Trimble Inc. income statement
In fiscal 2025, Trimble Inc. reported revenue of $3.59bn, down 2.6% on the year before, operating income of $592m (a 16.5% margin) and net income of $424m, or $1.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Jan 2010 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Jan 2014 | 2014Jan 2015 | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Jan 2020 | 2020Jan 2021 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Jan 2025 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,126 | 1,294 | 1,644 | 2,040 | 2,288 | 2,396 | 2,290 | 2,362 | 2,654 | 3,132 | 3,271 | 3,152 | 3,659 | 3,676 | 3,799 | 3,683 | 3,587 | 3,783 |
| Cost of revenue | 576 | 648 | 814 | 994 | 1,084 | 1,105 | 1,088 | 1,124 | 1,262 | 1,427 | 1,483 | 1,393 | 1,624 | 1,571 | 1,466 | 1,287 | 1,109 | 1,143 |
| Gross profit | 550 | 646 | 830 | 1,046 | 1,204 | 1,291 | 1,202 | 1,235 | 1,378 | 1,681 | 1,781 | 1,755 | 2,035 | 2,106 | 2,333 | 2,396 | 2,478 | 2,640 |
| Research and development | 137 | 150 | 197 | 256 | 299 | 318 | 337 | 350 | 370 | 446 | 470 | 476 | 537 | 542 | 664 | 662 | 631 | 656 |
| Selling and marketing | 190 | 215 | 267 | 314 | 348 | 388 | 375 | 375 | 400 | 480 | 504 | 467 | 507 | 554 | 583 | 604 | 646 | 687 |
| General and administrative | 101 | 118 | 158 | 196 | 217 | 247 | 255 | 256 | 302 | 350 | 331 | 301 | 369 | 422 | 488 | 548 | 483 | 520 |
| Operating income | 86 | 128 | 156 | 213 | 252 | 261 | 154 | 180 | 236 | 321 | 376 | 420 | 561 | 511 | 449 | 461 | 592 | 643 |
| Interest expense | 2 | 2 | 9 | — | — | — | — | — | — | — | — | — | — | — | 161 | 91 | 74 | 80 |
| Net interest income | — | −1 | −7 | −16 | −18 | −19 | −26 | −26 | −25 | −73 | −82 | −78 | −65 | −71 | −161 | — | — | — |
| Income before tax | 88 | 141 | 167 | 229 | 253 | 266 | 152 | 176 | 248 | 278 | 345 | 395 | 575 | 569 | 357 | 2,006 | 509 | −4 |
| Income tax | 24 | 37 | 19 | 40 | 35 | 52 | 31 | 44 | 130 | −5 | −170 | 4 | 82 | 119 | 46 | 502 | 85 | 101 |
| Net income | 63 | 104 | 151 | 191 | 219 | 214 | 121 | 132 | 118 | 283 | 514 | 390 | 493 | 450 | 311 | 1,504 | 424 | −105 |
| Diluted EPS | $0.26 | $0.42 | $0.60 | $0.74 | $0.84 | $0.81 | $0.47 | $0.52 | $0.46 | $1.12 | $2.03 | $1.55 | $1.94 | $1.80 | $1.25 | $6.09 | $1.76 | −$0.44 |
| Diluted shares (average) | 244m | 248m | 252m | 257m | 261m | 265m | 259m | 254m | 257m | 253m | 253m | 252m | 254m | 250m | 249m | 247m | 242m | 238m |
| EBITDA | 105 | 146 | 177 | 236 | 278 | 294 | 191 | 217 | 270 | 356 | 415 | 460 | 602 | 683 | 699 | 693 | 792 | 845 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Jan 2025 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Oct 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 876 | 983 | 841 | 876 | 901 | 970 | 940 | 972 |
| Cost of revenue | 300 | 302 | 280 | 278 | 280 | 272 | 294 | 297 |
| Gross profit | 576 | 681 | 561 | 598 | 621 | 698 | 646 | 675 |
| Research and development | 156 | 175 | 159 | 163 | 153 | 156 | 170 | 177 |
| Selling and marketing | 147 | 167 | 153 | 158 | 159 | 176 | 176 | 176 |
| General and administrative | 128 | 138 | 122 | 118 | 118 | 127 | 127 | 150 |
| Operating income | 116 | 174 | 98 | 128 | 151 | 216 | 144 | 132 |
| Interest expense | 14 | 13 | 16 | 19 | 21 | 19 | 20 | 21 |
| Income before tax | 73 | 98 | 86 | 113 | 125 | 185 | 131 | −445 |
| Income tax | 33 | 8 | 20 | 24 | 14 | 28 | 32 | 27 |
| Net income | 41 | 90 | 67 | 89 | 112 | 157 | 99 | −472 |
| Diluted EPS | $0.16 | $0.36 | $0.27 | $0.37 | $0.46 | $0.66 | $0.42 | −$2.02 |
| EBITDA | 170 | 226 | 146 | 178 | 201 | 267 | 194 | 183 |
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