Take-Two Interactive Software, Inc. (TTWO) financials
NASDAQ · Technology · Electronic Gaming & Multimedia · 12,909 employees · CEO Strauss H. Zelnick
- Price
- $190.17 -1.67%
- Market cap
- $35.6B
- Enterprise value
- $37.1B
- Last report
- Q1 '27 filed 2026-08-07
- Next report
- 2026-11-09 EPS est. $0.97
Revenue (TTM)$6.69B+15.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-2.4%+8.0 pp vs a year agoOperating income -$162M
Net income (TTM)-$320M+92.4% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$326M+659.3% vs a year agoCapex $174M
Diluted EPS (TTM)-$1.73+92.8% vs a year agoSum of the last 4 quarters
Net cash-$1.12B+24.0% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $35.6B EV $37.1B
- Revenue
- $6.69B Trailing 12 months
- Revenue growth
- +29% FY2027 consensus
- Profit margin
- -4.8% Net income / revenue, TTM
- P/E
- -109.9× Forward 27.1× (FY2027)
- P/S
- 5.3× Price / sales, TTM
- EV / EBITDA
- 29.6× TTM
- Free cash flow
- $326M Trailing 12 months
- Net income
- -$320M Trailing 12 months
- Revenue estimate
- $8.59B FY2027 consensus
- Earnings
- 2026-11-09 Revenue est. $1.61B
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-07): revenue beat by 13.0%, EPS missed by 45.0%Revenue $1.53B vs $1.36B expected (+13.0%); EPS $0.18 vs $0.33 (-45.0%).
- Revenue growth slowing: 2.0% year on yearQ1 '27 revenue $1.53B, against an average of 18.6% over the four quarters before.
- Operating margin -2.4% (TTM), +8.0 pp on a year agoOperating income grew 73.2% while revenue grew 15.3%.
- Capex 2.6% of revenue (a year ago 2.7%)$174M invested in the last 4 quarters (+9.2% on a year earlier). Free cash flow $326M.
- Returned $1.3M to shareholders = 0.4% of free cash flowBuybacks $1.3M (a year earlier $0), dividends $0, stock-based pay $351M (TTM).
- Diluted share count up 3.0% in a year186M diluted shares in Q1 '27, 181M a year earlier.
- Net debt $1.12BCash + short-term investments $1.83B, debt incl. leases $2.94B; a year ago net debt $1.47B.
Last quarter: Q1 '27
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q1 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $1.53B | $1.5B | +2.0% |
| Gross margin | 57.5% | 62.8% | -5.3 pp |
| Operating income | -$35.5M | $17.4M | -304.0% |
| Operating margin | -2.3% | 1.2% | -3.5 pp |
| Net income | -$34.1M | -$11.9M | -186.6% |
| Diluted EPS | -$0.18 | -$0.07 | -173.6% |
| Operating cash flow | -$169M | -$44.7M | -277.6% |
| Capex | $25M | $25.1M | -0.4% |
| Free cash flow | -$194M | -$69.8M | -177.7% |
| R&D | $274M | $261M | +4.7% |
| Stock-based compensation | $86M | $40.7M | +111.3% |
Reported vs consensus
2026-08-07| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $1.53B | $1.36B | +13.0% |
| EPS (as estimated) | $0.18 | $0.33 | -45.0% |
From the report of 2026-08-07 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Mobile | $762M | -4.9% | 49.7% | $3.29B | +9.0% | |
| Console | $641M | +16.3% | 41.8% | $2.69B | +25.5% | |
| P C And Other Products | $131M | -13.5% | 8.5% | $706M | +10.8% |
Revenue by region
share of total| Segment | Q1 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $920M | +2.2% | 60.0% | $3.96B | +13.6% | |
| Non-US | $614M | +1.7% | 40.0% | $2.73B | +17.9% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $500M
- Capex
- -$174M
- Buybacks
- -$1.3M
- Dividends
- $0
- Acquisitions
- -$18.4M
- Net debt issued
- -$550M
- Stock-based compensation
- $351M
- Free cash flow
- $326M
- Returned to shareholders / FCF
- 0.4%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -109.9× | 42.5× 1 of 5 years | 42.5× – 42.5× |
| EV / EBITDA | 29.6× | 29.9× 3 of 5 years | 21.8× – 37.3× |
| EV / Sales | 5.6× | 5.3× | 4.1× – 6.9× |
| Price / FCF | 109.0× | 129.0× 2 of 5 years | 79.3× – 178.6× |
| Price / Book | 9.8× | 7.7× | 2.1× – 17.0× |
| FCF yield | 0.9% | -0.1% | -1.1% – 1.3% |
| Return on invested capital | -2.3% | -4.4% | -11.6% – 9.5% |
| Return on equity | -9.1% | -57.1% | -209.5% – 11.0% |
Analysts
Consensus target $292.30 (+53.7%)
range $270.00 – $313.00 · rating Buy
Strong buy0
Buy47
Hold12
Sell0
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $8.59B | +29.1% | $7.03 | +533.8% | 27.1× | 11 |
| FY2028 | $9.19B | +6.9% | $10.23 | +45.6% | 18.6× | 13 |
| FY2029 | $9.36B | +1.8% | $10.61 | +3.7% | 17.9× | 8 |
| FY2030 | $10.4B | +11.4% | $11.73 | +10.6% | 16.2× | 3 |
| FY2031 | $10.1B | -2.9% | $9.46 | -19.4% | 20.1× | 4 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 250 figures Take-Two Interactive Software, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| – | – | – | -$30.4M | – | – | |
| – | – | – | 15.3% | – | – | |
| – | – | – | -0.3%2025-03-31 | -0.5% | +40.0% | |
| – | – | – | $0 | – | – | |
| – | – | – | $700K | – | – | |
| Accounts Payable, Current | $180M | $193M | -7.2% | $211M | $195M | +8.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $607M | $658M | -7.7% | $737M | $771M | -4.4% |
| Accounts Receivable, Allowance for Credit Loss, Current | $800K | $2M | -60.0% | $900K | $1.6M | -43.8% |
| Accounts Receivable, Held-for-sale | – | – | – | $215M2025-05-19 | – | – |
| Accrued Liabilities, Current | $914M | $994M | -8.0% | $1.12B | $1.13B | -0.9% |
| Accrued Marketing Costs, Current | $63.1M | $70.4M | -10.4% | $58.5M | $77M | -24.0% |
| Accrued Royalties, Current | $347M | $444M | -21.9% | $359M | $420M | -14.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $634M2026-03-31 | $511M | +24.1% | $634M | $511M | +24.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$77.8M | -$14M | -455.7% | -$67.3M | -$96.9M | +30.5% |
| Additional Paid in Capital, Common Stock | $12.1B | $11.6B | +4.4% | $12B | $10.3B | +15.9% |
| Advertising Expense | – | – | – | $1.29B | $1.25B | +2.6% |
| Amortization of Intangible Assets | – | – | – | $726M | $923M | -21.3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $111M | $54.3M | +105.0% | $397M | $399M | -0.4% |
| Assets | $9.06B | $9.68B | -6.4% | $9.38B | $9.18B | +2.2% |
| Assets, Current | $2.96B | $3.28B | -9.9% | $3.2B | $2.82B | +13.6% |
| Assets, Fair Value Disclosure | $1.55B | $1.89B | -17.8% | $1.68B | $1.28B | +31.3% |
| Capitalized Computer Software, Impairments | $43.4M | -$4.6M | +1,043.5% | $21.7M2024-03-31 | – | – |
| Cash and Cash Equivalents, at Carrying Value | $1.36B | $2.03B | -32.6% | $1.55B | $1.46B | +6.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.45B | $2.12B | -31.7% | $1.64B | $1.56B | +5.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$192M | $557M | -134.5% | $78.9M | $457M | -82.7% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 300M | 300M | 0.0% | 300M | 300M | 0.0% |
| Common Stock, Shares, Issued | 211M | 208M | +1.2% | 209M | 201M | +4.1% |
| Common Stock, Shares, Outstanding | 187M | 184M | +1.4% | 185M | 177M | +4.7% |
| Common Stock, Value, Issued | $2.1M | $2.1M | 0.0% | $2.1M | $2M | +5.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$44.6M | $71M | -162.8% | -$269M | -$4.47B | +94.0% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $69.7M | $84.2M | -17.2% | $89.7M | $80.8M | +11.0% |
| Contract with Customer, Liability | $1.01B | $1.04B | -2.4% | $1.19B | $1.11B | +7.3% |
| Contract with Customer, Liability, Current | $988M | $1.02B | -2.9% | $1.16B | $1.08B | +7.1% |
| Contract with Customer, Liability, Noncurrent | $26.1M | $21.6M | +20.8% | $29.7M | $25.4M | +16.9% |
| Contract with Customer, Liability, Revenue Recognized | $616M | $533M | +15.5% | $1.07B | $1.04B | +2.0% |
| Contractual Obligation | $740M2026-03-31 | $452M | +63.7% | $740M | $452M | +63.7% |
| Contractual Obligation, to be Paid, after Year Five | $59.4M2026-03-31 | $0 | – | $59.4M | $0 | – |
| Contractual Obligation, to be Paid, Year Five | $50.7M2026-03-31 | $8.1M | +525.9% | $50.7M | $8.1M | +525.9% |
| Contractual Obligation, to be Paid, Year Four | $62.3M2026-03-31 | $12.6M | +394.4% | $62.3M | $12.6M | +394.4% |
| Contractual Obligation, to be Paid, Year One | $324M2026-03-31 | $231M | +39.9% | $324M | $231M | +39.9% |
| Contractual Obligation, to be Paid, Year Three | $82.4M2026-03-31 | $47.8M | +72.4% | $82.4M | $47.8M | +72.4% |
| Contractual Obligation, to be Paid, Year Two | $162M2026-03-31 | $152M | +6.2% | $162M | $152M | +6.2% |
| Cost of Revenue | $651M | $559M | +16.6% | $2.85B | $2.57B | +10.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $9.9M | $200K | +4,850.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $166M | $115M | +44.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $178M | $127M | +40.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2.1M | $11.5M | -81.7% |
| Customer Refund Liability, Current | $22.4M | $25.2M | -11.1% | $34M | $32.8M | +3.7% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $10.2M | $15M | -32.0% | $12M | $15.9M | -24.5% |
| Debt Securities, Available-for-sale | $444M2026-03-31 | $9.4M | +4,621.3% | $444M | $9.4M | +4,621.3% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $02026-03-31 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $02026-03-31 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Amortized Cost | $444M2026-03-31 | $9.4M | +4,621.3% | $444M | $9.4M | +4,621.3% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $444M2026-03-31 | $9.4M | +4,621.3% | $444M | $9.4M | +4,621.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $444M2026-03-31 | $9.4M | +4,621.3% | $444M | $9.4M | +4,621.3% |
| Debt, Long-term and Short-term, Combined Amount | $2.53B | $3.08B | -17.9% | $2.53B | $3.68B | -31.2% |
| Deferred Costs, Current | $69.7M | $84.2M | -17.2% | $89.7M | $80.8M | +11.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $300K | -$55.3M | +100.5% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$78M | -$83.8M | +6.9% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-K 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-K 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02