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Amdocs Limited

DOX

Amdocs Limited • NASDAQ
$76.48 ▲ 0.57% (+0.43)
Market Cap $8.50 B
52w High $95.41
52w Low $74.32
Dividend Yield 2.06%
P/E 15.14
Volume 411.25K
Outstanding Shares 111.15M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $1.15B ▲ $224.319M ▼ $97.114M ▼ 8.443% ▼ $0.88 ▼ $185.603M ▼
Q3-2025 $1.144B ▲ $230.82M ▼ $154.001M ▼ 13.456% ▼ $1.39 ▼ $252.105M ▲
Q2-2025 $1.128B ▲ $232.419M ▲ $163.243M ▲ 14.469% ▲ $1.46 ▲ $244.142M ▼
Q1-2025 $1.11B ▼ $228.962M ▼ $151.133M ▲ 13.615% ▲ $1.34 ▲ $245.249M ▲
Q4-2024 $1.264B $326.32M $86.441M 6.839% $0.74 $111.482M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $324.999M ▼ $6.25B ▼ $2.779B ▼ $3.429B ▼
Q3-2025 $342.466M ▲ $6.332B ▲ $2.787B ▲ $3.503B ▲
Q2-2025 $323.748M ▼ $6.205B ▼ $2.702B ▼ $3.461B ▼
Q1-2025 $349.008M ▼ $6.294B ▼ $2.788B ▼ $3.464B ▲
Q4-2024 $514.327M $6.386B $2.887B $3.457B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $97.114M ▼ $229.84M ▼ $20.594M ▲ $-192.747M ▼ $57.687M ▲ $198.628M ▼
Q3-2025 $154.802M ▼ $241.243M ▲ $-31.863M ▼ $-189.458M ▼ $19.922M ▼ $211.822M ▲
Q2-2025 $164.001M ▲ $172.458M ▲ $43.937M ▲ $-182.838M ▲ $33.557M ▲ $156.494M ▲
Q1-2025 $151.133M ▲ $105.555M ▼ $-34.729M ▼ $-203.078M ▼ $-132.252M ▼ $78.2M ▼
Q4-2024 $87.176M $217.922M $-5.536M $-184.29M $28.096M $192.11M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been growing steadily over the past few years, which suggests Amdocs continues to win work and retain key customers. However, profit per dollar of sales has been slipping. Operating profit is essentially flat while sales are higher, and both net income and earnings per share have trended down. This points to some margin pressure, likely from higher costs, heavier investment, or pricing pressure in contracts. Overall, the business looks solid in terms of scale and stability, but profitability is not moving in the same positive direction as revenue.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable, with total assets and equity moving within a narrow range. Debt has inched down only slightly, so leverage appears moderate and manageable rather than extremely conservative or aggressive. The cash balance has declined over time, which often reflects cash being returned to shareholders, used for acquisitions, or supporting operations, rather than building a larger safety cushion. There are no obvious signs of financial distress, but the balance sheet is not noticeably strengthening either.

Cash Flow

Cash Flow Amdocs continues to generate healthy cash from its operations, and free cash flow has remained solidly positive throughout the period. That said, cash generation has eased somewhat compared with a few years ago, echoing the pressure seen in earnings. Capital spending is quite modest, so most operating cash is available for dividends, buybacks, debt service, or acquisitions. The combination of positive free cash flow and a shrinking cash balance suggests the company has been more focused on deploying cash than on accumulating it.

Competitive Edge

Competitive Edge Amdocs has a strong niche position in telecom software, built on very long-standing relationships with major operators and deep integration into their core billing and operations systems. These are mission-critical platforms that are difficult, risky, and expensive to replace, which creates high switching costs and makes the customer base quite sticky. Its focus on telecom, broad end‑to‑end product suite, and domain expertise differentiate it from more general IT service providers. The main risks are the maturity and cyclicality of the telecom sector, intense competition from large software and cloud players, and potential pricing pressure as operators push for lower costs.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. Amdocs is investing heavily in telecom‑specific AI tools, cloud‑native business and operations support systems, and network automation tied to 5G and advanced wireless. The amAIz AI suite, Freestyle Billing, MVNO&GO SaaS platform, and AI‑powered network tools are designed to help operators modernize, monetize 5G, and run more efficiently. Partnerships with major cloud providers and experiments like Amdocs Studios suggest a push to blend software and services more tightly. The key uncertainty is how quickly customers adopt and scale these new offerings and whether they can offset margin pressure in the legacy business.

Summary

Amdocs shows a picture of steady revenue growth supported by an entrenched position with telecom customers, but with profits and cash generation under some pressure compared with earlier years. The balance sheet is stable and free cash flow remains solid, giving the company room to keep investing and returning capital, even as its cash cushion has declined. Strategically, Amdocs appears well aligned with industry trends in AI, cloud, and 5G, and enjoys meaningful switching-cost advantages. The main things to watch are its ability to stabilize or improve margins, successfully monetize its newer AI and cloud offerings, and diversify beyond a telecom sector that can be slow-moving and cost‑conscious.

NEWS

November 11, 2025 · 4:35 PM UTC

PLDT's Smart Goes Live with Amdocs connectX to Drive Gen Z Engagement, Debuts KiQ App

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November 11, 2025 · 4:30 PM UTC

Telia Finland Selects Amdocs to Build Next-Generation Digital BSS to Deliver Smarter Customer Experiences

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November 11, 2025 · 4:25 PM UTC

Vivo and Amdocs Sign Agreement to Modernize its Operations Support Systems

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November 11, 2025 · 4:20 PM UTC

Amdocs Expands Managed Services Agreement with Globe to Strengthen Network Operations

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November 11, 2025 · 4:15 PM UTC

Lumen Technologies Selects Amdocs to Support its Cloud Journey for Mission-Critical BSS Applications to Google Cloud Platform

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