Dolby Laboratories, Inc. (DLB)

Dolby Laboratories Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 26, 2025	Sep 27, 2024	Sep 29, 2023	Sep 30, 2022	Sep 24, 2021
Revenue	1,349	1,274	1,300	1,254	1,281
Revenue Growth (YoY)	5.92%	-2.00%	3.67%	-2.14%	10.28%
Cost of Revenue	160.13	140.5	152.57	141.36	130.03
Gross Profit	1,189	1,133	1,147	1,112	1,151
Selling, General & Admin	647.24	604.85	612.84	634.03	556.83
Research & Development	261.79	263.66	271.52	261.17	253.64
Operating Expenses	909.03	868.52	884.36	895.21	810.47
Operating Income	279.97	264.71	262.81	217.23	340.76
Interest & Investment Income	15.38	34.08	28.09	6.17	3.01
Earnings From Equity Investments	24.1	14.2	5.1	5	4.7
Currency Exchange Gain (Loss)	1.25	1.8	0.54	-1.28	-0.75
Other Non Operating Income (Expenses)	-2.34	3.88	0.58	-1.22	3.16
EBT Excluding Unusual Items	318.35	318.67	297.11	225.9	350.88
Merger & Restructuring Charges	-15.01	-6.38	-47.06	-10.62	-10.24
Gain (Loss) on Sale of Investments	0.14	0.19	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	13.87
Pretax Income	303.49	312.48	250.05	215.28	354.51
Income Tax Expense	46.99	48.16	48.41	31.38	36.69
Earnings From Continuing Operations	256.49	264.32	201.64	183.9	317.82
Minority Interest in Earnings	-1.47	-2.49	-0.99	0.19	-7.6
Net Income	255.02	261.83	200.66	184.09	310.23
Net Income to Common	255.02	261.83	200.66	184.09	310.23
Net Income Growth	-2.60%	30.48%	9.00%	-40.66%	34.09%
Shares Outstanding (Basic)	96	96	96	100	101
Shares Outstanding (Diluted)	97	97	98	102	105
Shares Change (YoY)	0.16%	-0.42%	-4.17%	-2.52%	1.63%
EPS (Basic)	2.66	2.74	2.10	1.84	3.07
EPS (Diluted)	2.62	2.69	2.05	1.81	2.97
EPS Growth	-2.60%	31.22%	13.26%	-39.06%	32.00%
Free Cash Flow	435.85	297.25	336.74	270.65	393.3
Free Cash Flow Per Share	4.47	3.05	3.45	2.65	3.76
Dividend Per Share	1.350	1.230	1.110	1.020	0.910
Dividend Growth	9.76%	10.81%	8.82%	12.09%	3.41%
Gross Margin	88.13%	88.97%	88.26%	88.72%	89.85%
Operating Margin	20.75%	20.78%	20.22%	17.33%	26.60%
Profit Margin	18.90%	20.56%	15.44%	14.68%	24.21%
Free Cash Flow Margin	32.31%	23.34%	25.91%	21.59%	30.70%
EBITDA	367.79	340.27	345.37	305.69	436.62
EBITDA Margin	27.26%	26.71%	26.57%	24.38%	34.08%
D&A For EBITDA	87.83	75.56	82.56	88.46	95.86
EBIT	279.97	264.71	262.81	217.23	340.76
EBIT Margin	20.75%	20.78%	20.22%	17.33%	26.60%
Effective Tax Rate	15.48%	15.41%	19.36%	14.58%	10.35%
Revenue as Reported	1,349	1,274	1,300	1,254	1,281
Advertising Expenses	51.02	57.34	59.82	51.42	52.25

Updated Nov 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q