PTC Inc. (PTC) Income Statement
PTC FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsPTC revenue and net income
Where PTC's revenue goes
FY2025Each bar shows an amount and its share of revenue. PTC kept 26.8% of revenue as net income.
PTC profit margins
PTC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +19.2% | +12.3% | +13.4% | +8.1% |
| Gross profit | +23.8% | +14.0% | +15.3% | +9.6% |
| Operating income | +67.1% | +30.0% | +36.0% | +33.1% |
| Net income | +95.0% | +32.8% | +41.2% | +28.0% |
| EPS (diluted) | +49.9% | +18.5% | +24.4% | +13.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PTC quarterly EPS vs estimates
PTC beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.59).
PTC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.74B | $2.30B | $2.10B | $1.93B | $1.81B | $1.46B | $1.26B | $1.24B | $1.16B | $1.14B |
| Cost of revenue | $445.0M | $444.8M | $441.0M | $386.0M | $371.1M | $334.3M | $325.4M | $326.2M | $329.0M | $325.7M |
| Gross profit | $2.29B | $1.85B | $1.66B | $1.55B | $1.44B | $1.12B | $930.3M | $915.6M | $835.0M | $814.9M |
| Research & development | $457.7M | $433.0M | $394.4M | $338.8M | $299.9M | $256.6M | $246.9M | $249.8M | $236.1M | $229.3M |
| Sales, general & admin | $792.6M | $791.3M | $763.6M | $690.0M | $723.8M | $595.3M | $545.4M | $557.5M | $518.0M | $513.1M |
| Total operating expenses | $1.31B | $1.27B | $1.20B | $1.10B | $1.06B | $913.3M | $816.1M | $838.6M | $786.2M | $775.6M |
| Operating income | $982.4M | $588.1M | $458.5M | $447.4M | $380.7M | $210.9M | $117.7M | $73.2M | $40.9M | −$37.0M |
| Interest income | $3.4M | $4.4M | $5.4M | $2.5M | $1.8M | $4.4M | $4.1M | $3.8M | $3.2M | $3.4M |
| Interest expense | $77.0M | $119.7M | $129.4M | $54.3M | $50.5M | $76.4M | $43.0M | $41.7M | $42.4M | $29.9M |
| Income before taxes | $920.2M | $469.0M | $332.6M | $397.1M | $391.8M | $134.7M | $20.3M | $28.7M | −$1.4M | −$67.2M |
| Income taxes | $186.2M | $92.6M | $87.0M | $84.0M | −$85.2M | $4.0M | $47.8M | −$23.3M | −$7.6M | −$12.7M |
| Net income | $734.0M | $376.3M | $245.5M | $313.1M | $476.9M | $130.7M | −$27.5M | $52.0M | $6.2M | −$54.5M |
| EBITDA | $1.13B | $730.0M | $599.1M | $573.4M | $564.8M | $330.6M | $141.2M | $157.7M | $127.7M | $49.2M |
| EPS (diluted) | $7.63 | $5.09 | $4.34 | $4.58 | $3.98 | $2.56 | $1.76 | $1.46 | $1.18 | $1.19 |
| Gross margin | 83.8% | 80.6% | 79.0% | 80.0% | 79.5% | 77.1% | 74.1% | 73.7% | 71.7% | 71.4% |
| Operating margin | 35.9% | 25.6% | 21.9% | 23.1% | 21.1% | 14.5% | 9.4% | 5.9% | 3.5% | −3.2% |
| Net margin | 26.8% | 16.4% | 11.7% | 16.2% | 26.4% | 9.0% | −2.2% | 4.2% | 0.5% | −4.8% |
| 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 | $600.0M | $774.3M | $685.8M | $893.8M | $643.9M | $636.4M | $565.1M | $626.5M | $518.6M | $603.1M | $550.2M | $546.6M |
| Cost of revenue | $109.6M | $125.6M | $117.7M | $116.9M | $110.0M | $106.3M | $111.8M | $112.8M | $111.9M | $110.1M | $110.0M | $115.9M |
| Gross profit | $490.5M | $648.7M | $568.1M | $776.9M | $533.9M | $530.1M | $453.3M | $513.7M | $406.7M | $493.0M | $440.2M | $430.8M |
| Research & development | $115.7M | $124.1M | $120.0M | $114.5M | $116.6M | $111.0M | $115.5M | $110.0M | $110.3M | $107.0M | $105.8M | $102.0M |
| Sales, general & admin | $196.3M | $228.7M | $214.9M | $205.8M | $195.9M | $180.0M | $210.9M | $199.2M | $190.0M | $196.0M | $206.1M | $197.0M |
| Total operating expenses | $324.0M | $352.9M | $346.9M | $343.3M | $324.1M | $306.6M | $337.8M | $319.7M | $310.9M | $313.5M | $321.5M | $309.6M |
| Operating income | $166.5M | $295.8M | $221.1M | $433.6M | $209.8M | $223.5M | $115.5M | $194.0M | $95.8M | $179.6M | $118.7M | $121.1M |
| Interest income | $2.1M | $1.2M | — | — | $900,000 | $800,000 | $900,000 | — | — | $1.1M | $1.3M | — |
| Interest expense | $32.6M | $15.3M | $17.3M | $17.0M | $18.4M | $19.6M | $22.0M | $24.9M | $27.8M | $31.6M | $35.3M | $35.7M |
| Income before taxes | $152.4M | $746.8M | $203.0M | $428.1M | $193.7M | $205.2M | $93.2M | $170.2M | $67.4M | $145.7M | $85.6M | $88.5M |
| Income taxes | $33.7M | $156.1M | $36.5M | $80.3M | $52.3M | $42.6M | $10.9M | $43.7M | −$1.6M | $31.3M | $19.2M | $42.9M |
| Net income | $118.8M | $590.7M | $166.5M | $347.8M | $141.3M | $162.6M | $82.2M | $126.5M | $69.0M | $114.4M | $66.4M | $45.6M |
| EBITDA | $176.6M | $780.4M | $237.1M | $479.2M | $245.9M | $258.5M | $149.0M | $232.2M | $130.0M | $212.0M | $155.9M | $159.8M |
| EPS (diluted) | $1.17 | $2.69 | $1.92 | $3.10 | $1.64 | $1.79 | $1.10 | $1.54 | $0.98 | $1.46 | $1.11 | $1.20 |
| Gross margin | 81.7% | 83.8% | 82.8% | 86.9% | 82.9% | 83.3% | 80.2% | 82.0% | 78.4% | 81.8% | 80.0% | 78.8% |
| Operating margin | 27.7% | 38.2% | 32.2% | 48.5% | 32.6% | 35.1% | 20.4% | 31.0% | 18.5% | 29.8% | 21.6% | 22.2% |
| Net margin | 19.8% | 76.3% | 24.3% | 38.9% | 21.9% | 25.6% | 14.6% | 20.2% | 13.3% | 19.0% | 12.1% | 8.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PTC's financial statements (latest annual report filed November 21, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PTC financial results
In fiscal year 2025 (ended September 30, 2025), PTC reported revenue of $2.7 billion, up 19.2% from the year before. It had net income of $734.0 million (up 95.0%), a net profit margin of 26.8%. Diluted earnings per share came to $7.63. Over five years revenue grew at an average rate of 13.4% a year.
See the PTC stock overview for the latest quote and news, or the PTC chart for price history and technical indicators.
PTC income statement FAQ
What is PTC's annual revenue?
PTC reported total revenue of $2.7 billion for fiscal year 2025, which ended on September 30, 2025. That was up 19.2% from $2.3 billion the previous year.
Is PTC profitable?
Yes. PTC reported net income of $734.0 million in fiscal 2025, a net profit margin of 26.8%; its operating margin was 35.9%.
What is PTC's gross margin?
PTC's gross margin was 83.8% in fiscal 2025: for every $100 of revenue, PTC kept $84 after the direct cost of its products and services.
How much does PTC spend on research and development?
PTC spent $457.7 million on research and development in fiscal 2025, 16.7% of revenue.
How fast is PTC growing?
Revenue grew 13.4% a year on average over the last five fiscal years, from $1.5 billion to $2.7 billion.
What are PTC's earnings per share?
PTC earned $7.63 per diluted share in fiscal 2025, compared with $5.09 a year earlier.
When will PTC report its next earnings?
PTC is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does PTC's fiscal year end?
PTC's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 21, 2025.