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	Sep '26 Sep 30, 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	11,890	9,006	7,003	5,860	4,381	2,948
Revenue Growth	40.74%	28.60%	19.50%	33.76%	48.62%	27.21%
Cost of Revenue	4,414	3,237	2,512	2,230	1,706	1,067
Gross Profit	7,477	5,769	4,491	3,630	2,676	1,881
Selling, General & Admin	738.3	675.3	550	518.1	420.2	369.29
Research & Development	1,527	1,237	996.7	854.9	728.39	586.75
Operating Expenses	2,266	1,913	1,547	1,373	1,149	956.04
Operating Income	5,211	3,856	2,945	2,257	1,527	924.74
Interest & Investment Income	471.9	383.4	311	152.4	27.56	7.22
Other Non Operating Income (Expenses)	145.6	10.2	9.5	12.3	27.13	-1.08
EBT Excluding Unusual Items	5,829	4,250	3,265	2,422	1,582	930.88
Pretax Income	5,829	4,250	3,265	2,422	1,582	930.88
Income Tax Expense	1,077	738.3	413	334.7	229.35	90.03
Net Income	4,752	3,511	2,852	2,087	1,352	840.85
Net Income to Common	4,752	3,511	2,852	2,087	1,352	840.85
Net Income Growth	41.57%	23.12%	36.64%	54.34%	60.84%	32.51%
Shares Outstanding (Basic)	1,259	1,258	1,256	1,237	1,226	1,226
Shares Outstanding (Diluted)	1,276	1,276	1,281	1,269	1,266	1,277
Shares Change	-0.14%	-0.42%	0.99%	0.21%	-0.87%	0.43%
EPS (Basic)	3.77	2.79	2.27	1.69	1.10	0.69
EPS (Diluted)	3.73	2.75	2.23	1.65	1.07	0.66
EPS Growth	41.85%	23.32%	35.15%	54.21%	62.74%	31.50%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	5,017	4,252	3,676	2,000	448.17	951.12
Free Cash Flow Per Share	3.93	3.33	2.87	1.58	0.35	0.74
Gross Margin	62.88%	64.06%	64.13%	61.95%	61.07%	63.80%
Operating Margin	43.83%	42.82%	42.05%	38.52%	34.86%	31.37%
Profit Margin	39.97%	38.99%	40.73%	35.62%	30.87%	28.52%
Free Cash Flow Margin	42.20%	47.22%	52.49%	34.12%	10.23%	32.26%
EBITDA	5,304	3,929	3,007	2,328	1,590	975.07
EBITDA Margin	44.61%	43.63%	42.93%	39.72%	36.29%	33.07%
D&A For EBITDA	93.1	72.6	62	70.6	62.7	50.33
EBIT	5,211	3,856	2,945	2,257	1,527	924.74
EBIT Margin	43.83%	42.82%	42.05%	38.52%	34.86%	31.37%
Effective Tax Rate	18.47%	17.37%	12.65%	13.82%	14.50%	9.67%
Revenue as Reported	11,890	9,006	7,003	5,860	4,381	2,948

SEC Filings: 10-K · 10-Q