Also trades as: TCAPF (OTC) · $vol 0M

£323.20 ($4.28)

+1.80 (+0.56%)

Weekly Expected Move ±4.7%

£293 £308 £323 £338 £354

LSE · Financial Services · Investment - Banking & Investment Services · Tech Score Sell · Power 42 · £2.3B mcap · 728M float · 0.229% daily turnover

Revenue

$2.4B +4.9% ▲

5Y CAGR: +5.5%

Gross Profit

$2.2B +183.5% ▲

5Y CAGR: +25.4%

Operating Income

$261M +2.8% ▲

5Y CAGR: +8.0%

Net Income

$186M +11.4% ▲

5Y CAGR: +14.1%

EPS (Diluted)

$0.24 +14.3% ▲

5Y CAGR: +11.4%

EBITDA

$433M +14.6% ▲

5Y CAGR: +9.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.9B	$2.1B	$2.2B	$2.3B	$2.4B
YoY Growth	+3.2%	+13.4%	+4.3%	+2.2%	+4.9%
Cost of Revenue	$1.1B	$1.5B	$1.4B	$1.5B	$115M
Gross Profit	$792M	$2.1B	$762M	$793M	$2.2B
Gross Margin	42.5%	97.4%	34.6%	35.2%	95.1%
R&D Expenses	$208M	$237M	$238M	$245M	$0
SG&A Expenses	$241M	$294M	$265M	$273M	$0
Operating Expenses	$630M	$1.9B	$519M	$539M	$2.0B
Operating Income	$97M	$163M	$235M	$254M	$261M
Operating Margin	5.2%	7.7%	10.7%	11.3%	11.0%
Interest Expense	$0	$0	$0	$63M	$68M
Income Before Tax	$31M	$142M	$116M	$233M	$250M
Tax Expense	$23M	$36M	$40M	$63M	$61M
Net Income	$5M	$103M	$74M	$167M	$186M
Net Margin	0.3%	4.9%	3.4%	7.4%	7.9%
EPS (Diluted)	$0.01	$0.13	$0.09	$0.21	$0.24
EBITDA	$277M	$293M	$352M	$378M	$433M
Shares Outstanding	768M	791M	794M	786M	768M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$1.0B	$1.1B	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.3B
Cost of Revenue	$83M	$132M	$103M	-$34M	$1.5B	$0	$59M	$59M
Gross Profit	$958M	$1.0B	$966M	$1.1B	$1.1B	$1.2B	$1.2B	$1.2B
Gross Margin	92.0%	88.4%	90.4%	103.1%	100.0%	100.0%	95.2%	95.4%
R&D Expenses	$193M	$107M	$193M	$115M	$103M	$108M	$0	$0
SG&A Expenses	$868M	$950M	-$685M	$951M	$944M	$1.0B	$0	$0
Operating Expenses	$957M	$1.0B	-$498M	-$668M	$1.2B	$1.1B	$954M	$1.1B
Operating Income	$83M	$132M	$103M	$385M	-$131M	$140M	$215M	$153M
Operating Margin	8.0%	11.6%	9.6%	34.6%	-12.2%	11.8%	17.5%	11.8%
Interest Expense	$29M	$30M	$36M	$0	$0	$0	$32M	$33M
Income Before Tax	$41M	$91M	$18M	$131M	$102M	$134M	$116M	$145M
Tax Expense	$0	$31M	$9M	$38M	$25M	$33M	$28M	$39M
Net Income	$39M	$66M	$8M	$91M	$76M	$99M	$87M	$104M
Net Margin	3.7%	5.8%	0.7%	8.2%	7.1%	8.3%	7.1%	8.0%
EPS (Diluted)	$0.05	$0.08	$0.01	$0.12	$0.10	$0.13	$0.11	$0.14
EBITDA	$146M	$191M	$161M	$583M	$177M	$203M	$207M	$237M
Shares Outstanding	796M	796M	780M	783M	789M	772M	763M	755M

TCAP.L LSE