Trend Micro Incorporated (TYO:4704)

Trend Micro Income Statement

Financials in millions JPY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	272,013	272,638	248,691	223,795	190,359	174,061
Revenue Growth (YoY)	3.16%	9.63%	11.12%	17.57%	9.36%	5.37%
Cost of Revenue	64,410	64,980	63,662	54,300	42,017	38,166
Gross Profit	207,603	207,658	185,029	169,495	148,342	135,895
Selling, General & Admin	155,459	159,551	152,426	138,154	104,700	96,430
Operating Expenses	155,459	159,551	152,426	138,154	104,700	96,430
Operating Income	52,144	48,107	32,603	31,341	43,642	39,465
Interest Expense	-	-	-	-43	-12	-
Interest & Investment Income	2,958	2,607	5,845	2,142	424	724
Earnings From Equity Investments	-1,617	-2,573	-2,862	-456	-110	-104
Currency Exchange Gain (Loss)	-5,960	4,413	-1,748	857	-787	-1,897
Other Non Operating Income (Expenses)	28	51	291	353	28	691
EBT Excluding Unusual Items	47,553	52,605	34,129	34,194	43,185	38,879
Gain (Loss) on Sale of Investments	278	2,583	1,357	7,716	9,252	1,171
Gain (Loss) on Sale of Assets	-48	-204	-129	-13	-66	-196
Asset Writedown	-	-	-451	-	-	-
Other Unusual Items	7	595	-2,930	-	-	-
Pretax Income	47,790	55,579	31,976	41,897	52,371	39,854
Income Tax Expense	16,921	21,048	21,221	12,944	14,755	13,478
Earnings From Continuing Operations	30,869	34,531	10,755	28,953	37,616	26,376
Minority Interest in Earnings	-70	-173	-24	890	751	528
Net Income	30,799	34,358	10,731	29,843	38,367	26,904
Net Income to Common	30,799	34,358	10,731	29,843	38,367	26,904
Net Income Growth	83.66%	220.18%	-64.04%	-22.22%	42.61%	-3.73%
Shares Outstanding (Basic)	131	133	137	140	139	139
Shares Outstanding (Diluted)	132	133	137	140	139	139
Shares Change (YoY)	-2.51%	-2.60%	-2.18%	0.34%	-0.01%	-0.02%
EPS (Basic)	234.91	259.04	78.44	213.58	275.20	193.39
EPS (Diluted)	233.34	257.66	78.38	213.22	275.06	192.87
EPS Growth	88.38%	228.73%	-63.24%	-22.48%	42.61%	-3.71%
Free Cash Flow	52,975	45,561	55,049	55,501	53,111	52,751
Free Cash Flow Per Share	401.33	341.66	402.07	396.53	380.76	378.16
Dividend Per Share	184.000	184.000	56.000	151.000	195.000	153.000
Dividend Growth	228.57%	228.57%	-62.91%	-22.56%	27.45%	-4.38%
Gross Margin	76.32%	76.17%	74.40%	75.74%	77.93%	78.07%
Operating Margin	19.17%	17.64%	13.11%	14.00%	22.93%	22.67%
Profit Margin	11.32%	12.60%	4.32%	13.33%	20.16%	15.46%
Free Cash Flow Margin	19.48%	16.71%	22.14%	24.80%	27.90%	30.31%
EBITDA	79,498	77,034	60,918	56,526	64,536	62,142
EBITDA Margin	29.23%	28.26%	24.50%	25.26%	33.90%	35.70%
D&A For EBITDA	27,354	28,927	28,315	25,185	20,894	22,677
EBIT	52,144	48,107	32,603	31,341	43,642	39,465
EBIT Margin	19.17%	17.64%	13.11%	14.00%	22.93%	22.67%
Effective Tax Rate	35.41%	37.87%	66.36%	30.89%	28.17%	33.82%
Advertising Expenses	-	10,816	11,134	10,433	7,135	6,461

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.