Financials · ASML

ASML Holding N.V. New York Registry Shares (ASML) financials

For fiscal 2025 (ended Dec 31, 2025), ASML Holding N.V. New York Registry Shares reported €32.67B of revenue and €9.61B of net income. Figures are in EUR, the currency of its SEC filings.

Revenue, FY2025
€32.67B
Revenue growth, YoY
+15.6%
Net income, FY2025
€9.61B
Net income growth, YoY
+26.9%
Net margin
29.4%
Free cash flow, FY2025
€11.08B
EPS, diluted, FY2025
€24.71
EPS growth, YoY
+28.4%
Cash
€12.92B
Total debt
€4.39B
Annual revenue€32.67B
FY2016FY2025
Annual net income€9.61B
FY2016FY2025
Annual free cash flow€11.08B
FY2016FY2025

ASML revenue and earnings growth

ASML revenueFY2025€32.67B

FY YoY
+15.6%
5Y CAGR
+18.5%
10Y CAGR
+17.9%

ASML revenue was €32.67B for fiscal 2025 (ended Dec 31, 2025), up 15.6% from fiscal 2024. Compound annual growth was +18.5% over 5 years and +17.9% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ASML net incomeFY2025€9.61B

FY YoY
+26.9%
5Y CAGR
+22.0%
10Y CAGR
+21.4%

ASML net income was €9.61B for fiscal 2025 (ended Dec 31, 2025), up 26.9% from fiscal 2024. Compound annual growth was +22.0% over 5 years and +21.4% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ASML EPSFY2025€24.71

FY YoY
+28.4%
5Y CAGR
+23.8%
10Y CAGR
+22.6%

ASML diluted EPS was €24.71 for fiscal 2025 (ended Dec 31, 2025), up 28.4% from fiscal 2024. Compound annual growth was +23.8% over 5 years and +22.6% over 10 years.

ASML free cash flowFY2025€11.08B

FY YoY
+21.8%
5Y CAGR
+24.8%
10Y CAGR
+21.0%

ASML free cash flow was €11.08B for fiscal 2025 (ended Dec 31, 2025), up 21.8% from fiscal 2024. Compound annual growth was +24.8% over 5 years and +21.0% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue€32.67B€28.26B€27.56B€21.17B€18.61B€13.98B€11.82B€10.94B€8.96B€6.88B
Cost of revenue€15.41B€13.77B€13.42B€10.47B€8.80B€7.18B€6.54B€5.91B€4.94B€3.73B
Gross profit€17.26B€14.49B€14.14B€10.70B€9.81B€6.80B€5.28B€5.03B€4.02B€3.15B
Research and development€4.70B€4.30B€3.98B€3.25B€2.55B€2.20B€1.97B€1.58B€1.26B-
Selling, general and admin€1.26B€1.17B€1.11B€945.90M€725.60M€544.90M€520.50M€488.00M€416.60M€374.80M
Operating income€11.30B€9.02B€9.04B€6.50B€6.75B€4.05B€2.79B€2.97B€2.44B€1.76B
Interest expense€118.30M€162.60M€152.70M€60.80M€54.60M€43.30M€36.60M€41.80M€57.50M€38.00M
Pre-tax income€11.41B€9.04B€9.08B€6.46B€6.71B€4.02B€2.77B€2.94B€2.39B€1.79B
Income tax€2.01B€1.68B€1.44B€969.90M€1.02B€551.50M€191.70M€351.60M€306.00M€234.40M
Net income€9.61B€7.57B€7.84B€5.62B€5.88B€3.55B€2.59B€2.59B€2.07B€1.56B
EPS, basic€24.73€19.25€19.91€14.14€14.36€8.49€6.16€6.10€4.81€3.66
EPS, diluted€24.71€19.24€19.89€14.13€14.34€8.48€6.15€6.08€4.79€3.64
Diluted shares388.9M393.6M394.1M398.0M410.4M419.1M421.6M426.4M431.6M427.7M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents€12.92B€12.74B€7.00B€7.27B€6.95B€6.05B€3.53B€3.12B€2.26B€2.91B
Receivables€3.02B€4.48B€4.33B€5.32B€3.03B€1.31B€1.79B€1.50B€1.74B€700.20M
Inventory€11.43B€10.89B€8.85B€7.20B€5.18B€4.57B€3.81B€3.44B€2.96B€2.78B
Current assets€30.62B€30.74B€24.39B€23.06B€18.19B€15.93B€12.13B€10.53B€8.89B€8.56B
Goodwill€4.59B€4.59B€4.59B€4.56B€4.56B€4.63B€4.54B€4.54B€4.54B€4.87B
Total assets€50.57B€48.59B€39.96B€36.30B€30.23B€27.27B€22.63B€20.14B€18.19B€17.21B
Current liabilities€24.26B€20.05B€16.27B€17.98B€12.30B€6.60B€4.69B€3.79B€3.17B€3.28B
Short-term debt€1.68B€1.01B€100.0K€746.20M€509.10M€15.40M€0€1.80M--
Long-term debt€2.71B€3.68B€4.63B€3.51B€4.08B€4.66B€3.11B€3.03B€3.00B€3.07B
Total debt€4.39B€4.69B€4.63B€4.26B€4.58B€4.68B€3.11B€3.03B€3.00B€3.07B
Total liabilities€30.95B€30.11B€26.51B€27.49B€20.09B€13.40B€10.04B€8.50B€7.41B€7.39B
Shareholders' equity€19.61B€18.48B€13.45B€8.81B€10.14B€13.87B€12.59B€11.64B€10.69B€9.97B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow€12.66B€11.17B€5.44B€8.49B€10.85B€4.63B€3.28B€3.07B€1.82B€1.67B
Capital expenditures€1.57B€2.07B€2.16B€1.28B€900.70M€962.00M€766.60M€574.00M€338.90M€316.30M
Free cash flow€11.08B€9.10B€3.29B€7.21B€9.95B€3.67B€2.51B€2.50B€1.48B€1.35B
Investing cash flow-€3.78B-€2.61B-€2.69B-€1.03B-€72.00M-€1.35B-€1.16B-€491.50M-€1.23B-€3.19B
Financing cash flow-€8.67B-€2.83B-€3.00B-€7.14B-€9.89B-€753.00M-€1.71B-€1.72B-€1.21B€1.96B
Dividends paid-------€597.10M€516.70M€445.90M
Share repurchases€5.95B€500.00M€1.00B€4.64B€8.56B€1.21B€410.00M€1.15B€500.00M€400.00M
Stock-based compensation€202.30M€172.60M€134.80M€68.90M€117.50M€53.90M€74.60M€46.30M€53.10M€47.70M
Depreciation and amortization€1.03B€918.60M€739.80M€583.60M€471.00M€490.80M€448.50M€422.70M€417.50M€356.90M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY15.6%2.6%30.2%13.8%33.1%18.3%8.0%22.1%30.4%9.3%
Net income growth, YoY26.9%-3.4%39.4%-4.4%65.6%37.1%0.0%25.4%32.7%12.3%
EPS growth, YoY28.4%-3.3%40.8%-1.5%69.1%37.9%1.2%26.9%31.6%13.4%
Gross margin52.8%51.3%51.3%50.5%52.7%48.6%44.7%46.0%44.9%45.7%
Operating margin34.6%31.9%32.8%30.7%36.3%29.0%23.6%27.1%27.2%25.6%
Net margin29.4%26.8%28.4%26.6%31.6%25.4%21.9%23.7%23.1%22.7%
Free cash flow margin33.9%32.2%11.9%34.0%53.4%26.2%21.2%22.8%16.5%19.6%
Return on equity49.0%41.0%58.3%63.8%58.0%25.6%20.6%22.3%19.3%15.6%
Return on assets19.0%15.6%19.6%15.5%19.5%13.0%11.5%12.9%11.4%9.1%
Current ratio1.261.531.501.281.482.412.582.782.802.61
Debt to equity0.220.250.340.480.450.340.250.260.280.31

Source: XBRL data ASML Holding N.V. New York Registry Shares files with the SEC, latest filing dated Feb 25, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

ASML peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DE$47.98B+8.0%$4.87B10.2%$181.09B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
ETN$31.98B+20.1%$3.90B12.2%$132.76B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B
NOC$43.59B+6.5%$4.52B10.4%$74.58B

ASML FAQ

9 questions
  • What is ASML revenue?
    ASML Holding N.V. New York Registry Shares (ASML) reported €32.67B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 15.6% from the year before.
  • Is ASML profitable?
    Yes. ASML Holding N.V. New York Registry Shares earned €9.61B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 29.4%.
  • How much cash and debt does ASML have?
    ASML Holding N.V. New York Registry Shares reported €12.92B in cash and cash equivalents and €4.39B of debt on its most recent balance sheet in SEC filings.
  • How fast is ASML revenue growing?
    ASML Holding N.V. New York Registry Shares's revenue changed +15.6% in fiscal 2025, to €32.67B. Its compound annual growth rate was +18.5% over 5 years and +17.9% over 10 years.
  • What is ASML gross margin?
    ASML Holding N.V. New York Registry Shares's gross profit was €17.26B on €32.67B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 52.8%.
  • What is ASML free cash flow?
    ASML Holding N.V. New York Registry Shares generated €11.08B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of €12.66B less capital expenditures.
  • What is ASML earnings per share?
    Diluted earnings per share were €24.71 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did ASML last report financial results?
    The latest statements here come from ASML Holding N.V. New York Registry Shares's 20-F filed on Feb 25, 2026, covering the period ended Dec 31, 2025.
  • Where does this ASML financial data come from?
    Quantisnow builds these statements from the structured XBRL data ASML Holding N.V. New York Registry Shares files with the SEC. It is provided for information only and is not investment advice.