Ziff Davis Inc (ZD) Income Statement
ZD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsZD revenue and net income
Where ZD's revenue goes
2025Each bar shows an amount and its share of revenue. ZD kept 3.3% of revenue as net income.
ZD profit margins
ZD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.5% | +1.4% | +4.6% | +7.2% |
| Gross profit | −15.4% | −5.6% | +0.7% | +5.4% |
| Operating income | +79.4% | +0.8% | +8.1% | +0.2% |
| Net income | −24.9% | −9.4% | −20.7% | −9.9% |
| EPS (diluted) | +0.4% | +0.3% | −4.1% | +4.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ZD quarterly EPS vs estimates
Ziff Davis beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.90).
ZD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.40B | $1.36B | $1.39B | $1.42B | $1.16B | $1.37B | $1.21B | $1.12B | $874.3M |
| Cost of revenue | $435.2M | $200.3M | $185.7M | $184.5M | $188.1M | $178.4M | $237.3M | $201.1M | $172.3M | $147.1M |
| Gross profit | $1.02B | $1.20B | $1.18B | $1.21B | $1.23B | $980.4M | $1.13B | $1.01B | $945.5M | $727.2M |
| Research & development | $62.0M | $67.4M | $68.9M | $74.1M | $78.9M | $57.1M | $54.4M | $48.4M | $46.0M | $38.0M |
| Sales, general & admin | $750.9M | $723.2M | $683.1M | $672.6M | $949.8M | $784.9M | $424.1M | $713.6M | $653.8M | $446.5M |
| Total operating expenses | $812.2M | $1.09B | $1.05B | $1.01B | $1.06B | $842.1M | $774.9M | $761.9M | $699.8M | $484.6M |
| Operating income | $203.9M | $113.6M | $132.6M | $198.9M | $167.3M | $138.3M | $277.1M | $244.3M | $245.7M | $242.6M |
| Interest income | — | — | — | — | — | — | $69.5M | $62.0M | $67.8M | $46.5M |
| Interest expense | $25.9M | $14.0M | $20.0M | $33.8M | $72.0M | $56.2M | $26.9M | $62.0M | $67.8M | $41.4M |
| Income before taxes | $72.8M | $104.4M | $65.6M | $123.4M | $387.2M | $67.0M | $54.8M | $177.6M | $200.0M | $211.4M |
| Income taxes | $25.4M | $41.4M | $24.1M | $58.0M | −$14.2M | $38.4M | −$19.4M | $44.8M | $60.5M | $59.0M |
| Net income | $47.4M | $63.0M | $41.5M | $63.8M | $496.7M | $150.7M | $218.8M | $128.7M | $139.4M | $152.4M |
| EBITDA | $327.4M | $319.1M | $332.0M | $398.4M | $681.7M | $363.3M | $313.7M | $426.7M | $429.8M | $374.9M |
| EPS (diluted) | $6.70 | $6.67 | $6.20 | $6.65 | $9.10 | $8.24 | $7.08 | $6.36 | $5.65 | $5.00 |
| Gross margin | 70.0% | 85.7% | 86.4% | 86.7% | 86.7% | 84.6% | 82.7% | 83.3% | 84.6% | 83.2% |
| Operating margin | 14.1% | 8.1% | 9.7% | 14.3% | 11.8% | 11.9% | 20.2% | 20.2% | 22.0% | 27.7% |
| Net margin | 3.3% | 4.5% | 3.0% | 4.6% | 35.1% | 13.0% | 15.9% | 10.7% | 12.5% | 17.4% |
| 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 | $286.7M | $267.6M | $406.7M | $363.7M | $352.2M | $328.6M | $412.8M | $353.6M | $320.8M | $314.5M | $389.9M | $341.0M |
| Cost of revenue | $45.7M | $89.2M | $115.1M | $53.2M | $106.6M | $47.2M | $47.4M | $53.2M | $50.0M | $45.9M | $37.0M | $55.5M |
| Gross profit | $241.0M | $178.4M | $291.6M | $310.6M | $245.6M | $281.4M | $365.4M | $300.3M | $270.8M | $268.6M | $352.9M | $285.5M |
| Research & development | $14.4M | $13.6M | $14.2M | $15.4M | $16.5M | $15.9M | $17.5M | $15.3M | $16.8M | $17.8M | $15.5M | $17.6M |
| Sales, general & admin | $169.7M | $161.8M | $55.1M | $191.8M | $195.7M | $174.6M | $243.6M | $229.1M | $173.3M | $166.5M | $233.0M | $224.3M |
| Total operating expenses | $285.8M | $175.4M | $197.5M | $282.1M | $212.1M | $246.3M | $286.9M | $329.6M | $242.2M | $232.7M | $272.2M | $298.8M |
| Operating income | −$44.7M | $3.1M | $94.0M | $28.4M | $33.5M | $35.1M | $78.5M | −$29.3M | $28.6M | $35.9M | $80.7M | −$13.3M |
| Interest expense | $5.8M | $6.9M | $6.8M | $31.8M | $6.5M | $6.1M | $6.4M | $4.0M | $1.8M | $1.8M | $2.3M | $2.8M |
| Income before taxes | −$51.1M | $1.9M | $166,000 | $9.2M | $30.6M | $32.8M | $77.7M | −$36.0M | $43.9M | $18.9M | $76.4M | −$25.6M |
| Income taxes | $941,000 | $2.6M | −$204,000 | $12.8M | $4.3M | $8.6M | $13.6M | $12.5M | $7.0M | $8.2M | $13.0M | $5.3M |
| Net income | $624.5M | $22.3M | $370,000 | −$3.6M | $26.3M | $24.2M | $64.1M | −$48.6M | $36.9M | $10.6M | $63.4M | −$31.0M |
| EBITDA | $1.6M | $58.5M | $64.9M | $98.3M | $89.6M | $88.2M | $140.9M | $19.4M | $89.0M | $69.7M | $150.2M | $32.9M |
| EPS (diluted) | $0.78 | $0.73 | $2.56 | $1.76 | $1.24 | $1.14 | $2.58 | $1.64 | $1.18 | $1.27 | $2.33 | $1.50 |
| Gross margin | 84.1% | 66.7% | 71.7% | 85.4% | 69.7% | 85.6% | 88.5% | 84.9% | 84.4% | 85.4% | 90.5% | 83.7% |
| Operating margin | −15.6% | 1.1% | 23.1% | 7.8% | 9.5% | 10.7% | 19.0% | −8.3% | 8.9% | 11.4% | 20.7% | −3.9% |
| Net margin | 217.8% | 8.3% | 0.1% | −1.0% | 7.5% | 7.4% | 15.5% | −13.7% | 11.5% | 3.4% | 16.3% | −9.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ZD's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ZD financial results
In fiscal year 2025 (ended December 31, 2025), Ziff Davis reported revenue of $1.5 billion, up 3.5% from the year before. It had net income of $47.4 million (down 24.9%), a net profit margin of 3.3%. Diluted earnings per share came to $6.70. Over five years revenue grew at an average rate of 4.6% a year.
See the ZD stock overview for the latest quote and news, or the ZD chart for price history and technical indicators.
ZD income statement FAQ
What is Ziff Davis's annual revenue?
Ziff Davis reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.5% from $1.4 billion the previous year.
Is Ziff Davis profitable?
Yes. Ziff Davis reported net income of $47.4 million in fiscal 2025, a net profit margin of 3.3%; its operating margin was 14.1%.
What is Ziff Davis's gross margin?
Ziff Davis's gross margin was 70.0% in fiscal 2025: for every $100 of revenue, Ziff Davis kept $70 after the direct cost of its products and services.
How much does Ziff Davis spend on research and development?
Ziff Davis spent $62.0 million on research and development in fiscal 2025, 4.3% of revenue.
How fast is Ziff Davis growing?
Revenue grew 4.6% a year on average over the last five fiscal years, from $1.2 billion to $1.5 billion.
What are Ziff Davis's earnings per share?
Ziff Davis earned $6.70 per diluted share in fiscal 2025, compared with $6.67 a year earlier.
When will Ziff Davis report its next earnings?
Ziff Davis is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Ziff Davis's fiscal year end?
Ziff Davis's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.