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How ASML Holding NV (ASML) makes money
ASML Holding NV (ASML) made $32.7B of revenue in the fiscal 2025 (FY2025), +16% from a year earlier. Of every dollar of revenue, 53¢ was left as gross profit, 35¢ was left as operating profit, 29¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | FY2025 | % of revenue |
|---|---|---|
| Revenue | $32.7B | 100.0% |
| Cost of revenue | $15.4B | 47.2% |
| Gross profit | $17.3B | 52.8% |
| Operating expenses | $6.0B | 18.2% |
| Operating profit | $11.3B | 34.6% |
| Income tax | $2.0B | 6.2% |
| Net earnings | $9.6B | 29.4% |
| Operating cash flow | $12.7B | 38.7% |
| Free cash flow | $11.1B | 33.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| FY2025 | $32.7B | +16% |
| FY2024 | $28.3B | +3% |
From ASML Holding NV's 20-F filed Feb 25, 2026 (on EDGAR).
Questions
How does ASML Holding NV make money?
ASML Holding NV (ASML) made $32.7B of revenue in the fiscal 2025 (FY2025), +16% from a year earlier. Of every dollar of revenue, 53¢ was left as gross profit, 35¢ was left as operating profit, 29¢ was left as net earnings.
What is ASML Holding NV's profit margin?
Net earnings were $9.6B, 29.4% of revenue, in the fiscal 2025; the operating margin was 34.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.