Illumina 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 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Revenue	4,343	4,372	4,504	4,584	4,526
Revenue Growth (YoY)	-0.66%	-2.93%	-1.75%	1.28%	39.73%
Cost of Revenue	1,379	1,383	1,563	1,439	1,301
Gross Profit	2,964	2,989	2,941	3,145	3,225
Selling, General & Admin	1,042	1,394	1,620	1,614	1,744
Research & Development	950	1,068	1,207	1,209	914
Amortization of Goodwill & Intangibles	66	127	191	173	71
Operating Expenses	2,058	2,589	3,018	2,996	2,729
Operating Income	906	400	-77	149	496
Interest Expense	-	-100	-77	-26	-61
Interest & Investment Income	-	46	58	11	-
Currency Exchange Gain (Loss)	-	-8	-	-	-
Other Non Operating Income (Expenses)	-54	13	1	-13	9
EBT Excluding Unusual Items	852	351	-95	121	444
Merger & Restructuring Charges	-77	-62	-152	-	-589
Impairment of Goodwill	-	-1,466	-712	-3,914	-
Gain (Loss) on Sale of Investments	333	-312	-40	-122	917
Asset Writedown	-23	-423	-115	-	-
Legal Settlements	-10	456	-20	-619	-
Other Unusual Items	11	277	17	198	112
Pretax Income	1,086	-1,179	-1,117	-4,336	884
Income Tax Expense	236	44	44	68	122
Earnings From Continuing Operations	850	-1,223	-1,161	-4,404	762
Net Income	850	-1,223	-1,161	-4,404	762
Net Income to Common	850	-1,223	-1,161	-4,404	762
Net Income Growth	-	-	-	-	16.16%
Shares Outstanding (Basic)	155	159	158	157	150
Shares Outstanding (Diluted)	156	159	158	157	151
Shares Change (YoY)	-1.89%	0.63%	0.64%	3.97%	2.03%
EPS (Basic)	5.48	-7.69	-7.35	-28.05	5.08
EPS (Diluted)	5.45	-7.69	-7.35	-28.05	5.04
EPS Growth	-	-	-	-	13.26%
Free Cash Flow	931	709	283	106	337
Free Cash Flow Per Share	5.97	4.46	1.79	0.68	2.23
Gross Margin	68.25%	68.37%	65.30%	68.61%	71.25%
Operating Margin	20.86%	9.15%	-1.71%	3.25%	10.96%
Profit Margin	19.57%	-27.97%	-25.78%	-96.07%	16.84%
Free Cash Flow Margin	21.44%	16.22%	6.28%	2.31%	7.45%
EBITDA	1,176	754	355	543	747
EBITDA Margin	27.08%	17.25%	7.88%	11.85%	16.50%
D&A For EBITDA	270	354	432	394	251
EBIT	906	400	-77	149	496
EBIT Margin	20.86%	9.15%	-1.71%	3.25%	10.96%
Effective Tax Rate	21.73%	-	-	-	13.80%
Revenue as Reported	4,343	4,372	4,504	4,584	4,526
Advertising Expenses	-	37	36	53	48

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