Financials in USD. Standardized financial statements.
A compact view of how Arista Networks, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $9.01B | $7.00B | $5.86B | $4.38B | $2.95B | $2.32B | $2.41B | $2.15B | $1.65B | $1.13B |
| Revenue Growth? | +28.6% | +19.5% | +33.8% | +48.6% | +27.2% | -3.9% | +12.1% | +30.7% | +45.8% | 0.0% |
| Cost of Revenue? | $3.24B | $2.51B | $2.23B | $1.71B | $1.07B | $835.63M | $866.37M | $777.99M | $584.42M | $406.05M |
| Gross Profit? | $5.77B | $4.49B | $3.63B | $2.68B | $1.88B | $1.48B | $1.54B | $1.37B | $1.06B | $723.12M |
| Gross Margin? | +64.1% | +64.1% | +61.9% | +61.1% | +63.8% | +63.9% | +64.1% | +63.8% | +64.5% | +64.0% |
| Operating Expenses? | $1.91B | $1.55B | $1.37B | $1.15B | $956.04M | $782.20M | $738.56M | $1.10B | $591.50M | $479.71M |
| Operating Income? | $3.86B | $2.94B | $2.26B | $1.53B | $924.74M | $699.68M | $805.77M | $273.35M | $470.27M | $243.41M |
| EBITDA? | $3.93B | $3.01B | $2.33B | $1.59B | $975.07M | $734.84M | $838.62M | $319.17M | $498.18M | $265.11M |
| Income Before Tax | $4.25B | $3.27B | $2.42B | $1.58B | $930.88M | $738.86M | $862.27M | $288.80M | $474.76M | $242.22M |
| Income Tax Expense | $738.30M | $413.00M | $334.70M | $229.35M | $90.03M | $104.31M | $2.40M | -$39.31M | $51.56M | $58.04M |
| Net Income? | $3.51B | $2.85B | $2.09B | $1.35B | $840.85M | $634.56M | $859.87M | $328.12M | $423.20M | $184.19M |
| EPS? | $2.79 | $2.27 | $1.69 | $1.10 | $0.69 | $0.52 | $0.70 | $0.27 | $0.37 | $0.17 |
| Diluted EPS? | $2.75 | $2.23 | $1.65 | $1.07 | $0.66 | $0.50 | $0.66 | $0.25 | $0.33 | $0.16 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality