Nice Ltd
NASDAQ:NICE
Income Statement
Earnings Waterfall
Nice Ltd
Revenue
|
2.4B
USD
|
Cost of Revenue
|
-768.2m
USD
|
Gross Profit
|
1.6B
USD
|
Operating Expenses
|
-1.2B
USD
|
Operating Income
|
449.2m
USD
|
Other Expenses
|
-112.7m
USD
|
Net Income
|
336.5m
USD
|
Income Statement
Nice Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
949
N/A
|
938
-1%
|
905
-3%
|
883
-2%
|
872
-1%
|
876
+0%
|
899
+3%
|
913
+2%
|
927
+2%
|
936
+1%
|
949
+1%
|
965
+2%
|
1 016
+5%
|
1 095
+8%
|
1 178
+8%
|
1 264
+7%
|
1 332
+5%
|
1 362
+2%
|
1 392
+2%
|
1 426
+2%
|
1 445
+1%
|
1 486
+3%
|
1 524
+3%
|
1 555
+2%
|
1 574
+1%
|
1 607
+2%
|
1 620
+1%
|
1 644
+1%
|
1 648
+0%
|
1 693
+3%
|
1 756
+4%
|
1 840
+5%
|
1 921
+4%
|
1 994
+4%
|
2 067
+4%
|
2 128
+3%
|
2 181
+2%
|
2 226
+2%
|
2 276
+2%
|
2 323
+2%
|
2 378
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(365)
|
(358)
|
(340)
|
(326)
|
(304)
|
(298)
|
(303)
|
(301)
|
(304)
|
(305)
|
(313)
|
(317)
|
(338)
|
(379)
|
(410)
|
(448)
|
(469)
|
(472)
|
(477)
|
(483)
|
(497)
|
(508)
|
(520)
|
(531)
|
(532)
|
(541)
|
(546)
|
(553)
|
(562)
|
(570)
|
(585)
|
(605)
|
(624)
|
(644)
|
(658)
|
(668)
|
(684)
|
(703)
|
(728)
|
(748)
|
(768)
|
|
Gross Profit |
585
N/A
|
580
-1%
|
565
-3%
|
557
-1%
|
568
+2%
|
578
+2%
|
596
+3%
|
612
+3%
|
623
+2%
|
632
+1%
|
636
+1%
|
648
+2%
|
678
+5%
|
716
+6%
|
768
+7%
|
816
+6%
|
863
+6%
|
891
+3%
|
916
+3%
|
943
+3%
|
948
+1%
|
978
+3%
|
1 005
+3%
|
1 024
+2%
|
1 042
+2%
|
1 067
+2%
|
1 074
+1%
|
1 090
+2%
|
1 086
0%
|
1 123
+3%
|
1 172
+4%
|
1 235
+5%
|
1 297
+5%
|
1 350
+4%
|
1 409
+4%
|
1 460
+4%
|
1 498
+3%
|
1 522
+2%
|
1 548
+2%
|
1 575
+2%
|
1 609
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(502)
|
(497)
|
(480)
|
(470)
|
(457)
|
(449)
|
(459)
|
(453)
|
(457)
|
(455)
|
(467)
|
(479)
|
(534)
|
(588)
|
(638)
|
(694)
|
(712)
|
(734)
|
(739)
|
(753)
|
(749)
|
(763)
|
(781)
|
(792)
|
(803)
|
(819)
|
(825)
|
(832)
|
(842)
|
(873)
|
(911)
|
(970)
|
(1 031)
|
(1 080)
|
(1 120)
|
(1 148)
|
(1 162)
|
(1 166)
|
(1 171)
|
(1 174)
|
(1 160)
|
|
Selling, General & Administrative |
(336)
|
(330)
|
(320)
|
(317)
|
(314)
|
(312)
|
(319)
|
(316)
|
(316)
|
(315)
|
(321)
|
(331)
|
(376)
|
(411)
|
(447)
|
(484)
|
(489)
|
(510)
|
(514)
|
(519)
|
(523)
|
(533)
|
(548)
|
(561)
|
(567)
|
(577)
|
(577)
|
(579)
|
(624)
|
(629)
|
(669)
|
(718)
|
(760)
|
(789)
|
(819)
|
(848)
|
(856)
|
(858)
|
(858)
|
(850)
|
(837)
|
|
Research & Development |
(136)
|
(138)
|
(134)
|
(131)
|
(123)
|
(120)
|
(123)
|
(123)
|
(128)
|
(129)
|
(133)
|
(135)
|
(143)
|
(152)
|
(160)
|
(172)
|
(183)
|
(184)
|
(185)
|
(186)
|
(186)
|
(184)
|
(186)
|
(188)
|
(196)
|
(200)
|
(207)
|
(214)
|
(221)
|
(168)
|
(177)
|
(196)
|
(273)
|
(289)
|
(300)
|
(299)
|
(308)
|
(308)
|
(313)
|
(324)
|
(325)
|
|
Depreciation & Amortization |
(31)
|
(29)
|
(26)
|
(22)
|
(19)
|
(16)
|
(15)
|
(14)
|
(13)
|
(12)
|
(13)
|
(13)
|
(17)
|
(25)
|
(31)
|
(38)
|
(42)
|
(42)
|
(42)
|
(42)
|
(42)
|
(42)
|
(43)
|
(43)
|
(42)
|
(41)
|
(40)
|
(39)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
2
|
2
|
(5)
|
2
|
(4)
|
(4)
|
0
|
3
|
0
|
0
|
0
|
2
|
(75)
|
(66)
|
(56)
|
2
|
(3)
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
|
Operating Income |
82
N/A
|
83
+2%
|
85
+2%
|
87
+3%
|
112
+28%
|
130
+16%
|
138
+6%
|
159
+16%
|
166
+4%
|
176
+6%
|
169
-4%
|
169
+0%
|
144
-15%
|
128
-11%
|
130
+1%
|
122
-6%
|
151
+24%
|
156
+3%
|
177
+13%
|
190
+8%
|
199
+5%
|
215
+8%
|
223
+4%
|
232
+4%
|
239
+3%
|
248
+4%
|
250
+1%
|
258
+3%
|
244
-6%
|
250
+2%
|
260
+4%
|
265
+2%
|
266
+0%
|
270
+2%
|
290
+7%
|
312
+8%
|
335
+7%
|
356
+6%
|
377
+6%
|
401
+6%
|
449
+12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
4
|
4
|
3
|
3
|
5
|
5
|
5
|
5
|
7
|
7
|
9
|
13
|
12
|
(3)
|
(9)
|
(18)
|
(19)
|
(15)
|
(15)
|
(13)
|
(9)
|
(10)
|
(8)
|
(6)
|
(2)
|
(3)
|
(2)
|
(3)
|
(2)
|
(7)
|
(16)
|
(18)
|
(7)
|
(19)
|
(10)
|
(7)
|
12
|
18
|
28
|
34
|
25
|
|
Non-Reccuring Items |
(2)
|
(3)
|
(10)
|
(11)
|
(5)
|
(9)
|
0
|
(1)
|
0
|
(6)
|
(7)
|
(9)
|
(9)
|
(4)
|
(3)
|
2
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(4)
|
(2)
|
(0)
|
(2)
|
(1)
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
(14)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
|
Pre-Tax Income |
84
N/A
|
84
N/A
|
78
-6%
|
80
+2%
|
110
+38%
|
125
+14%
|
142
+14%
|
163
+15%
|
171
+5%
|
178
+4%
|
172
-3%
|
174
+1%
|
144
-17%
|
122
-15%
|
118
-3%
|
106
-10%
|
130
+22%
|
141
+9%
|
162
+15%
|
178
+10%
|
187
+5%
|
205
+10%
|
214
+5%
|
226
+5%
|
234
+4%
|
243
+4%
|
247
+2%
|
252
+2%
|
237
-6%
|
243
+2%
|
242
0%
|
246
+1%
|
241
-2%
|
250
+4%
|
279
+12%
|
306
+9%
|
345
+13%
|
375
+9%
|
405
+8%
|
435
+7%
|
458
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(28)
|
(29)
|
(27)
|
(4)
|
(10)
|
(14)
|
(19)
|
(31)
|
(31)
|
(30)
|
(25)
|
(24)
|
(21)
|
(17)
|
(18)
|
(12)
|
(17)
|
(22)
|
(30)
|
(32)
|
(30)
|
(35)
|
(37)
|
(42)
|
(48)
|
(48)
|
(49)
|
(49)
|
(41)
|
(41)
|
(39)
|
(43)
|
(41)
|
(45)
|
(54)
|
(60)
|
(79)
|
(90)
|
(98)
|
(107)
|
(119)
|
|
Income from Continuing Operations |
55
|
55
|
51
|
76
|
100
|
111
|
124
|
132
|
141
|
147
|
147
|
150
|
123
|
105
|
100
|
94
|
112
|
119
|
132
|
145
|
156
|
170
|
178
|
183
|
186
|
195
|
198
|
203
|
196
|
202
|
203
|
203
|
199
|
205
|
225
|
246
|
266
|
285
|
307
|
328
|
338
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
|
Net Income (Common) |
55
N/A
|
53
-4%
|
47
-12%
|
77
+66%
|
103
+34%
|
117
+13%
|
136
+16%
|
252
+86%
|
259
+3%
|
265
+2%
|
261
-1%
|
148
-43%
|
117
-21%
|
99
-15%
|
94
-5%
|
90
-4%
|
143
+59%
|
150
+4%
|
163
+9%
|
176
+8%
|
159
-10%
|
173
+8%
|
181
+5%
|
186
+3%
|
186
0%
|
195
+5%
|
198
+1%
|
203
+3%
|
197
-3%
|
203
+3%
|
203
+0%
|
203
0%
|
200
-2%
|
205
+3%
|
225
+10%
|
246
+9%
|
265
+8%
|
284
+7%
|
306
+8%
|
327
+7%
|
337
+3%
|
|
EPS (Diluted) |
0.89
N/A
|
0.86
-3%
|
0.76
-12%
|
1.27
+67%
|
1.69
+33%
|
1.9
+12%
|
2.2
+16%
|
4.09
+86%
|
4.22
+3%
|
4.34
+3%
|
4.28
-1%
|
2.42
-43%
|
1.91
-21%
|
1.6
-16%
|
1.51
-6%
|
1.44
-5%
|
2.3
+60%
|
2.38
+3%
|
2.59
+9%
|
2.77
+7%
|
2.51
-9%
|
2.71
+8%
|
2.78
+3%
|
2.85
+3%
|
2.88
+1%
|
3
+4%
|
3.03
+1%
|
3.07
+1%
|
2.98
-3%
|
3.06
+3%
|
3.05
0%
|
3.04
0%
|
2.98
-2%
|
3.06
+3%
|
3.39
+11%
|
3.69
+9%
|
3.99
+8%
|
4.28
+7%
|
4.6
+7%
|
4.92
+7%
|
5.08
+3%
|