10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 21.7% per year over the past 5 years.
Net income has grown faster than revenue (50.9% vs 21.7% per year).
Operating margin has expanded, at 39.9% in the latest year.
Free cash flow has grown 18.3% per year over the past 5 years.
Financial health
Total debt ($67.1B) exceeds cash ($16.2B); net debt is $50.9B.
Total debt has grown slower than revenue (10.1% vs 21.7% per year).
Operating income covered interest expense 7.9× in the latest year.
Total debt is 2.6× EBITDA.
Shareholder returns
Dividends have been paid for 10 consecutive years, consuming 48.2% of earnings and 41.4% of free cash flow.
The dividend has grown 15.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$63.9B
$23.1B
67.8%
39.9%
$26.9B
$67.1B
$16.2B
2024
$51.6B
$5.9B
63.0%
26.1%
$19.4B
$69.8B
$9.3B
2023
$35.8B
$14.1B
68.9%
45.2%
$17.6B
—
$14.2B
2022
$33.2B
$11.5B
66.5%
42.8%
$16.3B
—
$12.4B
2021
$27.4B
$6.7B
61.4%
31.0%
$13.3B
$39.7B
$12.2B
2020
$23.9B
$3.0B
56.6%
16.8%
$11.6B
$41.5B
$7.6B
2019
$22.6B
$2.7B
55.2%
15.2%
$9.3B
$33.1B
$5.1B
2018
$20.8B
$12.6B
51.5%
24.6%
$8.2B
$17.6B
$4.3B
2017
$17.6B
$1.8B
48.2%
13.4%
$5.5B
$17.5B
$11.2B
2016
—
-$1.9B
—
—
$2.7B
—
$3.1B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
May '26
$22.2B
$9.3B
69.5%
48.6%
$10.3B
$66.7B
$19.6B
Feb '26
$19.3B
$7.3B
68.1%
44.3%
$8.0B
$68.0B
$14.2B
Nov '25
$18.0B
$8.5B
68.0%
41.7%
$7.5B
$67.1B
$16.2B
Aug '25
$16.0B
$4.1B
67.1%
36.9%
$7.0B
$66.3B
$10.7B
May '25
$15.0B
$5.0B
68.0%
38.8%
$6.4B
$69.4B
$9.5B
Feb '25
$14.9B
$5.5B
68.0%
42.0%
$6.0B
$68.8B
$9.3B
Nov '24
$14.1B
$4.3B
64.1%
32.9%
$5.5B
$69.8B
$9.3B
Aug '24
$13.1B
-$1.9B
63.9%
29.0%
$4.8B
—
$10.0B
May '24
$12.5B
$2.1B
62.3%
23.7%
$4.4B
—
$9.8B
Feb '24
$12.0B
$1.3B
61.7%
17.4%
$4.7B
—
$11.9B
Oct '23
$9.3B
$3.5B
68.9%
45.6%
$4.7B
—
$14.2B
Jul '23
$8.9B
$3.3B
69.4%
43.4%
$4.6B
—
$12.1B
Apr '23
$8.7B
$3.5B
70.0%
45.9%
$4.4B
—
$11.6B
Jan '23
$8.9B
$3.8B
67.3%
46.0%
$3.9B
—
$12.6B
Oct '22
$8.9B
$3.4B
66.4%
44.6%
$4.5B
—
$12.4B
Jul '22
$8.5B
$3.1B
67.1%
44.2%
$4.3B
$41.2B
$10.0B
May '22
$8.1B
$2.6B
67.1%
41.9%
$4.2B
$41.2B
$9.0B
Jan '22
$7.7B
$2.5B
65.5%
40.3%
$3.4B
$39.4B
$10.2B
Oct '21
$7.4B
$2.0B
62.6%
34.8%
$3.5B
$39.7B
$12.2B
Aug '21
$6.8B
$1.9B
61.9%
31.4%
$3.4B
$41.5B
$11.1B
Valuation over time
How the market has priced AVGO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 26.6× (Mar '23) to 77.8× (Jun '26).
The price-to-sales ratio has risen from 9.2× (Mar '23) to 28.1× (Jun '26).
The dividend yield has fallen from 2.3% (Mar '23) to 0.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is AVGO growing its revenue and profit?
Over the past 5 years, Broadcom's revenue has grown 21.7% per year, and net income grown 50.9% per year. These are computed facts, not advice.
How much debt does AVGO have?
As of FY2025, Broadcom reported $67.1B of total debt against $16.2B of cash; operating income covered interest expense 7.9×.
What is AVGO's profit margin?
In FY2025, gross margin was 67.8%, operating margin 39.9%, and net margin 36.2%.
What is AVGO's P/E ratio?
As of Jun '26, Broadcom traded at a price-to-earnings ratio of about 77.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.