Akamai Technologies (AKAM) FY2024 results: revenue $4.0 billion, up 4.7% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $4.0 billion for fiscal 2024, the year ended 31 December 2024, up 4.7% on the year before. Net income was $505 million, down 7.8%, and diluted earnings per share $3.27. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$4.0 billion
+4.7% on the year
FY2017FY2024
Operating margin
13.4%
16.7% a year earlier
FY2017FY2024
Net income
$505 million
-7.8% on the year
FY2017FY2024
Diluted EPS
$3.27
-7.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,519
1,348
1,275
+12.7%
Capital expenditure
390
458
241
-14.7%
Free cash flow
1,129
891
1,033
+26.7%
Free cash flow margin
28.3%
23.4%
28.6%
Cash from investing
-799
-1,848
-622
Cash from financing
-680
443
-634
Depreciation and amortisation
648
571
593
+13.6%
Share-based compensation
393
328
217
+19.8%
Buybacks
557
654
608
-14.8%
Diluted shares, weighted
154m
155m
160m
-0.7%
Shares outstanding at period end
150m
151m
156m
-0.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,878
4,597
4,360
+6.1%
Debt
3,546
3,538
2,285
+0.2%
Operating lease liabilities
830
775
693
+7.1%
Other liabilities
1,115
990
965
+12.6%
Total liabilities and equity
10,369
9,900
8,303
+4.7%
Fixed assets
1,995
1,826
1,540
+9.3%
Goodwill
3,151
2,850
2,764
+10.5%
Intangible assets
728
536
442
+35.7%
Investments
1,354
1,806
884
-25.0%
Cash and equivalents
518
489
542
+5.8%
Receivables
728
724
679
+0.5%
Other assets
1,895
1,667
1,453
+13.7%
Total assets
10,369
9,900
8,303
+4.7%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.