In fiscal 2025, which ended Nov 2, 2025, Broadcom Inc. reported revenue of $63.9 billion, up 23.9% from the year before. Net income was $23.1 billion, a profit margin of 36.2%. Operating income came to $25.5 billion, an operating margin of 39.9%. Diluted earnings per share were $4.77. Over the twelve months ended Aug 2, 2026, revenue was $89.1 billion and net income was $38.3 billion. Across the 8 fiscal years shown, revenue grew from $20.8 billion in fiscal 2018 to $63.9 billion in fiscal 2025, about 17.3% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Aug 2, 2026
|
FY 2025
Nov 2, 2025
|
FY 2024
Nov 3, 2024
|
FY 2023
Oct 29, 2023
|
FY 2022
Oct 30, 2022
|
FY 2021
Oct 31, 2021
|
FY 2020
Nov 1, 2020
|
FY 2019
Nov 3, 2019
|
FY 2018
Nov 4, 2018
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
89,104
+48.7%
|
63,887
+23.9%
|
51,574
+44.0%
|
35,819
+7.9%
|
33,203
+21.0%
|
27,450
+14.9%
|
23,888
+5.7%
|
22,597
+8.4%
|
20,848
|
| Cost of revenue |
27,827
+40.0%
|
20,593
+8.0%
|
19,065
+71.3%
|
11,129
+0.2%
|
11,108
+4.7%
|
10,606
+2.3%
|
10,372
+2.6%
|
10,114
-0.0%
|
10,115
|
| Gross profit |
61,277
+53.0%
|
43,294
+33.2%
|
32,509
+31.7%
|
24,690
+11.7%
|
22,095
+31.2%
|
16,844
+24.6%
|
13,516
+8.3%
|
12,483
+16.3%
|
10,733
|
| Research and development |
11,836
+15.7%
|
10,977
+17.9%
|
9,310
+77.2%
|
5,253
+6.8%
|
4,919
+1.3%
|
4,854
-2.3%
|
4,968
+5.8%
|
4,696
+24.6%
|
3,768
|
| Selling, general and administrative |
4,177
+1.5%
|
4,211
-15.1%
|
4,959
+211.5%
|
1,592
+15.2%
|
1,382
+2.6%
|
1,347
-30.4%
|
1,935
+13.2%
|
1,709
+61.8%
|
1,056
|
| Restructuring and impairment |
423
-44.6%
|
591
-61.4%
|
1,533
+528.3%
|
244
+328.1%
|
57
-61.5%
|
148
-25.3%
|
198
-73.1%
|
736
+236.1%
|
219
|
| Operating income |
42,814
+89.4%
|
25,484
+89.3%
|
13,463
-16.9%
|
16,207
+13.9%
|
14,225
+67.0%
|
8,519
+112.2%
|
4,014
+16.6%
|
3,444
-32.9%
|
5,135
|
| Interest expense |
—
|
3,210
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other non-operating income (expense) |
771
+100.3%
|
455
+12.1%
|
406
-20.7%
|
512
+1048.1%
|
-54
-141.2%
|
131
-36.4%
|
206
-8.8%
|
226
+56.9%
|
144
|
| Pretax income |
40,469
+106.2%
|
22,729
+129.2%
|
9,916
-34.3%
|
15,097
+21.4%
|
12,434
+83.8%
|
6,765
+176.9%
|
2,443
+9.7%
|
2,226
-51.0%
|
4,545
|
| Income tax |
2,204
+172.1%
|
-397
-110.6%
|
3,748
+269.3%
|
1,015
+8.1%
|
939
+3137.9%
|
29
+105.6%
|
-518
-1.6%
|
-510
+93.7%
|
-8,084
|
| Net income |
38,265
+102.1%
|
23,126
+292.3%
|
5,895
-58.1%
|
14,082
+22.5%
|
11,495
+70.7%
|
6,736
+127.6%
|
2,960
+8.7%
|
2,724
-78.4%
|
12,610
|
| Basic EPS |
8.06
+100.0%
|
4.91
+286.6%
|
1.27
-62.5%
|
3.39
+23.7%
|
2.74
-82.5%
|
15.70
+137.2%
|
6.62
-2.2%
|
6.77
-76.9%
|
29.33
|
| Diluted EPS |
7.83
+100.1%
|
4.77
+287.8%
|
1.23
-62.7%
|
3.30
+24.5%
|
2.65
-82.3%
|
15.00
+137.0%
|
6.33
-1.6%
|
6.43
-77.4%
|
28.44
|
| Weighted average shares, basic |
4,747
+1.0%
|
4,712
+1.9%
|
4,624
+11.4%
|
4,149
+1.5%
|
4,089
+897.3%
|
410
+2.0%
|
402
+1.0%
|
398
-4.8%
|
418
|
| Weighted average shares, diluted |
4,885
+1.0%
|
4,853
+1.6%
|
4,778
+11.8%
|
4,272
+0.9%
|
4,232
+886.5%
|
429
+1.9%
|
421
+0.5%
|
419
-2.8%
|
431
|
| Other measures | |||||||||
| Depreciation and amortization |
632
+8.6%
|
574
-3.2%
|
593
+18.1%
|
502
-5.1%
|
529
-1.9%
|
539
-5.4%
|
570
+0.2%
|
569
+10.5%
|
515
|
| EBITDA |
43,446
+87.4%
|
26,058
+85.4%
|
14,056
-15.9%
|
16,709
+13.3%
|
14,754
+62.9%
|
9,058
+97.6%
|
4,584
+14.2%
|
4,013
-29.0%
|
5,650
|
| Interest coverage |
—
|
7.94x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | |||||||||
| Gross margin |
68.77%
|
67.77%
|
63.03%
|
68.93%
|
66.55%
|
61.36%
|
56.58%
|
55.24%
|
51.48%
|
| Operating margin |
48.05%
|
39.89%
|
26.10%
|
45.25%
|
42.84%
|
31.03%
|
16.80%
|
15.24%
|
24.63%
|
| Pretax margin |
45.42%
|
35.58%
|
19.23%
|
42.15%
|
37.45%
|
24.64%
|
10.23%
|
9.85%
|
21.80%
|
| Profit margin |
42.94%
|
36.20%
|
11.43%
|
39.31%
|
34.62%
|
24.54%
|
12.39%
|
12.05%
|
60.49%
|
| EBITDA margin |
48.76%
|
40.79%
|
27.25%
|
46.65%
|
44.44%
|
33.00%
|
19.19%
|
17.76%
|
27.10%
|
| Effective tax rate |
5.45%
|
-1.75%
|
37.80%
|
6.72%
|
7.55%
|
0.43%
|
-21.20%
|
-22.91%
|
-177.87%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- AVGO (Nasdaq)
- Fiscal year ends
- November 1
- Headquarters
- Palo Alto, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1730168
- Former names
- Broadcom Ltd (until Mar 9, 2018)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.