Synopsys
Financial Performance
Synopsys Revenue & Financials
Revenue
$6.1B (FY2024)
Market Cap
$78.5B
Employees
20,300
What is Synopsys's revenue?
Synopsys had $6.1B in revenue for fiscal year 2024, up 4.9% from 2023.
- Latest revenue
- $6.1B (FY2024)
- Year-over-year
- +4.9%
- Growth rate (CAGR)
- 13.4% over 3 years
- Peak revenue
- $6.1B (FY2024)
- Years of data
- 4
- Employees
- 20,300
- How many employees does Synopsys have?
- Synopsys has about 20,300 employees.
Financial Analysis
Synopsys delivers exceptional financial performance marked by consistent double-digit revenue expansion, expanding operating margins, and unmatched cash flow visibility. In fiscal 2024, Synopsys generated record revenue of $6.13 billion, up 15% year-over-year, driven by intense semiconductor R&D spending across AI accelerators, hyperscale datacenters, and automotive silicon. GAAP operating margin reached 28.5%, while non-GAAP operating margin expanded to an elite 38.4%. Operating cash flow totaled $1.7 billion, and the company held a record forward backlog exceeding $8.0 billion, providing extraordinary revenue predictability. Synopsys maintains strong capital discipline, directing free cash flow into strategic R&D reinvestment and share repurchases.
Revenue Trend Analysis
YoY Change
+4.9%
3-Year CAGR
+13.4%
Peak Year
2024
Trend
Consistent Growth
Synopsys has 4 full fiscal year figures on this page, compounding at +13.4% annually over 3 years. The most recent year saw a 4.9% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $6.1B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $6.1B | +4.9% |
| FY2023 | $5.8B | +15.0% |
| FY2022 | $5.1B | +20.9% |
| FY2021 | $4.2B | — |
Click any row to see year details.
Keep researching Synopsys
Synopsys Revenue and Financial FAQ
What was Synopsys's revenue in 2024?
Synopsys achieved $6.13 billion in revenue for fiscal year 2024.
Is Synopsys profitable?
Synopsys's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Synopsys growing?
Synopsys has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Synopsys fund its capital expenditures?
Synopsys funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Synopsys's debt profile?
Synopsys maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Synopsys reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Synopsys Revenue & Financials." CorpDigest, https://corpdigest.com/company/synopsys/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>Synopsys reported $6.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/synopsys/financials" target="_blank" rel="noopener">CorpDigest — Synopsys financials</a></div>Explore Synopsys
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