Trend Micro Income Statement

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

Millions JPY. 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	275,984	272,638	248,691	223,795	190,359
Revenue Growth (YoY)	1.23%	9.63%	11.12%	17.57%	9.36%
Cost of Revenue	63,717	64,980	63,662	54,300	42,017
Gross Profit	212,267	207,658	185,029	169,495	148,342
Selling, General & Admin	154,490	159,551	152,426	138,154	104,700
Operating Expenses	154,490	159,551	152,426	138,154	104,700
Operating Income	57,777	48,107	32,603	31,341	43,642
Interest Expense	-	-	-	-43	-12
Interest & Investment Income	3,527	2,607	5,845	2,142	424
Earnings From Equity Investments	-1,046	-2,573	-2,862	-456	-110
Currency Exchange Gain (Loss)	-6,224	4,413	-1,748	857	-787
Other Non Operating Income (Expenses)	-53	51	291	353	28
EBT Excluding Unusual Items	53,981	52,605	34,129	34,194	43,185
Gain (Loss) on Sale of Investments	-149	2,583	1,357	7,716	9,252
Gain (Loss) on Sale of Assets	-15	-204	-129	-13	-66
Asset Writedown	-	-	-451	-	-
Other Unusual Items	-1,488	595	-2,930	-	-
Pretax Income	52,329	55,579	31,976	41,897	52,371
Income Tax Expense	18,229	21,048	21,221	12,944	14,755
Earnings From Continuing Operations	34,100	34,531	10,755	28,953	37,616
Minority Interest in Earnings	423	-173	-24	890	751
Net Income	34,523	34,358	10,731	29,843	38,367
Net Income to Common	34,523	34,358	10,731	29,843	38,367
Net Income Growth	0.48%	220.18%	-64.04%	-22.22%	42.61%
Shares Outstanding (Basic)	132	133	137	140	139
Shares Outstanding (Diluted)	132	133	137	140	139
Shares Change (YoY)	-0.77%	-2.60%	-2.18%	0.34%	-0.01%
EPS (Basic)	262.42	259.04	78.44	213.58	275.20
EPS (Diluted)	260.90	257.66	78.38	213.22	275.06
EPS Growth	1.26%	228.73%	-63.24%	-22.48%	42.61%
Free Cash Flow	63,479	45,561	55,049	55,501	53,111
Free Cash Flow Per Share	479.72	341.66	402.07	396.53	380.76
Dividend Per Share	185.000	184.000	56.000	151.000	195.000
Dividend Growth	0.54%	228.57%	-62.91%	-22.56%	27.45%
Gross Margin	76.91%	76.17%	74.40%	75.74%	77.93%
Operating Margin	20.94%	17.64%	13.11%	14.00%	22.93%
Profit Margin	12.51%	12.60%	4.32%	13.33%	20.16%
Free Cash Flow Margin	23.00%	16.71%	22.14%	24.80%	27.90%
EBITDA	84,834	77,034	60,918	56,526	64,536
EBITDA Margin	30.74%	28.26%	24.50%	25.26%	33.90%
D&A For EBITDA	27,057	28,927	28,315	25,185	20,894
EBIT	57,777	48,107	32,603	31,341	43,642
EBIT Margin	20.94%	17.64%	13.11%	14.00%	22.93%
Effective Tax Rate	34.84%	37.87%	66.36%	30.89%	28.17%
Advertising Expenses	-	10,816	11,134	10,433	7,135

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