Stocks · Industrials · Special Industry Machinery, NEC

ASML HOLDING NV

ASML Clue Score79
Netherlands Fiscal year ends December CIK 0000937966
$1,780.34 +0.60% Close, 9 Oct 2026
Price $1,780.34 +146.62% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue6.88Operating income1.76Net income1.56EPS, diluted3.64Fiscal year 2017Revenue8.96 +30.4%Operating income2.44Net income2.07 +32.7%EPS, diluted4.79 +31.6%Fiscal year 2018Revenue10.94 +22.1%Operating income2.97Net income2.59 +25.4%EPS, diluted6.08 +26.9%Fiscal year 2019Revenue11.82 +8.0%Operating income2.79Net income2.59 +0.0%EPS, diluted6.15 +1.2%Fiscal year 2020Revenue13.98 +18.3%Operating income4.05Net income3.55 +37.1%EPS, diluted8.48 +37.9%Fiscal year 2021Revenue18.61 +33.1%Operating income6.75Net income5.88 +65.6%EPS, diluted14.34 +69.1%Fiscal year 2022Revenue21.17 +13.8%Operating income6.50Net income5.62 −4.4%EPS, diluted14.13 −1.5%Fiscal year 2023Revenue27.56 +30.2%Operating income9.04Net income7.84 +39.4%EPS, diluted19.89 +40.8%Fiscal year 2024Revenue28.26 +2.6%Operating income9.02Net income7.57 −3.4%EPS, diluted19.24 −3.3%Fiscal year 2025Revenue32.67 +15.6%Operating income11.30Net income9.61 +26.9%EPS, diluted24.71 +28.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.88 8.96 10.94 11.82 13.98 18.61 21.17 27.56 28.26 32.67
Growth +30.4% +22.1% +8.0% +18.3% +33.1% +13.8% +30.2% +2.6% +15.6%
Operating income 1.76 2.44 2.97 2.79 4.05 6.75 6.50 9.04 9.02 11.30
Net income 1.56 2.07 2.59 2.59 3.55 5.88 5.62 7.84 7.57 9.61
Growth +32.7% +25.4% +0.0% +37.1% +65.6% −4.4% +39.4% −3.4% +26.9%
EPS, diluted 3.64 4.79 6.08 6.15 8.48 14.34 14.13 19.89 19.24 24.71
Growth +31.6% +26.9% +1.2% +37.9% +69.1% −1.5% +40.8% −3.3% +28.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin45.7%Operating margin25.6%Net margin22.7%Free cash flow margin19.6%Fiscal year 2017Gross margin44.9%Operating margin27.2%Net margin23.1%Free cash flow margin16.5%Fiscal year 2018Gross margin46.0%Operating margin27.1%Net margin23.7%Free cash flow margin22.8%Fiscal year 2019Gross margin44.7%Operating margin23.6%Net margin21.9%Free cash flow margin21.2%Fiscal year 2020Gross margin48.6%Operating margin29.0%Net margin25.4%Free cash flow margin26.2%Fiscal year 2021Gross margin52.7%Operating margin36.3%Net margin31.6%Free cash flow margin53.4%Fiscal year 2022Gross margin50.5%Operating margin30.7%Net margin26.6%Free cash flow margin34.0%Fiscal year 2023Gross margin51.3%Operating margin32.8%Net margin28.4%Free cash flow margin11.9%Fiscal year 2024Gross margin51.3%Operating margin31.9%Net margin26.8%Free cash flow margin32.2%Fiscal year 2025Gross margin52.8%Operating margin34.6%Net margin29.4%Free cash flow margin33.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 45.7% 44.9% 46.0% 44.7% 48.6% 52.7% 50.5% 51.3% 51.3% 52.8%
Operating margin 25.6% 27.2% 27.1% 23.6% 29.0% 36.3% 30.7% 32.8% 31.9% 34.6%
Net margin 22.7% 23.1% 23.7% 21.9% 25.4% 31.6% 26.6% 28.4% 26.8% 29.4%
Free cash flow margin 19.6% 16.5% 22.8% 21.2% 26.2% 53.4% 34.0% 11.9% 32.2% 33.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.67Capital expenditure−0.32Free cash flow1.35Buybacks−0.40Dividends paid−0.45Fiscal year 2017Operating cash flow1.82Capital expenditure−0.34Free cash flow1.48 +9.6%Buybacks−0.50Dividends paid−0.52Fiscal year 2018Operating cash flow3.07Capital expenditure−0.57Free cash flow2.50 +68.9%Buybacks−1.15Dividends paid−0.60Fiscal year 2019Operating cash flow3.28Capital expenditure−0.77Free cash flow2.51 +0.4%Buybacks−0.41Fiscal year 2020Operating cash flow4.63Capital expenditure−0.96Free cash flow3.67 +46.1%Buybacks−1.21Fiscal year 2021Operating cash flow10.85Capital expenditure−0.90Free cash flow9.95 +171.3%Buybacks−8.56Fiscal year 2022Operating cash flow8.49Capital expenditure−1.28Free cash flow7.21 −27.6%Buybacks−4.64Fiscal year 2023Operating cash flow5.44Capital expenditure−2.16Free cash flow3.29 −54.4%Buybacks−1.00Fiscal year 2024Operating cash flow11.17Capital expenditure−2.07Free cash flow9.10 +176.8%Buybacks−0.50Fiscal year 2025Operating cash flow12.66Capital expenditure−1.57Free cash flow11.08 +21.8%Buybacks−5.95
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.67 1.82 3.07 3.28 4.63 10.85 8.49 5.44 11.17 12.66
Capital expenditure −0.32 −0.34 −0.57 −0.77 −0.96 −0.90 −1.28 −2.16 −2.07 −1.57
Free cash flow 1.35 1.48 2.50 2.51 3.67 9.95 7.21 3.29 9.10 11.08
Growth +9.6% +68.9% +0.4% +46.1% +171.3% −27.6% −54.4% +176.8% +21.8%
Buybacks −0.40 −0.50 −1.15 −0.41 −1.21 −8.56 −4.64 −1.00 −0.50 −5.95
Dividends paid −0.45 −0.52 −0.60 n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.91Total debt3.04Net cash (debt)−0.13Shareholders’ equity9.97Debt to equity0.30Fiscal year 2017Cash2.26Total debt3.01Net cash (debt)−0.75Shareholders’ equity10.69Debt to equity0.28Fiscal year 2018Cash3.12Total debt3.03Net cash (debt)0.09Shareholders’ equity11.64Debt to equity0.26Fiscal year 2019Cash3.53Total debt3.11Net cash (debt)0.42Shareholders’ equity12.59Debt to equity0.25Fiscal year 2020Cash6.05Total debt4.68Net cash (debt)1.37Shareholders’ equity13.87Debt to equity0.34Fiscal year 2021Cash6.95Total debt4.58Net cash (debt)2.37Shareholders’ equity10.14Debt to equity0.45Fiscal year 2022Cash7.27Total debt4.26Net cash (debt)3.01Shareholders’ equity8.81Debt to equity0.48Fiscal year 2023Cash7.00Total debt4.63Net cash (debt)2.37Shareholders’ equity13.45Debt to equity0.34Fiscal year 2024Cash12.74Total debt4.69Net cash (debt)8.05Shareholders’ equity18.48Debt to equity0.25Fiscal year 2025Cash12.92Total debt4.39Net cash (debt)8.53Shareholders’ equity19.61Debt to equity0.22
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.91 2.26 3.12 3.53 6.05 6.95 7.27 7.00 12.74 12.92
Total debt 3.04 3.01 3.03 3.11 4.68 4.58 4.26 4.63 4.69 4.39
Net cash (debt) −0.13 −0.75 0.09 0.42 1.37 2.37 3.01 2.37 8.05 8.53
Shareholders’ equity 9.97 10.69 11.64 12.59 13.87 10.14 8.81 13.45 18.48 19.61
Debt to equity 0.30 0.28 0.26 0.25 0.34 0.45 0.48 0.34 0.25 0.22

In billions of EUR, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of EUR, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
2.91 2.26 3.12 3.53 6.05 6.95 7.27 7.00 12.74 12.92
0.70 1.74 1.50 1.79 1.31 3.03 5.32 4.33 4.48 3.02
2.78 2.96 3.44 3.81 4.57 5.18 7.20 8.85 10.89 11.43
1.69 1.60 1.59 2.00 2.47 2.98 3.94 5.49 6.85 7.89
4.87 4.54 4.54 4.54 4.63 4.56 4.56 4.59 4.59 4.59
17.21 18.19 20.14 22.63 27.27 30.23 36.30 39.96 48.59 50.57
Growth +5.7% +10.7% +12.4% +20.5% +10.9% +20.1% +10.1% +21.6% +4.1%
Liabilities
n/a n/a 0.00 0.00 0.02 0.51 0.75 0.00 1.01 1.68
3.04 3.01 3.03 3.11 4.66 4.08 3.51 4.63 3.68 2.71
calc 3.04 3.01 3.03 3.11 4.68 4.58 4.26 4.63 4.69 4.39
7.39 7.41 8.50 10.04 13.40 20.09 27.49 26.51 30.11 30.95
Equity
6.28 7.31 9.20 9.52 10.73 8.32 9.05 12.38 14.41 17.59
9.97 10.69 11.64 12.59 13.87 10.14 8.81 13.45 18.48 19.61
Growth +7.2% +8.9% +8.2% +10.1% −26.9% −13.1% +52.7% +37.3% +6.1%
Per share and net cash
calc −0.13 −0.75 0.09 0.42 1.37 2.37 3.01 2.37 8.05 8.53
429.9 427.4 421.1 419.8 416.5 402.6 394.6 393.4 393.3 385.4
calc 23.19 25.01 27.64 29.99 33.29 25.19 22.33 34.19 46.98 50.89

Lines marked calc are worked out here from filed figures; point at one for how. Shown in EUR as filed; the screener converts to dollars.