Texas Instruments Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	17,682	15,641	17,519	20,028	18,344
Revenue Growth (YoY)	13.05%	-10.72%	-12.53%	9.18%	26.85%
Cost of Revenue	7,599	6,547	6,500	6,257	5,968
Gross Profit	10,083	9,094	11,019	13,771	12,376
Selling, General & Admin	1,903	1,804	1,883	1,614	1,658
Research & Development	2,083	1,959	1,863	1,670	1,554
Amortization of Goodwill & Intangibles	-	-	-	-	142
Operating Expenses	3,986	3,763	3,746	3,284	3,354
Operating Income	6,097	5,331	7,273	10,487	9,022
Interest Expense	-543	-508	-353	-214	-184
Other Non Operating Income (Expenses)	273	506	498	16	135
EBT Excluding Unusual Items	5,827	5,329	7,418	10,289	8,973
Merger & Restructuring Charges	-85	-8	-	-257	-104
Impairment of Goodwill	-32	-	-	-	-
Gain (Loss) on Sale of Assets	-	132	-	-	50
Pretax Income	5,710	5,453	7,418	10,032	8,919
Income Tax Expense	709	654	908	1,283	1,150
Net Income	5,001	4,799	6,510	8,749	7,769
Preferred Dividends & Other Adjustments	28	24	34	40	33
Net Income to Common	4,973	4,775	6,476	8,709	7,736
Net Income Growth	4.21%	-26.28%	-25.59%	12.61%	38.86%
Shares Outstanding (Basic)	909	912	908	916	923
Shares Outstanding (Diluted)	913	919	916	926	936
Shares Change (YoY)	-0.65%	0.33%	-1.08%	-1.07%	0.32%
EPS (Basic)	5.47	5.24	7.13	9.51	8.38
EPS (Diluted)	5.45	5.20	7.07	9.41	8.26
EPS Growth	4.81%	-26.46%	-24.82%	13.88%	38.36%
Free Cash Flow	2,603	1,498	1,349	5,923	6,294
Free Cash Flow Per Share	2.85	1.63	1.47	6.40	6.72
Dividend Per Share	5.500	5.260	5.020	4.690	4.210
Dividend Growth	4.56%	4.78%	7.04%	11.40%	13.17%
Gross Margin	57.02%	58.14%	62.90%	68.76%	67.47%
Operating Margin	34.48%	34.08%	41.52%	52.36%	49.18%
Profit Margin	28.13%	30.53%	36.97%	43.48%	42.17%
Free Cash Flow Margin	14.72%	9.58%	7.70%	29.57%	34.31%
EBITDA	8,015	6,839	8,448	11,412	9,919
EBITDA Margin	45.33%	43.73%	48.22%	56.98%	54.07%
D&A For EBITDA	1,918	1,508	1,175	925	897
EBIT	6,097	5,331	7,273	10,487	9,022
EBIT Margin	34.48%	34.08%	41.52%	52.36%	49.18%
Effective Tax Rate	12.42%	11.99%	12.24%	12.79%	12.89%
Advertising Expenses	29	30	28	27	27

Source: S&P Global Market Intelligence. Standard template. Financial Sources.