Revenue growth reached 7.4% in 2026Q4, while gross margins improved to 44.5% from 41.9% in 2026Q1, suggesting effective premium brand positioning despite operating margin pressure.
| Metric | 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 | 4.84B | 4.55B | 4.3B | 4.54B | 5.48B | 5.25B | 2.98B | 2.79B | 2.57B | 2.22B | 2.02B | 2B | 2.01B | 2.1B | 2.32B | 2.37B | 1.97B | 2.21B | 2.37B | 2.07B | 1.8B | 1.48B | 1.27B | 1.1B | 943.55M | 761.36M | 615.66M | 470.74M | 406.1M | 413.7M |
| Revenue Growth % | 6.28% | 5.97% | -5.3% | -17.19% | 4.36% | 76.5% | 6.73% | 8.63% | 15.55% | 10.08% | 0.66% | -0.16% | -4.35% | -9.37% | -2.14% | 20.34% | -10.96% | -6.82% | 14.71% | 15.02% | 21.18% | 16.88% | 15.29% | 16.61% | 23.93% | 23.66% | 30.79% | 15.92% | -1.84% | 16.54% |
| Cost of Goods Sold | 2.75B | 2.58B | 2.51B | 2.81B | 3.2B | 2.9B | 1.84B | 1.74B | 1.65B | 1.4B | 1.34B | 1.3B | 1.34B | 1.39B | 1.51B | 1.53B | 1.34B | 1.52B | 1.52B | 1.36B | 1.22B | 979.04M | 859.55M | 735.78M | 628M | 483.28M | 388.95M | 292.2M | 259.9M | 279.4M |
| COGS % of Revenue | 56.8% | 56.7% | 58.38% | 61.83% | 58.46% | 55.28% | 61.79% | 62.33% | 64.23% | 62.81% | 66.25% | 64.81% | 66.8% | 66.2% | 65.14% | 64.55% | 68.13% | 68.71% | 64.18% | 65.67% | 68.05% | 66.03% | 67.76% | 66.87% | 66.56% | 63.48% | 63.18% | 62.07% | 64% | 67.54% |
| Gross Profit | 2.09B | 1.97B | 1.79B | 1.73B | 2.28B | 2.35B | 1.14B | 1.05B | 918.12M | 826.22M | 681.05M | 705.46M | 666.74M | 709.63M | 807.53M | 839.11M | 626.9M | 691.23M | 849.12M | 709.52M | 574.11M | 503.59M | 408.92M | 364.5M | 315.55M | 278.08M | 226.71M | 178.54M | 146.2M | 134.3M |
| Gross Margin % | 43.2% | 43.3% | 41.62% | 38.17% | 41.54% | 44.72% | 38.21% | 37.67% | 35.77% | 37.19% | 33.75% | 35.19% | 33.2% | 33.8% | 34.86% | 35.45% | 31.87% | 31.29% | 35.82% | 34.33% | 31.95% | 33.97% | 32.24% | 33.13% | 33.44% | 36.52% | 36.82% | 37.93% | 36% | 32.46% |
| Gross Profit Growth % | 6.04% | 10.23% | 3.27% | -23.92% | -3.07% | 106.57% | 8.27% | 14.4% | 11.12% | 21.32% | -3.46% | 5.81% | -6.04% | -12.12% | -3.76% | 33.85% | -9.31% | -18.59% | 19.67% | 23.59% | 14% | 23.15% | 12.19% | 15.51% | 13.47% | 22.66% | 26.98% | 22.12% | 8.86% | 26.94% |
| Operating Expenses | 1.32B | 1.32B | 1.2B | 1.27B | 1.5B | 1.2B | 860.67M | 787.16M | 688.39M | 614.36M | 551.99M | 551.27M | 559M | 963.87M | 693.79M | 692.11M | 545.91M | 561.02M | 562.44M | 478.66M | 375.2M | 331.91M | 263.37M | 240.62M | 218.33M | 54.67M | 185.74M | 156.2M | 130M | 113.1M |
| OpEx % of Revenue | 27.19% | 28.92% | 27.96% | 28.07% | 27.42% | 22.87% | 28.92% | 28.23% | 26.82% | 27.66% | 27.35% | 27.5% | 27.84% | 45.91% | 29.95% | 29.24% | 27.76% | 25.4% | 23.73% | 23.16% | 20.88% | 22.39% | 20.76% | 21.87% | 23.14% | 7.18% | 30.17% | 33.18% | 32.01% | 27.34% |
| Selling, General & Admin | 983.76M | 974.81M | 882.5M | 933.83M | 1.17B | 937.05M | 626.63M | 586.04M | 531.37M | 479.91M | 420.03M | 447.74M | 435.4M | 546.27M | 531.63M | 535.34M | 410.09M | 432.27M | 437.89M | 370.41M | 287.25M | 258.01M | 202.08M | 184.43M | 167.8M | 164.43M | 134.06M | 109M | 88.8M | 75.1M |
| SG&A % of Revenue | 20.32% | 21.4% | 20.53% | 20.57% | 21.34% | 17.84% | 21.06% | 21.02% | 20.7% | 21.6% | 20.81% | 22.33% | 21.68% | 26.02% | 22.95% | 22.62% | 20.85% | 19.57% | 18.47% | 17.92% | 15.99% | 17.4% | 15.93% | 16.76% | 17.78% | 21.6% | 21.77% | 23.16% | 21.87% | 18.15% |
| Research & Development | 316.22M | 309.01M | 287.24M | 280.8M | 291.84M | 226.02M | 177.59M | 161.23M | 143.76M | 130.53M | 113.18M | 107.54M | 112.45M | 155.01M | 162.16M | 156.77M | 135.81M | 128.75M | 124.54M | 108.26M | 87.95M | 73.9M | 61.29M | 56.2M | 50.53M | 39.96M | 31.67M | 31.4M | 27.8M | 26.5M |
| R&D % of Revenue | 6.53% | 6.78% | 6.68% | 6.19% | 5.32% | 4.3% | 5.97% | 5.78% | 5.6% | 5.88% | 5.61% | 5.36% | 5.6% | 7.38% | 7% | 6.62% | 6.91% | 5.83% | 5.25% | 5.24% | 4.9% | 4.98% | 4.83% | 5.11% | 5.36% | 5.25% | 5.14% | 6.67% | 6.85% | 6.41% |
| Other Operating Expenses | 16.16M | 33.48M | 31.97M | 59.28M | 41.26M | 37.87M | 56.45M | 39.89M | 13.26M | 3.92M | 18.79M | -4.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -149.72M | 20.02M | 15.8M | 13.4M | 11.5M |
| Operating Income | 775.19M | 654.86M | 587.34M | 458.47M | 774.01M | 1.15B | 276.5M | 263.19M | 229.73M | 211.86M | 129.06M | 154.18M | 118.9M | 8.36M | 114M | 145.72M | 78.36M | 109.65M | 286.68M | 230.86M | 198.91M | 171.67M | 145.55M | 123.88M | 97.22M | 204.39M | 40.97M | 22.34M | 16.2M | 21.2M |
| Operating Margin % | 16.01% | 14.38% | 13.66% | 10.1% | 14.12% | 21.86% | 9.29% | 9.44% | 8.95% | 9.54% | 6.4% | 7.69% | 5.92% | 0.4% | 4.92% | 6.16% | 3.98% | 4.96% | 12.09% | 11.17% | 11.07% | 11.58% | 11.47% | 11.26% | 10.3% | 26.85% | 6.65% | 4.75% | 3.99% | 5.12% |
| Operating Income Growth % | 18.38% | 11.5% | 28.11% | -40.77% | -32.58% | 315.24% | 5.05% | 14.57% | 8.44% | 64.16% | -16.3% | 29.68% | 1323.06% | -92.67% | -21.77% | 85.95% | -28.54% | -61.75% | 24.18% | 16.06% | 15.87% | 17.95% | 17.49% | 27.43% | -52.44% | 398.88% | 83.38% | 37.91% | -23.58% | 116.33% |
| EBITDA | 775.19M | 734.62M | 672.08M | 559.18M | 892.55M | 1.23B | 350.25M | 330.85M | 286.63M | 262.35M | 178.41M | 193.69M | 166.86M | 83.69M | 193.47M | 222.37M | 149.26M | 161.84M | 335.9M | 270.98M | 233.43M | 204.03M | 176.96M | 154.45M | 128.99M | 226.43M | 60.98M | 38.14M | 29.6M | 32.7M |
| EBITDA Margin % | 16.01% | 16.13% | 15.64% | 12.32% | 16.28% | 23.43% | 11.77% | 11.87% | 11.17% | 11.81% | 8.84% | 9.66% | 8.31% | 3.99% | 8.35% | 9.4% | 7.59% | 7.33% | 14.17% | 13.11% | 12.99% | 13.76% | 13.95% | 14.04% | 13.67% | 29.74% | 9.91% | 8.1% | 7.29% | 7.9% |
| EBITDA Growth % | 5.52% | 9.3% | 20.19% | -37.35% | -27.48% | 251.38% | 5.86% | 15.42% | 9.26% | 47.05% | -7.89% | 16.08% | 99.38% | -56.74% | -13% | 48.98% | -7.77% | -51.82% | 23.96% | 16.08% | 14.41% | 15.3% | 14.57% | 19.74% | -43.03% | 271.29% | 59.89% | 28.85% | -9.48% | 65.15% |
| D&A (Non-Cash Add-back) | 0 | 79.76M | 84.75M | 100.72M | 118.54M | 82.57M | 73.75M | 67.65M | 56.9M | 50.49M | 49.35M | 39.51M | 47.97M | 75.34M | 79.47M | 76.66M | 70.89M | 52.19M | 49.22M | 40.12M | 34.52M | 32.36M | 31.4M | 30.57M | 31.77M | 22.04M | 20.02M | 15.8M | 13.4M | 11.5M |
| EBIT | 775.19M | 668.08M | 597.34M | 502.46M | 784.3M | 1.15B | 302.08M | 277.15M | 226.6M | 205.26M | 147.4M | 149.41M | 118.9M | 8.36M | 124.77M | 151.19M | 83.91M | 130.2M | 286.68M | 230.86M | 198.91M | 171.67M | 145.55M | 123.88M | 97.22M | 223.4M | 40.97M | 22.34M | 16.2M | 21.2M |
| Net Interest Income | 0 | 55M | 50.64M | 18.33M | 1.25M | 1.78M | 9.62M | 8.38M | 4.97M | 1.45M | 790K | 1.2M | -431K | 907K | 2.67M | 2.32M | 2.12M | 8.63M | 15.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 48.25M | 55M | 50.64M | 18.33M | 1.25M | 1.78M | 9.62M | 8.38M | 4.97M | 1.45M | 790K | 2.16M | 1.8M | 2.21M | 3.12M | 2.34M | 2.43M | 0 | 15.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.23M | 2.23M | 1.31M | 447K | 27K | 286K | 8.63M | 0 | 0 | 3.59M | 141K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 51.33M | 52.02M | 34.26M | 5.05M | 1.81M | -5K | 47.83M | 7.94M | 2.53M | 3.13M | 2.41M | -1.1M | -11.59M | -261.68M | 10.33M | 5.44M | 5.26M | 17.14M | -23.87M | 24.7M | 10.94M | 3.93M | 115K | -330K | -3.52M | -147.24M | -3.42M | -13.94M | 700K | 1.7M |
| Pretax Income | 826.52M | 706.87M | 621.6M | 463.52M | 775.82M | 1.15B | 324.33M | 271.13M | 232.26M | 214.99M | 131.47M | 153.08M | 107.3M | -253.33M | 124.33M | 151.16M | 83.62M | 126.79M | 262.81M | 255.56M | 209.85M | 175.61M | 145.67M | 123.55M | 93.69M | 57.15M | 37.55M | 8.4M | 16.9M | 22.9M |
| Pretax Margin % | 17.07% | 15.52% | 14.46% | 10.21% | 14.15% | 21.86% | 10.9% | 9.72% | 9.05% | 9.68% | 6.51% | 7.64% | 5.34% | -12.07% | 5.37% | 6.39% | 4.25% | 5.74% | 11.09% | 12.37% | 11.68% | 11.84% | 11.48% | 11.23% | 9.93% | 7.51% | 6.1% | 1.78% | 4.16% | 5.54% |
| Income Tax | 115.33M | 75.34M | 9.45M | 98.95M | 131.31M | 200.86M | -125.4M | 13.56M | 23.72M | 9.11M | 3.11M | 4.49M | 1.31M | -25.81M | 19.33M | 19.99M | 18.67M | 19.76M | 31.79M | 25.71M | 28.75M | 26.34M | 13.52M | 24.71M | 18.74M | 12.09M | 7.51M | 1.3M | 1.4M | 1.8M |
| Effective Tax Rate % | 13.95% | 10.66% | 1.52% | 21.35% | 16.92% | 17.49% | -38.66% | 5% | 10.21% | 4.24% | 2.37% | 2.93% | 1.22% | 10.19% | 15.55% | 13.22% | 22.32% | 15.59% | 12.1% | 10.06% | 13.7% | 15% | 9.28% | 20% | 20% | 21.15% | 20% | 15.48% | 8.28% | 7.86% |
| Net Income | 711.19M | 631.53M | 612.14M | 364.57M | 644.51M | 947.26M | 449.72M | 257.57M | 208.54M | 205.88M | 121.21M | 9.28M | 74.3M | -227.52M | 71.46M | 131.17M | 64.96M | 107.03M | 231.03M | 229.85M | 181.1M | 149.27M | 132.15M | 98.84M | 74.96M | 45.07M | 30.04M | 7.1M | 15.5M | 21.1M |
| Net Margin % | 14.69% | 13.86% | 14.24% | 8.03% | 11.76% | 18.04% | 15.11% | 9.24% | 8.12% | 9.27% | 6.01% | 0.46% | 3.7% | -10.84% | 3.09% | 5.54% | 3.3% | 4.85% | 9.75% | 11.12% | 10.08% | 10.07% | 10.42% | 8.98% | 7.94% | 5.92% | 4.88% | 1.51% | 3.82% | 5.1% |
| Net Income Growth % | 12.61% | 3.17% | 67.91% | -43.43% | -31.96% | 110.63% | 74.6% | 23.51% | 1.29% | 69.85% | 1205.73% | -87.51% | 132.66% | -418.39% | -45.52% | 101.94% | -39.31% | -53.67% | 0.51% | 26.91% | 21.33% | 12.95% | 33.7% | 31.87% | 66.32% | 50.01% | 323.15% | -54.19% | -26.54% | 157.32% |
| Net Income (Continuing) | 711.19M | 631.53M | 612.14M | 364.57M | 644.51M | 947.26M | 449.72M | 257.57M | 208.54M | 205.88M | 128.36M | 148.43M | 105.99M | -227.52M | 69.7M | 131.17M | 64.96M | 107.03M | 231.03M | 229.85M | 181.1M | 149.27M | 132.15M | 98.84M | 74.96M | 45.07M | 30.04M | 7.1M | 15.5M | 21.1M |
| 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 |
| Minority Interest | 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 |
| EPS (Diluted) | 4.80 | 4.13 | 3.87 | 2.23 | 3.78 | 5.51 | 2.66 | 1.52 | 1.23 | 1.16 | 0.72 | 0.81 | 0.46 | -1.44 | 0.41 | 0.72 | 0.36 | 0.59 | 1.23 | 1.20 | 0.91 | 0.75 | 0.66 | 0.48 | 0.37 | 2.40 | 1.72 | 0.45 | 1.96 | 0.15 |
| EPS Growth % | 16.22% | 6.72% | 73.54% | -41.01% | -31.4% | 107.14% | 75% | 23.58% | 6.03% | 61.11% | -11.11% | 76.09% | 131.94% | -451.22% | -43.06% | 100% | -38.98% | -52.03% | 2.5% | 31.87% | 21.33% | 13.64% | 37.5% | 29.73% | -84.58% | 39.53% | 282.22% | -77.04% | 1206.67% | 150% |
| EPS (Basic) | 4.85 | 4.17 | 3.90 | 2.25 | 3.85 | 5.62 | 2.70 | 1.56 | 1.27 | 1.18 | 0.73 | 0.83 | 0.47 | -1.44 | 0.41 | 0.73 | 0.37 | 0.60 | 1.27 | 1.26 | 1.00 | 0.84 | 0.73 | 0.54 | 0.42 | 2.67 | 1.89 | 0.46 | 2.05 | 3.01 |
| Diluted Shares Outstanding | 148.21M | 152.78M | 158.17M | 163.7M | 170.41M | 171.78M | 169.38M | 168.97M | 168.97M | 165.54M | 165.79M | 166.17M | 162.53M | 158.47M | 175.59M | 178.79M | 179.34M | 182.91M | 187.94M | 190.99M | 198.77M | 198.25M | 200.64M | 205.64M | 203.76M | 18.78M | 17.5M | 15.93M | 7.91M | 138.82M |
| Basic Shares Outstanding | 146.78M | 151.32M | 156.78M | 162.3M | 167.45M | 168.52M | 166.84M | 165.61M | 164.04M | 162.06M | 163.3M | 163.54M | 160.62M | 158.47M | 174.65M | 176.93M | 177.28M | 178.81M | 181.36M | 182.63M | 181.36M | 177.01M | 181.38M | 183.96M | 179.72M | 16.89M | 15.91M | 15.47M | 7.55M | 138.82M |
| Dividend Payout Ratio | - | 32.91% | 29.25% | 45.42% | 24.73% | 15.19% | 27.61% | 44.25% | 49.99% | 45.22% | 70.88% | 471.47% | 48.62% | - | - | - | - | - | - | - | - | - | - | - | - | 325.52% | - | - | - | 7.58% |
Cyclical PC demand volatility
According to the latest quarterly income statements, Logitech has maintained a consistent growth trajectory, with revenue reaching $1.1 billion in 2026Q4, reflecting a 7.4% year-over-year increase that suggests the company is successfully navigating the post-pandemic normalization phase within the broader computer hardware sector.
The steady revenue growth indicates that the company's diversified portfolio across gaming and productivity is effectively offsetting cyclical headwinds in the PC market. Investors should monitor whether this growth remains sustainable as the company faces potential saturation in its core peripheral segments.
As reported in recent financial filings, Logitech achieved a gross margin of 44.5% in 2026Q4, marking a notable improvement from the 41.9% observed in 2026Q1, which suggests that the company is successfully leveraging its premium brand positioning to mitigate inflationary pressures on component costs.
This margin expansion appears to be a direct result of disciplined pricing strategies and a favorable product mix shift toward higher-value gaming and enterprise hardware. The ability to sustain margins above 43% indicates a degree of pricing power that differentiates the firm from lower-tier commodity competitors.
Based on the provided income statement data, operating income scaled to $135.8 million in 2026Q4, yet the operating margin of 12.5% remains below the 20.1% peak seen in 2026Q3, suggesting that rising SG&A expenses are currently tempering the company's ability to fully capitalize on gross profit gains.
The fluctuation in operating margins implies that management is prioritizing market share and brand investment over immediate bottom-line maximization. Analysts should investigate whether the recent increase in SG&A is a temporary strategic push or a structural shift in the company's cost base.
Data from recent quarterly reports indicates that stock-based compensation reached $25.8 million in 2026Q4, a figure that warrants close scrutiny as it represents a meaningful portion of operating expenses and potentially dilutes the quality of reported net income for shareholders.
While net income remains positive, the consistent presence of stock-based compensation suggests that the company relies on equity-based incentives to manage talent costs. Investors should assess whether these non-cash charges are appropriately aligned with long-term value creation or if they mask underlying operational inefficiencies.
Quick answers to the most common questions about buying LOGI stock.
For fiscal year 2026, Logitech International S.A. (LOGI) reported total revenue of $4.84B. This represents a 1070.1% increase compared to $413.7M in 1997.
Logitech International S.A. (LOGI) is profitable, generating $711.2M in net income for the fiscal year ending 2026 with a net profit margin of 14.7%.
Logitech International S.A. (LOGI) reported an operating income of $775.2M, resulting in an operating profit margin of 16.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Logitech International S.A. (LOGI) generated $2.09B in gross profit for the year, representing a gross profit margin of 43.2%. This demonstrates the company's core pricing power and production efficiency.