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U.S. Software Industry Analysis

UpdatedAug 28, 2025
DataAggregated Company Financials
Companies408
  • 7D0.9%
  • 3M8.5%
  • 1Y27.0%
  • YTD15.1%

The Software industry has been flat over the last week, but Intuit has lost 5.1%. The past year has been better, since the industry has gained 27% in that time. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the U.S. Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Aug 2025US$7.4tUS$615.8bUS$150.8b35.1x48.8x11.9x
Sat, 26 Jul 2025US$7.5tUS$597.2bUS$130.9b45.7x57.5x12.6x
Mon, 23 Jun 2025US$7.0tUS$599.0bUS$131.1b40.7x53.5x11.7x
Wed, 21 May 2025US$6.8tUS$591.1bUS$131.4b36.1x51.4x11.4x
Fri, 18 Apr 2025US$5.5tUS$580.5bUS$131.7b30x41.9x9.5x
Sun, 16 Mar 2025US$5.9tUS$582.9bUS$131.2b28.1x44.7x10.1x
Tue, 11 Feb 2025US$6.5tUS$586.3bUS$132.4b42.9x49x11.1x
Thu, 09 Jan 2025US$6.4tUS$569.1bUS$129.0b39x49.3x11.2x
Sat, 07 Dec 2024US$6.8tUS$566.7bUS$128.2b43.4x52.9x12x
Mon, 04 Nov 2024US$6.0tUS$561.9bUS$126.3b39x47.5x10.7x
Wed, 02 Oct 2024US$6.0tUS$551.7bUS$124.1b38.4x48.8x11x
Fri, 30 Aug 2024US$5.7tUS$551.3bUS$122.0b37.8x47x10.4x
Sun, 28 Jul 2024US$5.8tUS$532.0bUS$117.8b40.7x49x10.8x
Tue, 25 Jun 2024US$5.9tUS$531.3bUS$118.0b40.7x50.1x11.1x
Thu, 23 May 2024US$5.4tUS$474.6bUS$105.3b42.5x51.4x11.4x
Sat, 20 Apr 2024US$5.1tUS$466.6bUS$98.4b42x51.9x10.9x
Mon, 18 Mar 2024US$5.3tUS$471.0bUS$98.1b45.8x54.4x11.3x
Wed, 14 Feb 2024US$5.3tUS$464.6bUS$90.2b41.8x58.8x11.4x
Fri, 12 Jan 2024US$5.2tUS$486.2bUS$82.2b45.8x63.3x10.7x
Sun, 10 Dec 2023US$5.1tUS$485.6bUS$82.5b47.1x61.3x10.4x
Tue, 07 Nov 2023US$4.7tUS$481.3bUS$79.0b43x58.9x9.7x
Thu, 05 Oct 2023US$4.4tUS$477.3bUS$73.4b44.8x60.6x9.3x
Sat, 02 Sep 2023US$4.6tUS$475.8bUS$72.6b44.8x63.4x9.7x
Mon, 31 Jul 2023US$4.6tUS$466.2bUS$64.9b47.7x70.8x9.9x
Wed, 28 Jun 2023US$4.4tUS$460.6bUS$62.3b44.2x71.2x9.6x
Fri, 26 May 2023US$4.1tUS$458.2bUS$61.4b40.5x67x9x
Sun, 23 Apr 2023US$3.9tUS$453.7bUS$60.6b42.4x64.4x8.6x
Tue, 21 Mar 2023US$3.7tUS$453.6bUS$59.7b42.5x62.5x8.2x
Thu, 16 Feb 2023US$3.7tUS$437.3bUS$58.1b43.3x64.3x8.5x
Sat, 14 Jan 2023US$3.3tUS$434.5bUS$60.2b39.9x55.1x7.6x
Mon, 12 Dec 2022US$3.3tUS$433.7bUS$60.9b43.9x54.6x7.7x
Wed, 09 Nov 2022US$3.0tUS$421.6bUS$62.7b40.4x47.8x7.1x
Fri, 07 Oct 2022US$3.4tUS$412.2bUS$64.7b39.9x52.4x8.2x
Sun, 04 Sep 2022US$3.5tUS$412.7bUS$65.0b43.9x54.3x8.6x
Price to Earnings Ratio

54.3x


Total Market Cap: US$3.5tTotal Earnings: US$65.0bTotal Revenue: US$412.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Software Industry Price to Earnings3Y Average 55.6x202320242025
Current Industry PE
  • Investors are pessimistic on the American Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 48.8x which is lower than its 3-year average PE of 55.6x.
  • The 3-year average PS ratio of 10.1x is lower than the industry's current PS ratio of 11.9x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 32% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market1.88%
Tech2.39%
Software0.88%
Application Software1.32%
Systems Software0.69%
Industry PE
  • Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings growth of 20.1% per year.
  • Investors are most pessimistic about the Systems Software industry, which is trading close to its 3-year average of 38.7x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MSFT MicrosoftUS$506.740.5%
+US$18.6b		22.7%PE37x
APP AppLovinUS$462.9410.6%
+US$14.9b		405.3%PE62.3x
ORCL OracleUS$235.811.1%
+US$7.4b		69.1%PE53.2x
CRM SalesforceUS$250.161.5%
+US$3.5b		-3.4%PE38.5x
PANW Palo Alto NetworksUS$187.612.3%
+US$2.9b		4.7%PE110.5x

Latest News

U
US$40.34
Unity Software
7D
12.6%
1Y
145.1%
ORCL
US$235.81
Oracle
7D
1.1%
1Y
69.1%
INTU
US$663.17
Intuit
7D
-5.1%
1Y
7.5%

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FIG
US$69.88
Figma
7D
-5.6%
1Y
n/a

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MSFT
US$506.74
Microsoft
7D
0.5%
1Y
22.7%
NOW
US$887.98
ServiceNow
7D
1.3%
1Y
6.8%
ZM
US$80.96
Zoom Communications
7D
12.2%
1Y
14.5%
CRCL
US$127.40
Circle Internet Group
7D
-7.6%
1Y
n/a
ROP
US$528.66
Roper Technologies
7D
-2.2%
1Y
-3.9%
CRM
US$250.16
Salesforce
7D
1.5%
1Y
-3.4%
PANW
US$187.61
Palo Alto Networks
7D
2.3%
1Y
4.7%
APP
US$462.94
AppLovin
7D
10.6%
1Y
405.3%
ADSK
US$285.95
Autodesk
7D
-0.9%
1Y
12.3%
GEN
US$30.74
Gen Digital
7D
-2.2%
1Y
17.2%
VERB
US$15.03
Verb Technology Company
7D
-27.5%
1Y
6.0%
BMNR
US$46.03
Bitmine Immersion Technologies
7D
-3.6%
1Y
298.2%