Arista Networks 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	9,710	9,006	7,003	5,860	4,381	2,948
Revenue Growth (YoY)	30.57%	28.60%	19.50%	33.76%	48.62%	27.21%
Cost of Revenue	3,541	3,237	2,512	2,230	1,706	1,067
Gross Profit	6,169	5,769	4,491	3,630	2,676	1,881
Selling, General & Admin	699.7	675.3	550	518.1	420.2	369.29
Research & Development	1,315	1,237	996.7	854.9	728.39	586.75
Total Operating Expenses	2,014	1,913	1,547	1,373	1,149	956.04
Operating Income	4,155	3,856	2,945	2,257	1,527	924.74
Total Non-Operating Income (Expense)	411	393.6	320.5	164.7	54.69	6.14
Pretax Income	4,566	4,250	3,265	2,422	1,582	930.88
Provision for Income Taxes	845.6	738.3	413	334.7	229.35	90.03
Net Income	3,721	3,511	2,852	2,087	1,352	840.85
Net Income to Common	3,721	3,511	2,852	2,087	1,352	840.85
Net Income Growth	22.86%	23.12%	36.64%	54.34%	60.84%	32.51%
Shares Outstanding (Basic)	1,257	1,258	1,256	1,237	1,226	1,226
Shares Outstanding (Diluted)	1,274	1,276	1,281	1,269	1,266	1,277
Shares Change (YoY)	-0.52%	-0.42%	0.99%	0.21%	-0.87%	0.43%
EPS (Basic)	2.96	2.79	2.27	1.69	1.10	0.69
EPS (Diluted)	2.92	2.75	2.23	1.65	1.07	0.66
EPS Growth	23.73%	23.32%	35.15%	54.21%	62.74%	31.50%
Shares Outstanding	1,259	1,257	1,261	1,249	1,228	1,231
Free Cash Flow	5,315	4,252	3,676	2,000	448.17	951.12
Free Cash Flow Growth	24.99%	15.67%	83.85%	346.17%	-52.88%	32.15%
Free Cash Flow Per Share	4.17	3.33	2.87	1.58	0.35	0.74
Gross Margin	63.54%	64.06%	64.13%	61.95%	61.07%	63.80%
Operating Margin	42.79%	42.82%	42.05%	38.52%	34.86%	31.37%
Profit Margin	38.32%	38.99%	40.73%	35.62%	30.87%	28.52%
FCF Margin	54.74%	47.22%	52.49%	34.12%	10.23%	32.26%
EBITDA	4,237	3,929	3,007	2,328	1,590	975.07
EBITDA Margin	43.64%	43.62%	42.93%	39.72%	36.29%	33.08%
EBIT	4,155	3,856	2,945	2,257	1,527	924.74
EBIT Margin	42.79%	42.82%	42.05%	38.52%	34.86%	31.37%
Effective Tax Rate	18.52%	17.37%	12.65%	13.82%	14.50%	9.67%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q