Constellation Software Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	11,149	10,066	8,405	6,622	5,107	3,969
Other Revenue	-	-	2	-	-1	-
Revenue	11,149	10,066	8,407	6,622	5,106	3,969
Revenue Growth (YoY)	15.10%	19.73%	26.96%	29.69%	28.65%	13.73%
Cost of Revenue	6,977	6,451	5,461	4,299	3,227	2,477
Gross Profit	4,172	3,615	2,946	2,323	1,879	1,492
Selling, General & Admin	987	874	711	556	359	247
Amortization of Goodwill & Intangibles	1,138	1,044	859	676	518	403
Other Operating Expenses	39	44	32	28	11	49
Operating Expenses	2,359	2,144	1,764	1,403	1,009	804
Operating Income	1,813	1,471	1,182	920	870	688
Interest Expense	-258	-255	-168	-93	-55	-43
Interest & Investment Income	43	33	3	1	2	1
Earnings From Equity Investments	-	-	5	-	1	-
Currency Exchange Gain (Loss)	-90	26	-43	56	-1	-2
Other Non Operating Income (Expenses)	-200	-237	-748	-112	-438	-68
EBT Excluding Unusual Items	1,308	1,038	231	772	379	576
Impairment of Goodwill	-15	-7	-8	-5	-	-4
Gain (Loss) on Sale of Investments	-229	-	2	-16	2	-
Asset Writedown	-19	-21	-18	-2	-12	-8
Other Unusual Items	-1	2	59	-24	5	38
Pretax Income	1,044	1,012	266	725	374	602
Income Tax Expense	304	244	204	175	206	166
Earnings From Continuing Operations	740	768	62	550	168	436
Minority Interest in Earnings	-53	-37	503	-38	142	-
Net Income	687	731	565	512	310	436
Net Income to Common	687	731	565	512	310	436
Net Income Growth	17.04%	29.38%	10.35%	65.16%	-28.90%	30.93%
Shares Outstanding (Basic)	21	21	21	21	21	21
Shares Outstanding (Diluted)	21	21	21	21	21	21
EPS (Basic)	32.42	34.49	26.66	24.16	14.63	20.57
EPS (Diluted)	32.40	34.48	26.66	24.16	14.63	20.57
EPS Growth	17.01%	29.33%	10.35%	65.16%	-28.90%	30.93%
Free Cash Flow	2,550	2,129	1,737	1,256	1,271	1,161
Free Cash Flow Per Share	120.33	100.47	81.97	59.27	59.98	54.79
Dividend Per Share	4.000	4.000	4.000	4.000	4.000	4.000
Gross Margin	37.42%	35.91%	35.04%	35.08%	36.80%	37.59%
Operating Margin	16.26%	14.61%	14.06%	13.89%	17.04%	17.33%
Profit Margin	6.16%	7.26%	6.72%	7.73%	6.07%	10.98%
Free Cash Flow Margin	22.87%	21.15%	20.66%	18.97%	24.89%	29.25%
EBITDA	1,927	1,972	1,600	1,252	1,110	859
EBITDA Margin	17.28%	19.59%	19.03%	18.91%	21.74%	21.64%
D&A For EBITDA	114	501	418	332	240	171
EBIT	1,813	1,471	1,182	920	870	688
EBIT Margin	16.26%	14.61%	14.06%	13.89%	17.04%	17.33%
Effective Tax Rate	29.12%	24.11%	76.69%	24.14%	55.08%	27.57%
Revenue as Reported	11,149	10,066	8,407	6,622	5,106	3,969
Advertising Expenses	-	130	111	86	54	-

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