ICON Public Limited Company (ICLR) Income Statement
ICLR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsICLR revenue and net income
Where ICLR's revenue goes
2025Each bar shows an amount and its share of revenue. ICLR kept 2.8% of revenue as net income.
ICLR profit margins
ICLR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.4% | +2.1% | +24.2% | +18.0% |
| Gross profit | −10.7% | −0.6% | +21.9% | +12.6% |
| Operating income | −7.8% | +8.4% | +20.9% | +13.7% |
| Net income | −71.0% | −23.2% | −6.9% | −0.4% |
| EPS (diluted) | −12.3% | +1.5% | +13.5% | +12.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ICLR quarterly EPS vs estimates
ICON Public beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 27, 2026 (estimate $2.44).
ICLR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.25B | $8.28B | $8.12B | $7.74B | $5.48B | $2.80B | $2.81B | $2.60B | $1.76B | $1.67B |
| Cost of revenue | $6.08B | $5.85B | $5.72B | $5.53B | $3.97B | $1.99B | $1.97B | $1.83B | $1.03B | $961.3M |
| Gross profit | $2.18B | $2.44B | $2.40B | $2.21B | $1.51B | $808.0M | $831.7M | $769.5M | $727.0M | $705.2M |
| Sales, general & admin | $780.1M | $728.3M | $768.6M | $778.8M | $585.3M | $341.7M | $336.7M | $325.8M | $323.7M | $325.7M |
| Total operating expenses | $1.16B | $1.34B | $1.44B | $1.42B | $1.13B | $416.1M | $398.3M | $392.4M | $392.8M | $393.5M |
| Operating income | $1.01B | $1.10B | $956.2M | $795.2M | $378.5M | $391.5M | $433.4M | $373.4M | $338.3M | $311.7M |
| Interest income | $7.1M | $8.6M | $5.0M | $2.3M | $574,000 | $2.7M | $6.9M | $4.8M | $2.3M | $1.5M |
| Interest expense | $188.1M | $237.2M | $336.7M | $229.7M | $182.4M | $13.0M | $13.3M | $13.5M | $12.6M | $13.0M |
| Income before taxes | $252.5M | $869.2M | $624.1M | $564.7M | $194.5M | $380.8M | $427.0M | $368.4M | $327.7M | $300.2M |
| Income taxes | $23.1M | $77.7M | $11.7M | $59.4M | $41.3M | $47.9M | $51.1M | $45.6M | $46.6M | $38.0M |
| Net income | $229.3M | $791.5M | $612.3M | $505.3M | $153.2M | $327.8M | $374.0M | $322.8M | $281.5M | $262.2M |
| EBITDA | $823.6M | $1.56B | $1.52B | $1.37B | $694.1M | $488.8M | $501.8M | $451.8M | $402.0M | $379.4M |
| EPS (diluted) | $12.28 | $14.00 | $12.77 | $11.75 | $9.36 | $6.52 | $6.89 | $6.09 | $5.38 | $4.71 |
| Gross margin | 26.4% | 29.4% | 29.6% | 28.6% | 27.5% | 28.9% | 29.6% | 29.6% | 41.3% | 42.3% |
| Operating margin | 12.3% | 13.3% | 11.8% | 10.3% | 6.9% | 14.0% | 15.4% | 14.4% | 19.2% | 18.7% |
| Net margin | 2.8% | 9.6% | 7.5% | 6.5% | 2.8% | 11.7% | 13.3% | 12.4% | 16.0% | 15.7% |
| 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 | $2.06B | $2.03B | $2.19B | $2.04B | $2.02B | $2.00B | $2.04B | $2.03B | $2.12B | $2.09B | $2.07B | $2.06B |
| Cost of revenue | $1.67B | $1.56B | $1.69B | $1.59B | $1.46B | $1.44B | $1.44B | $1.44B | $1.49B | $1.47B | $1.45B | $1.45B |
| Gross profit | $388.5M | $477.9M | $500.9M | $456.0M | $561.6M | $558.7M | $599.4M | $591.4M | $626.6M | $619.0M | $620.5M | $606.0M |
| Sales, general & admin | $194.3M | $200.6M | $179.7M | $197.0M | $205.0M | $198.4M | $151.4M | $205.1M | $194.5M | $177.3M | $195.6M | $185.2M |
| Total operating expenses | $194.3M | $304.2M | $1.96B | $197.0M | $352.4M | $339.1M | $302.3M | $306.0M | $396.7M | $333.5M | $355.0M | $341.7M |
| Operating income | $194.2M | $173.7M | $230.4M | $258.9M | $209.2M | $219.6M | $297.0M | $285.4M | $229.9M | $285.5M | $265.6M | $264.3M |
| Interest income | $3.2M | $1.8M | $1.5M | $1.8M | $2.1M | $1.8M | $3.0M | $2.4M | $1.2M | $1.9M | $1.7M | $1.3M |
| Interest expense | $48.8M | $48.0M | $40.1M | $50.2M | $50.2M | $47.6M | $51.4M | $53.3M | $60.8M | $71.7M | $81.0M | $83.9M |
| Income before taxes | $92.2M | $127.6M | −$120.5M | $38.1M | $161.1M | $173.8M | $248.6M | $234.6M | $170.3M | $215.8M | $186.3M | $181.7M |
| Income taxes | $19.6M | $22.8M | — | $35.7M | −$21.9M | $19.6M | −$11.4M | $37.4M | $23.3M | $28.3M | −$30.2M | $18.0M |
| Net income | $72.6M | $104.8M | −$110.1M | $2.4M | $183.0M | $154.2M | $260.0M | $197.1M | $146.9M | $187.4M | $216.4M | $163.7M |
| EBITDA | $293.9M | $277.3M | $10.4M | $186.8M | $309.0M | $317.3M | $365.6M | $380.9M | $380.7M | $436.6M | $424.6M | $411.6M |
| EPS (diluted) | $2.35 | $2.22 | $2.52 | $3.31 | $3.26 | $3.19 | $3.43 | $3.35 | $3.75 | $3.47 | $3.46 | $3.30 |
| Gross margin | 18.8% | 23.5% | 22.9% | 22.3% | 27.8% | 27.9% | 29.4% | 29.1% | 29.6% | 29.6% | 30.0% | 29.5% |
| Operating margin | 9.4% | 8.5% | 10.5% | 12.7% | 10.4% | 11.0% | 14.6% | 14.1% | 10.8% | 13.7% | 12.9% | 12.9% |
| Net margin | 3.5% | 5.2% | −5.0% | 0.1% | 9.1% | 7.7% | 12.7% | 9.7% | 6.9% | 9.0% | 10.5% | 8.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ICLR's financial statements (latest annual report filed May 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ICLR financial results
In fiscal year 2025 (ended December 31, 2025), ICON Public reported revenue of $8.3 billion, down 0.4% from the year before. It had net income of $229.3 million (down 71.0%), a net profit margin of 2.8%. Diluted earnings per share came to $12.28. Over five years revenue grew at an average rate of 24.2% a year.
See the ICLR stock overview for the latest quote and news, or the ICLR chart for price history and technical indicators.
ICLR income statement FAQ
What is ICON Public's annual revenue?
ICON Public reported total revenue of $8.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 0.4% from $8.3 billion the previous year.
Is ICON Public profitable?
Yes. ICON Public reported net income of $229.3 million in fiscal 2025, a net profit margin of 2.8%; its operating margin was 12.3%.
What is ICON Public's gross margin?
ICON Public's gross margin was 26.4% in fiscal 2025: for every $100 of revenue, ICON Public kept $26 after the direct cost of its products and services.
How fast is ICON Public growing?
Revenue grew 24.2% a year on average over the last five fiscal years, from $2.8 billion to $8.3 billion.
What are ICON Public's earnings per share?
ICON Public earned $12.28 per diluted share in fiscal 2025, compared with $14.00 a year earlier.
When will ICON Public report its next earnings?
ICON Public is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does ICON Public's fiscal year end?
ICON Public's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 27, 2026.