Canon Inc.
Financial Performance
Canon Revenue & Financials
Revenue
~$31B (FY2025)
Market Cap
$25.6B
Net Income
~$2.2B
Employees
165,547
What is Canon's revenue?
Canon had ~$31B in revenue for fiscal year 2025, up 2.5% from 2024. Net income was ~$2.2B.
- Latest revenue
- ~$31B (FY2025)
- Year-over-year
- +2.5%
- Growth rate (CAGR)
- 3.5% over 9 years
- Peak revenue
- ~$31B (FY2025)
- Years of data
- 10
- Employees
- 165,547
- How much profit does Canon make?
- Canon reported net income of ~$2.2B for fiscal year 2025. global.canon
- How many employees does Canon have?
- Canon has about 165,547 employees.
Financial Analysis
Canon's sales fell from ~$27.3 billion (¥4,080.0 billion) in 2017, the first full year with Toshiba Medical, to ~$21.2 billion (¥3,160.2 billion) in 2020 as cameras and office printing shrank and the pandemic hit. They have grown every year since, reaching a record ~$31 billion (¥4,624.7 billion) in 2025 (+2.5%). Operating profit was ~$3.05 billion (¥455.4 billion) in 2025, a 9.8% margin, up from ~$1.87 billion (¥279.8 billion) in 2024, when a ~$1.11 billion (¥165.1 billion) goodwill impairment on the medical business cut net income to ~$1.07 billion (¥160.0 billion). Net income attributable to Canon Inc. more than doubled to ~$2.23 billion (¥332.1 billion) and EPS rose to ¥367.48. Canon paid a ¥160 dividend (42.9% payout), generated ~$1.6 billion (¥238.5 billion) of free cash flow and ended 2025 with ~$6.34 billion (¥946.2 billion) of interest-bearing debt, up from ~$4.45 billion (¥663.5 billion). By region, the Americas supplied 32% of 2025 sales, Europe 26%, Japan 21% and Asia and Oceania 21%. In July 2026, after record second-quarter sales, Canon guided to ~$32.2 billion (¥4,800.0 billion) of 2026 sales and ~$3.12 billion (¥465.0 billion) of operating profit. Canon Inc. is a leading Japanese multinational corporation in optical and imaging products, commanding a market valuation generally above $25 billion.
Revenue Trend Analysis
YoY Change
+2.5%
9-Year CAGR
+3.5%
Peak Year
2025
Trend
Mostly Growing
Canon Inc. has 10 full fiscal year figures on this page, compounding at +3.5% annually over 9 years. The most recent year saw a 2.5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$31B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$31B | ~$2.2B | +2.5% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2025-12-31. Operating profit ~$3.05 billion (¥455.4 billion). to a record. |
| FY2024 | ~$30.2B | ~$1.1B | +7.9% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2024-12-31. Operating profit ~$1.87 billion (¥279.8 billion). Profit includes a ~$1.11 billion (¥165.1 billion) goodwill impairment tied to the medical business. |
| FY2023 | ~$28B | ~$1.8B | +3.7% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2023-12-31. Operating profit ~$2.52 billion (¥375.4 billion). |
| FY2022 | ~$27B | ~$1.6B | +14.7% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2022-12-31. Operating profit ~$2.37 billion (¥353.4 billion). |
| FY2021 | ~$23.5B | ~$1.4B | +11.2% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2021-12-31. Operating profit ~$1.89 billion (¥281.9 billion). |
| FY2020 | ~$21.2B | ~$558.2M | -12.1% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2020-12-31. Operating profit ~$740 million (¥110.5 billion). as the pandemic hit. |
| FY2019 | ~$24.1B | ~$837.3M | -9.1% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2019-12-31. Operating profit ~$1.17 billion (¥174.4 billion). Restated for the provision for paid leave. |
| FY2018 | ~$26.5B | ~$1.7B | -3.1% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2018-12-31. Operating profit ~$2.29 billion (¥342.5 billion). |
| FY2017 | ~$27.3B | ~$1.6B | +19.9% | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2017-12-31. Operating profit ~$2.16 billion (¥322.2 billion)., the first full year including Toshiba Medical. |
| FY2016 | ~$22.8B | ~$1B | — | Canon Integrated Report 2026, Financial Data (Canon Inc. and Subsidiaries) Fiscal year ended 2016-12-31. Operating profit ~$1.45 billion (¥216.3 billion). Toshiba Medical consolidated from December 2016. |
Click any row to see year details.
Canon Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2022ended Dec 31, 2022 | ~$1.8B | ~$1.3B | ~$34.1B | ~$11.7B | ~$20.9B | ~$496.3M | Form 20-F |
| FY2021ended Dec 31, 2021 | ~$3B | ~$1.2B | ~$31.8B | ~$11.1B | ~$19.3B | ~$1.8B | Form 20-F |
| FY2020ended Dec 31, 2020 | ~$2.2B | ~$1.1B | ~$31B | ~$12.3B | ~$17.3B | ~$1.1B | Form 20-F |
| FY2019ended Dec 31, 2019 | ~$2.4B | ~$1.4B | ~$32B | ~$12.6B | ~$18B | ~$956.7M | Form 20-F |
| FY2018ended Dec 31, 2018 | ~$2.4B | ~$1.3B | ~$32.8B | ~$12.6B | ~$18.9B | ~$1.2B | Form 20-F |
| FY2017ended Dec 31, 2017 | ~$4B | ~$1.3B | ~$34.8B | ~$14.1B | ~$19.2B | ~$2.7B | Form 20-F |
| FY2016ended Dec 31, 2016 | ~$3.4B | ~$1.4B | ~$34.4B | ~$14.4B | ~$18.6B | ~$2B | Form 20-F |
Keep researching Canon
Canon Revenue and Financial FAQ
What was Canon's revenue in 2025?
Canon reported record net sales of ~$31 billion (¥4,624.7 billion) for 2025, up 2.5% from ~$30.2 billion (¥4,509.8 billion) in 2024, or about $29.5 billion using Canon's report translation.
Is Canon profitable?
Yes. 2025 operating profit was ~$3.05 billion (¥455.4 billion), a 9.8% margin, and net income attributable to Canon Inc. was ~$2.23 billion (¥332.1 billion). EPS was ¥367.48 and ROE 9.7%.
Why did Canon's profit drop in 2024?
Canon booked a ~$1.11 billion (¥165.1 billion) goodwill impairment tied to its medical business. Operating profit fell to ~$1.87 billion (¥279.8 billion) and net income to ~$1.07 billion (¥160.0 billion) before both recovered in 2025.
What is Canon's forecast for 2026?
In July 2026 Canon forecast net sales of ~$32.2 billion (¥4,800.0 billion), operating profit of ~$3.12 billion (¥465.0 billion) and net income of ~$2.28 billion (¥340.0 billion). First-half sales were ~$15.2 billion (¥2,274.5 billion), up 3.5%, and operating profit ~$1.55 billion (¥230.6 billion), up 7.6%.
How much dividend does Canon pay?
Canon paid ¥160 per share for 2025, a 42.9% payout ratio. Under Phase VII it follows a progressive dividend policy with a target payout ratio of 40% and plans at least ~$6.7 billion (¥1 trillion) of shareholder returns from 2026 to 2030.
How much does Canon spend on R&D?
R&D expenses were ~$2.27 billion (¥339.3 billion) in 2025, about 7.3% of sales, and capital expenditure was ~$1.67 billion (¥249.5 billion).
How much debt does Canon have?
Interest-bearing debt was ~$6.34 billion (¥946.2 billion) at the end of 2025, up from ~$4.45 billion (¥663.5 billion) a year earlier, against ~$23.4 billion (¥3,491.8 billion) of shareholders' equity. S&P rated Canon A and R&I rated it AA as of April 2026.
What is Canon's market cap?
About $25.6 billion, roughly ¥3.8 trillion, in mid-September 2026. Canon shares trade on the Tokyo Stock Exchange under code 7751.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Canon Revenue & Financials." CorpDigest, https://corpdigest.com/company/canon/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Canon reported ~$31B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/canon/financials" target="_blank" rel="noopener">CorpDigest — Canon financials</a></div>Related Financial Audits
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