ELECTRONIC ARTS INC.
Business
ELECTRONIC ARTS INC. is a global developer, publisher and distributor of digital interactive entertainment that creates, markets and delivers games, content and services for consoles, PCs and mobile devices. It offers high‑quality games and experiences across genres such as sports, racing, first‑person shooter, action, role‑playing and simulation, and provides live services including extra content, subscriptions and free‑to‑play offerings. The company operates through core offerings like EA SPORTS franchises, live services (e.g., Ultimate Team), and digital publishing and platform initiatives. Its products are distributed globally via console partners, digital storefronts, third‑party app stores and publishing partners.
Summary from filing dated 2025-05-13
Financials
Consolidated Statement of Income
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Net revenue | 7,531 | 7,463 | 7,562 | |
| Cost of revenue | 1,584 | 1,543 | 1,710 | |
| Gross profit | 5,947 | 5,920 | 5,852 | |
| Operating expenses: | — | — | — | |
| Research and development | 2,828 | 2,569 | 2,420 | |
| Marketing and sales | 1,128 | 962 | 1,019 | |
| General and administrative | 763 | 745 | 691 | |
| Amortization and impairment of intangibles | 66 | 67 | 142 | |
| Restructuring | 0 | 57 | 62 | |
| Total operating expenses | 4,785 | 4,400 | 4,334 | |
| Operating income | 1,162 | 1,520 | 1,518 | |
| Interest and other income (expense), net | 18 | 85 | 71 | |
| Income before provision for income taxes | 1,180 | 1,605 | 1,589 | |
| Provision for income taxes | 293 | 484 | 316 | |
| Net income | 887 | 1,121 | 1,273 | |
| Earnings per share: | — | — | — | |
| Basic (in dollars per share) | 3.55 | 4.28 | 4.71 | |
| Diluted (in dollars per share) | 3.51 | 4.25 | 4.68 | |
| Number of shares used in computation: | — | — | — | |
| Basic (in shares) | 250 | 262 | 270 | |
| Diluted (in shares) | 253 | 264 | 272 |
Consolidated Balance Sheet
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents | 2,864 | 2,136 | |
| Short-term investments | 116 | 112 | |
| Receivables, net | 632 | 679 | |
| Other current assets | 361 | 349 | |
| Total current assets | 3,973 | 3,276 | |
| Property and equipment, net | 613 | 586 | |
| Goodwill | 5,388 | 5,376 | |
| Acquisition-related intangibles, net | 195 | 293 | |
| Deferred income taxes, net | 2,433 | 2,420 | |
| Other assets | 529 | 417 | |
| TOTAL ASSETS | 13,131 | 12,368 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | — | — | |
| Current liabilities: | — | — | |
| Accounts payable, accrued, and other current liabilities | 1,564 | 1,359 | |
| Deferred net revenue (online-enabled games) | 2,233 | 1,700 | |
| Senior notes, current, net | 0 | 400 | |
| Total current liabilities | 3,797 | 3,459 | |
| Senior notes, net | 1,485 | 1,484 | |
| Income tax obligations | 604 | 594 | |
| Other liabilities | 481 | 445 | |
| Total liabilities | 6,367 | 5,982 | |
| Commitments and contingencies (See Note 13) | — | — | |
| Stockholders’ equity: | — | — | |
| Preferred stock, $0.01 par value. 10 shares authorized | 0 | 0 | |
| Common stock, $0.01 par value. 1,000 shares authorized; 251 and 252 shares issued and outstanding, respectively | 3 | 3 | |
| Additional paid-in capital | 256 | 0 | |
| Retained earnings | 6,607 | 6,470 | |
| Accumulated other comprehensive income (loss) | −102 | −87 | |
| Total stockholders’ equity | 6,764 | 6,386 | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 13,131 | 12,368 |
Consolidated Statement of Cash Flows
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| OPERATING ACTIVITIES | — | — | — | |
| Net income | 887 | 1,121 | 1,273 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | — | — | — | |
| Depreciation, amortization, accretion and impairment | 323 | 356 | 404 | |
| Stock-based compensation | 656 | 642 | 584 | |
| Change in assets and liabilities: | — | — | — | |
| Receivables, net | −46 | 115 | −119 | |
| Other assets | 85 | −40 | −148 | |
| Accounts payable, accrued, and other liabilities | 206 | 190 | −208 | |
| Deferred income taxes, net | 13 | 41 | −82 | |
| Deferred net revenue (online-enabled games) | 533 | −114 | −87 | |
| Net cash provided by operating activities | 2,553 | 2,079 | 2,315 | |
| INVESTING ACTIVITIES | — | — | — | |
| Capital expenditures | 230 | 221 | 199 | |
| Proceeds from maturities and sales of short-term investments | 129 | 695 | 632 | |
| Purchase of short-term and other investments | 158 | 437 | 640 | |
| Acquisitions, net of cash acquired | 17 | 0 | 0 | |
| Net cash provided by (used in) investing activities | −276 | 37 | −207 | |
| FINANCING ACTIVITIES | — | — | — | |
| Payment of senior notes | 400 | 0 | 0 | |
| Proceeds from issuance of common stock | 83 | 78 | 77 | |
| Cash dividends paid | 191 | 199 | 205 | |
| Cash paid to taxing authorities for shares withheld from employees | 291 | 234 | 196 | |
| Common stock repurchases and excise taxes paid | 769 | 2,508 | 1,300 | |
| Net cash used in financing activities | −1,568 | −2,863 | −1,624 | |
| Effect of foreign exchange on cash and cash equivalents | 19 | −17 | −8 | |
| Increase (decrease) in cash and cash equivalents | 728 | −764 | 476 | |
| Ending cash and cash equivalents | — | — | — | |
| Ending cash and cash equivalents | — | — | — | |
| Supplemental cash flow information: | — | — | — | |
| Cash paid during the year for income taxes paid, net of refunds received | 201 | 404 | 300 | |
| Cash paid during the year for interest | 53 | 56 | 56 | |
| Non-cash investing activities: | — | — | — | |
| Change in accrued capital expenditures | 4 | 0 | 25 |