Friday 6 November 2026 Export ILMN’s income statement to Excel — free account

Illumina, Inc.

Illumina, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.3 billion, down 0.66% from fiscal 2024.

Revenue: +4.15%
EPS: +49.0%
Free cash flow: +49.8%
Total debt: +80.0%

Quarter to September 2026, against a year earlier

209.82 16.72 −7.38%

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Market cap: $31.5B
P/E: 35.6×
Fwd P/E: 46.4×
Dividend yield: —
F-score: 8/9
Altman Z: 4.39
Beneish M: −2.51
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Illumina, Inc. (ILMN) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Consumables	3,227	74.30%
Service	634	14.60%
Instruments	482	11.10%
Gross margin		66.08%
Operating margin		18.58%
Pre-tax margin		25.01%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Services and Other	—	—	—	—	—	—	—	—	—	366 15.26%
Also reported: a second breakdown of the same revenue
Consumables	3,227 74.30%	3,155 72.16%	3,083 68.45%	3,225 70.35%	3,217 71.08%	2,304 71.13%	2,392 67.51%	2,177 65.32%	1,771 64.35%	1,543 64.35%
Service	634 14.60%	716 16.38%	717 15.92%	631 13.77%	558 12.33%	504 15.56%	614 17.33%	584 17.52%	463 16.82%	366 15.26%
Instruments	482 11.10%	501 11.46%	704 15.63%	728 15.88%	751 16.59%	431 13.31%	537 15.16%	572 17.16%	518 18.82%	469 19.56%
Other Products	—	—	—	—	—	—	—	—	—	20 0.83%
Total product revenue	3,709	3,656	3,787	3,953	3,968	2,735	2,929	2,749	2,289	—
Revenue	4,343	4,372	4,504	4,584	4,526	3,239	3,543	3,333	2,752	2,398

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total product revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
GRAIL	0 0.00%	55 1.26%	93 2.06%	55 1.20%	12 0.27%	0 0.00%	0 0.00%	—	—	—	—	—
Consolidated Variable Interest Entities	—	—	—	—	—	—	1 0.03%	10 0.30%	6 0.22%	—	—	0 0.00%
Also reported: a second breakdown of the same revenue
Sequencing	3,985 91.76%	3,993 91.33%	4,112 91.30%	4,171 90.99%	4,109 90.79%	2,879 88.89%	3,068 86.59%	—	—	—	—	—
Microarray	358 8.24%	379 8.67%	392 8.70%	413 9.01%	417 9.21%	360 11.11%	475 13.41%	—	—	—	—	—
Eliminations	—	—	—	—	—	—	—	—	—	(30) (1.25%)	—	—
Core Illumina	4,343	—	—	—	—	3,239	3,543	—	—	—	—	—
Revenue	4,343	4,372	4,504	4,584	4,526	3,239	3,543	3,333	2,752	2,398	2,220	1,861

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Core Illumina	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
GRAIL	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consolidated Variable Interest Entities	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intersegment Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	1,207 54.37%	951 51.08%	715 50.29%	568 49.49%	529 50.09%	499 55.27%	347 52.11%
Europe	527 23.74%	467 25.06%	355 24.96%	291 25.37%	278 26.33%	—	—
Asia-Pacific	380 17.12%	343 18.41%	276 19.45%	232 20.24%	197 18.66%	143 15.89%	96 14.47%
Other Countries	106 4.77%	101 5.45%	75 5.30%	56 4.89%	52 4.91%	37 4.07%	26 3.89%
Segment, Geographical, Groups of Countries, Group One [Member] (Deprecated 2013-01-31)	—	—	—	—	—	163 18.06%	141 21.15%
United Kingdom	—	—	—	—	—	61 6.70%	56 8.38%
Revenue	2,220	1,861	1,421	1,149	1,056	903	666

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Remaining performance obligations	Q3 FY2026	$933.0M	$747.0M	+24.90%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q1 FY2019	Q4 FY2018
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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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.