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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total revenues      
Total revenues $ 2,565.0 $ 2,414.7 $ 2,329.9
Operating expenses:      
Total cost of revenues 319.3 282.6 304.4
Research and development 394.9 368.9 349.9
Selling and marketing 862.9 747.1 675.2
General and administrative 111.9 117.0 116.1
Total operating expenses 1,689.0 1,515.6 1,445.6
Operating income 876.0 899.1 884.3
Financial income, net 96.1 76.5 44.0
Income before taxes on income 972.1 975.6 928.3
Taxes on income 126.4 135.3 131.4
Net income $ 845.7 $ 840.3 $ 796.9
Basic earnings per ordinary share $ 7.65 $ 7.19 $ 6.37
Number of shares used in computing basic earnings per share 110,617,625 116,913,913 125,205,504
Diluted earnings per ordinary share $ 7.46 $ 7.1 $ 6.31
Number of shares used in computing diluted earnings per share 113,406,896 118,347,749 126,338,989
Products and licenses      
Total revenues      
Total revenues $ 507.9 $ 497.4 $ 554.9
Operating expenses:      
Total cost of revenues [1] 97.8 99.3 145.6
Security subscriptions      
Total revenues      
Total revenues 1,104.2 981.2 858.0
Operating expenses:      
Total cost of revenues [1] 72.6 57.0 41.4
Software updates and maintenance      
Total revenues      
Total revenues 952.9 936.1 917.0
Operating expenses:      
Total cost of revenues [1] 123.9 112.3 105.5
Amortization of technology      
Operating expenses:      
Total cost of revenues $ 25.0 $ 14.0 $ 11.9
[1] Not including amortization of technology shown separately.