NICENasdaqServices-Prepackaged SoftwareUS GAAP · USD

NICE Ltd.

NICE Ltd. develops software platforms for customer engagement, contact center operations, and workforce optimization, with deployments used by organizations across many industries. The company is headquartered in Israel and listed in the United States, serving customers in more than 150 countries through cloud and software offerings centered on customer interaction, analytics, and automation.

Revenue2,945m USD
+7.7 %y/y
Operating profit (EBIT)646m USD
+18.3 %y/y
EBIT margin21.9%
+2.0 ppy/y
Net income612m USD
+39.3 %y/y
Free cash flow698m USD
−12.5 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

01,0002,0003,000m USD2020: 1,648 m USD2020: EBIT 242 m USD20202021: 1,921 m USD2021: EBIT 264 m USD20212022: 2,181 m USD2022: EBIT 335 m USD20222023: 2,378 m USD2023: EBIT 435 m USD20232024: 2,735 m USD2024: EBIT 546 m USD20242025: 2,945 m USD2025: EBIT 646 m USD20252,945646
RevenueOperating profit (EBIT)

Business

Share of revenue
Cloud customer engagement platforms55 %

Cloud software for routing, managing, and analyzing customer interactions across channels.

Contact center software20 %

Core contact center applications for inbound, outbound, and omnichannel service operations.

Workforce engagement and analytics15 %

Tools for forecasting, quality management, recording, and agent performance optimization.

AI automation and workflow software10 %

AI-enabled automation that turns customer interactions into guided actions and resolutions.

Products

Reported · share of revenue
76.0%19.0%FY2025100 %
  • Cloud76.0 %
  • Services19.0 %
  • Products5.0 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

NICE sells primarily to enterprises and public-sector organizations that manage large volumes of customer interactions and need software to coordinate service across voice and digital channels. Its users include contact centers, customer service teams, operations groups, and digital experience organizations that need better routing, recording, analytics, and automation. The company’s solutions are used across industries such as retail, telecom, financial services, energy, travel, and outsourcing. Customers buy NICE to improve customer satisfaction, reduce handling friction, and standardize service operations at scale.

Large enterprises

Buy CCaaS, analytics, and workforce tools to manage complex service operations at scale.

Contact center outsourcers and BPOs

Use NICE platforms to run multi-client customer support and streamline agent workflows.

Financial services and insurance

Purchase compliant interaction recording, quality management, and customer service software.

Retail and e-commerce

Use omnichannel customer engagement tools to improve service and reduce friction.

Telecommunications and utilities

Buy customer service automation and analytics for high-volume support environments.

Strategy

NICE’s strategy centers on expanding AI-powered customer engagement software that automates interactions from initial contact through resolution. The company emphasizes cloud adoption, cross-sell into existing customers, and deeper integration across channels, analytics, and workforce tools to strengthen switching costs and broaden platform usage. It also positions its products around measurable operational outcomes such as faster resolution, better customer satisfaction, and more efficient service delivery. These priorities matter because they reinforce the company’s enterprise software position in a market where buyers value scale, reliability, and workflow integration.

AI-powered customer engagementMedium term

AI is central to the product set and helps automate interactions into actions and resolutions.

Cloud platform expansionMedium term

Cloud delivery broadens addressable market and supports scalable recurring software deployment.

Cross-sell and platform depthShort term

Selling more modules into existing accounts increases platform stickiness and account value.

Geography

2025

NICE is headquartered in Ra'anana, Israel, and operates globally, with customer adoption spanning more than 150 countries. Its commercial reach is heavily international, with the United States and other developed markets typically important for enterprise software demand, while product delivery is largely cloud-based and support can be provided remotely. Geography matters because the company sells into regulated and multilingual service environments, and its customer base is spread across industries and regions rather than concentrated in one local market.

Americas84 %
Europe, Middle East and Africa11 %
Asia Pacific5.3 %
Israel0.1 %

Share of the revenue the company reports by geography.

Risks

NICE depends on enterprise software adoption, so competitive pressure from other CCaaS and customer experience vendors can affect pricing, deal cycles, and customer retention. Because its products are used across global markets and regulated service environments, the company faces execution risk from cloud migrations, data security requirements, and localized compliance needs. Revenue can also be affected by large customer implementation timing and the pace of platform transitions from legacy systems to cloud software. Like other software vendors, NICE also carries risk around contract accounting judgments, deferred revenue timing, and goodwill or acquired-intangible asset impairment.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Competition in CCaaS and CX software1Cloud implementation and migration execution2Cybersecurity and data privacy compliance3Goodwill and intangible asset impairment4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Competition in CCaaS and CX softwareImpact: HighLikelihood: High

    The market includes multiple enterprise vendors with overlapping functionality and strong pricing pressure.

    Exposure: Customer engagement platforms

  2. Cloud implementation and migration executionImpact: HighLikelihood: Medium

    Customers may defer or phase implementations, delaying adoption and revenue recognition.

    Exposure: CXone and cloud deployments

  3. Cybersecurity and data privacy complianceImpact: HighLikelihood: Medium

    The platforms process recorded interactions and customer data across jurisdictions.

    Exposure: Global enterprise customer data

  4. Goodwill and intangible asset impairmentImpact: MediumLikelihood: Medium

    Software businesses often rely on acquisitions whose value must be tested against future cash flows.

    Exposure: Acquired software assets

Accounting

Judgemental items
Revenue recognition

Software, SaaS, and services contracts may have different timing for recognition and delivery.

Impact: Can shift reported revenue between quarters and affect deferred revenue

Deferred revenue

Customer advances and subscription billings are recognized over contract periods.

Impact: Important for reading underlying demand and future revenue visibility

Goodwill and intangibles

Software businesses often carry acquired technology and customer relationships.

Impact: Impairment charges can materially affect earnings and equity

Share-based compensation

Executive and employee equity awards are a meaningful part of compensation.

Impact: Affects reported operating margin and diluted share count

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

NICE Ltd. (NICE) Revenue, Earnings & Financials 2025 – Clarifo