Income StatementBalance SheetCash FlowSegments
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Leidos Holdings Business Segments

Business, geographic, and product segment breakdowns

Leidos Holdings generates $17.3B in annual revenue across 4 key segments: Defense ($883.0M), Health ($3.0B), Homeland ($816.0M), and Intelligence & Digital ($1.5B). The company-wide operating margin is 12.04%. Based on the Q2 2026 filing.

Defense$883.0MHealth (TTM)$3.0BHomeland$816.0MIntelligence & Digital$1.5B
Latest FilingQ2 2026
Report Date2026-05-05
Market Cap$16.6B
P/E Ratio11.71
ROE30.49%

Geographic

Percentage of sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International2.0%2.0%2.0%2.0%2.0%—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$4.0B$3.9B$3.9B$4.1B$3.8B$4.0B
International$357.0M$347.0M$340.0M$345.0M$372.0M$357.0M

Business Segments

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial & International—$1.8M$1.8M$1.8M$1.8M—
Defense—$0.0$0.0$0.0$0.0—
Defense Systems—$0.0$0.0$0.0$0.0—
Health & Civil—$0.0$0.0$0.0$0.0—
Health—$0.0$0.0$0.0$0.0—
Homeland—$1.8M$1.8M$1.8M$1.8M—
Intelligence & Digital—$0.0$0.0$0.0$0.0—
National Security & Digital—$0.0$0.0$0.0$0.0—

Acquisition of a business

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Homeland—$0.0$0.0$0.0$0.0$1.7B
Defense—$0.0$0.0$0.0$0.0$0.0
Health—$0.0$0.0$0.0$0.0$0.0
Intelligence & Digital—$57.8M$57.8M$57.8M$57.8M$0.0

Intangible Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defense—$12.0M———$11.0M
Intelligence & Digital—$5.0M———$8.0M
Homeland—$7.0M———$7.0M
Health—$6.0M———$4.0M

Direct labor

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Intelligence & Digital—$383.0M———$400.0M
Defense—$208.0M———$224.0M
Health—$206.0M———$200.0M
Homeland—$162.0M———$178.0M

Foreign currency translation adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Homeland—$8.5M$8.5M$8.5M$8.5M$4.0M
Defense—$0.0$0.0$0.0$0.0$0.0
Health—$0.0$0.0$0.0$0.0$0.0
Intelligence & Digital—$0.0$0.0$0.0$0.0$0.0

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Homeland$950.0M———$977.0M$2.7B
Intelligence & Digital$2.0B———$2.2B$2.2B
Defense$1.8B———$1.8B$1.8B
Health$1.3B———$1.3B$1.3B

Other segment expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Intelligence & Digital—$888.0M———$959.0M
Health—$688.0M———$700.0M
Homeland—$540.0M———$598.0M
Defense—$585.0M———$586.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Intelligence & Digital—$1.4B———$1.5B
Health—$1.2B———$1.2B
Defense—$879.0M———$883.0M
Homeland—$770.0M———$816.0M

Segment operating income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Health—$288.0M———$284.0M
Intelligence & Digital—$132.0M———$146.0M
Defense—$74.0M———$62.0M
Homeland—$61.0M———$33.0M

Accumulated goodwill impairment losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Homeland—————$596.0M

Business combination, acquisition-related cost

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Homeland—————$29.0M

Number of business segment from air traffic market

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Homeland—————5.00