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E*Trade Revenue

E*Trade revenue was $3.15 b in FY, 2019 which is a 3.6% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1982
E*Trade is a subsidiary of Morgan Stanley

E*Trade Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019

Revenue

2.5b3.0b3.1b

Revenue growth, %

24%4%

Cost of goods sold

86.0m163.0m259.0m

Gross profit

2.4b2.9b2.9b

Gross profit Margin, %

96%95%92%

Sales and marketing expense

166.0m200.0m196.0m

General and administrative expense

546.0m621.0m670.0m

Operating expense total

1.5b1.5b1.6b

Depreciation and amortization

118.0m140.0m149.0m

Pre tax profit

1.1b1.4b1.3b

Income tax expense

450.0m366.0m364.0m

Net Income

614.0m1.1b955.0m

EPS

2.23.93.9

E*Trade Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

931.0m2.3b750.0m

Accounts Receivable

2.7b2.1b1.6b

PP&E

253.0m281.0m339.0m

Goodwill

2.4b2.5b2.5b

Total Assets

63.4b65.0b61.4b

Accounts Payable

52.2b55.4b51.5b

Long-term debt

991.0m1.4b1.4b

Total Debt

991.0m1.4b1.4b

Total Liabilities

56.4b58.4b54.9b

Common Stock

3.0m2.0m2.0m

Preferred Stock

689.0m689.0m689.0m

Additional Paid-in Capital

6.6b5.5b4.4b

Retained Earnings

(317.0m)684.0m1.5b

Total Equity

6.9b6.6b6.5b

Debt to Equity Ratio

0.1 x0.2 x0.2 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

9.1 x9.9 x9.4 x

E*Trade Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

614.0m1.1b955.0m

Depreciation and Amortization

262.0m244.0m225.0m

Cash From Operating Activities

1.1b1.7b2.8b

Purchases of PP&E

(102.0m)(112.0m)(149.0m)

Cash From Investing Activities

(13.6b)(190.0m)4.4b

Short-term Borrowings

500.0m(500.0m)

Long-term Borrowings

(1.0b)

Dividends Paid

(25.0m)(72.0m)(175.0m)

Cash From Financing Activities

11.4b45.0m(8.0b)

Net Change in Cash

(1.0b)1.5b(715.0m)

Interest Paid

126.0m157.0m255.0m

Income Taxes Paid

8.0m11.0m112.0m

E*Trade Ratios

USDFY, 2017

Revenue/Employee

679.8k

Debt/Equity

0.1 x

Financial Leverage

9.1 x

E*Trade Operating Metrics