Akamai Technologies, Inc.

AKAM · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Valuation
Market cap	$12,552	$14,369	$17,851	$13,256	$19,017	$17,059	$14,035	$9,924	$10,568	$10,834	$8,551	$11,224	$8,407	$7,278	$5,935	$8,342	$4,344	$2,530	$5,638	$8,253	$2,714	$1,621	$1,270	$195	$613	$1,853	$9,887	$2,613
Enterprise value	$18,275	$17,407	$21,522	$15,325	$20,797	$18,738	$15,169	$9,593	$10,519	$10,637	$8,426	$11,071	$7,733	$6,840	$5,086	$7,736	$3,977	$2,399	$5,292	$8,183	$2,623	$1,807	$1,492	$386	$721	$1,844	$9,621	$2,607
P/E (TTM) at period end	27.77×	28.46×	32.60×	25.31×	29.18×	30.62×	29.36×	33.26×	47.44×	33.78×	26.61×	33.61×	28.65×	35.68×	29.54×	48.42×	29.42×	17.22×	55.84×	143.78×	8.27×	47.17×	–	–	–	–	–	–
P/S (TTM) at period end	2.98×	3.60×	4.68×	3.67×	5.49×	5.33×	4.85×	3.66×	4.22×	4.63×	3.89×	5.72×	5.33×	5.30×	5.12×	8.15×	5.05×	3.20×	8.86×	19.25×	9.59×	7.72×	7.88×	1.35×	3.76×	20.64×	2480.37×	2613375.00×
P/B at period end	2.52×	2.95×	3.88×	3.04×	4.20×	4.01×	3.84×	3.11×	3.14×	3.31×	2.70×	3.81×	3.20×	3.10×	2.75×	3.83×	2.50×	1.61×	4.15×	8.64×	4.35×	–	–	–	35.58×	0.77×	35.13×	318.70×
EV / EBITDA (TTM)	14.33×	14.73×	17.81×	12.08×	15.59×	16.48×	15.33×	12.04×	15.32×	13.28×	11.00×	15.02×	12.92×	13.19×	11.09×	19.46×	11.49×	7.73×	24.41×	65.71×	26.62×	26.13×	37.30×	–	–	–	–	–
EV / Sales (TTM)	4.34×	4.36×	5.65×	4.24×	6.01×	5.86×	5.24×	3.53×	4.20×	4.55×	3.83×	5.64×	4.90×	4.98×	4.39×	7.56×	4.63×	3.03×	8.32×	19.09×	9.27×	8.61×	9.25×	2.66×	4.42×	20.55×	2413.73×	2606575.00×
Returns
Return on equity	9.1%	10.4%	11.9%	12.0%	14.4%	13.1%	13.1%	9.3%	6.6%	9.8%	10.2%	11.3%	11.2%	8.7%	9.3%	7.9%	8.5%	9.4%	7.4%	6.0%	52.5%	–	–	–	(14132.0%)	(36.8%)	(20.5%)	(11.0%)
Return on invested capital	3.9%	5.1%	6.2%	7.8%	10.4%	9.1%	8.3%	8.5%	6.0%	8.9%	9.4%	10.3%	12.6%	9.3%	11.9%	8.5%	7.8%	8.1%	6.2%	4.5%	10.0%	50.1%	(21.7%)	(798.5%)	(1010.1%)	(35.2%)	(357.2%)	(56.2%)
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	2.36×	1.23×	2.16×	2.41×	2.43×	2.54×	3.22×	2.09×	2.95×	3.50×	3.77×	3.78×	3.91×	3.59×	7.56×	5.91×	2.33×	5.00×	7.86×	4.20×	5.74×	2.32×	3.23×	1.75×	2.50×	4.18×	14.71×	9.86×
Debt / equity	0.89×	0.73×	0.77×	0.52×	0.44×	0.45×	0.50×	0.49×	0.20×	0.20×	0.20×	0.21×	–	–	–	–	0.11×	0.13×	0.15×	0.21×	0.32×	(2.04×)	(2.21×)	(1.79×)	17.43×	0.13×	0.01×	–
Effective tax rate	25.0%	14.0%	16.3%	19.3%	8.6%	7.5%	10.0%	13.0%	29.1%	31.2%	29.6%	30.4%	30.0%	36.6%	34.6%	34.7%	38.5%	38.1%	40.0%	41.7%	(365.9%)	2.2%	(2.2%)	(0.2%)	(0.0%)	(0.0%)	–	–
Share count
Diluted shares outstanding	147	154	155	160	166	165	165	169	173	176	180	181	182	182	188	191	189	187	185	177	157	147	118	113	103	88	30	18

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Revenue and gross profit
Revenue	$4,323	$4,208	$3,991	$3,812	$3,617	$3,461	$3,198	$2,894	$2,714	$2,503	$2,340	$2,197	$1,964	$1,578	$1,374	$1,159	$1,024	$860	$791	$636	$429	$283	$210	$161	$145	$163	$90	$4	$0
Cost of revenue	($1,839)	($1,728)	($1,621)	($1,511)	($1,384)	($1,269)	($1,133)	($988)	($953)	($876)	($809)	($726)	($611)	($511)	($530)	($454)	($303)	($250)	($223)	($167)	($94)	($56)	($46)	($61)	($85)	($108)	($72)	($9)	–
Gross profit	$2,484	$2,481	$2,370	$2,301	$2,233	$2,192	$2,065	$1,906	$1,761	$1,627	$1,531	$1,472	$1,353	$1,067	$844	$705	$720	$610	$568	$469	$335	$227	$164	$100	$60	$55	$18	($5)	–
Operating expenses
Research and development	($555)	($514)	($471)	($406)	($391)	($335)	($269)	($261)	($246)	($222)	($168)	($149)	($125)	($94)	($75)	($52)	($55)	($44)	($39)	($44)	($33)	($18)	($12)	($13)	($22)	($45)	($38)	($12)	($0)
Selling, general and administrative	($690)	($657)	($622)	($601)	($584)	($553)	($548)	($516)	($574)	($509)	($440)	($388)	($326)	($255)	($210)	($177)	($168)	($146)	($136)	($121)	($210)	($131)	($103)	($105)	($163)	($215)	($201)	($40)	($1)
Total operating expenses	($2,028)	($1,914)	($1,837)	($1,664)	($1,557)	($1,409)	($1,407)	($1,357)	($1,398)	($1,313)	($1,064)	($1,006)	($863)	($653)	($530)	($414)	($466)	($386)	($356)	($324)	($251)	($154)	($115)	($111)	($242)	($2,469)	($917)	($51)	–
Total costs and expenses	($3,867)	($3,641)	($3,458)	($3,175)	($2,940)	($2,678)	($2,540)	($2,345)	($2,352)	($2,189)	($1,874)	($1,731)	($1,474)	($1,164)	($1,059)	($868)	($769)	($636)	($579)	($491)	($346)	($210)	($161)	($172)	($328)	($2,577)	($989)	($60)	($1)
Operating income	$456	$567	$533	$637	$676	$783	$659	$549	$362	$314	$467	$466	$490	$414	$314	$291	$254	$223	$212	$145	$83	$73	$49	($11)	($183)	($2,414)	($900)	($56)	($1)
Earnings
EBITDA	$1,184	$1,276	$1,182	$1,208	$1,269	$1,334	$1,137	$990	$797	$687	$801	$766	$737	$598	$519	$459	$398	$346	$310	$217	$125	$99	$69	$40	($85)	($2,077)	($180)	($52)	($1)
Interest income	$86	$71	$100	$45	$3	$16	$29	$34	$27	$18	$15	$11	$8	$6	$6	$10	$12	$16	$25	$26	–	–	–	–	–	–	–	–	–
Interest expense	($33)	($31)	($27)	($18)	($11)	($72)	($69)	($49)	($43)	($19)	($19)	($19)	($15)	–	–	–	($2)	($3)	($3)	($3)	–	–	–	–	–	–	–	–	–
Pre-tax income	$499	$602	$587	$653	$658	$728	$616	$532	$343	$314	$466	$457	$480	$420	$322	$307	$262	$237	$235	$168	$98	$70	$35	($29)	($202)	($2,434)	($886)	($2)	–
Income tax expense	($88)	($150)	($82)	($106)	($127)	($63)	($46)	($53)	($45)	($91)	($146)	($135)	($146)	($126)	($118)	($106)	($91)	($91)	($89)	($67)	($41)	$258	($1)	($1)	($0)	($1)	($0)	–	–
Net income	$411	$452	$505	$548	$524	$652	$557	$478	$298	$223	$321	$321	$334	$293	$204	$201	$171	$146	$145	$101	$57	$328	$34	($29)	($204)	($2,436)	($886)	($58)	($1)
Per share
Diluted EPS (GAAP)	$2.78	$3.07	$3.27	$3.52	$3.26	$3.93	$3.37	$2.90	$1.76	$1.29	$1.82	$1.78	$1.84	$1.61	$1.12	$1.07	$0.90	$0.78	$0.79	$0.56	$0.34	$2.11	$0.25	($0.25)	($1.81)	($23.59)	($10.07)	($1.91)	($0.05)
Basic EPS (GAAP)	$2.85	$3.11	$3.34	$3.59	$3.29	$4.01	$3.43	$2.94	$1.78	$1.30	$1.83	$1.80	$1.87	$1.65	$1.15	$1.09	$0.97	$0.85	$0.87	$0.62	$0.37	$2.41	$0.28	($0.25)	($1.81)	($23.59)	($10.07)	($1.91)	($0.05)
Basic shares outstanding	144	145	151	153	159	163	162	163	167	172	175	178	178	178	178	184	177	171	168	163	155	136	124	118	113	103	88	30	18
Margins
Gross margin	57.5%	58.9%	59.4%	60.4%	61.7%	63.3%	64.6%	65.9%	64.9%	65.0%	65.4%	67.0%	68.9%	67.6%	61.4%	60.8%	70.4%	70.9%	71.9%	73.7%	78.0%	80.3%	78.0%	62.1%	41.2%	33.6%	19.6%	(125.8%)	–
Operating margin	10.5%	13.5%	13.4%	16.7%	18.7%	22.6%	20.6%	19.0%	13.4%	12.6%	19.9%	21.2%	24.9%	26.2%	22.9%	25.1%	24.8%	26.0%	26.8%	22.8%	19.4%	25.9%	23.3%	(6.9%)	(125.9%)	(1479.0%)	(1002.1%)	(1415.9%)	(89900.0%)
Net margin	9.5%	10.7%	12.7%	14.4%	14.5%	18.8%	17.4%	16.5%	11.0%	8.9%	13.7%	14.6%	17.0%	18.6%	14.8%	17.3%	16.7%	17.0%	18.4%	15.9%	13.4%	115.9%	16.4%	(18.2%)	(141.0%)	(1492.2%)	(986.8%)	(1444.0%)	(90000.0%)

Analyst consensus

Hold52 analysts

Bearish · 1 · Hold · 25 · Bullish · 26

Earnings history

	EPS	Estimate
Q3 2024	$1.59	$1.59	Match
Q4 2024	$1.66	$1.52	Beat
Q1 2025	$1.70	$1.57	Beat
Q2 2025	$1.73	$1.55	Beat
Q3 2025	$1.86	$1.64	Beat
Q4 2025	$1.84	$1.76	Beat
Q1 2026	$1.61	$1.60	Beat
Q2 2026	$1.59	$1.57	Beat

Peers

Company overview

IPO dateOct 29, 1999

CEOF. Thomson Leighton

Employees11,000

SectorTechnology

IndustrySoftware - Infrastructure

CountryUS

ExchangeNASDAQ Global Select

Websitewww.akamai.com

Akamai Technologies, Inc. (AKAM) is a leading global provider of cloud services, specializing in the secure delivery, optimization, and protection of online content and business applications across the internet. The company's primary focus involves offering sophisticated cloud-based solutions designed to shield digital infrastructure, websites, applications (including APIs), and end-users from a wide array of cyberattacks and online threats, all while simultaneously enhancing performance. Akamai further excels in accelerating web and mobile experiences, facilitating dynamic and highly responsive websites and applications. Its extensive media delivery offerings encompass seamless video streaming and player services, efficient game and software distribution, robust broadcast operations, authoritative Domain Name System (DNS) resolution, and comprehensive data analytics. Additionally, Akamai provides cutting-edge edge compute solutions, empowering developers to deploy and run their code directly at the network's edge for improved efficiency and reduced latency. The company also extends its expertise to telecommunications carriers, offering specialized services such as advanced cybersecurity protection, parental controls, resilient DNS infrastructure, and content delivery solutions. To ensure client success, Akamai offers a full suite of support services to assist with the seamless integration, configuration, optimization, and ongoing management of its diverse product portfolio. Akamai distributes its solutions through both its dedicated direct sales and service organizations and an extensive network of channel partners. Founded in 1998, Akamai Technologies, Inc. is headquartered in Cambridge, Massachusetts.

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