Arrow Electronics, Inc. (ARW) Income Statement
ARW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsARW revenue and net income
Where ARW's revenue goes
2025Each bar shows an amount and its share of revenue. ARW kept 1.9% of revenue as net income.
ARW profit margins
ARW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.5% | −6.0% | +1.5% | +2.9% |
| Gross profit | +5.3% | −10.5% | +1.7% | +1.3% |
| Operating income | +22.1% | −23.2% | +1.0% | +1.3% |
| Net income | +45.7% | −26.3% | −0.5% | +1.4% |
| EPS (diluted) | +4.6% | −21.0% | +7.1% | +5.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ARW quarterly EPS vs estimates
Arrow Electronics beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $4.98).
ARW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.85B | $27.92B | $33.11B | $37.12B | $34.48B | $28.67B | $28.92B | $29.68B | $26.81B | $23.83B |
| Cost of revenue | $27.39B | $24.63B | $28.96B | $32.29B | $30.27B | $25.48B | $25.62B | $25.98B | $23.46B | $20.68B |
| Gross profit | $3.47B | $3.29B | $4.15B | $4.84B | $4.20B | $3.19B | $3.30B | $3.70B | $3.36B | $3.14B |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $2.39B | $2.22B | $2.48B | $2.57B | $2.44B | $2.09B | $2.22B | $2.31B | $2.16B | $2.05B |
| Total operating expenses | $2.53B | $2.52B | $2.68B | $2.77B | $2.65B | $2.30B | $3.19B | $2.50B | $2.32B | $2.21B |
| Operating income | $938.3M | $768.6M | $1.47B | $2.07B | $1.56B | $894.5M | $107.7M | $1.15B | $928.5M | $858.5M |
| Interest income | $102.0M | $273.3M | $303.0M | $180.8M | $115.3M | $132.4M | $194.7M | $231.3M | $168.4M | $140.8M |
| Interest expense | $215.1M | $269.8M | $328.7M | $185.6M | $131.7M | $137.2M | $265.3M | $214.8M | $157.0M | $150.7M |
| Income before taxes | $717.9M | $489.3M | $1.16B | $1.88B | $1.44B | $759.3M | −$111.8M | $909.4M | $694.3M | $715.4M |
| Income taxes | $148.2M | $95.8M | $255.0M | $449.0M | $325.9M | $172.8M | $88.3M | $187.8M | $287.1M | $190.7M |
| Net income | $571.3M | $392.1M | $903.5M | $1.43B | $1.11B | $584.4M | −$204.1M | $716.2M | $402.0M | $522.8M |
| EBITDA | $1.07B | $1.12B | $1.67B | $2.26B | $1.76B | $1.09B | $281.7M | $1.38B | $1.16B | $1.06B |
| EPS (diluted) | $11.03 | $10.54 | $17.09 | $22.35 | $15.59 | $7.81 | $7.50 | $8.83 | $7.57 | $6.64 |
| Gross margin | 11.2% | 11.8% | 12.5% | 13.0% | 12.2% | 11.1% | 11.4% | 12.5% | 12.5% | 13.2% |
| Operating margin | 3.0% | 2.8% | 4.4% | 5.6% | 4.5% | 3.1% | 0.4% | 3.9% | 3.5% | 3.6% |
| Net margin | 1.9% | 1.4% | 2.7% | 3.8% | 3.2% | 2.0% | −0.7% | 2.4% | 1.5% | 2.2% |
| 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 | $9.99B | $9.47B | $8.75B | $7.71B | $7.58B | $6.81B | $7.28B | $6.82B | $6.89B | $6.92B | $7.85B | $8.01B |
| Cost of revenue | $8.87B | $8.42B | $7.74B | $6.88B | $6.73B | $6.04B | $6.48B | $6.04B | $6.05B | $6.07B | $6.86B | $7.03B |
| Gross profit | $1.13B | $1.05B | $1.01B | $835.3M | $848.7M | $774.0M | $803.3M | $784.8M | $846.4M | $857.8M | $989.5M | $979.6M |
| Sales, general & admin | $688.1M | $656.1M | $639.5M | $587.9M | $601.7M | $562.3M | $548.9M | $536.5M | $554.6M | $585.2M | $591.3M | $564.0M |
| Total operating expenses | $747.9M | $656.1M | $673.4M | $656.3M | $658.1M | $615.4M | $608.2M | $609.6M | $634.2M | $671.9M | $672.9M | $639.5M |
| Operating income | $377.3M | $398.3M | $335.3M | $179.0M | $190.6M | $158.6M | $195.1M | $175.3M | $212.3M | $185.9M | $316.7M | $340.1M |
| Interest income | — | — | $40.8M | $49.6M | $43.0M | $54.7M | $65.0M | $58.2M | — | — | — | $86.9M |
| Interest expense | $64.8M | $48.5M | $43.8M | $66.0M | $60.3M | $56.2M | $60.4M | $62.9M | $66.9M | $79.6M | $82.1M | $82.2M |
| Income before taxes | $353.1M | $307.3M | $253.0M | $128.8M | $233.0M | $103.1M | $128.7M | $116.1M | $139.4M | $105.1M | $250.0M | $252.3M |
| Income taxes | $80.3M | $71.2M | $59.4M | $19.5M | $45.9M | $23.3M | $28.8M | $15.2M | $29.8M | $22.0M | $53.8M | $52.2M |
| Net income | $272.7M | $235.1M | $194.6M | $109.2M | $187.7M | $79.7M | $99.2M | $100.6M | $108.7M | $83.6M | $194.5M | $198.7M |
| EBITDA | $388.7M | $294.8M | $330.7M | $227.6M | $328.4M | $82.7M | $240.6M | $219.6M | $247.3M | $226.5M | $375.2M | $379.5M |
| EPS (diluted) | $5.45 | $5.22 | $4.39 | $2.41 | $2.43 | $1.80 | $2.97 | $2.38 | $2.78 | $2.41 | $3.98 | $4.14 |
| Gross margin | 11.3% | 11.1% | 11.5% | 10.8% | 11.2% | 11.4% | 11.0% | 11.5% | 12.3% | 12.4% | 12.6% | 12.2% |
| Operating margin | 3.8% | 4.2% | 3.8% | 2.3% | 2.5% | 2.3% | 2.7% | 2.6% | 3.1% | 2.7% | 4.0% | 4.2% |
| Net margin | 2.7% | 2.5% | 2.2% | 1.4% | 2.5% | 1.2% | 1.4% | 1.5% | 1.6% | 1.2% | 2.5% | 2.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ARW's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ARW financial results
In fiscal year 2025 (ended December 31, 2025), Arrow Electronics reported revenue of $30.9 billion, up 10.5% from the year before. It had net income of $571.3 million (up 45.7%), a net profit margin of 1.9%. Diluted earnings per share came to $11.03. Over five years revenue grew at an average rate of 1.5% a year.
See the ARW stock overview for the latest quote and news, or the ARW chart for price history and technical indicators.
ARW income statement FAQ
What is Arrow Electronics's annual revenue?
Arrow Electronics reported total revenue of $30.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.5% from $27.9 billion the previous year.
Is Arrow Electronics profitable?
Yes. Arrow Electronics reported net income of $571.3 million in fiscal 2025, a net profit margin of 1.9%; its operating margin was 3.0%.
What is Arrow Electronics's gross margin?
Arrow Electronics's gross margin was 11.2% in fiscal 2025: for every $100 of revenue, Arrow Electronics kept $11 after the direct cost of its products and services.
How fast is Arrow Electronics growing?
Revenue grew 1.5% a year on average over the last five fiscal years, from $28.7 billion to $30.9 billion.
What are Arrow Electronics's earnings per share?
Arrow Electronics earned $11.03 per diluted share in fiscal 2025, compared with $10.54 a year earlier.
When will Arrow Electronics report its next earnings?
Arrow Electronics is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Arrow Electronics's fiscal year end?
Arrow Electronics's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.