Saturday 17 October 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. In the quarter to June 2026, revenue grew 5.38%, EPS fell 23.6%, free cash flow fell 57.3% and total debt rose 84.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years.
87.81
4.51
−4.89%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 39.43 | 44.65 | 58.33 | 57.18 | 75.18 | 92.64 | 76.28 | 70.65 | 84.70 | 67.51 |
Analyst estimates 2026–2028 Powerpack |
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| High | 71.04 | 71.64 | 83.08 | 93.12 | 120.00 | 124.91 | 123.25 | 120.61 | 129.17 | 103.75 | |||||
| People | |||||||||||||||
| People | Employees | 6,490 | 7,650 | 7,519 | 3,639 | 8,368 | 8,700 | 9,800 | 10,250 | 10,700 | 11,000 | ||||
| Revenue/emp, $m | 0.36 | 0.33 | 0.36 | 0.80 | 0.38 | 0.40 | 0.37 | 0.37 | 0.37 | 0.38 | |||||
| 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 | ||||
| Gross margin, % | 65.54 | 64.81 | 64.87 | 65.87 | 64.58 | 63.34 | 61.74 | 60.36 | 59.39 | 58.95 | |||||
| EBT | 466 | 314 | 343 | 532 | 616 | 728 | 658 | 653 | 587 | 602 | |||||
| EBT margin, % | 19.86 | 12.62 | 12.64 | 18.40 | 19.26 | 21.04 | 18.19 | 17.12 | 14.71 | 14.32 | |||||
| Net income | 321 | 223 | 298 | 478 | 557 | 652 | 524 | 548 | 505 | 452 | |||||
| Depreciation | 353 | 391 | 476 | 487 | 541 | 617 | 597 | 576 | 655 | 716 | |||||
| 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 | ||||
| Earnings | 1.81 | 1.27 | 1.78 | 2.94 | 3.43 | 4.01 | 3.29 | 3.59 | 3.34 | 3.11 | |||||
| Cash flow | 4.98 | 4.67 | 6.03 | 6.50 | 7.48 | 8.63 | 8.01 | 8.84 | 10.03 | 10.45 | |||||
| Capex | (1.81) | (2.42) | (2.43) | (3.45) | (4.50) | (3.35) | (2.88) | (4.79) | (4.53) | (5.64) | |||||
| Free cash flow | 3.18 | 2.25 | 3.60 | 3.05 | 2.97 | 5.28 | 5.13 | 4.05 | 5.51 | 4.81 | |||||
| Book value | 18.43 | 19.60 | 19.08 | 22.48 | 26.16 | 27.85 | 27.41 | 30.14 | 32.22 | 34.23 | |||||
| Shares, m | 175 | 172 | 167 | 163 | 162 | 163 | 159 | 153 | 151 | 145 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 37.33 | 49.84 | 33.93 | 29.28 | 30.61 | 29.26 | 28.42 | 32.47 | 28.72 | 27.96 | ||||
| P/S | 5.03 | 4.52 | 3.76 | 4.86 | 5.33 | 5.50 | 3.74 | 4.68 | 3.63 | 3.01 | |||||
| P/B | 3.67 | 3.35 | 3.20 | 3.84 | 4.01 | 4.20 | 3.10 | 3.88 | 2.97 | 2.55 | |||||
| EV/Sales | 4.95 | 4.50 | 3.64 | 5.01 | 5.64 | 5.81 | 4.12 | 5.43 | 4.12 | 3.98 | |||||
| EV/FCF | 20.92 | 29.00 | 16.41 | 29.21 | 37.31 | 23.40 | 18.24 | 33.48 | 19.70 | 23.96 | |||||
| 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 | ||||
| Capex | (316) | (415) | (406) | (562) | (732) | (545) | (458) | (730) | (685) | (819) | |||||
| Free cash flow | 556 | 386 | 603 | 496 | 483 | 859 | 816 | 618 | 834 | 699 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 935 | 890 | 1,325 | 1,538 | 1,171 | 1,130 | 1,151 | 969 | 487 | 1,319 | ||||
| Total debt | 640 | 663 | 1,561 | 1,979 | 2,062 | 2,152 | 2,481 | 3,538 | 3,546 | 4,105 | |||||
| Net debt | (197) | (49) | (331) | 442 | 964 | 1,074 | 1,376 | 2,674 | 1,949 | 2,919 | |||||
| Shareholders’ equity | 3,224 | 3,362 | 3,192 | 3,658 | 4,251 | 4,530 | 4,360 | 4,597 | 4,878 | 4,977 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 7.50 | 4.94 | 5.90 | 7.67 | 7.54 | 8.20 | 6.37 | 6.02 | 4.98 | 4.14 | ||||
| ROIC | 9.63 | 5.93 | 7.92 | 8.37 | 7.89 | 8.73 | 7.37 | 5.48 | 4.88 | 4.49 | |||||
| ROE | 10.11 | 6.76 | 9.10 | 13.96 | 14.09 | 14.84 | 11.78 | 12.23 | 10.66 | 9.17 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| TOST Toast, Inc. | $18.7B | 38.0× | 27.8× | +23.10% (above 0%: growing) | +92.86% (above 0%: growing) | −37.50% (below 0%: shrinking) | 27.04% | 7.97% | Compare |
| KSPI Joint Stock Company Kaspi.kz Sponsored ADR | $18.0B | 8.4× | 6.4× | +20.70% (above 0%: growing) | +5.19% (above 0%: growing) | +73.38% (above 0%: growing) | 74.32% | 0.00% | Compare |
| GEN Gen Digital Inc. | $14.9B | 13.9× | 15.2× | +6.28% (above 0%: growing) | +63.64% (above 0%: growing) | +3.86% (above 0%: growing) | 77.02% | 33.16% | Compare |
| CHKP Check Point Software Technologies Ltd. | $14.1B | 13.9× | 17.5× | +1.26% (above 0%: growing) | −0.53% (below 0%: shrinking) | −35.82% (below 0%: shrinking) | 86.77% | 27.48% | Compare |
| GDDY GoDaddy Inc. | $13.6B | 15.6× | 11.9× | +6.60% (above 0%: growing) | +27.78% (above 0%: growing) | +16.39% (above 0%: growing) | 63.81% | 26.39% | Compare |
| AKAM Akamai Technologies, Inc. | $13.3B | 30.8× | 46.6× | +5.38% (above 0%: growing) | −23.61% (below 0%: shrinking) | −57.30% (below 0%: shrinking) | 55.81% | 7.30% | |
| DOCN DigitalOcean Holdings, Inc. | $12.9B | 39.0× | 851× | +28.57% (above 0%: growing) | −17.07% (below 0%: shrinking) | −63.43% (below 0%: shrinking) | 55.00% | 10.45% | Compare |
| SAIL SailPoint, Inc. | $11.3B | — (loss-making) | — (loss-making) | +16.82% (above 0%: growing) | n/m | −18.60% (below 0%: shrinking) | 66.51% | (19.09%) | Compare |
| GTLB GitLab Inc. | $9.3B | — (loss-making) | — (loss-making) | +21.31% (above 0%: growing) | n/m | −107.11% (below 0%: shrinking) | 84.06% | (19.89%) | Compare |
| Median of peers | $13.8B | 14.7× | 16.4× | +18.76% | +16.49% | −27.21% | 70.42% | 9.21% |
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 Technologies, Inc. (AKAM) key facts
- Strength: Akamai Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 5.44% from fiscal 2024.
- Akamai Technologies, Inc. (AKAM) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, AKAM traded at $87.81, a market capitalization of $13.3 billion.
- Return on equity was 9.17% and debt-to-equity 1.59.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.26 (grey zone) for fiscal 2025.