In fiscal 2025, which ended Sep 26, 2025, Dolby Laboratories, Inc. reported revenue of $1.3 billion, up 5.9% from the year before. Net income was $255.0 million, a profit margin of 18.9%. Operating income came to $265.0 million, an operating margin of 19.6%. Diluted earnings per share were $2.62. Over the twelve months ended Jun 26, 2026, revenue was $1.4 billion and net income was $226.2 million. Across the 10 fiscal years shown, revenue grew from $1.0 billion in fiscal 2016 to $1.3 billion in fiscal 2025, about 3.1% 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
Jun 26, 2026
|
FY 2025
Sep 26, 2025
|
FY 2024
Sep 27, 2024
|
FY 2023
Sep 29, 2023
|
FY 2022
Sep 30, 2022
|
FY 2021
Sep 24, 2021
|
FY 2020
Sep 25, 2020
|
FY 2019
Sep 27, 2019
|
FY 2018
Sep 28, 2018
|
FY 2017
Sep 29, 2017
|
FY 2016
Sep 30, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1,354
+0.6%
|
1,349
+5.9%
|
1,274
-2.0%
|
1,300
+3.7%
|
1,254
-2.1%
|
1,281
+10.3%
|
1,162
-6.4%
|
1,242
+17.7%
|
1,055
-2.4%
|
1,080
+5.3%
|
1,026
+5.7%
|
| Cost of revenue |
168
+8.5%
|
160
+14.0%
|
140
-7.9%
|
153
+7.9%
|
141
+8.7%
|
130
-11.2%
|
146
-8.9%
|
161
+26.1%
|
128
+7.6%
|
119
+8.8%
|
109
+14.9%
|
| Gross profit |
1,187
-0.5%
|
1,189
+4.9%
|
1,133
-1.2%
|
1,147
+3.1%
|
1,112
-3.4%
|
1,151
+13.4%
|
1,015
-6.1%
|
1,081
+16.6%
|
927
-3.6%
|
962
+4.9%
|
917
+4.7%
|
| Research and development |
266
+1.1%
|
262
-0.7%
|
264
-2.9%
|
272
+4.0%
|
261
+3.0%
|
254
+6.1%
|
239
+0.5%
|
238
+0.5%
|
237
+1.5%
|
233
+6.2%
|
220
+9.1%
|
| Selling, general and administrative |
659
+2.9%
|
647
+7.0%
|
605
-1.3%
|
613
-3.3%
|
634
+13.9%
|
557
+0.2%
|
556
+1.2%
|
549
+8.3%
|
507
+8.3%
|
468
+0.9%
|
464
+0.6%
|
| Restructuring and impairment |
23
+199.6%
|
15
+135.1%
|
6
-86.4%
|
47
+343.0%
|
11
+3.7%
|
10
+462.3%
|
2
-95.0%
|
37
+8296.9%
|
-0
-103.5%
|
13
+942.7%
|
1
+1641.3%
|
| Operating expenses |
947
+4.0%
|
924
+5.6%
|
875
-6.1%
|
931
+2.8%
|
906
|
—
|
797
-3.3%
|
824
+10.8%
|
744
+4.1%
|
715
+4.3%
|
685
+3.4%
|
| Operating income |
239
-15.1%
|
265
+2.6%
|
258
+19.7%
|
216
+4.4%
|
207
-40.0%
|
344
+57.4%
|
219
-14.9%
|
257
+40.1%
|
184
-25.7%
|
247
+6.6%
|
232
+8.7%
|
| Other income (expense) |
38
-5.6%
|
39
-28.9%
|
54
+57.9%
|
34
+295.4%
|
9
-14.3%
|
10
-51.7%
|
21
-16.9%
|
25
+96.1%
|
13
+60.6%
|
8
+95.0%
|
4
-87.4%
|
| Pretax income |
277
-13.9%
|
303
-2.9%
|
312
+25.0%
|
250
+16.2%
|
215
-39.3%
|
355
+47.9%
|
240
-15.1%
|
282
+43.8%
|
196
-23.0%
|
255
+8.2%
|
236
-4.0%
|
| Income tax |
49
-12.7%
|
47
-2.4%
|
48
-0.5%
|
48
+54.3%
|
31
-14.5%
|
37
+353.2%
|
8
-69.8%
|
27
-82.6%
|
154
+220.7%
|
48
-3.0%
|
50
-20.8%
|
| Net income |
226
-14.4%
|
255
-2.6%
|
262
+30.5%
|
201
+9.0%
|
184
-40.7%
|
310
+34.1%
|
231
-9.3%
|
255
+511.2%
|
42
-79.8%
|
206
+11.1%
|
186
+2.5%
|
| Basic EPS |
2.38
-13.8%
|
2.66
-2.9%
|
2.74
+30.5%
|
2.10
+14.1%
|
1.84
-40.1%
|
3.07
+33.5%
|
2.30
-8.4%
|
2.51
+527.5%
|
0.40
-80.3%
|
2.03
+9.7%
|
1.85
+4.5%
|
| Diluted EPS |
2.35
-13.3%
|
2.62
-2.6%
|
2.69
+31.2%
|
2.05
+13.3%
|
1.81
-39.1%
|
2.97
+32.0%
|
2.25
-7.8%
|
2.44
+525.6%
|
0.39
-80.5%
|
2.00
+10.5%
|
1.81
+3.4%
|
| Weighted average shares, basic |
95
-0.7%
|
96
+0.3%
|
96
-0.2%
|
96
-4.2%
|
100
-1.2%
|
101
+0.6%
|
101
-1.0%
|
102
-1.7%
|
103
+1.6%
|
102
+1.1%
|
101
-1.6%
|
| Weighted average shares, diluted |
96
-1.2%
|
97
+0.2%
|
97
-0.4%
|
98
-4.2%
|
102
-2.5%
|
105
+1.6%
|
103
-1.6%
|
105
-2.2%
|
107
+3.6%
|
103
+0.8%
|
102
-1.4%
|
| Other measures | |||||||||||
| Depreciation and amortization |
93
+6.5%
|
88
+16.2%
|
76
-8.5%
|
83
-6.7%
|
88
-7.7%
|
96
+5.5%
|
91
+6.8%
|
85
+4.7%
|
81
-3.6%
|
84
-1.0%
|
85
+23.2%
|
| EBITDA |
332
-10.0%
|
353
+5.7%
|
334
+11.9%
|
298
+1.1%
|
295
-33.0%
|
440
+42.2%
|
310
-9.5%
|
342
+29.2%
|
265
-20.1%
|
331
+4.6%
|
317
+12.2%
|
| Interest coverage |
—
|
—
|
—
|
—
|
524.38x
|
718.98x
|
1,176.03x
|
1,512.22x
|
926.79x
|
1,945.93x
|
1,854.36x
|
| Margins | |||||||||||
| Gross margin |
87.61%
|
88.13%
|
88.97%
|
88.26%
|
88.73%
|
89.85%
|
87.39%
|
87.04%
|
87.90%
|
89.03%
|
89.38%
|
| Operating margin |
17.65%
|
19.64%
|
20.28%
|
16.60%
|
16.48%
|
26.88%
|
18.83%
|
20.70%
|
17.40%
|
22.88%
|
22.60%
|
| Pretax margin |
20.44%
|
22.49%
|
24.53%
|
19.24%
|
17.17%
|
27.67%
|
20.63%
|
22.74%
|
18.62%
|
23.62%
|
23.00%
|
| Profit margin |
16.70%
|
18.90%
|
20.56%
|
15.44%
|
14.68%
|
24.21%
|
19.91%
|
20.55%
|
3.96%
|
19.12%
|
18.12%
|
| EBITDA margin |
24.51%
|
26.15%
|
26.21%
|
22.95%
|
23.53%
|
34.36%
|
26.65%
|
27.56%
|
25.11%
|
30.68%
|
30.90%
|
| Effective tax rate |
17.63%
|
15.48%
|
15.41%
|
19.36%
|
14.58%
|
10.35%
|
3.38%
|
9.49%
|
78.46%
|
18.83%
|
20.98%
|
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
- Patent Owners & Lessors (SIC 6794)
- Listed as
- DLB (NYSE)
- Fiscal year ends
- September 27
- Incorporated in
- DE
- Headquarters
- San Francisco, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1308547
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.