Broadcom (AVGO) Financial Statements & Analysis

Broadcom (AVGO) Income Statement

Broadcom reported revenue of $63.89B in fiscal 2025 (fiscal year ended Nov 2, 2025), up 23.9% from $51.57B a year earlier. Net income was $23.13B, up 292.3% year over year, a net margin of 36.2%. Gross margin was 67.8% and operating margin 39.9%. In the most recent quarter, Q3 fiscal 2026 (ended Aug 2, 2026), revenue was $29.59B, up 85.5% from the same quarter a year earlier.

Broadcom Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Broadcom Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Oct 2025	Nov 2024	Oct 2024	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Revenue & Gross Profit
Revenue	63.89	63.89	51.57	51.57	35.82	33.20	27.45	23.89	22.60	20.85	17.64
Cost of Revenue	14.49	20.59	12.79	19.07	11.13	11.11	10.61	10.37	10.11	10.12	9.13
Gross Profit	43.29	43.29	32.51	32.51	24.69	22.10	16.84	13.52	12.48	10.73	8.51
Operating Expenses
Research & Development	10.98	10.98	9.31	9.31	5.25	4.92	4.85	4.97	4.70	3.77	3.29
Selling, General & Administrative	4.00	4.21	4.41	4.96	1.59	1.38	1.35	1.94	1.71	1.06	0.79
Operating Expenses	17.81	17.81	19.05	17.51	8.24	7.81	8.33	9.50	9.04	5.60	6.14
Operating Income	25.48	25.48	13.46	15.00	16.45	14.23	8.52	4.01	3.44	5.14	2.37
Other Income/Expense
Interest Income	0.35	0.35	0.46	0.46	0.54	0.10	0.02	0.05	0.10	0.11	0.04
Interest Expense	-3.21	3.21	-3.95	3.95	1.62	1.74	1.89	1.78	1.44	0.63	0.45
Other Income/Expense	-2.76	-2.76	-3.55	-1.59	-0.27	-1.79	-1.75	-1.57	-1.22	-0.59	-0.55
Income
Income Before Tax	22.73	22.73	9.92	9.92	15.10	12.43	6.77	2.44	2.23	4.55	1.83
Income Tax Expense	-0.40	-0.40	3.75	3.75	1.02	0.94	0.03	-0.52	-0.51	-8.08	0.04
Net Income	23.13	23.13	5.90	5.90	14.08	11.50	6.74	2.96	2.72	12.26	1.69
Net Income - Continuous Operations	-	23.13	-	6.17	14.08	11.50	6.74	2.96	2.72	12.26	1.69
Net Income - Discontinued Operations	-	-	-	-0.27	-	-	-	-	-	-	-
EBITDA	35.14	34.71	25.81	23.88	20.55	19.16	14.69	11.13	9.45	9.23	7.01
EBIT	26.37	25.94	15.80	13.87	16.72	14.17	8.68	-	-	-	-
Depreciation & Amortization	8.64	8.78	9.86	3.24	1.39	4.98	6.04	6.91	5.78	4.06	4.73
Earnings Per Share
Basic EPS	5.00	5.00	1.00	1.00	3.00	3.00	2.00	1.00	1.00	3.00	-
Diluted EPS	5.00	5.00	1.00	1.00	3.00	3.00	2.00	1.00	1.00	3.00	-
Basic Shares Outstanding	4.71	4.71	4.62	4.62	4.15	4.09	4.10	4.02	3.98	4.18	4.05
Diluted Shares Outstanding	4.85	4.85	4.78	4.78	4.27	4.23	4.29	4.21	4.19	4.31	4.09

Source: Company financial statements from annual and quarterly filings. Data as of Aug 2, 2026. Data sources and methodology

Frequently Asked Questions About Broadcom Financial Statements

What was Broadcom's revenue in fiscal 2025?

Broadcom reported revenue of $63.89B in fiscal 2025 (fiscal year ended Nov 2, 2025). That was up 23.9% from $51.57B a year earlier.

Is Broadcom profitable?

Yes. Broadcom earned net income of $23.13B in fiscal 2025, a net margin of 36.2%. In fiscal 2024 it earned $5.89B.

What is Broadcom's operating margin?

Broadcom's operating income was $25.48B on revenue of $63.89B in fiscal 2025, an operating margin of 39.9%, compared with 26.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition