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NICE Ltd.

NICE Clue Score73
Israel Fiscal year ends December CIK 0001003935
$117.49 +0.15% Close, 9 Oct 2026
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Price $117.49 −55.87% 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. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

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 2016Revenue1,015.5Operating income134.2Net income116.9EPS, diluted1.92Fiscal year 2017Revenue1,332.2 +31.2%Operating income150.1Net income143.3 +22.6%EPS, diluted2.31Fiscal year 2018Revenue1,444.5 +8.4%Operating income197.6Net income159.3 +11.2%EPS, diluted2.52Fiscal year 2019Revenue1,573.9 +9.0%Operating income238.7Net income185.9 +16.7%EPS, diluted2.88Fiscal year 2020Revenue1,648.0 +4.7%Operating income242.0Net income196.7 +5.8%EPS, diluted2.98Fiscal year 2021Revenue1,921.2 +16.6%Operating income263.9Net income199.6 +1.5%EPS, diluted2.98Fiscal year 2022Revenue2,181.3 +13.5%Operating income335.2Net income265.1 +32.8%EPS, diluted4.00Fiscal year 2023Revenue2,377.5 +9.0%Operating income435.2Net income336.5 +26.9%EPS, diluted5.11Fiscal year 2024Revenue2,735.3 +15.0%Operating income546.0Net income439.5 +30.6%EPS, diluted6.76Fiscal year 2025Revenue2,945.4 +7.7%Operating income645.8Net income612.1 +39.3%EPS, diluted9.67
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,015.5 1,332.2 1,444.5 1,573.9 1,648.0 1,921.2 2,181.3 2,377.5 2,735.3 2,945.4
Growth +31.2% +8.4% +9.0% +4.7% +16.6% +13.5% +9.0% +15.0% +7.7%
Operating income 134.2 150.1 197.6 238.7 242.0 263.9 335.2 435.2 546.0 645.8
Net income 116.9 143.3 159.3 185.9 196.7 199.6 265.1 336.5 439.5 612.1
Growth +22.6% +11.2% +16.7% +5.8% +1.5% +32.8% +26.9% +30.6% +39.3%
EPS, diluted 1.92 2.31 2.52 2.88 2.98 2.98 4.00 5.11 6.76 9.67

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin66.7%Operating margin13.2%Net margin11.5%Free cash flow margin19.8%Fiscal year 2017Gross margin64.8%Operating margin11.3%Net margin10.8%Free cash flow margin26.6%Fiscal year 2018Gross margin65.6%Operating margin13.7%Net margin11.0%Free cash flow margin25.3%Fiscal year 2019Gross margin66.2%Operating margin15.2%Net margin11.8%Free cash flow margin22.0%Fiscal year 2020Gross margin65.9%Operating margin14.7%Net margin11.9%Free cash flow margin27.7%Fiscal year 2021Gross margin67.5%Operating margin13.7%Net margin10.4%Free cash flow margin22.7%Fiscal year 2022Gross margin68.7%Operating margin15.4%Net margin12.2%Free cash flow margin20.5%Fiscal year 2023Gross margin67.7%Operating margin18.3%Net margin14.2%Free cash flow margin22.4%Fiscal year 2024Gross margin66.7%Operating margin20.0%Net margin16.1%Free cash flow margin29.2%Fiscal year 2025Gross margin66.4%Operating margin21.9%Net margin20.8%Free cash flow margin23.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 66.7% 64.8% 65.6% 66.2% 65.9% 67.5% 68.7% 67.7% 66.7% 66.4%
Operating margin 13.2% 11.3% 13.7% 15.2% 14.7% 13.7% 15.4% 18.3% 20.0% 21.9%
Net margin 11.5% 10.8% 11.0% 11.8% 11.9% 10.4% 12.2% 14.2% 16.1% 20.8%
Free cash flow margin 19.8% 26.6% 25.3% 22.0% 27.7% 22.7% 20.5% 22.4% 29.2% 23.7%

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 flow228.2Capital expenditure−27.3Free cash flow200.9Buybacks−43.6Dividends paid−38.2Fiscal year 2017Operating cash flow394.7Capital expenditure−39.9Free cash flow354.8 +76.6%Buybacks−24.4Dividends paid−9.6Fiscal year 2018Operating cash flow396.6Capital expenditure−31.4Free cash flow365.2 +2.9%Buybacks−26.0Dividends paid0.0Fiscal year 2019Operating cash flow374.2Capital expenditure−27.3Free cash flow346.9 −5.0%Buybacks−47.3Dividends paid0.0Fiscal year 2020Operating cash flow480.3Capital expenditure−24.2Free cash flow456.1 +31.5%Buybacks−48.3Fiscal year 2021Operating cash flow461.8Capital expenditure−24.8Free cash flow437.0 −4.2%Buybacks−73.2Fiscal year 2022Operating cash flow479.7Capital expenditure−31.9Free cash flow447.8 +2.5%Buybacks−144.9Fiscal year 2023Operating cash flow561.4Capital expenditure−29.2Free cash flow532.2 +18.8%Buybacks−288.4Fiscal year 2024Operating cash flow832.6Capital expenditure−35.0Free cash flow797.7 +49.9%Buybacks−369.2Fiscal year 2025Operating cash flow716.5Capital expenditure−18.9Free cash flow697.6 −12.5%Buybacks−488.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 228.2 394.7 396.6 374.2 480.3 461.8 479.7 561.4 832.6 716.5
Capital expenditure −27.3 −39.9 −31.4 −27.3 −24.2 −24.8 −31.9 −29.2 −35.0 −18.9
Free cash flow 200.9 354.8 365.2 346.9 456.1 437.0 447.8 532.2 797.7 697.6
Growth +76.6% +2.9% −5.0% +31.5% −4.2% +2.5% +18.8% +49.9% −12.5%
Buybacks −43.6 −24.4 −26.0 −47.3 −48.3 −73.2 −144.9 −288.4 −369.2 −488.9
Dividends paid −38.2 −9.6 0.0 0.0 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 2016Cash157.0Total debt465.2Net cash (debt)−308.2Shareholders’ equity1,511.3Debt to equity0.31Fiscal year 2017Cash328.3Total debt447.6Net cash (debt)−119.3Shareholders’ equity1,749.6Debt to equity0.26Fiscal year 2018Cash242.1Total debt456.0Net cash (debt)−213.9Shareholders’ equity2,016.6Debt to equity0.23Fiscal year 2019Cash228.3Total debt464.9Net cash (debt)−236.6Shareholders’ equity2,257.3Debt to equity0.21Fiscal year 2020Cash442.3Total debt681.2Net cash (debt)−239.0Shareholders’ equity2,563.9Debt to equity0.27Fiscal year 2021Cash378.7Total debt825.2Net cash (debt)−446.6Shareholders’ equity2,825.1Debt to equity0.29Fiscal year 2022Cash529.6Total debt664.7Net cash (debt)−135.1Shareholders’ equity3,042.1Debt to equity0.22Fiscal year 2023Cash511.8Total debt666.3Net cash (debt)−154.5Shareholders’ equity3,341.1Debt to equity0.20Fiscal year 2024Cash481.7Total debt458.8Net cash (debt)22.9Shareholders’ equity3,589.7Debt to equity0.13Fiscal year 2025Cash379.4Total debt0.0Net cash (debt)379.4Shareholders’ equity3,876.5Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 157.0 328.3 242.1 228.3 442.3 378.7 529.6 511.8 481.7 379.4
Total debt 465.2 447.6 456.0 464.9 681.2 825.2 664.7 666.3 458.8 0.0
Net cash (debt) −308.2 −119.3 −213.9 −236.6 −239.0 −446.6 −135.1 −154.5 22.9 379.4
Shareholders’ equity 1,511.3 1,749.6 2,016.6 2,257.3 2,563.9 2,825.1 3,042.1 3,341.1 3,589.7 3,876.5
Debt to equity 0.31 0.26 0.23 0.21 0.27 0.29 0.22 0.20 0.13 0.00

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

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
66.7% 64.8% 65.6% 66.2% 65.9% 67.5% 68.7% 67.7% 66.7% 66.4%
13.2% 11.3% 13.7% 15.2% 14.7% 13.7% 15.4% 18.3% 20.0% 21.9%
14.2% 9.7% 12.9% 14.9% 14.4% 12.5% 15.8% 19.3% 22.1% 23.9%
11.5% 10.8% 11.0% 11.8% 11.9% 10.4% 12.2% 14.2% 16.1% 20.8%
19.8% 26.6% 25.3% 22.0% 27.7% 22.7% 20.5% 22.4% 29.2% 23.7%
Spending
13.9% 13.6% 12.7% 12.3% 13.2% 14.1% 14.0% 13.6% 13.2% 12.2%
11.5% 9.7% 10.6% 10.7% 11.0% 11.7% 11.3% 10.6% 10.1% 9.8%
2.7% 3.0% 2.2% 1.7% 1.5% 1.3% 1.5% 1.2% 1.3% 0.6%
14.8% −10.5% 14.7% 20.6% 17.2% 17.2% 23.0% 26.1% 26.8% 13.1%
Returns
7.7% 8.2% 7.9% 8.2% 7.7% 7.1% 8.7% 10.1% 12.2% 15.8%
4.4% 5.0% 5.0% 5.1% 4.6% 4.2% 5.5% 6.6% 8.3% 12.0%
Balance and payout
0.31 0.26 0.23 0.21 0.27 0.29 0.22 0.20 0.13 0.00
32.7% 6.7% 0.0% 0.0% n/a n/a n/a n/a n/a n/a
40.7% 9.6% 7.1% 13.6% 10.6% 16.7% 32.4% 54.2% 46.3% 70.1%