Take-Two Interactive Software, Inc.

TTWO · 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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Valuation
Market cap	$36,572	$36,579	$25,330	$20,123	$17,745	$20,373	$13,676	$10,881	$11,274	$6,834	$3,127	$2,044	$1,854	$1,360	$1,282	$1,237	–	$843	$890	$1,350	$881	$1,443	$1,553	$1,666	$1,064	$461	$469	$213	$96	$58
Enterprise value	$37,541	$39,219	$28,088	$22,595	$15,443	$17,833	$11,851	$9,310	$9,858	$5,693	$2,356	$1,422	$1,372	$1,293	$1,178	$1,064	–	$841	$680	$1,290	$748	$1,335	$1,398	$1,483	$956	$509	$562	$259	$130	$62
P/E (TTM) at period end	–	–	–	–	42.45×	34.60×	33.81×	32.59×	65.03×	103.50×	–	–	5.78×	–	–	27.31×	–	–	9.17×	–	–	40.85×	25.01×	16.98×	14.86×	129.15×	73.16×	13.05×	13.50×	–
P/S (TTM) at period end	5.49×	6.49×	4.74×	3.76×	5.06×	6.04×	4.43×	4.08×	6.29×	3.84×	2.21×	1.89×	0.79×	1.12×	1.55×	1.09×	–	1.20×	0.58×	1.37×	0.85×	1.20×	1.38×	1.61×	1.34×	1.02×	1.29×	0.70×	0.49×	0.59×
P/B at period end	10.42×	17.11×	4.47×	2.23×	4.66×	6.11×	5.39×	5.33×	7.57×	6.81×	5.38×	3.63×	2.31×	2.31×	2.15×	2.01×	–	1.54×	1.45×	2.86×	1.60×	2.07×	2.44×	3.12×	2.98×	2.10×	2.51×	2.51×	1.97×	5.81×
EV / EBITDA (TTM)	603.56×	–	–	–	28.88×	26.01×	25.06×	37.78×	58.75×	46.66×	131.08×	–	3.20×	81.43×	–	11.55×	–	–	5.14×	64.77×	–	9.20×	7.45×	6.56×	6.84×	12.08×	13.24×	8.44×	9.47×	77.56×
EV / Sales (TTM)	5.64×	6.96×	5.25×	4.22×	4.41×	5.29×	3.84×	3.49×	5.50×	3.20×	1.67×	1.31×	0.58×	1.06×	1.43×	0.94×	–	1.20×	0.44×	1.31×	0.72×	1.11×	1.24×	1.43×	1.20×	1.13×	1.54×	0.85×	0.67×	0.64×
Returns
Return on equity	(8.5%)	(209.5%)	(66.1%)	(12.4%)	11.0%	17.7%	15.9%	16.4%	11.6%	6.6%	(1.4%)	(49.6%)	40.0%	(5.0%)	(18.3%)	7.4%	(23.6%)	(25.7%)	15.8%	(29.4%)	(33.6%)	5.1%	9.8%	18.4%	20.1%	1.6%	3.4%	19.2%	14.6%	(28.3%)
Return on invested capital	(2.1%)	(91.5%)	(42.5%)	(8.4%)	18.3%	26.0%	27.6%	17.0%	19.7%	25.6%	(0.8%)	(201.9%)	124.6%	1.0%	(17.1%)	14.8%	(16.0%)	(22.1%)	24.0%	(30.6%)	(44.8%)	5.5%	13.7%	27.6%	29.2%	4.4%	8.5%	14.0%	13.0%	(6.2%)
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.3%
Financial health
Current ratio	1.24×	0.78×	0.94×	0.65×	1.84×	1.89×	1.71×	1.45×	1.40×	1.30×	1.68×	1.84×	2.95×	2.57×	3.40×	2.45×	2.03×	1.77×	1.98×	1.60×	2.07×	2.62×	2.28×	3.11×	2.49×	1.66×	1.41×	1.28×	1.39×	0.90×
Debt / equity	0.72×	1.71×	0.54×	0.34×	–	–	–	–	0.01×	0.25×	0.86×	0.84×	0.57×	0.57×	0.53×	0.17×	0.19×	0.18×	0.11×	0.04×	–	–	–	0.00×	0.00×	0.25×	0.52×	0.66×	0.73×	0.65×
Effective tax rate	(50.8%)	0.3%	(1.1%)	15.9%	10.2%	13.1%	11.8%	(43.4%)	(27.0%)	12.6%	78.4%	(2.4%)	3.8%	(19.3%)	(3.7%)	15.4%	(13.8%)	(3.6%)	12.3%	(7.9%)	(0.2%)	15.4%	32.3%	40.6%	40.8%	58.1%	28.4%	33.1%	(4.3%)	–
Share count
Diluted shares outstanding	184	175	170	160	117	116	114	115	113	94	83	80	114	86	83	81	78	77	76	72	65	70	70	65	63	50	60	32	26	13

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Revenue and gross profit
Revenue	$6,686	$6,656	$5,634	$5,350	$5,350	$3,505	$3,373	$3,089	$2,668	$1,793	$1,780	$1,414	$1,083	$2,351	$1,214	$826	$1,137	$763	$701	$1,538	$982	$1,038	$1,201	$1,128	$1,034	$795	$451	$364	$305	$194	$97
Cost of revenue	($2,939)	($2,847)	($2,571)	($3,108)	($3,065)	($1,535)	($1,535)	($1,542)	($1,524)	($898)	($1,023)	($814)	($795)	($1,414)	($716)	($529)	($689)	($495)	($468)	($989)	($735)	($825)	($786)	($750)	($638)	($500)	($306)	($236)	($214)	($146)	($81)
Gross profit	$3,747	$3,810	$3,062	$2,242	$2,285	$1,969	$1,838	$1,547	$1,145	$895	$757	$600	$288	$936	$499	$297	$447	$268	$233	$549	$247	$212	$415	$378	$396	$295	$145	$128	$91	$48	$16
Operating expenses
Research and development	($1,087)	($1,075)	($1,005)	($948)	($888)	($407)	($317)	($296)	($230)	($196)	($138)	($120)	($115)	($105)	($78)	($64)	($70)	($58)	($64)	($64)	($48)	($64)	($74)	($44)	($25)	($12)	($6)	($6)	($5)	($2)	($2)
Selling, general and administrative	($894)	($874)	($883)	($716)	($840)	($511)	($390)	($318)	($281)	($248)	($211)	($192)	($175)	($161)	($147)	($121)	($109)	($116)	($130)	($166)	($279)	($293)	($281)	($220)	($191)	($150)	($98)	($79)	($55)	($32)	($14)
Total operating expenses	($3,908)	($3,914)	($7,453)	($5,832)	($3,450)	($1,496)	($1,208)	($1,121)	($938)	($759)	($665)	($611)	($547)	($521)	($493)	($381)	($370)	($344)	($354)	($438)	($373)	($400)	($377)	($281)	($233)	($172)	($117)	($95)	($63)	($37)	($17)
Total costs and expenses	($6,848)	($6,761)	($10,025)	($8,940)	($6,515)	($3,031)	($2,743)	($2,664)	($2,462)	($1,657)	($1,688)	($1,425)	($1,341)	($1,935)	($1,209)	($910)	($1,060)	($839)	($821)	($1,426)	($1,108)	($1,225)	($1,163)	($1,030)	($871)	($672)	($423)	($331)	($277)	($183)	($98)
Operating income	($161)	($104)	($4,391)	($3,591)	($1,165)	$474	$629	$425	$207	$136	$91	($11)	($258)	$415	$5	($84)	$77	($76)	($120)	$111	($126)	($187)	$38	$97	$163	$123	$28	$33	$27	$11	($1)
Earnings
EBITDA	$3	$62	($4,237)	($3,455)	($1,075)	$535	$686	$473	$246	$168	$122	$18	($237)	$429	$16	($72)	$92	($60)	($103)	$132	$20	($21)	$145	$188	$226	$140	$42	$42	$31	$14	$1
Interest income	–	($94)	($100)	($112)	($142)	$18	$19	$47	$38	$21	–	–	–	–	–	–	–	–	$1	$4	$4	$3	$4	–	–	–	–	–	–	–	–
Interest expense	($137)	($151)	($167)	($141)	($130)	($24)	($11)	($5)	($8)	($22)	($22)	($29)	($30)	($34)	($31)	($21)	($15)	–	($8)	($3)	($1)	–	–	$2	–	–	–	–	–	–	–
Pre-tax income	($233)	($198)	($4,491)	($3,703)	($1,338)	$465	$678	$458	$233	$137	$77	($38)	($273)	$376	($26)	($104)	$64	($95)	($126)	$108	($128)	($184)	$42	$92	$165	$121	($4)	$9	$24	$7	–
Income tax expense	($87)	($100)	$12	($41)	$213	($47)	($89)	($54)	$101	$37	($10)	$30	($7)	($14)	($5)	($4)	($10)	($13)	($4)	($13)	($10)	($0)	($6)	($30)	($67)	($49)	$2	($3)	($8)	$0	–
Net income	($320)	($298)	($4,479)	($3,744)	($1,125)	$418	$589	$404	$334	$174	$67	($8)	($279)	$362	($29)	($109)	$48	($123)	($140)	$97	($138)	($185)	$35	$62	$98	$72	$4	$6	$16	$7	($3)
Per share
Diluted EPS (GAAP)	($1.73)	($1.62)	($25.58)	($22.01)	($7.03)	$3.58	$5.09	$3.54	$2.90	$1.54	$0.72	($0.10)	($3.48)	$3.20	($0.34)	($1.31)	$0.56	($1.58)	($1.83)	$1.25	($1.93)	($2.85)	$0.53	$0.94	$1.37	$1.21	$0.07	$0.11	$0.51	$0.28	($0.33)
Basic EPS (GAAP)	($1.73)	($1.62)	($25.58)	($22.01)	($7.03)	$3.62	$5.14	$3.58	$2.95	$1.57	$0.73	($0.10)	($3.48)	$3.79	($0.34)	($1.31)	$0.56	($1.58)	($1.83)	$1.26	($1.93)	($2.94)	$0.54	$0.95	$1.41	$1.25	$0.07	$0.11	$0.53	$0.33	($0.33)
Basic shares outstanding	185	184	175	170	160	116	115	113	113	110	92	83	80	85	86	83	81	78	77	75	72	63	70	69	63	62	50	57	31	22	13
Margins
Gross margin	56.0%	57.2%	54.4%	41.9%	42.7%	56.2%	54.5%	50.1%	42.9%	49.9%	42.5%	42.4%	26.6%	39.8%	41.1%	36.0%	39.4%	35.2%	33.3%	35.7%	25.1%	20.5%	34.5%	33.5%	38.3%	37.1%	32.1%	35.2%	29.8%	24.6%	17.0%
Operating margin	(2.4%)	(1.6%)	(77.9%)	(67.1%)	(21.8%)	13.5%	18.7%	13.8%	7.7%	7.6%	5.1%	(0.8%)	(23.9%)	17.7%	0.4%	(10.2%)	6.8%	(10.0%)	(17.1%)	7.2%	(12.8%)	(18.0%)	3.2%	8.6%	15.8%	15.4%	6.3%	9.2%	9.0%	5.5%	(0.9%)
Net margin	(4.8%)	(4.5%)	(79.5%)	(70.0%)	(21.0%)	11.9%	17.5%	13.1%	12.5%	9.7%	3.8%	(0.6%)	(25.8%)	15.4%	(2.4%)	(13.2%)	4.3%	(16.1%)	(20.0%)	6.3%	(14.1%)	(17.8%)	2.9%	5.5%	9.5%	9.0%	0.8%	1.8%	5.4%	3.7%	(2.9%)

Analyst consensus

Buy58 analysts

Bearish · 0 · Hold · 12 · Bullish · 46

Earnings history

	EPS	Estimate
Q2 2025	$0.66	$0.42	Beat
Q3 2025	$0.72	$0.64	Beat
Q4 2025	$1.09	$1.10	Miss
Q1 2026	$0.61	$0.28	Beat
Q2 2026	$1.46	$0.94	Beat
Q3 2026	$1.23	$0.83	Beat
Q4 2026	$0.80	$0.56	Beat
Q1 2027	$0.18	$0.33	Miss

Peers

Company overview

IPO dateApr 15, 1997

CEOStrauss H. Zelnick

Employees12,909

SectorTechnology

IndustryElectronic Gaming & Multimedia

CountryUS

ExchangeNASDAQ Global Select

Websitewww.take2games.com

Established in 1993 and headquartered in New York, New York, Take-Two Interactive Software, Inc. is a global leader in the development, publishing, and marketing of interactive entertainment experiences for consumers worldwide. The company's extensive catalog is primarily distributed under its prominent labels: Rockstar Games, 2K, Private Division, and T2 Mobile Games. Rockstar Games is renowned for its action-adventure titles, including iconic franchises like Grand Theft Auto, Red Dead Redemption, Max Payne, and Midnight Club, alongside other fan favorites such as LA Noire, Bully, and Manhunt. The 2K label covers a broad spectrum of genres, offering popular series in shooter (Borderlands), action (BioShock, Mafia), role-playing, strategy (Sid Meier's Civilization, XCOM series), sports, and family/casual categories. This includes highly successful sports simulation games like the NBA 2K basketball series, WWE 2K professional wrestling, and PGA TOUR 2K. Private Division supports titles such as Kerbal Space Program, OlliOlli World, The Outer Worlds, and Ancestors: The Humankind Odyssey. For mobile device users, T2 Mobile Games provides free-to-play options like Dragon City, Monster Legends, Two Dots, and Top Eleven. Take-Two's diverse range of products is designed for major gaming platforms, encompassing current and previous generation consoles (PlayStation 4, PlayStation 5, Xbox One, Nintendo Switch), personal computers, and mobile devices (smartphones and tablets). Consumers can purchase these games through traditional physical retail channels, digital storefronts for download, various online platforms, and cloud streaming services.

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