Financial Summary (All financials)
In millions, except per share items | Jul-31-21 | Jul-25-20 | Jul-27-19 | Jul-28-18 | Jul-29-17 | Jul-30-16 | Jul-25-15 | Jul-26-14 |
Revenues | 49,818 | 49,301 | 51,904 | 49,330 | 48,005 | 49,247 | 49,161 | 47,142 |
Revenue growth | 1.0% | -5.0% | 5.2% | 2.8% | -2.5% | 0.2% | 4.3% | -3.0% |
Cost of goods sold | 17,924 | 17,618 | 19,238 | 18,724 | 17,781 | 18,287 | 19,480 | 19,373 |
Gross profit | 31,894 | 31,683 | 32,666 | 30,606 | 30,224 | 30,960 | 29,681 | 27,769 |
Gross margin | 64.0% | 64.3% | 62.9% | 62.0% | 63.0% | 62.9% | 60.4% | 58.9% |
Sales and marketing | 9,259 | 9,169 | 9,571 | 9,242 | 9,184 | 9,619 | 9,821 | 9,503 |
Research and development | 6,549 | 6,347 | 6,577 | 6,332 | 6,059 | 6,296 | 6,207 | 6,294 |
General and administrative | 2,152 | 1,925 | 1,827 | 2,144 | 1,993 | 1,814 | 2,040 | 1,934 |
EBITA | 13,934 | 14,242 | 14,691 | 12,888 | 12,988 | 13,231 | 11,613 | 10,038 |
EBITA margin | 28.0% | 28.9% | 28.3% | 26.1% | 27.1% | 26.9% | 23.6% | 21.3% |
Amortization of intangibles | 215 | 141 | 150 | 221 | 259 | 303 | 359 | 275 |
EBIT | 13,719 | 14,101 | 14,541 | 12,667 | 12,729 | 12,928 | 11,254 | 9,763 |
EBIT margin | 27.5% | 28.6% | 28.0% | 25.7% | 26.5% | 26.3% | 22.9% | 20.7% |
Pre-tax income | 13,262 | 13,970 | 14,571 | 13,039 | 12,287 | 12,920 | 11,201 | 9,715 |
Income taxes | 2,671 | 2,756 | 2,950 | 12,929 | 2,678 | 2,181 | 2,220 | 1,862 |
Tax rate | 20.1% | 19.7% | 20.2% | 99.2% | 21.8% | 16.9% | 19.8% | 19.2% |
Net income | 10,591 | 11,214 | 11,621 | 110 | 9,609 | 10,739 | 8,981 | 7,853 |
Net margin | 21.3% | 22.7% | 22.4% | 0.2% | 20.0% | 21.8% | 18.3% | 16.7% |
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Diluted EPS | $2.50 | $2.64 | $2.61 | $0.02 | $1.90 | $2.11 | $1.75 | $1.49 |
Shares outstanding (diluted) | 4,236 | 4,254 | 4,453 | 4,881 | 5,049 | 5,088 | 5,146 | 5,281 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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