Broadcom Inc. (AVGO) posted net income of $23.1 billion for fiscal year 2025, a 292% jump from FY2024. The prior year's earnings had dipped to $5.9 billion due to VMware acquisition-related charges. The TTM P/E ratio sits near 63.
Earnings of Broadcom
Annual Earnings of Broadcom
| Fiscal Year | Net Income | YoY Change |
|---|---|---|
| 2016 | −$1.74B | N/A |
| 2017 | $1.69B | Turned profitable |
| 2018 | $12.26B | +625.4% |
| 2019 | $2.72B | −77.8% |
| 2020 | $2.96B | +8.8% |
| 2021 | $6.74B | +127.7% |
| 2022 | $11.22B | +66.5% |
| 2023 | $14.08B | +25.5% |
| 2024 | $5.90B | −58.1% |
| 2025 | $23.13B | +292.0% |
Broadcom P/E Ratio
| Fiscal Year | Year-End P/E | YoY Change |
|---|---|---|
| 2016 | N/A (net loss) | — |
| 2017 | 62.3 | — |
| 2018 | 8.4 | −86.5% |
| 2019 | 46.2 | +450.0% |
| 2020 | 60.2 | +30.3% |
| 2021 | 40.8 | −32.2% |
| 2022 | 20.8 | −49.0% |
| 2023 | 37.1 | +78.4% |
| 2024 | 182.0 | +390.6% |
| 2025 | 71.0 | −61.0% |
