Business Description
Amdocs Limited is a global provider of software solutions and associated services, operating through its various subsidiaries worldwide. The company is actively involved in the full lifecycle of its cloud-based portfolio, from designing and developing to operating, implementing, supporting, and marketing these open and modular offerings. Its diverse product lineup includes CES21, a leading customer experience suite built on 5G and cloud-native microservices architecture, which empowers service providers to develop, deliver, and monetize advanced services. Amdocs also offers a Commerce and Care suite for streamlining order processing and customer engagement, and a Monetization suite that handles charging, billing, policy enforcement, and overall revenue management. Further offerings include an Intelligent Networking suite, providing modular, flexible, and open service lifecycle management capabilities for network automation; MarketONE, a cloud-native business ecosystem; the Digital Brands Suite, a pre-integrated digital business platform tailored for emerging digital telecom brands and smaller service providers; and the eSIM Cloud for service providers. Beyond these core products, Amdocs furnishes AI-powered, cloud-native home operating systems, various data intelligence solutions, and applications. The company also extends its expertise to media services for publishers, TV networks, and video streaming providers, along with end-to-end application development and maintenance services and continuous operational support. Amdocs provides an extensive array of services that cater to every stage of a service provider's lifecycle. These encompass design, delivery, quality engineering, operations, systems integration, mobile network services, expert consulting, and content services. Additionally, its managed services segment covers application development, modernization, and maintenance, IT and infrastructure support, testing, and professional services, all designed to assist clients in the selection, implementation, operation, management, and upkeep of their IT systems. The company's clientele primarily consists of service providers across the communications, cable and satellite, entertainment, and broader media industries, alongside mobile virtual network operators (MVNOs) and directory publishers. Amdocs Limited was established in 1988 and maintains its corporate headquarters in Saint Louis, Missouri.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 5.08
Total Equity: $3.43B
Shares: 111,746,000
Total Debt: $646.90M
Cash: $325.00M
EBITDA: $927.10M
Total Debt: $646.90M
Cash: $325.00M
Revenue: $4.53B
Revenue: $4.53B
Revenue: $4.53B
Total Equity: $3.43B
Tax Rate: 18.1%
Equity: $3.43B
Total Debt: $646.90M
Cash: $325.00M
Current Liabilities: $1.36B
Long-Term Debt: $646.90M
Total Debt: $646.90M
Total Equity: $3.43B
Shares: 111,746,000
Shares: 111,746,000
CapEx: -$103.95M
Shares: 111,746,000
Stock Price: $50.51
Net Income: $564.70M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 6:42pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.6B | $4.9B | $5.0B | $4.5B |
| Cost of Revenue | $2.8B | $3.0B | $3.2B | $3.2B | $2.9B |
| Gross Profit | $1.5B | $1.6B | $1.7B | $1.8B | $1.7B |
| Operating Expenses | $879.0M | $954.4M | $1.1B | $1.1B | $834.7M |
| Operating Income | $598.7M | $664.8M | $654.0M | $628.6M | $823.4M |
| Net Income | $688.4M | $549.5M | $540.7M | $493.2M | $564.7M |
| EBITDA | $1.0B | $889.9M | $855.2M | $819.0M | $927.1M |
| EPS | $5.36 | $4.47 | $4.52 | $4.27 | $5.08 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:42pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $709.1M | $573.4M | $520.1M | $346.1M | $325.0M |
| Total Current Assets | $2.1B | $2.0B | $1.9B | $1.8B | $1.6B |
| Total Assets | $6.5B | $6.4B | $6.4B | $6.4B | $6.2B |
| Current Liabilities | $1.3B | $1.3B | $1.4B | $1.5B | $1.4B |
| Long-Term Debt | $644.6M | $645.1M | $645.7M | $646.3M | $646.9M |
| Total Liabilities | $2.9B | $2.8B | $2.9B | $2.9B | $2.8B |
| Total Equity | $3.6B | $3.5B | $3.5B | $3.5B | $3.4B |
| Retained Earnings | $5.9B | $6.2B | $6.5B | $6.8B | $7.2B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:42pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $925.8M | $756.7M | $822.6M | $724.4M | $749.1M |
| Capital Expenditure | -$210.4M | -$227.2M | -$124.4M | -$105.5M | -$104.0M |
| Free Cash Flow | $715.4M | $529.5M | $698.3M | $618.9M | $645.1M |
| Acquisitions (net) | $146.3M | -$14.4M | -$121.8M | -$86.8M | -$86.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$680.0M | -$508.5M | -$489.5M | -$563.1M | -$551.3M |
| Net Change in Cash | -$274.1M | -$135.7M | -$53.3M | -$174.0M | -$21.1M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 10:06am (23h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$4.9B $4.8B – $4.9B
|
$5.1B $5.1B – $5.1B
|
$5.3B $5.2B – $5.3B
|
$5.5B $5.5B – $5.5B
|
| EBITDA |
$955.3M $948.8M – $959.2M
|
$997.0M $993.7M – $1.0B
|
$1.0B $1.0B – $1.0B
|
$1.1B $1.1B – $1.1B
|
| Net Income |
$904.3M $889.3M – $919.3M
|
$1.0B $1.0B – $1.0B
|
$1.1B $1.1B – $1.1B
|
$1.2B $1.2B – $1.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:42pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +6.7% | +6.8% | +2.4% | -9.4% |
| Gross Profit Growth | +9.6% | +6.7% | +1.6% | -5.5% |
| Operating Income Growth | +11.0% | -1.6% | -3.9% | +31.0% |
| Net Income Growth | -20.2% | -1.6% | -8.8% | +14.5% |
| EBITDA Growth | -14.8% | -3.9% | -4.2% | +13.2% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:42pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-30 | $0.57 | 2026-05-13 | 2026-06-30 | 2026-07-31 |
| 2026-03-31 | $0.57 | 2026-02-03 | 2026-03-31 | 2026-04-24 |
| 2025-12-31 | $0.53 | 2025-11-11 | 2025-12-31 | 2026-01-30 |
| 2025-09-30 | $0.53 | 2025-08-06 | 2025-09-30 | 2025-10-31 |
| 2025-06-30 | $0.53 | 2025-05-07 | 2025-06-30 | 2025-07-25 |
| 2025-03-31 | $0.53 | 2025-02-04 | 2025-03-31 | 2025-04-25 |
| 2024-12-31 | $0.48 | 2024-11-12 | 2024-12-31 | 2025-01-31 |
| 2024-09-30 | $0.48 | 2024-08-07 | 2024-09-30 | 2024-10-25 |
| 2024-06-28 | $0.48 | 2024-05-08 | 2024-06-28 | 2024-07-26 |
| 2024-03-27 | $0.48 | 2024-02-06 | 2024-03-29 | 2024-04-26 |
| 2023-12-28 | $0.44 | 2023-11-07 | 2023-12-29 | 2024-01-26 |
| 2023-09-28 | $0.44 | 2023-08-02 | 2023-09-29 | 2023-10-27 |
| 2023-06-29 | $0.44 | 2023-05-10 | 2023-06-30 | 2023-07-28 |
| 2023-03-30 | $0.44 | 2023-01-31 | 2023-03-31 | 2023-04-28 |
| 2022-12-29 | $0.40 | 2022-11-08 | 2022-12-30 | 2023-01-27 |
| 2022-09-29 | $0.40 | 2022-08-03 | 2022-09-30 | 2022-10-28 |
| 2022-06-29 | $0.40 | 2022-05-11 | 2022-06-30 | 2022-07-29 |
| 2022-03-30 | $0.40 | 2022-02-01 | 2022-03-31 | 2022-04-29 |
| 2021-12-30 | $0.36 | 2021-11-02 | 2021-12-31 | 2022-01-28 |
| 2021-09-29 | $0.36 | 2021-08-04 | 2021-09-30 | 2021-10-29 |
Narrative Economics
market-narrative step).