Keysight Technologies, Inc. (KEYS) Financial Statements

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Keysight Technologies financial statements at a glance

Keysight Technologies reported revenue of $5.38 billion for fiscal year 2025 (ended October 31, 2025), up 8.0% from fiscal year 2024. Net income was $850.00 million, a net margin of 15.8%, and diluted earnings per share were $4.89.

At the end of fiscal year 2025 it had total assets of $11.30 billion, total liabilities of $5.42 billion and shareholders' equity of $5.88 billion, with cash and short-term investments of $1.87 billion and total debt of $2.78 billion.

Its operations brought in $1.41 billion of cash; capital spending was $128.00 million, leaving free cash flow of $1.28 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended October 31, 2025.

KEYS logo

Keysight Technologies, Inc.

KEYSUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
5.38B
Prev Year: 4.98B
YoY: +8.0%
Operating Revenue
5.38B
Prev Year: 4.98B
YoY: +8.0%
Tax Rate for Calcs
0.2
Prev Year: 0
Interest Expense
96.00M
Prev Year: 84.00M
YoY: +14.3%
Total Unusual Items
-
Net Income from Discontinued Operations
-19.00M
Other Income Expense
200.00M
Prev Year: 35.00M
YoY: +471.4%
Other Non-operating Income (expense)
200.00M
Prev Year: 35.00M
YoY: +471.4%
Non-operating Interest Expense
96.00M
Prev Year: 84.00M
YoY: +14.3%
Other Operating Expenses
-20.00M
Prev Year: -14.00M
YoY: -42.9%
Research and Development
1.01B
Prev Year: 919.00M
YoY: +9.6%
Selling General and Administrative
1.47B
Prev Year: 1.40B
YoY: +5.7%
Cost of Revenue
2.04B
Prev Year: 1.85B
YoY: +10.4%
Gross Profit
3.34B
Prev Year: 3.13B
YoY: +6.5%
Operating Expense
2.46B
Prev Year: 2.30B
YoY: +7.0%
Operating Income
876.00M
Prev Year: 833.00M
YoY: +5.2%
Net Non Operating Interest Income Expense
6.00M
Prev Year: -3.00M
YoY: +300.0%
Non-operating Interest Income
102.00M
Prev Year: 81.00M
YoY: +25.9%
Pre-tax Income
1.08B
Prev Year: 865.00M
YoY: +25.1%
Provision for Income Taxes
213.00M
Prev Year: 251.00M
YoY: -15.1%
Net Income Common Stockholders
850.00M
Prev Year: 614.00M
YoY: +38.4%
Net Income
850.00M
Prev Year: 614.00M
YoY: +38.4%
Net Income Including Non-Controlling Interests
850.00M
Prev Year: 614.00M
YoY: +38.4%
Net Income from Continuing Operations
869.00M
Prev Year: 614.00M
YoY: +41.5%
Diluted NI Available to Com Stockholders
850.00M
Prev Year: 614.00M
YoY: +38.4%
Basic EPS
4.91
Prev Year: 3.53
YoY: +39.1%
Diluted EPS
4.89
Prev Year: 3.51
YoY: +39.3%
Weighted Average Shares (basic)
172.00M
Prev Year: 174.00M
YoY: -1.1%
Weighted Average Shares (diluted)
173.00M
Prev Year: 175.00M
YoY: -1.1%
Total Operating Income as Reported
876.00M
Prev Year: 833.00M
YoY: +5.2%
Total Expenses
4.50B
Prev Year: 4.15B
YoY: +8.5%
Net Income from Continuing and Discontinued Operation
850.00M
Prev Year: 614.00M
YoY: +38.4%
Normalized Income
869.00M
Prev Year: 614.00M
YoY: +41.5%
Interest Income
102.00M
Prev Year: 81.00M
YoY: +25.9%
Net Interest Income
6.00M
Prev Year: -3.00M
YoY: +300.0%
EBIT
1.18B
Prev Year: 949.00M
YoY: +24.1%
EBITDA
1.45B
Prev Year: 1.22B
YoY: +19.3%
Reconciled Cost of Revenue
2.04B
Prev Year: 1.85B
YoY: +10.4%
Reconciled Depreciation
276.00M
Prev Year: 270.00M
YoY: +2.2%
Net Income from Continuing Operation Net Minority Interest
869.00M
Prev Year: 614.00M
YoY: +41.5%
Normalized EBITDA
1.45B
Prev Year: 1.22B
YoY: +19.3%
Values in USD

Keysight Technologies key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$5.4B$5.0B$5.5B$5.4B$4.9B
Gross profit$3.3B$3.1B$3.5B$3.5B$3.1B
Operating income$876.0M$833.0M$1.4B$1.3B$1.1B
Net income$850.0M$614.0M$1.1B$1.1B$894.0M
Diluted EPS$4.89$3.51$5.91$6.18$4.78
Total assets$11.3B$9.3B$8.7B$8.1B$7.8B
Total liabilities$5.4B$4.2B$4.0B$3.9B$4.0B
Shareholders' equity$5.9B$5.1B$4.7B$4.2B$3.8B
Cash and short-term investments$1.9B$1.8B$2.5B$2.0B$2.1B
Total debt$2.8B$2.0B$2.0B$2.0B$2.0B
Operating cash flow$1.4B$1.1B$1.4B$1.1B$1.3B
Capital spending$128.0M$154.0M$197.0M$185.0M$174.0M
Free cash flow$1.3B$898.0M$1.2B$959.0M$1.1B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Keysight Technologies's revenue in fiscal year 2025?

$5.38 billion, up 8.0% from $4.98 billion in fiscal year 2024.

How much profit does Keysight Technologies make?

Keysight Technologies reported net income of $850.00 million for fiscal year 2025 (15.8% of revenue); operating income was $876.00 million.

How much cash and debt does Keysight Technologies have?

At the end of fiscal year 2025: cash and short-term investments of $1.87 billion and total debt of $2.78 billion.

What is Keysight Technologies's free cash flow?

$1.28 billion in fiscal year 2025 (operating cash flow of $1.41 billion minus capital spending of $128.00 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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