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Take TWO Interactive Software Inc (TTWO) stock

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NASDAQ: TTWO Nasdaq Interactive Home Entertainment Next results ~November 9, 2026

C Fundamentals grade

Take-Two Interactive Software develops, publishes and markets video games for console, mobile and personal computer, delivered via physical retail, digital download, online platforms and cloud streaming. Its titles appear under three labels: Rockstar Games, behind Grand Theft Auto and Red Dead Redemption; 2K, which publishes NBA 2K, BioShock, Borderlands, Civilization, Mafia and WWE 2K; and Zynga, maker of free-to-play mobile games such as Words With Friends, Toon Blast and Zynga Poker.

Substantially all revenue comes from selling this content, plus in-game virtual items, currency, add-on content and purchases, advertising within mobile titles, and live services. It sells through digital storefronts, platform partners, large retailers and third-party distributors; Apple, Sony, Google and Microsoft each account for more than 10% of net revenue.

The business runs as a single segment, with development studios in countries including Australia, Canada, Germany and the United States and sales operations across Japan, Singapore and the UK. It had 12,909 full-time employees on 31 March 2026, 9,998 of them in development. The Grand Theft Auto series has sold in over 465 million units worldwide, and Grand Theft Auto VI is planned for release on 19 November 2026.

Based on Take TWO Interactive Software Inc's 10-K filed May 22, 2026.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$49

Valuation models combined (2)

Base case. Range ~$40–$54. Weighted average of 2 models (growth cash-flow model, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Take TWO Interactive Software Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Take TWO Interactive Software files

Where Take TWO Interactive Software stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.69bn, up 15.3% on a year earlier, slower than 18.2% a quarter earlier. Free-cash-flow margin rose to 5.0% from -1.0% a year earlier. Operating margin widened to -2.4% from -72.2%. The diluted share count is up 4.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 6 financial-health checks. Our revenue-to-maturity cash-flow model value is $119 a share, against a share price of $205.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Take TWO Interactive Software Inc's trailing-twelve-month revenue grew 15.3% year on year, with a free-cash-flow margin of 5.0%. Where it lags: stock pay as % of revenue of 6.0% ranks 9 of 10 interactive home entertainment companies we cover.

Current signal Operating margin expanding: TTM operating margin reached -2.4%, up 69.7pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 15.3% over the last 12 months, against a median of 7.1% for interactive home entertainment companies we cover.
  • Margins widening. Operating margin is up 69.7 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -2.4%: costs exceed revenue.
  • Share dilution. Diluted shares rose 4.5% in a year.
  • Insiders selling. 10 insiders sold $165M of stock over the past 365 days and none bought (76% under pre-set trading plans).
  • Growth easing. The growth rate is 2.9 points lower than a quarter earlier.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 6.0% ranks 9 of 10 interactive home entertainment companies we cover (median 2.4%).

Latest results: FY2027 Q1

Filed August 7, 2026
Earnings per share
-$0.18 against an average estimate of -$0.21: beat by 13.9%
Revenue
$1.53bn, up 2.0% on a year earlier
Share reaction
+9.1% in the first session after the results on August 7, 2026, against +0.6% for the S&P 500
Guidance given
net Bookings $8bn to $8.2bn (Fiscal 2027); total net revenue $7,900m to $8,100m (Fiscal Year Ending March 31, 2027)
Next report
November 9, 2026; average EPS estimate $0.94

Take TWO Interactive Software's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.0%
  • 1 week-5.5%
  • 1 month-5.2%
  • This year-25.0%
  • 1 year-25.1%
  • 5 years+4.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.7B
Operating margin
-2.4%
Net margin
-4.8%
EPS (TTM, diluted)
$-1.73

Growth

Revenue growth
+15.3%
Change in growth rate
−2.9 pts
Share count change
+4.5%

Cash

Free cash flow (TTM)
$338M
FCF margin
5.0%
Stock pay % of revenue
6.0%

Earnings

Last results
August 7, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Insider trade
  3. Shareholder vote
  4. Insider trade
  5. Results
  6. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Take TWO Interactive Software Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Take TWO Interactive Software Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.86 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$54 ~$35–$71 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$40 ~$31–$51 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$49 ~$40–$54 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Take TWO Interactive Software Inc with Interactive Home Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$37.67$59.27$97.78$94.37$118.61$176.70$153.74$119.30$148.49$207.25$197.50$192.10
Market value$3.1bn$5.6bn$11.0bn$10.9bn$13.5bn$20.4bn$18.0bn$19.1bn$25.3bn$36.3bn$36.3bn$35.6bn
+ Net debt (− = net cash)−$261m−$675m−$801m−$827m−$1.4bn−$1.4bn−$1.7bn$2.3bn$2.3bn$2.2bn$985m$1.2bn
Enterprise value$2.9bn$4.9bn$10.2bn$10.0bn$12.2bn$19.0bn$16.2bn$21.3bn$27.6bn$38.5bn$37.3bn$36.8bn
Multiples
Price / sales 2.2x3.1x6.2x4.1x4.4x6.1x5.1x3.6x4.7x6.4x5.5x5.3x
Price / earnings —82.8x63.6x32.6x33.5x34.7x43.0x—————
Price / free cash flow 14.0x14.4x25.5x14.0x21.4x24.2x180.7x———78.7x105.4x
EV / EBITDA 160.3x40.2x57.0x40.7x25.7x27.8x30.3x———n/mn/m

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

37 /100

Weak moat

How hard Take TWO Interactive Software's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 10.0% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 50.0%, moving by 6.4 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 6.8%; its worst year was -72.2%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 7 of 10 years, at a median 9.5% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 59.4% over five years; stock-based pay has been a median 6.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (42 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $1.7bn and EPS of $0.94 (range $0.35 to $1.09) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.72 +206% $8.5bn +27%
Next $5.65 +229% $9.3bn +9%

Next year's EPS estimate has moved +4.0% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −16.3% on 90 days ago. In the last 30 days, 2 analysts raised Take TWO Interactive Software Inc's forecast and 2 cut it.

Consensus EPS forecast Take TWO Interactive Software Inc, last 90 days
$0.00 $2.00 $4.00 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.05 Current fiscal year, 60 days ago: $1.92 Current fiscal year, 30 days ago: $1.84 Current fiscal year, 7 days ago: $1.84 Current fiscal year, Now: $1.72 $1.72 Next fiscal year, 90 days ago: $5.43 Next fiscal year, 60 days ago: $5.29 Next fiscal year, 30 days ago: $5.29 Next fiscal year, 7 days ago: $5.28 Next fiscal year, Now: $5.65 $5.65

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.05$5.43
60 days ago $1.92$5.29
30 days ago $1.84$5.29
7 days ago $1.84$5.28
Now $1.72$5.65

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.21 −$0.18 +13.9%
Mar 2026 −$0.52 −$0.32 +38.2%
Dec 2025 −$0.27 −$0.50 −87.1%
Sept 2025 −$0.62 −$0.73 −17.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 7, 2026
  • Net Bookings Fiscal 2027 $8bn to $8.2bn Maintained
    “we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion.” source
  • Total net revenue Fiscal Year Ending March 31, 2027 $7,900m to $8,100m GAAP
    “Total net revenue $7,900 to $8,100 $100” source
  • Net Bookings Three Months Ending September 30, 2026 $1,620m to $1,670m New
    “Net Bookings $1,620 to $1,670” source
  • Total net revenue Three Months Ending September 30, 2026 $1,420m to $1,470m GAAP New
    “Total net revenue $1,420 to $1,470 $200” source
  • Diluted net income per share Fiscal Year Ending March 31, 2027 $0.55 to $0.75 GAAP
    “Diluted net income per share $0.55 to $0.75” source
  • Net (loss) income per share Three Months Ending September 30, 2026 $-0.84 to $-0.75 GAAP New
    “Net (loss) income per share $(0.84) to $(0.75)” source
Show 12 more items
  • Operating expenses Fiscal Year Ending March 31, 2027 $4,150m to $4,170m GAAP
    “Operating expenses $4,150 to $4,170 $(349) $(51)” source
  • Income before income taxes Fiscal Year Ending March 31, 2027 $159m to $219m GAAP
    “Income before income taxes $159 to $219 $110 $432 $618 $8” source
  • Net income Fiscal Year Ending March 31, 2027 $104m to $143m GAAP
    “Net income $104 to $143” source
  • Net cash provided by operating activities Fiscal Year Ending March 31, 2027 about $1,000m GAAP
    “Net cash provided by operating activities over $1,000” source
  • Capital expenditures Fiscal Year Ending March 31, 2027 about $290m GAAP
    “Capital expenditures approximately $290” source
  • EBITDA Fiscal Year Ending March 31, 2027 $993m to $1,053m Non-GAAP
    “EBITDA $993 to $1,053” source
  • Management reporting tax rate Fiscal Year Ending March 31, 2027 about 18% Non-GAAP
    “Management reporting tax rate anticipated to be 18%” source
  • Operating expenses Three Months Ending September 30, 2026 $1,009m to $1,019m GAAP New
    “Operating expenses $1,009 to $1,019 $(86) $(13)” source
  • (Loss) income before income taxes Three Months Ending September 30, 2026 $-224m to $-200m GAAP New
    “(Loss) income before income taxes $(224) to $(200) $190 $90 $149 $1” source
  • Net (loss) income Three Months Ending September 30, 2026 $-157m to $-140m GAAP New
    “Net (loss) income $(157) to $(140)” source
  • EBITDA Three Months Ending September 30, 2026 $-20m to $4m Non-GAAP New
    “EBITDA $(20) to $4” source
  • Management reporting tax rate Three Months Ending September 30, 2026 about 18% Non-GAAP New
    “Management reporting tax rate anticipated to be 18%” source

How earlier guidance turned out

  • Net (loss) income per share, Three Months Ending June 30, 2026 guided $-0.23 to $-0.15 Within range: $-0.18
  • Net (loss) income, Three Months Ending June 30, 2026 guided $-42m to $-27m Within range: $-34.1m
  • Total net revenue, Three Months Ending June 30, 2026 guided $1,450m to $1,500m Above range: $1,534m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

28 analysts, Nov 2026
Buy2796%
Hold14%
Sell00%

Monthly trend

  1. Nov 202632428
  2. Oct 202632529
  3. Sep 202632529
  4. Aug 202632529

Counts of recommendations published by analysts covering Take TWO Interactive Software Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.2%
of tradable shares
Days to cover
3.67
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.8%
of shares
Employees
12,909
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −25.1%

$256.37 on October 31, 2025 to $192.10

ThenNowEffect
Revenue (last 12 months) $5.8bn $6.7bn +15.3%
P/S multiple 7.8x 5.3x −32.1%
Share count 177m 185m −4.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +38.3%

$138.91 on November 3, 2023 to $192.10

ThenNowEffect
Revenue (last 12 months) $5.5bn $6.7bn +20.9%
P/S multiple 4.2x 5.3x +26.1%
Share count 168m 185m −9.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TTWO−15%−41%+55%+14%+39%−25%
Industry peers (median)−30%−46%−14%−0%−20%−48%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TTWO25%25%67%50%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TTWO−32%−49%−13%−20%−12%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 56% from February 8, 2021 to November 8, 2022. Getting back needed a 128% gain, reached on February 18, 2025, 833 days after the low.

Price behaviour

52-week range
$189.69 – $258.41
From 52-week high
−25.7%
vs 50-day average
−8.3%
vs 200-day average
−12.5%
Volatility (1 year)
34%
Beta vs S&P 500
0.64

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±6.8%
After a week
7 up, 5 down
typical move ±6.9%
After a month
8 up, 4 down
typical move ±8.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 7, 2026 +9.1% +0.6% +6.2% −8.3%
May 21, 2026 −3.8% +0.6% −5.3% +2.5%
February 3, 2026 −9.5% −1.3% −5.0% −4.2%
November 6, 2025 −8.9% −1.0% −6.8% −2.9%
August 7, 2025 −4.3% +0.7% +2.6% +9.5%
May 15, 2025 −1.2% +1.1% −1.5% +4.0%
February 6, 2025 +12.9% −0.6% +13.6% +9.2%
November 6, 2024 +9.2% +3.3% +10.9% +15.7%
August 8, 2024 +6.7% +2.8% +7.9% +15.2%
May 16, 2024 −0.2% −0.1% +2.9% +6.3%
February 8, 2024 −8.6% +0.6% −7.4% −14.0%
November 8, 2023 +7.3% −0.7% +12.9% +13.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Take TWO Interactive Software Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Take TWO Interactive Software Inc
$5B $5.5B $6B $6.5B $7B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $5.4B Revenue (TTM), FY24 Q3: $5.4B Revenue (TTM), FY24 Q4: $5.3B Revenue (TTM), FY25 Q1: $5.4B Revenue (TTM), FY25 Q2: $5.5B Revenue (TTM), FY25 Q3: $5.5B Revenue (TTM), FY25 Q4: $5.6B Revenue (TTM), FY26 Q1: $5.8B Revenue (TTM), FY26 Q2: $6.2B Revenue (TTM), FY26 Q3: $6.6B Revenue (TTM), FY26 Q4: $6.7B Revenue (TTM), FY27 Q1: $6.7B $6.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $5.4B
FY24 Q3 $5.4B
FY24 Q4 $5.3B
FY25 Q1 $5.4B
FY25 Q2 $5.5B
FY25 Q3 $5.5B
FY25 Q4 $5.6B
FY26 Q1 $5.8B
FY26 Q2 $6.2B
FY26 Q3 $6.6B
FY26 Q4 $6.7B
FY27 Q1 $6.7B
Revenue growth, TTM YoY Take TWO Interactive Software Inc
-10% 0% 10% 20% 30% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 25.6% Revenue growth, TTM YoY, FY24 Q3: 11.6% Revenue growth, TTM YoY, FY24 Q4: -0.0% Revenue growth, TTM YoY, FY25 Q1: -2.3% Revenue growth, TTM YoY, FY25 Q2: 0.4% Revenue growth, TTM YoY, FY25 Q3: 1.0% Revenue growth, TTM YoY, FY25 Q4: 5.3% Revenue growth, TTM YoY, FY26 Q1: 7.3% Revenue growth, TTM YoY, FY26 Q2: 14.0% Revenue growth, TTM YoY, FY26 Q3: 20.3% Revenue growth, TTM YoY, FY26 Q4: 18.2% Revenue growth, TTM YoY, FY27 Q1: 15.3% 15.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 25.6%
FY24 Q3 11.6%
FY24 Q4 -0.0%
FY25 Q1 -2.3%
FY25 Q2 0.4%
FY25 Q3 1.0%
FY25 Q4 5.3%
FY26 Q1 7.3%
FY26 Q2 14.0%
FY26 Q3 20.3%
FY26 Q4 18.2%
FY27 Q1 15.3%
Operating margin (TTM) Take TWO Interactive Software Inc
-80% -60% -40% -20% 0% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: -29.9% Operating margin (TTM), FY24 Q3: -29.3% Operating margin (TTM), FY24 Q4: -67.1% Operating margin (TTM), FY25 Q1: -66.1% Operating margin (TTM), FY25 Q2: -60.9% Operating margin (TTM), FY25 Q3: -61.0% Operating margin (TTM), FY25 Q4: -77.9% Operating margin (TTM), FY26 Q1: -72.2% Operating margin (TTM), FY26 Q2: -64.1% Operating margin (TTM), FY26 Q3: -59.3% Operating margin (TTM), FY26 Q4: -1.6% Operating margin (TTM), FY27 Q1: -2.4% -2.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 -29.9%
FY24 Q3 -29.3%
FY24 Q4 -67.1%
FY25 Q1 -66.1%
FY25 Q2 -60.9%
FY25 Q3 -61.0%
FY25 Q4 -77.9%
FY26 Q1 -72.2%
FY26 Q2 -64.1%
FY26 Q3 -59.3%
FY26 Q4 -1.6%
FY27 Q1 -2.4%
FCF margin (TTM) Take TWO Interactive Software Inc
-15% -10% -5% 0% 5% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: -4.6% FCF margin (TTM), FY24 Q3: -3.8% FCF margin (TTM), FY24 Q4: -2.9% FCF margin (TTM), FY25 Q1: -6.6% FCF margin (TTM), FY25 Q2: -10.2% FCF margin (TTM), FY25 Q3: -9.1% FCF margin (TTM), FY25 Q4: -3.8% FCF margin (TTM), FY26 Q1: -1.0% FCF margin (TTM), FY26 Q2: 3.3% FCF margin (TTM), FY26 Q3: 7.4% FCF margin (TTM), FY26 Q4: 6.9% FCF margin (TTM), FY27 Q1: 5.0% 5.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 -4.6%
FY24 Q3 -3.8%
FY24 Q4 -2.9%
FY25 Q1 -6.6%
FY25 Q2 -10.2%
FY25 Q3 -9.1%
FY25 Q4 -3.8%
FY26 Q1 -1.0%
FY26 Q2 3.3%
FY26 Q3 7.4%
FY26 Q4 6.9%
FY27 Q1 5.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Oct 2009 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 701 1,137 826 1,214 2,351 1,083 1,414 1,780 1,793 2,668 3,089 3,373 3,505 5,350 5,350 5,634 6,656 6,687
Gross profit 233 447 297 499 936 288 600 757 895 1,145 1,547 1,838 1,969 2,285 2,242 3,062 3,810 3,747
EBITDA −103 92 −72 16 429 −237 18 122 180 247 473 685 535 −1,043 −3,419 −4,162 94 35
Operating income −120 77 −84 5 415 −258 −11 91 136 207 425 629 474 −1,165 −3,591 −4,391 −104 −161
Net income −140 48 −109 −29 362 −279 −8 67 174 334 404 589 418 −1,125 −3,744 −4,479 −298 −320
Diluted EPS −$1.83 $0.56 −$1.31 −$0.34 $3.20 −$3.48 −$0.10 $0.72 $1.54 $2.90 $3.54 $5.09 $3.58 −$7.03 −$22.01 −$25.58 −$1.62 −$1.73
Growth (year on year)
Revenue −43.1% +62.2% −27.4% +47.1% +93.5% −53.9% +30.5% +25.9% +0.7% +48.8% +15.8% +9.2% +3.9% +52.6% −0.0% +5.3% +18.2% +15.3%
EBITDA −177.5% — −178.3% — — −155.4% — — +47.2% +37.5% +91.7% +44.7% −21.9% −295.0% — — — —
Operating income −208.2% — −209.2% — — −162.2% — — +48.5% +52.4% +105.8% +48.0% −24.8% −346.0% — — — —
Net income −244.7% — −324.6% — — −177.3% — — +157.8% +92.4% +21.2% +45.6% −29.0% −369.1% — — — —
Diluted EPS −246.4% — −333.9% — — −208.8% — — +113.9% +88.3% +22.1% +43.8% −29.7% −296.4% — — — —
Margins
Gross margin 33.3% 39.4% 36.0% 41.1% 39.8% 26.6% 42.4% 42.5% 49.9% 42.9% 50.1% 54.5% 56.2% 42.7% 41.9% 54.4% 57.2% 56.0%
EBITDA margin −14.6% 8.1% −8.7% 1.3% 18.2% −21.9% 1.3% 6.9% 10.0% 9.3% 15.3% 20.3% 15.3% −19.5% −63.9% −73.9% 1.4% 0.5%
Operating margin −17.1% 6.8% −10.2% 0.4% 17.7% −23.9% −0.8% 5.1% 7.6% 7.7% 13.8% 18.7% 13.5% −21.8% −67.1% −77.9% −1.6% −2.4%
Net margin −20.0% 4.3% −13.2% −2.4% 15.4% −25.8% −0.6% 3.8% 9.7% 12.5% 13.1% 17.5% 11.9% −21.0% −70.0% −79.5% −4.5% −4.8%
Free-cash-flow margin −31.6% 11.0% −11.6% −1.8% 28.5% 15.1% 15.8% 21.7% 24.1% 29.1% 20.5% 25.0% 2.8% −3.8% −2.9% −3.8% 6.9% 5.0%
Cash flow
Cash from operations −210 135 −85 −5 700 213 261 408 494 844 686 912 258 1 −16 −45 624 500
Capital spending 11 10 11 17 30 50 37 21 62 67 53 69 159 204 142 169 163 163
Free cash flow −221 125 −96 −21 670 163 224 387 432 777 632 843 99 −203 −158 −215 462 338
Stock-based pay 26 29 33 36 78 65 70 82 116 248 258 111 183 318 336 324 305 401
Free cash flow after stock pay −247 96 −129 −57 592 98 154 305 316 529 374 733 −84 −521 −493 −539 156 −64
Balance sheet
Cash — 280 420 403 935 911 799 943 809 827 1,358 1,423 1,732 827 754 1,456 1,546 1,365
Total debt 97 107 388 388 538 538 538 268 8 0 0 0 0 3,094 3,101 3,679 2,530 2,531
Net debt (negative = net cash) — −173 −32 −15 −398 −374 −261 −675 −801 −827 −1,358 −1,423 −1,732 2,267 2,347 2,222 985 1,166
Diluted shares 77m 81m 83m 86m 95m 80m 83m 94m 113m 115m 114m 116m 117m 160m 170m 175m 184m 185m
Returned to shareholders
Buybacks — — — — 277 0 27 0 155 362 0 0 200 0 0 — — —
Total returned — — — — 277 0 27 0 155 362 0 0 200 0 0 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 30, 2026
What it owns · $9.1bn
Short-term assets $3.0bnLonger-term assets $6.1bn
What it owes, and who funded it · $9.1bn
Short-term liabilities $2.8bnLonger-term liabilities $2.7bnShareholders' equity $3.6bn
  • Short-term assets cover short-term liabilities $3.0bn of assets due within a year against $2.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.0bn short-term assets against $2.7bn of longer-dated liabilities.
  • More cash than debt $1.4bn of cash against $2.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 70% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $500m of operating cash flow against $2.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$161m against $145m of interest.

From Take TWO Interactive Software Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+4.5%
year over year
R&D spending
16.3%
of revenue
Days sales outstanding
33 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive home entertainment
Last 12 months unless stated TTWO RBLX NTES GDEV INSE MYPS Median
Revenue, last 12 months $6.7bn $5.9bn $15.7bn $404m $281m $226m $166m
Revenue growth, last 12 months 15.3% 32.1% 7.1% −3.9% −6.5% −13.3% 1.6%
Revenue growth, 3-year average 6.5% 30.9% 114.4% — −1.9% −9.9% 16.5%
Revenue growth, latest quarter 2.0% 15.6% — — −24.3% −7.3% 2.0%
Gross margin 56.0% 79.3% 64.3% — 59.6% — 57.8%
Operating margin −2.4% −19.8% 31.8% 17.6% 14.3% −17.9% −5.6%
Operating margin, 3-year average −46.9% −26.6% 26.6% — 11.3% −11.6% −11.6%
Net margin −4.8% −16.5% 30.0% 17.1% −3.3% −20.6% −4.9%
Cash from operations / revenue 7.5% 33.1% 45.1% 7.3% 14.5% 8.3% 7.9%
Free-cash-flow margin 5.0% 26.6% 44.1% 7.2% 6.2% 8.0% 6.7%
Free-cash-flow margin, 3-year average −0.9% 23.5% 31.3% — 6.0% 12.5% 6.0%
Stock pay / revenue 6.0% 19.6% 3.2% 0.2% 2.3% 4.4% 2.4%
Change in share count 4.5% 4.9% −0.4% −0.2% −0.4% 1.4% 1.4%

Median of all 12 companies we cover in interactive home entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 interactive home entertainment companies
Measure Company Peer median Rank
Revenue growth Growth 15.3% 7.1% 5 of 12
Change in growth rate Growth -2.9pp +2.6pp 7 of 12
Gross margin Profitability 56.0% 56.0% 5 of 9
Operating margin Profitability -2.4% -2.4% 6 of 12
Net margin Profitability -4.8% -4.8% 6 of 12
Free-cash-flow margin Cash generation 5.0% 7.2% 8 of 12
Stock pay as % of revenue Cash generation 6.0% 2.4% 9 of 10
Long-term debt as % of assets Balance sheet 20.8% 10.0% 4 of 5
Change in share count Balance sheet 4.5% 3.6% 8 of 10
Days sales outstanding Balance sheet 33 days 33 days 7 of 10

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue YoY
Digital Online $6.5B ▲ 18.9%
Game $6.2B ▲ 19.2%
Recurrent Customer Spending $5.2B ▲ 16.1%
Mobile $3.3B ▲ 13.3%
Console $2.6B ▲ 23.7%
Full Game and Other $1.5B ▲ 26.0%
PC and Other Products $726M ▲ 22.5%
Advertising $494M ▲ 6.1%
Physical Retail and Other $197M ▼ 2.5%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $3.9B 59.2% ▲ 15.7%
Outside the US $2.7B 40.8% ▲ 22.0%

From Take TWO Interactive Software Inc's 10-K filed May 22, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$43.5B
Institutions reporting
1,110
Shares held vs prior quarter
▲ 4.1%
Positions opened / closed
167 / 104

Top buyers and sellers, Q2 2026: 620 institutions bought and 424 sold ; the biggest buyer was Citadel Advisors LLC (+1.2M shares) and the biggest seller 1832 Asset Management L.P (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $4.6B 18.2M 10.5% ▼ 5.1%
Vanguard Capital Management LLC $2.9B 11.5M 6.6% ▲ 0.7%
Saudi Electronic Games Holding Co $2.9B 11.4M 6.6% 0.0%
Jpmorgan Chase & Co $2.7B 11.0M 6.3% ▲ 11.0%
State Street Corp $2.7B 10.9M 6.3% ▼ 9.4%
Vanguard Portfolio Management LLC $2.3B 9.0M 5.2% ▲ 2.5%
Invesco Ltd. $1.6B 6.3M 3.6% 0.0%
Geode Capital Management, LLC $1.3B 5.1M 2.9% ▲ 3.9%
Ameriprise Financial Inc $844M 3.4M 1.9% ▲ 58.1%
Norges Bank $841M 3.4M 1.9% —
Massachusetts Financial Services Co $813M 3.2M 1.9% ▼ 25.5%
Morgan Stanley $710M 2.8M 1.6% ▲ 7.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Take TWO Interactive Software Inc's complete shareholder register. Values are as reported by the filers ; 6 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $165M 93 trades by 10 insiders · 76% under pre-set plans
Net ▼ $165M net selling
Insider Date Trade Shares Price Value
Siminoff Ellen F Director October 15, 2026 Sell pre-set plan 167 $202.92 $33,888
Sheresky Michael Director October 2, 2026 Sell pre-set plan 484 $203.69 $98,586
Gordon William B Director September 29, 2026 Sell pre-set plan 6,002 $202.75 $1.2M
Gordon William B Director September 29, 2026 Sell pre-set plan 2,946 $202.18 $595,622
Gordon William B Director September 29, 2026 Sell pre-set plan 1,052 $200.92 $211,368
Siminoff Ellen F Director September 15, 2026 Sell pre-set plan 167 $219.53 $36,662
Emerson Daniel P Chief Legal Officer September 3, 2026 Sell pre-set plan 744 $217.03 $161,470
Goldstein Lainie Chief Financial Officer September 2, 2026 Sell pre-set plan 1,335 $217.65 $290,563
Emerson Daniel P Chief Legal Officer September 2, 2026 Sell pre-set plan 917 $217.65 $199,585
Sheresky Michael Director August 17, 2026 Sell pre-set plan 127 $245.01 $31,116
Srinivasan Laverne Evans Director August 17, 2026 Sell 362 $245.01 $88,694
Siminoff Ellen F Director August 14, 2026 Sell pre-set plan 167 $242.34 $40,471

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 15 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 2 sales of Take TWO Interactive Software Inc shares.

  • Thomas H. Kean, Jr.(R-NJ 7):Sale (full), $1,001 - $15,000, traded April 21, 2026, filed May 22, 2026
  • Julia Letlow(R-LA 5):Sale (full), $1,001 - $15,000, traded February 12, 2026, filed March 12, 2026
  • Julia Letlow(R-LA 5):Purchase, $1,001 - $15,000, traded July 29, 2025, filed January 13, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 7, 2026
  • May 21, 2026
  • February 3, 2026
  • November 6, 2025
  • August 7, 2025
  • May 15, 2025

Recent SEC filings

Data status

When each part of this page on Take TWO Interactive Software Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Take TWO Interactive Software Inc in brief

What does Take TWO Interactive Software Inc do?
Take TWO Interactive Software Inc is a US-listed company in the interactive home entertainment industry. Its financial year ends in March.
What is Take TWO Interactive Software Inc's stock ticker?
Take TWO Interactive Software Inc trades under the ticker TTWO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Take TWO Interactive Software Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Take TWO Interactive Software Inc reported revenue of $6.7B, 15.3% higher than a year earlier, according to its SEC filings.
What is Take TWO Interactive Software Inc's free cash flow?
Take TWO Interactive Software Inc's free-cash-flow margin is 5.0% of revenue over the trailing twelve months, ranking 8 of the 12 interactive home entertainment companies we cover.
Who are Take TWO Interactive Software Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Saudi Electronic Games Holding Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Take TWO Interactive Software Inc's market cap?
On November 2, 2026, Take TWO Interactive Software Inc's market capitalisation was about $35.6B and net debt of $1.2B. Market figures come from third-party market data and may be delayed.
How much debt does Take TWO Interactive Software Inc have?
Take TWO Interactive Software Inc's debt-to-equity ratio is 69.8%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Take TWO Interactive Software Inc's competitors?
In our Interactive Home Entertainment peer group, the companies closest to Take TWO Interactive Software Inc are Roblox Corp, Netease, Inc., Gdev Inc., Inspired Entertainment, Inc. and Playstudios, Inc. The side-by-side comparison below sets their revenue, margins and growth against Take TWO Interactive Software Inc's.
Are insiders buying or selling Take TWO Interactive Software Inc stock?
Over the last 12 months, Take TWO Interactive Software Inc's directors and officers reported 0 open-market purchases and 93 sales on Form 4. The insider trading page charts every trade.
When is Take TWO Interactive Software Inc's next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Take TWO Interactive Software Inc announces its own schedule.