CHKP

MKT CAP:$14B

Check Point Software Technologies Ltd.

Market Cap

$14B

Technology·Software - Infrastructure·🇮🇱 Israel·NASDAQ

Technology·Software Infra·🇮🇱·NASDAQ

Stock Price

$132.02-$49.01 (-27.07%)

Apr 23, 2026

Company Details

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solution...

CEO

Nadav Zafrir

IPO Date

Jun 28, 1996

Website

www.checkpoint.com

Key Metrics TTM

Revenue

$2.7B

+6.3% YoY

Net Income

$1.1B

EPS (Diluted)

$9.64

Free Cash Flow

$1.3B

Revenue / Share

$25.14

Gross Margin

85.4%

Operating Margin

30.5%

Net Margin

38.8%

FCF Margin

47.2%

P/S

5.2x

P/E

13.3x

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Mar 31, 2026

$2.7B+6.3%EPS $9.62

Q4 2025

Mar 31, 2026

$745M+5.9%EPS $2.81

Q3 2025

Dec 2, 2025

$678M+6.7%EPS $3.28

Q2 2025

Jul 30, 2025

$665M+6.0%EPS $1.84

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$543M	$473M	$200M
Q2 22	$571M	$496M	$209M
Q3 22	$578M	$502M	$221M
Q4 22	$639M	$555M	$254M
Q1 23	$566M	$498M	$200M
Q2 23	$589M	$523M	$221M
Q3 23	$596M	$529M	$226M
Q4 23	$664M	$582M	$252M
Q1 24	$599M	$528M	$194M
Q2 24	$627M	$549M	$209M
Q3 24	$635M	$555M	$219M
Q4 24	$704M	$613M	$254M
Q1 25	$638M	$554M	$196M
Q2 25	$665M	$562M	$204M
Q3 25	$678M	$578M	$199M
Q4 25	$745M	$634M	$233M

Valuation

Quarter	P/S	P/E
Q1 22	6.4x	17.5x
Q2 22	6.3x	17.8x
Q3 22	6.1x	17.9x
Q4 22	6.0x	17.6x
Q1 23	6.0x	17.3x
Q2 23	5.9x	16.7x
Q3 23	5.9x	16.3x
Q4 23	5.8x	16.7x
Q1 24	5.7x	16.7x
Q2 24	5.7x	16.8x
Q3 24	5.6x	16.8x
Q4 24	5.5x	16.6x
Q1 25	5.4x	16.5x
Q2 25	5.3x	16.4x
Q3 25	5.2x	13.9x
Q4 25	5.2x	13.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$398M	$393M
Q2 22	$212M	$205M
Q3 22	$240M	$236M
Q4 22	$249M	$242M
Q1 23	$386M	$381M
Q2 23	$191M	$187M
Q3 23	$222M	$216M
Q4 23	$239M	$234M
Q1 24	$361M	$355M
Q2 24	$200M	$194M
Q3 24	$249M	$244M
Q4 24	$243M	$236M
Q1 25	$421M	$414M
Q2 25	$262M	$256M
Q3 25	$279M	$273M
Q4 25	$352M	$344M

Capital Expenditures

Quarter	CapEx
Q1 22	$5M
Q2 22	$7M
Q3 22	$4M
Q4 22	$7M
Q1 23	$4M
Q2 23	$4M
Q3 23	$6M
Q4 23	$5M
Q1 24	$7M
Q2 24	$6M
Q3 24	$5M
Q4 24	$7M
Q1 25	$7M
Q2 25	$6M
Q3 25	$7M
Q4 25	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+6.9%	+17.0%
Q2 22	+8.6%	+19.3%
Q3 22	+8.2%	+15.1%
Q4 22	+6.6%	+8.9%
Q1 23	+4.3%	+7.0%
Q2 23	+3.1%	+1.4%
Q3 23	+3.2%	+3.9%
Q4 23	+3.9%	+7.1%
Q1 24	+5.8%	+10.5%
Q2 24	+6.6%	+13.8%
Q3 24	+6.5%	+12.5%
Q4 24	+6.1%	+9.2%
Q1 25	+6.5%	+9.2%
Q2 25	+6.0%	+10.4%
Q3 25	+6.7%	+14.8%
Q4 25	+5.9%	+13.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$32M	6.0%
Q2 22	$34M	5.9%
Q3 22	$35M	6.1%
Q4 22	$30M	4.7%
Q1 23	$33M	5.8%
Q2 23	$36M	6.1%
Q3 23	$37M	6.1%
Q4 23	$40M	6.0%
Q1 24	$42M	6.9%
Q2 24	$39M	6.3%
Q3 24	$39M	6.1%
Q4 24	$30M	4.2%
Q1 25	$41M	6.5%
Q2 25	$46M	6.9%
Q3 25	$0	0.0%
Q4 25	$56M	7.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$87M	$27M	$159M
Q2 22	$86M	$31M	$171M
Q3 22	$86M	$28M	$166M
Q4 22	$91M	$30M	$180M
Q1 23	$92M	$29M	$178M
Q2 23	$87M	$28M	$186M
Q3 23	$90M	$30M	$183M
Q4 23	$100M	$30M	$201M
Q1 24	$99M	$29M	$206M
Q2 24	$97M	$27M	$216M
Q3 24	$98M	$30M	$209M
Q4 24	$101M	$26M	$232M
Q1 25	$102M	$31M	$225M
Q2 25	$113M	$30M	$228M
Q3 25	$118M	$34M	$227M
Q4 25	$133M	$34M	$256M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	6.9%	38.4%	45.3
Q2 22	8.6%	38.1%	46.7
Q3 22	8.2%	40.0%	48.1
Q4 22	6.6%	41.3%	47.8
Q1 23	4.3%	37.1%	41.4
Q2 23	3.1%	39.0%	42.1
Q3 23	3.2%	39.6%	42.8
Q4 23	3.9%	40.8%	44.8
Q1 24	5.8%	35.9%	41.6
Q2 24	6.6%	36.3%	42.9
Q3 24	6.5%	37.3%	43.8
Q4 24	6.1%	38.7%	44.7
Q1 25	6.5%	34.5%	41.0
Q2 25	6.0%	38.7%	44.7
Q3 25	6.7%	37.4%	44.0
Q4 25	5.9%	33.7%	39.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$261M	$1.5B	$1.7B
Q2 22	$243M	$1.4B	$1.7B
Q3 22	$427M	$1.2B	$1.6B
Q4 22	$196M	$1.4B	$1.6B
Q1 23	$276M	$1.4B	$1.7B
Q2 23	$286M	$1.3B	$1.6B
Q3 23	$294M	$1.2B	$1.5B
Q4 23	$538M	$992M	$1.5B
Q1 24	$537M	$1.1B	$1.6B
Q2 24	$573M	$1.1B	$1.7B
Q3 24	$544M	$926M	$1.5B
Q4 24	$506M	$866M	$1.4B
Q1 25	$450M	$1.0B	$1.5B
Q2 25	$612M	$913M	$1.5B
Q3 25	$620M	$849M	$1.5B
Q4 25	$1.8B	$1.2B	$3.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	130M	-0.8%	-5.5%
Q2 22	128M	-1.6%	-5.3%
Q3 22	125M	-2.1%	-6.3%
Q4 22	123M	-1.7%	-6.1%
Q1 23	121M	-1.5%	-6.7%
Q2 23	119M	-1.6%	-6.7%
Q3 23	117M	-1.6%	-6.2%
Q4 23	116M	-1.2%	-5.7%
Q1 24	115M	-0.6%	-4.9%
Q2 24	114M	-1.4%	-4.7%
Q3 24	113M	-0.2%	-3.3%
Q4 24	112M	-1.1%	-3.3%
Q1 25	111M	-0.6%	-3.3%
Q2 25	110M	-0.9%	-2.8%
Q3 25	110M	-0.8%	-3.4%
Q4 25	108M	-1.0%	-3.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$206.7K	3K
Q2 22	$217.5K	3K
Q3 22	$220.0K	3K
Q4 22	$225.7K	3K
Q1 23	$200.1K	3K
Q2 23	$208.1K	3K
Q3 23	$210.8K	3K
Q4 23	$218.4K	3K
Q1 24	$197.1K	3K
Q2 24	$206.5K	3K
Q3 24	$209.1K	3K
Q4 24	$227.3K	3K
Q1 25	$206.0K	3K
Q2 25	$214.9K	3K
Q3 25	$218.8K	3K
Q4 25	$243.0K	3K

Revenue / Employee