DOX Financials Amdocs Ltd

15 years of revenue, profit, cash flow and balance-sheet history through FY2024, from SEC filings — with a computed, factual read of the trend. Updated Oct 16, 2026, 09:51 UTC Overview →

Growth & profitability

Revenue has grown 4.1% per year over the past 5 years.
Net income has grown slower than revenue (0.6% vs 4.1% per year).
Operating margin has contracted, at 12.6% in the latest year.
Free cash flow has declined 4.7% per year over the past 5 years.

Financial health

Total debt ($646M) exceeds cash ($346M); net debt is $300M.
Total debt has grown slower than revenue (-3.5% vs 4.1% per year).
Operating income covered interest expense 18× in the latest year.
Total debt is 1.0× EBITDA.

Shareholder returns

Dividends have been paid for 12 consecutive years, consuming 43.0% of earnings and 34.2% of free cash flow.
The dividend has grown 7.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2024	$5.0B	$493M	35.1%	12.6%	14.3%	7.7%	$619M	$646M	$346M
2023	$4.9B	$541M	35.3%	13.4%	15.3%	8.4%	$698M	$646M	$520M
2022	$4.6B	$550M	35.4%	14.5%	15.6%	8.6%	$530M	$645M	$573M
2021	$4.3B	$688M	34.5%	14.0%	19.2%	10.6%	$715M	$645M	$709M
2020	$4.2B	$498M	33.9%	14.3%	13.7%	7.9%	—	$744M	$983M
2019	$4.1B	$479M	35.1%	13.9%	13.7%	9.1%	—	—	$472M
2018	$4.0B	$354M	34.7%	10.8%	10.3%	6.6%	$326M	—	$419M
2017	$3.9B	$437M	35.2%	13.4%	12.2%	8.3%	$503M	—	$650M
2016	$3.7B	$409M	35.2%	13.0%	11.9%	7.7%	$490M	—	$769M
2015	$3.6B	$446M	35.5%	14.2%	13.1%	8.4%	—	—	$1.0B
2014	$3.6B	$422M	35.3%	13.9%	12.4%	8.1%	—	—	$1.1B
2013	$3.3B	$412M	35.2%	14.4%	12.6%	8.4%	$564M	—	$1.0B
2012	—	$391M	—	—	12.9%	8.4%	$392M	—	$879M
2011	—	$347M	—	—	11.5%	7.5%	$426M	—	$831M
2010	—	$344M	—	—	10.6%	7.1%	$598M	—	$1.0B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Sep '24	$1.3B	$86M	0.0%	8.9%	2.5%	1.4%	—	$646M	$346M
Jun '24	$1.3B	$140M	0.0%	14.1%	—	—	—	—	—
Mar '24	$1.2B	$119M	0.0%	12.5%	—	—	—	—	—
Dec '23	$1.2B	$148M	0.0%	14.8%	—	—	—	—	—
Sep '23	$1.2B	$102M	0.0%	11.2%	2.9%	1.6%	—	$646M	$520M
Jun '23	$1.2B	$159M	0.0%	14.8%	—	—	—	—	—
Mar '23	$1.2B	$150M	0.0%	14.9%	—	—	—	—	—
Dec '22	$1.2B	$130M	0.0%	12.7%	—	—	—	—	—
Sep '22	$1.2B	$129M	0.0%	14.7%	3.7%	2.0%	—	$645M	$573M
Jun '22	$1.2B	$128M	0.0%	14.6%	—	—	—	—	—
Mar '22	$1.1B	$158M	0.0%	14.3%	—	—	—	—	—
Dec '21	$1.1B	$134M	0.0%	14.5%	—	—	—	—	—
Sep '21	$1.1B	$124M	0.0%	14.2%	3.4%	1.9%	—	$645M	$709M
Jun '21	$1.1B	$146M	0.0%	14.5%	—	—	—	—	—
Mar '21	$1.0B	$119M	0.0%	14.2%	—	—	—	—	—
Dec '20	$1.1B	$300M	0.0%	12.9%	—	—	—	—	—
Sep '20	$1.1B	$134M	0.0%	14.0%	3.7%	2.1%	—	$744M	$983M
Jun '20	$1.0B	$120M	0.0%	14.4%	—	—	—	—	—
Mar '20	$1.0B	$127M	0.0%	15.0%	—	—	—	—	—
Dec '19	$1.0B	$116M	0.0%	13.8%	—	—	—	—	—

Valuation over time

How the market has priced DOX 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 fallen from 19.7× (Mar '23) to 8.0× (Nov '26).
The price-to-sales ratio has fallen from 2.4× (Mar '23) to 0.8× (Nov '26).
The dividend yield has risen from 1.7% (Mar '23) to 5.4% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is DOX growing its revenue and profit?

Over the past 5 years, Amdocs Ltd's revenue has grown 4.1% per year, and net income grown 0.6% per year. These are computed facts, not advice.

How much debt does DOX have?

As of FY2024, Amdocs Ltd reported $646M of total debt against $346M of cash; operating income covered interest expense 18×.

What is DOX's profit margin?

In FY2024, gross margin was 35.1%, operating margin 12.6%, and net margin 9.9%.

What is DOX's P/E ratio?

Amdocs Ltd's P/E (TTM) is 7.98 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DOX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 8.0× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.