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Take-Two Interactive Software, Inc.

TTWO

Communication Services Electronic Gaming & Multimedia

Take-Two Interactive Software, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $6.7 billion, up 18.2% from fiscal 2025.

Revenue
−15.6%
EPS
+60.3%
Free cash flow
−105.3%
Total debt
−17.8%

Quarter to September 2026, against a year earlier

208.00 6.87 −3.20%
Market cap
$40.2B
P/E
n/m
Fwd P/E
125×
Dividend yield
—
F-score
6/9
ROIC
−1.82%
Net debt / EBITDA
0.4×
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by regions Fiscal 2026

  • United States
  • International

Every year since 2009 →

Insider Decisions last twelve months

Net sold
$164.1M
Trades
37 sells · 0 buys
Ownership
12.5%

Capital & Financial Ratios $m

Size
Market Cap 40,180
Revenue ttm 6,410
Net income ttm (240)
Free cash flow ttm 367
Net debt Q 2,520
Valuation
P/E n/m
Forward P/E 125.0 (above 35: high)
Price / sales 6.1
Forward P/S Powerpack
Price / FCF 235.0
Price / book 10.6 (above 6: high)
Financial health
Current ratio Q 1.1
Debt / equity Q 0.7
Interest coverage Q (1.2)
Growth
Revenue growth Q −15.6% (below 0%: shrinking)
Operating income growth Q −19.9% (below 0%: shrinking)
EPS, this year +69.5% (at or above 15%: strong)
EPS, next year A +45.2% (at or above 15%: strong)
Revenue, next year A +28.8% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +37.1% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 6.2×, against a ten-year median of 4.9×; over the ten years it ranged from 1.3× in 2016 to 7.9× in 2018.
P/S against its own 10 years 73.07%
10-year low 10-year high
P/B against its own 10 years 86.88%
10-year low 10-year high
EV/Sales against its own 10 years 81.39%
10-year low 10-year high
EV/FCF against its own 10 years 96.41%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,028 1,480 2,003 —
Receivables 680 771 737 781
Inventory — — — —
Other 173 162 159 —
2,260 2,816 3,200 3,236
2024 2025 2026 Q'26
Payables 196 195 211 208
ST’ Debt 25 1,149 30 629
Other — — — —
2,406 3,616 2,589 2,974

Compound Annual Growth %

10y 5y 3y
Sales 16.76% 14.56% 7.56%
Cash Flow 9.10% (7.31%) 727.94%
Earnings 0.00% 0.00% 0.00%
Book Value 19.70% 1.05% (27.05%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.31 Actual 0.36

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.91 1.46 Beat by 0.55
Q3 FY26 0.83 1.23 Beat by 0.40
Q4 FY26 0.56 0.80 Beat by 0.24
Q1 FY27 0.31 0.36 Beat by 0.05
Q2 FY27 0.90 — Reports 9 November 2026

EPS $

Jun Sep Dec Mar Year
’26 (0.18) (0.29) — — —
’26 (0.07) (0.73) (0.50) (0.32) (1.62)
’25 (1.52) (2.08) (0.71) (21.08) (25.58)
’24 (1.22) (3.20) (0.54) (17.02) (22.01)
’23 (0.76) (1.54) (0.91) (3.62) (7.03)
’22 1.30 0.09 1.24 0.95 3.58
’21 0.77 0.86 1.57 1.88 5.09
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 1,534 1,497 — — —
’26 1,504 1,774 1,699 1,680 6,656
’25 1,338 1,353 1,360 1,583 5,634
’24 1,285 1,299 1,366 1,399 5,350
’23 1,102 1,394 1,408 1,446 5,350
’22 813 858 903 930 3,505
’21 831 841 861 839 3,373
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 (169) (5) — — —
’26 (45) 128 305 235 624
’25 (191) (128) (5) 279 (45)
’24 5 65 (77) (9) (16)
’23 101 55 (120) (35) 1
’22 148 136 (264) 239 258
’21 445 181 161 125 912
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (210) (5) — — —
’26 (74) 90 228 191 434
’25 (226) (174) (55) 221 (235)
’24 (26) 36 (113) (82) (185)
’23 58 (2) (137) (122) (203)
’22 62 111 (287) 214 99
’21 437 165 146 96 843
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 20.4% a year for ten years.

Implied
20.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,780 1,793 2,668 3,089 3,373 3,505 5,350 5,350 5,634 6,656 6,410 +15.8% 8,571 9,220 9,439 +12.3%
Gross margin, % 42.52 49.90 42.90 50.07 54.49 56.19 42.72 41.91 54.36 57.23 56.59 +14.7 pt
EBT 77 137 233 458 678 465 (1,338) (3,703) (4,491) (198) (230) n/m
EBT margin, % 4.32 7.62 8.72 14.84 20.10 13.28 (25.01) (69.22) (79.72) (2.97) (3.58) (7.3) pt
Net income 67 174 334 404 589 418 (1,125) (3,744) (4,479) (298) (240) n/m
Per share, $
Per share, $ Revenue 19.74 16.28 23.58 27.31 29.43 30.34 33.46 31.45 32.17 36.20 34.26 +7.0%
Earnings 0.73 1.57 2.95 3.58 5.14 3.62 (7.03) (22.01) (25.58) (1.62) (1.29) n/m
Cash flow 4.52 4.48 7.45 6.06 7.96 2.23 0.01 (0.09) (0.26) 3.39 1.96 (3.1%)
Capex (0.23) (0.79) (0.59) (0.47) (0.60) (1.37) (1.28) (0.99) (1.08) (1.03) 0.00 +17.9%
Free cash flow 4.29 3.69 6.86 5.59 7.36 0.86 (1.27) (1.09) (1.34) 2.36 1.96 (6.4%)
Book value 11.13 13.52 18.03 22.45 29.07 32.98 56.55 33.32 12.21 19.09 19.63 +6.2%
Shares, m 90 110 113 113 115 116 160 170 175 184 186 +8.2%
Valuation, ×
Valuation, × P/E 98.78 61.10 32.55 33.32 34.44 42.47 0.00 0.00 0.00 0.00 0.00 30.3
P/S 3.00 5.89 4.06 4.34 6.00 5.07 3.57 4.77 6.44 5.46 6.07 4.9
P/B 5.33 7.09 5.31 5.28 6.08 4.66 2.11 4.50 16.98 10.35 10.59 6.8
EV/Sales 2.17 4.86 3.26 3.58 5.09 4.31 3.89 5.15 6.83 5.53 6.18 4.5
EV/FCF 10.00 21.45 11.20 17.47 20.36 151.86 (102.58) (148.86) (163.77) 84.86 239.11 (9.8)
Cash, $m
Cash, $m Operating cash flow 408 494 844 686 912 258 1 (16) (45) 624 367 +4.8%
Capex (21) (88) (67) (53) (69) (159) (204) (169) (190) (190) (201) +27.6%
Free cash flow 387 406 777 632 843 99 (203) (185) (235) 434 367 +1.3%
Balance, $m
Balance, $m Working capital 509 682 876 1,455 1,986 1,766 (1,343) (147) (800) 611 262 +2.0%
Net debt (1,478) (1,854) (2,136) (2,371) (3,078) (2,662) 1,758 2,055 2,181 516 2,520 n/m
Shareholders’ equity 1,004 1,489 2,041 2,539 3,332 3,810 9,043 5,668 2,138 3,511 3,674 +14.9%
Returns, %
Returns, % ROA 2.35 5.04 8.37 8.80 10.73 6.65 (10.04) (26.67) (41.86) (3.21) (2.47) (5.6) pt
ROIC 0.00 0.00 0.00 158.23 155.18 25.79 (6.74) (29.06) (63.55) (1.62) (1.82) (1.6) pt
ROE 8.49 13.92 18.92 17.66 20.06 11.71 (17.50) (50.91) (114.76) (10.56) (6.77) (19.0) pt
People
People Employees 3,707 4,492 4,894 5,800 6,495 7,799 11,580 12,371 12,928 9,998 — +11.7%
Revenue/emp, $m 0.48 0.40 0.55 0.53 0.52 0.45 0.46 0.43 0.44 0.67 — +3.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 9 Nov 2026

Business profile

Updated

Take-Two Interactive develops, publishes, and markets video games for players around the world. Founded in 1993 and headquartered in New York City, it is led by Chairman and Chief Executive Officer Strauss Zelnick.

The company operates through three principal labels: Rockstar Games, 2K, and Zynga. Rockstar publishes the Grand Theft Auto and Red Dead Redemption franchises. 2K publishes sports games such as NBA 2K and WWE 2K, alongside games in genres including action, strategy, and role-playing. Zynga publishes free-to-play mobile games, including Toon Blast, Words With Friends, and Zynga Poker.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by regions, and margins
United States 3,940 59.20%
International 2,716 40.80%
Gross margin 57.23%
Operating margin (1.57%)
Pre-tax margin (2.97%)

Revenue by segment since 2009

Take-Two Interactive Software, Inc. vs peers in Electronic Gaming & Multimedia (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
NTES NetEase, Inc. $82.5B 17.3× 14.3× +13.96% (above 0%: growing) −14.36% (below 0%: shrinking) +1.53% (above 0%: growing) 70.47% 40.16% Compare
TTWO Take-Two Interactive Software, Inc. $40.2B — (loss-making) 125× −15.60% (below 0%: shrinking) n/m −105.25% (below 0%: shrinking) 57.47% (7.85%)
RBLX Roblox Corporation $35.3B — (loss-making) — (loss-making) +15.59% (above 0%: growing) n/m −17.65% (below 0%: shrinking) 79.77% (18.00%) Compare
PLTK Playtika Holding Corp. $933.7M — (loss-making) 9.0× −0.12% (below 0%: shrinking) 0.00% +65.31% (above 0%: growing) 74.03% 17.25% Compare
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR $672.9M 6.2× 5.3× +11.17% (above 0%: growing) +50.00% (above 0%: growing) +24.80% (above 0%: growing) 75.54% 38.72% Compare
GRVY GRAVITY Co., Ltd. $467.0M 8.3× — −17.14% (below 0%: shrinking) +60.28% (above 0%: growing) +3,467.78% (above 0%: growing) 32.33% 17.04% Compare
SOHU Sohu.com Inc. $360.6M 1.5× — (loss-making) +7.34% (above 0%: growing) n/m +65.84% (above 0%: growing) 78.64% (13.50%) Compare
FIRY Firy Inc. $190.8M — (loss-making) — (loss-making) +22.92% (above 0%: growing) n/m +15.94% (above 0%: growing) 87.38% (69.59%) Compare
GDEV GDEV Inc. $159.1M 2.3× 1.9× −18.54% (below 0%: shrinking) +1,000.00% (above 0%: growing) +4,744.48% (above 0%: growing) 84.44% 21.72% Compare
Median of peers $569.9M 6.2× 7.1× +9.26% +50.00% +45.06% 77.09% 17.15%

All 22 Electronic Gaming & Multimedia stocks →

From the latest earnings call

Updated

  • CEO Strauss Zelnick said Grand Theft Auto VI pre-orders had begun ahead of its planned release, but cautioned that orders could be canceled and might pull demand forward.
  • CFO Lainie Goldstein said NBA 2K and Grand Theft Auto helped lift first-quarter bookings above guidance, while mobile bookings declined from a year earlier.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
BTIG Nov 9, 2026 Target cut — 313.00 → 262.00
Macquarie Nov 9, 2026 Initiated Outperform 300.00
Wedbush Nov 4, 2026 Target cut Outperform 280.00
Goldman Sachs Nov 4, 2026 Reiterated Buy 285.00
Piper Sandler Nov 4, 2026 Reiterated Outperform 290.00
StoneX Oct 18, 2026 Reiterated Buy 300.00
Citi Oct 15, 2026 Reiterated Buy 270.00
Wells Fargo Oct 13, 2026 Reiterated Outperform 300.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 93.04%
Held by the ten largest 50.98%
Holder Shares Stake Change
Vanguard 22.35m 11.95% +338.33k
BlackRock 18.24m 9.76% −970.64k
Saudi Electronic Games Holding Co 11.41m 6.10% 0.00
JPMorgan Chase 11.03m 5.90% +1.10m
State Street 10.89m 5.82% −1.13m
Invesco 6.33m 3.38% +2.93k
Geode Capital Management 5.10m 2.73% +191.41k
Ameriprise (Columbia Threadneedle) 3.37m 1.80% +1.24m
Norges Bank 3.36m 1.80% +3.36m
MFS Investment Management 3.24m 1.73% −1.11m
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 27 July 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 403.02k 403.02k 112.00
2025 106.46k 106.46k 117.00
2024 274.07k 274.07k 84.00
2023 115.02k 115.02k 68.00
2022 143.00k 143.00k 87.00

Ownership

Directors and executive officers, together 1.12%
Vanguard Capital Management 7.02%
BlackRock, Inc. 6.81%
State Street Corporation 6.43%
Public Investment Fund 6.10%
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

Take-Two Interactive Software, Inc. (TTWO) Latest News

9 Nov

Impact 4 · · The Motley Fool
Impact 4 ·
Impact 4 · · Investing.com
Impact 4 · · Business Wire
Impact 3 · · StockStory
Impact 3 · · Benzinga
Impact 3 · · Stocktwits

7 Nov

Impact 4 · · Benzinga

4 Nov

Impact 4 · · Barchart

2 Nov

Impact 3 · · MT Newswires
Impact 3 · · InvestorsHub

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Trefis

27 Oct

Impact 4 ·
Impact 4 · · Proactive Investors
Impact 4 · · Barchart
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks

23 Oct

Impact 3 · · Zacks

22 Oct

Impact 4 · · TheStreet
Impact 3 · · Schaeffer's Investment Research

18 Oct

Impact 4 · · beincrypto.com

16 Oct

Impact 3 · · Zacks

15 Oct

Impact 4 · · Stocktwits
Impact 4 · · Zacks
Impact 3 · · Simply Wall St.

14 Oct

Impact 4 · · Trefis
Impact 4 · · Proactive Investors

TTWO metrics, ten years each

stockrow.com/TTWO · Data as of Nov 9, 2026 · For information only; not investment advice. · © 2026 stockrow.com