# ASML Holding N.V. (ASML) > ASML · Nasdaq · Technology, semiconductor equipment · Netherlands · US GAAP · Fiscal year ends December > > Latest report: FY2025, the fiscal year ended 31 December 2025, released 25 February 2026. Snapshot FY2025_0badeae0. Page: https://annalist.io/company/asml/ Identifiers: LEI 724500Y6DUVHQD6OXN27, CIK 0000937966 ## Latest Figures | Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents | | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue, fiscal year | €32.7bn | 32667300000 | EUR | +15.6% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Operating income, fiscal year | €11.3bn | 11301400000 | EUR | +25.3% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Net income, fiscal year | €9.6bn | 9609400000 | EUR | +26.9% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Diluted EPS, fiscal year | €24.71 | 24.71 | EUR/shares | +28.4% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Operating margin, fiscal year | 34.6% | 34.5955 | % | +2.7pp year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Return on equity, fiscal year | 50.5% | 50.4576 | % | +3.0pp year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | - Operating margin: Operating income / revenue. - Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company. ## Key Findings Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before. - Revenue for the fiscal year ended 31 December 2025 was €32.7 billion, 15.6% higher than in the previous fiscal year. [Strengthened in FY2025] Sources: 20-F 2025-12. - Net income attributable to the company for fiscal 2025 was €9.6 billion, 26.9% higher than in the previous fiscal year. [New in FY2025] Sources: 20-F 2025-12. - The operating margin for fiscal 2025 was 34.6%, 2.7 percentage points higher than a year earlier. [New in FY2025] Sources: 20-F 2025-12. - Return on equity for fiscal 2025 was 50.5%, against 47.4% a year earlier. [New in FY2025] Sources: 20-F 2025-12, 20-F 2024-12. - Free cash flow for fiscal 2025 was €11.1 billion, and operating cash flow was 1.3 times net income attributable to the company. [Strengthened in FY2025] Sources: 20-F 2025-12. - Cash and short-term investments exceeded total debt by €8.9 billion at 31 December 2025. [Strengthened in FY2025] Sources: 20-F 2025-12. - Debt was 0.4 times EBITDA for fiscal 2025 on reported figures, within the minimal band of the S&P standard volatility table. The filings do not give the lease figures that the adjustment needs, so the ratio uses debt and EBITDA as reported. [Confirmed in FY2025] Sources: 20-F 2025-12. - Cash, short-term investments and operating cash flow for fiscal 2025 equalled 7.9 times the sum of debt due within 12 months, capital expenditure and dividends. [Confirmed in FY2025] Sources: 20-F 2025-12. - Operating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 6.2% of average total assets. [Weakened in FY2025] Sources: 20-F 2025-12. - The Altman Z'' score for fiscal 2025 was 4.13, above the safe threshold of 2.60. [Confirmed in FY2025] Sources: 20-F 2025-12. - The Beneish M-score for fiscal 2025 was minus 3.02, below the model threshold of minus 1.78. [Strengthened in FY2025] Sources: 20-F 2025-12. - The Piotroski F-score for fiscal 2025 was 7 of 9. The 2 signals not met were current ratio higher than a year earlier and asset turnover higher than a year earlier. [New in FY2025] Sources: 20-F 2024-12, 20-F 2025-12. ## Fiscal Years | Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents | | --- | --- | --- | --- | --- | --- | --- | | FY2025 | 2025-12-31 | Revenue | €32.7bn | 32667300000 | EUR | 20-F 2025-12 | | FY2025 | 2025-12-31 | Operating income | €11.3bn | 11301400000 | EUR | 20-F 2025-12 | | FY2025 | 2025-12-31 | Net income attributable to the company | €9.6bn | 9609400000 | EUR | 20-F 2025-12 | | FY2024 | 2024-12-31 | Revenue | €28.3bn | 28262900000 | EUR | 20-F 2025-12 | | FY2024 | 2024-12-31 | Operating income | €9.0bn | 9022600000 | EUR | 20-F 2025-12 | | FY2024 | 2024-12-31 | Net income attributable to the company | €7.6bn | 7571600000 | EUR | 20-F 2025-12 | | FY2023 | 2023-12-31 | Revenue | €27.6bn | 27558500000 | EUR | 20-F 2025-12 | | FY2023 | 2023-12-31 | Operating income | €9.0bn | 9042300000 | EUR | 20-F 2025-12 | | FY2023 | 2023-12-31 | Net income attributable to the company | €7.8bn | 7839000000 | EUR | 20-F 2025-12 | | FY2022 | 2022-12-31 | Revenue | €21.2bn | 21173400000 | EUR | 20-F 2024-12 | | FY2022 | 2022-12-31 | Operating income | €6.5bn | 6500700000 | EUR | 20-F 2024-12 | | FY2022 | 2022-12-31 | Net income attributable to the company | €5.6bn | 5624200000 | EUR | 20-F 2024-12 | | FY2021 | 2021-12-31 | Revenue | €18.6bn | 18611000000 | EUR | 20-F 2023-12 | | FY2021 | 2021-12-31 | Operating income | €6.8bn | 6750100000 | EUR | 20-F 2023-12 | | FY2021 | 2021-12-31 | Net income attributable to the company | €5.9bn | 5883200000 | EUR | 20-F 2023-12 | ## Source Documents - 20-F 2025-12: 20-F for the year to 31 December 2025, 25 Feb 2026 (https://www.sec.gov/Archives/edgar/data/937966/000162828026011378/asml-20251231.htm) - 20-F 2024-12: 20-F for the year to 31 December 2024, 5 Mar 2025 (https://www.sec.gov/Archives/edgar/data/937966/000093796625000009/asml-20241231.htm) - 20-F 2023-12: 20-F for the year to 31 December 2023, 14 Feb 2024 (https://www.sec.gov/Archives/edgar/data/937966/000093796624000008/asml-20231231.htm) ## Reliability - 258 checks compare these figures with other official figures; 0 failed. - 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated. - Every earlier snapshot stays published: https://annalist.io/api/v1/companies/asml/snapshots.json ## Cite Annalist, ASML Holding N.V., snapshot asml/FY2025_0badeae0; , ; source . 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