Amphenol Corporation (APH) Income Statement
APH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAPH revenue and net income
Where APH's revenue goes
2025Each bar shows an amount and its share of revenue. APH kept 18.5% of revenue as net income.
APH profit margins
APH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +51.7% | +22.3% | +21.8% | +15.3% |
| Gross profit | +67.2% | +28.7% | +26.4% | +17.1% |
| Operating income | +78.7% | +31.1% | +28.9% | +18.1% |
| Net income | +76.2% | +30.9% | +28.8% | +18.8% |
| EPS (diluted) | +76.7% | +30.3% | +29.1% | +18.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
APH quarterly EPS vs estimates
Amphenol beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.72).
APH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.09B | $15.22B | $12.55B | $12.62B | $10.88B | $8.60B | $8.23B | $8.20B | $7.01B | $6.29B |
| Cost of revenue | $14.50B | $10.08B | $8.47B | $8.59B | $7.47B | $5.93B | $5.61B | $5.55B | $4.70B | $4.25B |
| Gross profit | $8.60B | $5.14B | $4.08B | $4.03B | $3.40B | $2.66B | $2.62B | $2.65B | $2.31B | $2.04B |
| Research & development | $647.0M | $453.0M | $342.2M | $323.6M | $317.7M | $260.7M | $234.2M | $220.9M | $193.7M | $166.1M |
| Sales, general & admin | $2.55B | $1.86B | $1.46B | $1.42B | $1.23B | $1.01B | $971.4M | $959.5M | $878.3M | $798.2M |
| Total operating expenses | $2.73B | $1.86B | $1.49B | $1.42B | $1.23B | $1.01B | $971.4M | $959.5M | $878.3M | $798.2M |
| Operating income | $5.87B | $3.28B | $2.56B | $2.61B | $2.18B | $1.65B | $1.64B | $1.70B | $1.43B | $1.24B |
| Interest income | $367.8M | $217.0M | $139.5M | $128.4M | $115.5M | $115.4M | $117.6M | $101.7M | $20.2M | $11.5M |
| Interest expense | $367.8M | $217.0M | $139.5M | $128.4M | $115.5M | $115.4M | $117.6M | $101.7M | $92.3M | $72.6M |
| Income before taxes | $5.60B | $3.01B | $2.45B | $2.47B | $1.99B | $1.53B | $1.50B | $1.59B | $1.35B | $1.14B |
| Income taxes | $1.30B | $570.3M | −$509.3M | $550.6M | $409.1M | $313.3M | $331.9M | $371.5M | $691.7M | $308.5M |
| Net income | $4.27B | $2.42B | $1.93B | $1.90B | $1.59B | $1.20B | $1.16B | $1.21B | $650.5M | $822.9M |
| EBITDA | $6.97B | $3.80B | $2.56B | $2.99B | $2.50B | $1.95B | $1.93B | $1.99B | $1.67B | $1.43B |
| EPS (diluted) | $3.34 | $1.89 | $1.51 | $1.51 | $1.25 | $0.93 | $0.94 | $0.95 | $0.82 | $0.68 |
| Gross margin | 37.2% | 33.8% | 32.5% | 31.9% | 31.3% | 31.0% | 31.8% | 32.4% | 32.9% | 32.5% |
| Operating margin | 25.4% | 21.6% | 20.4% | 20.7% | 20.0% | 19.2% | 20.0% | 20.7% | 20.4% | 19.7% |
| Net margin | 18.5% | 15.9% | 15.4% | 15.1% | 14.6% | 14.0% | 14.0% | 14.7% | 9.3% | 13.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.76B | $7.62B | $6.44B | $6.19B | $5.65B | $4.81B | $4.32B | $4.04B | $3.61B | $3.26B | $3.33B | $3.20B |
| Cost of revenue | $5.21B | $4.82B | $3.98B | $3.84B | $3.60B | $3.17B | $2.84B | $2.68B | $2.40B | $2.17B | $2.23B | $2.15B |
| Gross profit | $3.55B | $2.80B | $2.46B | $2.36B | $2.05B | $1.64B | $1.48B | $1.36B | $1.21B | $1.09B | $1.10B | $1.05B |
| Research & development | — | — | — | — | — | — | $453.0M | — | — | — | $342.2M | — |
| Sales, general & admin | — | $851.5M | $691.0M | $657.0M | $622.5M | $575.2M | $515.0M | $492.0M | $444.3M | $404.2M | $394.2M | $381.6M |
| Total operating expenses | $963.4M | $968.4M | $691.0M | $657.0M | $622.5M | $575.2M | $515.0M | $492.0M | $444.3M | $404.2M | $394.1M | $381.6M |
| Operating income | $2.58B | $1.83B | $1.77B | $1.70B | $1.43B | $1.07B | $965.7M | $864.9M | $768.8M | $684.8M | $706.3M | $666.9M |
| Interest income | — | — | $129.7M | $80.7M | $80.9M | $76.5M | $66.9M | $55.7M | — | — | — | $33.6M |
| Interest expense | $213.7M | $207.9M | $129.7M | $80.7M | $80.9M | $76.5M | $66.9M | $55.7M | $56.3M | $38.1M | $35.0M | $33.6M |
| Income before taxes | $2.39B | $1.65B | $1.65B | $1.64B | $1.35B | $962.9M | $910.4M | $775.0M | $663.8M | $662.7M | $665.5M | $633.5M |
| Income taxes | $604.3M | $702.4M | $443.6M | $385.8M | $247.3M | $218.7M | $158.4M | $166.1M | $135.1M | $110.7M | $146.3M | $115.2M |
| Net income | $1.77B | $943.3M | $1.20B | $1.25B | $1.09B | $737.8M | $746.2M | $604.4M | $524.8M | $548.7M | $514.4M | $513.9M |
| EBITDA | $2.91B | $2.34B | $2.03B | $1.95B | $1.64B | $1.28B | $1.12B | $1.03B | $843.7M | $804.6M | $815.5M | $768.1M |
| EPS (diluted) | $1.35 | $1.06 | $0.97 | $0.93 | $0.81 | $0.63 | $0.55 | $0.50 | $0.44 | $0.40 | $0.41 | $0.39 |
| Gross margin | 40.5% | 36.7% | 38.2% | 38.1% | 36.3% | 34.2% | 34.3% | 33.6% | 33.6% | 33.4% | 33.1% | 32.8% |
| Operating margin | 29.5% | 24.0% | 27.5% | 27.5% | 25.3% | 22.2% | 22.4% | 21.4% | 21.3% | 21.0% | 21.2% | 20.8% |
| Net margin | 20.2% | 12.4% | 18.6% | 20.1% | 19.3% | 15.3% | 17.3% | 15.0% | 14.5% | 16.9% | 15.5% | 16.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in APH's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
APH financial results
In fiscal year 2025 (ended December 31, 2025), Amphenol reported revenue of $23.1 billion, up 51.7% from the year before. It had net income of $4.3 billion (up 76.2%), a net profit margin of 18.5%. Diluted earnings per share came to $3.34. Over five years revenue grew at an average rate of 21.8% a year.
See the APH stock overview for the latest quote and news, or the APH chart for price history and technical indicators.
APH income statement FAQ
What is Amphenol's annual revenue?
Amphenol reported total revenue of $23.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 51.7% from $15.2 billion the previous year.
Is Amphenol profitable?
Yes. Amphenol reported net income of $4.3 billion in fiscal 2025, a net profit margin of 18.5%; its operating margin was 25.4%.
What is Amphenol's gross margin?
Amphenol's gross margin was 37.2% in fiscal 2025: for every $100 of revenue, Amphenol kept $37 after the direct cost of its products and services.
How much does Amphenol spend on research and development?
Amphenol spent $647.0 million on research and development in fiscal 2025, 2.8% of revenue.
How fast is Amphenol growing?
Revenue grew 21.8% a year on average over the last five fiscal years, from $8.6 billion to $23.1 billion.
What are Amphenol's earnings per share?
Amphenol earned $3.34 per diluted share in fiscal 2025, compared with $1.89 a year earlier.
When will Amphenol report its next earnings?
Amphenol is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Amphenol's fiscal year end?
Amphenol's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.