Also trades as: AEOXF (OTC) · $vol 0M · ARRPY (OTC) · $vol 0M

€107.50 ($120.51)

+3.20 (+3.07%)

Weekly Expected Move ±4.4%

€98 €103 €108 €112 €117

PAR · Industrials · Airlines, Airports & Air Services · Tech Score Sell · Power 36 · €10.6B mcap · 32M float · 0.372% daily turnover

Revenue

$6.7B +8.9% ▲

5Y CAGR: +25.7%

Gross Profit

$3.4B -15.7% ▼

5Y CAGR: +103.6%

Operating Income

$1.3B +32.7% ▲

Net Income

$381M +11.4% ▲

EPS (Diluted)

$3.86 +11.9% ▲

EBITDA

$2.3B +13.0% ▲

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.8B	$4.7B	$5.5B	$6.2B	$6.7B
YoY Growth	+29.9%	+68.8%	+17.2%	+12.1%	+8.9%
Cost of Revenue	$2.3B	$3.0B	$3.1B	$2.2B	$3.3B
Gross Profit	$520M	$1.7B	$2.4B	$4.0B	$3.4B
Gross Margin	18.7%	36.0%	43.7%	64.6%	50.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$37M	$47M	$70M	$104M	$2.1B
Operating Expenses	$601M	$735M	$1.2B	$3.0B	$2.0B
Operating Income	-$81M	$951M	$1.2B	$994M	$1.3B
Operating Margin	-2.9%	20.3%	22.6%	16.1%	19.7%
Interest Expense	$371M	$337M	$334M	$340M	$663M
Income Before Tax	-$177M	$750M	$1.0B	$842M	$823M
Tax Expense	$9M	$172M	$232M	$326M	$398M
Net Income	-$248M	$516M	$631M	$342M	$381M
Net Margin	-8.9%	11.0%	11.5%	5.6%	5.7%
EPS (Diluted)	$-2.51	$5.22	$6.40	$3.45	$3.86
EBITDA	$873M	$1.8B	$2.1B	$2.1B	$2.3B
Shares Outstanding	99M	99M	99M	99M	99M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$2.7B	$2.5B	$3.0B	$2.9B	$3.3B	$3.2B	$3.5B	$3.2B
Cost of Revenue	$1.6B	$1.6B	$1.8B	$1.3B	$1.0B	$1.2B	$1.7B	$1.7B
Gross Profit	$1.0B	$903M	$1.1B	$1.6B	$2.2B	$1.9B	$1.8B	$1.5B
Gross Margin	38.6%	35.5%	37.4%	55.3%	68.0%	60.7%	51.2%	47.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$353M	$314M	$432M	$949M	$138M	$127M	-$53M	$68M
Operating Expenses	$427M	$468M	$492M	$1.0B	$1.9B	$1.5B	$1.4B	$1.0B
Operating Income	$609M	$435M	$611M	$670M	$307M	$444M	$372M	$521M
Operating Margin	22.7%	17.1%	20.7%	23.2%	9.4%	14.0%	10.5%	16.2%
Interest Expense	$157M	$166M	$952M	$447M	$148M	$174M	$489M	$439M
Income Before Tax	$517M	$323M	$618M	$608M	$234M	$276M	$547M	$518M
Tax Expense	$113M	$110M	$122M	$149M	$177M	$205M	$193M	$206M
Net Income	$356M	$211M	$420M	$347M	-$5M	$97M	$284M	$312M
Net Margin	13.3%	8.3%	14.2%	12.0%	-0.2%	3.1%	8.0%	9.7%
EPS (Diluted)	$3.60	$2.14	$4.26	$3.52	$-0.04	$0.98	$2.88	$3.15
EBITDA	$1.0B	$883M	$1.2B	$1.3B	$1.0B	$947M	$898M	$1.0B
Shares Outstanding	99M	99M	99M	99M	100M	99M	99M	99M

ADP.PA PAR