VMware (VMW) Stock Price
VMware Price
Revenue has compounded at 21.7% per year over the past 18 years to 13.35 B USD. Earnings per share have grown at 16.4% per year over the last 18 years. VMware's net margin stands at 9.8%, down from 17.2% several years earlier. VMware currently offers a dividend yield of about 19.23%. The payout ratio is around 938% of earnings. The dividend has grown at 0.5% per year over the past 4 years.
VMware stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of VMware over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how VMware stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing VMware's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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VMware Revenue, EBIT, Net Income
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VMware Income Statement, Balance Sheet, Cash Flow Statement
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| 2013 | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.21 | 6.04 | 6.65 | 0.51 | 7.86 | 9.61 | 10.81 | 11.77 | 12.85 | 13.35 | 14.02 | 14.90 | 15.77 | 15.62 | 20.71 | 22.42 |
| 13.07 | 15.90 | 10.14 | -92.30 | 1,435.55 | 22.27 | 12.46 | 8.84 | 9.21 | 3.88 | 5.02 | 6.27 | 1.01 | -1.00 | 32.60 | 8.29 |
| 81.62 | 84.81 | 84.68 | 81.84 | 85.49 | 83.86 | 83.36 | 82.64 | 82.33 | 81.41 | 81.41 | 81.41 | 81.41 | 81.41 | 81.41 | 81.41 |
| 4.25 | 5.12 | 5.63 | 0.42 | 6.72 | 8.06 | 9.01 | 9.72 | 10.58 | 10.87 | 11.41 | 12.13 | 12.84 | 12.71 | 16.86 | 18.25 |
| 1.16 | 1.04 | 1.30 | -0.04 | 1.81 | 1.81 | 1.52 | 2.43 | 2.39 | 2.03 | 3.91 | 4.45 | 5.31 | 3.10 | – | – |
| 22.18 | 17.28 | 19.50 | -8.20 | 22.97 | 18.85 | 14.06 | 20.65 | 18.58 | 15.21 | 27.90 | 29.87 | 33.67 | 19.85 | – | – |
| 1.01 | 0.89 | 1.00 | -0.01 | 0.66 | 1.65 | 6.41 | 2.06 | 1.82 | 1.31 | 3.05 | 3.49 | 3.57 | 2.18 | 3.90 | 6.01 |
| 35.92 | -12.62 | 12.53 | -100.50 | -13,280.00 | 150.38 | 288.61 | -67.90 | -11.56 | -27.80 | 132.19 | 14.29 | 63.37 | -38.79 | 78.62 | 54.14 |
| – | – | – | – | 26.81 | – | – | 27.40 | – | – | – | – | – | – | – | – |
| 433.00 | 435.00 | 427.00 | 409.00 | 413.00 | 421.00 | 425.00 | 423.00 | 422.39 | 425.86 | 425.86 | 425.86 | 425.86 | 425.86 | 425.86 | 425.86 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales VMware generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue VMware retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare VMware's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares VMware has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against VMware's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
VMware stock margins
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VMware Stock Revenue, EBIT, Earnings per Share
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VMware business model & stock analysis
VMware SWOT Analysis
Strengths
1. Established brand image in the virtualization and cloud computing industry.
2. Extensive product portfolio with a wide range of virtualization solutions.
3. Strong customer base including large enterprises, government organizations, and small businesses.
4. Strategic partnerships with leading technology companies that enhance their product offerings.
Weaknesses
1. High dependence on software licensing and maintenance revenues, which may be impacted by market conditions.
2. Limited geographical presence compared to some competitors.
3. Relatively high cost of implementation and maintenance for some of their advanced products.
4. Vulnerable to cybersecurity threats due to the sensitive nature of their virtualization technologies.
Opportunities
1. Growing demand for cloud computing services presents an opportunity for VMware to expand its customer base.
2. Increasing adoption of virtualization technologies in emerging markets.
3. Potential for expansion into related markets such as cybersecurity and hybrid cloud solutions.
4. Rising trend of remote work and virtual collaboration can increase the need for VMware's virtualization solutions.
Threats
1. Intense competition from established players like Microsoft and open-source solutions.
2. Rapid technological advancements may lead to the emergence of disruptive technologies.
3. Economic downturns or budget constraints of potential customers impacting IT spending.
4. Compliance with changing data protection and privacy regulations.
VMware Employees
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VMware Segments
VMware Revenue by Segment (1/5)
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VMware Revenue by Segment (2/5)
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VMware Revenue by Segment (3/5)
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VMware Revenue by Segment (4/5)
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VMware Revenue by Segment (5/5)
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VMware Revenue by Region
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VMware Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
VMware historical P/E ratio, EBIT multiple, and P/S ratio
VMware annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
VMware shares outstanding
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VMware Dividend History
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VMware dividend payout ratio
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VMware Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 9/1/2023 | Maintained | Neutral | 51 | |
| 9/1/2023 | Maintained | Market Perform | – | |
| 8/31/2023 | Maintained | Neutral | 51 | |
| 8/31/2023 | Maintained | Market Perform | – | |
| 8/28/2023 | Downgrade | BuyNeutral | – | |
| 8/27/2023 | Downgrade | BuyNeutral | – | |
| 8/23/2023 | Maintained | Neutral | 51 | |
| 8/22/2023 | Maintained | Neutral | 51 | |
| 8/16/2023 | Maintained | Neutral | 31 | |
| 8/15/2023 | Maintained | Neutral | 31 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
VMware Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/30/2024 | 1.83USD | - | 3.50 BUSD | - | 2025 Q1 |
| 2/29/2024 | 2.16USD | - | 3.83 BUSD | - | 2024 Q4 |
| 11/20/2023 | 1.71USD | - | 3.52 BUSD | - | 2024 Q3 |
| 8/23/2023 | 1.82USD | - | 3.61 BUSD | - | 2024 Q2 |
| 5/24/2023 | 1.57USD | - | 3.39 BUSD | - | 2024 Q1 |
| 3/2/2023 | 1.97USD | - | 3.78 BUSD | - | 2023 Q4 |
| 11/29/2022 | 1.59USD | - | 3.40 BUSD | - | 2023 Q3 |
| 8/25/2022 | 1.59USD | - | 3.35 BUSD | - | 2023 Q2 |
| 5/26/2022 | 1.58USD | - | 3.23 BUSD | - | 2023 Q1 |
| 2/24/2022 | 1.99USD | - | 3.58 BUSD | - | 2022 Q4 |
EESG©
Eulerpool ESG Scorecard© for the VMware stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
VMware shareholder structure
| % | Name |
|---|---|
9.87433% | |
6.12094% | |
3.58942% | |
2.84034% | |
2.39409% | |
1.25167% |
VMware Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
80.60% | SEC ↗ | |
80.60% | SEC ↗ | |
80.60% | SEC ↗ | |
53.20% | SEC ↗ | |
18.30% | SEC ↗ | |
11.00% | SEC ↗ | |
10.00% | SEC ↗ | |
9.58% | SEC ↗ | |
8.50% | SEC ↗ | |
8.00% | SEC ↗ |
VMware Executives and Management Board
14 members · avg. age 60 · 36 % women
Mr. Rangarajan Raghuram (60)
Chief Executive Officer, Director · since 2012
13.21 M USD
Management
Mr. Sumit Dhawan (48)
President
Mr. Jean-Pierre Brulard (64)
Executive Vice President - Worldwide Sales
Ms. Amy Fliegelman Olli (59)
Executive Vice President, General Counsel, Company Secretary
Ms. Karen Dykstra (64)
Chief Financial Officer, Director · since 2016
Ms. Annemarie Montavon
Coordinator, Investor Relations · since 2022
Board of Directors
Mr. Paul Sagan (64)
Lead Independent Director
Mr. Michael Brown (77)
Independent Director
Mr. Anthony Bates (56)
Independent Director
Ms. Marianne Brown (64)
Independent Director
Mr. Kenneth Denman (64)
Independent Director
Ms. Nicole Anasenes (50)
Independent Director
Frequently asked questions about VMware
VMware Inc. operates under a software virtualization business model. This involves developing and providing solutions for virtualization and cloud infrastructure. VMware's business model centers around offering tools and software that enable organizations to virtualize their IT infrastructure, enhancing scalability, efficiency, and cost-effectiveness. By virtualizing data centers and enabling cloud-based services, VMware helps businesses optimize their operations, improve resource utilization, and streamline their IT processes. With a focus on virtualization software solutions and services, VMware Inc. aims to empower organizations to embrace digital transformation and accelerate their journey towards a more agile and responsive IT infrastructure.
VMware Inc is primarily active in the software industry. It specializes in virtualization and cloud computing software and services. With its innovative technologies and solutions, VMware enables businesses to streamline their IT infrastructure, enhance productivity, and reduce costs. As a global leader in virtualization software, VMware serves various industries including healthcare, finance, government, education, and more. Its extensive product portfolio includes VMware vSphere, VMware Horizon, VMware NSX, and many others, catering to the needs of diverse organizations worldwide.
The main competitors of VMware Inc in the market include Microsoft Corporation, Oracle Corporation, Citrix Systems Inc, and Red Hat Inc.
VMware Inc., a renowned software company, was founded in 1998 and is headquartered in Palo Alto, California. It specializes in providing virtualization and cloud computing solutions to businesses globally. Through their innovative software products and services, VMware helps organizations simplify their IT infrastructures, enhance operational efficiency, and reduce costs. As a pioneer in virtualization technology, VMware has revolutionized the industry by enabling the running of multiple operating systems on a single computer. With its extensive portfolio, VMware continues to be a leader in the virtualization space, empowering businesses to streamline their operations and realize the benefits of a software-defined approach to IT.
VMware Inc, a renowned software company, has achieved numerous significant milestones throughout its history. One of the key achievements was the development and introduction of virtualization technology, which revolutionized the IT industry. VMware also played a pivotal role in popularizing the concept of cloud computing, enabling organizations to efficiently manage and utilize their resources. Another milestone for VMware was its successful initial public offering (IPO) in 2007, which marked its transition into a publicly traded company. In recent years, the company has continued to innovate with the introduction of various software-defined data center solutions, further solidifying its position as a leader in the industry.
VMware Inc is primarily present in various countries and regions around the world. The company has a significant presence in the United States, where its headquarters are located in Palo Alto, California. In addition, VMware Inc operates in several other countries including Canada, Mexico, Brazil, the United Kingdom, Germany, France, Italy, Spain, Australia, China, India, Japan, and many more. With a global reach, VMware Inc serves customers and partners from diverse regions, ensuring widespread access to their innovative virtualization and cloud computing solutions.
VMware Inc represents innovation, collaboration, and customer-centricity as its core values. With a strong corporate philosophy of enabling digital transformation, VMware offers a wide range of software solutions and services that empower organizations to modernize their IT infrastructures. VMware's focus on developing cutting-edge technologies, such as virtualization and cloud computing, demonstrates their commitment to driving efficiency, agility, and scalability for businesses worldwide. By continuously delivering industry-leading solutions and prioritizing customer success, VMware Inc establishes itself as a trusted leader in the software industry, revolutionizing the way organizations leverage technology for growth and success.
18 analysts currently rate the VMware stock: 0 recommend buying, 13 holding and 5 selling. For 2026, analysts expect VMware to generate revenue of 15.77 B USD and earnings per share of 8.38 USD.
Converted at the current exchange rate, the VMware share trades at 123.13 EUR (142.48 USD).
The VMware share (VMW) is listed on 8 stock exchanges, including: NYSE (VMW), XETRA (BZF1.DE), Frankfurt (BZF1.F), München (BZF1.MU), Düsseldorf (BZF1.DU), London (0LQO.L), SIX (Zürich) (BZF1.SW), Wien (VMWA.VI).
VMware Inc. is an American company specializing in the development and distribution of software and virtualization solutions. The company was founded in 1998 and is headquartered in Palo Alto, California. VMware's business model is based on providing virtualization solutions for companies. This involves running multiple virtual machines on a physical server to maximize hardware resource utilization. Some of VMware's products include: - VMware vSphere: a virtualization platform for data centers - VMware Fusion and VMware Workstation: virtualization solutions for desktop computers - VMware Cloud: cloud management and automation solutions for companies - VMware Tanzu: a platform for developing and managing applications in containers or Kubernetes clusters - VMware Carbon Black: an endpoint security platform for protecting systems and data VMware also has partnerships with other companies to offer integrated solutions for customers. These partnerships include AWS, Dell EMC, IBM, and Microsoft Azure. VMware offers its products and services to both small and medium-sized businesses and large corporations. Industries that use VMware's virtualization solutions include healthcare, financial services, government and public administration, education, and the telecommunications and IT industries. VMware's business model is based on providing software services to help companies and organizations make their IT infrastructure more effective and efficient. VMware also provides training and certifications to help train and qualify employees in the use of virtualization solutions. The company reaches its customers through various sales channels, such as direct sales, partner networks, and online sales platforms. VMware also employs various marketing strategies, such as trade shows, webinars, newsletters, and social media campaigns, to reach potential customers. VMware's long-term goal is to become a leading provider of cloud infrastructure and digital workspace technologies, helping customers deploy their systems faster and more effectively while reducing IT costs. Overall, VMware's business model offers a range of advantages for companies, including higher utilization of IT resources, improved availability of IT services, easier system management, and lower total operating costs.
The expected revenue of VMware is 15.77 B USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of VMware is 3.57 B USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of VMware is currently 17.00. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the VMware stock.
The price-to-sales ratio (P/S) of VMware is currently 3.85. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the VMware stock.
The Eulerpool Quality Score for VMware is 5/10.
The ISIN of VMware is US9285634021. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of VMware is A0MYC8. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of VMware is VMW. The ticker symbol is used to trade VMware shares on the stock exchange.
The current dividend yield of VMware is 19.23 %.
VMware paid dividends every year for the past 0 years.
VMware is assigned to the 'Information technology' sector.
To receive the latest dividend of VMware from amounting to 27.4 USD, you needed to have the stock in your portfolio before the ex-date on .
The last dividend was paid out on .
The dividends of VMware are distributed in USD.
VMware stock
VMware Peer Group
VMware Ticker
VMware FIGI
All fundamentals and in-depth analysis of VMware
Our stock analysis for VMware stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of VMware. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.