Income StatementBalance SheetCash FlowSegments
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Leidos Holdings Income Statement

Revenue, expenses, and profitability over time

Leidos Holdings generated $17.3B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.4B with a 8.15% net margin. Gross margin stands at 17.91% and operating margin at 12.04%. Diluted EPS is $10.91, which grew 0.1% year-over-year. Based on the Q2 2026 filing.

Total Revenue (TTM)$17.3BGross Profit (TTM)$3.1BOperating Income (TTM)$2.1BNet Income (TTM)$1.4BEps Diluted (TTM)$10.91
Latest FilingQ2 2026
Report Date2026-05-05
Market Cap$16.6B
P/E Ratio11.71
ROE30.49%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative Gain (Loss) Excluded from Effectiveness-$47.0M-$49.0M-$55.0M-$51.0M-$48.0M-$55.0M
Interest Income (Expense), Non-operating-$47.0M-$49.0M-$55.0M-$51.0M-$48.0M-$55.0M
Other Non-Cash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Cash Paid for Interest$59.0M$51.0M$49.0M$77.0M$43.0M$68.0M
Other non-cash income (expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Income from equity method investments$14.0M$7.0M$8.0M$8.0M$9.0M$5.0M
Other Charges$1.0M-$3.0M$2.0M$0.0$4.0M-$24.0M
Interest expense-$47.0M-$49.0M-$55.0M-$51.0M-$48.0M-$55.0M
Change in Receivables—$246.0M—$61.0M—$160.0M
Other Non-Cash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Interest Income (Expense), Nonoperating-$47.0M-$49.0M-$55.0M-$51.0M-$48.0M-$55.0M
Other income (expense), net$1.0M-$3.0M$2.0M$0.0$4.0M-$24.0M
Non-operating Interest Income (Expense)-$47.0M-$49.0M-$55.0M-$51.0M-$48.0M-$55.0M
Other Non-cash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Other Non-Cash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$26.0M$21.0M$25.0M$26.0M$23.0M$25.0M
Share-Based Compensation Expense$26.0M$21.0M$25.0M$26.0M$23.0M$25.0M
Depreciation and amortization$79.0M$69.0M$72.0M$74.0M$75.0M$72.0M
Stock-based compensation expense$26.0M$21.0M$25.0M$26.0M$23.0M$25.0M
Selling, general and administrative$279.0M$230.0M$217.0M$286.0M$266.0M$223.0M
Share-Based Compensation$26.0M$21.0M$25.0M$26.0M$23.0M$25.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Income Taxes$184.0M-$4.0M$166.0M$17.0M$97.0M-$5.0M
Income Taxes Paid, Net$184.0M-$4.0M$166.0M$17.0M$97.0M-$5.0M
Income tax expense$93.0M$113.0M$125.0M$115.0M$94.0M$94.0M
Income Taxes Paid, Net$184.0M-$4.0M$166.0M$17.0M$97.0M-$5.0M
Income and Other Taxes$184.0M-$4.0M$166.0M$17.0M$97.0M-$5.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$2.17$2.79$3.03$2.87$2.62$2.60
Diluted earnings per share$2.09$2.77$3.01$2.82$2.52$2.56

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$693.0M$757.0M$782.0M$821.0M$739.0M$761.0M
Operating income$421.0M$530.0M$571.0M$535.0M$473.0M$508.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$375.0M$478.0M$518.0M$484.0M$429.0M$429.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income Taxes Paid, Net$184.0M-$4.0M$166.0M$17.0M$97.0M-$5.0M
Interest Paid, Net$59.0M$51.0M$49.0M$77.0M$43.0M$68.0M
Acquisition, integration and restructuring costs$2.0M$4.0M$2.0M$4.0M$8.0M$35.0M
Lease obligation incurred$0.0$0.0———$1.0M
Deferred taxes-$2.0M-$24.0M$224.0M$88.0M—-$8.0M
Income Taxes Paid, Net$184.0M-$4.0M$166.0M$17.0M$97.0M-$5.0M
Accrued compensation and employee benefits—-$148.0M$155.0M-$17.0M$11.0M-$154.0M
Income taxes-$66.0M$121.0M-$199.0M$0.0-$81.0M$101.0M
Increase (Decrease) in Other Operating Assets$0.0$27.0M$7.0M-$60.0M—-$3.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$59.0M$51.0M$49.0M$77.0M$43.0M$68.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$440.0M-$110.0M-$83.0M-$595.0M-$357.0M$1.4B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$86.0M-$22.0M-$314.0M-$36.0M-$33.0M-$2.4B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$294.0M$58.0M$486.0M$711.0M$495.0M$301.0M
Other Noncash Income (Expense)-$39.0M$1.0M-$1.0M-$3.0M-$6.0M-$10.0M
Other income, net (Note 6)$1.0M-$3.0M$2.0M$0.0$4.0M-$24.0M
Payment for (Proceeds from) Other Investing Activity—$0.0$0.0-$2.0M-$2.0M-$6.0M
Payments For Repurchase Of Equity$406.0M$528.0M$9.0M$102.0M$305.0M$243.0M
Payments of Debt Issuance Costs$0.0$7.0M———$15.0M
Payments to Acquire Businesses, Net of Cash Acquired$0.0$0.0$285.0M$7.0M$1.0M$2.3B
Payments to Acquire Productive Assets$86.0M$22.0M$29.0M$31.0M$43.0M$31.0M
Proceeds from Issuance of Commercial Paper—$0.0———$300.0M
Issuance of debt$0.0$997.0M———$1.4B
Proceeds from issuance of shares$27.0M$15.0M$16.0M$16.0M$15.0M$16.0M
Proceeds from sales of operations and affiliates—$0.0———$4.0M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$4.0M$529.0M$30.0M$455.0M$5.0M$5.0M
Stock-based compensation$26.0M$21.0M$25.0M$26.0M$23.0M$25.0M
Cash Dividends on Common Stock$53.0M$53.0M$52.0M$51.0M$55.0M$55.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$284.0M$363.0M$391.0M$367.0M$327.0M$328.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$3.7B$3.5B$3.5B$3.6B$3.5B$3.6B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$4.4B$4.2B$4.3B$4.5B$4.2B$4.4B