Financial Summary (All financials)
In millions, except per share items | Aug-31-23 | Aug-31-22 | Aug-31-21 | Aug-31-20 | Aug-31-19 | Aug-31-18 | Aug-31-17 | Aug-31-16 |
Revenues | 64,111.7 | 61,594.3 | 50,533.4 | 44,327.0 | 43,215.0 | 40,992.5 | 36,176.8 | 34,797.7 |
Revenue growth | 4.1% | 21.9% | 14.0% | 2.6% | 5.4% | 13.3% | 4.0% | 5.7% |
Cost of goods sold | 43,380.1 | 41,892.8 | 34,169.3 | 30,350.9 | 29,900.3 | 28,499.2 | 25,105.3 | 24,520.2 |
Gross profit | 20,731.6 | 19,701.5 | 16,364.1 | 13,976.2 | 13,314.7 | 12,493.4 | 11,071.5 | 10,277.4 |
Gross margin | 32.3% | 32.0% | 32.4% | 31.5% | 30.8% | 30.5% | 30.6% | 29.5% |
Sales and marketing | 6,582.6 | 6,108.4 | 5,288.2 | 4,625.9 | 4,447.5 | 4,196.2 | 3,752.3 | 3,580.4 |
General and administrative | 4,275.9 | 4,226.0 | 3,454.4 | 2,836.6 | 2,562.2 | 2,398.4 | 2,127.8 | 1,886.5 |
EBITA | 8,809.9 | 9,806.1 | 7,934.2 | 6,753.3 | 6,482.2 | 6,069.0 | 4,830.8 | 5,777.2 |
EBITA margin | 13.7% | 15.9% | 15.7% | 15.2% | 15.0% | 14.8% | 13.4% | 16.6% |
Amortization of intangibles | | 438.9 | 312.7 | 239.7 | 177.2 | 170.2 | 149.4 | 117.9 |
EBIT | 8,809.9 | 9,367.2 | 7,621.5 | 6,513.6 | 6,305.1 | 5,898.8 | 4,681.4 | 5,659.3 |
EBIT margin | 13.7% | 15.2% | 15.1% | 14.7% | 14.6% | 14.4% | 12.9% | 16.3% |
Pre-tax income | 9,139.3 | 9,196.2 | 7,761.1 | 6,774.3 | 6,251.8 | 5,808.1 | 4,616.0 | 5,603.6 |
Income taxes | 2,135.8 | 2,207.2 | 1,770.6 | 1,589.0 | 1,405.6 | 1,593.5 | 981.1 | 1,254.0 |
Tax rate | 23.4% | 24.0% | 22.8% | 23.5% | 22.5% | 27.4% | 21.3% | 22.4% |
Net income | 7,003.5 | 6,989.0 | 5,990.5 | 5,185.3 | 4,846.2 | 4,214.6 | 3,634.9 | 4,349.6 |
Net margin | 10.9% | 11.3% | 11.9% | 11.7% | 11.2% | 10.3% | 10.0% | 12.5% |
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Diluted EPS | $10.97 | $10.87 | $9.27 | $8.00 | $7.45 | $6.43 | $5.50 | $6.51 |
Shares outstanding (diluted) | 638.6 | 642.8 | 645.9 | 647.8 | 650.2 | 655.3 | 660.5 | 667.8 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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