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:
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
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
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
1,556,079)
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
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
2,254,860)
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
(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
(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
(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
(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
1,600,197)
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
(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
(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
(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
(155,956)
(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
—)
—)
—)
—)
—)
—)
—)
—)
1,382)
(33,385)
(4,140)
(40,859)
—)
—)
(311)
(11,746)
(18,254)
(15,151)
—)
—)
387)
1,977)
(29,672)
(8,751)
Operating expenses
(1,478,804)
(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
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
(194,752)
(146,502)
(94,336)
(11,139)
(14,614)
(11,742)
(7,067)
(1,738)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Other income (expense), net
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
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
(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
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
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 an acceleration of growth in the later years. Revenue exhibited an overall upward trend, though not consistently linear. Several key components contribute to this overall picture, and are detailed below.
Revenue Composition
Products revenue consistently represents the largest portion of total revenue, showing a substantial increase over the period, particularly from 2022 onwards. Upfront products also contribute significantly, with a marked increase in values from 2020 to 2021, followed by some volatility before a strong rise in later periods. Maintenance and service revenue demonstrates a more stable, though still increasing, pattern. The combined effect of these components drives the overall revenue growth.
Gross Margin
Gross margin generally increased over the period, experiencing growth from US$641.513 million in January 2020 to US$1,600.197 million in October 2025. This suggests improving efficiency in delivering products and services, or a shift towards higher-margin offerings. There were some fluctuations, but the overall trend is positive.
Operating Expenses
Operating expenses, encompassing research and development, sales and marketing, general and administrative expenses, and amortization of acquired intangible assets, consistently represent a significant portion of revenue. While these expenses increased in absolute terms over time, their growth rate appears to be generally in line with revenue growth, maintaining a relatively stable operating margin. A substantial increase in amortization of acquired intangible assets is observed in the final periods.
Operating Income
Operating income demonstrates a clear upward trend, mirroring the revenue and gross margin improvements. From US$87.516 million in January 2020, it rose to US$121.393 million in October 2025. The period between January 2023 and October 2025 shows particularly strong growth in operating income.
Net Income
Net income follows a similar pattern to operating income, with a substantial increase over the period. The most significant jump in net income occurs between July 2024 and October 2025, driven by a large increase in income from discontinued operations. Net income attributed to Synopsys also shows consistent growth, reaching US$448.696 million in October 2025.
Interest and Other Income
Interest expense remained relatively low for most of the period, becoming more substantial in the final periods. Other income (expense), net, exhibited considerable volatility, with both positive and negative values. The significant positive value in October 2025 contributed to the overall increase in net income.
Tax Rate
The provision for income taxes fluctuates significantly, resulting in varying effective tax rates. The benefit for income taxes in some periods suggests the utilization of tax loss carryforwards or other tax credits. The tax rate appears to be higher in the later periods.
In summary, the financial performance indicates a company experiencing revenue growth, improving gross margins, and increasing profitability. The later periods demonstrate a particularly strong acceleration in growth, driven by both core operations and income from discontinued operations. Careful consideration should be given to the increasing amortization of acquired intangible assets and the volatility in other income, as well as the fluctuations in the effective tax rate.
