EA is no longer listed. Its last trade on record was Aug 10, 2026. The price and figures on this page are from its last trading day and final filings, and are no longer updated.
Revenue growth stabilized with 18.9% growth in 2027Q1, while gross margin expanded to 86.2% and operating margin improved to 25.8%, reflecting strong operating leverage and cost discipline.
Electronic Arts Inc. (EA) annual income statement — 30-year revenue, gross profit & net income history
| Metric | TTM | Mar'26 | Mar'25 | Mar'24 | Mar'23 | Mar'22 | Mar'21 | Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 | Mar'08 | Mar'07 | Mar'06 | Mar'05 | Mar'04 | Mar'03 | Mar'02 | Mar'01 | Mar'00 | Mar'99 | Mar'98 | Mar'97 |
|---|
| Sales/Revenue | 7.85B | 7.53B | 7.46B | 7.56B | 7.43B | 6.99B | 5.63B | 5.54B | 4.95B | 5.15B | 4.84B | 4.4B | 4.51B | 3.58B | 3.8B | 4.14B | 3.59B | 3.65B | 4.21B | 3.67B | 3.09B | 2.95B | 3.13B | 2.96B | 2.48B | 1.72B | 1.32B | 1.42B | 1.22B | 908.9M | 673M |
| Revenue Growth % | 4.98% | 0.91% | -1.31% | 1.83% | 6.22% | 24.2% | 1.66% | 11.86% | -3.88% | 6.3% | 10.21% | -2.64% | 26.29% | -5.85% | -8.35% | 15.44% | -1.78% | -13.25% | 14.92% | 18.57% | 4.74% | -5.69% | 5.82% | 19.14% | 43.91% | 30.43% | -6.88% | 16.21% | 34.44% | 35.05% | 26.53% |
| Cost of Goods Sold | 1.58B | 1.58B | 1.54B | 1.71B | 1.79B | 1.86B | 1.49B | 1.37B | 1.32B | 1.28B | 1.3B | 1.35B | 1.43B | 1.35B | 1.39B | 1.6B | 1.5B | 1.87B | 2.13B | 1.8B | 1.21B | 1.18B | 1.2B | 1.1B | 1.07B | 807.61M | 582.57M | 671.07M | 590.9M | 453.9M | 305.9M |
| COGS % of Revenue | - | 21.03% | 20.68% | 22.61% | 24.13% | 26.59% | 26.54% | 24.72% | 26.71% | 24.8% | 26.79% | 30.8% | 31.65% | 37.68% | 36.56% | 38.57% | 41.77% | 51.07% | 50.5% | 49.25% | 39.21% | 40.02% | 38.26% | 37.3% | 43.23% | 46.83% | 44.06% | 47.26% | 48.36% | 49.94% | 45.45% |
| Gross Profit | 6.27B | 5.95B | 5.92B | 5.85B | 5.63B | 5.13B | 4.13B | 4.17B | 3.63B | 3.87B | 3.55B | 3.04B | 3.09B | 2.23B | 2.41B | 2.54B | 2.09B | 1.79B | 2.08B | 1.86B | 1.88B | 1.77B | 1.93B | 1.85B | 1.41B | 917.06M | 739.7M | 748.94M | 631M | 455M | 367.1M |
| Gross Margin % | 79.9% | 78.97% | 79.32% | 77.39% | 75.87% | 73.41% | 73.46% | 75.28% | 73.29% | 75.2% | 73.21% | 69.2% | 68.35% | 62.32% | 63.44% | 61.43% | 58.23% | 48.93% | 49.5% | 50.75% | 60.79% | 59.98% | 61.75% | 62.7% | 56.77% | 53.17% | 55.94% | 52.74% | 51.64% | 50.06% | 54.55% |
| Gross Profit Growth % | - | 0.46% | 1.16% | 3.87% | 9.78% | 24.11% | -0.79% | 14.88% | -6.33% | 9.19% | 16.6% | -1.43% | 38.51% | -7.51% | -5.34% | 21.77% | 16.89% | -14.24% | 12.1% | -1.01% | 6.16% | -8.39% | 4.21% | 31.58% | 53.64% | 23.98% | -1.23% | 18.69% | 38.68% | 23.94% | 33.88% |
| Operating Expenses | 4.86B | 4.79B | 4.4B | 4.33B | 4.3B | 4B | 3.09B | 2.72B | 2.63B | 2.44B | 2.32B | 2.14B | 2.14B | 2.19B | 2.29B | 2.51B | 2.4B | 2.47B | 2.91B | 2.35B | 1.84B | 1.45B | 1.26B | 1.08B | 953M | 781.63M | 770.01M | 588.61M | 481.6M | 359.2M | 304.4M |
| OpEx % of Revenue | - | 63.54% | 58.96% | 57.31% | 57.93% | 57.26% | 54.88% | 49.18% | 53.17% | 47.36% | 47.95% | 48.77% | 47.35% | 61.4% | 60.26% | 60.58% | 66.93% | 67.71% | 69.14% | 64.04% | 59.53% | 48.97% | 40.36% | 36.46% | 38.4% | 45.32% | 58.23% | 41.45% | 39.41% | 39.52% | 45.23% |
| Selling, General & Admin | 1.94B | 1.89B | 1.71B | 1.71B | 1.71B | 1.63B | 1.28B | 1.14B | 1.16B | 1.11B | 1.11B | 1.03B | 1.03B | 1.09B | 1.14B | 1.23B | 1.05B | 1.05B | 1.02B | 927M | 754M | 646M | 612M | 555.29M | 463.31M | 348.17M | 289.38M | 281.13M | 239M | 186.1M | 127.3M |
| SG&A % of Revenue | - | 25.11% | 22.87% | 22.61% | 22.96% | 23.37% | 22.76% | 20.53% | 23.47% | 21.55% | 22.95% | 23.38% | 22.88% | 30.49% | 30.08% | 29.64% | 29.2% | 28.74% | 24.29% | 25.29% | 24.39% | 21.89% | 19.56% | 18.78% | 18.67% | 20.19% | 21.88% | 19.8% | 19.56% | 20.48% | 18.92% |
| Research & Development | 2.87B | 2.83B | 2.57B | 2.42B | 2.33B | 2.19B | 1.78B | 1.56B | 1.43B | 1.32B | 1.21B | 1.11B | 1.09B | 1.13B | 1.15B | 1.18B | 1.12B | 1.23B | 1.36B | 1.15B | 1.04B | 758M | 633M | 511M | 401M | 387.74M | 388.93M | 260.76M | 202.1M | 146.2M | 130.8M |
| R&D % of Revenue | - | 37.55% | 34.42% | 32% | 31.35% | 31.27% | 31.59% | 28.16% | 28.95% | 25.63% | 24.87% | 25.23% | 24.23% | 31.47% | 30.37% | 28.48% | 31.32% | 33.63% | 32.27% | 31.24% | 33.68% | 25.69% | 20.23% | 17.28% | 16.16% | 22.48% | 29.41% | 18.36% | 16.54% | 16.09% | 19.44% |
| Other Operating Expenses | 2M | 66M | 124M | 204M | 269M | 183M | 30M | 27M | 37M | 9M | 6M | 7M | 11M | -20M | -7M | 70M | 201M | 195M | 530M | 275M | 45M | 41M | 18M | 12M | 89M | 45.72M | 91.71M | 46.73M | 40.5M | 26.9M | 23M |
| Operating Income | 1.4B | 1.16B | 1.52B | 1.52B | 1.33B | 1.13B | 1.05B | 1.45B | 996M | 1.43B | 1.22B | 898M | 948M | 33M | 121M | 35M | -312M | -686M | -827M | -487M | 39M | 325M | 669M | 776M | 456M | 135.44M | -30.32M | 160.32M | 149.4M | 95.8M | 62.7M |
| Operating Margin % | 17.89% | 15.43% | 20.37% | 20.07% | 17.94% | 16.15% | 18.58% | 26.1% | 20.12% | 27.84% | 25.26% | 20.43% | 21% | 0.92% | 3.19% | 0.84% | -8.69% | -18.77% | -19.63% | -13.29% | 1.26% | 11.01% | 21.38% | 26.24% | 18.37% | 7.85% | -2.29% | 11.29% | 12.23% | 10.54% | 9.32% |
| Operating Income Growth % | - | -23.55% | 0.13% | 13.96% | 17.98% | 7.94% | -27.61% | 45.08% | -30.54% | 17.16% | 36.3% | -5.27% | 2772.73% | -72.73% | 245.71% | 111.22% | 54.52% | 17.05% | -69.82% | -1348.72% | -88% | -51.42% | -13.79% | 70.18% | 236.68% | 546.76% | -118.91% | 7.31% | 55.95% | 52.79% | 17.2% |
| EBITDA | 1.73B | 1.23B | 1.88B | 1.92B | 1.87B | 1.61B | 1.23B | 1.59B | 1.14B | 1.57B | 1.4B | 1.09B | 1.17B | 260M | 385M | 251M | -132M | -494M | -629M | -323M | 186M | 420M | 744M | 854M | 548M | 246.34M | 39.35M | 207.05M | 189.9M | 122.7M | 85.7M |
| EBITDA Margin % | 21.99% | 16.31% | 25.14% | 25.42% | 25.15% | 23.1% | 21.8% | 28.81% | 23.05% | 30.49% | 28.81% | 24.91% | 25.87% | 7.27% | 10.14% | 6.06% | -3.68% | -13.52% | -14.93% | -8.81% | 6.02% | 14.23% | 23.78% | 28.88% | 22.08% | 14.28% | 2.98% | 14.58% | 15.54% | 13.5% | 12.73% |
| EBITDA Growth % | -3.2% | -34.54% | -2.39% | 2.89% | 15.67% | 31.62% | -23.07% | 39.79% | -27.32% | 12.46% | 27.49% | -6.25% | 349.23% | -32.47% | 53.39% | 290.15% | 73.28% | 21.46% | -94.74% | -273.66% | -55.71% | -43.55% | -12.88% | 55.84% | 122.46% | 525.99% | -80.99% | 9.03% | 54.77% | 43.17% | 23.49% |
| D&A (Non-Cash Add-back) | 321M | 66M | 356M | 404M | 536M | 486M | 181M | 150M | 145M | 136M | 172M | 197M | 220M | 227M | 264M | 216M | 180M | 192M | 198M | 164M | 147M | 95M | 75M | 78M | 92M | 110.9M | 69.67M | 46.73M | 40.5M | 26.9M | 23M |
| EBIT | 1.43B | 1.18B | 1.66B | 1.65B | 1.38B | 1.14B | 1.06B | 1.55B | 1.12B | 1.49B | 1.25B | 902M | 953M | 37M | 168M | 38M | -278M | -544M | -355M | -246M | 57M | 359M | 684M | 785M | 471M | 155.74M | 39.35M | 160.32M | 149.4M | 95.8M | 62.7M |
| Net Interest Income | 19M | 17M | 67M | 68M | -9M | -54M | -21M | 56M | 43M | 6M | -22M | -13M | -21M | -25M | -23M | -11M | 8M | 6M | 48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 27M | 70M | 125M | 126M | 49M | 4M | 24M | 100M | 88M | 50M | 25M | 15M | 10M | 5M | 6M | 9M | 9M | 10M | 48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 8M | 53M | 58M | 58M | 58M | 58M | 45M | 44M | 45M | 44M | 47M | 28M | 31M | 30M | 29M | 20M | 1M | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 5.45M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 33M | 18M | 85M | 71M | -6M | -48M | -29M | 63M | 83M | 15M | -14M | -21M | -23M | -26M | 18M | -17M | 33M | -20M | -28M | -20M | 99M | 64M | 56M | 21M | 5M | 12.85M | 15.07M | 9.07M | -31.1M | 12.6M | 14.6M |
| Pretax Income | 1.44B | 1.18B | 1.6B | 1.59B | 1.33B | 1.08B | 1.02B | 1.51B | 1.08B | 1.45B | 1.21B | 877M | 925M | 7M | 139M | 18M | -279M | -706M | -855M | -507M | 138M | 389M | 725M | 796.56M | 460.15M | 148.29M | -15.24M | 169.39M | 118.3M | 108.4M | 80.2M |
| Pretax Margin % | 18.32% | 15.67% | 21.51% | 21.01% | 17.86% | 15.46% | 18.07% | 27.23% | 21.8% | 28.14% | 24.97% | 19.95% | 20.49% | 0.2% | 3.66% | 0.43% | -7.77% | -19.32% | -20.3% | -13.83% | 4.46% | 13.18% | 23.17% | 26.94% | 18.54% | 8.6% | -1.15% | 11.93% | 9.68% | 11.93% | 11.92% |
| Income Tax | 354M | 293M | 484M | 316M | 524M | 292M | 180M | -1.53B | 60M | 406M | 243M | -279M | 50M | -1M | 41M | -58M | -3M | -29M | 233M | -53M | 66M | 147M | 221M | 219.27M | 143.05M | 45.97M | -4.16M | 52.64M | 45.4M | 35.8M | 27.2M |
| Effective Tax Rate % | 24.63% | 24.83% | 30.16% | 19.89% | 39.52% | 27.01% | 17.7% | -101.53% | 5.56% | 28.02% | 20.08% | -31.81% | 5.41% | -14.29% | 29.5% | -322.22% | 1.08% | 4.11% | -27.25% | 10.45% | 47.83% | 37.79% | 30.48% | 27.53% | 31.09% | 31% | 27.31% | 31.08% | 38.38% | 33.03% | 33.92% |
| Net Income | 1.08B | 887M | 1.12B | 1.27B | 802M | 789M | 837M | 3.04B | 1.02B | 1.04B | 967M | 1.16B | 875M | 8M | 98M | 76M | -276M | -677M | -1.09B | -454M | 76M | 236M | 504M | 577M | 317M | 101.51M | -11.08M | 116.75M | 72.9M | 72.6M | 51.3M |
| Net Margin % | 13.8% | 11.78% | 15.02% | 16.83% | 10.8% | 11.29% | 14.87% | 54.89% | 20.59% | 20.25% | 19.96% | 26.3% | 19.38% | 0.22% | 2.58% | 1.83% | -7.69% | -18.53% | -25.83% | -12.39% | 2.46% | 8% | 16.11% | 19.51% | 12.77% | 5.89% | -0.84% | 8.22% | 5.97% | 7.99% | 7.62% |
| Net Income Growth % | 3.93% | -20.87% | -11.94% | 58.73% | 1.65% | -5.73% | -72.46% | 198.23% | -2.3% | 7.86% | -16.35% | 32.11% | 10837.5% | -91.84% | 28.95% | 127.54% | 59.23% | 37.78% | -139.65% | -697.37% | -67.8% | -53.17% | -12.65% | 82.02% | 212.29% | 1015.98% | -109.49% | 60.15% | 0.41% | 41.52% | 26.67% |
| Net Income (Continuing) | 1.08B | 887M | 1.12B | 1.27B | 802M | 789M | 837M | 3.04B | 1.02B | 1.04B | 967M | 1.16B | 875M | 8M | 98M | 76M | -276M | -677M | -1.09B | -454M | 76M | 242M | 504M | 577M | 317M | 101.51M | -11.08M | 116.75M | 72.9M | 72.6M | 51.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12M | 11M | 0 | 3.92M | 3.1M | 4.54M | 3.62M | 2.7M | 0 | 0 |
| EPS (Diluted) | 4.26 | 3.51 | 4.23 | 4.68 | 2.88 | 2.76 | 2.87 | 10.30 | 3.33 | 3.34 | 3.08 | 3.50 | 2.69 | 0.03 | 0.31 | 0.23 | -0.84 | -2.08 | -3.40 | -1.45 | 0.24 | 0.75 | 1.59 | 1.87 | 1.08 | 0.36 | -0.04 | 0.44 | 0.29 | 0.30 | 0.22 |
| EPS Growth % | 7.81% | -17.02% | -9.62% | 62.5% | 4.35% | -3.83% | -72.14% | 209.31% | -0.3% | 8.44% | -12% | 30.11% | 8866.67% | -90.32% | 34.78% | 127.38% | 59.62% | 38.82% | -134.48% | -704.17% | -68% | -52.83% | -14.97% | 73.15% | 200% | 997.76% | -109.11% | 51.72% | -3.33% | 36.36% | 15.79% |
| EPS (Basic) | - | 3.55 | 4.28 | 4.71 | 2.90 | 2.78 | 2.90 | 10.37 | 3.36 | 3.39 | 3.19 | 3.73 | 2.81 | 0.03 | 0.32 | 0.23 | -0.84 | -2.08 | -3.40 | -1.45 | 0.25 | 0.78 | 1.65 | 1.95 | 1.17 | 0.46 | -0.04 | 0.47 | 0.30 | 0.31 | 0.23 |
| Diluted Shares Outstanding | 254M | 253M | 264M | 272M | 278M | 286M | 292M | 295M | 306M | 312M | 314M | 330M | 325M | 316M | 313M | 336M | 330M | 325M | 320M | 314M | 317M | 314M | 318M | 308M | 293M | 286.28M | 276.14M | 265.48M | 253.09M | 243.83M | 238.6M |
| Basic Shares Outstanding | 252M | 250M | 262M | 270M | 277M | 284M | 289M | 293M | 303M | 308M | 303M | 310M | 311M | 308M | 310M | 331M | 330M | 325M | 320M | 314M | 308M | 304M | 305M | 295M | 282M | 273.66M | 274.84M | 251.32M | 242.99M | 235.47M | 228M |
| Dividend Payout Ratio | - | 21.53% | 17.75% | 16.1% | 26.18% | 24.46% | 11.71% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.52% | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying EA stock.
For fiscal year 2026, Electronic Arts Inc. (EA) reported total revenue of $7.53B. This represents a 1019.0% increase compared to $673.0M in 1997.
Electronic Arts Inc. (EA) is profitable, generating $887.0M in net income for the fiscal year ending 2026 with a net profit margin of 11.8%.
Electronic Arts Inc. (EA) reported an operating income of $1.16B, resulting in an operating profit margin of 15.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Electronic Arts Inc. (EA) generated $5.95B in gross profit for the year, representing a gross profit margin of 79.0%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Apex monetization softness
Metrics are mathematically derived from official filings.
Revenue Growth Stabilizes After Volatility
EA's revenue growth has decelerated from double-digit rates to a flattish trajectory, with 2027Q1 showing 18.9% growth, but recent quarters hover near zero, indicating a mature portfolio. According to the latest income statement data, this stabilization reflects a shift to recurring live services.
The 18.9% revenue growth in 2027Q1 is a notable rebound from the -9.2% contraction in 2026Q2, but the overall trend over the past two years is one of deceleration and volatility. The growth appears driven by the sports franchise (EA Sports FC) and live services, while non-sports titles like Apex Legends show signs of fatigue. Investors should monitor whether the upcoming pipeline (Skate, Battlefield) can re-accelerate growth or if the company settles into a low-single-digit growth profile.
Gross Margin Expansion Reflects Digital Shift
Gross margin has expanded from 79.9% in 2024Q4 to 86.2% in 2027Q1, reflecting the ongoing transition to digital distribution and reduced physical costs. As reported in financial statements, this structural improvement is a key driver of profitability.
The gross margin expansion is consistent with the company's move away from physical retail and toward direct digital sales, which carry minimal incremental costs. The 86.2% gross margin in 2027Q1 is among the highest in the industry, surpassing peers like Take-Two (54.2%) and Playtika (72.5%). However, the sustainability of this margin depends on the company's ability to manage royalty payments to sports leagues and IP holders, as well as the potential impact of regulatory changes on microtransactions.
Operating Leverage Drives Margin Recovery
Operating margin improved from 13.2% in 2024Q4 to 25.8% in 2027Q1, indicating strong operating leverage as revenue scales. Based on the reported figures, SG&A and R&D expenses have grown slower than gross profit, boosting profitability.
The operating margin expansion is notable, especially given the flat revenue environment. In 2027Q1, operating income grew to $513M on $2.0B revenue, a significant jump from $234M on $1.8B in 2024Q4. This suggests that management's cost discipline, including headcount reductions and office consolidations, is yielding results. However, the volatility in operating margin (e.g., 7.4% in 2026Q3) highlights the hit-driven nature of the business, and investors should monitor whether the company can sustain this leverage without sacrificing future growth investments.
Earnings Quality Tempered by SBC and Deferrals
Net income quality is moderate, with stock-based compensation of $153M in 2027Q1 representing a significant non-cash expense. According to the income statement data, EPS growth of 97.5% in 2027Q1 is flattered by a low base and one-time factors.
The reported net income of $397M in 2027Q1 includes $153M in SBC, which is roughly 38% of net income, indicating that economic earnings are lower than reported. Additionally, the company's revenue recognition practices, including deferrals, can create timing differences between cash and GAAP earnings. The tax rate appears stable, but investors should adjust for SBC and consider net bookings as a more accurate measure of cash generation. The EPS growth of 97.5% is partly due to a weak prior-year quarter, so the quality of that growth warrants scrutiny.
R&D and SG&A Discipline Drives Margin
R&D and SG&A expenses have grown modestly, with R&D at $743M and SG&A at $444M in 2027Q1, representing 37.2% and 22.2% of revenue, respectively. As reported in the income statement, this cost control is a key driver of operating margin expansion.
The company has managed to keep R&D and SG&A growth below revenue growth, contributing to the operating margin improvement. R&D as a percentage of revenue has declined from 35.4% in 2024Q4 to 37.2% in 2027Q1, but the absolute dollar increase is modest. SG&A has remained relatively flat, indicating disciplined overhead management. However, the high fixed-cost nature of game development means that any revenue shortfall can quickly compress margins, as seen in 2026Q3 when operating margin fell to 7.4%.
2027Q1 Marks Operational Inflection
The most significant inflection is 2027Q1, where operating margin jumped to 25.8% and net income surged 97.5% year-over-year, driven by cost discipline and strong sports performance. According to the income statement data, this quarter signals a potential new profitability baseline.
The 2027Q1 results represent a clear departure from the prior year's volatility, with operating income of $513M nearly doubling from the year-ago quarter. This inflection appears driven by the successful transition to EA Sports FC, which reduced licensing costs, and the company's cost-cutting initiatives. The lasting impact is a higher margin structure that could persist if the company maintains its cost discipline and the sports franchise remains robust. However, the sustainability of this margin level is uncertain, given the cyclicality of game releases and the potential for increased competition.
Apex Weakness and Pipeline Risks Loom
The strongest challenge to EA's narrative is the softness in Apex Legends monetization and the reliance on a few key franchises, which could pressure growth and margins. Based on the reported figures, non-sports live services show signs of maturity, and upcoming titles carry execution risk.
Short-sellers would point to the deceleration in non-sports revenue, particularly Apex Legends, which has faced intense competition and player fatigue. The company's growth is increasingly dependent on the sports franchise, which, while dominant, faces regulatory risks around loot boxes and potential changes in licensing agreements. Additionally, the upcoming pipeline (Skate, Battlefield) has a mixed track record, and any failure could lead to margin compression and a re-rating. The high gross margin also makes the company vulnerable to any shift in revenue mix toward lower-margin physical or licensed products.