Amdocs Limited (DOX) Balance Sheet
DOX balance sheet, FY2025
September 30, 2025 · U.S. dollars$6.25B assets = $2.78B liabilities + $3.47B equity
Both columns are drawn to the same scale: what DOX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DOX financial health
Current ratio1.17
Adequate · current assets cover current liabilities 1.17×
Debt / equity0.24
Low leverage · $0.24 of debt for each $1 of equity
Equity / assets54.9%
Equity-funded · of assets funded by shareholders
Cash / debt39.3%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles48.8%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
DOX balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.33BFY2016 | $6.25BFY2025 | +1.8%/yr | |
| Total liabilities | $1.88BFY2016 | $2.78BFY2025 | +4.5%/yr | |
| Shareholders’ equity | $3.45BFY2016 | $3.43BFY2025 | −0.1%/yr | |
| Cash & short-term investments | $1.10BFY2016 | $325.0MFY2025 | −12.6%/yr | |
| Total debt | $200.0MFY2016 | $826.4MFY2025 | +17.1%/yr | |
| Net cash (debt) | $895.7MFY2016 | −$501.4MFY2025 | −$1.4B | |
| Working capital | $734.4MFY2016 | $233.3MFY2025 | −$501.0M | |
| Book value per share | $22.84FY2016 | $30.69FY2025 | +3.3%/yr | |
| Current ratio | 1.54FY2016 | 1.17FY2025 | −0.37 | |
| Debt / equity | 0.06FY2016 | 0.24FY2025 | +0.18 | |
| Shares outstanding | 151.2MFY2016 | 111.7MFY2025 | −3.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DOX assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
DOX liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
DOX debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DOX balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $325.0M | $514.3M | $742.5M | $818.0M | $965.6M | $983.9M | $471.6M | $519.2M | $979.6M | $1.10B |
| Cash & equivalents | $325.0M | $346.1M | $520.1M | $573.4M | $709.1M | $983.2M | $471.6M | $418.8M | $649.6M | $768.7M |
| Short-term investments | $0 | $168.2M | $222.5M | $244.6M | $256.5M | $752,000 | $0 | $100.4M | $330.0M | $327.1M |
| Receivables | $935.8M | $1.03B | $944.5M | $946.8M | $866.8M | $861.0M | $987.9M | $971.5M | $865.1M | $818.5M |
| Inventory | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $331.4M | $228.5M | $224.6M | $238.4M | $235.1M | $229.6M | $216.1M | $230.0M | $203.8M | $186.1M |
| Total current assets | $1.59B | $1.77B | $1.91B | $2.00B | $2.07B | $2.07B | $1.68B | $1.72B | $2.05B | $2.10B |
| Property, plant & equipment (net) | $950.6M | $904.9M | $951.9M | $971.2M | $931.9M | $903.4M | $525.3M | $496.6M | $355.7M | $331.7M |
| Goodwill & intangible assets | $3.05B | $3.01B | $2.93B | $2.84B | $2.88B | $2.87B | $2.67B | $2.71B | $2.40B | $2.49B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $660.1M | $704.5M | $631.6M | $574.9M | $630.7M | $488.6M | $423.9M | $420.4M | $476.7M | $406.1M |
| Total assets | $6.25B | $6.39B | $6.43B | $6.39B | $6.51B | $6.34B | $5.29B | $5.35B | $5.28B | $5.33B |
| Liabilities | ||||||||||
| Accounts payable | $371.2M | $305.9M | $293.3M | $134.4M | $121.2M | $110.1M | $176.5M | $194.7M | $1.06B | $136.7M |
| Short-term debt | $38.7M | $40.0M | $40.0M | $43.3M | $58.7M | $159.1M | $732.7M | $27.8M | $375.2M | $200.0M |
| Deferred revenue | $118.9M | $115.2M | $170.6M | $253.7M | $237.4M | $126.8M | $118.2M | $132.4M | $113.1M | $173.3M |
| Total current liabilities | $1.36B | $1.47B | $1.35B | $1.25B | $1.30B | $1.22B | $1.21B | $1.29B | $1.17B | $1.37B |
| Long-term debt | $646.9M | $646.3M | $645.7M | $645.1M | $644.6M | $644.0M | $0 | $0 | $0 | $0 |
| Lease obligations | $179.5M | $143.4M | $161.6M | $181.7M | $236.6M | $289.2M | — | — | — | — |
| Other long-term liabilities | $773.5M | $769.8M | $859.6M | $932.3M | $928.2M | $816.2M | $542.4M | $560.8M | $532.4M | $511.8M |
| Total liabilities | $2.78B | $2.89B | $2.86B | $2.83B | $2.88B | $2.68B | $1.75B | $1.86B | $1.71B | $1.88B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.6M | $4.6M | $4.6M | $4.5M | $4.5M | $4.5M | $4.5M | $4.4M | $4.4M | $4.4M |
| Retained earnings (deficit) | $7.16B | $6.83B | $6.55B | $6.21B | $5.85B | $5.34B | $5.01B | $4.67B | $4.46B | $4.14B |
| Treasury stock | — | — | — | — | — | — | −$5.18B | −$4.78B | −$4.37B | −$4.02B |
| Accumulated other comprehensive income | $22.6M | −$4.4M | −$53.3M | −$72.5M | $9.3M | $11.7M | −$2.5M | −$32.7M | $18.8M | $6.1M |
| Minority interest | $41.2M | $42.2M | $43.2M | $42.5M | — | — | — | — | — | — |
| Total shareholders' equity | $3.43B | $3.46B | $3.52B | $3.52B | $3.59B | $3.62B | $3.50B | $3.45B | $3.57B | $3.45B |
| Key figures | ||||||||||
| Total debt | $826.4M | $789.7M | $807.3M | $826.8M | $881.2M | $1.03B | $732.7M | $27.8M | $375.2M | $200.0M |
| Net cash (debt) | −$501.4M | −$275.4M | −$64.8M | −$8.9M | $84.4M | −$49.3M | −$261.1M | $491.4M | $604.4M | $895.7M |
| Working capital | $233.3M | $300.3M | $558.3M | $750.5M | $763.6M | $858.4M | $467.6M | $425.8M | $875.5M | $734.4M |
| Tangible book value | $382.5M | $451.3M | $593.2M | $676.6M | $711.0M | $747.7M | $832.0M | $738.7M | $1.18B | $960.4M |
| Book value per share | $30.69 | $30.34 | $29.74 | $28.86 | $28.07 | $27.19 | $25.52 | $24.00 | $24.24 | $22.84 |
| Shares outstanding | 111.7M | 114.0M | 118.5M | 121.9M | 128.0M | 133.2M | 137.2M | 143.7M | 147.4M | 151.2M |
| Current ratio | 1.17 | 1.20 | 1.41 | 1.60 | 1.59 | 1.71 | 1.39 | 1.33 | 1.75 | 1.54 |
| Quick ratio | 0.93 | 1.05 | 1.25 | 1.41 | 1.41 | 1.52 | 1.21 | 1.15 | 1.57 | 1.40 |
| Debt / equity | 0.24 | 0.23 | 0.23 | 0.24 | 0.25 | 0.29 | 0.21 | 0.01 | 0.10 | 0.06 |
| Equity / assets | 54.9% | 54.1% | 54.8% | 55.0% | 55.2% | 57.1% | 66.1% | 64.5% | 67.7% | 64.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $206.5M | $214.5M | $247.9M | $325.0M | $342.5M | $323.7M | $349.0M | $514.3M | $502.2M | $544.4M | $600.9M | $742.5M |
| Cash & equivalents | $206.5M | $214.5M | $247.9M | $325.0M | $267.3M | $247.4M | $213.8M | $346.1M | $318.0M | $342.9M | $382.9M | $520.1M |
| Short-term investments | — | — | — | $0 | $75.2M | $76.4M | $135.2M | $168.2M | $184.2M | $201.4M | $218.0M | $222.5M |
| Receivables | $1.01B | $938.2M | $962.8M | $935.8M | $956.6M | $957.9M | $990.9M | $1.03B | $1.02B | $1.04B | $1.03B | $944.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 |
| Other current assets | $376.7M | $364.3M | $333.2M | $331.4M | $352.8M | $279.7M | $266.9M | $228.5M | $242.8M | $223.2M | $215.9M | $224.6M |
| Total current assets | $1.59B | $1.52B | $1.54B | $1.59B | $1.65B | $1.56B | $1.61B | $1.77B | $1.76B | $1.81B | $1.85B | $1.91B |
| Property, plant & equipment (net) | $901.7M | $918.4M | $923.8M | $950.6M | $961.3M | $874.8M | $889.9M | $904.9M | $921.0M | $928.9M | $939.8M | $951.9M |
| Goodwill & intangible assets | $3.22B | $3.24B | $3.25B | $3.05B | $3.04B | $3.06B | $3.07B | $3.01B | $3.02B | $3.02B | $3.04B | $2.93B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $698.0M | $684.5M | $628.8M | $660.1M | $675.5M | $712.7M | $730.2M | $704.5M | $691.7M | $644.9M | $645.1M | $631.6M |
| Total assets | $6.42B | $6.36B | $6.34B | $6.25B | $6.33B | $6.20B | $6.29B | $6.39B | $6.40B | $6.40B | $6.47B | $6.43B |
| Liabilities | ||||||||||||
| Accounts payable | $343.8M | $344.1M | $374.9M | $371.2M | $407.1M | $346.2M | $320.8M | $305.9M | $338.2M | $312.0M | $278.6M | $293.3M |
| Short-term debt | $314.7M | $286.0M | $167.8M | $38.7M | $39.8M | $38.8M | $38.6M | $40.0M | $40.1M | $39.5M | $41.4M | $40.0M |
| Deferred revenue | $144.3M | $152.4M | $125.2M | $118.9M | $128.4M | $139.6M | $116.1M | $115.2M | $133.2M | $127.4M | $149.8M | $170.6M |
| Total current liabilities | $1.70B | $1.55B | $1.46B | $1.36B | $1.35B | $1.34B | $1.38B | $1.47B | $1.42B | $1.37B | $1.44B | $1.35B |
| Long-term debt | $647.4M | $647.2M | $647.1M | $646.9M | $646.7M | $646.6M | $646.4M | $646.3M | $646.1M | $646.0M | $645.8M | $645.7M |
| Lease obligations | $159.6M | $170.6M | $175.3M | $179.5M | $191.9M | $141.1M | $147.3M | $143.4M | $152.8M | $157.3M | $158.5M | $161.6M |
| Other long-term liabilities | $738.9M | $745.9M | $771.1M | $773.5M | $788.9M | $715.2M | $756.6M | $769.8M | $781.0M | $801.7M | $787.7M | $859.6M |
| Total liabilities | $3.09B | $2.94B | $2.88B | $2.78B | $2.79B | $2.70B | $2.79B | $2.89B | $2.85B | $2.82B | $2.87B | $2.86B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.7M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M |
| Retained earnings (deficit) | $7.35B | $7.34B | $7.27B | $7.16B | $7.13B | $7.03B | $6.93B | $6.83B | $6.80B | $6.71B | $6.65B | $6.55B |
| Accumulated other comprehensive income | $1.4M | −$178,000 | $19.1M | $22.6M | $29.3M | −$5.0M | −$1.3M | −$4.4M | −$10.6M | −$7.4M | −$6.5M | −$53.3M |
| Minority interest | $41.0M | $41.1M | $42.1M | $41.2M | $42.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.29B | $3.38B | $3.42B | $3.43B | $3.50B | $3.46B | $3.46B | $3.46B | $3.50B | $3.54B | $3.56B | $3.52B |
| Key figures | ||||||||||||
| Total debt | $1.09B | $1.07B | $952.4M | $826.4M | $838.6M | $787.7M | $793.8M | $789.7M | $798.9M | $803.3M | $804.4M | $807.3M |
| Net cash (debt) | −$880.6M | −$853.3M | −$704.5M | −$501.4M | −$496.2M | −$464.0M | −$444.8M | −$275.4M | −$296.8M | −$258.9M | −$203.4M | −$64.8M |
| Working capital | −$109.7M | −$30.3M | $83.1M | $233.3M | $300.7M | $220.7M | $221.9M | $300.3M | $341.5M | $437.5M | $410.4M | $558.3M |
| Tangible book value | $62.7M | $138.4M | $175.4M | $382.5M | $459.9M | $405.0M | $397.4M | $451.3M | $484.7M | $520.6M | $519.2M | $593.2M |
| Book value per share | $31.10 | $31.47 | $31.54 | $31.22 | $31.51 | $30.76 | $30.54 | $29.92 | $30.33 | $30.26 | $30.84 | $29.64 |
| Shares outstanding | 105.7M | 107.5M | 108.5M | 109.9M | 111.2M | 112.5M | 113.4M | 115.5M | 115.5M | 117.1M | 115.4M | 118.9M |
| Current ratio | 0.94 | 0.98 | 1.06 | 1.17 | 1.22 | 1.16 | 1.16 | 1.20 | 1.24 | 1.32 | 1.29 | 1.41 |
| Quick ratio | 0.71 | 0.74 | 0.83 | 0.93 | 0.96 | 0.96 | 0.97 | 1.05 | 1.07 | 1.16 | 1.14 | 1.25 |
| Debt / equity | 0.33 | 0.32 | 0.28 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 |
| Equity / assets | 51.2% | 53.1% | 54.0% | 54.9% | 55.3% | 55.8% | 55.0% | 54.1% | 54.8% | 55.3% | 55.0% | 54.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 15, 2025); data from EODHD.
DOX financial position
At the end of fiscal 2025 (September 30, 2025), Amdocs had total assets of $6.2 billion (down 2.1% from a year earlier), total liabilities of $2.8 billion and shareholders' equity of $3.4 billion. It held $325.0 million in cash and short-term investments against $826.4 million of debt, net debt of $501.4 million. Its current ratio was 1.17. In the latest quarter (ended June 30, 2026) total assets were $6.4 billion and equity $3.3 billion.
Related: DOX income statement, DOX cash flow statement, DOX key metrics. See the DOX stock overview for the latest quote and news.
DOX balance sheet FAQ
What are Amdocs's total assets?
Amdocs reported total assets of $6.2 billion at the end of fiscal 2025 (September 30, 2025), compared with $6.4 billion a year earlier.
How much debt does Amdocs have?
Amdocs had $826.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.24.
How much cash does Amdocs have?
Amdocs held $325.0 million in cash and short-term investments at the end of fiscal 2025; with $826.4 million of debt that is net debt of $501.4 million.
What is Amdocs's book value?
Amdocs's shareholders' equity (book value) was $3.4 billion at the end of fiscal 2025, or $30.69 per share.
What is Amdocs's current ratio?
Amdocs had current assets of $1.6 billion and current liabilities of $1.4 billion, a current ratio of 1.17 (it can cover its short-term obligations).
How much goodwill does Amdocs have?
Amdocs carried $3.0 billion of goodwill and intangible assets, 48.8% of total assets, at the end of fiscal 2025.