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Friday 6 November 2026
Export AKAM’s income statement to Excel — free account
Akamai Technologies, Inc.
AKAM Technology Software Infrastructure
Akamai Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 5.44% from fiscal 2024.
- Revenue
- +5.38%
- EPS
- −23.6%
- Free cash flow
- −57.3%
- Total debt
- +84.4%
Quarter to June 2026, against a year earlier
78.74
7.19
−8.37%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,348 | 2,489 | 2,714 | 2,894 | 3,198 | 3,461 | 3,617 | 3,812 | 3,991 | 4,208 | 4,323 | +6.7% | 4,490 | 5,215 | 6,398 | +15.0% | |
| Gross margin, % | 65.54 | 64.81 | 64.87 | 65.87 | 64.58 | 63.34 | 61.74 | 60.36 | 59.39 | 58.95 | 57.45 | (6.6) pt | ||||||
| EBT | 466 | 314 | 343 | 532 | 616 | 728 | 658 | 653 | 587 | 602 | 499 | +2.9% | ||||||
| EBT margin, % | 19.86 | 12.62 | 12.64 | 18.40 | 19.26 | 21.04 | 18.19 | 17.12 | 14.71 | 14.32 | 11.55 | (5.5) pt | ||||||
| Net income | 321 | 223 | 298 | 478 | 557 | 652 | 524 | 548 | 505 | 452 | 411 | +3.9% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 13.42 | 14.51 | 16.22 | 17.78 | 19.68 | 21.28 | 22.73 | 24.99 | 26.36 | 28.94 | 29.88 | +8.9% | |||||
| Earnings | 1.81 | 1.27 | 1.78 | 2.94 | 3.43 | 4.01 | 3.29 | 3.59 | 3.34 | 3.11 | 2.85 | +6.2% | ||||||
| Cash flow | 4.98 | 4.67 | 6.03 | 6.50 | 7.48 | 8.63 | 8.01 | 8.84 | 10.03 | 10.45 | 10.00 | +8.6% | ||||||
| Capex | (1.81) | (2.42) | (2.43) | (3.45) | (4.50) | (3.35) | (2.88) | (4.79) | (4.53) | (5.64) | (5.65) | +13.5% | ||||||
| Free cash flow | 3.18 | 2.25 | 3.60 | 3.05 | 2.97 | 5.28 | 5.13 | 4.05 | 5.51 | 4.81 | 4.35 | +4.7% | ||||||
| Book value | 18.43 | 19.60 | 19.08 | 22.48 | 26.16 | 27.85 | 27.41 | 30.14 | 32.22 | 34.23 | 32.83 | +7.1% | ||||||
| Shares, m | 175 | 172 | 167 | 163 | 162 | 163 | 159 | 153 | 151 | 145 | 145 | (2.0%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 37.33 | 49.84 | 33.93 | 29.28 | 30.61 | 29.26 | 28.42 | 32.47 | 28.72 | 27.96 | 27.63 | 32.8 | |||||
| P/S | 5.03 | 4.52 | 3.76 | 4.86 | 5.33 | 5.50 | 3.74 | 4.68 | 3.63 | 3.01 | 2.64 | 4.4 | ||||||
| P/B | 3.67 | 3.35 | 3.20 | 3.84 | 4.01 | 4.20 | 3.10 | 3.88 | 2.97 | 2.55 | 2.40 | 3.5 | ||||||
| EV/Sales | 4.95 | 4.50 | 3.64 | 5.01 | 5.64 | 5.81 | 4.12 | 5.43 | 4.12 | 3.98 | 3.61 | 4.7 | ||||||
| EV/FCF | 20.92 | 29.00 | 16.41 | 29.21 | 37.31 | 23.40 | 18.24 | 33.48 | 19.70 | 23.96 | 24.76 | 25.2 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 872 | 801 | 1,008 | 1,058 | 1,215 | 1,405 | 1,275 | 1,348 | 1,519 | 1,519 | 1,447 | +6.4% | |||||
| Capex | (316) | (415) | (406) | (562) | (732) | (545) | (458) | (730) | (685) | (819) | (817) | +11.2% | ||||||
| Free cash flow | 556 | 386 | 603 | 496 | 483 | 859 | 816 | 618 | 834 | 699 | 630 | +2.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 935 | 890 | 1,325 | 1,538 | 1,171 | 1,130 | 1,151 | 969 | 487 | 1,319 | 1,809 | +3.9% | |||||
| Net debt | (197) | (49) | (331) | 442 | 964 | 1,074 | 1,376 | 2,674 | 1,949 | 2,919 | 4,207 | n/m | ||||||
| Shareholders’ equity | 3,224 | 3,362 | 3,192 | 3,658 | 4,251 | 4,530 | 4,360 | 4,597 | 4,878 | 4,977 | 4,749 | +4.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 7.50 | 4.94 | 5.90 | 7.67 | 7.54 | 8.20 | 6.37 | 6.02 | 4.98 | 4.14 | 3.21 | (3.4) pt | |||||
| ROIC | 9.63 | 5.93 | 7.92 | 8.37 | 7.89 | 8.73 | 7.37 | 5.48 | 4.88 | 4.49 | 3.18 | (5.1) pt | ||||||
| ROE | 10.11 | 6.76 | 9.10 | 13.96 | 14.09 | 14.84 | 11.78 | 12.23 | 10.66 | 9.17 | 8.92 | (0.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 6,490 | 7,650 | 7,519 | 3,639 | 8,368 | 8,700 | 9,800 | 10,250 | 10,700 | 11,000 | — | +6.0% | |||||
| Revenue/emp, $m | 0.36 | 0.33 | 0.36 | 0.80 | 0.38 | 0.40 | 0.37 | 0.37 | 0.37 | 0.38 | — | +0.6% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| Reportable Segment | 4,208 | 100.00% |
|---|---|---|
| Gross margin | 58.95% | |
| Operating margin | 13.47% | |
| Pre-tax margin | 14.32% |
Akamai Technologies, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NTNX Nutanix | $16.0B | 10.6× | 53.4× | +15.89% (above 0%: growing) | +3,250.00% (above 0%: growing) | +33.59% (above 0%: growing) | 86.03% | 9.24% | Compare |
| CHKP Check Point Software Technologies Ltd. | $15.1B | 17.7× | 19.7× | −1.14% (below 0%: shrinking) | −45.32% (below 0%: shrinking) | +9.88% (above 0%: growing) | 86.91% | 26.46% | Compare |
| GDDY GoDaddy Inc. | $14.6B | 16.4× | 15.6× | +6.05% (above 0%: growing) | +36.60% (above 0%: growing) | +9.40% (above 0%: growing) | 62.83% | 27.02% | Compare |
| AKAM Akamai Technologies, Inc. | $11.2B | 27.6× | 34.2× | +5.38% (above 0%: growing) | −23.61% (below 0%: shrinking) | −57.30% (below 0%: shrinking) | 55.81% | 7.30% | |
| SAIL SailPoint, Inc. | $10.5B | — (loss-making) | — (loss-making) | +16.82% (above 0%: growing) | n/m | −18.60% (below 0%: shrinking) | 66.51% | (19.09%) | Compare |
| PAYP PayPay Corporation | $9.7B | — | — | — | — | — | 100.00% | 28.08% | Compare |
| NTSK Netskope Inc. | $8.9B | — (loss-making) | — (loss-making) | +29.15% (above 0%: growing) | n/m | −51.62% (below 0%: shrinking) | 73.92% | (40.72%) | Compare |
| DOCN DigitalOcean Holdings, Inc. | $8.3B | 171× | 175× | +39.87% (above 0%: growing) | n/m | +85.62% (above 0%: growing) | 50.15% | 10.28% | Compare |
| GTLB GitLab Inc. | $8.2B | — (loss-making) | — (loss-making) | +21.31% (above 0%: growing) | n/m | −107.11% (below 0%: shrinking) | 84.06% | (19.89%) | Compare |
| Median of peers | $10.1B | 17.0× | 36.6× | +16.82% | +36.60% | +9.40% | 78.99% | 9.76% |
From the latest earnings call
- Tom Leighton said cloud infrastructure services commitments exceeded $2.8 billion so far in 2026, and the company anticipates overall revenue growth in the low teens in 2027.
- Ed McGowan said Akamai is pausing share repurchases temporarily to direct capital toward its cloud infrastructure services pipeline and related capacity build-out.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
110.95%
Held by the ten largest
47.31%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 18.08m | 12.59% | −148.04k |
| Capital Group | 11.33m | 7.89% | +4.46m |
| BlackRock | 10.46m | 7.29% | +46.75k |
| State Street | 5.77m | 4.02% | +258.23k |
| First Trust | 4.75m | 3.31% | −28.34k |
| Geode Capital Management | 4.23m | 2.94% | +109.88k |
| Invesco | 3.91m | 2.73% | +434.59k |
| Bank of America | 3.57m | 2.48% | +273.69k |
| Royal Bank of Canada | 3.23m | 2.25% | +2.02m |
| Dimensional Fund Advisors | 2.60m | 1.81% | −867.04k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 31 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 15.95m | 12.41m | 83.00 |
| 2024 | 15.06m | 1.72m | 91.00 |
| 2023 | 13.38m | 26.22m | 113.00 |
| 2022 | 11.98m | 3.46m | 80.00 |
| 2021 | 11.95m | 15.73m | 111.00 |
Ownership
Directors and executive officers, together
2.30%
The Vanguard Group
12.70%
BlackRock, Inc.
6.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Akamai Technologies, Inc. (AKAM) Latest News
6 Nov
5 Nov
29 Oct
27 Oct
23 Oct
20 Oct
AKAM metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Akamai helps businesses build, secure and deliver applications and digital experiences. It sells cybersecurity, cloud computing and content delivery services to enterprises and government agencies. Founded in 1998 and headquartered in Cambridge, the company is led by chief executive F. Thomson Leighton.
Its security products help protect websites, applications, networks and users. They include defenses against attacks that overwhelm services with traffic, tools that identify malicious automated activity, and products that help businesses find and protect application programming interfaces, or APIs. Akamai also offers tools designed to limit an attacker’s movement within a network and to protect AI applications.