At a glance
Gen Digital Inc. is worth $17.73B, about 19 times its fiscal 2026 earnings. Revenue grew 27.1% to $5.00B in fiscal 2026, with 19.5% kept as profit; over 5 years it has grown 14.4% a year. It pays a 1.74% dividend yield, and returned $3.82B to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned +15.7% over the past year with dividends reinvested, against +11.5% for the S&P 500.
The business in plain English
Gen Digital sells consumer cyber safety software and personal finance tools. Its brands include Norton, Avast, LifeLock and MoneyLion. The company was formerly called NortonLifeLock and, before that, Symantec. Its products cover device security, online privacy, identity protection, credit monitoring and financial wellness for individuals, families and small businesses. As of April 3, 2026, Gen had about 500 million users in more than 150 countries, and about 79 million of them were paying customers.
Paid products are sold as subscriptions, mostly on annual terms, with some monthly plans. Gen sells directly through its websites and mobile apps. It also sells through partners such as retailers, telecom providers and employee benefit providers. It gives away free basic versions, notably under the Avast brand, and tries to turn those users into paying customers, a model known as freemium. Its financial offerings include earned wage access (early access to pay already earned) and consumer loans from its lending subsidiaries. The Engine by Gen marketplace, added with MoneyLion, links consumers with over 600 third-party lending, insurance, credit and banking providers.
In the fiscal year ended April 3, 2026, revenue was $5.0 billion, up 27.1%. The Cyber Safety Platform segment supplied 66.8% and Trust-Based Solutions supplied 33.2%. The Americas produced 70.7% of revenue; Europe, the Middle East and Africa 21.2%; and Asia Pacific and Japan 8.1%.
Price history
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GEN +15.7% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Cyber Safety Platform | $3.34B | 66.8% |
| Trust-Based Solutions | $1.66B | 33.2% |
By geography
| Americas | $3.53B | 70.7% |
| EMEA | $1.06B | 21.2% |
| APJ | $406.0M | 8.1% |
Latest results
- In Q2 FY2027 (ended Oct 2, 2026), revenue was $1.37B, up 12.2% from a year earlier, and net income was $287.0M (+114.2%).
- For fiscal 2026, revenue was $5.00B (+27.1% year over year; +14.4% a year from FY2021 to FY2026) with a 19.5% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +14.4% good |
|---|---|
| Operating margin | 42.4% good |
| Free cash flow margin | 30.5% good |
| Return on equity (FY2026) | 37.3% good |
| Return on assets (FY2026) | 6.2% watch |
| Net cash (cash minus debt) | $-7.53B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.55B | $554.0M | $700.0M |
| FY2022 | $2.80B | $836.0M | $968.0M |
| FY2023 | $3.32B | $1.33B | $751.0M |
| FY2024 | $3.80B | $607.0M | $2.04B |
| FY2025 | $3.94B | $643.0M | $1.21B |
| FY2026 | $5.00B | $973.0M | $1.52B |
Valuation snapshot
| Market value | $17.73B |
|---|---|
| P/E ratio | 19 |
| Dividend yield | 1.74% |
Rank among 1514 US companies
Market value at each year end
Gen Digital’s market value went from $13.96B at the end of 2022 to $17.73B on Nov 2, 2026, up 27%; since the end of 2025 it is up 6%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $17.73B | +5.8% |
| 2025 | $16.77B | -0.6% |
| 2024 | $16.87B | +15.4% |
| 2023 | $14.62B | +4.7% |
| 2022 | $13.96B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| GEN price data to Nov 2, 2026 | +11.7% | +15.7% | +22.8% | — | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +11.7% |
| 2025 | +1.1% |
| 2024 | +22.5% |
| 2023 | +9.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 1 open-market purchases ($81K) and 8 sales ($18.8M), 1 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 27, 2026 | Ondrej Vlcek Director | sell | $6.0M |
| Aug 25, 2026 | Ondrej Vlcek Director | sell | $4.4M |
| Aug 19, 2026 | Ondrej Vlcek Director | sell | $2.8M |
| Jun 10, 2026 | Ondrej Vlcek Director | sell | $2.5M |
| Aug 21, 2026 | Ondrej Vlcek Director | sell | $1.4M |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 8.1% | Mar 31, 2025 |
| FMR LLC | 7.7% | Jun 30, 2026 |
| Vanguard Capital Management | 6.79% | Mar 31, 2026 |
| STATE STREET CORPORATION | 5.2% | Jun 30, 2026 |
| Vanguard Portfolio Management | 4.96% | Sep 30, 2026 |
ETFs with the most weight in GEN
| FPXE First Trust IPOX Europe Equity Opportunities ETF | 4.94% |
| BUG Global X Cybersecurity ETF | 4.9% |
| FPXI First Trust International Equity Opportunities ETF | 4.21% |
| HACK Amplify Cybersecurity ETF | 3.99% |
| CIBR First Trust NASDAQ Cybersecurity ETF | 3.92% |
| FCFY First Trust S&P 500 Diversified Free Cash Flow ETF | 3.11% |
| CALF Pacer US Small Cap Cash Cows ETF | 2.04% |
| FLOW Global X U.S. Cash Flow Kings 100 ETF | 1.99% |
What could go wrong
- Dependence on Broadcom for key services. Gen relies on Broadcom for certain engineering and threat response services that it calls critical to many of its products. A disruption in that relationship could hurt its products and business.
- Consumer lending adds legal and funding risks. Loans from Gen's lending subsidiaries must meet federal and state interest rate limits and licensing rules. Violations, lost funding sources or a weak economy hurting MoneyLion's customers could damage results.
- Heavy debt reduces financial flexibility. As of July 3, 2026, Gen had about $8.16 billion of debt and $564 million of cash and investments. Its credit agreement restricts operations, and high debt leaves less room in a downturn.
- Big tech rivals and free alternatives. Rivals include operating system and platform providers, many with greater resources and some able to offer protection free. Operating system and browser companies have also limited how well Gen's software works with their products.
- A breach would hit a security brand. Gen's own products, systems and websites have faced cybersecurity incidents before. For a company that sells protection, a serious breach or product failure could badly damage trust and future sales.
- Keeping subscribers and converting free users. Results depend on renewals and on turning free users into paying ones. As of April 3, 2026, about 79 million of roughly 500 million users paid. Competition may also force pricing changes.
Recent events
- Quarterly results released
- Executive or board change; Investor presentation or announcement
- Investor presentation or announcement
- Shareholder vote results
- Quarterly results released
- Quarterly results released; Other company announcement
- Major agreement signed
- Quarterly results released
- Executive or board change
- Quarterly results released
For income and retirement investors
Gen Digital pays a dividend, but it has not grown. The regular payout was $0.50 per share in every fiscal year from FY2021 through FY2026, so its buying power shrinks as prices rise. In FY2026 the dividend took 32.1% of earnings and 20.5% of free cash flow (the cash left after running and investing in the business). The yield was 2.14% as of October 28, 2026. Over FY2022–FY2026, Gen spent $2.25 billion buying back its own shares and $1.57 billion on dividends. Even so, the share count rose 2.9% from October 2021 to August 2026. Debt of $8.16 billion as of July 3, 2026 also competes for cash.
Our price history covers about four years, too short to show how the stock behaved in the 2008 crisis, the 2020 COVID crash or the 2022 bear market. Through October 28, 2026, its deepest fall in that span was 43.6%. Like any single stock, Gen carries more risk than a diversified fund.
Questions investors ask
How does Gen Digital make money?
Gen Digital makes most of its money from consumer cyber safety products sold under brands such as Norton, Avast and LifeLock, mostly as subscriptions on annual terms. In the fiscal year ended April 3, 2026, the Cyber Safety Platform segment brought in $3.34 billion of $5.0 billion in revenue, or 66.8%. Trust-Based Solutions supplied the other 33.2%. Through MoneyLion and the Engine by Gen marketplace, Gen also offers financial products and connects consumers with over 600 third-party financial providers.
Is Gen Digital the same company as NortonLifeLock?
Yes. Gen Digital Inc. was formerly named NortonLifeLock Inc., and before that Symantec Corp. Norton and LifeLock are still among its main brands, alongside Avast and MoneyLion. The company is incorporated in Delaware, and its shares trade on Nasdaq under the symbol GEN. One caution for anyone comparing old and new figures: revenue from FY2018 onward was restated in later filings. Earlier years are on an older basis, so long-term growth comparisons start at FY2018.
Does Gen Digital raise its dividend every year?
No. Gen Digital paid a regular dividend of $0.50 per share in each fiscal year from FY2021 through FY2026, with no increases. FY2020 included what appears to be a special dividend. The payout is modest next to profits: in FY2026 it used 32.1% of earnings and 20.5% of free cash flow. The yield was 2.14% as of October 28, 2026. The stock may suit investors who value a steady payout more than a rising one.
How much debt does Gen Digital have?
Gen Digital had about $8.16 billion of total debt as of July 3, 2026, against $564 million of cash and investments. That leaves net debt of roughly $7.59 billion. Shareholders' equity was $2.66 billion. The company lists its substantial debt as a risk because it could limit flexibility, and its credit agreement imposes operating and financial restrictions. For context, free cash flow was $1.52 billion in the fiscal year ended April 3, 2026.
How has Gen Digital stock performed?
The answer depends on the period. As of October 28, 2026, the share price was down 6.9% over one year and 9% year to date. Over three years it was up 57%, about 16.2% a year. Calendar-year price returns were 9.37% in 2023, 22.5% in 2024 and 1.14% in 2025. The ride has been bumpy: the stock fell as much as 35.5% in the year to October 28, 2026, and its deepest drop over three years was 43.6%.