NICE Ltd 6-K, filed Nov 4, 2026

NICE Ltd. (NICE)

6-K 2026-11-04 For: 2026-11-04

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Added on November 04, 2026

About this 6-K

NICE Ltd filed this 6-K on November 4, 2026.

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GAAP	Non-GAAP
Total revenue was $790.7 million and increased 8.0%*	Total revenue was $790.7 million and increased 8.0%*
Cloud revenue was $622.7 million and increased 10.6%*	Cloud revenue was $622.7 million and increased 10.6%*
Operating income was $120.6 million with operating margin of 15.3%	Operating income was $213.8 million with operating margin of 27.0%
Diluted EPS was $1.60	Diluted EPS was $2.84
Net cash provided by operating activities was $97.7 million

	September 30,		December 31,
	2026		2025
	Unaudited		Audited

ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$	312,307	$	379,388
Short-term investments		38,629		38,010
Trade receivables		896,932		737,954
Prepaid expenses and other current assets		293,985		223,780

Total current assets		1,541,853		1,379,132

LONG-TERM ASSETS:
Property and equipment, net		207,406		189,395
Deferred tax assets		180,156		198,213
Other intangible assets, net		481,223		587,599
Operating lease right-of-use assets		78,310		78,064
Goodwill		2,437,880		2,440,532
Prepaid expenses and other long-term assets		275,733		233,095

Total long-term assets		3,660,708		3,726,898

TOTAL ASSETS	$	5,202,561	$	5,106,030

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Trade payables	$	131,614	$	100,782
Deferred revenues and advances from customers		326,233		303,911
Current maturities of operating leases		13,188		13,742
Accrued expenses and other liabilities		669,550		469,192

Total current liabilities		1,140,585		887,627

LONG-TERM LIABILITIES:
Deferred revenues and advances from customers		43,623		61,392
Operating leases		70,561		75,059
Deferred tax liabilities		4,325		109,993
Other long-term liabilities		97,173		95,431

Total long-term liabilities		215,682		341,875

SHAREHOLDERS' EQUITY
Nice Ltd's equity		3,846,294		3,876,528

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	5,202,561	$	5,106,030

	Quarter ended					Year to date
	September 30,					September 30,
	2026		2025			2026			2025
	Unaudited		Unaudited			Unaudited			Unaudited

Revenue:
Cloud	$	622,669	$	562,942		$	1,835,083		$	1,630,087
Services		128,747		138,706			377,355			419,389
Product		39,325		30,351			129,213			109,427
Total revenue		790,741		731,999			2,341,651			2,158,903

Cost of revenue:
Cloud		230,523		189,661			669,562			555,106
Services		60,107		47,218			163,506			141,715
Product		6,906		6,051			19,570			19,790
Total cost of revenue		297,536		242,930			852,638			716,611

Gross profit		493,205		489,069			1,489,013			1,442,292

Operating expenses:
Research and development, net		101,462		90,463			301,763			269,327
Selling and marketing		197,371		161,864			582,913			493,097
General and administrative		73,775		75,968			252,990			210,333
Total operating expenses		372,608		328,295			1,137,666			972,757

Operating income		120,597		160,774			351,347			469,535

Financial and other expense (income), net		1,117		(21,136	)		(21,807	)		(51,806	)

Income before tax		119,480		181,910			373,154			521,341
Taxes on income		24,405		37,057			148,038			59,794
Net income	$	95,075	$	144,853		$	225,116		$	461,547

Earnings per share:
Basic	$	1.63	$	2.33		$	3.82		$	7.38
Diluted	$	1.60	$	2.29		$	3.77		$	7.26

Weighted average shares outstanding:
Basic		58,209		62,036			58,976			62,512
Diluted		59,306		63,161			59,762			63,574

	Quarter ended						Year to date
	September 30,						September 30,
	2026			2025			2026			2025
	Unaudited			Unaudited			Unaudited			Unaudited

Operating Activities

Net income	$	95,075		$	144,853		$	225,116		$	461,547
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		59,871			48,918			184,087			136,971
Share-based compensation and ESPP		52,445			35,834			140,505			116,481
Amortization of premium and discount and accrued interest on marketable securities		(174	)		5,838			(373	)		1,534
Deferred taxes, net		(19,856	)		15,997			(87,461	)		(9,297	)
Changes in operating assets and liabilities:
Trade Receivables, net		(60,627	)		(26,621	)		(160,010	)		(52,685	)
Prepaid expenses and other current assets		2,241			19,681			15,090			33,390
Operating lease right-of-use assets		3,181			2,309			9,436			11,135
Trade payables		22,957			11,596			27,829			(19,811	)
Accrued expenses and other current liabilities		(21,363	)		(35,295	)		71,383			(144,756	)
Deferred revenue		(30,856	)		(30,806	)		5,426			19,049
Realized gain on marketable securities, net		-			(4,463	)		-			(4,463	)
Operating lease liabilities		(4,867	)		(2,643	)		(14,708	)		(13,578	)
Amortization of discount on debt		-			361			-			1,210
Gains on intercompany foreign currency transactions		-			-			(17,835	)		-
Other		(299	)		4,941			1,146			166
Net cash provided by operating activities		97,728			190,500			399,631			536,893

Investing Activities

Purchase of property and equipment		(7,295	)		(7,258	)		(24,509	)		(15,504	)
Purchase of Investments		(6,507	)		(14,903	)		(27,654	)		(89,044	)
Proceeds from sales of marketable investments		7,066			1,064,132			26,949			1,198,906
Capitalization of internal use software costs		(21,419	)		(19,663	)		(64,202	)		(54,566	)
Payments for business acquisitions, net of cash acquired		-			(826,583	)		-			(863,049	)
Net cash provided by (used in) investing activities		(28,155	)		195,725			(89,416	)		176,743

Financing Activities

Proceeds from employee stock plans		24			15			11,614			1,023
Purchase of treasury shares		(72,191	)		(40,551	)		(383,395	)		(323,719	)
Payment of deferred financing costs		-			-			(3,303	)		-
Repayment of debt		-			(460,000	)		-			(460,000	)
Net cash used in financing activities		(72,167	)		(500,536	)		(375,084	)		(782,696	)

Effect of exchange rates on cash and cash equivalents		(683	)		(2,087	)		(1,245	)		4,199

Net change in cash, cash equivalents and restricted cash		(3,277	)		(116,398	)		(66,114	)		(64,861	)
Cash, cash equivalents and restricted cash, beginning of period	$	319,170		$	536,569		$	382,007		$	485,032

Cash, cash equivalents and restricted cash, end of period	$	315,893		$	420,171		$	315,893		$	420,171

Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheet:
Cash and cash equivalents	$	312,307		$	418,052		$	312,307		$	418,052
Restricted cash included in other current assets	$	3,586		$	2,119		$	3,586		$	2,119
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	315,893		$	420,171		$	315,893		$	420,171

	Quarter ended						Year to date
	September 30,						September 30,
	2026			2025			2026			2025
GAAP revenues	$	790,741		$	731,999		$	2,341,651		$	2,158,903
Non-GAAP revenues	$	790,741		$	731,999		$	2,341,651		$	2,158,903

GAAP cost of revenue	$	297,536		$	242,930		$	852,638		$	716,611
Amortization of acquired intangible assets on cost of cloud		(25,592	)		(17,177	)		(79,002	)		(45,782	)
Cost of cloud revenue adjustment (1,2)		(3,948	)		(2,910	)		(10,957	)		(9,381	)
Cost of services revenue adjustment (1)		(3,428	)		(2,431	)		(7,997	)		(7,127	)
Cost of product revenue adjustment (1)		-			(22	)		(16	)		(65	)
Non-GAAP cost of revenue	$	264,568		$	220,390		$	754,666		$	654,256

GAAP gross profit	$	493,205		$	489,069		$	1,489,013		$	1,442,292
Gross profit adjustments		32,968			22,540			97,972			62,355
Non-GAAP gross profit	$	526,173		$	511,609		$	1,586,985		$	1,504,647

GAAP operating expenses	$	372,608		$	328,295		$	1,137,666		$	972,757
Research and development (1,2)		(7,069	)		(4,762	)		(18,203	)		(12,633	)
Sales and marketing (1,2)		(21,412	)		(13,457	)		(44,628	)		(42,129	)
General and administrative (1,2)		(22,643	)		(22,469	)		(71,909	)		(58,951	)
Amortization of acquired intangible assets		(9,064	)		(6,859	)		(27,372	)		(18,508	)
Non-GAAP operating expenses	$	312,420		$	280,748		$	975,554		$	840,536

GAAP financial and other expense (income), net	$	1,117		$	(21,136	)	$	(21,807	)	$	(51,806	)
Amortization of discount on debt		-			(361	)		-			(1,210	)
Amortization of deferred financing costs		(275	)		-			(678	)		-
Realized gain on marketable securities, net		-			4,463			-			4,463
Gains on intercompany foreign currency transactions		-			-			17,835			-
Non-GAAP financial and other expense (income), net	$	842		$	(17,034	)	$	(4,650	)	$	(48,553	)

GAAP taxes on income	$	24,405		$	37,057		$	148,038		$	59,794
Tax adjustments re non-GAAP adjustments		20,306			10,043			(20,678	)		76,763
Non-GAAP taxes on income	$	44,711		$	47,100		$	127,360		$	136,557

GAAP net income	$	95,075		$	144,853		$	225,116		$	461,547
Amortization of acquired intangible assets		34,656			24,036			106,374			64,290
Share-based compensation (1)		53,723			37,380			144,725			121,220
Acquisition and divestiture related expenses (2)		4,777			8,671			8,985			9,066
Amortization of discount on debt		-			361			-			1,210
Amortization of deferred financing costs		275			-			678			-
Realized gain on marketable securities, net		-			(4,463	)		-			(4,463	)
Gains on intercompany foreign currency transactions		-			-			(17,835	)		-
Tax adjustments re non-GAAP adjustments		(20,306	)		(10,043	)		20,678			(76,763	)
Non-GAAP net income	$	168,200		$	200,795		$	488,721		$	576,107

GAAP diluted earnings per share	$	1.60		$	2.29		$	3.77		$	7.26

Non-GAAP diluted earnings per share	$	2.84		$	3.18		$	8.18		$	9.06

Shares used in computing GAAP diluted earnings per share		59,306			63,161			59,762			63,574

Shares used in computing non-GAAP diluted earnings per share		59,306			63,161			59,762			63,574

NICE LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
U.S. dollars in thousands (except per share amounts)

(a) Free cash flow from continuing operations is defined as operating cash flows from continuing operations less capital expenditures of the continuing operations and less capitalization of internal use software costs.