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Take-Two Interactive

TTWO Nasdaq Interactive Home Entertainment Financials FY2017–FY2026

Take-Two Interactive's revenue rose 18.2% to $6.7 billion in fiscal 2026. Its operating margin was −1.6%, up from −77.9% a year earlier. Free cash flow was $462 million. The diluted share count rose 5.0%.

Last close · Oct 23, 2026

$203.69

2.0%
Value it Compare
Revenue Total sales reported in the income statement.
$6.7B
18.2% vs prior year
Operating margin Operating income as a share of revenue.
−1.6%
76.4 pts
Net income Profit after all expenses, interest and tax.
−$298M
Free cash flow Cash from operations minus capital spending.
$462M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−2.0%
54.4 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$37.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Take-Two Interactive does

Take-Two makes and publishes video games for game consoles, personal computers and phones. It works through three labels: Rockstar Games, maker of Grand Theft Auto and Red Dead Redemption; 2K, publisher of NBA 2K, WWE 2K, Borderlands, BioShock and Civilization; and Zynga, which makes free-to-play phone games such as Words With Friends, Toon Blast and Zynga Poker. Take-Two says the Grand Theft Auto series has sold-in, meaning shipped to stores and digital platforms, over 465 million units.

Nearly all of its revenue comes from its games: the games themselves, extra content, in-game purchases and virtual currency, plus advertising inside its phone games. It reports one business segment. Most sales go through digital stores run by platform owners, and its five largest customers made up 80.6% of net revenue in the year to March 2026, with Apple, Sony, Google and Microsoft each above 10.0%. About 40.8% of revenue came from outside the United States. It names Electronic Arts, Epic Games, Roblox, Tencent and Ubisoft among its competitors, along with Sony, Microsoft and Nintendo, which also make their own games.

Take-Two had 12,909 full-time employees in March 2026, 9,998 of them working on game development in studios across North America, Europe and Asia. Rockstar Games planned to release Grand Theft Auto VI in November 2026, during the company's 2027 fiscal year.

Legal name
TAKE-TWO INTERACTIVE SOFTWARE, INC.
Fiscal year ends
March 31, 2026
Latest annual report
10-K · May 22, 2026
Accession · CIK
0001628280-26-037434
0000946581

Revenue and margins

Take-Two Interactive had $6.7B of revenue in fiscal 2026, up 18.2% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $462M in fiscal 2026, 6.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Take-Two Interactive returned $0.0M to shareholders in fiscal 2026, 0% of free cash flow. The diluted share count rose 5.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Take-Two Interactive yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$529M and divides by 183.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Take-Two Interactive can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $2.6B$1.0B$776M$1.5B$2.0B
Debt incl. finance leases $0.0M$3.1B$3.1B$3.7B$2.5B
Net debt / EBITDA −4.8x———5.6x
Debt / equity 0.0x0.3x0.5x1.7x0.7x
Interest coverage —−9.0x−25.5x−26.3x−0.7x
Current ratio 1.8x0.7x0.9x0.8x1.2x
Quick ratio 1.8x0.7x0.9x0.8x1.2x
Total assets $6.5B$15.9B$12.2B$9.2B$9.4B
Total liabilities $2.7B$6.8B$6.5B$7.0B$5.9B
Shareholders' equity $3.8B$9.0B$5.7B$2.1B$3.5B
Net debt (− = net cash) −$2.6B$2.1B$2.3B$2.2B$529M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$13.3M

7 insiders

Of sales under plans

23%

$3.1M

DateInsiderTradeSharesPriceValueFiling
Oct 15, 2026 Ellen F SiminoffDirector Sold plan 334 $202.92 $0.1M Form 4
Oct 2, 2026 Michael ShereskyDirector Sold plan 484 $203.69 $0.1M Form 4
Sep 29, 2026 William B GordonDirector Sold plan 10,000 $202.39 $2.0M Form 4
Sep 15, 2026 Ellen F SiminoffDirector Sold plan 334 $219.53 $0.1M Form 4
Sep 3, 2026 Daniel P EmersonChief Legal Officer Sold plan 744 $217.03 $0.2M Form 4
Sep 2, 2026 Daniel P EmersonChief Legal Officer Sold plan 917 $217.65 $0.2M Form 4
Sep 2, 2026 Lainie GoldsteinChief Financial Officer Sold plan 1,335 $217.65 $0.3M Form 4
Aug 17, 2026 LaVerne Evans SrinivasanDirector Sold 362 $245.01 $0.1M Form 4
Aug 17, 2026 Michael ShereskyDirector Sold plan 127 $245.01 $0.0M Form 4
Aug 14, 2026 Ellen F SiminoffDirector Sold plan 334 $242.34 $0.1M Form 4
Aug 10, 2026 Strauss ZelnickChairman, CEO, Director Sold 40,000 $252.64 $10.1M Form 4
Jul 1, 2026 Ellen F SiminoffDirector Sold plan 334 $252.53 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✕ ✕ ✕
Cash from operations is positive ✕ ✕ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✕ ✓ ✓
Revenue rose relative to assets ✕ ✓ ✓
F-score 3 / 93 / 97 / 9
Accruals ratio −26.6%−41.4%−9.9%
Altman Z'' −1.83−5.97−1.58

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Take-Two Interactive TTWO $37.9B 18.2% −1.6% 6.9% −2.0% — 7
Roblox RBLX $37.9B 35.8% −25.2% 27.7% — — 6 Compare →
Pinterest PINS $12.6B 15.8% 7.6% 29.7% 13.2% 65.7x 5 Compare →
Versant Media Group VSNT $4.4B −5.3% 19.0% 27.7% 8.7% — — Compare →
Warner Music Group WMG — 4.4% 10.4% 8.0% 12.2% — — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $1.8B $1.8B $2.7B $3.1B $3.4B $3.5B $5.3B $5.3B $5.6B $6.7B
Gross profit $757M $895M $1.1B $1.5B $1.8B $2.0B $2.3B $2.2B $3.1B $3.8B
Operating income $91.3M $136M $207M $425M $629M $474M −$1.2B −$3.6B −$4.4B −$104M
Interest expense $7.6M $4.1M $5.3M $4.8M $1.9M $0.0M $130M $141M $167M $151M
Pretax income $77.0M $137M $233M $458M $678M $465M −$1.3B −$3.7B −$4.5B −$198M
Income tax $9.7M −$36.9M −$101M $54.0M $88.9M $47.4M −$213M $41.4M −$12.4M $100M
Net income $67.3M $174M $334M $405M $589M $418M −$1.1B −$3.7B −$4.5B −$298M
Diluted EPS $0.72 $1.54 $2.90 $3.54 $5.09 $3.58 −$7.03 −$22.01 −$25.58 −$1.62
Diluted shares 0.09B 0.11B 0.12B 0.11B 0.12B 0.12B 0.16B 0.17B 0.18B 0.18B
Cash flow
Cash from operations $408M $494M $844M $686M $912M $258M $1.1M −$16.1M −$45.2M $624M
Capital expenditure $21.2M $61.6M $67.0M $53.4M $68.9M $159M $204M $142M $169M $163M
Free cash flow $387M $432M $777M $632M $843M $99.4M −$203M −$158M −$215M $462M
Depreciation and amortization $30.7M $44.0M $40.2M $48.1M $55.6M $61.1M $122M $171M $229M $199M
Stock-based compensation $81.9M $116M $248M $258M $111M $183M $318M $336M $324M $305M
Acquisitions $131M $9.4M $28.1M $12.0M $103M $161M $3.3B $7.3M $6.5M $2.6M
Share buybacks $0.0M $155M $362M $0.0M $0.0M $200M $0.0M $0.0M $0.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $155M $362M $0.0M $0.0M $200M $0.0M $0.0M $0.0M $0.0M
Balance sheet
Cash and short-term investments $1.4B $1.4B $1.6B $2.0B $2.7B $2.6B $1.0B $776M $1.5B $2.0B
Total debt $268M $8.2M $0.0M $0.0M $0.0M $0.0M $3.1B $3.1B $3.7B $2.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $2.2B $2.4B $2.8B $3.5B $4.2B $3.9B $2.5B $2.3B $2.8B $3.2B
Current liabilities $1.7B $1.7B $2.0B $2.0B $2.2B $2.1B $3.9B $2.4B $3.6B $2.6B
Inventory $16.3M $15.2M $28.2M $19.1M $17.7M $13.2M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $67.3M $103M $128M $132M $149M $242M $403M $411M $444M $445M
Total assets $3.1B $3.7B $4.2B $4.9B $6.0B $6.5B $15.9B $12.2B $9.2B $9.4B
Total liabilities $2.1B $2.2B $2.2B $2.4B $2.7B $2.7B $6.8B $6.5B $7.0B $5.9B
Shareholders' equity $1.0B $1.5B $2.0B $2.5B $3.3B $3.8B $9.0B $5.7B $2.1B $3.5B
Margins
Gross margin 42.5% 49.9% 42.9% 50.1% 54.5% 56.2% 42.7% 41.9% 54.4% 57.2%
Operating margin 5.1% 7.6% 7.8% 13.8% 18.7% 13.5% −21.8% −67.1% −77.9% −1.6%
EBITDA margin 6.9% 10.0% 9.3% 15.3% 20.3% 15.3% −19.5% −63.9% −73.9% 1.4%
Net margin 3.8% 9.7% 12.5% 13.1% 17.5% 11.9% −21.0% −70.0% −79.5% −4.5%
FCF margin 21.7% 24.1% 29.1% 20.5% 25.0% 2.8% −3.8% −3.0% −3.8% 6.9%
Returns
Return on capital — — — 74.5% 96.1% 45.8% −14.9% −29.7% −56.4% −2.0%
Return on capital employed 6.5% 7.8% 9.6% 16.4% 18.8% 11.5% −14.2% −32.9% −57.1% −1.7%
Return on equity 8.5% 13.9% 18.9% 17.7% 20.1% 11.7% −17.5% −50.9% −114.8% −10.6%
Return on assets 2.4% 5.0% 8.4% 8.8% 10.7% 6.7% −10.0% −26.7% −41.9% −3.2%
Growth
Revenue growth 25.9% 0.7% 48.8% 15.8% 9.2% 3.9% 52.6% −0.0% 5.3% 18.2%
Net income growth — 157.8% 92.4% 21.2% 45.6% −29.0% −369.1% — — —
EPS growth — 113.9% 88.3% 22.1% 43.8% −29.7% −296.4% — — —
FCF growth 72.6% 11.7% 79.8% −18.6% 33.4% −88.2% −304.3% — — —
Share count change 12.8% 20.0% 2.1% −0.9% 1.4% 1.0% 36.9% 6.4% 2.9% 5.0%
Financial health
Net debt / EBITDA −9.2x −7.9x −6.4x −4.2x −4.0x −4.8x — — — 5.6x
Debt / equity 0.3x 0.0x 0.0x 0.0x 0.0x 0.0x 0.3x 0.5x 1.7x 0.7x
Interest coverage 12.0x 32.9x 39.3x 89.5x 331.3x — −9.0x −25.5x −26.3x −0.7x
Current ratio 1.3x 1.4x 1.5x 1.7x 1.9x 1.8x 0.7x 0.9x 0.8x 1.2x
Quick ratio 1.3x 1.4x 1.4x 1.7x 1.9x 1.8x 0.7x 0.9x 0.8x 1.2x
Capital allocation
Capex / revenue 1.2% 3.4% 2.5% 1.7% 2.0% 4.5% 3.8% 2.7% 3.0% 2.5%
Stock comp / revenue 4.6% 6.5% 9.3% 8.4% 3.3% 5.2% 5.9% 6.3% 5.8% 4.6%
Payouts / FCF 0.0% 35.8% 46.7% 0.0% 0.0% 201.2% — — — 0.0%
Quality scores
Piotroski F-score 7.0 7.0 7.0 8.0 6.0 3.0 3.0 3.0 3.0 7.0
Altman Z'' 1.1 1.5 3.3 4.5 5.2 4.9 0.6 −1.8 −6.0 −1.6
Accruals ratio −11.9% −9.3% −12.8% −6.1% −5.9% 2.5% −10.1% −26.6% −41.4% −9.9%

Source: SEC EDGAR XBRL filings (CIK 0000946581). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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