Constellation Software Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	12,150	11,623	10,066	8,407	6,622	5,106
Revenue Growth (YoY)	17.21%	15.47%	19.73%	26.96%	29.69%	28.65%
Cost of Revenue	7,605	7,255	6,451	5,461	4,299	3,227
Gross Profit	4,545	4,368	3,615	2,946	2,323	1,879
Selling, General & Admin	905	877	744	600	470	305
Depreciation & Amortization Expenses	1,446	1,383	1,226	1,021	819	639
Other Operating Expenses	249	215	182	138	154	62
Total Operating Expenses	2,600	2,475	2,152	1,759	1,443	1,006
Operating Income	1,945	1,893	1,463	1,187	880	873
Interest Expense	-307	-297	-280	-192	-110	-68
Other Non-Operating Income (Expense)	-474	-659	-173	-730	-47	-431
Total Non-Operating Income (Expense)	-781	-956	-453	-922	-157	-499
Pretax Income	1,169	939	1,011	265	725	374
Provision for Income Taxes	357	353	244	204	175	206
Net Income	779	512	731	61	550	168
Minority Interest in Earnings	33	74	37	-	-	-
Net Income to Common	779	512	731	61	550	168
Net Income Growth	-6.03%	-29.96%	1098.36%	-88.91%	227.38%	-61.47%
Shares Outstanding (Basic)	21	21	21	21	21	21
Shares Outstanding (Diluted)	21	21	21	21	21	21
EPS (Basic)	35.06	24.15	34.48	26.67	24.18	14.65
EPS (Diluted)	35.06	24.15	34.48	26.67	24.18	14.65
EPS Growth	-2.45%	-29.96%	29.28%	10.30%	65.05%	-28.85%
Shares Outstanding	21.19	21.19	21.19	21.19	21.19	21.19
Free Cash Flow	2,731	2,664	2,129	1,737	1,256	1,271
Free Cash Flow Growth	2.51%	25.13%	22.57%	38.30%	-1.18%	9.47%
Free Cash Flow Per Share	128.87	125.71	100.47	81.97	59.27	59.98
Dividends Per Share	4.000	4.000	4.000	4.000	4.000	4.000
Gross Margin	37.41%	37.58%	35.91%	35.04%	35.08%	36.80%
Operating Margin	16.01%	16.29%	14.53%	14.12%	13.29%	17.10%
Profit Margin	6.68%	5.04%	7.62%	0.73%	8.31%	3.29%
FCF Margin	22.48%	22.92%	21.15%	20.66%	18.97%	24.89%
EBITDA	3,407	3,293	2,701	2,208	1,699	1,512
EBITDA Margin	28.04%	28.33%	26.83%	26.26%	25.66%	29.61%
EBIT	1,945	1,893	1,463	1,187	880	873
EBIT Margin	16.01%	16.29%	14.53%	14.12%	13.29%	17.10%
Effective Tax Rate	30.54%	37.59%	24.13%	76.98%	24.14%	55.08%

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.