Commvault Systems, Inc. (CVLT) Income Statement
CVLT FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsCVLT revenue and net income
Where CVLT's revenue goes
FY2026Each bar shows an amount and its share of revenue. CVLT kept 6.0% of revenue as net income.
CVLT profit margins
CVLT growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.9% | +14.7% | +10.3% | +7.1% |
| Gross profit | +16.4% | +13.5% | +9.1% | +6.4% |
| Operating income | +43.2% | — | — | +38.4% |
| Net income | −7.2% | — | — | +86.9% |
| EPS (diluted) | +19.7% | +19.5% | +15.6% | +17.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CVLT quarterly EPS vs estimates
Commvault Systems beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.61).
CVLT income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $995.6M | $839.2M | $784.6M | $769.6M | $723.5M | $670.9M | $711.0M | $699.4M | $645.0M |
| Cost of revenue | $233.5M | $179.0M | $151.6M | $135.4M | $113.9M | $109.4M | $117.1M | $117.0M | $98.2M | $85.2M |
| Gross profit | $950.2M | $816.6M | $687.6M | $649.2M | $655.7M | $614.1M | $553.8M | $594.0M | $601.2M | $559.8M |
| Research & development | $162.2M | $146.3M | $132.3M | $141.8M | $153.6M | $133.4M | $110.0M | $92.6M | $94.2M | $83.5M |
| Sales, general & admin | $682.4M | $572.5M | $469.0M | $445.0M | $444.7M | $424.2M | $427.9M | $471.0M | $501.4M | $472.9M |
| Total operating expenses | $844.6M | $742.8M | $612.3M | $665.1M | $614.2M | $636.4M | $571.3M | $589.0M | $602.2M | $561.1M |
| Operating income | $105.6M | $73.7M | $75.4M | −$15.9M | $41.6M | −$22.3M | −$17.5M | $4.9M | −$946,000 | −$1.2M |
| Interest income | $21.8M | $6.7M | $5.4M | $1.3M | $656,000 | $1.0M | $5.0M | $5.5M | $2.2M | $1.2M |
| Interest expense | $3.8M | $416,000 | $415,000 | $472,000 | $109,000 | $127.3M | $30.2M | $0 | $1.2M | $957,000 |
| Income before taxes | $92.1M | $81.1M | $83.6M | −$15.4M | $43.4M | −$21.2M | −$12.5M | $10.4M | −$3.5M | −$2.0M |
| Income taxes | $21.5M | $4.9M | −$85.3M | $20.4M | $9.8M | $9.7M | −$6.9M | $6.9M | $58.4M | −$1.1M |
| Net income | $70.7M | $76.1M | $168.9M | −$35.8M | $33.6M | −$31.0M | −$5.6M | $3.6M | −$61.9M | $540,000 |
| EBITDA | $106.3M | $90.7M | $90.6M | −$4.6M | $54.5M | −$5.4M | $4.5M | $31.7M | $9.4M | $9.2M |
| EPS (diluted) | $4.37 | $3.65 | $2.99 | $2.56 | $2.52 | $2.12 | $1.41 | $1.81 | $1.03 | $1.03 |
| Gross margin | 80.3% | 82.0% | 81.9% | 82.7% | 85.2% | 84.9% | 82.5% | 83.5% | 86.0% | 86.8% |
| Operating margin | 8.9% | 7.4% | 9.0% | −2.0% | 5.4% | −3.1% | −2.6% | 0.7% | −0.1% | −0.2% |
| Net margin | 6.0% | 7.6% | 20.1% | −4.6% | 4.4% | −4.3% | −0.8% | 0.5% | −8.9% | 0.1% |
| 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 | $314.1M | $311.7M | $313.8M | $276.2M | $282.0M | $275.0M | $262.6M | $233.3M | $224.7M | $223.3M | $216.8M | $201.0M |
| Cost of revenue | $57.6M | $60.6M | $59.3M | $55.0M | $50.8M | $47.8M | $48.6M | $42.9M | $39.8M | $39.1M | $39.1M | $37.9M |
| Gross profit | $256.5M | $251.1M | $254.5M | $221.1M | $231.2M | $227.3M | $214.0M | $190.4M | $184.9M | $184.1M | $177.7M | $163.1M |
| Research & development | $39.5M | $40.1M | $42.2M | $39.9M | $40.1M | $39.3M | $40.0M | $33.8M | $33.1M | $35.2M | $34.4M | $31.3M |
| Sales, general & admin | $186.5M | $175.8M | $178.0M | $164.8M | $163.7M | $158.4M | $151.2M | $136.1M | $126.7M | $124.4M | $120.8M | $112.7M |
| Total operating expenses | $230.8M | $215.9M | $234.8M | $208.7M | $206.1M | $200.5M | $200.4M | $175.4M | $166.5M | $166.0M | $156.7M | $145.5M |
| Operating income | $25.7M | $35.2M | $19.8M | $12.5M | $25.1M | $26.7M | $13.6M | $15.0M | $18.4M | $18.2M | $21.1M | $17.6M |
| Interest income | $7.7M | $8.3M | $8.4M | $3.1M | $2.0M | $1.6M | $1.6M | $1.7M | $1.8M | $1.9M | $1.4M | $1.4M |
| Interest expense | $1.5M | $1.4M | $1.4M | $637,000 | $278,000 | $103,000 | $104,000 | $105,000 | $104,000 | $104,000 | $103,000 | $112,000 |
| Income before taxes | $32.2M | $23.1M | $27.0M | $15.1M | $26.9M | $28.6M | $15.1M | $16.7M | $20.7M | $23.1M | $22.3M | $18.7M |
| Income taxes | $11.1M | $8.5M | $9.2M | $370,000 | $3.4M | −$2.4M | $4.1M | $1.1M | $2.1M | −$103.1M | $5.2M | $5.7M |
| Net income | $21.1M | $14.6M | $17.8M | $14.7M | $23.5M | $31.0M | $11.0M | $15.6M | $18.5M | $126.1M | $17.1M | $13.0M |
| EBITDA | $28.0M | $27.1M | $32.3M | $18.7M | $29.9M | $31.2M | $18.0M | $18.8M | $22.7M | $25.0M | $24.0M | $20.4M |
| EPS (diluted) | $0.73 | $1.28 | $1.17 | $0.91 | $1.01 | $1.03 | $0.94 | $0.83 | $0.85 | $0.79 | $0.78 | $0.70 |
| Gross margin | 81.7% | 80.6% | 81.1% | 80.1% | 82.0% | 82.6% | 81.5% | 81.6% | 82.3% | 82.5% | 82.0% | 81.2% |
| Operating margin | 8.2% | 11.3% | 6.3% | 4.5% | 8.9% | 9.7% | 5.2% | 6.4% | 8.2% | 8.1% | 9.7% | 8.8% |
| Net margin | 6.7% | 4.7% | 5.7% | 5.3% | 8.3% | 11.3% | 4.2% | 6.7% | 8.2% | 56.5% | 7.9% | 6.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CVLT's financial statements (latest annual report filed May 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CVLT financial results
In fiscal year 2026 (ended March 31, 2026), Commvault Systems reported revenue of $1.2 billion, up 18.9% from the year before. It had net income of $70.7 million (down 7.2%), a net profit margin of 6.0%. Diluted earnings per share came to $4.37. Over five years revenue grew at an average rate of 10.3% a year.
See the CVLT stock overview for the latest quote and news, or the CVLT chart for price history and technical indicators.
CVLT income statement FAQ
What is Commvault Systems's annual revenue?
Commvault Systems reported total revenue of $1.2 billion for fiscal year 2026, which ended on March 31, 2026. That was up 18.9% from $995.6 million the previous year.
Is Commvault Systems profitable?
Yes. Commvault Systems reported net income of $70.7 million in fiscal 2026, a net profit margin of 6.0%; its operating margin was 8.9%.
What is Commvault Systems's gross margin?
Commvault Systems's gross margin was 80.3% in fiscal 2026: for every $100 of revenue, Commvault Systems kept $80 after the direct cost of its products and services.
How much does Commvault Systems spend on research and development?
Commvault Systems spent $162.2 million on research and development in fiscal 2026, 13.7% of revenue.
How fast is Commvault Systems growing?
Revenue grew 10.3% a year on average over the last five fiscal years, from $723.5 million to $1.2 billion.
What are Commvault Systems's earnings per share?
Commvault Systems earned $4.37 per diluted share in fiscal 2026, compared with $3.65 a year earlier.
When will Commvault Systems report its next earnings?
Commvault Systems is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Commvault Systems's fiscal year end?
Commvault Systems's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 11, 2026.