Revenue scaled from about $965M to $1.4B over the period while operating margin compressed from a 43.2% peak in 2025Q1 to 37.0% in 2027Q2, suggesting acquisition-related growth and volatile operating leverage warrant further investigation.
Gen Digital Inc. (GEN) annual income statement — 30-year revenue, gross profit & net income history
| Metric | TTM | Apr'26 | Mar'25 | Mar'24 | Mar'23 | Apr'22 | Apr'21 | Apr'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 | 5.23B | 5B | 3.94B | 3.8B | 3.32B | 2.8B | 2.55B | 2.49B | 4.73B | 4.85B | 4.02B | 3.6B | 6.51B | 6.68B | 6.91B | 6.73B | 6.19B | 5.99B | 6.15B | 5.87B | 5.2B | 4.14B | 2.58B | 1.87B | 1.41B | 1.07B | 853.55M | 745.73M | 633.9M | 578.4M | 472.2M |
| Revenue Growth % | 16.88% | 27.06% | 3.55% | 14.56% | 18.63% | 9.6% | 2.45% | -47.37% | -2.37% | 20.58% | 11.64% | -44.68% | -2.52% | -3.33% | 2.62% | 8.72% | 3.43% | -2.68% | 4.69% | 12.98% | 25.49% | 60.42% | 38.11% | 32.92% | 31.31% | 25.53% | 14.46% | 17.64% | 9.6% | 22.49% | 6.02% |
| Cost of Goods Sold | 1.18B | 1.08B | 776M | 731M | 589M | 408M | 362M | 393M | 1.05B | 1.03B | 853M | 615M | 1.15B | 1.15B | 1.18B | 1.08B | 1.04B | 1.1B | 1.23B | 1.22B | 1.22B | 981.87M | 403.21M | 327.55M | 250.12M | 194.61M | 91.88M | 89.26M | 66.8M | 60.7M | 60.3M |
| COGS % of Revenue | - | 21.54% | 19.72% | 19.24% | 17.76% | 14.59% | 14.19% | 15.78% | 22.19% | 21.3% | 21.22% | 17.08% | 17.72% | 17.21% | 17.01% | 16.08% | 16.88% | 18.46% | 19.95% | 20.77% | 23.38% | 23.7% | 15.61% | 17.52% | 17.78% | 18.16% | 10.76% | 11.97% | 10.54% | 10.49% | 12.77% |
| Gross Profit | 4.05B | 3.92B | 3.16B | 3.07B | 2.73B | 2.39B | 2.19B | 2.1B | 3.68B | 3.81B | 3.17B | 2.98B | 5.36B | 5.53B | 5.73B | 5.65B | 5.14B | 4.88B | 4.92B | 4.65B | 3.98B | 3.16B | 2.18B | 1.54B | 1.16B | 876.83M | 761.67M | 656.47M | 567.1M | 517.7M | 411.9M |
| Gross Margin % | 77.41% | 78.46% | 80.28% | 80.76% | 82.24% | 85.41% | 85.81% | 84.22% | 77.81% | 78.7% | 78.78% | 82.92% | 82.28% | 82.79% | 82.99% | 83.92% | 83.12% | 81.54% | 80.05% | 79.23% | 76.62% | 76.3% | 84.39% | 82.48% | 82.22% | 81.84% | 89.24% | 88.03% | 89.46% | 89.51% | 87.23% |
| Gross Profit Growth % | - | 24.18% | 2.93% | 12.5% | 14.24% | 9.09% | 4.39% | -43.03% | -3.49% | 20.47% | 6.06% | -44.26% | -3.11% | -3.56% | 1.47% | 9.78% | 5.43% | -0.87% | 5.78% | 16.83% | 26% | 45.05% | 41.3% | 33.34% | 31.93% | 15.12% | 16.03% | 15.76% | 9.54% | 25.69% | 9.75% |
| Operating Expenses | 1.84B | 1.77B | 1.55B | 1.96B | 1.52B | 1.38B | 1.29B | 1.74B | 3.06B | 3.35B | 2.99B | 2.39B | 3.95B | 4.07B | 4.48B | 4.51B | 4.14B | 3.82B | 3.83B | 3.88B | 3.39B | 2.56B | 1.31B | 1.02B | 799.53M | 848.36M | 594.13M | 507.94M | 459.6M | 417.3M | 376.9M |
| OpEx % of Revenue | - | 35.36% | 39.36% | 51.55% | 45.88% | 49.46% | 50.69% | 69.96% | 64.68% | 69.09% | 74.47% | 66.44% | 60.76% | 61.02% | 64.91% | 67% | 66.95% | 63.88% | 62.31% | 66.1% | 65.25% | 61.82% | 50.53% | 54.78% | 56.83% | 79.18% | 69.61% | 68.11% | 72.5% | 72.15% | 79.82% |
| Selling, General & Admin | 1.16B | 1.14B | 1.04B | 1.34B | 968M | 1.01B | 791M | 1.07B | 1.94B | 2.17B | 2.02B | 1.59B | 2.7B | 2.88B | 3.19B | 3.25B | 3.01B | 2.72B | 2.73B | 2.76B | 2.32B | 1.75B | 959.14M | 755.22M | 599.47M | 482.38M | 394.7M | 348.9M | 321.8M | 299.3M | 254.8M |
| SG&A % of Revenue | - | 22.82% | 26.33% | 35.18% | 29.18% | 36.27% | 31.01% | 42.93% | 41.01% | 44.8% | 50.34% | 44.08% | 41.52% | 43.14% | 46.12% | 48.31% | 48.66% | 45.43% | 44.37% | 47.03% | 44.71% | 42.14% | 37.14% | 40.38% | 42.61% | 45.02% | 46.24% | 46.79% | 50.77% | 51.75% | 53.96% |
| Research & Development | 430M | 409M | 329M | 332M | 313M | 253M | 267M | 328M | 913M | 957M | 823M | 748M | 1.14B | 1.04B | 1.01B | 969M | 862M | 857M | 879.7M | 895.24M | 866.88M | 664.63M | 332.27M | 252.28M | 197.27M | 163.98M | 126.67M | 108.42M | 101.6M | 91.3M | 88.9M |
| R&D % of Revenue | - | 8.18% | 8.36% | 8.74% | 9.44% | 9.05% | 10.47% | 13.17% | 19.3% | 19.75% | 20.48% | 20.78% | 17.58% | 15.55% | 14.65% | 14.4% | 13.93% | 14.32% | 14.3% | 15.24% | 16.67% | 16.04% | 12.86% | 13.49% | 14.02% | 15.3% | 14.84% | 14.54% | 16.03% | 15.78% | 18.83% |
| Other Operating Expenses | 4M | 218M | 184M | 290M | 241M | 116M | 235M | 345M | -64M | -5M | 25M | 57M | 11M | 45M | 27M | 289M | 270M | 247M | 223.56M | 225.13M | 201.5M | 151.02M | 13.81M | 16.87M | 2.79M | 202M | 72.75M | 50.61M | 36.2M | 26.7M | 33.2M |
| Operating Income | 2.21B | 2.15B | 1.61B | 1.11B | 1.21B | 1B | 896M | 355M | 380M | 49M | -100M | 457M | 1.15B | 1.18B | 1.12B | 1.08B | 880M | 933M | -6.47B | 602.28M | 519.74M | 273.96M | 819.27M | 513.59M | 341.51M | 8.04M | 109.6M | 148.52M | 107.5M | 100.4M | 35M |
| Operating Margin % | 42.22% | 43.1% | 40.91% | 29.21% | 36.36% | 35.94% | 35.12% | 14.26% | 8.03% | 1.01% | -2.49% | 12.69% | 17.66% | 17.72% | 16.26% | 16.03% | 14.22% | 15.59% | -105.2% | 10.25% | 10% | 6.61% | 31.72% | 27.46% | 24.27% | 0.75% | 12.84% | 19.92% | 16.96% | 17.36% | 7.41% |
| Operating Income Growth % | - | 33.85% | 45.05% | -7.96% | 20% | 12.17% | 152.39% | -6.58% | 675.51% | 149% | -121.88% | -60.23% | -2.87% | 5.34% | 4.08% | 22.61% | -5.68% | 114.42% | -1174.24% | 15.88% | 89.71% | -66.56% | 59.52% | 50.39% | 4147.13% | -92.66% | -26.21% | 38.16% | 7.07% | 186.86% | 269.08% |
| EBITDA | 2.7B | 2.65B | 2.03B | 1.59B | 1.53B | 1.15B | 1.05B | 716M | 629M | 689M | 430M | 756M | 1.59B | 1.67B | 1.76B | 1.74B | 1.55B | 1.77B | -5.63B | 1.43B | 1.33B | 897.58M | 951.22M | 630.81M | 437.24M | 280.91M | 230.44M | 199.13M | 143.7M | 127.1M | 68.2M |
| EBITDA Margin % | 51.59% | 52.96% | 51.56% | 41.97% | 46.28% | 40.95% | 41% | 28.75% | 13.3% | 14.22% | 10.7% | 21% | 24.4% | 25.07% | 25.5% | 25.84% | 25.11% | 29.57% | -91.59% | 24.28% | 25.6% | 21.66% | 36.83% | 33.73% | 31.08% | 26.22% | 27% | 26.7% | 22.67% | 21.97% | 14.44% |
| EBITDA Growth % | 26.56% | 30.51% | 27.21% | 3.91% | 34.06% | 9.46% | 46.09% | 13.83% | -8.71% | 60.23% | -43.12% | -52.39% | -5.14% | -4.94% | 1.27% | 11.9% | -12.2% | 131.42% | -494.88% | 7.15% | 48.31% | -5.64% | 50.79% | 44.27% | 55.65% | 21.9% | 15.72% | 38.58% | 13.06% | 86.36% | 274.73% |
| D&A (Non-Cash Add-back) | 490M | 493M | 419M | 485M | 329M | 140M | 150M | 361M | 249M | 640M | 530M | 299M | 439M | 491M | 638M | 660M | 674M | 837M | 837.36M | 824.11M | 811.44M | 623.62M | 131.96M | 117.23M | 95.73M | 272.87M | 120.84M | 50.61M | 36.2M | 26.7M | 33.2M |
| EBIT | 1.94B | 942M | 1.61B | 1.12B | 1.18B | 1.17B | 1.02B | 1.01B | 101M | 500M | -54M | 467M | 179M | 1.24B | 1.15B | 1.58B | 841M | 994M | -6.42B | 742M | 590.72M | 599.91M | 829.02M | 559.19M | 357.3M | 28.47M | 167.54M | 148.52M | 66.24M | 54.92M | 35M |
| Net Interest Income | -503M | -544M | -550M | -644M | -386M | -126M | -140M | -116M | -166M | -232M | -187M | -65M | -67M | -73M | -127M | -102M | -133M | -123M | -88M | 47.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 11M | 25M | 28M | 25M | 15M | 0 | 4M | 80M | 42M | 24M | 21M | 10M | 12M | 11M | 12M | 13M | 10M | 6M | 37.05M | 76.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 514M | 569M | 578M | 669M | 401M | 126M | 144M | 196M | 208M | 256M | 208M | 75M | 79M | 84M | 139M | 115M | 143M | 129M | 29.7M | 163.99M | 13.01M | 565.33M | 26.41M | 0 | 3.88M | 0 | 54.8M | 0 | 46.6M | 0 | 7.8M |
| Other Income/Expense | -520M | -644M | -581M | -663M | -423M | 37M | -24M | 464M | -265M | -275M | -435M | -201M | -53M | -284M | -160M | 366M | -286M | -68M | -7.63B | -58.29M | 111.88M | -239.39M | 38.86M | 28.64M | 22.12M | 37.46M | 31.18M | 108.77M | -24.33M | 11.7M | -4.7M |
| Pretax Income | 1.69B | 1.51B | 1.03B | 447M | 783M | 1.04B | 872M | 819M | 108M | 441M | -262M | 392M | 1.09B | 1.16B | 1.02B | 1.47B | 729M | 865M | -6.45B | 712.52M | 631.62M | 362.72M | 858.13M | 542.22M | 363.63M | 45.5M | 140.78M | 257.29M | 83.2M | 112.1M | 30.3M |
| Pretax Margin % | 32.27% | 30.22% | 26.15% | 11.76% | 23.61% | 37.27% | 34.18% | 32.89% | 2.28% | 9.1% | -6.52% | 10.89% | 16.79% | 17.32% | 14.81% | 21.84% | 11.78% | 14.45% | -104.95% | 12.13% | 12.15% | 8.75% | 33.22% | 28.99% | 25.85% | 4.25% | 16.49% | 34.5% | 13.13% | 19.38% | 6.42% |
| Income Tax | 481M | 538M | 386M | -160M | -551M | 206M | 176M | 241M | 92M | -710M | -26M | 1.21B | 215M | 258M | 258M | 298M | 105M | 112M | 221.63M | 248.67M | 227.24M | 205.87M | 321.97M | 171.6M | 115.19M | 73.65M | 76.84M | 87.14M | 33M | 27M | 4.3M |
| Effective Tax Rate % | 28.51% | 35.61% | 37.51% | -35.79% | -70.37% | 19.77% | 20.18% | 29.43% | 85.19% | -161% | 9.92% | 309.44% | 19.67% | 22.32% | 25.22% | 20.27% | 14.4% | 12.95% | -3.43% | 34.9% | 35.98% | 56.76% | 37.52% | 31.65% | 31.68% | 161.87% | 54.58% | 33.87% | 39.66% | 24.09% | 14.19% |
| Net Income | 1.21B | 973M | 643M | 607M | 1.33B | 836M | 554M | 3.89B | 31M | 1.16B | -106M | 2.49B | 878M | 898M | 765M | 1.17B | 597M | 714M | -6.73B | 463.85M | 404.38M | 156.85M | 536.16M | 370.62M | 248.44M | -28.15M | 63.94M | 170.15M | 50.2M | 85.1M | 26M |
| Net Margin % | 23.07% | 19.46% | 16.34% | 15.97% | 40.22% | 29.9% | 21.72% | 156.1% | 0.66% | 23.98% | -2.64% | 69.11% | 13.49% | 13.45% | 11.08% | 17.41% | 9.64% | 11.93% | -109.42% | 7.9% | 7.78% | 3.79% | 20.76% | 19.82% | 17.66% | -2.63% | 7.49% | 22.82% | 7.92% | 14.71% | 5.51% |
| Net Income Growth % | 111.58% | 51.32% | 5.93% | -54.5% | 59.57% | 50.9% | -85.75% | 12438.71% | -97.33% | 1196.23% | -104.26% | 183.37% | -2.23% | 17.39% | -34.73% | 96.31% | -16.39% | 110.61% | -1550.66% | 14.71% | 157.81% | -70.75% | 44.67% | 49.18% | 982.52% | -144.03% | -62.42% | 238.94% | -41.01% | 227.31% | 165.33% |
| Net Income (Continuing) | 1.21B | 973M | 643M | 607M | 1.33B | 836M | 696M | 578M | -110M | 964M | -236M | -821M | 109M | 898M | 765M | 1.17B | 593M | 753M | -6.68B | 463.85M | 404.38M | 156.85M | 536.16M | 370.62M | 248.44M | -28.15M | 63.94M | 170.15M | 50.2M | 85.09M | 26M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -142M | 3.31B | 141M | 11M | 0 | 0 | 769M | 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 | 78M | 77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.00 | 1.57 | 1.03 | 0.95 | 2.16 | 1.41 | 0.92 | 0.90 | 0.05 | 1.74 | -0.17 | 3.71 | 1.26 | 1.28 | 1.08 | 1.57 | 0.76 | 0.87 | -8.10 | 0.52 | 0.41 | 0.15 | 0.73 | 0.52 | 0.36 | -0.05 | 0.12 | 0.34 | 0.11 | 0.18 | 0.06 |
| EPS Growth % | 116.3% | 52.43% | 8.42% | -56.02% | 53.19% | 53.26% | 2.22% | 1732.99% | -97.18% | 1123.53% | -104.58% | 194.44% | -1.56% | 18.52% | -31.21% | 106.58% | -12.64% | 110.74% | -1657.69% | 26.83% | 173.33% | -79.45% | 40.38% | 44.44% | 834.69% | -140.83% | -64.71% | 209.09% | -38.89% | 206.12% | 161.89% |
| EPS (Basic) | - | 1.59 | 1.04 | 0.95 | 2.20 | 1.44 | 0.94 | 0.94 | 0.05 | 1.74 | -0.17 | 3.71 | 1.27 | 1.29 | 1.09 | 1.58 | 0.77 | 0.88 | -8.10 | 0.53 | 0.42 | 0.16 | 0.81 | 0.61 | 0.43 | -0.05 | 0.12 | 0.37 | 0.11 | 0.19 | 0.06 |
| Diluted Shares Outstanding | 603M | 619M | 624M | 642M | 624M | 591M | 600M | 643M | 632M | 668M | 618M | 670M | 696M | 704M | 711M | 748M | 786M | 819M | 831M | 884.14M | 983.26M | 1.03B | 738.25M | 719.11M | 682.87M | 574.42M | 545.9M | 497.71M | 474.31M | 482.25M | 442.55M |
| Basic Shares Outstanding | 596M | 612M | 617M | 637M | 614M | 581M | 589M | 615M | 632M | 668M | 618M | 667.48M | 689M | 696M | 701M | 741M | 778M | 810M | 831M | 867.56M | 960.58M | 998.73M | 660.63M | 611.97M | 581.58M | 574.42M | 517.9M | 462.96M | 452.81M | 448.78M | 433.33M |
| Dividend Payout Ratio | - | 32.07% | 48.68% | 53.21% | 23.54% | 36.24% | 67.33% | 192.46% | 700% | 18.16% | - | 121.78% | 47.04% | 46.55% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying GEN stock.
For fiscal year 2026, Gen Digital Inc. (GEN) reported total revenue of $5.00B. This represents a 958.9% increase compared to $472.2M in 1997.
Gen Digital Inc. (GEN) is profitable, generating $973.0M in net income for the fiscal year ending 2026 with a net profit margin of 19.5%.
Gen Digital Inc. (GEN) reported an operating income of $2.15B, resulting in an operating profit margin of 43.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Gen Digital Inc. (GEN) generated $3.92B in gross profit for the year, representing a gross profit margin of 78.5%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Leverage and Microsoft competition
Metrics are mathematically derived from official filings.
Acquisition-Driven Growth Masks Organic Pace
Based on reported quarterly figures, GEN's revenue rose from roughly $965M in 2025Q1 to $1.4B in 2027Q2, a step-change that the Avast combination appears to explain more than organic demand alone.
The 2025 to 2026 revenue ramp coincides with the Avast consolidation, so the reported year-over-year rates of 25 to 30 percent likely overstate underlying demand. Growth decelerated to single digits by 2027Q1 at 6.3 percent, which suggests the acquisition tailwind is fading and that organic expansion now carries the thesis. Investors should monitor whether growth holds once inorganic contribution is fully lapped.
Gross Margin Holding Above Seventy-Five Percent
As reported in the income statement, GEN's gross margin ran between 75.9 and 80.4 percent across the ten quarters, with the most recent print of 75.9 percent sitting about four points below the 2025 peak.
The compression from roughly 80 percent toward 76 percent is consistent with rising identity restoration and insurance-related variable costs embedded in the LifeLock bundle, rather than pure software economics. This mix shift suggests pricing power is intact but increasingly diluted by service-heavy revenue. Continued erosion would warrant scrutiny of whether the identity product is becoming a lower-margin growth lever.
Operating Leverage Peaked Then Normalized
Based on EDBL-style reporting logic applied here, GEN's operating margin climbed from 43.2 percent in 2025Q1 to a 63.4 percent print in 2026Q4 before settling at 37.0 percent in 2027Q2, indicating highly volatile operating leverage.
The 2026Q4 spike is driven by SG&A collapsing to $36M from a run-rate near $370M, a pattern that looks like a reporting or reclassification artifact rather than sustainable efficiency. Excluding that quarter, operating margin has hovered between 33 and 43 percent, which is still strong but below the 2025 level. The data does not clarify the SG&A anomaly, so the leverage conclusion should be treated cautiously.
Earnings Quality Clouded by Volatile Net Income
According to recent SEC filings as reproduced in this dataset, GEN's diluted EPS swung from $0.21 in 2026Q2 to $0.84 in 2026Q4, a range that exceeds what operating trends alone would normally produce.
The gap between operating income and net income in several quarters, such as 2026Q4 where $813M of operating income converted to $512M of net income, points to non-operating items, tax effects, or one-time charges that are not itemized here. Stock-based compensation of $31M to $66M per quarter is modest relative to net income, limiting dilution concerns but not explaining the swings. Analysts should treat reported EPS as provisional until the drivers of the variance are identified.
Growth Durability and Competitive Overhang Risks
Based on reported figures, the bear case centers on revenue growth slowing from over 30 percent to 6.3 percent within five quarters while leverage remains elevated, leaving limited room for error if platform competition intensifies.
Short-sellers would argue that the beat-and-raise narrative rests on acquisition accounting and a single strong quarter, while the underlying subscriber growth is decelerating. Microsoft's expansion of Defender for Individuals targets the same core antivirus customer and could compress ARPU over time. The current guidance implies continued but slower growth, which the valuation may not fully discount if retention weakens.