Vertiv Holdings (VRT) financials
Vertiv Holdings revenue and earnings by year
Vertiv Holdings's revenue was $10.2 billion in the fiscal year to December 31, 2025, up 27.7% from the year before. Net income was $1.33 billion, 13.0% of revenue. Since the fiscal year to December 31, 2018, revenue has grown 13.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 8 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.2 | 8.0 | 6.9 | 5.7 | 5.0 | 4.4 | 4.4 | 4.3 |
| Revenue growth | 27.7% | 16.7% | 20.6% | 13.9% | 14.4% | -1.4% | 3.4% | — |
| Gross profit | 3.7 | 2.9 | 2.4 | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 |
| Gross margin | 36.3% | 36.6% | 35.0% | 28.4% | 30.5% | 33.7% | 32.8% | 33.1% |
| Operating income | 1.8 | 1.4 | 0.9 | 0.2 | 0.3 | 0.2 | 0.2 | 0.0 |
| Operating margin | 18.0% | 17.2% | 12.9% | 4.0% | 5.3% | 5.5% | 4.6% | 0.4% |
| Net income | 1.3 | 0.5 | 0.5 | 0.1 | 0.1 | -0.3 | -0.1 | -0.3 |
| Net margin | 13.0% | 6.2% | 6.7% | 1.3% | 2.4% | -7.5% | -3.2% | -7.3% |
| Diluted EPS | $3.41 | $1.28 | $1.19 | — | $0.33 | -$1.24 | -$1.19 | — |
| Free cash flow | 1.9 | 1.1 | 0.8 | -0.3 | 0.1 | 0.2 | -0.0 | -0.3 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VRT in Markets.
How Vertiv Holdings makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $3.64B | 84.3% |
| Services | $676M | 15.7% |
See also: VRT valuation and P/E history · VRT returns
No forecast, no recommendation. This page describes Vertiv Holdings from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.