103M | $438M | $625M | $800M | $650M | $607M | $760M | $797M |
| EPS (diluted) | $0.64 | $1.55 | $0.42 | $1.66 | $2.35 | $2.99 | $2.48 | $2.39 | $3.00 | $3.15 |
| Diluted shares | 206M | 212M | 244M | 264M | 267M | 267M | 262M | 254M | 254M | 253M |
| Gross margin | 46.0% | 47.1% | 40.0% | 43.6% | 44.9% | 47.7% | 47.6% | 48.2% | 48.7% | 48.2% |
| Operating margin | 19.5% | 23.7% | 12.5% | 19.7% | 21.1% | 24.6% | 21.6% | 22.0% | 22.8% | 22.9% |
| Net margin | 8.8% | 19.6% | 3.0% | 9.5% | 13.4% | 15.8% | 12.3% | 11.0% | 12.9% | 12.7% |
Balance sheet
Fiscal years, from SS&C Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $118M | $64M | $167M | $153M | $209M | $564M | $440M | $432M | $567M | $462M |
| Receivables | $241M | $244M | $682M | $670M | $648M | $713M | $779M | $799M | $902M | $979M |
| Total current assets | $415M | $359M | $2.0B | $2.8B | $2.3B | $4.3B | $2.4B | $4.1B | $4.9B | $5.5B |
| Property, plant and equipment | $80M | $101M | $553M | $466M | $413M | $382M | $344M | $315M | $300M | $290M |
| Goodwill | $3.7B | $3.7B | $7.9B | $8.0B | $8.1B | $8.0B | $8.9B | $9.0B | $9.2B | $10.0B |
| Total assets | $5.7B | $5.5B | $16.1B | $16.7B | $15.9B | $17.3B | $16.7B | $18.1B | $19.0B | $20.7B |
| Total current liabilities | $561M | $444M | $1.9B | $2.8B | $2.3B | $3.9B | $2.2B | $3.8B | $4.4B | $5.1B |
| Long-term debt | $2.4B | $2.0B | $8.2B | $7.1B | $6.4B | $5.9B | $7.0B | $6.7B | $7.0B | $7.4B |
| Total liabilities | $3.4B | $2.9B | $11.5B | $11.6B | $10.2B | $11.1B | $10.6B | $11.7B | $12.4B | $13.8B |
| Shareholders' equity | $2.3B | $2.7B | $4.6B | $5.1B | $5.7B | $6.2B | $6.0B | $6.3B | $6.5B | $6.9B |
| Net debt | $2.4B | $2.0B | $8.1B | $7.0B | $6.2B | $5.4B | $6.6B | $6.3B | $6.4B | $7.0B |
Cash flow
Fiscal years, from SS&C Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $418M | $472M | $640M | $1.3B | $1.2B | $1.4B | $1.1B | $1.2B | $1.4B | $1.7B |
| Capital spending | $28M | $36M | $34M | $63M | $35M | $51M | $63M | $57M | $61M | $81M |
| Free cash flow | $390M | $436M | $606M | $1.3B | $1.1B | $1.4B | $1.1B | $1.2B | $1.3B | $1.7B |
| Stock-based compensation | $50M | $42M | $97M | $72M | $88M | $114M | $125M | $160M | $203M | $258M |
| Dividends paid | $50M | $54M | $71M | $108M | $136M | $174M | $203M | $221M | $245M | $254M |
| Share buybacks (net) | -$15,000 | — | — | -$60M | -$228M | -$488M | -$476M | -$472M | -$738M | -$1.0B |
| Net borrowing | -$384M | -$512M | $5.6B | -$1.1B | -$738M | -$520M | $1.1B | -$375M | $290M | $422M |
| Free cash flow margin | 26.4% | 26.0% | 17.7% | 27.3% | 24.6% | 27.3% | 20.3% | 21.1% | 22.6% | 26.5% |
| Dividends per share | $0.24 | $0.26 | $0.29 | $0.41 | $0.51 | $0.65 | $0.78 | $0.87 | $0.96 | $1.00 |
Questions
What was SS&C Technologies's revenue in 2025?
$6.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does SS&C Technologies generate?
$1.7B in fiscal 2025 (operating cash flow minus capital spending).
From SS&C Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.