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Amdocs Limited (DOX) 10-Year Financial Performance & Capital Metrics

DOX • • Industrial / General
TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementCloud Computing & Development Platforms
AboutAmdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; the Monetization suite for charging, billing, policy, and revenue management; Intelligent Networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers. It also offers AI-powered, cloud-native, and home operating systems; data intelligence solutions and applications; media services for media publishers, TV networks, and video streaming and service providers; end-to-end application development and maintenance services; and ongoing services. In addition, the company provides a line of services designed for various stages of a service provider's lifecycle includes design, delivery, quality engineering, operations, systems integration, mobile network services, consulting, and content services; managed services comprising application development, modernization and maintenance, IT and infrastructure services, testing and professional services that are designed to assist customers in the selection, implementation, operation, management, and maintenance of IT systems. It serves to the communications, cable and satellite, entertainment, and media industry service providers, as well as mobile virtual network operators and directory publishers. Amdocs Limited was founded in 1988 and is headquartered in Saint Louis, Missouri.Show more
  • Revenue $4.53B -9.4%
  • EBITDA $1.02B +24.0%
  • Net Income $568M +15.1%
  • EPS (Diluted) 5.05 +18.8%
  • Gross Margin 36.58% +4.3%
  • EBITDA Margin 22.48% +36.9%
  • Operating Margin 18.16% +44.6%
  • Net Margin 12.53% +27.1%
  • ROE 16.29% +16.7%
  • ROIC 15.6% +29.0%
  • Debt/Equity 0.24 +5.5%
  • Interest Coverage 21.43 +18.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓12 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Good 3Y average ROE of 15.1%
  • ✓Healthy dividend yield of 2.4%
  • ✓Healthy 5Y average net margin of 12.3%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.21%
5Y1.69%
3Y-0.32%
TTM-9.43%

Profit (Net Income) CAGR

10Y2.44%
5Y2.66%
3Y1.1%
TTM14.66%

EPS CAGR

10Y5.89%
5Y6.36%
3Y4.38%
TTM19.95%

ROCE

10Y Avg12.91%
5Y Avg13.33%
3Y Avg14.06%
Latest16.79%

Peer Comparison

Cloud Computing & Development Platforms
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Sector-Specific
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TUYATuya Inc.1.22B2.27267.0629.84%9.12%2.88%5.5%0.00
NTNXNutanix, Inc.14.23B52.6180.9418.11%8.43%5.27%
DOCNDigitalOcean Holdings, Inc.4.98B54.3961.1112.66%29.15%1.93%
ORCLOracle Corporation581.21B202.2946.618.38%25.28%50.65%4.96
WIXWix.com Ltd.4.96B90.3338.2812.74%7.2%9.68%
MSFTMicrosoft Corporation3.5T470.6734.5114.93%35.71%28.9%2.05%0.18
GDDYGoDaddy Inc.14.77B109.2816.947.5%17.01%9.03%8.54%5.63
DOXAmdocs Limited8.94B82.8116.40-9.43%12.48%16.29%7.22%0.24

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+3.72B3.87B3.97B4.09B4.17B4.29B4.58B4.89B5B4.53B
Revenue Growth %0.02%0.04%0.03%0.03%0.02%0.03%0.07%0.07%0.02%-0.09%
Cost of Goods Sold+2.41B2.51B2.6B2.65B2.76B2.81B2.96B3.16B3.25B2.87B
COGS % of Revenue0.65%0.65%0.65%0.65%0.66%0.66%0.65%0.65%0.65%0.63%
Gross Profit+1.31B1.36B1.38B1.43B1.41B1.48B1.62B1.73B1.76B1.66B
Gross Margin %0.35%0.35%0.35%0.35%0.34%0.34%0.35%0.35%0.35%0.37%
Gross Profit Growth %0.01%0.04%0.01%0.04%-0.01%0.05%0.1%0.07%0.02%-0.06%
Operating Expenses+827.05M842.17M866.2M863.75M818.72M878.98M954.35M1.07B1.13B834.71M
OpEx % of Revenue0.22%0.22%0.22%0.21%0.2%0.2%0.21%0.22%0.23%0.18%
Selling, General & Admin464.88M472.78M481.09M492.46M458.54M487.25M528.57M570.71M572.85M493.87M
SG&A % of Revenue0.13%0.12%0.12%0.12%0.11%0.11%0.12%0.12%0.11%0.11%
Research & Development252.29M259.1M276.62M273.94M282.04M312.94M354.71M374.86M360.8M340.85M
R&D % of Revenue0.07%0.07%0.07%0.07%0.07%0.07%0.08%0.08%0.07%0.08%
Other Operating Expenses109.87M110.29M108.49M97.36M78.14M78.78M71.08M128.06M193.14M0
Operating Income+483.14M517.33M428.31M569.75M594.76M598.69M664.8M653.99M628.61M823.36M
Operating Margin %0.13%0.13%0.11%0.14%0.14%0.14%0.15%0.13%0.13%0.18%
Operating Income Growth %-0.06%0.07%-0.17%0.33%0.04%0.01%0.11%-0.02%-0.04%0.31%
EBITDA+694.93M732.22M639.53M775.52M793.17M807.52M889.33M849.69M821.67M1.02B
EBITDA Margin %0.19%0.19%0.16%0.19%0.19%0.19%0.19%0.17%0.16%0.22%
EBITDA Growth %0.01%0.05%-0.13%0.21%0.02%0.02%0.1%-0.04%-0.03%0.24%
D&A (Non-Cash Add-back)211.79M214.88M211.22M205.77M198.41M208.83M224.53M195.7M193.07M195.44M
EBIT486.37M514.51M424.31M571.8M593.75M835.58M665.32M659.45M625.96M731.66M
Net Interest Income+5.15M6.37M3.84M2.31M-6.19M-16.45M-9.09M-1.84M-17.44M-38.42M
Interest Income6.82M7.97M6.6M6.22M4.23M4.82M7.82M21.25M17.45M0
Interest Expense1.67M1.6M2.76M3.91M10.43M21.27M16.91M23.09M34.89M38.42M
Other Income/Expense1.56M-4.42M-6.77M-1.86M-11.44M215.61M-16.39M-17.63M-37.54M-130.12M
Pretax Income+484.7M512.91M421.54M567.89M583.32M814.31M648.41M636.36M591.07M693.24M
Pretax Margin %0.13%0.13%0.11%0.14%0.14%0.19%0.14%0.13%0.12%0.15%
Income Tax+75.37M76.09M67.14M88.44M85.48M125.93M98.91M93.4M94.75M125.47M
Effective Tax Rate %0.84%0.85%0.84%0.84%0.85%0.85%0.85%0.85%0.83%0.82%
Net Income+409.33M436.83M354.4M479.45M497.84M688.37M549.5M540.71M493.2M567.77M
Net Margin %0.11%0.11%0.09%0.12%0.12%0.16%0.12%0.11%0.1%0.13%
Net Income Growth %-0.08%0.07%-0.19%0.35%0.04%0.38%-0.2%-0.02%-0.09%0.15%
Net Income (Continuing)409.33M436.83M354.4M479.45M497.84M688.37M549.5M542.96M496.32M567.77M
Discontinued Operations0000000000
Minority Interest0043.16M42.51M42.51M42.51M42.51M43.17M42.2M41.23M
EPS (Diluted)+2.712.962.473.473.715.324.444.494.255.05
EPS Growth %-0.05%0.09%-0.17%0.4%0.07%0.43%-0.17%0.01%-0.05%0.19%
EPS (Basic)2.742.992.493.493.735.364.474.524.275.08
Diluted Shares Outstanding151.18M147.43M143.7M137.16M133.25M127.97M121.89M118.49M113.96M111.75M
Basic Shares Outstanding149.17M146.02M142.42M136.47M132.61M127.18M121.05M117.66M113.3M111.15M
Dividend Payout Ratio0.27%0.28%0.38%0.31%0.33%0.26%0.34%0.37%0.43%0.4%

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+2.1B2.05B1.72B1.68B2.07B2.07B2B1.91B1.77B1.59B
Cash & Short-Term Investments1.1B979.61M519.22M471.63M983.94M965.59M817.98M742.53M514.33M325M
Cash Only768.66M649.61M418.78M471.63M983.19M709.06M573.38M520.08M346.08M325M
Short-Term Investments327.06M330M100.43M0752K256.53M244.6M222.45M168.24M0
Accounts Receivable818.53M865.07M971.5M987.86M861.03M866.82M946.78M944.48M1.03B935.75M
Days Sales Outstanding80.3581.6589.2188.2375.3873.7775.5170.537575.35
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets0000000224.62M228.5M331.39M
Total Non-Current Assets+3.23B3.23B3.63B3.62B4.27B4.44B4.39B4.51B4.61B4.66B
Property, Plant & Equipment331.73M355.69M496.58M525.31M903.45M931.93M971.17M951.86M904.86M950.64M
Fixed Asset Turnover11.21x10.87x8.00x7.78x4.61x4.60x4.71x5.13x5.53x4.77x
Goodwill2.21B2.22B2.44B2.46B2.58B2.62B2.66B2.75B2.84B0
Intangible Assets281.53M177.33M265.25M205.16M296.33M259.03M178.31M181.54M160.73M0
Long-Term Investments0000000000
Other Non-Current Assets406.07M476.67M420.37M423.94M488.62M630.67M574.94M631.58M704.47M660.09M
Total Assets+5.33B5.28B5.35B5.29B6.34B6.51B6.39B6.43B6.39B6.25B
Asset Turnover0.70x0.73x0.74x0.77x0.66x0.66x0.72x0.76x0.78x0.73x
Asset Growth %0%-0.01%0.01%-0.01%0.2%0.03%-0.02%0.01%-0.01%-0.02%
Total Current Liabilities+1.37B1.17B1.29B1.21B1.22B1.3B1.25B1.35B1.47B1.36B
Accounts Payable136.68M126.41M194.74M176.51M110.14M121.2M134.4M293.34M305.93M1.2B
Days Payables Outstanding20.7218.427.3924.2814.5915.7416.5933.8834.36152.51
Short-Term Debt200M000100M000038.73M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities544.58M624.64M648.9M586.83M534.16M600M531.09M473.88M462.72M0
Current Ratio1.54x1.75x1.33x1.39x1.71x1.59x1.60x1.41x1.20x1.17x
Quick Ratio1.54x1.75x1.33x1.39x1.71x1.59x1.60x1.41x1.20x1.17x
Cash Conversion Cycle----------
Total Non-Current Liabilities+511.78M532.36M560.82M542.43M1.46B1.57B1.58B1.51B1.42B1.42B
Long-Term Debt0000644.02M644.55M645.12M645.7M646.29M646.9M
Capital Lease Obligations0000230.08M177.91M138.38M121.65M103.46M140.78M
Deferred Tax Liabilities227.1M219.42M224.57M207.51M258.49M304.54M312.24M252.61M197.92M0
Other Non-Current Liabilities284.69M312.95M336.24M334.92M327.68M445.73M481.7M485.39M468.38M632.68M
Total Liabilities1.88B1.71B1.86B1.75B2.68B2.88B2.83B2.86B2.89B2.78B
Total Debt+200M0001.03B881.17M826.83M807.31M789.74M826.4M
Net Debt-568.66M-649.61M-418.78M-471.63M50.01M172.11M253.45M287.23M443.65M501.4M
Debt / Equity0.06x---0.28x0.24x0.23x0.23x0.23x0.24x
Debt / EBITDA0.29x---1.30x1.09x0.93x0.95x0.96x0.81x
Net Debt / EBITDA-0.82x-0.89x-0.65x-0.61x0.06x0.21x0.28x0.34x0.54x0.49x
Interest Coverage289.83x323.33x154.96x145.68x57.04x28.14x39.31x28.32x18.02x21.43x
Total Equity+3.45B3.57B3.49B3.54B3.67B3.64B3.56B3.57B3.5B3.47B
Equity Growth %0.01%0.03%-0.02%0.01%0.03%-0.01%-0.02%0%-0.02%-0.01%
Book Value per Share22.8424.2424.3025.8327.5128.4129.2130.1030.7131.06
Total Shareholders' Equity3.45B3.57B3.45B3.5B3.62B3.59B3.52B3.52B3.46B3.43B
Common Stock4.38M4.41M4.44M4.45M4.48M4.52M4.55M4.57M4.6M0
Retained Earnings4.14B4.46B4.67B5.01B5.34B5.85B6.21B6.55B6.83B0
Treasury Stock-4.02B-4.37B-4.78B-5.18B-5.54B-6.22B-6.73B-7.22B-7.78B0
Accumulated OCI6.09M18.79M-32.73M-2.55M11.66M9.34M-72.48M-53.27M-4.41M0
Minority Interest0043.16M42.51M42.51M42.51M42.51M43.17M42.2M41.23M

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+620.23M636.11M557.25M656.38M658.14M925.81M756.72M822.63M724.43M749.1M
Operating CF Margin %0.17%0.16%0.14%0.16%0.16%0.22%0.17%0.17%0.14%0.17%
Operating CF Growth %-0.2%0.03%-0.12%0.18%0%0.41%-0.18%0.09%-0.12%0.03%
Net Income409.33M436.83M354.4M479.45M497.84M688.37M549.5M542.96M496.32M567.77M
Depreciation & Amortization211.79M214.88M207.39M205.77M198.41M208.83M224.53M195.7M193.07M195.44M
Stock-Based Compensation42.7M44.54M47.48M38.55M42.43M54.25M71.81M89.7M104.54M0
Deferred Taxes-2.31M6.55M21.4M-13.95M30.24M-50.6M-3.29M-60.21M-45.67M20.29M
Other Non-Cash Items-6.51M-4.66M1.32M737K144K-224.14M-6.71M3.34M6.17M108.96M
Working Capital Changes-34.77M-62.03M-74.74M-54.18M-110.93M249.09M-79.12M51.14M-30M-143.36M
Change in Receivables-70.86M-41.08M-67.2M6.59M134.58M-69.05M-64.98M3.46M-104.41M79.61M
Change in Inventory25.94M-42.78M-48.82M37.13M-32.09M-7.36M0000
Change in Payables59.98M72.05M25.35M-60.04M-190.35M122.22M-83.93M158.88M216.32M-77.04M
Cash from Investing+-440.85M-185.31M-362.39M-86.76M-461.73M-329M-262.5M-224.5M-127.41M-2.06M
Capital Expenditures-130.09M-133.39M-231.15M-128.09M-205.51M-210.44M-227.22M-124.36M-105.5M-103.95M
CapEx % of Revenue0.03%0.03%0.06%0.03%0.05%0.05%0.05%0.03%0.02%0.02%
Acquisitions----------
Investments----------
Other Investing-18.53M-29.94M-3.16M615K-6.1M-6.08M-8.53M-4.3M5.32M18.21M
Cash from Financing+-446.3M-569.85M-425.69M-516.77M315.14M-870.93M-629.9M-651.43M-771.02M-768.12M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-109.3M-121.5M-134.29M-147.62M-164.06M-177.47M-186.07M-199.46M-211.97M-224.39M
Share Repurchases----------
Other Financing6.83M4.67M46.55M28.9M96.2M-2.52M64.64M37.55M4.07M-13.68M
Net Change in Cash----------
Free Cash Flow+490.15M502.72M326.1M528.29M452.63M715.37M529.5M698.27M618.93M645.14M
FCF Margin %0.13%0.13%0.08%0.13%0.11%0.17%0.12%0.14%0.12%0.14%
FCF Growth %-0.25%0.03%-0.35%0.62%-0.14%0.58%-0.26%0.32%-0.11%0.04%
FCF per Share3.243.412.273.853.405.594.345.895.435.77
FCF Conversion (FCF/Net Income)1.52x1.46x1.57x1.37x1.32x1.34x1.38x1.52x1.47x1.32x
Interest Paid576K1.15M2.01M7.35M5.39M19.37M16.74M19.43M35.4M0
Taxes Paid50.41M67.54M55.94M75.79M45.4M146.44M80.42M156.39M187.51M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)11.93%12.43%10.03%13.63%13.81%18.86%15.27%15.17%13.96%16.29%
Return on Invested Capital (ROIC)13.23%13.36%10.71%13.91%13.15%11.94%13.08%12.79%12.09%15.6%
Gross Margin35.24%35.15%34.71%35.08%33.9%34.46%35.38%35.35%35.07%36.58%
Net Margin11.01%11.3%8.92%11.73%11.94%16.05%12.01%11.06%9.85%12.53%
Debt / Equity0.06x---0.28x0.24x0.23x0.23x0.23x0.24x
Interest Coverage289.83x323.33x154.96x145.68x57.04x28.14x39.31x28.32x18.02x21.43x
FCF Conversion1.52x1.46x1.57x1.37x1.32x1.34x1.38x1.52x1.47x1.32x
Revenue Growth2.05%4.01%2.78%2.81%2.02%2.87%6.72%6.79%2.4%-9.43%

Revenue by Segment

2015201620172018201920202021202220232024
Managed services arrangements-----2.4B2.55B2.76B2.86B2.9B
Managed services arrangements Growth------6.15%8.21%3.67%1.69%
Others---------2.1B
Others Growth----------
Other----1.84B1.77B1.74B1.82B2.03B-
Other Growth------3.81%-1.58%4.53%11.52%-
Managed services program arrangements----2.25B-----
Managed services program arrangements Growth----------
AmdocsONE---3.93B------
AmdocsONE Growth----------
Directory101.01M88.53M58.07M44.65M------
Directory Growth--12.35%-34.41%-23.10%------
Customer Experience Solutions3.54B3.63B3.81B-------
Customer Experience Solutions Growth-2.46%4.94%-------

Revenue by Geography

2015201620172018201920202021202220232024
North America (Mainly United States)------2.79B3.1B3.31B3.33B
North America (Mainly United States) Growth-------11.05%6.68%0.57%
Rest Of World665.9M823.81M831.93M852.41M905.22M834.38M874.39M894.47M877.42M952.8M
Rest Of World Growth-23.71%0.99%2.46%6.20%-7.83%4.80%2.30%-1.91%8.59%
Europe422.1M513.29M488.93M572.2M598.73M613.75M622.78M582.19M703.14M726.23M
Europe Growth-21.61%-4.75%17.03%4.64%2.51%1.47%-6.52%20.77%3.28%
North America2.56B2.38B2.55B2.55B2.58B-----
North America Growth--6.83%6.94%0.15%1.27%-----

Frequently Asked Questions

Valuation & Price

Amdocs Limited (DOX) has a price-to-earnings (P/E) ratio of 16.4x. This is roughly in line with market averages.

Growth & Financials

Amdocs Limited (DOX) reported $4.53B in revenue for fiscal year 2025. This represents a 40% increase from $3.25B in 2012.

Amdocs Limited (DOX) saw revenue decline by 9.4% over the past year.

Yes, Amdocs Limited (DOX) is profitable, generating $565.5M in net income for fiscal year 2025 (12.5% net margin).

Dividend & Returns

Yes, Amdocs Limited (DOX) pays a dividend with a yield of 2.42%. This makes it attractive for income-focused investors.

Amdocs Limited (DOX) has a return on equity (ROE) of 16.3%. This is reasonable for most industries.

Amdocs Limited (DOX) generated $645.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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