TKO Group Holdings, Inc. (TKO) Income Statement
TKO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTKO revenue and net income
Where TKO's revenue goes
2025Each bar shows an amount and its share of revenue. TKO kept 4.1% of revenue as net income.
TKO profit margins
TKO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +68.9% | +60.7% | +37.2% | +21.8% |
| Gross profit | +55.3% | +46.0% | +43.8% | +25.7% |
| Operating income | +24.0% | +20.8% | +35.7% | +35.4% |
| Net income | +1,977.0% | −20.4% | +8.2% | +23.3% |
| EPS (diluted) | −59.9% | −9.1% | +2.6% | +16.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TKO quarterly EPS vs estimates
TKO Group beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.32).
TKO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.74B | $2.80B | $1.67B | $1.14B | $1.10B | $974.2M | $960.4M | $930.2M | $801.0M | $729.2M |
| Cost of revenue | $2.39B | $1.29B | $679.2M | $385.6M | $649.1M | $592.1M | $672.3M | $634.3M | $559.1M | $453.6M |
| Gross profit | $2.35B | $1.51B | $995.8M | $754.5M | $446.1M | $382.1M | $288.1M | $295.9M | $241.9M | $275.6M |
| Sales, general & admin | $1.51B | $1.23B | $549.1M | $240.4M | $190.1M | $169.9M | — | — | — | — |
| Total operating expenses | $1.39B | $736.6M | $409.6M | $209.4M | $190.1M | $173.6M | $171.6M | $181.4M | $160.8M | $219.1M |
| Operating income | $961.3M | $775.0M | $586.2M | $545.1M | $256.0M | $208.5M | $116.5M | $114.5M | $81.0M | $56.5M |
| Interest income | $189.2M | $251.4M | $239.3M | $17.0M | $33.2M | $33.8M | — | — | — | — |
| Interest expense | $202.7M | $249.1M | $239.0M | $139.6M | $33.6M | $35.6M | $26.1M | $15.4M | $14.7M | $3.0M |
| Income before taxes | $620.1M | $32.1M | $207.2M | $403.3M | $229.9M | $171.1M | $94.7M | $106.0M | $64.1M | $53.2M |
| Income taxes | $73.8M | $25.7M | $31.4M | $14.3M | $52.5M | $39.3M | $17.6M | $6.4M | $31.4M | $19.4M |
| Net income | $195.4M | $9.4M | −$35.2M | $387.3M | $177.4M | $131.8M | $77.1M | $99.6M | $32.6M | $33.8M |
| EBITDA | $1.31B | $768.9M | $695.5M | $603.1M | $333.9M | $292.9M | $204.1M | $191.6M | $143.9M | $118.2M |
| EPS (diluted) | $1.77 | $4.41 | $1.72 | $2.36 | $2.13 | $1.56 | $0.84 | $1.12 | $0.55 | $0.43 |
| Gross margin | 49.6% | 53.9% | 59.4% | 66.2% | 40.7% | 39.2% | 30.0% | 31.8% | 30.2% | 37.8% |
| Operating margin | 20.3% | 27.6% | 35.0% | 47.8% | 23.4% | 21.4% | 12.1% | 12.3% | 10.1% | 7.7% |
| Net margin | 4.1% | 0.3% | −2.1% | 34.0% | 16.2% | 13.5% | 8.0% | 10.7% | 4.1% | 4.6% |
| 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 | $1.55B | $1.60B | $1.04B | $1.12B | $1.31B | $1.27B | $642.2M | $1.54B | $1.19B | $1.22B | $614.0M | $449.1M |
| Cost of revenue | $556.1M | $734.4M | $575.4M | $568.8M | $575.8M | $668.2M | $315.7M | $1.01B | $710.1M | $727.7M | $315.0M | $162.0M |
| Gross profit | $991.0M | $862.5M | $462.6M | $551.1M | $732.7M | $600.6M | $326.5M | $529.1M | $483.0M | $494.7M | $299.0M | $287.0M |
| Sales, general & admin | $462.6M | $380.2M | $405.2M | $379.2M | $364.4M | $363.3M | $224.6M | $239.7M | $232.6M | $531.9M | $236.1M | $193.2M |
| Total operating expenses | $561.1M | $524.0M | $370.1M | $354.0M | $346.1M | $315.5M | $221.4M | $494.5M | $356.4M | $313.0M | $201.0M | $193.2M |
| Operating income | $429.8M | $338.5M | $92.5M | $197.1M | $386.6M | $285.1M | $105.1M | $34.6M | $126.6M | $181.7M | $98.0M | $93.8M |
| Interest income | — | — | — | $49.2M | $40.9M | $42.2M | $59.2M | $62.3M | — | — | — | — |
| Interest expense | $70.6M | $60.6M | $58.9M | $50.8M | $48.2M | $44.8M | $56.2M | $62.6M | $63.0M | $61.2M | $66.6M | $60.6M |
| Income before taxes | $357.2M | $283.8M | −$5.8M | $119.6M | $319.6M | $186.7M | $41.4M | $6.3M | $52.8M | −$240.2M | −$2.3M | $33.2M |
| Income taxes | $53.2M | $34.0M | −$6.7M | $12.8M | $46.5M | $21.2M | −$6.1M | $2.9M | $6.6M | −$5.7M | $13.8M | $11.2M |
| Net income | $101.6M | $89.4M | −$2.4M | $41.0M | $98.4M | $58.4M | $31.0M | $23.1M | $59.1M | −$103.8M | −$13.3M | −$21.9M |
| EBITDA | $532.9M | $493.2M | $214.3M | $306.9M | $459.9M | $329.5M | $184.3M | $188.2M | $233.6M | −$59.7M | $167.0M | $129.3M |
| EPS (diluted) | $1.34 | $0.57 | −$0.03 | $0.50 | $0.61 | $0.69 | $0.39 | $0.28 | $1.08 | $2.66 | −$0.16 | $0.78 |
| Gross margin | 64.1% | 54.0% | 44.6% | 49.2% | 56.0% | 47.3% | 50.8% | 34.3% | 40.5% | 40.5% | 48.7% | 63.9% |
| Operating margin | 27.8% | 21.2% | 8.9% | 17.6% | 29.5% | 22.5% | 16.4% | 2.2% | 10.6% | 14.9% | 16.0% | 20.9% |
| Net margin | 6.6% | 5.6% | −0.2% | 3.7% | 7.5% | 4.6% | 4.8% | 1.5% | 5.0% | −8.5% | −2.2% | −4.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TKO's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TKO financial results
In fiscal year 2025 (ended December 31, 2025), TKO Group reported revenue of $4.7 billion, up 68.9% from the year before. It had net income of $195.4 million (up 1,977.0%), a net profit margin of 4.1%. Diluted earnings per share came to $1.77. Over five years revenue grew at an average rate of 37.2% a year.
See the TKO stock overview for the latest quote and news, or the TKO chart for price history and technical indicators.
TKO income statement FAQ
What is TKO Group's annual revenue?
TKO Group reported total revenue of $4.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 68.9% from $2.8 billion the previous year.
Is TKO Group profitable?
Yes. TKO Group reported net income of $195.4 million in fiscal 2025, a net profit margin of 4.1%; its operating margin was 20.3%.
What is TKO Group's gross margin?
TKO Group's gross margin was 49.6% in fiscal 2025: for every $100 of revenue, TKO Group kept $50 after the direct cost of its products and services.
How fast is TKO Group growing?
Revenue grew 37.2% a year on average over the last five fiscal years, from $974.2 million to $4.7 billion.
What are TKO Group's earnings per share?
TKO Group earned $1.77 per diluted share in fiscal 2025, compared with $4.41 a year earlier.
When will TKO Group report its next earnings?
TKO Group is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does TKO Group's fiscal year end?
TKO Group's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.