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ASML Holding NV (ASML) FY2025 earnings results (fiscal 2025)
20-F filed Feb 25, 2026
ASML Holding NV (ASML) reported revenue of $32.7B for the fiscal 2025 (FY2025), +16% from a year earlier. Operating margin was 34.6%, net earnings $9.6B (29.4% of revenue).
ASML Holding NV, FY2025: revenue $32.7B (+16% year over year), operating margin 34.6%, net earnings $9.6B, operating cash flow $12.7B. The chart follows the revenue to costs, profit and cash.
| FY2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.7B | — | +16% |
| Gross profit | $17.3B | — | +19% |
| Operating profit | $11.3B | — | +25% |
| Net earnings | $9.6B | — | +27% |
| Operating cash flow | $12.7B | — | +13% |
| Free cash flow | $11.1B | — | +22% |
What changed
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.
Questions
What was ASML Holding NV's revenue in the fiscal 2025?
ASML Holding NV (ASML) reported revenue of $32.7B for the fiscal 2025 (FY2025), +16% from a year earlier.
Was ASML Holding NV profitable in the fiscal 2025?
Operating profit was $11.3B (34.6% of revenue) and net earnings $9.6B.
Source: ASML Holding NV 20-F on SEC EDGAR.