How ICON makes money

Period

FY2025

How does ICON make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

ICON plc · FY2025 · year ended 2025-12-31

Revenue$8.3BGross profit$8.3B · 100%Cost of revenue$0 · 0%Operating income$443M · 5%Operating expenses$7.8B · 95%SG&A$780M · 9%Other opex$7.0B · 85%Pre-tax income$252M · 3%Other expense$190M · 2%Net income$229M · 3%Income tax$0 · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.