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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 Q1 2026 filing.

Total Revenue (TTM)$17.3BGross Profit (TTM)$3.1BOperating Income (TTM)$2.1BNet Income (TTM)$1.4BEps Diluted (TTM)$10.91
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$15.4B
P/E Ratio10.87
ROE30.49%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$79M$69M$72M$74M$75M$72M
Selling, general and administrative$279M$230M$217M$286M$266M$223M

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

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$14M$7M$8M$8M$9M$5M
Interest expense-$47M-$49M-$55M-$51M-$48M-$55M
Interest Income (Expense), Nonoperating-$47M-$49M-$55M-$51M-$48M-$55M
Other income (expense), net$1M-$3M$2M$0$4M-$24M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$693M$757M$782M$821M$739M$761M
Operating income$421M$530M$571M$535M$473M$508M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$375M$478M$518M$484M$429M$429M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$93M$113M$125M$115M$94M$94M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$284M$363M$391M$367M$327M$328M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition, integration and restructuring costs$2M$4M$2M$4M$8M$35M
Lease obligation incurred$0$0———$1M
Deferred taxes-$2M-$24M$224M$88M—-$8M
Income Taxes Paid, Net$184M-$4M$166M$17M$97M-$5M
Accrued compensation and employee benefits—-$148M$155M-$17M$11M-$154M
Income taxes-$66M$121M-$199M$0-$81M$101M
Increase (Decrease) in Other Operating Assets$0$27M$7M-$60M—-$3M
Interest Paid, Excluding Capitalized Interest, Operating Activity$59M$51M$49M$77M$43M$68M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$440M-$110M-$83M-$595M-$357M$1.4B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$86M-$22M-$314M-$36M-$33M-$2.4B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$294M$58M$486M$711M$495M$301M
Other Noncash Income (Expense)-$39M$1M-$1M-$3M-$6M-$10M
Other income, net (Note 6)$1M-$3M$2M$0$4M-$24M
Payment for (Proceeds from) Other Investing Activity—$0$0-$2M-$2M-$6M
Payments For Repurchase Of Equity$406M$528M$9M$102M$305M$243M
Payments of Debt Issuance Costs$0$7M———$15M
Payments to Acquire Businesses, Net of Cash Acquired$0$0$285M$7M$1M$2.3B
Payments to Acquire Productive Assets$86M$22M$29M$31M$43M$31M
Proceeds from Issuance of Commercial Paper—$0———$300M
Issuance of debt$0$997M———$1.4B
Proceeds from issuance of shares$27M$15M$16M$16M$15M$16M
Proceeds from sales of operations and affiliates—$0———$4M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$4M$529M$30M$455M$5M$5M
Stock-based compensation$26M$21M$25M$26M$23M$25M

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