Veralto Corporation (VLTO) Income Statement
VLTO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVLTO revenue and net income
Where VLTO's revenue goes
2025Each bar shows an amount and its share of revenue. VLTO kept 17.1% of revenue as net income.
VLTO profit margins
VLTO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.0% | +4.2% | +4.8% | — |
| Gross profit | +6.2% | +6.0% | +5.6% | — |
| Operating income | +5.7% | +4.7% | +6.1% | — |
| Net income | +12.8% | +3.6% | +5.4% | — |
| EPS (diluted) | +10.8% | +4.5% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VLTO quarterly EPS vs estimates
Veralto beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.10).
VLTO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $5.50B | $5.19B | $5.02B | $4.87B | $4.70B | $4.35B |
| Cost of revenue | $2.20B | $2.09B | $2.12B | $2.11B | $1.99B | $1.84B |
| Gross profit | $3.30B | $3.10B | $2.90B | $2.77B | $2.71B | $2.51B |
| Research & development | $266.0M | $253.0M | $225.0M | $217.0M | $244.0M | $219.0M |
| Sales, general & admin | $1.76B | $1.64B | $1.54B | $1.47B | $1.43B | $1.34B |
| Total operating expenses | $2.02B | $1.90B | $1.76B | $1.65B | $1.67B | $1.56B |
| Operating income | $1.28B | $1.21B | $1.14B | $1.11B | $1.04B | $951.0M |
| Interest expense | $96.0M | $113.0M | $30.0M | $146.0M | $0 | — |
| Income before taxes | $1.17B | $1.09B | $1.10B | $1.11B | $1.05B | $950.0M |
| Income taxes | $233.0M | $253.0M | $257.0M | $268.0M | $186.0M | $226.0M |
| Net income | $940.0M | $833.0M | $839.0M | $845.0M | $861.0M | $724.0M |
| EBITDA | $1.35B | $1.28B | $1.21B | $1.20B | $1.15B | $1.06B |
| EPS (diluted) | $3.91 | $3.53 | $2.41 | $3.43 | $3.50 | — |
| Gross margin | 59.9% | 59.8% | 57.8% | 56.9% | 57.7% | 57.7% |
| Operating margin | 23.2% | 23.3% | 22.7% | 22.8% | 22.1% | 21.9% |
| Net margin | 17.1% | 16.0% | 16.7% | 17.4% | 18.3% | 16.7% |
| 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 | $1.47B | $1.42B | $1.40B | $1.40B | $1.37B | $1.33B | $1.34B | $1.31B | $1.29B | $1.25B | $1.29B | $1.25B |
| Cost of revenue | $572.0M | $568.0M | $568.0M | $560.0M | $549.0M | $527.0M | $544.0M | $531.0M | $524.0M | $499.0M | $542.0M | $532.0M |
| Gross profit | $902.0M | $854.0M | $828.0M | $844.0M | $822.0M | $805.0M | $801.0M | $783.0M | $764.0M | $747.0M | $746.0M | $723.0M |
| Research & development | $73.0M | $68.0M | $68.0M | $67.0M | $67.0M | $64.0M | $69.0M | $63.0M | $61.0M | $60.0M | $57.0M | $55.0M |
| Sales, general & admin | $514.0M | $448.0M | $444.0M | $451.0M | $442.0M | $419.0M | $424.0M | $412.0M | $414.0M | $394.0M | $403.0M | $395.0M |
| Total operating expenses | $587.0M | $516.0M | $512.0M | $518.0M | $509.0M | $483.0M | $493.0M | $475.0M | $465.0M | $454.0M | $460.0M | $450.0M |
| Operating income | $315.0M | $338.0M | $316.0M | $326.0M | $313.0M | $322.0M | $308.0M | $308.0M | $299.0M | $293.0M | $286.0M | $273.0M |
| Interest expense | $27.0M | $24.0M | $20.0M | $21.0M | $28.0M | $27.0M | $28.0M | $27.0M | $30.0M | $28.0M | $25.0M | $5.0M |
| Income before taxes | $289.0M | $321.0M | $293.0M | $306.0M | $285.0M | $289.0M | $280.0M | $286.0M | $270.0M | $250.0M | $261.0M | $268.0M |
| Income taxes | $48.0M | $67.0M | $39.0M | $67.0M | $63.0M | $64.0M | $53.0M | $67.0M | $67.0M | $66.0M | $61.0M | $63.0M |
| Net income | $241.0M | $254.0M | $254.0M | $239.0M | $222.0M | $225.0M | $227.0M | $219.0M | $203.0M | $184.0M | $200.0M | $205.0M |
| EBITDA | $344.0M | $369.0M | $333.0M | $347.0M | $332.0M | $335.0M | $328.0M | $330.0M | $318.0M | $299.0M | $321.0M | $294.0M |
| EPS (diluted) | $1.11 | $1.07 | $1.04 | $0.99 | $0.93 | $0.95 | $0.95 | $0.89 | $0.85 | $0.84 | $0.87 | $0.75 |
| Gross margin | 61.2% | 60.1% | 59.3% | 60.1% | 60.0% | 60.4% | 59.6% | 59.6% | 59.3% | 60.0% | 57.9% | 57.6% |
| Operating margin | 21.4% | 23.8% | 22.6% | 23.2% | 22.8% | 24.2% | 22.9% | 23.4% | 23.2% | 23.5% | 22.2% | 21.8% |
| Net margin | 16.4% | 17.9% | 18.2% | 17.0% | 16.2% | 16.9% | 16.9% | 16.7% | 15.8% | 14.8% | 15.5% | 16.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VLTO's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VLTO financial results
In fiscal year 2025 (ended December 31, 2025), Veralto reported revenue of $5.5 billion, up 6.0% from the year before. It had net income of $940.0 million (up 12.8%), a net profit margin of 17.1%. Diluted earnings per share came to $3.91. Over five years revenue grew at an average rate of 4.8% a year.
See the VLTO stock overview for the latest quote and news, or the VLTO chart for price history and technical indicators.
VLTO income statement FAQ
What is Veralto's annual revenue?
Veralto reported total revenue of $5.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.0% from $5.2 billion the previous year.
Is Veralto profitable?
Yes. Veralto reported net income of $940.0 million in fiscal 2025, a net profit margin of 17.1%; its operating margin was 23.2%.
What is Veralto's gross margin?
Veralto's gross margin was 59.9% in fiscal 2025: for every $100 of revenue, Veralto kept $60 after the direct cost of its products and services.
How much does Veralto spend on research and development?
Veralto spent $266.0 million on research and development in fiscal 2025, 4.8% of revenue.
How fast is Veralto growing?
Revenue grew 4.8% a year on average over the last five fiscal years, from $4.3 billion to $5.5 billion.
What are Veralto's earnings per share?
Veralto earned $3.91 per diluted share in fiscal 2025, compared with $3.53 a year earlier.
When will Veralto report its next earnings?
Veralto is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Veralto's fiscal year end?
Veralto's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.