Agilent Technologies (A) Q4 FY2025 earnings: revenue $1.9 billion, up 9.4% on the year

Agilent Technologies, Inc. (A) reported revenue of $1.9 billion for Q4 FY2025, the quarter ended 31 October 2025, up 9.4% on the same quarter a year earlier. Net income was $434 million, up 23.6% on the year, and diluted earnings per share $1.53. The figures are the company's own, from the 10-K it filed with the SEC on 22 December 2025.

Revenue

$1.9 billion

+9.4% on the year · +7.1% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

23.8%

24.0% a year earlier

Q1 FY2024Q4 FY2025

Net income

$434 million

+23.6% on the year · +29.2% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$1.53

+25.4% on the year · +29.7% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 4 new.

Fourth-quarter revenue rose 9.4%: Fourth-quarter revenue was $1,861 million, against $1,701 million a year earlier, up 9.4% reported and 7.2% core.
Fourth-quarter GAAP and non-GAAP EPS: GAAP net income was $434 million, or $1.53 per share, against $351 million, or $1.22. Non-GAAP net income was $452 million, or $1.59 per share, against $418 million, or $1.46.
Fiscal 2025 revenue and EPS: Fiscal 2025 revenue was $6.95 billion, up 6.7% reported and 4.9% core. GAAP EPS was $4.57 and non-GAAP EPS was $5.59, up 6%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	1,861	1,738	1,701	+7.1%	+9.4%
Cost of revenue	871	850	785	+2.5%	+11.0%
Gross profit	990	888	916	+11.5%	+8.1%
Gross margin	53.2%	51.1%	53.9%
Research and development	119	111	111	+7.2%	+7.2%
Selling, general and administrative	428	417	397	+2.6%	+7.8%
Operating income	443	360	408	+23.1%	+8.6%
Operating margin	23.8%	20.7%	24.0%
Interest expense	27.0	28.0	32.0	-3.6%	-15.6%
Pre-tax income	442	366	401	+20.8%	+10.2%
Income tax	8.0	30.0	50.0	-73.3%	-84.0%
Effective tax rate	1.8%	8.2%	12.5%
Net income	434	336	351	+29.2%	+23.6%
Net margin	23.3%	19.3%	20.6%
Diluted EPS	$1.53	$1.18	$1.22	+29.7%	+25.4%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	545	362	481	+50.6%	+13.3%
Capital expenditure	93.0	103	93.0	-9.7%	0.0%
Free cash flow	452	259	388	+74.5%	+16.5%
Free cash flow margin	24.3%	14.9%	22.8%
Cash from investing	-90.0	-96.0	-954
Cash from financing	-200	-219	25.0
Depreciation and amortisation	71.0	72.0	69.0	-1.4%	+2.9%
Share-based compensation	26.0	32.0	25.0	-18.8%	+4.0%
Buybacks	85.0	85.0	335	0.0%	-74.6%
Dividends paid	70.0	71.0	68.0	-1.4%	+2.9%
Dividend per share	n/a	$0.25	n/a
Diluted shares, weighted	284m	285m	287m	-0.4%	-1.0%
Shares outstanding at period end	283m	284m	285m	-0.2%	-0.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	6,741	6,370	5,898	+5.8%	+14.3%
Debt	3,354	3,409	3,390	-1.6%	-1.1%
Operating lease liabilities	145	n/a	142		+2.1%
Other liabilities	2,487	2,447	2,416	+1.6%	+2.9%
Total liabilities and equity	12,727	12,226	11,846	+4.1%	+7.4%
Fixed assets	2,023	1,966	1,778	+2.9%	+13.8%
Goodwill	4,473	4,475	4,477	-0.0%	-0.1%
Intangible assets	445	469	547	-5.1%	-18.6%
Investments	133	133	175	0.0%	-24.0%
Trading assets	41.0	n/a	43.0		-4.7%
Cash and equivalents	1,789	1,535	1,329	+16.5%	+34.6%
Receivables	1,487	1,382	1,324	+7.6%	+12.3%
Inventory	1,025	1,014	972	+1.1%	+5.5%
Other assets	1,311	1,252	1,201	+4.7%	+9.2%
Total assets	12,727	12,226	11,846	+4.1%	+7.4%

Questions

What was Agilent Technologies' revenue in Q4 FY2025?

Agilent Technologies (A) reported revenue of $1.9 billion for Q4 FY2025, the quarter ended 31 October 2025, up 9.4% on the same quarter a year earlier.

How much did Agilent Technologies earn in Q4 FY2025?

Net income for Q4 FY2025 was $434 million, up 23.6% on the year, and diluted earnings per share $1.53.

When did Agilent Technologies report Q4 FY2025 results?

Agilent Technologies filed its 10-K for the year that ended with the quarter on 22 December 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,660	1,674	1,607	1,718	1,849	1,756	1,717	1,672	1,688	1,658	1,573	1,578	1,701	1,681	1,668	1,738	1,861	1,798	1,835	1,878
Cost of revenue	760	764	746	779	837	788	793	1,014	773	750	717	723	785	782	802	850	871	852	845	836
Gross profit	900	910	861	939	1,012	968	924	658	915	908	856	855	916	899	866	888	990	946	990	1,042
Gross margin	54%	54%	54%	55%	55%	55%	54%	39%	54%	55%	54%	54%	54%	53%	52%	51%	53%	53%	54%	55%
R&D	116	117	115	116	119	123	126	118	114	128	113	127	111	113	112	111	119	117	126	123
SG&A	389	417	386	412	422	419	415	407	393	396	380	395	397	410	454	417	428	476	465	475
Operating income	395	376	360	411	471	426	383	133	408	384	363	333	408	376	300	360	443	353	399	444
Operating margin	24%	22%	22%	24%	25%	24%	22%	8%	24%	23%	23%	21%	24%	22%	18%	21%	24%	20%	22%	24%
Interest expense	21.0	21.0	21.0	19.0	23.0	25.0	24.0	24.0	22.0	22.0	20.0	22.0	32.0	28.0	29.0	28.0	27.0	25.0	25.0	29.0
Pre-tax income	448	319	333	397	455	410	377	132	420	403	374	343	401	367	260	366	442	364	408	444
Tax rate	1%	11%	18%	17%	19%	14%	20%	16%	-13%	14%	18%	18%	12%	13%	17%	8%	2%	16%	17%	18%
Net income	442	283	274	329	368	352	302	111	475	348	308	282	351	318	215	336	434	305	339	362
Net margin	27%	17%	17%	19%	20%	20%	18%	7%	28%	21%	20%	18%	21%	19%	13%	19%	23%	17%	18%	19%
Diluted EPS	$1.45	$0.93	$0.91	$1.10	$1.23	$1.19	$1.02	$0.38	$1.62	$1.18	$1.05	$0.97	$1.22	$1.11	$0.75	$1.18	$1.53	$1.07	$1.20	$1.28
Operating cash flow	441	255	283	326	448	296	398	562	516	485	333	452	481	431	221	362	545	268	277	519
Capital expenditure	62.0	75.0	64.0	82.0	70.0	76.0	57.0	81.0	84.0	90.0	103	92.0	93.0	97.0	114	103	93.0	93.0	76.0	80.0
Free cash flow	379	180	219	244	378	220	341	481	432	395	230	360	388	334	107	259	452	175	201	439
Buybacks	136	447	234	323	135	75.0	85.0	335	80.0	0.0	230	585	335	90.0	165	85.0	85.0	152	65.0	78.0
Dividends paid	59.0	63.0	63.0	62.0	62.0	67.0	66.0	66.0	66.0	69.0	69.0	68.0	68.0	71.0	70.0	71.0	70.0	72.0	72.0	72.0
Shares outstanding	302m	300m	299m	296m	295m	296m	295m	293m	292m	293m	292m	288m	285m	285m	284m	284m	283m	283m	282m	282m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 October 2025, filed 22 December 2025: the filing.