AVGO · Operating margin
Computed from AVGO's latest annual filing — every figure below is the filed value, cited to the filing, never estimated.
| Line item | Oct 2016 | Oct 2017 | Nov 2018 | Nov 2019 | Nov 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Nov 2024 | Nov 2025 | TTM* ended 2026-08-02 — derived: computed by Echelon from filed periods, not as filed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13,240 (accession 0001730168-18-000084) | 17,636 (accession 0001730168-19-000144) | 20,848 (accession 0001730168-20-000226) | 22,597 (accession 0001730168-21-000153) | 23,888 (accession 0001730168-22-000118) | 27,450 (accession 0001730168-23-000096) | 33,203 (accession 0001730168-24-000139) | 35,819 (accession 0001730168-25-000121) | 51,574 (accession 0001730168-25-000121) | 63,887 (accession 0001730168-25-000121) | 89,104 |
| YoY | — | +33.2% | +18.2% | +8.4% | +5.7% | +14.9% | +21% | +7.9% | +44% | +23.9% | — |
| Cost of revenue | 7,300 (accession 0001730168-18-000084) | 9,127 (accession 0001730168-19-000144) | 10,115 (accession 0001730168-20-000226) | 10,114 (accession 0001730168-21-000153) | 10,372 (accession 0001730168-22-000118) | 10,606 (accession 0001730168-23-000096) | 11,108 (accession 0001730168-24-000139) | 11,129 (accession 0001730168-25-000121) | 19,065 (accession 0001730168-25-000121) | 20,593 (accession 0001730168-25-000121) | 27,827 |
| YoY | — | +25% | +10.8% | 0% | +2.6% | +2.3% | +4.7% | +0.2% | +71.3% | +8% | — |
| Gross profit | 5,940 (accession 0001730168-18-000084) | 8,509 (accession 0001730168-19-000144) | 10,733 (accession 0001730168-20-000226) | 12,483 (accession 0001730168-21-000153) | 13,516 (accession 0001730168-22-000118) | 16,844 (accession 0001730168-23-000096) | 22,095 (accession 0001730168-24-000139) | 24,690 (accession 0001730168-25-000121) | 32,509 (accession 0001730168-25-000121) | 43,294 (accession 0001730168-25-000121) | 61,277 |
| YoY | — | +43.2% | +26.1% | +16.3% | +8.3% | +24.6% | +31.2% | +11.7% | +31.7% | +33.2% | — |
| Operating expenses | 6,349 (accession 0001730168-18-000084) | 6,138 (accession 0001730168-19-000144) | 5,598 (accession 0001730168-20-000226) | 9,039 (accession 0001730168-21-000153) | 9,502 (accession 0001730168-22-000118) | 8,325 (accession 0001730168-23-000096) | 7,870 (accession 0001730168-24-000139) | 8,483 (accession 0001730168-25-000121) | 19,046 (accession 0001730168-25-000121) | 17,810 (accession 0001730168-25-000121) | 18,463 |
| YoY | — | -3.3% | -8.8% | +61.5% | +5.1% | -12.4% | -5.5% | +7.8% | +124.5% | -6.5% | — |
| Operating income | -409 (accession 0001730168-18-000084) | 2,371 (accession 0001730168-19-000144) | 5,135 (accession 0001730168-20-000226) | 3,444 (accession 0001730168-21-000153) | 4,014 (accession 0001730168-22-000118) | 8,519 (accession 0001730168-23-000096) | 14,225 (accession 0001730168-24-000139) | 16,207 (accession 0001730168-25-000121) | 13,463 (accession 0001730168-25-000121) | 25,484 (accession 0001730168-25-000121) | 42,814 |
| YoY | — | +679.7% | +116.6% | -32.9% | +16.6% | +112.2% | +67% | +13.9% | -16.9% | +89.3% | — |
| Net income | -1,739 (accession 0001730168-18-000084) | 1,784 (accession 0001730168-19-000144) | 12,610 (accession 0001730168-20-000226) | 2,724 (accession 0001730168-21-000153) | 2,960 (accession 0001730168-22-000118) | 6,736 (accession 0001730168-23-000096) | 11,495 (accession 0001730168-24-000139) | 14,082 (accession 0001730168-25-000121) | 5,895 (accession 0001730168-25-000121) | 23,126 (accession 0001730168-25-000121) | 38,265 |
| YoY | — | +202.6% | +606.8% | -78.4% | +8.7% | +127.6% | +70.7% | +22.5% | -58.1% | +292.3% | — |
| Diluted EPS | -4.86 (accession 0001730168-18-000084) | 4.02 (accession 0001730168-19-000144) | 28.44 (accession 0001730168-20-000226) | 6.43 (accession 0001730168-21-000153) | 6.33 (accession 0001730168-22-000118) | 15.00 (accession 0001730168-23-000096) | 2.65 (accession 0001730168-24-000139) | 3.30 (accession 0001730168-25-000121) | 1.23 (accession 0001730168-25-000121) | 4.77 (accession 0001730168-25-000121) | — |
| YoY | — | +182.7% | +607.5% | -77.4% | -1.6% | +137% | -82.3% | +24.5% | -62.7% | +287.8% | — |
USD lines in millions; EPS per share. Annual columns are fiscal years, labeled by their period-end month (a filer's own fiscal label may differ). “—” is an honest gap: the filer did not tag that line for that period. *TTM (twelve months ended 2026-08-02) is computed from filed periods — latest fiscal year plus newer quarters minus their year-ago pairs; each line’s full trail rides the CSV export. Every column cites its accession in the export. Figures as filed via SEC EDGAR, never estimated.
Answers come strictly from AVGO's 10-K filed 2025-12-18, and every answer links the exact passages it used. Questions asking what to do with the stock are refused — that's the point.
Operating income as a share of revenue — what remains after both the direct cost of sales and the operating expenses (R&D, sales & marketing, G&A) that run the business. It measures how much of the gross margin survives the cost of operating the company.
Operating margin = Operating income ÷ Revenue
Each one computed from the same filings and cited the same way.
Educational use only — not investment advice. Figures come from public SEC filings; Echelon teaches you to analyze data, it never recommends buying or selling any security.