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 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
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
2024
$5.0B
$493M
35.1%
12.6%
$619M
$646M
$346M
2023
$4.9B
$541M
35.3%
13.4%
$698M
$646M
$520M
2022
$4.6B
$550M
35.4%
14.5%
$530M
$645M
$573M
2021
$4.3B
$688M
34.5%
14.0%
$715M
$645M
$709M
2020
$4.2B
$498M
33.9%
14.3%
—
$744M
$983M
2019
$4.1B
$479M
35.1%
13.9%
—
—
$472M
2018
$4.0B
$354M
34.7%
10.8%
$326M
—
$419M
2017
$3.9B
$437M
35.2%
13.4%
$503M
—
$650M
2016
$3.7B
$409M
35.2%
13.0%
$490M
—
$769M
2015
$3.6B
$446M
35.5%
14.2%
—
—
$1.0B
2014
$3.6B
$422M
35.3%
13.9%
—
—
$1.1B
2013
$3.3B
$412M
35.2%
14.4%
$564M
—
$1.0B
2012
—
$391M
—
—
$392M
—
$879M
2011
—
$347M
—
—
$426M
—
$831M
2010
—
$344M
—
—
$598M
—
$1.0B
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
Sep '24
$1.3B
$86M
0.0%
8.9%
—
$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%
—
$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%
—
$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%
—
$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%
—
$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 20.2× (Mar '23) to 11.7× (Jun '26).
The price-to-sales ratio has fallen from 2.4× (Mar '23) to 1.2× (Jun '26).
The dividend yield has risen from 1.7% (Mar '23) to 3.7% (Jun '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?
As of Jun '26, Amdocs Ltd traded at a price-to-earnings ratio of about 11.7× (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.