Latest revenue
$1.90B
as of 2025-12-31
Latest net income
$88.0M
as of 2025-12-31
Net margin
4.6%
as of 2025-12-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $54.66B
- Enterprise value
- $53.76B
- P/E (trailing)
- 61.6×
- Forward P/E
- —
- P/B
- 8.89×
- Dividend yield
- 0.4%
- 52-wk high
- $204.88
- 52-wk low
- $141.19
- Beta
- —
- Shares out
- 272.0M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Electronic Arts develops and publishes blockbuster video games like FIFA/EA Sports FC, Madden, Battlefield, and The Sims across consoles, PCs, and mobile. Most revenue comes from live services—in-game purchases, extra content, and subscriptions tied to its full-game franchises—rather than one-time game sales, with deferred online revenue swelling to $2.5 billion. EA agreed in September 2025 to be taken private at $210 per share by a consortium of Saudi Arabia's PIF, Silver Lake, and Affinity Partners, with shareholders already approving the deal and closing targeted for early fiscal 2027.
Key risks
- Pending $210/share take-private merger with PIF/Silver Lake/Affinity consortium; deal break (regulatory/antitrust) would likely collapse share price to standalone value.
- Profitability deteriorating: Q3 operating income fell 66% to $127M as R&D (+16%) and marketing (+42%) outpaced flat 1% revenue growth.
- Nine-month net income dropped 51% to $426M and revenue declined 3% to $5.41B, signaling weakening core franchise momentum heading into close.
Profitability
Gross margin
79.0%
0.5%Operating margin
15.4%
24.2%Net margin
11.8%
21.6%Return on equity
13.1%
25.3%Return on assets
6.8%
25.5%Leverage
Debt / equity
0.94×
0.5%Long-term debt / equity
0.22×
5.5%Debt / assets
48.5%
0.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $2.12B | +11.9% | $461.0M | +81.5% | 21.7% |
Q4 2025 2025-12-31 | $1.90B | +1.0% | $88.0M | -70.0% | 4.6% |
Q3 2025 2025-09-30 | $1.84B | -9.2% | $137.0M | -53.4% | 7.4% |
Q2 2025 2025-06-30 | $1.67B | +0.7% | $201.0M | -28.2% | 12.0% |
Q1 2025 2025-03-31 | $1.90B | +6.5% | $254.0M | +39.6% | 13.4% |
Q4 2024 2024-12-31 | $1.88B | -3.2% | $293.0M | +1.0% | 15.6% |
Q3 2024 2024-09-30 | $2.02B | +5.8% | $294.0M | -26.3% | 14.5% |
Q2 2024 2024-06-30 | $1.66B | -13.7% | $280.0M | -30.3% | 16.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Prepackaged Software · SIC 7372
Your notes
Keep private notes on EA — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$44.6M
Net activity
−$44.6M
Distinct insiders
8
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns EA
Institutional value
$20.70B
Total shares held
105.7M
Distinct holders
703
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 25.1M | $5.12B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 15.5M | $3.16B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.1M | $2.26B | — | New |
| 4 | UBS Group AG | 6.4M | $1.31B | — | New |
| 5 | Ninety One UK Ltd | 4.2M | $851.3M | — | New |
| 6 | Invesco Ltd. | 3.3M | $675.9M | — | New |
| 7 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2.5M | $508.1M | — | New |
| 8 | JPMORGAN CHASE & CO | 2.3M | $464.8M | — | New |
| 9 | DIMENSIONAL FUND ADVISORS LP | 2.1M | $426.0M | — | New |
| 10 | Legal & General Group Plc | 1.9M | $381.1M | — | New |
| 11 | Bank of New York Mellon Corp | 1.3M | $274.3M | — | New |
| 12 | VANGUARD FIDUCIARY TRUST CO | 1.3M | $263.2M | — | New |
| 13 | Nuveen, LLC | 1.2M | $243.6M | — | New |
| 14 | DEUTSCHE BANK AG\ | 1.2M | $238.7M | — | New |
| 15 | BANK OF MONTREAL /CAN/ | 938.2K | $191.3M | — | New |
| 16 | FIRST TRUST ADVISORS LP | 853.5K | $174.0M | — | New |
| 17 | Hudson Bay Capital Management LP | 728.7K | $148.6M | — | New |
| 18 | Swiss National Bank | 704.4K | $143.6M | — | New |
| 19 | BNP PARIBAS FINANCIAL MARKETS | 661.2K | $134.8M | — | New |
| 20 | HSBC HOLDINGS PLC | 659.9K | $134.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Operating income collapsed from $377M to $127M YoY despite flat revenue—what's driving the 270bps gross margin compression and 16% R&D surge?
- 2
R&D jumped $213M and marketing $146M over nine months while revenue fell $157M—when do these investments translate to bookings, and in which titles specifically?
- 3
Deferred net revenue spiked $790M to $2.49B—how much reflects FC26/Battlefield pre-orders versus deferred recognition masking underlying weakness in core franchises?