Leidos Holdings, Inc. earnings

Leidos closed the second quarter of fiscal 2026 with revenue of $4.56 billion, up 7.2% from the prior-year quarter. Organic growth accounted for 4% of that increase, with acquisitions supplying the rest.

Leidos started its fiscal year with revenue growth but lower GAAP profitability. Revenue for the quarter ended April 3, 2026, was $4.40 billion, up 3.7% from the prior-year quarter. Operating income was $508 million, down 4.2%. Net income attributable to Leidos common stockholders was $328 million, down 9.6%.

Leidos closed fiscal 2025 with a quarter that split sharply between the top line and the bottom line. Revenue fell to $4.21 billion in the fourth quarter, down 3.6% from the prior-year quarter, as a six-week government shutdown and an extra work week in the fourth quarter of fiscal 2024 weighed on comparisons.

Leidos reported third quarter revenue of $4.47 billion, up 6.7% from the prior-year quarter. Organic revenue grew 6.0%. Operating income was $535 million, up 3.7%. Operating margin was 12.0%, down 0.3 percentage points from the prior-year quarter.

Leidos reported revenue of $4.25 billion for the quarter, up 2.9% from the prior-year quarter. Year-to-date revenue reached $8.50 billion, up 4.8%. Operating income climbed 20.2% to $571 million in the quarter and $1.10 billion for the six months, up 23.7%.

Leidos reported first-quarter results for the period ended April 4, 2025. Revenue was $4,245 million, up 6.8% year over year. Operating income was $530 million, up 27.7%. Operating margin was 12.5%, up 2.0 percentage points. Net income attributable to Leidos common stockholders was $363 million, up 27.8%.

Leidos closed the quarter ended January 3, 2025 with revenue of $4.36 billion, up 9.7% from the prior-year quarter. Full-year revenue was $16.66 billion, up 7.9%. Operating income was $421 million for the quarter, up 16.6%, and $1.83 billion for the year, up 194.2%.

Leidos reported revenue of $4.19 billion for the third quarter, up 6.9% from $3.92 billion in the prior-year quarter. Growth was broad, with all four segments contributing and managed health services doing the heaviest lifting.

Leidos closed the quarter ended June 28, 2024 with revenue of $4.13 billion, up 7.7% from $3.84 billion a year earlier. Operating income rose 43.5% to $475 million, and operating margin climbed to 11.5% from 8.6%.

Leidos opened fiscal 2024 with first-quarter revenue of $3.98 billion, up 7.5% from $3.70 billion in the prior-year quarter. Demand rose across all four customer segments. Health & Civil led the growth on higher volumes and case complexity in the managed health services business.

Leidos closed fiscal 2023 with fourth quarter revenue of $3.98 billion, up 7.7% from the prior-year quarter. Operating income rose 36.2% to $361 million, and operating margin reached 9.1%, up from 7.2%. Net income attributable to Leidos common stockholders was $229 million, up 29.4%.

Leidos reported revenue of $3.92 billion for the fiscal 2023 third quarter, up 8.7% from $3.61 billion in the prior-year quarter. Demand rose across all three segments, led by digital modernization and medical examination work. The bottom line told a different story.

Leidos posted fiscal 2023 second quarter revenue of $3.84 billion, up 6.7% from the prior-year quarter. Demand was broad, with digital modernization, hypersonics and medical examinations work driving the increase. Operating income climbed 22.1% to $331 million, and operating margin rose 1.1 percentage points to 8.6%.

Leidos started fiscal 2023 with revenue growth but lower profitability. First quarter revenue was $3.70 billion, up 5.9% from the prior-year quarter. Operating income was $265 million, down 2.2%. Net income attributable to Leidos common stockholders was $162 million, down 7.4%. Diluted EPS was $1.17, down 6.4%.

Leidos closed fiscal 2022 with fourth-quarter revenue of $3.70 billion, up 5.9% from the prior-year quarter. Full-year revenue reached $14.40 billion, up 4.8%. Operating income was $265 million in the quarter, down 1.9%, and $1.088 billion for the year, down 5.6%.

Leidos reported third-quarter fiscal 2022 revenue of $3.61 billion, up 3.6% from the prior-year quarter. Operating income was $281 million, down 7.9%, and operating margin was 7.8%, down 1.0 percentage point.

Leidos closed FY2022 Q2 with revenue of $3.60 billion, up 4.3% from the prior-year quarter. Growth was organic and broad, with all three reportable segments contributing. Defense Solutions, Civil, and Health each expanded, helped by the Navy NGEN-R SMIT contract and the DHMSM program.

Leidos reported first quarter fiscal 2022 revenue of $3.49 billion, up 5.4% from the prior-year quarter. Operating income was $271 million, down 12.0%. Operating margin was 7.8%, down 1.5 percentage points. Net income attributable to Leidos common stockholders was $175 million, down 14.6%.

Leidos closed fiscal 2021 with fourth-quarter revenue of $3.49 billion, up 7.3% from $3.25 billion in the prior-year quarter. Full-year revenue reached $13.74 billion, up 11.7% from $12.30 billion.

Leidos Holdings reported third quarter fiscal 2021 results for the period ended October 1, 2021. Revenue was $3.48 billion, up 7.4% from the prior year quarter. Operating income was $305 million, up 18.2%. Net income attributable to Leidos common stockholders was $205 million, up 25.8%.

Leidos reported strong second-quarter demand. Revenue reached $3.45 billion, up 18.3% from the prior-year quarter. Excluding $58 million of acquired revenues, the top line grew 16% organically. All three reportable segments contributed.

Leidos opened fiscal 2021 with a stronger top and bottom line. Revenue for the first quarter ended April 2, 2021 was $3.32 billion, up 14.7% from $2.89 billion in the prior-year quarter. Operating income rose 60.4% to $308 million from $192 million. Net income climbed 78.3% to $205 million from $115 million.