NICE · Nice Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.95B | $2.74B | $2.38B | $2.18B | $1.92B | $1.65B |
| Cost of Revenue | $989.25M | $909.52M | $768.17M | $683.69M | $624.46M | $561.95M |
| Gross Profit | $1.96B | $1.83B | $1.61B | $1.50B | $1.30B | $1.09B |
| R&D | $360.45M | $360.61M | $322.71M | $306.07M | $271.19M | $218.18M |
| SG&A | $288.81M | $276.94M | $252.29M | $246.53M | $225.41M | $180.73M |
| Total Operating Expenses | $1.31B | $1.28B | $1.17B | $1.16B | $1.03B | $844.02M |
| D&A | $199.04M | $205.02M | $167.36M | $176.55M | $184.09M | $182.03M |
| Operating Income | $645.76M | $545.95M | $435.23M | $335.17M | $263.91M | $242.05M |
| Interest Expense | $0 | $46.0K | $1.10M | $1.13M | $10.06M | $7.77M |
| Income Tax | $91.92M | $162.24M | $119.40M | $79.39M | $41.40M | $40.84M |
| Net Income | $612.10M | $439.50M | $336.50M | $265.10M | $199.57M | $196.67M |
| EPS - Basic | $9.82 | $6.97 | $5.32 | $4.17 | $3.15 | $3.13 |
| EPS - Diluted | $9.67 | $6.76 | $5.11 | $4.00 | $2.98 | $2.98 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $379.39M | $481.71M | $511.80M | $529.60M | $378.66M | $442.27M |
| Accounts Receivable | $737.95M | $643.99M | $585.15M | $518.52M | $395.58M | $303.10M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $100.78M | $110.60M | $66.04M | $56.02M | $36.12M | $33.13M |
| Current Assets | $1.38B | $2.50B | $2.31B | $2.42B | $2.30B | $1.94B |
| Total Assets | $5.11B | $5.30B | $5.12B | $4.85B | $4.71B | $4.23B |
| Current Liabilities | $887.63M | $1.47B | $1.12B | $1.14B | $1.27B | $1.04B |
| Long-term Debt | - | $0 | $457.08M | $455.38M | $429.27M | $421.34M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $3.88B | $3.59B | $3.34B | $3.04B | $2.83B | $2.56B |
| Retained Earnings | $3.31B | $2.70B | $2.26B | $1.93B | $1.65B | $1.45B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $716.55M | $832.64M | $561.43M | $479.71M | $461.82M | $480.31M |
| Investing Cash Flow | $159.96M | ($397.40M) | ($293.58M) | ($152.35M) | ($261.50M) | ($465.07M) |
| Financing Cash Flow | ($984.27M) | ($456.60M) | ($290.27M) | ($164.50M) | ($261.82M) | $196.84M |
| CapEx | $18.92M | $34.96M | $29.20M | $31.89M | $24.77M | $24.19M |
| Free Cash Flow | $697.63M | $797.68M | $532.23M | $447.82M | $437.05M | $456.12M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 66.4% | 66.7% | 67.7% | 68.7% | 67.5% | 65.9% |
| Operating margin | 21.9% | 20.0% | 18.3% | 15.4% | 13.7% | 14.7% |
| EBITDA margin | 28.7% | 27.5% | 25.3% | 23.5% | 23.3% | 25.7% |
| Net margin | 20.8% | 16.1% | 14.2% | 12.2% | 10.4% | 11.9% |
| Free cash flow margin | 23.7% | 29.2% | 22.4% | 20.5% | 22.7% | 27.7% |
| FCF / Net income | 1.14 | 1.81 | 1.58 | 1.69 | 2.19 | 2.32 |
| R&D / Revenue | 12.2% | 13.2% | 13.6% | 14.0% | 14.1% | 13.2% |
| SG&A / Revenue | 9.8% | 10.1% | 10.6% | 11.3% | 11.7% | 11.0% |
| Effective tax rate | 13.1% | 27.0% | 26.2% | 23.0% | 17.2% | 17.2% |
| Return on assets | 12.0% | 8.3% | 6.6% | 5.5% | 4.2% | 4.6% |
| Return on equity | 15.8% | 12.2% | 10.1% | 8.7% | 7.1% | 7.7% |
| Return on invested capital | - | 11.1% | 8.5% | 7.4% | 6.7% | 6.7% |
| Liquidity | ||||||
| Current ratio | 1.55 | 1.70 | 2.06 | 2.12 | 1.81 | 1.86 |
| Quick ratio | 1.55 | 1.70 | 2.06 | 2.12 | 1.81 | 1.86 |
| Cash ratio | 0.43 | 0.33 | 0.46 | 0.46 | 0.30 | 0.42 |
| Leverage | ||||||
| Debt / Equity | - | 0.00 | 0.14 | 0.15 | 0.15 | 0.16 |
| Debt / Assets | - | 0.00 | 0.09 | 0.09 | 0.09 | 0.10 |
| Debt / EBITDA | - | 0.00 | 0.76 | 0.89 | 0.96 | 0.99 |
| Interest coverage | - | 11868.6x | 395.3x | 297.4x | 26.2x | 31.2x |
| Equity multiplier | 1.32 | 1.48 | 1.53 | 1.60 | 1.67 | 1.65 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.58 | 0.52 | 0.46 | 0.45 | 0.41 | 0.39 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 91d | 86d | 90d | 87d | 75d | 67d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 37d | 44d | 31d | 30d | 21d | 22d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 7.7% | 15.0% | 9.0% | 13.5% | 16.6% | 4.7% |
| Revenue CAGR (3y) | 10.5% | 12.5% | 13.0% | 11.5% | 23.7% | 7.4% |
| Revenue CAGR (5y) | 12.3% | 11.7% | 18.5% | 10.4% | 13.6% | 12.2% |
| Gross profit growth (YoY) | 7.1% | 13.4% | 7.5% | 15.5% | 19.4% | 4.2% |
| Operating income growth (YoY) | 18.3% | 25.4% | 29.9% | 27.0% | 9.0% | 1.4% |
| Net income growth (YoY) | 39.3% | 30.6% | 26.9% | 32.8% | 1.5% | 5.8% |
| EPS growth (YoY) | 43.0% | 32.3% | 27.8% | 34.2% | 0.0% | 3.5% |
| EPS CAGR (3y) | 34.2% | 31.4% | 19.7% | 11.6% | 5.7% | 8.9% |
| EPS CAGR (5y) | 26.5% | 18.6% | 15.2% | 11.6% | 9.2% | -6.7% |
| FCF growth (YoY) | -12.5% | 49.9% | 18.8% | 2.5% | -4.2% | 31.5% |
| FCF CAGR (5y) | 8.9% | 18.1% | 7.8% | 18.9% | 17.8% | 14.9% |
| Book value growth (YoY) | 8.0% | 7.4% | 9.8% | 7.7% | 10.2% | 13.6% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing NICE Ltd. against the 5 most active filers in the same SIC group.