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Trend Micro Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary18 Feb, 2026

Executive summary

  • Achieved record quarterly and annual net revenues and operating income for FY2025, with Q4 net sales up 5% year-over-year and full-year net sales up 1.2% year-over-year to ¥275,984 million.

  • Operating income margin improved to 18% in Q4 and 21% for the full year, with operating income up 20.1% to ¥57,777 million, driven by strong cost management.

  • Enterprise segment drove growth, while consumer segment faced headwinds with declining sales; Americas region declined 6.2% due to currency effects and weak consumer business.

  • Operating income growth was supported by cost controls, especially in personnel and outsourcing, offsetting weaker-than-expected sales in the Americas and Asia Pacific.

  • All regions except the Americas posted sales growth.

Financial highlights

  • Q4 2025 net sales: ¥73,230M (+5% YoY); operating income: ¥13,303M (+50% YoY); net income: ¥7,580M (-5% YoY).

  • FY2025 net sales: ¥275,984M (+1.2% YoY); operating income: ¥57,777M (+20.1% YoY); net income: ¥34,523M (+0.5% YoY).

  • Pre-GAAP operating income for FY2025: ¥80,799M (+4% YoY).

  • Cash and cash equivalents at year-end: ¥230,458M (+23% YoY), up ¥43,066M from the prior year.

  • Dividend per share: ¥185 (+1% YoY), with a 70% payout ratio.

Outlook and guidance

  • FY2026 guidance: net sales ¥301,500M (+9.2% YoY), operating income ¥56,400M (-2.4% YoY), net income ¥36,600M (+6% YoY).

  • Sales growth expected in all regions, with Americas and Europe forecasted to grow ~10% and Asia Pacific in the mid-teens.

  • Expecting higher costs in FY2026 due to upfront investments in R&D, sales, marketing, and the Magna joint venture; operating margin expected to temporarily deteriorate.

What is Vision One's long-term profit margin target?
How will Americas sales achieve 10% growth in FY26?
How does share buyback align with capital policy?
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Frequently asked questions

Trend Micro Incorporated is a cybersecurity service provider, known for its comprehensive internet and computer content security and threat management solutions. The company's extensive product portfolio encompasses security software, network and web security, mobile device security, and anti-spam products. Trend Micro is also known for its solutions that protect data and intellectual property with integrated modules for various compliance and security needs, including ransomware and GDPR compliance, among others. The company is headquartered in Shibuya-ku, Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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