Illumina, Inc. (ILMN) Income Statement
ILMN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsILMN revenue and net income
Where ILMN's revenue goes
2025Each bar shows an amount and its share of revenue. ILMN kept 19.6% of revenue as net income.
ILMN profit margins
ILMN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.8% | −1.8% | +6.0% | +6.9% |
| Gross profit | +1.1% | −0.9% | +5.6% | +6.4% |
| Operating income | — | — | +17.1% | +3.5% |
| Net income | — | — | +5.3% | +6.3% |
| EPS (diluted) | +98.0% | +31.8% | +1.5% | +3.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ILMN quarterly EPS vs estimates
Illumina beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.38).
ILMN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.34B | $4.37B | $4.50B | $4.58B | $4.53B | $3.24B | $3.54B | $3.33B | $2.75B | $2.40B |
| Cost of revenue | $1.45B | $1.51B | $1.76B | $1.61B | $1.37B | $1.04B | $1.08B | $1.03B | $926.0M | $732.0M |
| Gross profit | $2.89B | $2.86B | $2.74B | $2.97B | $3.15B | $2.20B | $2.47B | $2.30B | $1.83B | $1.67B |
| Research & development | $951.0M | $1.17B | $1.35B | $1.32B | $1.19B | $682.0M | $647.0M | $623.0M | $546.0M | $504.4M |
| Sales, general & admin | $1.03B | $1.09B | $1.61B | $1.30B | $2.09B | $941.0M | $835.0M | $794.0M | $674.0M | $583.0M |
| Total operating expenses | $2.03B | $3.69B | $2.97B | $7.15B | $3.28B | $1.62B | $1.48B | $1.42B | $1.22B | $1.08B |
| Operating income | $864.0M | −$833.0M | −$1.07B | −$4.18B | −$123.0M | $393.0M | $985.0M | $883.0M | $606.0M | $587.0M |
| Interest income | $333.0M | $46.0M | $58.0M | $11.0M | $919.0M | $41.0M | $75.0M | $44.0M | $19.0M | $9.8M |
| Interest expense | $101.0M | $100.0M | $77.0M | $26.0M | $61.0M | $49.0M | $52.0M | $57.0M | $37.0M | $33.0M |
| Income before taxes | $1.09B | −$1.18B | −$1.12B | −$4.34B | $884.0M | $856.0M | $1.12B | $894.0M | $1.04B | $561.0M |
| Income taxes | $236.0M | $44.0M | $44.0M | $68.0M | $122.0M | $200.0M | $128.0M | $112.0M | $365.0M | $133.0M |
| Net income | $850.0M | −$1.22B | −$1.16B | −$4.40B | $762.0M | $656.0M | $1.00B | $826.0M | $726.0M | $462.6M |
| EBITDA | $1.46B | −$725.0M | −$1.07B | −$3.79B | $128.0M | $580.0M | $1.17B | $1.06B | $762.0M | $735.0M |
| EPS (diluted) | $4.85 | $2.45 | $0.87 | $2.12 | $5.96 | $4.50 | $6.58 | $5.72 | $4.01 | $3.39 |
| Gross margin | 66.7% | 65.4% | 60.9% | 64.8% | 69.7% | 68.0% | 69.6% | 69.0% | 66.4% | 69.5% |
| Operating margin | 19.9% | −19.1% | −23.7% | −91.2% | −2.7% | 12.1% | 27.8% | 26.5% | 22.0% | 24.5% |
| Net margin | 19.6% | −28.0% | −25.8% | −96.1% | 16.8% | 20.3% | 28.3% | 24.8% | 26.4% | 19.3% |
| 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 | $1.16B | $1.09B | $1.16B | $1.08B | $1.06B | $1.04B | $1.10B | $1.08B | $1.11B | $1.08B | $1.12B | $1.12B |
| Cost of revenue | $389.0M | $370.0M | $382.0M | $351.0M | $340.0M | $356.0M | $376.0M | $335.0M | $391.0M | $409.0M | $448.0M | $435.0M |
| Gross profit | $770.0M | $721.0M | $778.0M | $732.0M | $717.0M | $685.0M | $728.0M | $745.0M | $721.0M | $667.0M | $674.0M | $684.0M |
| Research & development | $252.0M | $240.0M | $238.0M | $228.0M | $243.0M | $241.0M | $255.0M | $253.0M | $325.0M | $338.0M | $341.0M | $315.0M |
| Sales, general & admin | $273.0M | $272.0M | $283.0M | $277.0M | $241.0M | $267.0M | $279.0M | $239.0M | $147.0M | $439.0M | $485.0M | $303.0M |
| Total operating expenses | $525.0M | $512.0M | $521.0M | $501.0M | $495.0M | $501.0M | $526.0M | $4.0M | $2.36B | $778.0M | $838.0M | $1.44B |
| Operating income | $245.0M | $209.0M | $257.0M | $231.0M | $222.0M | $184.0M | $202.0M | $741.0M | −$1.64B | −$111.0M | −$164.0M | −$754.0M |
| Interest income | — | $11.0M | $192.0M | $9.0M | $102.0M | $11.0M | $10.0M | $11.0M | $13.0M | $12.0M | $11.0M | $25.0M |
| Interest expense | — | $24.0M | $26.0M | $25.0M | $25.0M | $25.0M | $25.0M | $36.0M | $20.0M | $18.0M | $18.0M | $19.0M |
| Income before taxes | $260.0M | $157.0M | $378.0M | $220.0M | $306.0M | $182.0M | $188.0M | $720.0M | −$1.98B | −$109.0M | −$167.0M | −$782.0M |
| Income taxes | $53.0M | $23.0M | $44.0M | $70.0M | $71.0M | $51.0M | $1.0M | $15.0M | $12.0M | $17.0M | $8.0M | −$28.0M |
| Net income | $207.0M | $134.0M | $334.0M | $150.0M | $235.0M | $131.0M | $187.0M | $705.0M | −$1.99B | −$126.0M | −$175.0M | −$754.0M |
| EBITDA | $330.0M | $250.0M | $471.0M | $312.0M | $399.0M | $276.0M | $283.0M | $826.0M | −$1.85B | $17.0M | −$40.0M | −$655.0M |
| EPS (diluted) | $1.31 | $1.15 | $1.35 | $1.34 | $1.19 | $0.97 | $0.86 | $1.14 | $0.36 | $0.09 | $0.14 | $0.33 |
| Gross margin | 66.4% | 66.1% | 67.1% | 67.6% | 67.8% | 65.8% | 65.9% | 69.0% | 64.8% | 62.0% | 60.1% | 61.1% |
| Operating margin | 21.1% | 19.2% | 22.2% | 21.3% | 21.0% | 17.7% | 18.3% | 68.6% | −147.2% | −10.3% | −14.6% | −67.4% |
| Net margin | 17.9% | 12.3% | 28.8% | 13.9% | 22.2% | 12.6% | 16.9% | 65.3% | −178.8% | −11.7% | −15.6% | −67.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ILMN's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ILMN financial results
In fiscal year 2025 (ended December 31, 2025), Illumina reported revenue of $4.3 billion, down 0.8% from the year before. It had net income of $850.0 million, a net profit margin of 19.6%. Diluted earnings per share came to $4.85. Over five years revenue grew at an average rate of 6.0% a year.
See the ILMN stock overview for the latest quote and news, or the ILMN chart for price history and technical indicators.
ILMN income statement FAQ
What is Illumina's annual revenue?
Illumina reported total revenue of $4.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 0.8% from $4.4 billion the previous year.
Is Illumina profitable?
Yes. Illumina reported net income of $850.0 million in fiscal 2025, a net profit margin of 19.6%; its operating margin was 19.9%.
What is Illumina's gross margin?
Illumina's gross margin was 66.7% in fiscal 2025: for every $100 of revenue, Illumina kept $67 after the direct cost of its products and services.
How much does Illumina spend on research and development?
Illumina spent $951.0 million on research and development in fiscal 2025, 21.9% of revenue.
How fast is Illumina growing?
Revenue grew 6.0% a year on average over the last five fiscal years, from $3.2 billion to $4.3 billion.
What are Illumina's earnings per share?
Illumina earned $4.85 per diluted share in fiscal 2025, compared with $2.45 a year earlier.
When will Illumina report its next earnings?
Illumina is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Illumina's fiscal year end?
Illumina's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.