Gen Digital (GEN) Q4 2025 earnings summary

Executive summary

• Fiscal 2025 delivered record results with 4% revenue growth to $3.935 billion and non-GAAP EPS of $2.22, up 15% year-over-year, marking the sixth consecutive year of growth and the 23rd straight quarter of expansion.

• Customer base expanded by 1.3 million to over 40 million direct paid customers, with total paid customers exceeding 65 million and direct retention at 78%.

• Acquisition of MoneyLion closed, expanding into financial wellness and trust-based solutions, and doubling the addressable market to over $50 billion.

• Strategic expansion into trust-based solutions and financial empowerment, serving nearly 500 million users globally.

Financial highlights

• Q4 FY25 revenue surpassed $1 billion for the first time, up 5% year-over-year; Q4 bookings were $1.08 billion, also up 5%.

• Q4 operating income was $590 million (non-GAAP, 58.4% margin); Q4 net income was $366 million, up 10% year-over-year.

• Q4 diluted non-GAAP EPS was $0.59, up 12% year-over-year; direct revenue was $877 million, up 4%.

• Free cash flow for Q4 was $470 million; FY25 free cash flow was $1.2 billion; ending cash balance just over $1 billion, with $2.5 billion in liquidity.

• FY25 GAAP operating income rose 45% to $1.61 billion; FY25 GAAP diluted EPS increased 9% to $1.03.

Outlook and guidance

• Fiscal 2026 non-GAAP revenue expected between $4.7–$4.8 billion, representing 6%-8% proforma growth.

• Non-GAAP EPS guidance for FY26 is $2.46–$2.54, up 12%-15% year-over-year.

• Q1 FY26 revenue expected at $1.18–$1.21 billion, with EPS of $0.59–$0.61.

• Operating margin for FY26 projected at 52–53%, reflecting segment mix and MoneyLion integration.

• Continued focus on balanced capital allocation, targeting net leverage below 3x EBITDA by end of FY27.