Thursday 29 October 2026 Export ANET’s income statement to Excel — free account

Arista Networks, Inc.

Arista Networks, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 28.6% from fiscal 2024. In the quarter to June 2026, revenue grew 37.7%, EPS grew 35.2% and free cash flow fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for three.

187.21 0.21 +0.11%

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Market cap: $235.5B
P/E: 58.3×
Fwd P/E: 45.2×
Dividend yield: —
F-score: 4/9
Altman Z: 16.45
Beneish M: −2.24
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Arista Networks, Inc. (ANET) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Product	7,577	84.13%
Service	1,429	15.87%
Gross margin		64.06%
Operating margin		42.82%
Pre-tax margin		47.19%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product	7,577 84.13%	5,884 84.02%	5,030 85.82%	3,716 84.82%	2,378 80.65%	1,831 79.00%	2,021 83.84%	1,841 85.58%	1,433 87.04%	991 87.79%
Service	1,429 15.87%	1,119 15.98%	831 14.18%	665 15.18%	570 19.35%	487 21.00%	390 16.16%	310 14.42%	213 12.96%	138 12.21%
Revenue	9,006	7,003	5,860	4,381	2,948	2,318	2,411	2,151	1,646	1,129

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Americas	1,772 76.46%	1,833 76.04%	1,550 72.07%	1,192 72.43%	875 77.47%	—	—	—	—
Europe, Middle East and Africa	327 14.10%	382 15.83%	414 19.25%	300 18.20%	169 14.95%	128 15.33%	75 12.76%	41 11.23%	23 11.90%
Asia-Pacific	219 9.44%	196 8.13%	187 8.69%	154 9.38%	86 7.58%	62 7.43%	44 7.53%	21 5.82%	16 8.17%
United States	—	—	—	—	—	634 75.74%	457 78.19%	294 81.27%	150 77.32%
Other Americas	—	—	—	—	—	13 1.49%	9 1.52%	6 1.67%	5 2.61%
Revenue	2,318	2,411	2,151	1,646	1,129	838	584	361	193

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.