Gen Digital Inc 2025年度报告
#/-0./ ' 4 - !*- /# $"$/ ' 2*-' $. ' -ԷԵԷԻ) +.#*/ $2.56non-GAAP EPSUp 15% YoYnon-GAAPEPSnUp 15% YoY $5.0BRevenueUp 27% YoYRevenueUp27% YoY $1.5BOperating cash flowUp 27% YoYerating cash flowOpeUp27% YoY $1.57GAAP EPSUp 53% YoYGAAPEPSUp 53% YoY 100M+Financial accountsmonitoredup 36% YoYnancial accountsFinmonitoredup 36% YoYs 500MUsers across150+ countriesUsers across150+ countries 10B+Attacks blockedannually — real-timeprotection at scaleAttacks blockedAnually — real-timeannrotection at scalepr 400MAnnual financialinquiries throughEngine by GenAnnual financialAnquiries throughinEngine by Gen 79MPaid customersworldwidePaid customersworldwide AI agents can now book flights, execute trades and move money on people’s behalf. Sponsoredads look identical to trusted brands. A realistic video endorsement, a QR code at checkout, adevice-pairing prompt — any one of these can trigger a scam that compromises both digitalidentity and financial health. The threat landscape has not just grown. It has changed shape. At Gen, we believe that trust is the critical foundation for consumers to fully embrace andbenefit from an ever more automated digital world.We build the trust layer that lets peopleact online with confidence by securing their devices and data, protecting their identities,empowering their financial health and now, helping them use AI simply and safely. Our brandsserve nearly 500 million users across more than 150 countries. We believe the opportunities infront of us have never been larger. $. ' -ԷԵԷԻ# - #*' -// - - )1 ./*-.լ Fiscal year 2026 was a defining year for Gen, with overall growth inflecting from mid-single digits todouble-digit growth as our platform strategy delivered at scale. Cyber safety and Financial Wellness arereinforcing each other and that convergence is driving growth. Six years ago, Gen was born as a pure-playconsumer cybersecurity company with $2 billion in revenues. Since then,we have more than doubledrevenue, nearly tripled EPS and nearly quadrupled our paid customer base.Today, we span security,privacy, identity, reputation, financial protection and empowerment, unified by a shared technologyplatform and intelligence layer and supported by our integrated capabilities. The numbers tell the story of that transformation.FY26 revenue crossed $5 billion for the first time.Proforma bookings and revenue grew 10% and 9%, respectively, while reported revenue grew 27% and non-GAAP EPS grew 15%, accelerating ahead of our prior mid-term targets. We generated $1.5 billion inoperating cash flow and exited the year at three times net leverage, a full year ahead of plan. Fiscal year2026 marks a structural acceleration — from mid-single digit to double-digit revenue growth, with mid-teens non-GAAP EPS growth — as we expanded Cyber Safety into Trust-Based Solutions. This is a stepchange in trajectory. An evolving threat landscape The threat landscape is rapidly changing in character, not just in scale.Some of the most dangerousattacks today are embedded into everyday digital experiences: shopping, social feeds, search,payments.Consumers are not being breached through technical exploits. They are being redirected fromtrusted behaviors into outcomes that look legitimate and feel safe. A sponsored ad, a realistic videoendorsement, a QR code at checkout — any one of these can trigger a scam that drains an account orsteals an identity before the damage is discovered. AI has compressed the life cycle of attacks from months to days, sometimes hours. It has lowered the costand effort required to launch personalized scams at scale. Fake ads now represent more than 40% of allconsumer cyber threats, visually indistinguishable from legitimate brands. Last year,we blocked morethan 45 million fake online shop attacks in a single quarter, up over 60%.These scams mirror exactlyhow people shop today and cybercriminals are following consumers into the same channels. The next wave is already here. AI agents can now browse, transact and act on a person’s behalf at speedand scale no human can match. They can be deceived through the same vectors people can, from fakeads, impersonation sites, manipulated information, but the consequences are amplified. A singlemalicious prompt could instruct an agent to scan a device, extract credentials and initiate a transactionwithout exploiting a single traditional software vulnerability. The AI is doing exactly what it was designedto do, just without enough safeguards.Protecting people in the agentic era is not a future problem.It is the challenge we are solving right now. $. ' -ԷԵԷԻ# - #*' -// - 0-/-0./' 4 - The results in each segment confirm the strategyis working. In Cyber Safety, comprehensivemembership adoption is near 60%, integratingsecurity, privacy, identity and increasinglyfinancial monitoring into a single relationship.*-/*) -*..և. ''+ ) /- /$*) 3 ԷԻլ0+!-*(Ժ/.0%/#-4 -. "*իNorton 360NPS nearly doubled yea