Segment and Geographic Information

The Company’s CODM is its Chief Executive Officer. The CODM uses consolidated net income for purposes of making operating decisions, assessing financial performance and allocating resources in the budget and forecasting process and budget-to-actual reviews. As such, the Company has determined that it operates as one operating and reportable segment.

The CODM also utilizes expense information in order to assess the Company’s financial performance. The Company’s significant expenses and other segment items, as included in consolidated net income, are provided in the table below (in thousands):


	Fiscal Year Ended March 31,
	2025		2024		2023
Revenue	$	1,698,683	$	1,430,530	$	1,158,530

Adjusted cost of revenue(1)	267,559		221,508		187,766
Adjusted research and development expenses(1)	276,582		229,724		175,239
Adjusted sales and marketing expenses(1)	523,919		463,288		393,198
Adjusted general and administrative expenses(1)	137,083		117,771		110,536
Share-based compensation and related employer payroll taxes	287,147		222,884		153,065
Amortization of intangibles	26,802		38,558		41,856
Other segment items(2)	(304,093)		(17,835)		(11,089)
Segment net income	$	483,684	$	154,632	$	107,959

Consolidated net income	$	483,684	$	154,632	$	107,959

(1) Excludes share-based compensation; employer payroll taxes on employee stock transactions; amortization of intangibles; and transaction, restructuring and other-non-recurring or unusual items, which are independently reviewed by the CODM.

(2) Other segment items primarily includes interest income (expense), net; other (expense) income, net; and income tax benefit (expense), as reported in the consolidated statements of operations. Other segment items also includes $0.2 million, $8.4 million, and $4.1 million of transaction, restructuring and other-non-recurring or unusual items for the years ended March 31, 2025, 2024, and 2023, respectively.

The measure of segment assets is the total assets as reported in the consolidated balance sheets.

Revenue

Revenues by geography are based on the region of the Company’s contracting entity. Refer to Note 3, Revenue Recognition, for a disaggregation of revenue by geographic region.

Long-lived assets, net

The following table presents the Company’s net long-lived assets, which consists of property and equipment, net, and operating lease right-of-use asset, net, by geographic region for the periods presented (in thousands):


	March 31,
	2025		2024
North America	$	36,522	$	35,339
Europe, Middle East and Africa	88,255		73,892
Asia Pacific	3,577		5,041
Latin America	647		443
Total long-lived assets, net	$	129,001	$	114,715

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Dynatrace, Inc. Segments Disclosure

About Segments Disclosures

Other Available Disclosures