Financials · NICE

NICE Ltd (NICE) financials

For fiscal 2025 (ended Dec 31, 2025), NICE Ltd reported $2.95B of revenue and $612.10M of net income.

Revenue, FY2025
$2.95B
Revenue growth, YoY
+7.7%
Net income, FY2025
$612.10M
Net income growth, YoY
+39.3%
Net margin
20.8%
Free cash flow, FY2025
$697.63M
EPS, diluted, FY2025
$9.67
EPS growth, YoY
+43.0%
Cash
$379.39M
P/E
9.33
P/S
1.94
Market cap
$5.71B
Annual revenue$2.95B
FY2016FY2025
Annual net income$612.10M
FY2016FY2025
Annual free cash flow$697.63M
FY2016FY2025

NICE revenue and earnings growth

NICE revenueFY2025$2.95B

FY YoY
+7.7%
5Y CAGR
+12.3%
10Y CAGR
+12.3%

NICE revenue was $2.95B for fiscal 2025 (ended Dec 31, 2025), up 7.7% from fiscal 2024. Compound annual growth was +12.3% over 5 years and +12.3% 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.

NICE net incomeFY2025$612.10M

FY YoY
+39.3%
5Y CAGR
+25.5%
10Y CAGR
+9.0%

NICE net income was $612.10M for fiscal 2025 (ended Dec 31, 2025), up 39.3% from fiscal 2024. Compound annual growth was +25.5% over 5 years and +9.0% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NICE EPSFY2025$9.67

FY YoY
+43.0%
5Y CAGR
+26.5%

NICE diluted EPS was $9.67 for fiscal 2025 (ended Dec 31, 2025), up 43.0% from fiscal 2024. Compound annual growth was +26.5% over 5 years.

NICE free cash flowFY2025$697.63M

FY YoY
-12.5%
5Y CAGR
+8.9%
10Y CAGR
+11.5%

NICE free cash flow was $697.63M for fiscal 2025 (ended Dec 31, 2025), down 12.5% from fiscal 2024. Compound annual growth was +8.9% over 5 years and +11.5% over 10 years. It rose in 6 of the last 10 fiscal years.

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$2.95B$2.74B$2.38B$2.18B$1.92B$1.65B$1.57B$1.44B$1.33B$1.02B
Cost of revenue$989.25M$909.52M$768.17M$683.69M$624.46M$561.95M$531.77M$496.81M$468.67M$337.73M
Gross profit$1.96B$1.83B$1.61B$1.50B$1.30B$1.09B$1.04B$947.70M$863.48M$677.81M
Research and development$360.45M$360.61M$322.71M$306.07M$271.19M$218.18M$193.72M$183.83M$181.11M$141.53M
Selling, general and admin$288.81M$276.94M$252.29M$246.53M$225.41M$180.73M$168.02M$153.32M$129.07M$116.57M
Operating income$645.76M$545.95M$435.23M$335.17M$263.91M$242.05M$238.72M$197.62M$150.07M$134.18M
Interest expense$0$46.0K$1.10M$1.13M$10.06M$7.77M$11.68M$11.20M$9.58M$1.86M
Pre-tax income$704.02M$604.83M$457.70M$345.33M$240.62M$237.19M$234.27M$186.72M$129.66M$144.48M
Income tax$91.92M$162.24M$119.40M$79.39M$41.40M$40.84M$48.37M$27.38M-$13.63M$21.41M
Net income$612.10M$439.50M$336.50M$265.10M$199.57M$196.67M$185.90M$159.34M$143.29M$116.92M
EPS, basic$9.82$6.97$5.32$4.17$3.15$3.13$2.99$2.60$2.37$1.96
EPS, diluted$9.67$6.76$5.11$4.00$2.98$2.98$2.88$2.52$2.31$1.92
Diluted shares63.3M65.5M66.3M66.5M66.9M66.0M64.7M63.3M62.1M61,035

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$379.39M$481.71M$511.80M$533.10M$378.66M$442.27M$228.32M$242.10M$328.30M$157.03M
Short-term investments$38.01M$1.14B$896.04M$1.04B$1.05B$1.02B$210.77M$243.73M$63.95M$30.29M
Receivables$737.95M$643.99M$585.15M$518.52M$395.58M$303.10M$319.62M$287.96M$230.73M$260.22M
Inventory------$3.39M$3.43M$3.89M$4.72M
Current assets$1.38B$2.50B$2.31B$2.42B$2.30B$1.94B$875.69M$861.24M$693.06M$509.23M
Goodwill$2.44B$1.85B$1.82B$1.62B$1.61B$1.50B$1.38B$1.37B$1.32B$1.28B
Total assets$5.11B$5.30B$5.12B$4.85B$4.71B$4.23B$3.61B$3.21B$2.85B$2.63B
Current liabilities$887.63M$1.47B$1.12B$1.14B$1.27B$1.04B$940.96M$624.91M$523.35M$472.81M
Short-term debt$0$458.79M$209.23M$209.29M$395.95M$259.88M$251.58M$0-$21.16M
Long-term debt-$0$457.08M$455.38M$429.27M$421.34M$213.31M$455.99M$447.64M$444.02M
Total debt-$458.79M$666.31M$664.67M$825.21M$681.22M$464.90M$455.99M$447.64M$465.18M
Total liabilities$1.23B$1.69B$1.76B$1.80B$1.87B$1.64B$1.35B$1.19B$1.10B-
Shareholders' equity$3.88B$3.59B$3.35B$3.06B$2.84B$2.59B$2.26B$2.02B$1.75B$1.51B

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$716.55M$832.64M$561.43M$479.71M$461.82M$480.31M$374.16M$396.61M$394.66M$228.21M
Capital expenditures$18.92M$34.96M$29.20M$31.89M$24.77M$24.19M$27.29M$31.44M$39.89M$27.28M
Free cash flow$697.63M$797.68M$532.23M$447.82M$437.05M$456.12M$346.87M$365.17M$354.77M$200.93M
Investing cash flow$159.96M-$397.40M-$293.58M-$152.35M-$261.50M-$465.07M-$344.29M-$460.76M-$212.98M-$800.02M
Financing cash flow-$984.27M-$456.60M-$290.27M-$164.50M-$261.82M$196.84M-$42.66M-$16.27M-$14.83M$405.45M
Dividends paid------$0$0$9.64M$38.20M
Share repurchases$488.91M$369.20M$288.44M$144.94M$73.18M$48.27M$47.28M$26.00M$24.43M$43.63M
Stock-based compensation$146.05M$182.07M$176.66M$182.70M$153.03M$101.67M$80.86M$67.22M$56.98M$40.55M
Depreciation and amortization$199.04M$205.02M$167.36M$176.55M$184.09M$182.03M$173.23M$157.14M$156.30M$77.80M

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, YoY7.7%15.0%9.0%13.5%16.6%4.7%9.0%8.4%31.2%9.6%
Net income growth, YoY39.3%30.6%26.9%32.8%1.5%5.8%16.7%11.2%22.6%-54.8%
EPS growth, YoY43.0%32.3%27.8%34.2%0.0%3.5%14.3%9.1%--54.5%
Gross margin66.4%66.7%67.7%68.7%67.5%65.9%66.2%65.6%64.8%66.7%
Operating margin21.9%20.0%18.3%15.4%13.7%14.7%15.2%13.7%11.3%13.2%
Net margin20.8%16.1%14.2%12.2%10.4%11.9%11.8%11.0%10.8%11.5%
Free cash flow margin23.7%29.2%22.4%20.5%22.7%27.7%22.0%25.3%26.6%19.8%
Return on equity15.8%12.2%10.0%8.7%7.0%7.6%8.2%7.9%8.2%7.7%
Return on assets12.0%8.3%6.6%5.5%4.2%4.6%5.1%5.0%5.0%4.4%
Current ratio1.551.702.062.121.811.860.931.381.321.08
Debt to equity-0.130.200.220.290.260.210.230.260.31

Source: XBRL data NICE Ltd files with the SEC, latest filing dated Feb 26, 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.

NICE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NICE$2.95B+7.7%$612.10M20.8%$5.71B
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

NICE FAQ

9 questions
  • What is NICE revenue?
    NICE Ltd (NICE) reported $2.95B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 7.7% from the year before.
  • Is NICE profitable?
    Yes. NICE Ltd earned $612.10M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 20.8%.
  • How much cash and debt does NICE have?
    NICE Ltd reported $379.39M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is NICE revenue growing?
    NICE Ltd's revenue changed +7.7% in fiscal 2025, to $2.95B. Its compound annual growth rate was +12.3% over 5 years and +12.3% over 10 years.
  • What is NICE gross margin?
    NICE Ltd's gross profit was $1.96B on $2.95B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 66.4%.
  • What is NICE free cash flow?
    NICE Ltd generated $697.63M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $716.55M less capital expenditures.
  • What is NICE earnings per share?
    Diluted earnings per share were $9.67 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did NICE last report financial results?
    The latest statements here come from NICE Ltd's 20-F filed on Feb 26, 2026, covering the period ended Dec 31, 2025.
  • Where does this NICE financial data come from?
    Quantisnow builds these statements from the structured XBRL data NICE Ltd files with the SEC. It is provided for information only and is not investment advice.