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ASML Holding NV (ASML) earnings and revenue breakdown
Latest: FY2025 · 20-F filed Feb 25, 2026 · ASML Holding NV (ASML) FY2025 earnings results →
FY2025 Revenue up 16% year over year to $32.7B · 29¢ of every $1 of revenue kept as net profit · operating margin 34.6%
ASML Holding NV made $32.7B in FY2025 (+16% Y/Y). Operating margin 34.6%, net earnings $9.6B. See where every dollar goes — costs, profit and cash — as a Sankey from the 20-F filed Feb 25, 2026.
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What changed this quarter
Revenue was €32.7B in FY2025, up 16% year over year.
Gross margin was 52.8%, up 1.6 points from FY2024. Operating profit was €11.3B, a 34.6% margin (up 2.7 points year over year). Of the extra revenue versus FY2024, 52% reached operating profit, above the 32% margin then. Operating expenses grew 9% against revenue growth of 16%. Net earnings were €9.6B, up 27% year over year. The effective tax rate was 17.3%.
Operating cash flow was €12.7B (up 13% year over year), 132% of net earnings. Non-cash charges added back €1.0B of depreciation and amortization and €0.20B of share-based compensation. Working capital and other items added €1.8B. Capital expenditures of €1.6B left free cash flow of €11.1B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| FY2025 | 20-F | Feb 25, 2026 | $32.7B | +16% | 34.6% | $9.6B | $12.7B |
| FY2024 | 20-F | Mar 5, 2025 | $28.3B | +3% | 31.9% | $7.6B | $11.2B |
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About ASML Holding NV
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 45,500 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.
In its own words, from its 6-K, filed Oct 14, 2026.
ASML Holding NV against its Special Industry Machinery, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +16%. Operating margin: 34.6% against the peers' median 11.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ASML ASML Holding NV | FY2025 | $36.9B | +16% | 34.6% |
| LRCX LAM Research | Q1 FY27 | $8.2B | +54% | 40.0% |
| ACMR ACM Research | Q3 2026 | $368M | +37% | 15.1% |
| ACLS Axcelis Technologies | Q3 2026 | $238M | +11% | 11.5% |
| VECO Veeco Instruments | Q3 2026 | $209M | +26% | 6.7% |
| CRCT Cricut | Q3 2026 | $189M | +11% | 18.0% |
| AZTA Azenta | Q3 FY26 | $161M | +12% | -2.6% |
| ASYS Amtech Systems | Q3 FY26 | $22.4M | +14% | 9.9% |
| VELO Velo3D | Q2 2026 | $20.7M | +52% | -53.5% |
Source: ASML Holding NV 20-F on SEC EDGAR · CIK 937966 · Special Industry Machinery, NEC
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History
Every quarter: FY2025 results · FY2024 results