Take Two Interactive Software
TTWO · NasdaqServices-Prepackaged Software · Fiscal year ends Mar 31
Take Two Interactive Software reported revenue of $6.7B in the fiscal year ended Mar 2026, up 18.2% from the year before. Operating income was −$104M, an operating margin of −1.6%, and net income was −$298M. Operating cash flow of $624M less capital expenditure of $163M left free cash flow of $462M. Net debt was $973M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | $3.5B | $5.3B | $5.3B | $5.6B | $6.7B |
| Cost of revenue | $1.5B | $3.1B | $3.1B | $2.6B | $2.8B |
| Gross profit | $2B | $2.3B | $2.2B | $3.1B | $3.8B |
| Operating income | $474M | −$1.2B | −$3.6B | −$4.4B | −$104M |
| Interest expense | – | $130M | $141M | $167M | $151M |
| Pre-tax income | $465M | −$1.3B | −$3.7B | −$4.5B | −$198M |
| Income tax | $47M | −$213M | $41M | −$12M | $100M |
| Net income | $418M | −$1.1B | −$3.7B | −$4.5B | −$298M |
| Diluted EPS | 3.58 | −7.03 | −22.01 | −25.58 | −1.62 |
| Diluted shares | 117M | 160M | 170M | – | – |
Balance sheet
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.7B | $827M | $754M | $1.5B | $1.5B |
| Receivables | $579M | $763M | $680M | $771M | $737M |
| Inventory | $13M | – | – | – | – |
| Current assets | $3.9B | $2.5B | $2.3B | $2.8B | $3.2B |
| Net PP&E | $242M | $403M | $411M | $444M | $445M |
| Goodwill | $675M | $6.8B | $4.4B | $1.1B | $1.1B |
| Total assets | $6.5B | $15.9B | $12.2B | $9.2B | $9.4B |
| Payables | $126M | $140M | $196M | $195M | $211M |
| Deferred revenue | $865M | $1.1B | $1.1B | $1.1B | $1.2B |
| Current liabilities | $2.1B | $3.9B | $2.4B | $3.6B | $2.6B |
| Short-term debt | $0 | $1.3B | $25M | $1.1B | $30M |
| Long-term debt | $0 | $1.7B | $3.1B | $2.5B | $2.5B |
| Total liabilities | $2.7B | $6.8B | $6.5B | $7B | $5.9B |
| Shareholders' equity | $3.8B | $9B | $5.7B | $2.1B | $3.5B |
| Backlog (remaining obligations) | $1.1B | $1.3B | $1.2B | $1.3B | $1.4B |
Cash flow
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $258M | $1M | −$16M | −$45M | $624M |
| Capital expenditure | $159M | $204M | $142M | $169M | $163M |
| Free cash flow | $99M | −$203M | −$158M | −$215M | $462M |
| Depreciation & amortisation | $61M | $122M | $171M | $229M | $199M |
| Stock-based compensation | $183M | $318M | $336M | $324M | $305M |
| Acquisitions | – | $3.3B | $7M | −$7M | $3M |
| Share buybacks | $200M | $0 | $0 | – | – |
Key ratios
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 52.6% | −0.0% | 5.3% | 18.2% |
| Operating income growth (YoY) | – | −346.0% | – | – | – |
| EPS growth (YoY) | – | −296.4% | – | – | – |
| Gross margin | 56.2% | 42.7% | 41.9% | 54.4% | 57.2% |
| Operating margin | 13.5% | −21.8% | −67.1% | −77.9% | −1.6% |
| Net margin | 11.9% | −21.0% | −70.0% | −79.5% | −4.5% |
| Return on equityBlank when equity is negative | 11.0% | −12.4% | −66.1% | −209.5% | −8.5% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.7% | −9.7% | −36.6% | −78.9% | −1.5% |
| Free cash flow margin | 2.8% | −3.8% | −2.9% | −3.8% | 6.9% |
| Cash conversion (CFO ÷ net income) | 0.62x | −0.00x | 0.00x | 0.01x | −2.09x |
| Receivable days | 60 | 52 | 46 | 50 | 40 |
| Inventory days | 3 | – | – | – | – |
| Payable days | 30 | 17 | 23 | 28 | 27 |
| Interest cover | – | −8.99x | −25.5x | −26.2x | −0.69x |
| Debt ÷ equity | 0.00x | 0.34x | 0.54x | 1.71x | 0.72x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$1.7B | $2.3B | $2.3B | $2.2B | $973M |
| Current ratio | 1.84x | 0.65x | 0.94x | 0.78x | 1.24x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.