Texas Instruments Incorporated
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.10B | $15.64B | $17.52B | $20.03B | $18.34B | $14.46B | $14.38B | $15.78B |
| Analog | $12.95B | $11.82B | $13.01B | $15.36B | $14.05B | $10.88B | $10.22B | $10.80B |
| Embedded Processing | $3.12B | $2.81B | $3.38B | $3.26B | $3.35B | $2.57B | $2.90B | $3.55B |
| Other | $1.03B | $1.01B | $1.13B | $1.41B | $945.0M | $1.00B | $1.26B | $1.42B |
| Cost of Revenue | $7.60B | $6.55B | $6.50B | $6.26B | $5.97B | $5.19B | $5.22B | $5.51B |
| Gross Profit | $10.08B | $9.09B | $11.02B | $13.77B | $12.38B | $9.27B | $9.16B | $10.28B |
| Gross Margin | 59.0% | 58.1% | 62.9% | 68.7% | 67.5% | 64.1% | 63.7% | 65.1% |
| Operating Expenses | ||||||||
| Research & Development | $2.08B | $1.96B | $1.86B | $1.67B | $1.55B | $1.53B | $1.54B | $1.56B |
| SG&A Expense | $1.86B | $1.79B | $1.83B | $1.70B | $1.67B | $1.62B | $1.65B | $1.68B |
| Operating Income | $6.02B | $5.47B | $7.33B | $10.14B | $8.96B | $5.89B | $5.72B | $6.71B |
| Operating Margin | 35.2% | 34.9% | 41.8% | 50.6% | 48.8% | 40.8% | 39.8% | 42.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $5.71B | $5.45B | $7.42B | $10.03B | $8.92B | $6.02B | $5.73B | $6.69B |
| Income Tax Expense | $709.0M | $654.0M | $908.0M | $1.28B | $1.15B | $422.0M | $711.0M | $1.11B |
| Net Income | $5.00B | $4.80B | $6.51B | $8.75B | $7.77B | $5.60B | $5.02B | $5.58B |
| Net Margin | 29.2% | 30.7% | 37.2% | 43.7% | 42.4% | 38.7% | 34.9% | 35.4% |
| EPS (Basic) | $5.47 | $5.24 | $7.13 | $9.51 | $8.38 | $6.05 | $5.33 | $5.71 |
| EPS (Diluted) | $5.45 | $5.20 | $7.07 | $9.41 | $8.26 | $5.97 | $5.24 | $5.59 |
| Shares Outstanding (Basic) | 909.0M | 912.0M | 908.0M | 916.0M | 923.0M | 921.0M | 936.0M | 970.0M |
| Shares Outstanding (Diluted) | 913.0M | 919.0M | 916.0M | 926.0M | 936.0M | 933.0M | 952.0M | 990.0M |
| Dividends Per Share | $5.50 | $5.26 | $5.02 | $4.69 | $4.21 | $3.72 | $3.21 | $2.63 |