The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Synopsys Inc., consolidated income statement (quarterly data)
US$ in thousands
3 months ended:
Jan 31, 2026
Oct 31, 2025
Jul 31, 2025
Apr 30, 2025
Jan 31, 2025
Oct 31, 2024
Jul 31, 2024
Apr 30, 2024
Jan 31, 2024
Oct 31, 2023
Jul 31, 2023
Apr 30, 2023
Jan 31, 2023
Oct 31, 2022
Jul 31, 2022
Apr 30, 2022
Jan 31, 2022
Oct 31, 2021
Jul 31, 2021
Apr 30, 2021
Jan 31, 2021
Oct 31, 2020
Jul 31, 2020
Apr 30, 2020
Jan 31, 2020
Time-based products
951,541)
940,681)
892,364)
828,326)
828,238)
834,375)
803,147)
781,714)
805,063)
870,249)
922,874)
808,196)
782,313)
808,160)
754,322)
723,821)
707,483)
688,116)
665,563)
648,794)
631,290)
606,598)
612,065)
590,097)
556,439)
Upfront products
741,530)
615,398)
516,404)
510,676)
368,124)
520,939)
442,528)
396,389)
442,366)
449,181)
297,967)
345,524)
336,658)
253,245)
268,584)
336,625)
368,274)
274,265)
203,301)
209,116)
174,381)
244,155)
210,931)
129,765)
150,721)
Products revenue
1,693,071)
1,556,079)
1,408,768)
1,339,002)
1,196,362)
1,355,314)
1,245,675)
1,178,103)
1,247,429)
1,319,430)
1,220,841)
1,153,720)
1,118,971)
1,061,405)
1,022,906)
1,060,446)
1,075,757)
962,381)
868,864)
857,910)
805,671)
850,753)
822,996)
719,862)
707,160)
Maintenance and service
715,727)
698,781)
330,969)
265,264)
258,953)
280,672)
280,074)
276,609)
263,560)
279,698)
266,447)
241,143)
242,369)
222,887)
224,860)
218,783)
194,498)
190,038)
188,266)
166,413)
164,650)
174,686)
141,138)
141,465)
127,221)
Revenue
2,408,798)
2,254,860)
1,739,737)
1,604,266)
1,455,315)
1,635,986)
1,525,749)
1,454,712)
1,510,989)
1,599,128)
1,487,288)
1,394,863)
1,361,340)
1,284,292)
1,247,766)
1,279,229)
1,270,255)
1,152,419)
1,057,130)
1,024,323)
970,321)
1,025,439)
964,134)
861,327)
834,381)
Products
(242,402)
(251,212)
(230,895)
(216,216)
(168,842)
(216,485)
(179,536)
(198,719)
(175,498)
(213,586)
(190,809)
(184,732)
(174,367)
(173,617)
(164,077)
(150,690)
(165,399)
(152,437)
(127,592)
(134,738)
(127,347)
(142,838)
(118,478)
(108,207)
(117,784)
Maintenance and service
(146,738)
(154,217)
(103,301)
(94,471)
(92,537)
(91,707)
(96,630)
(88,178)
(90,540)
(98,779)
(98,299)
(95,410)
(91,347)
(89,313)
(87,774)
(87,666)
(78,225)
(68,992)
(65,604)
(67,840)
(68,766)
(69,991)
(60,812)
(62,213)
(61,915)
Amortization of acquired intangible assets
(248,242)
(249,234)
(46,368)
(7,660)
(8,596)
(66,831)
(14,510)
(13,500)
(13,155)
(19,978)
(18,374)
(17,872)
(18,640)
(19,791)
(19,330)
(14,455)
(13,360)
(13,297)
(11,870)
(11,408)
(11,886)
(11,720)
(13,718)
(13,845)
(13,169)
Cost of revenue
(637,382)
(654,663)
(380,564)
(318,347)
(269,975)
(375,023)
(290,676)
(300,397)
(279,193)
(332,343)
(307,482)
(298,014)
(284,354)
(282,721)
(271,181)
(252,811)
(256,984)
(234,726)
(205,066)
(213,986)
(207,999)
(224,549)
(193,008)
(184,265)
(192,868)
Gross margin
1,771,416)
1,600,197)
1,359,173)
1,285,919)
1,185,340)
1,260,963)
1,235,073)
1,154,315)
1,231,796)
1,266,785)
1,179,806)
1,096,849)
1,076,986)
1,001,571)
976,585)
1,026,418)
1,013,271)
917,693)
852,064)
810,337)
762,322)
800,890)
771,126)
677,062)
641,513)
Research and development
(714,988)
(746,842)
(625,301)
(553,979)
(553,216)
(554,818)
(508,872)
(493,136)
(525,534)
(488,485)
(507,402)
(485,597)
(465,329)
(461,618)
(444,826)
(389,964)
(383,971)
(413,864)
(371,146)
(362,345)
(357,468)
(339,566)
(322,602)
(302,571)
(314,283)
Sales and marketing
(396,375)
(390,491)
(259,480)
(215,021)
(209,199)
(219,225)
(211,491)
(209,783)
(218,843)
(228,982)
(227,134)
(222,115)
(210,785)
(208,448)
(199,246)
(191,573)
(180,510)
(197,681)
(171,428)
(172,754)
(170,628)
(176,499)
(156,456)
(146,200)
(152,855)
General and administrative
(182,732)
(185,515)
(280,550)
(136,497)
(167,086)
(172,032)
(150,437)
(114,763)
(131,264)
(112,150)
(109,714)
(91,083)
(97,364)
(107,414)
(91,461)
(73,957)
(81,008)
(88,960)
(83,846)
(72,694)
(77,488)
(79,796)
(73,516)
(62,474)
(68,744)
Amortization of acquired intangible assets
(155,993)
(155,956)
(28,573)
(3,996)
(4,000)
(4,086)
(4,062)
(4,561)
(3,529)
(8,029)
(6,697)
(6,582)
(6,717)
(6,718)
(7,124)
(6,912)
(9,000)
(8,646)
(8,570)
(8,313)
(8,390)
(9,284)
(9,931)
(10,250)
(9,364)
Restructuring charges
(118,282)
—)
—)
—)
—)
—)
—)
—)
—)
1,382)
(33,385)
(4,140)
(40,859)
—)
—)
(311)
(11,746)
(18,254)
(15,151)
—)
—)
387)
1,977)
(29,672)
(8,751)
Operating expenses
(1,568,370)
(1,478,804)
(1,193,904)
(909,493)
(933,501)
(950,161)
(874,862)
(822,243)
(879,170)
(836,264)
(884,332)
(809,517)
(821,054)
(784,198)
(742,657)
(662,717)
(666,235)
(727,405)
(650,141)
(616,106)
(613,974)
(604,758)
(560,528)
(551,167)
(553,997)
Operating income
203,046)
121,393)
165,269)
376,426)
251,839)
310,802)
360,211)
332,072)
352,626)
430,521)
295,474)
287,332)
255,932)
217,373)
233,928)
363,701)
347,036)
190,288)
201,923)
194,231)
148,348)
196,132)
210,598)
125,895)
87,516)
Interest expense
(162,715)
(194,752)
(146,502)
(94,336)
(11,139)
(14,614)
(11,742)
(7,067)
(1,738)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Other income (expense), net
38,722)
589,883)
170,543)
114,101)
50,417)
26,691)
43,526)
16,525)
106,566)
(20,830)
25,808)
4,253)
23,292)
(5,244)
2,426)
(23,913)
(19,793)
8,790)
11,414)
21,764)
28,756)
(4,566)
26,256)
(15,729)
12,057)
Income before income taxes
79,053)
516,524)
189,310)
396,191)
291,117)
322,879)
391,995)
341,530)
457,454)
409,691)
321,282)
291,585)
279,224)
212,129)
236,354)
339,788)
327,243)
199,078)
213,337)
215,995)
177,104)
191,566)
236,854)
110,166)
99,573)
(Provision) benefit for income taxes
(14,337)
(68,071)
52,967)
(47,181)
6,294)
(62,084)
30,712)
(45,437)
(22,909)
(63,196)
11,773)
(21,637)
(10,597)
(60,572)
(16,708)
(45,896)
(13,902)
2,059)
(14,945)
(21,193)
(15,076)
4,989)
16,057)
(246)
4,488)
Net income from continuing operations
64,716)
448,453)
242,277)
349,010)
297,411)
260,795)
422,707)
296,093)
434,545)
346,495)
333,055)
269,948)
268,627)
151,557)
219,646)
293,892)
313,341)
201,137)
198,392)
194,802)
162,028)
196,555)
252,911)
109,920)
104,061)
Income (loss) from discontinued operations, net of income taxes
—)
—)
—)
(3,900)
—)
834,825)
(17,813)
(7,004)
11,662)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Net income
64,716)
448,453)
242,277)
345,110)
297,411)
1,095,620)
404,894)
289,089)
446,207)
346,495)
333,055)
269,948)
268,627)
151,557)
219,646)
293,892)
313,341)
201,137)
198,392)
194,802)
162,028)
196,555)
252,911)
109,920)
104,061)
Net (income) loss attributed to non-controlling interest and redeemable non-controlling interest
The financial performance, as indicated by the income statement, demonstrates a generally positive trajectory over the observed period, with notable fluctuations and a significant surge in later quarters. Revenue exhibited consistent growth from 2020 through 2023, followed by a substantial increase in 2024 and 2025. While cost of revenue increased alongside revenue, the company maintained a healthy gross margin throughout the period. Operating expenses also increased, but revenue growth generally outpaced these increases, leading to improved operating income.
Revenue Trends
Total revenue began at US$834.381 million in January 2020 and steadily increased to US$1,599.128 million by October 2023. A particularly large increase occurred between July 2024 and October 2024, reaching US$1,635.986 million, and continued into 2025, peaking at US$2,408.798 million in October 2025. This growth was primarily driven by increases in both time-based products and upfront products revenue. Time-based products consistently contributed the larger portion of revenue. Upfront products experienced more volatility, with a significant jump in the latter half of 2020 and again in 2023 and 2024.
Profitability Analysis
Gross margin remained relatively stable, fluctuating between approximately 64% and 72% of revenue. Operating income showed a similar upward trend to revenue, increasing from US$87.516 million in January 2020 to US$430.521 million in January 2024, and peaking at US$79.053 million in January 2026. Net income followed a similar pattern, with a substantial increase in the later periods, reaching US$1,114.106 million in July 2025. The significant increase in net income in 2025 is partially attributable to income from discontinued operations.
Expense Management
Cost of revenue consistently represented a significant portion of revenue, generally ranging between 23% and 28%. Operating expenses, encompassing research and development, sales and marketing, and general and administrative expenses, also increased over time. Research and development consistently represented the largest component of operating expenses. A notable increase in restructuring charges was observed in certain quarters, particularly in January 2020 and October 2022, and again in January 2025. Amortization of acquired intangible assets also contributed to operating expenses, with a substantial increase in 2025.
Tax Impact
The provision for income taxes varied significantly across the observed period, ranging from a benefit in some quarters to a substantial expense in others. This variability likely reflects changes in taxable income and applicable tax rates. The effective tax rate fluctuated considerably, impacting net income.
Overall, the financial performance indicates a company experiencing robust growth, particularly in recent quarters. While expenses increased, revenue growth and effective cost management contributed to improved profitability. The substantial increase in revenue and net income in 2024 and 2025 warrants further investigation to understand the underlying drivers and sustainability of this growth.
