The Filings Report

Leidos Holdings, Inc.

LDOSNYSECIK 1336920Technology / IT Servicesfiscal year ends December69 quarters since 2009

Revenue, Q2 FY2026
$4.5B
+7.4% on Q2 FY2025
Net income
$354M
−9.5% on Q2 FY2025
Free cash flow
$761M
+66.5% on Q2 FY2025
Diluted EPS
$2.81
−6.6% on Q2 FY2025
Revenue, TTM
$17.6B
trailing four quarters
Net margin, TTM
7.8%
net income $1.4B
Free cash flow, TTM
$2.2B
$2.3B less $137M capex
Cash and equivalents
$748M
long-term debt —, Jul 3, 2026
Shares, 12-month change
−2.2%
125M shares, Jul 3, 2026, split-adjusted
Buybacks, TTM
$666M
3.7% of market value
Dividends, TTM
—
no yield
Market value
$17.9B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 4, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended July 3, 2026, Leidos Holdings, Inc. reported revenue of $4.5B, +7.4% on Q2 FY2025, and net income of $354M (−9.5%). Operating margin was 11.3%. Free cash flow, operating cash flow less capital expenditures, was $761M ($793M less $32M). Diluted earnings per share were $2.81.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 4, 2026.

Revenue and net incomeRevenueNet income
−$2B$0$2B$4B$6BQ3'22, Revenue: $3.6BQ3'22, Net income: $162MQ3'22Q4'22, Revenue: $3.7BQ4'22, Net income: $177MQ4'22Q1'23, Revenue: $3.7BQ1'23, Net income: $162MQ1'23Q2'23, Revenue: $3.8BQ2'23, Net income: $207MQ2'23Q3'23, Revenue: $3.9BQ3'23, Net income: −$399MQ3'23Q4'23, Revenue: $4.0BQ4'23, Net income: $229MQ4'23Q1'24, Revenue: $4.0BQ1'24, Net income: $284MQ1'24Q2'24, Revenue: $4.1BQ2'24, Net income: $322MQ2'24Q3'24, Revenue: $4.2BQ3'24, Net income: $364MQ3'24Q4'24, Revenue: $4.3BQ4'24, Net income: $284MQ4'24Q1'25, Revenue: $4.2BQ1'25, Net income: $363MQ1'25Q2'25, Revenue: $4.2BQ2'25, Net income: $391MQ2'25Q3'25, Revenue: $4.4BQ3'25, Net income: $367MQ3'25Q4'25, Revenue: $4.2BQ4'25, Net income: $327MQ4'25Q1'26, Revenue: $4.4BQ1'26, Net income: $328MQ1'26Q2'26, Revenue: $4.5BQ2'26, Net income: $354MQ2'26−$2B$0$2B$4B$6BQ3'22, Revenue: $3.6BQ3'22, Net income: $162MQ4'22, Revenue: $3.7BQ4'22, Net income: $177MQ4'22Q1'23, Revenue: $3.7BQ1'23, Net income: $162MQ2'23, Revenue: $3.8BQ2'23, Net income: $207MQ2'23Q3'23, Revenue: $3.9BQ3'23, Net income: −$399MQ4'23, Revenue: $4.0BQ4'23, Net income: $229MQ4'23Q1'24, Revenue: $4.0BQ1'24, Net income: $284MQ2'24, Revenue: $4.1BQ2'24, Net income: $322MQ2'24Q3'24, Revenue: $4.2BQ3'24, Net income: $364MQ4'24, Revenue: $4.3BQ4'24, Net income: $284MQ4'24Q1'25, Revenue: $4.2BQ1'25, Net income: $363MQ2'25, Revenue: $4.2BQ2'25, Net income: $391MQ2'25Q3'25, Revenue: $4.4BQ3'25, Net income: $367MQ4'25, Revenue: $4.2BQ4'25, Net income: $327MQ4'25Q1'26, Revenue: $4.4BQ1'26, Net income: $328MQ2'26, Revenue: $4.5BQ2'26, Net income: $354MQ2'26

Net income losses drawn in red.

Free cash flow
−$250M$0$250M$500M$750M$1.0BQ3'22, Free cash flow: $702MQ3'22Q4'22, Free cash flow: $72MQ4'22Q1'23, Free cash flow: −$137MQ1'23Q2'23, Free cash flow: $124MQ2'23Q3'23, Free cash flow: $745MQ3'23Q4'23, Free cash flow: $248MQ4'23Q1'24, Free cash flow: $96MQ1'24Q2'24, Free cash flow: $358MQ2'24Q3'24, Free cash flow: $624MQ3'24Q4'24, Free cash flow: $208MQ4'24Q1'25, Free cash flow: $36MQ1'25Q2'25, Free cash flow: $457MQ2'25Q3'25, Free cash flow: $680MQ3'25Q4'25, Free cash flow: $452MQ4'25Q1'26, Free cash flow: $270MQ1'26Q2'26, Free cash flow: $761MQ2'26−$250M$0$250M$500M$750M$1.0BQ3'22, Free cash flow: $702MQ4'22, Free cash flow: $72MQ4'22Q1'23, Free cash flow: −$137MQ2'23, Free cash flow: $124MQ2'23Q3'23, Free cash flow: $745MQ4'23, Free cash flow: $248MQ4'23Q1'24, Free cash flow: $96MQ2'24, Free cash flow: $358MQ2'24Q3'24, Free cash flow: $624MQ4'24, Free cash flow: $208MQ4'24Q1'25, Free cash flow: $36MQ2'25, Free cash flow: $457MQ2'25Q3'25, Free cash flow: $680MQ4'25, Free cash flow: $452MQ4'25Q1'26, Free cash flow: $270MQ2'26, Free cash flow: $761MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$500M$1.0B$1.5BQ3'22, Cash and equivalents: $807MQ3'22Q4'22, Cash and equivalents: $516MQ4'22Q1'23, Cash and equivalents: $379MQ1'23Q2'23, Cash and equivalents: $329MQ2'23Q3'23, Cash and equivalents: $750MQ3'23Q4'23, Cash and equivalents: $641MQ4'23Q1'24, Cash and equivalents: $547MQ1'24Q2'24, Cash and equivalents: $744MQ2'24Q3'24, Cash and equivalents: $1.1BQ3'24Q4'24, Cash and equivalents: $849MQ4'24Q1'25, Cash and equivalents: $842MQ1'25Q2'25, Cash and equivalents: $930MQ2'25Q3'25, Cash and equivalents: $974MQ3'25Q4'25, Cash and equivalents: $1.1BQ4'25Q1'26, Cash and equivalents: $457MQ1'26Q2'26, Cash and equivalents: $748MQ2'26$0$500M$1.0B$1.5BQ3'22, Cash and equivalents: $807MQ4'22, Cash and equivalents: $516MQ4'22Q1'23, Cash and equivalents: $379MQ2'23, Cash and equivalents: $329MQ2'23Q3'23, Cash and equivalents: $750MQ4'23, Cash and equivalents: $641MQ4'23Q1'24, Cash and equivalents: $547MQ2'24, Cash and equivalents: $744MQ2'24Q3'24, Cash and equivalents: $1.1BQ4'24, Cash and equivalents: $849MQ4'24Q1'25, Cash and equivalents: $842MQ2'25, Cash and equivalents: $930MQ2'25Q3'25, Cash and equivalents: $974MQ4'25, Cash and equivalents: $1.1BQ4'25Q1'26, Cash and equivalents: $457MQ2'26, Cash and equivalents: $748MQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

Leidos Holdings, Inc. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jul 3, 2026filed Aug 4, 2026Q1 FY2026ended Apr 3, 2026filed May 5, 2026Q4 FY2025ended Jan 2, 2026filed Feb 17, 2026Q3 FY2025ended Oct 3, 2025filed Nov 4, 2025Q2 FY2025ended Jul 4, 2025filed Aug 5, 2025Q1 FY2025ended Apr 4, 2025filed May 6, 2025Q4 FY2024ended Jan 3, 2025filed Feb 11, 2025Q3 FY2024ended Sep 27, 2024filed Oct 29, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue4,5484,3834,1974,4494,2334,2284,3494,169+7.4%
Cost of revenue3,7413,6393,4683,6483,4713,4883,6723,428+7.8%
Gross profit—————————
Research and development—————————
Selling, general and administrative283223266286217230279247+30.4%
Operating income514508473535571530421516−10.0%
Other income (expense)6(24)402(3)10+200.0%
Pretax income451429429484518478375470−12.9%
Income tax95949411512511393108−24.0%
Net income354328327367391363284364−9.5%
Diluted EPS ($)2.812.56—2.823.012.77—2.68−6.6%
Diluted shares (millions)126128—130130131—136—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

Leidos Holdings, Inc. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jul 3, 2026filed Aug 4, 2026Q1 FY2026ended Apr 3, 2026filed May 5, 2026Q4 FY2025ended Jan 2, 2026filed Feb 17, 2026Q3 FY2025ended Oct 3, 2025filed Nov 4, 2025Q2 FY2025ended Jul 4, 2025filed Aug 5, 2025Q1 FY2025ended Apr 4, 2025filed May 6, 2025Q4 FY2024ended Jan 3, 2025filed Feb 11, 2025Q3 FY2024ended Sep 27, 2024filed Oct 29, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents7484571,1089749308428491,097−19.6%
Short-term investments—————————
Total current assets5,2464,4034,8144,8494,7814,5494,3344,665+9.7%
Total assets15,63215,38713,49313,54213,54913,19713,01013,338+15.4%
Total current liabilities3,2203,1522,8272,9862,9482,9613,5603,782+9.2%
Long-term debt—————————
Total liabilities10,29610,3238,5318,5888,8428,8958,5508,671+16.4%
Stockholders’ equity5,2845,0134,9164,9094,6624,2574,4124,614+13.3%
Shares outstanding (millions)125126126128128129131133—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

Leidos Holdings, Inc. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jul 3, 2026filed Aug 4, 2026Q1 FY2026ended Apr 3, 2026filed May 5, 2026Q4 FY2025ended Jan 2, 2026filed Feb 17, 2026Q3 FY2025ended Oct 3, 2025filed Nov 4, 2025Q2 FY2025ended Jul 4, 2025filed Aug 5, 2025Q1 FY2025ended Apr 4, 2025filed May 6, 2025Q4 FY2024ended Jan 3, 2025filed Feb 11, 2025Q3 FY2024ended Sep 27, 2024filed Oct 29, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow79330149571148658294647+63.2%
Capital expenditures3231433129228623+10.3%
Free cash flow (CFO − capex)76127045268045736208624+66.5%
Depreciation and amortization8172757472697971+12.5%
Share repurchases6620030010000400200—
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 17, 2026.

Income statement

Leidos Holdings, Inc. income statement, annual
Millions of dollarsFY2025ended Jan 2, 2026filed Feb 17, 2026FY2024ended Jan 3, 2025filed Feb 11, 2025FY2023ended Dec 29, 2023filed Feb 13, 2024FY2022ended Dec 30, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 15, 2022FY2020ended Jan 1, 2021filed Feb 23, 2021FY2019ended Jan 3, 2020filed Feb 18, 2020FY2018ended Dec 28, 2018filed Feb 19, 2019FY2017ended Dec 29, 2017filed Feb 23, 2018FY2016ended Dec 30, 2016filed Feb 24, 2017FY2015ended Jan 1, 2016filed Apr 28, 2016FY2014ended Oct 31, 2014filed Dec 3, 2014FY2013ended Nov 1, 2013filed Dec 10, 2013FY2012ended Oct 31, 2012filed Dec 6, 2012FY2011ended Oct 31, 2011filed Dec 8, 2011FY2010ended Oct 31, 2010filed Dec 9, 2010
Revenue17,10716,57615,33914,28713,61712,19710,97610,19410,1707,043——————
Cost of revenue14,07513,86413,19412,31211,72310,5609,5468,6908,7386,103——————
Gross profit————————————————
Research and development1871501281161097349464244——————
Selling, general and administrative999983942951851770689729737422——————
Operating income2,1091,8276211,0881,152998912749559417——————
Other income (expense)35(6)(3)(1)(38)87(1)(26)(13)——————
Pretax income1,9091,639403886967781866610393318——————
Income tax447388195193208152196282972——————
Net income1,4481,254199685753628667581366244——————
Diluted EPS ($)11.149.221.444.965.274.364.603.802.382.35——————
Diluted shares (millions)130136138138143144145153154104——————

Balance sheet

Leidos Holdings, Inc. balance sheet, annual
Millions of dollarsFY2025ended Jan 2, 2026filed Feb 17, 2026FY2024ended Jan 3, 2025filed Feb 11, 2025FY2023ended Dec 29, 2023filed Feb 13, 2024FY2022ended Dec 30, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 15, 2022FY2020ended Jan 1, 2021filed Feb 23, 2021FY2019ended Jan 3, 2020filed Feb 18, 2020FY2018ended Dec 28, 2018filed Feb 19, 2019FY2017ended Dec 29, 2017filed Feb 23, 2018FY2016ended Dec 30, 2016filed Feb 24, 2017FY2015ended Jan 1, 2016filed Apr 28, 2016FY2014ended Oct 31, 2014filed Dec 3, 2014FY2013ended Nov 1, 2013filed Dec 10, 2013FY2012ended Oct 31, 2012filed Dec 6, 2012FY2011ended Oct 31, 2011filed Dec 8, 2011FY2010ended Oct 31, 2010filed Dec 9, 2010
Cash and equivalents1,1088496415167275246683273903766564188145311,463644
Short-term investments————————————————
Total current assets4,8144,3344,0053,6433,6193,3392,8122,8392,6742,3811,7931,6752,2863,0623,9913,171
Total assets13,49313,01012,69513,07113,26112,5119,3678,7708,9909,1323,3703,3984,6355,8666,4635,538
Total current liabilities2,8273,5602,9903,9473,2292,9072,3332,0592,2022,0161,0401,0011,2401,9662,6981,807
Long-term debt———————————1,2271,3301,2971,299—
Total liabilities8,5318,5508,4378,7188,9178,640——————————
Stockholders’ equity4,9164,4124,2014,2994,2913,8623,4133,3083,3703,1351,0689761,8832,4552,3262,485
Shares outstanding (millions)126131136137141142141146151150737486342—372

Cash flow statement

Leidos Holdings, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Jan 2, 2026filed Feb 17, 2026FY2024ended Jan 3, 2025filed Feb 11, 2025FY2023ended Dec 29, 2023filed Feb 13, 2024FY2022ended Dec 30, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 15, 2022FY2020ended Jan 1, 2021filed Feb 23, 2021FY2019ended Jan 3, 2020filed Feb 18, 2020FY2018ended Dec 28, 2018filed Feb 19, 2019FY2017ended Dec 29, 2017filed Feb 23, 2018FY2016ended Dec 30, 2016filed Feb 24, 2017FY2015ended Jan 1, 2016filed Apr 28, 2016FY2014ended Oct 31, 2014filed Dec 3, 2014FY2013ended Nov 1, 2013filed Dec 10, 2013FY2012ended Oct 31, 2012filed Dec 6, 2012FY2011ended Oct 31, 2011filed Dec 8, 2011FY2010ended Oct 31, 2010filed Dec 9, 2010
Operating cash flow1,7501,4351,1879921,0331,334992768526———————
Capital expenditures125149207129104183121738129——————
Free cash flow (CFO − capex)1,6251,2869808639291,151871695445———————
Depreciation and amortization290290331333325282234257336122——————
Share repurchases4008502250237672516700——————
Dividends paid———————00993——————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$2M
3 sales by 2 insiders; officers and directors $2M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$3M
9 sales by 3 insiders; officers and directors $3M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 7, 2026Kraemer Harry M Jansen JRDirectorawardindirect297$0.00—132,108Oct 9, 2026
Sep 30, 2026Antal Daniel J.EVP, General Counselawardindirect5$0.00—10,747Oct 2, 2026
Sep 30, 2026Cage Christopher RChief Financial Officerawardindirect93$0.00—31,933Oct 2, 2026
Sep 30, 2026Stevens Roy ESector Presidentawardindirect6$0.00—1,812Oct 2, 2026
Sep 30, 2026Kraemer Harry M Jansen JRDirectorawardindirect463$0.00—131,811Oct 2, 2026
Sep 30, 2026Shapard Robert SDirectorawardindirect6$0.00—1,638Oct 2, 2026
Sep 1, 2026May Gary StephenDirectoropen-market sale1,000$140.85$141K10,204Sep 2, 2026
Aug 11, 2026Geer Noel BDirectoropen-market sale8,500$140.59$1M35,774Aug 13, 2026
Aug 11, 2026Geer Noel BDirectoropen-market sale1,500$141.07$212K34,274Aug 13, 2026
Aug 4, 2026Porter Elizabeth ASector Presidenttax withholding5,092$118.72$605K44,384Aug 6, 2026
Aug 4, 2026Stevens Roy ESector Presidenttax withholding4,584$118.72$544K57,637Aug 6, 2026
Aug 4, 2026Cage Christopher RChief Financial Officertax withholding4,584$118.72$544K60,245Aug 6, 2026
Jul 6, 2026Kraemer Harry M Jansen JRDirectorawardindirect310$0.00—131,348Jul 7, 2026
Jun 30, 2026Shapard Robert SDirectorawardindirect7$0.00—1,632Jul 2, 2026
Jun 30, 2026Kraemer Harry M Jansen JRDirectorawardindirect565$0.00—131,037Jul 2, 2026
Jun 30, 2026Stevens Roy ESector Presidentawardindirect8$0.00—1,805Jul 2, 2026
Jun 30, 2026Cage Christopher RChief Financial Officerawardindirect113$0.00—31,840Jul 2, 2026
Jun 30, 2026Antal Daniel J.EVP, General Counselawardindirect6$0.00—10,743Jul 2, 2026
May 8, 2026Dahlberg Gregory RDirectoraward1,067$0.00—24,036May 12, 2026
May 8, 2026Fubini David GDirectoraward1,067$0.00—17,548May 12, 2026
May 8, 2026Geer Noel BDirectoraward1,067$0.00—44,274May 12, 2026
May 8, 2026Jonas Tina WDirectoraward1,067$0.00—2,446May 12, 2026
May 8, 2026Kraemer Harry M Jansen JRDirectorawardindirect1,067$0.00—130,472May 12, 2026
May 8, 2026May Gary StephenDirectoraward1,067$0.00—11,204May 12, 2026
May 8, 2026Norton Nancy ADirectoraward1,067$0.00—3,144May 12, 2026

Full insider history for Leidos Holdings, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Leidos Holdings, Inc., CIK 1336920 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
1 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: income tax FY2017
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax, Revenues
Cost of revenue: CostOfRevenue
Gross profit: not filed
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets, PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/LDOS.json