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Financial Statements

Income Statement (Annual)

Amounts in millions

2025

11/30/2025

Revenue

6,236

Cost of Revenue

5,059

Gross Profit

1,178

Gross Margin

18.9%

Operating Income

525

Operating Margin

8.4%

Net Income

429

Net Margin

6.9%

EPS (Basic)

$6.28

EPS (Diluted)

$6.15

EBITDA

595

EBITDA Margin

9.5%

2024

11/30/2024

Revenue

6,930

Cost of Revenue

5,447

Gross Profit

1,483

Gross Margin

21.4%

Operating Income

790

Operating Margin

11.4%

Net Income

655

Net Margin

9.5%

EPS (Basic)

$8.70

EPS (Diluted)

$8.45

EBITDA

888

EBITDA Margin

12.8%

2023

11/30/2023

Revenue

6,411

Cost of Revenue

5,019

Gross Profit

1,392

Gross Margin

21.7%

Operating Income

754

Operating Margin

11.8%

Net Income

590

Net Margin

9.2%

EPS (Basic)

$7.25

EPS (Diluted)

$7.03

EBITDA

808

EBITDA Margin

12.6%

2022

11/30/2022

Revenue

6,904

Cost of Revenue

5,213

Gross Profit

1,690

Gross Margin

24.5%

Operating Income

1,055

Operating Margin

15.3%

Net Income

817

Net Margin

11.8%

EPS (Basic)

$9.35

EPS (Diluted)

$9.09

EBITDA

1,104

EBITDA Margin

16.0%

2021

11/30/2021

Revenue

5,725

Cost of Revenue

4,469

Gross Profit

1,256

Gross Margin

21.9%

Operating Income

676

Operating Margin

11.8%

Net Income

565

Net Margin

9.9%

EPS (Basic)

$6.22

EPS (Diluted)

$6.01

EBITDA

724

EBITDA Margin

12.6%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	6,236	6,930	6,411	6,904	5,725
Cost of Revenue	5,059	5,447	5,019	5,213	4,469
Gross Profit	1,178	1,483	1,392	1,690	1,256
Gross Margin	18.9%	21.4%	21.7%	24.5%	21.9%
Operating Income	525	790	754	1,055	676
Operating Margin	8.4%	11.4%	11.8%	15.3%	11.8%
Net Income	429	655	590	817	565
Net Margin	6.9%	9.5%	9.2%	11.8%	9.9%
EPS (Basic)	$6.28	$8.70	$7.25	$9.35	$6.22
EPS (Diluted)	$6.15	$8.45	$7.03	$9.09	$6.01
EBITDA	595	888	808	1,104	724
EBITDA Margin	9.5%	12.8%	12.6%	16.0%	12.6%