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VMware Income Statement 2023-2007 | VMW
Brief overview of profit and loss at VMware
This overview is based on financial performance over the past five years. VMware reported revenue of 2.3 billion dollars in 2018 and 13.3 billion dollars by 2023. Across the full period, sales moved by +478.2%; the average annual rate was 42%. Revenue growth reflects a pronounced phase of business expansion.
EBITDA was $2.1 billion at the beginning and $3.3 billion at the end of the period (+56.5%). EBITDA underperformed the top-line trend. Comparing the endpoints gives EBITDA margins of 90.1% and 24.4%. Cost pressure reduced operating profitability.
Net income changed from $422 million to $1.3 billion (+211.4%). The final result remained comparatively stable.
The five-year change in capitalization reached +22.2%: from 42.2 billion dollars to 51.6 billion dollars. Market value lagged the financial performance.
Conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. The financial profile benefits from a larger revenue base and improving net profitability. The main areas of concern are a declining EBITDA margin. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement VMware
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
51.6 B | 51.2 B | 44.2 B | 47.2 B | 50.3 B | 42.2 B | 34.5 B | 25.1 B | 13.2 B | 22.6 B | 26.4 B | 22.2 B | 26.2 B | - | - | - | - |
Shares |
423 M | 420 M | 420 M | 417 M | 414 M | 410 M | 409 M | 421 M | 424 M | 430 M | 429 M | 427 M | 421 M | 410 M | 394 M | 385 M | - |
Historical Prices |
122 | 122 | 105 | 113 | 121 | 103 | 84.4 | 59.7 | 31.2 | 52.5 | 61.4 | 52.1 | 62.2 | - | - | - | - |
Net Income |
1.31 B | 1.82 B | 2.06 B | 6.41 B | 1.65 B | 422 M | 395 M | 1.22 B | 997 M | 886 M | 1.01 B | 746 M | 724 M | 357 M | 197 M | 290 M | - |
Revenue |
13.4 B | 12.9 B | 11.8 B | 10.8 B | 9.61 B | 2.31 B | 1.98 B | 2.03 B | 6.57 B | 6.04 B | 5.21 B | 4.6 B | 3.77 B | 2.86 B | 2.02 B | 1.88 B | - |
Gross Profit |
- | - | - | 9.01 B | 7.72 B | 6.72 B | 419 M | 6.04 B | 5.55 B | 5.12 B | 4.48 B | 3.88 B | 3.15 B | - | - | - | - |
Operating Income |
2.02 B | 2.39 B | 2.39 B | 1.44 B | 1.8 B | 1.46 B | -42 M | 1.47 B | 1.2 B | 1.03 B | 1.09 B | 872 M | 735 M | 428 M | 219 M | 313 M | - |
Interest Expense |
304 M | 252 M | 204 M | 149 M | 134 M | 74 M | 2 M | 26 M | 26 M | 7 M | 28 M | -1 M | 47 M | -14.2 M | 2.88 M | -3.22 M | - |
EBITDA |
3.26 B | 3.5 B | 3.41 B | 2.31 B | 2.53 B | 2.08 B | 4 M | 2.01 B | 1.53 B | 1.37 B | 1.43 B | 1.23 B | 1.05 B | 689 M | 418 M | 471 M | - |
Operating Expenses |
- | - | - | 7.49 B | 5.67 B | 5.02 B | 461 M | 4.55 B | 4.33 B | 4.08 B | 3.32 B | 3.01 B | 2.41 B | - | - | - | - |
General and Administrative Expenses |
1.13 B | 1.07 B | 767 M | 1.29 B | 846 M | 722 M | 63 M | 689 M | 766 M | 695 M | 419 M | 368 M | 301 M | 269 M | 212 M | 181 M | - |
All numbers in USD currency
Quarterly Income Statement VMware
| 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
430 M | 428 M | 424 M | 422 M | 421 M | 427 M | 419 M | 419 M | 419 M | - | 421 M | 420 M | 418 M | - | 409 M | 410 M | 410 M | - | 409 M | 407 M | 405 M | - | 407 M | 408 M | 408 M | - | 407 M | 408 M | 408 M | - | 422 M | 425 M | 423 M | - | 422 M | 424 M | 428 M | - | 430 M | 430 M | 431 M | - | 430 M | 428 M | 428 M | - | 427 M | 427 M | 425 M | - | 422 M | 420 M | 417 M | 412 M | 408 M |
Net Income |
477 M | 224 M | 231 M | 347 M | 242 M | - | 398 M | 411 M | 425 M | - | 434 M | 447 M | 386 M | 321 M | 621 M | 4.93 B | 505 M | 496 M | 334 M | 644 M | 942 M | -387 M | 443 M | 334 M | 232 M | - | 395 M | 406 M | 245 M | 441 M | 319 M | 265 M | 161 M | 373 M | 256 M | 172 M | 196 M | 326 M | 194 M | 167 M | 199 M | 335 M | 261 M | 244 M | 174 M | 206 M | 157 M | 192 M | 191 M | 200 M | 178 M | 220 M | 126 M | 84.6 M | 74.5 M |
Revenue |
3.41 B | 3.28 B | 3.21 B | 3.34 B | 3.09 B | - | 3.19 B | 3.14 B | 2.99 B | - | 2.86 B | 2.88 B | 2.73 B | 3.07 B | 2.46 B | 2.44 B | 2.27 B | 2.76 B | 2.2 B | 2.17 B | 2.01 B | 2.31 B | 1.98 B | 1.9 B | 1.74 B | - | 1.94 B | 1.93 B | 1.76 B | 2.03 B | 1.78 B | 1.69 B | 1.59 B | 1.87 B | 1.67 B | 1.52 B | 1.51 B | 1.7 B | 1.52 B | 1.46 B | 1.36 B | 1.48 B | 1.29 B | 1.24 B | 1.19 B | 1.29 B | 1.13 B | 1.12 B | 1.06 B | 1.06 B | 942 M | 921 M | 844 M | 714 M | 674 M |
Operating Income |
547 M | 309 M | 390 M | 566 M | 408 M | - | 519 M | 525 M | 559 M | - | 428 M | 534 M | 418 M | - | 431 M | 523 M | 415 M | - | 495 M | 509 M | 382 M | - | 465 M | 338 M | 238 M | - | 410 M | 425 M | 261 M | - | 381 M | 323 M | 192 M | - | 326 M | 206 M | 218 M | - | 242 M | 200 M | 241 M | - | 287 M | 270 M | 160 M | - | 190 M | 212 M | 217 M | - | 181 M | 187 M | 154 M | 94 M | 101 M |
Interest Expense |
79 M | 80 M | 77 M | 74 M | 71 M | - | 74 M | 49 M | 50 M | - | 52 M | 55 M | 49 M | - | 40 M | 34 M | 34 M | - | 33 M | 34 M | 34 M | - | 28 M | 51 M | 4 M | - | 28 M | 7 M | 7 M | - | -8 M | 2 M | -1 M | - | -7 M | 1 M | -2 M | - | -2 M | - | - | - | 15 M | 16.9 M | -2.87 M | - | -1.54 M | -3.56 M | 2.28 M | - | -998 K | 56.6 M | 165 K | 1.63 M | -4.28 M |
EBITDA |
1.21 B | 640 M | 1.3 B | 1.16 B | 696 M | - | 1.34 B | 1.07 B | 828 M | - | 1.18 B | 1.03 B | 662 M | - | 973 M | 875 M | 589 M | - | 960 M | 816 M | 538 M | - | 711 M | 503 M | 323 M | - | 444 M | 695 M | 397 M | - | 642 M | 497 M | 280 M | - | 572 M | 365 M | 294 M | - | 333 M | 281 M | 324 M | - | 369 M | 357 M | 251 M | - | 277 M | 301 M | 303 M | - | 255 M | 262 M | 234 M | 165 M | 160 M |
General and Administrative Expenses |
287 M | 373 M | 289 M | 276 M | 251 M | - | 316 M | 256 M | 236 M | - | 250 M | 277 M | 246 M | - | 238 M | 200 M | 187 M | - | 178 M | 182 M | 169 M | - | 175 M | 160 M | 151 M | - | 175 M | 160 M | 151 M | - | 178 M | 167 M | 172 M | - | 201 M | 180 M | 187 M | - | 169 M | 179 M | 151 M | - | 103 M | 96.3 M | 98.5 M | - | 92.5 M | 91.8 M | 81.3 M | - | 77.1 M | 78 M | 68.2 M | 66.5 M | 61.2 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company VMware (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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