The New York Times Company (NYT) Income Statement
NYT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNYT revenue and net income
Where NYT's revenue goes
2025Each bar shows an amount and its share of revenue. NYT kept 12.2% of revenue as net income.
NYT profit margins
NYT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.2% | +7.0% | +9.6% | +6.0% |
| Gross profit | +12.4% | +9.3% | +11.7% | +4.1% |
| Operating income | +28.4% | +30.7% | +20.7% | +12.7% |
| Net income | +17.1% | +25.5% | +28.0% | +18.5% |
| EPS (diluted) | +22.9% | +26.2% | +20.6% | +13.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NYT quarterly EPS vs estimates
New York Times beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.67).
NYT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.82B | $2.59B | $2.43B | $2.31B | $2.07B | $1.78B | $1.81B | $1.75B | $1.68B | $1.56B |
| Cost of revenue | $1.39B | $1.31B | $1.25B | $1.21B | $1.04B | $959.3M | $988.2M | $947.9M | $616.3M | $629.4M |
| Gross profit | $1.44B | $1.28B | $1.18B | $1.10B | $1.04B | $824.3M | $824.0M | $800.7M | $1.06B | $926.0M |
| Research & development | $264.3M | $248.2M | $228.8M | $204.2M | $160.9M | $132.4M | $106.4M | $84.1M | $0 | $0 |
| Sales, general & admin | $635.1M | $586.4M | $571.3M | $556.8M | $545.1M | $452.6M | $336.9M | $472.3M | $875.9M | $709.5M |
| Total operating expenses | $984.5M | $925.3M | $900.8M | $897.4M | $767.3M | $648.1M | $648.4M | $610.5M | $882.7M | $813.3M |
| Operating income | $450.7M | $351.1M | $276.3M | $202.0M | $268.0M | $176.3M | $175.6M | $190.2M | $176.6M | $112.7M |
| Interest income | $38.3M | $37.5M | $22.1M | $40.7M | $32.9M | $23.3M | $21.6M | $14.5M | $9.9M | $9.0M |
| Interest expense | $1.2M | $1.0M | $1.0M | $800,000 | $769,000 | $727,000 | $3.8M | $31.1M | $29.7M | $43.8M |
| Income before taxes | $451.3M | $383.4M | $302.6M | $236.0M | $290.5M | $115.4M | $164.5M | $176.1M | $111.2M | $30.5M |
| Income taxes | $107.3M | $89.6M | $69.8M | $62.1M | $70.5M | $14.6M | $24.5M | $48.6M | $104.0M | $4.4M |
| Net income | $344.0M | $293.8M | $232.4M | $173.9M | $220.0M | $100.1M | $140.0M | $125.7M | $4.3M | $29.1M |
| EBITDA | $547.6M | $476.5M | $398.9M | $328.6M | $358.3M | $186.9M | $259.4M | $266.2M | $202.8M | $136.1M |
| EPS (diluted) | $2.47 | $2.01 | $1.64 | $1.23 | $1.28 | $0.97 | $0.92 | $0.81 | $0.81 | $0.57 |
| Gross margin | 50.8% | 49.4% | 48.5% | 47.6% | 49.9% | 46.2% | 45.5% | 45.8% | 63.2% | 59.5% |
| Operating margin | 16.0% | 13.6% | 11.4% | 8.7% | 12.9% | 9.9% | 9.7% | 10.9% | 10.5% | 7.2% |
| Net margin | 12.2% | 11.4% | 9.6% | 7.5% | 10.6% | 5.6% | 7.7% | 7.2% | 0.3% | 1.9% |
| 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 | $762.5M | $712.2M | $802.3M | $700.8M | $685.9M | $635.9M | $726.6M | $640.2M | $625.1M | $594.0M | $676.2M | $598.3M |
| Cost of revenue | $367.8M | $383.5M | $367.2M | $320.1M | $338.8M | $334.6M | $338.0M | $331.8M | $322.8M | $316.9M | $321.2M | $311.1M |
| Gross profit | $394.6M | $328.7M | $435.1M | $380.7M | $347.1M | $301.3M | $388.6M | $308.3M | $302.3M | $277.1M | $355.1M | $287.2M |
| Research & development | $70.3M | $70.2M | $66.9M | $67.0M | $63.9M | $66.5M | $61.8M | $61.0M | $62.2M | $63.2M | $58.3M | $57.4M |
| Sales, general & admin | $171.3M | $86.5M | $181.3M | $208.9M | $151.7M | $145.9M | $158.9M | $145.3M | $138.2M | $143.9M | $146.4M | $142.2M |
| Total operating expenses | $276.6M | $232.5M | $269.1M | $275.9M | $240.5M | $242.6M | $242.0M | $231.6M | $222.9M | $228.8M | $226.0M | $223.6M |
| Operating income | $118.0M | $96.2M | $166.0M | $104.8M | $106.6M | $58.6M | $146.6M | $76.7M | $79.4M | $48.3M | $129.0M | $63.6M |
| Interest income | $10.8M | $11.3M | $10.7M | $11.6M | $10.1M | $10.2M | $10.3M | $9.6M | $8.9M | $8.6M | $7.9M | $5.7M |
| Interest expense | — | — | $290,000 | $343,000 | $343,000 | $248,000 | $254,000 | $260,000 | $252,000 | $251,000 | $258,000 | $280,000 |
| Income before taxes | $125.2M | $98.3M | $167.6M | $108.0M | $111.7M | $64.0M | $155.6M | $85.0M | $87.1M | $55.7M | $139.9M | $70.0M |
| Income taxes | $31.8M | $10.4M | $37.8M | $26.4M | $28.7M | $14.4M | $31.9M | $20.9M | $21.5M | $15.2M | $29.6M | $16.4M |
| Net income | $93.4M | $87.9M | $129.8M | $81.6M | $82.9M | $49.6M | $123.7M | $64.1M | $65.5M | $40.4M | $109.9M | $53.6M |
| EBITDA | $149.0M | $121.6M | $191.8M | $132.2M | $135.7M | $87.9M | $179.3M | $108.2M | $110.1M | $78.8M | $164.1M | $93.9M |
| EPS (diluted) | $0.69 | $0.61 | $0.89 | $0.59 | $0.58 | $0.41 | $0.80 | $0.45 | $0.45 | $0.31 | $0.70 | $0.37 |
| Gross margin | 51.8% | 46.2% | 54.2% | 54.3% | 50.6% | 47.4% | 53.5% | 48.2% | 48.4% | 46.7% | 52.5% | 48.0% |
| Operating margin | 15.5% | 13.5% | 20.7% | 15.0% | 15.5% | 9.2% | 20.2% | 12.0% | 12.7% | 8.1% | 19.1% | 10.6% |
| Net margin | 12.3% | 12.3% | 16.2% | 11.7% | 12.1% | 7.8% | 17.0% | 10.0% | 10.5% | 6.8% | 16.2% | 9.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NYT's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NYT financial results
In fiscal year 2025 (ended December 31, 2025), New York Times reported revenue of $2.8 billion, up 9.2% from the year before. It had net income of $344.0 million (up 17.1%), a net profit margin of 12.2%. Diluted earnings per share came to $2.47. Over five years revenue grew at an average rate of 9.6% a year.
See the NYT stock overview for the latest quote and news, or the NYT chart for price history and technical indicators.
NYT income statement FAQ
What is New York Times's annual revenue?
New York Times reported total revenue of $2.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.2% from $2.6 billion the previous year.
Is New York Times profitable?
Yes. New York Times reported net income of $344.0 million in fiscal 2025, a net profit margin of 12.2%; its operating margin was 16.0%.
What is New York Times's gross margin?
New York Times's gross margin was 50.8% in fiscal 2025: for every $100 of revenue, New York Times kept $51 after the direct cost of its products and services.
How much does New York Times spend on research and development?
New York Times spent $264.3 million on research and development in fiscal 2025, 9.4% of revenue.
How fast is New York Times growing?
Revenue grew 9.6% a year on average over the last five fiscal years, from $1.8 billion to $2.8 billion.
What are New York Times's earnings per share?
New York Times earned $2.47 per diluted share in fiscal 2025, compared with $2.01 a year earlier.
When will New York Times report its next earnings?
New York Times is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does New York Times's fiscal year end?
New York Times's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.