Keysight Technologies, Inc.

KEYS

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

10/31/2025

Revenue

5,375

Cost of Revenue

2,038

Gross Profit

3,337

Gross Margin

62.1%

Operating Income

948

Operating Margin

17.6%

Net Income

846

Net Margin

15.7%

EPS (Basic)

$4.90

EPS (Diluted)

$4.88

EBITDA

1,425

EBITDA Margin

26.5%

2024

10/31/2024

Revenue

4,979

Cost of Revenue

1,846

Gross Profit

3,133

Gross Margin

62.9%

Operating Income

833

Operating Margin

16.7%

Net Income

614

Net Margin

12.3%

EPS (Basic)

$3.53

EPS (Diluted)

$3.51

EBITDA

1,219

EBITDA Margin

24.5%

2023

10/31/2023

Revenue

5,464

Cost of Revenue

1,932

Gross Profit

3,532

Gross Margin

64.6%

Operating Income

1,358

Operating Margin

24.9%

Net Income

1,057

Net Margin

19.3%

EPS (Basic)

$5.94

EPS (Diluted)

$5.91

EBITDA

1,647

EBITDA Margin

30.1%

2022

10/31/2022

Revenue

5,420

Cost of Revenue

1,970

Gross Profit

3,450

Gross Margin

63.7%

Operating Income

1,334

Operating Margin

24.6%

Net Income

1,124

Net Margin

20.7%

EPS (Basic)

$6.24

EPS (Diluted)

$6.18

EBITDA

1,587

EBITDA Margin

29.3%

2021

10/31/2021

Revenue

4,941

Cost of Revenue

1,872

Gross Profit

3,069

Gross Margin

62.1%

Operating Income

1,080

Operating Margin

21.9%

Net Income

894

Net Margin

18.1%

EPS (Basic)

$4.83

EPS (Diluted)

$4.78

EBITDA

1,382

EBITDA Margin

28.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	5,375	4,979	5,464	5,420	4,941
Cost of Revenue	2,038	1,846	1,932	1,970	1,872
Gross Profit	3,337	3,133	3,532	3,450	3,069
Gross Margin	62.1%	62.9%	64.6%	63.7%	62.1%
Operating Income	948	833	1,358	1,334	1,080
Operating Margin	17.6%	16.7%	24.9%	24.6%	21.9%
Net Income	846	614	1,057	1,124	894
Net Margin	15.7%	12.3%	19.3%	20.7%	18.1%
EPS (Basic)	$4.90	$3.53	$5.94	$6.24	$4.83
EPS (Diluted)	$4.88	$3.51	$5.91	$6.18	$4.78
EBITDA	1,425	1,219	1,647	1,587	1,382
EBITDA Margin	26.5%	24.5%	30.1%	29.3%	28.0%