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Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

☑Form ~~ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~10-K/A

(Amendment No. 1)

x	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended March 31, 2026

~~☐ TRANSITION REPORT PURSUANT TO SECTION 13~~ OR ~~15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No. 000-17948

ELECTRONIC ARTS INC.

Delaware

94-2838567

(State or other jurisdiction ofincorporation or organization)

(I.R.S. EmployerIdentification No.)

209 Redwood Shores Parkway

94065

Redwood City

California

(Zip Code)

(Address of principal executive offices)

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code:

Delaware	94-2838567
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

209 Redwood Shores Parkway
Redwood City California	94065
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (650) 628-1500

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol		Name of Each Exchange on Which Registered
Common Stock, $0.01 par value		EA		Nasdaq Global Select Market

Securities registered pursuant to Section 12(g) of the Act: None

~~None~~Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No o

Indicate by check mark if the registrant is anot ~~well-known~~required ~~seasoned~~to ~~issuer,~~file reports aspursuant ~~defined~~to inSection 13 ~~Rule~~or ~~405~~Section 15(d) of the ~~Securities~~ Act. Yes þ o No ¨þ

Indicate by check mark ifwhether the registrant is(1) has ~~not~~filed all reports required to ~~file~~be ~~reports~~filed ~~pursuant~~by to Section 13 or ~~Section~~ 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ¨ þ No þo

Indicate by check mark whether the registrant ~~(1)~~ has ~~filed~~submitted electronically, ~~all~~every ~~reports~~Interactive Data File required to be ~~filed~~submitted bypursuant ~~Section 13~~to orRule ~~15(d)~~405 of ~~the~~Regulation ~~Securities~~S-T ~~Exchange~~(§ ~~Act~~232.405 of ~~1934~~this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to ~~file~~submit such ~~reports~~files)~~, and (2) has been subject to such filing requirements for the past 90 days~~. Yes þ No ¨o

Indicate by check mark whether the registrant ~~has~~is ~~submitted~~a ~~electronically~~large accelerated filer, ~~every~~an ~~Interactive~~accelerated ~~Data~~filer, ~~File~~a ~~required~~non-accelerated tofiler, bea ~~submitted~~smaller ~~pursuant~~reporting tocompany, ~~Rule~~or ~~405~~an ofemerging ~~Regulation~~growth ~~S-T~~company. (§See ~~232.405~~the definitions of ~~this~~“large ~~chapter)~~accelerated ~~during~~filer,” ~~the~~“accelerated ~~preceding~~filer,” 12“smaller ~~months~~reporting ~~(or~~company,” ~~for~~and ~~such~~“emerging growth ~~shorter~~company” ~~period~~in ~~that~~Rule ~~the~~12b-2 ~~registrant~~of ~~was~~the ~~required~~Exchange ~~to submit such files)~~Act. ~~Yes þ No ¨~~

Large Accelerated Filer þ Accelerated filer ¨o Non-accelerated filer ¨o Smaller reporting company ¨o Emerging growth company ¨o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ o

Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ o No þ

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ¨ o

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ¨ o

The aggregate market value of the registrant’s common stock, $0.01 par value, held by non-affiliates of the registrant as of September 26, 2025, the last business day of our second fiscal quarter, was $48,323 million.

As of ~~May 6~~July 25, 2026, there were ~~250~~252,~~751~~383,~~484~~ 840 shares of the registrant’s common stock, $0.01 par value, outstanding.

~~Table~~Explanatory ~~of Contents~~Note

~~Documents~~As ~~Incorporated~~previously announced, on September 28, 2025, Electronic Arts Inc. (“Electronic Arts” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by ~~Reference~~and among the Company, Oak-Eagle AcquireCo, Inc., a Delaware corporation (“Parent”), and Oak-Eagle MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”) pursuant to which the Company is to be acquired by an investor consortium comprised of The Public Investment Fund (“PIF”), private investment funds affiliated with Silver Lake Group, L.L.C. (“Silver Lake”) and private investment funds affiliated with Affinity Partners (“Affinity,” and, together with PIF and Silver Lake, the “Consortium”). On the terms and subject to the conditions of the Merger Agreement, Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Parent.

~~Portions~~The ofCompany ~~the~~is ~~registrant’s~~filing ~~definitive~~this ~~proxy~~Amendment ~~statement~~No. ~~for~~1 ~~its~~to ~~2026~~Form 10-K/A ~~Annual Meeting of Stockholders~~ (the “~~2026 Proxy~~Amendment”), ~~are~~which ~~incorporated~~amends bythe ~~reference~~Annual ~~into~~Report ~~Part~~on ~~III~~Form ~~hereof.~~10-K ~~The~~(the ~~2026~~“Original ~~Proxy~~Report”) isof ~~expected~~the Company tofor bethe ~~filed~~year ~~not~~ended ~~later~~March ~~than~~31, ~~120~~2026, ~~days~~which ~~after~~was ~~the~~originally ~~registrant’s~~filed ~~fiscal~~with ~~year~~the ~~end.~~Securities ~~Except~~and ~~with~~Exchange ~~respect~~Commission to(the “SEC”) ~~information~~on ~~specifically~~May ~~incorporated~~11, by2026. ~~reference~~This ~~into~~Amendment ~~this~~is ~~Form~~being ~~10-K,~~filed ~~the~~to ~~2026~~amend ~~Proxy~~Part isIII ~~not~~to ~~deemed~~include toinformation berequired ~~filed~~by asItems 10 ~~part~~through ~~hereof~~14.

~~Table~~In addition, Item 15 of ~~Contents~~Part IV has been amended solely to include new certifications by our principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. The certifications of our principal executive officer and principal financial officer are filed with this Amendment as Exhibits 31.1 and 31.2 hereto. Additionally, we are not including the certification under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements are being filed with this Amendment.

Except as described above, this Amendment does not amend, update or change any other items or disclosures in the Original Report and does not purport to reflect any information or events subsequent to the filing thereof. As such, this Amendment speaks only as of the date the Original Report was filed, and we have not undertaken herein to amend, supplement or update any information contained in the Original Report to give effect to any subsequent events. Accordingly, this Form 10-K/A should be read in conjunction with our filings made with the SEC subsequent to the filing of the Original Report, including any amendment to those filings.

ELECTRONIC ARTS INC.

2026 FORM 10-K/A ANNUAL REPORT

Table of Contents

		Page		~~Page~~
			PART I
PART III
Item 1			Business	3
Item 10	Directors, Executive Officers and Corporate Governance	4
Item 1A			Risk Factors	8
Item 11	Executive Compensation	13
Item 1B			Unresolved Staff Comments	18
Item 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	39
Item 1C			Cybersecurity	18
Item 13	Certain Relationships and Related Transactions, and Director Independence	41
Item 2			Properties	18
Item 14	Principal Accounting Fees and Services	41
Item 3			Legal Proceedings	18
Item 4			Mine Safety Disclosures	18
			PART II
Item 5			Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	19
Item 6			[Reserved]	20
Item 7			Management’s Discussion and Analysis of Financial Condition and Results of Operations	21
Item 7A			Quantitative and Qualitative Disclosures About Market Risk	32
Item 8			Financial Statements and Supplementary Data	34
Item 9			Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	82
Item 9A			Controls and Procedures	82
Item 9B			Other Information	83
			PART III
Item 10			Directors, Executive Officers and Corporate Governance	84
Item 11			Executive Compensation	84
Item 12			Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	84
Item 13			Certain Relationships and Related Transactions, and Director Independence	84
Item 14			Principal Accounting Fees and Services	84
			PART IV
Item 15			Exhibits and Financial Statements	84
Exhibit Index				85
Signatures				88

PART IV

Exhibit Index	44
Signatures	45

Table of Contents

CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K/A contains forward-looking statements. We use words such as “anticipate”, “believe”, “expect”, “intend”, “estimate”, “plan”, “predict”, “seek”, “goal”, “will”, “may”, “likely”, “should”, “could”, “continue”, “potential” (and the negative of any of these terms), “future” and similar expressions to identify forward-looking statements. In addition, any statements that refer to projections of our future financial performance, trends in our business, projections of markets relevant to our business, the Merger ~~(as defined herein)~~, uncertain events and assumptions and other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements consist of, among other things, statements related to our business, operations and financial results, industry prospects, our future financial performance, and our business plans and objectives, and may include certain assumptions that underlie the forward-looking statements. These forward-looking statements are not guarantees of future performance and reflect management’s current expectations. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that might cause or contribute to such differences include those discussed in Part I, Item 1A of ~~this~~our Annual Report for the fiscal year ended March 31, 2026 under the heading “Risk Factors” beginning on Page 8. We assume no obligation to revise or update any forward-looking statement for any reason, except as required by law.

PART I

Item 1: Business

Overview

What We Offer

We create innovative games and experiences that deliver high-quality interactive entertainment and drive engagement across our global network of hundreds of millions of players. We are focusing on building games and experiences that grow the global online communities around our key franchises; deepening engagement through connecting interactive storytelling to key intellectual property; and harnessing our communities to grow in, around, and beyond our games. We develop and publish games and experiences across diverse genres, such as sports, racing, first-person shooter, action, role-playing and simulation. We believe that our creative talent, production capabilities, broad portfolio of owned and licensed IP, and technological foundation, coupled with our network of hundreds of millions of players, provide us with strategic advantages.

Through our live services offerings, we offer high-quality experiences designed to provide value to players and extend and enhance gameplay. These live services include extra content, subscription offerings and other revenue generated outside of the sale of our full games. Our digital live services and other net revenue represented 71 percent of our total net revenue during fiscal year 2026. We offer live services through our global football and American football franchises (which includes EA SPORTS College Football and EA SPORTS Madden NFL) and based on our iconic IP such as The Sims, Apex Legends and Battlefield. Our most popular live services are the extra content in the Ultimate Team mode associated with our sports franchises. Ultimate Team allows players to collect current and former players in order to build and compete as a personalized team. Live services net revenue generated from extra content purchased within Ultimate Team, a substantial portion of which was derived from FC Ultimate Team, is material to our business.

Our players engage with our products and services on consoles, PCs and mobile devices. Players can access our products and services through traditional single-game purchase or through subscription offerings; and certain of our products and services are available through a “free-to-play” model whereby players download the game for free and engage with services provided on an ongoing basis. For example, we develop products and services within the EA SPORTS FC franchise that allow players to engage through multiple business models, distribution channels and devices, including: (1) our annualized console and PC games and associated experiences, which can be purchased through both digital distribution and retail channels and also are available through subscription services; (2) a mobile free-to-play offering; and (3) a PC free-to-play game available in certain countries. Revenue from our EA SPORTS FC franchise, as well as revenue from our American football franchise, is material to our business and will continue to be so.

Distribution of Products and Services

Console. We primarily distribute our console products and services through partners, such as Sony and Microsoft. Under the terms of publishing agreements our products and services are developed, marketed, published, and distributed with PlayStation

~~Table~~PART ~~of Contents~~III

~~and~~Item ~~Xbox~~10: ~~consoles. Our direct sales to Sony and Microsoft represented approximately 39 percent and 16 percent of total net revenue~~Directors, ~~respectively,~~Executive inOfficers ~~fiscal year 2026. Under these agreements, we have the non-exclusive right to use, for a fixed term~~ and inCorporate a designated territory, technology that is owned or licensed by them to publish our games on their respective consoles. With respect to our digitally-delivered products and services, the console manufacturers pay us either a wholesale price or a royalty percentage on the revenue they derive from their sales of our products and services. Our transactions for packaged goods products are made pursuant to individual purchase orders, which are accepted on a case-by-case basis. Our packaged goods games are sold directly to mass market retailers, specialty stores and through distribution arrangements. For packaged goods products, we pay the console manufacturers a per-unit royalty for each unit manufactured. Many key commercial terms of our relationships with Sony and Microsoft — such as manufacturing terms, delivery times, policies and approval conditions — are determined unilaterally, and are subject to change by the console manufacturers.Governance

~~Our~~Executive publishing agreements also require us to indemnify the console manufacturers for any loss, liability and expense resulting from any claim against the console manufacturer regarding our products and services, including any claims for patent, copyright or trademark infringement brought against the console manufacturers. Each agreement may be terminated by the console manufacturers if a breach or default by us is not cured after we receive written notice from the console manufacturers, or if we become insolvent. The console manufacturers are not obligated to enter into license agreements with us for any future consoles, products or services.Officers

~~Mobile~~Information ~~and~~regarding ~~PC. We distribute~~ our ~~mobile~~executive ~~applications~~officers is ~~and~~furnished ~~additional~~in content through distributors such as Apple and Google. Our applications are downloaded for mobile devices from third party application storefronts. The distributor collects payment from consumers for content purchased within the application or charges consumers a ~~one-time~~separate ~~fee~~item tocaptioned ~~download~~“Information ~~the~~about application. Our distribution agreements establish the amounts that are retained by the distributor and the amounts passed through to us. These arrangements are typically terminable on short notice. The agreements generally do not obligate the distributors to market or distribute any of our ~~applications.~~Executive ~~Application~~Officers” ~~storefront~~included ~~policies~~in ~~are~~Part ~~determined~~I ~~unilaterally~~in by the ~~distributors~~Original ~~and are subject to change~~Report.

~~Our~~Board PCof ~~products~~Directors and services can be downloaded directly through the EA app, and EA’s digital storefront, as well as through third-party online download stores, such as Steam. We also have agreements with companies, such as Tencent Holdings Limited, Nexon Co., Ltd and Garena Online Private Limited, or their respective affiliates, that allow these companies to publish our mobile and PC free-to-play games in certain countries. Our players access games from the publishers’ online storefronts and are charged for additional content purchased within our game environment. The agreements generally establish the amounts that are retained by the publisher and the amounts passed through to us.

~~Competition~~The following is a brief overview of the business experience of each of our directors:

~~The~~Kofi ~~market~~A. ~~for~~Bruce ~~interactive~~Independent ~~entertainment~~Chief isFinancial ~~intensely~~Officer, ~~competitive~~General ~~and~~Mills, ~~changes~~Inc. ~~rapidly~~Age: as56 ~~new~~Director ~~products,~~since: ~~business~~2021 ~~models~~Board ~~and~~Committees: ~~distribution~~Audit ~~channels~~(Chair) ~~are~~Other ~~introduced.~~Public WeCompany ~~also~~Directorships: ~~face~~None ~~competition~~Public ~~for~~Company ~~the~~Directorships ~~right~~in toPast ~~license~~5 ~~certain~~Years: ~~intellectual~~None ~~property~~Key ~~included~~Qualifications: ~~in our products~~Mr. InBruce ~~order~~brings to ~~remain~~the ~~successful,~~Board weof ~~are~~Directors ~~required~~skills related to ~~anticipate~~financial strategy, risk management and ~~commit~~senior leadership from his experience as a current public company Chief Financial Officer. Prior to, ~~sometimes~~his ~~years~~appointment inas ~~advance~~Chief Financial Officer, ~~the~~Mr. ~~ways~~Bruce had a 20-year career in ~~which~~finance ~~our~~leadership ~~products~~roles, ~~and~~including ~~services~~Treasury, ~~will~~Accounting ~~compete~~and inControllership ~~the~~functions ~~market~~at public companies. WeIn ~~face~~present ~~significant~~and ~~competition~~prior ~~from~~roles, ~~companies~~he ~~that~~gained ~~focus~~significant onexperience ~~developing~~overseeing ~~products~~financial ~~and~~statement ~~services~~preparation, ~~available~~capital onallocation ~~consoles~~strategies, ~~PCs~~and the relationship with internal and~~/or~~ ~~mobile~~external ~~devices~~audit functions. InThese ~~addition,~~experiences weprovide ~~compete~~Mr. Bruce with ~~large,~~critical ~~diversified~~skills ~~companies~~and ~~that~~experiences ~~have~~central ~~strengthened~~to ~~their~~his ~~interactive~~role ~~entertainment~~as ~~capabilities~~Chair of the Audit Committee. ~~Their~~In ~~greater~~addition, ~~financial~~Mr. ~~and~~Bruce ~~other~~brings ~~resources~~to ~~may~~the ~~provide~~Board ~~larger~~of ~~budgets~~Directors tohis ~~develop~~skills and ~~market~~experience ~~tools,~~with ~~technologies,~~operational ~~products~~strategies and ~~services~~risk ~~that~~management ~~gain~~associated with consumer-facing ~~success~~businesses ~~and~~with ~~shift~~global ~~player~~operations. ~~time~~Background and ~~engagement~~Affiliations: ~~away~~● ~~from~~Chief ~~our~~Financial ~~products~~Officer, ~~and~~General ~~services~~Mills, Inc., Wea ~~also~~global ~~continue~~manufacturer toand ~~expect~~marketer ~~new~~of ~~entrants~~branded toconsumer ~~emerge~~foods, as2020-present ~~advances~~● inVice ~~technology~~President, Finance and ~~artificial~~Corporate ~~intelligence~~Controller, ~~have~~General ~~lowered~~Mills, ~~the~~Inc. ~~barriers~~Education: to● ~~creating~~B.A. ~~new~~in ~~games~~International Relations, Stanford University ● M.B.A., University of Michigan School of Business (Ross)

More broadly, we compete against providers of different sources of entertainment, such as movies, television, social media, online casual entertainment and music that our players could enjoy in their free time. Important competitive factors in our industry include the ability to attract creative and technical talent, game quality and ease of use, innovation, compatibility of products with certain consoles and other distribution channels, brand recognition, reputation, reliability, security, creativity, price, marketing, and quality of customer service. The companies with which we compete, as well as competitive factors, may change and evolve as we execute our strategic plan.

Risks related to competitive factors affecting our business are described in Part I, Item 1A, Risk Factors.

Research and Development

~~Table~~Rachel A. Gonzalez Independent Former General Counsel of ~~Contents~~GE Vernova Inc. Age: 57 Director since: 2021 Board Committees: Nominating and Governance Compensation Other Public Company Directorships: None Public Company Directorships in Past 5 Years: Sabre Corporation, Vacasa, Inc., Dana Incorporated Key Qualifications: Ms. Gonzalez’s significant operational, regulatory and management experience as General Counsel and Corporate Secretary at GE Vernova, Starbucks and Sabre, as well as during her time as a partner in the corporate group of Morgan, Lewis & Bockius, provides in-depth skills, experience and perspective with respect to public company corporate governance, risk management, compensation practices, people programs and sustainability, and investor engagement. In addition, Ms. Gonzalez’s experience at consumer-facing businesses with strong digital marketing and international operations provide valuable insight to the Board of Directors and management as they execute the Company’s growth strategies. Background and Affiliations: ● General Counsel of GE Vernova Inc., a global energy company, April 2023-May 2025 ● EVP, General Counsel and Corporate Secretary of Starbucks Corporation, a global coffeehouse chain ● EVP, Chief Administrative Officer and Corporate Secretary of Sabre Corporation, a global travel technology company Education: ● B.S. degree in Comparative Literature, University of California, Berkeley ● JD, Boalt Hall School of Law at the University of California, Berkeley

~~Because~~Jeffrey ~~the~~T. ~~industries~~Huber inIndependent ~~which~~Founder we& ~~compete~~Managing ~~are~~Partner, ~~characterized~~Triatomic byCapital ~~rapid~~Age: ~~technological~~58 ~~advances,~~Director ~~our~~since: ~~ability~~2009 toBoard ~~compete~~Committees: ~~successfully~~Audit isOther ~~linked~~Public toCompany ~~our~~Directorships: ~~ability~~Upstart, toInc., ~~deliver~~Summit ~~competitive~~Therapeutics, ~~products~~Inc. Public Company Directorships in Past 5 Years: Zapata Computing, ~~services~~Inc. ~~and~~Key ~~technologies~~Qualifications: toMr. Huber’s experience as the ~~marketplace.~~founding WeCEO ~~have~~and ~~teams~~Vice ~~focused~~Chairman onof ~~developing~~GRAIL, ~~new~~Inc., ~~technologies~~his toexperiences ~~enhance~~at ~~existing~~Alphabet ~~products~~and eBay and ~~services~~his service on complementary boards bring extensive operational and senior leadership skills associated with the application of rapidly changing technology, including with respect to ~~expand~~cybersecurity risk management and the ~~range~~implementation of ~~our~~artificial ~~offerings~~intelligence technologies. ~~For~~In ~~example~~addition, weMr. ~~are~~Huber’s ~~investing,~~experience at Alphabet and ~~intend~~eBay toprovide ~~continue~~relevant tobackground ~~invest~~and experience, inincluding ~~research~~risk ~~and~~management ~~development~~experience, with respect to ~~incorporate~~consumer ~~artificial~~online ~~intelligence~~companies ~~into~~that ~~our~~deploy ~~products~~large-scale ~~and~~technological ~~services~~infrastructure. WeMr. ~~expect~~Huber’s ~~developments~~experience in ~~artificial~~his ~~intelligence~~current orrole ~~our~~as ~~investments~~managing inpartner ~~artificial~~role ~~intelligence~~at toTriatomic ~~accelerate~~Capital provides the ~~production~~Board with skills associated with capital allocation and the evaluation of ~~our~~investment ~~products~~opportunities. Background and ~~services~~Affiliations: ● Founder and ~~enable~~Managing ~~new~~Partner ~~experiences~~of ~~for~~Triatomic ~~our~~Capital, ~~players~~an investment and advisory firm, January 2022–present. ● Founding CEO and Vice Chairman of GRAIL, Inc., a life sciences company ● Former Senior Vice President, Alphabet Inc ● Former Vice President of Architecture and Systems Development, eBay Education: ● B.S. degree in Computer Engineering, University of Illinois ● Master’s degree, Harvard University

Intellectual Property and Technology

To establish and protect our intellectual property, we rely on a combination of copyrights, trademarks, patents, patent applications, trade secrets, know-how, license agreements, confidentiality provisions and procedures and other contractual provisions. We actively engage in enforcement and other activities to protect our intellectual property, but the laws of some countries in which we operate, particularly in Asia, either do not protect our intellectual property to the same extent as the laws of the United States or are poorly enforced. As our digital business has grown, our products and services increasingly depend on the reliability, availability and security of our technological infrastructure. In addition, we engage in activities designed to limit the impact of abuse of our digital products and services, including monitoring our games for evidence of exploitation and re-balancing our game environments in the event that such abuse is discovered.

Governmental Regulation

We are a global company subject to various and complex laws and regulations domestically and internationally, including laws and regulations related to gaming, user privacy, data collection and retention, consumer protection, protection of minors, online safety, content, advertising, localization, information security, intellectual property, competition, sanctions, addressing climate change, taxation, and employment, among others. Many of these laws and regulations are continuously evolving and developing, and the application to, and impact on, us is uncertain. Certain of our business models, including those that utilize virtual items and virtual currency, are subject to new laws or regulations or evolving interpretations and application of existing laws and regulations that have limited or restricted, and may continue to limit or restrict, the sale of our products and services in certain territories.

Seasonality

We have historically experienced the highest percentage of our net bookings in our third fiscal quarter.

Human Capital

As of March 31, 2026, we employed approximately 14,600 people globally, with 71 percent located internationally. Our Board and its committees oversee our human capital management programs, practices and strategies.

Our focus on people and culture helps our teams create products and services that entertain hundreds of millions of players around the world. We prioritize hiring and retaining a global workforce of top talent that generates the creative ideas that are necessary to build products and services that resonate with global audiences. We aim to bring our workforce together in an environment where creativity thrives, perspectives are invited, and people feel valued. We monitor employee sentiment through regular engagement surveys that address areas such as career development, manager performance and job satisfaction.

Our compensation programs and practices are designed to compensate our employees fairly based on the work that they perform. We invest in developing and retaining employees through access to professional growth resources, skills learning, and other job-specific and general training. We also build technical onboarding and job-specific programs to help our employees onboard to technical roles and grow in their specific domains. We maintain resources, programs and services to support employees' physical, mental, familial and financial health. We offer a wide range of benefits, such as comprehensive health insurance and time-off and leave programs.

Investor Information

Our website address is www.ea.com. Our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and any amendments to those reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act, as amended, are available free of charge on the Investor Relations section of our website at http://ir.ea.com as soon as reasonably practicable after they are electronically filed with or furnished to the Securities and Exchange Commission (“SEC”). The SEC

~~Table~~Talbott Roche Independent President and Chief Executive Officer, Blackhawk Network Holdings, Inc. Age: 60 Director since: 2016 Board Committees: Compensation (Chair) Other Public Company Directorships: None Public Company Directorships in Past 5 Years: None Key Qualifications: Ms. Roche brings to the Board of ~~Contents~~Directors extensive operational and senior leadership experience, as well as significant experience in corporate governance, risk management, compensation program design, and investor engagement as the Chief Executive Officer of a global organization, including during Blackhawk Network Holdings’ time as a public company. In addition, Ms. Roche’s understanding and experience with digital commerce, marketing and consumer trends provide the Board of Directors with valuable perspective. Throughout Ms. Roche’s career, she has been deeply involved in human capital management and leadership development, which provides our Board with insight into executive succession planning, cultural oversight, and our people programs. Background and Affiliations: ● President (2010-present) and Chief Executive Officer (2016-present), Blackhawk Network Holdings, Inc., a leading prepaid payment network ● Former Branding Consultant and Director, New Business Development, Landor Associates ● Director, Blackhawk Network Holdings, Inc. (currently private) Education: ● B.A. in Economics, Stanford University

~~maintains~~Richard aA. ~~website~~Simonson atIndependent ~~www~~Managing Partner, Specie Mesa L.~~sec~~L.~~gov~~C.; ~~that~~Former ~~contains~~CFO, ~~reports~~Sabre Corporation, ~~proxy~~Nokia Corporation and ~~information~~Rearden ~~statements~~Commerce Age: 67 Director since: 2006 Board Committees: Audit Other Public Company Directorships: Evercommerce, ~~and~~Inc. ~~other~~Public ~~information~~Company ~~regarding~~Directorships ~~issuers~~in ~~that~~Past ~~file~~5 ~~electronically~~Years: ~~with~~Couchbase, ~~the~~Inc. ~~SEC~~Key Qualifications: Mr. WeSimonson’s ~~announce~~experience ~~material~~as ~~financial~~a ~~information~~Chief ~~and~~Financial ~~business~~Officer ~~updates~~at ~~through~~three ~~our~~public ~~SEC~~companies ~~filings~~provides extensive skills related to financial strategy and capital allocation, ~~press~~risk ~~releases~~management, ~~public~~financial ~~conference~~statement ~~calls~~preparation, and ~~webcasts~~oversight of tax, treasury and other finance-related organizations. Mr. Simonson’s CFO experiences also provide the ~~Investor~~Board ~~Relations~~with ~~section~~insights ofrelated ~~our~~to ~~website~~the atstrategic ~~http://ir~~and operational challenges of leading global companies.~~ea.com~~ As an experienced director, ~~our~~and ~~blog~~current Audit Committee Chair at ~~https://www~~two public companies, Mr.~~ea.com/news~~ Simonson has extensive experience with corporate governance issues and ~~through~~trends, ~~our~~as Xwell ~~profile~~as ~~@EA~~significant experience overseeing internal and external audit functions. ~~Except~~Mr. Simonson’s current role as ~~expressly~~managing ~~set~~partner ~~forth~~role inat ~~this~~Specie ~~Form~~Mesa ~~10-K~~L.L.C. ~~annual~~provides ~~report,~~skills associated with capital allocation and the ~~contents~~evaluation of ~~our~~investment ~~website~~opportunities. Background and Affiliations: ● Managing Partner, ~~2025~~Specie ~~Impact~~Mesa ~~Report~~L.L.C., an investment and~~/or~~ ~~social~~advisory ~~media~~firm, ~~accounts~~2018-present ~~are~~● ~~not~~Chief ~~incorporated~~Financial ~~into~~Officer, orSabre ~~otherwise~~Corporation, toNokia beCorporation ~~regarded~~and asRearden ~~part~~Commerce Education: ● B.S. degree, Colorado School of ~~this~~Mines ~~Form~~● ~~10-K~~M.B.A., Wharton School of Business, University of Pennsylvania

Company Information

We were incorporated originally in California in 1982. In September 1991, we were reincorporated under the laws of Delaware. Our principal executive offices are located at 209 Redwood Shores Parkway, Redwood City, California 94065 and our telephone number is (650) 628-1500.

Information About Our Executive Officers

The following table sets forth information regarding our executive officers as of May 11, 2026:

Name

Age

Position

Andrew Wilson

Chief Executive Officer, Chair of the Board

Stuart Canfield

Chief Financial Officer

Laura Miele

President of EA Entertainment & Central Development

Mala Singh

Chief People Officer

Jacob Schatz

EVP of Global Affairs, Chief Legal Officer and Corporate Secretary

Eric Kelly

Senior Vice President, Chief Accounting Officer

Mr. Wilson has served as EA’s Chief Executive Officer and as a director of EA since September 2013 and was appointed Chair of the Board of Directors in August 2021. Prior to his appointment as our Chief Executive Officer, Mr. Wilson held several positions within the Company since joining EA in May 2000, including Executive Vice President, EA SPORTS from August 2011 to September 2013. Mr. Wilson also serves as chairman of the board of the privately-held World Surf League and is a member of the Board of Trustees of the Paley Center for Media.

Mr. Canfield has served as EA’s Chief Financial Officer since June 2023. Mr. Canfield joined EA in 2003 and has over 20 years of experience across a variety of senior leadership positions in global finance, investor relations and operations, including SVP of Enterprise Finance & Investor Relations, SVP Finance (Strategic and Financial Planning) and SVP Finance (Corporate & Global EA Studios). Mr. Canfield received his undergraduate degree from the University of London.

Ms. Miele has served as EA’s President of EA Entertainment & Central Development since January 2025. Ms. Miele joined the Company in March 1996 and has held several positions at the Company, including President of EA Entertainment, Technology & Central Development from June 2023 to January 2025, Chief Operating Officer from October 2021 to June 2023, Chief Studios Officer from April 2018 to October 2021, and several senior roles in the Company's marketing organization.

Ms. Singh has served as EA's Chief People Officer since October 2016. Ms. Singh was previously employed by EA from 2009 to 2013, serving as Vice President, Human Resources, EA Labels from 2011 to 2013. Prior to rejoining EA, Ms. Singh served as the Chief People Officer of Minted, LLC from January 2014 to October 2016. Ms. Singh earned both her undergraduate and graduate degrees from Rutgers University - New Brunswick.

Mr. Schatz has served as EA’s Executive Vice President of Global Affairs and Chief Legal Officer since June 2023 and leads the teams responsible for Legal Affairs, Business Development, Corporate Development, and other disciplines. Mr. Schatz joined EA in 1999, holding several roles within EA's legal department and was appointed General Counsel and Corporate Secretary in 2014. Mr. Schatz earned his J.D. from Georgetown University Law Center and received his undergraduate degree from Pomona College. Mr. Schatz is a member of the Bar of the State of California and is admitted to practice in the United States Supreme Court, the Ninth Circuit Court of Appeals and several United States District Courts.

Mr. Kelly has served as EA's Senior Vice President, Chief Accounting Officer since June 2022. Since joining EA in 2003, Mr. Kelly has held several positions within EA's finance organization, including Vice President, Chief Accounting Officer from August 2021 to June 2022, Vice President and Worldwide Controller from January 2014 to August 2021 and other finance

~~Table~~Luis A. Ubiñas (Lead Director) Independent Former President, Ford Foundation; Former Senior Partner, McKinsey & Company Age: 63 Director since: 2010 Board Committees: Nominating and Governance (Chair) Other Public Company Directorships: AT&T Inc., Tanger Inc. Other trusteeships: Mercer Funds Public Company Directorships in Past 5 Years: FirstMark Horizon Acquisition Corp. (SPAC) Key Qualifications: Mr. Ubiñas has extensive skills in business management, operations, governance, digital commerce, compensation program design and board functions from his work as an experienced board member, investor and advisor at companies across sectors. In addition, through his prior experience as a Senior Partner at McKinsey & Company, he has worked with technology, telecommunications and media companies in understanding the challenges and opportunities presented by digital distribution platforms and applications. Mr. Ubiñas’ experience as President of ~~Contents~~the Ford Foundation provides unique insight, strategic direction and oversight of our people programs and social impact efforts. Background and Affiliations: ● President, Ford Foundation ● Senior Partner, McKinsey & Company Education: ● B.A. degree, Harvard College ● M.B.A., Harvard Business School

~~leadership~~Heidi ~~roles~~J. ~~such~~Ueberroth asIndependent ~~CFO~~President, ofGlobicon ~~Asia~~Age: ~~and~~61 ~~European~~Director ~~Financial~~since: ~~Controller~~2017 Board Committees: Compensation Other Public Company Directorships: None Public Company Directorships in Past 5 Years: Stillwater Growth Corp. Mr(SPAC) Key Qualifications: Ms. ~~Kelly~~Ueberroth ~~holds~~has extensive operational and management experience in the sports, media and entertainment industries, including with respect to developing consumer products and services in international and emerging markets. During her 19-year career with the NBA, she oversaw the league’s international expansion and brings deep knowledge of television and digital media distribution, marketing and branding and strategic direction of a Bglobal company.S. inHer ~~Accounting~~active ~~from~~role ~~Villanova~~as ~~University~~the co-chairman of the Pebble Beach Company and isher past and present board service bring skills and experience with respect to consumer trends, the adoption of new technology, compensation program design, risk management, investor engagement, people programs and sustainability. Background and Affiliations: ● President, Globicon, a ~~licensed~~private ~~Certified~~investment ~~Public~~and ~~Accountant~~advisory firm focused on the media, sports, entertainment and hospitality industries, 2016–present ● Co-Chair, Pebble Beach Company (private) ● Former President, NBA International ● Former President, Global Marketing Partnerships and International Business Operations, NBA Education: ● B.A. degree, Vanderbilt University

~~Table~~Andrew Wilson (Chair) Chief Executive Officer, Electronic Arts Inc. Age: 51 Director since: 2013 Board Committees: None Other Public Company Directorships: None Public Company Directorships in Past 5 Years: Intel Corporation Key Qualifications: Mr. Wilson has served as the Company’s Board Chair since 2021, Chief Executive Officer since September 2013 and has been employed by EA in several roles since 2000. Mr. Wilson’s career at the Company provides the Board with extensive skills and experiences related to consumer trends, particularly within the gaming, sports and entertainment industries, the adoption of ~~Contents~~new technology, digital commerce, risk management and human capital management. A tenured executive with previous public company board service, Mr. Wilson has significant skills related to senior leadership, executive succession planning, investor engagement and corporate governance. Mr. Wilson has extensive experience and knowledge of the Company and the industry, and the Board believes it is crucial to have the perspective of the Company’s Chief Executive Officer represented on the Board of Directors to provide direct insight into the Company’s operations and strategic vision. Background and Affiliations: ● Chief Executive Officer, Electronic Arts Inc., 2013-present ● Chair of the Board, World Surf League (private) ● Board of Trustees, Paley Center for Media (non-profit)

Item 1A: Risk Factors

Our business is subject to many risks and uncertainties, which may affect our future financial performance. In the past, we have experienced certain of the events and circumstances described below, which adversely impacted our business and financial performance. If any of the events or circumstances described below occur, our business or financial performance could be harmed, our actual results could differ materially from our expectations and the market value of our stock could decline. The risks and uncertainties discussed below are not the only ones we face. There may be additional risks and uncertainties not currently known to us or that we currently do not believe could be material that may harm our business or financial performance.

MERGER RISKS

If our proposed Merger does not close, or is delayed, we may experience financial and operational disruptions. In addition, our stock price may decline if the Merger is perceived as uncertain to close.

On September 28, 2025, we entered into a Merger Agreement to be acquired by an investor Consortium comprised of the Public Investment Fund, private investment funds affiliated with Silver Lake Group, L.L.C., and private investment funds affiliated with Affinity Partners. The closing of the Merger is subject to the satisfaction or waiver of certain conditions, many of which are not within our full control. There are a limited number of regulatory reviews outstanding, and the parties are working diligently to complete these remaining reviews. However, we may be unable to obtain and satisfy, or experience delays in obtaining and satisfying, required regulatory approvals and other closing conditions. In addition, both we and the Consortium may terminate the Merger Agreement for reasons specified therein. The announcement and pendency of the Merger could adversely affect our business and stock price, including if the Merger does not close or is delayed, for reasons including the following:

•Uncertainty about the effect of the Merger may impair our ability to attract, retain, and motivate key personnel, and could cause customers, suppliers, financial counterparties, and others to seek to change existing business relationships with us.

•The Merger Agreement restricts us, without the consent of the Consortium, from making certain acquisitions and investments, from accessing the debt and capital markets, and from taking other specified actions until closing of the Merger or the termination of the Merger Agreement. These restrictions may prevent us from pursuing otherwise attractive business opportunities and taking other actions with respect to our business that we may consider advantageous.

•We have incurred, and will continue to incur, significant costs, expenses, and fees for professional services and other transaction costs in connection with the Merger. Many of the fees and costs will be payable by us even if the Merger is not completed. In addition, we may be required to pay a termination fee of up to $1.0 billion to the Consortium and reimburse certain out-of-pocket expenses if the Merger Agreement is terminated for certain specified reasons.

•The Merger may not occur on the expected timeline because of a delay in receiving required regulatory approvals or other reasons. Any delay or inability to close the Merger may cause the market price of our common stock to decline.

Lawsuits have been or may be filed against us and the members of our Board of Directors arising out of the proposed Merger, which may delay or prevent the proposed Merger or otherwise negatively affect our business and operations.

Putative stockholder complaints, including stockholder class action complaints, and other complaints have been or in the future may be filed against us, our Board of Directors and others in connection with the transactions contemplated by the Merger Agreement. Certain complaints asserted in connection with the transaction contemplated by the Merger Agreement have been mooted, however, the outcome of any additional litigation is uncertain, and we may not be successful in defending against any such future claims. Lawsuits that have been or may be filed against us, our Board of Directors or others could delay or prevent the Merger from being completed, divert the attention of our management and employees away from our day-to-day business, and otherwise adversely affect our business, results of operations, and financial condition. If the Merger is not consummated for any reason, litigation could be filed in connection with the failure to consummate the Merger.

STRATEGIC RISKS

Our business is intensely competitive. We may not deliver successful and engaging products and services, or consumers may prefer our competitors’ products or services over our own.

~~Table~~Board of ~~Contents~~Directors Leadership Structure

~~Competition~~The inBoard ~~our business is intense. Many new products and services are regularly introduced, but only a relatively small number~~ of ~~products~~Directors ~~and~~believes associated services drive significant engagement and account for a significant portion of total revenue. Our competitors range from established interactive entertainment companies to emerging start-ups. In addition, we compete with large, diversified companies that ~~have strengthened their interactive entertainment capabilities~~Mr. ~~Their~~Wilson ~~greater~~serving ~~financial~~as Chair and ~~other~~Mr. ~~resources~~Ubiñas ~~provide~~serving ~~larger~~as ~~budgets~~Lead toIndependent ~~recruit~~Director ~~our~~is ~~key~~the ~~creative~~appropriate ~~and~~leadership ~~technical~~structure ~~talent,~~for develop and market products and services that gain consumer success, shift player time and engagement away from our products and services, or otherwise disrupt our operations. We also expect new competitors to continue to emerge throughout the ~~world~~Company. IfA ~~our~~strong ~~competitors develop more successful~~ and empowered ~~engaging~~Lead ~~products~~Independent orDirector ~~services,~~provides ~~offer~~an ~~competitive~~essential ~~products~~mechanism orfor ~~services~~independent atviewpoints ~~lower price points, or if we do not continue to develop consistently high-quality, well-received~~ and engaging products and services, or if our marketing strategies are not innovative or fail to resonate with players, particularly during key selling periods, our revenue, margins, and profitability will declineaccountability.

We strive to create innovative and high-quality products and services that allow us to grow the global online communities around our key franchises and reach more players. However, innovative and high-quality titles, even if highly-reviewed or critically acclaimed, may not meet our expectations or the expectations of our players. Many financially successful products and services within our industry are iterations of prior titles with large established consumer bases and significant brand recognition, which makes competing in certain categories challenging. In addition, products or services of our direct competitors or other entertainment companies have shifted consumer spending or engagement from our products and services and may do so in the future, which could cause our products and services to underperform.

A significant portion of our revenue historically has been derived from products and services based on a few popular franchises, and the underperformance of a single major title has had, and could in the future have, a material adverse impact on our financial results. For example, we have historically derived a significant portion of our net revenue from sales related to our EA SPORTS FC franchise, annualized versions of which are consistently one of the best-selling games in the marketplace. Any events or circumstances that negatively impact our EA SPORTS FC franchise, including Ultimate Team, such as product or service quality, other products that take a portion of consumer spending and time, the delay or cancellation of a product or service launch, increased competition for key licenses, or real or perceived security or regulatory risks, negatively impacts our financial results to a disproportionate extent.

We may not meet our product and live service development schedules.

Our ability to meet product and live service development schedules is affected by a number of factors both within and outside our control, including feedback from our players, the creative processes involved, the coordination of large and sometimes geographically dispersed development teams, evolving work models, the complexity of our products and the platforms for which they are developed, the need to fine-tune our products prior to their release, and, in certain cases, approvals from third parties. We have experienced development delays for our products and services in the past which caused us to delay or cancel release dates. Any failure to meet anticipated production or release schedules likely would result in a delay of revenue and/or possibly a significant shortfall in our revenue, increase our development and/or marketing expenses, harm our profitability, and cause our operating results to be materially different than anticipated. If we miss key selling periods for products or services as a result of product delays or product cancellations, our sales likely will suffer significantly.

Our industry changes rapidly and we may fail to anticipate or successfully implement new or evolving technologies, or adopt successful business strategies, distribution methods or services.

Rapid changes in our industry require us to anticipate, sometimes years in advance, the ways in which our business can remain competitive in the market. We have invested, and in the future may invest, in new business and marketing strategies, tools and technologies, distribution methods, products, and services. There can be no assurance that the strategic investments we pursue will achieve financial results that meet or exceed our expectations. We may miss opportunities or fail to respond quickly enough to industry change, including the failure to adopt tools, technology and distribution methods or failure to develop new products, services or ways to engage with our games that become popular with consumers, each of which could adversely affect our financial results. For example, we expect our competitive landscape to evolve as artificial intelligence technology advances and is integrated into the markets in which we compete. Our competitors may incorporate new artificial intelligence tools and technology into their existing products and services more successfully, may invest in more successful artificial intelligence initiatives, may use these new tools and technology more efficiently or may create new categories of products and services before we do.

Stakeholders have high expectations for the quality and integrity of our business, culture, products and services and we may be unsuccessful in meeting these expectations.

~~Table~~Board ~~of Contents~~Committees

~~Expectations~~The ~~regarding~~Board ~~the~~of ~~quality,~~Directors ~~performance~~currently ~~and~~has ~~integrity~~a ofstanding ~~our~~Audit ~~business~~Committee, Compensation ~~brand,~~Committee ~~reputation, culture, products~~ and ~~services~~Nominating ~~are high. Players~~ and ~~other~~Governance stakeholders have sometimes been critical of our industry, brands, products, services, online communities, business models and/or practices for a wide variety of reasons, including perceptions about gameplay fun, fairness, game content, features or services, or objections to certain of our practicesCommittee. ~~These~~All ~~negative~~members ~~responses may not be foreseeable. We also may not effectively manage our responses because~~ of ~~reasons~~these ~~within~~committees orare ~~outside~~independent ~~of our control~~directors. ~~In addition, we have taken actions, including delaying the release~~ Each of ~~our~~these ~~games~~standing ~~and~~committees ~~delaying~~operates orunder ~~discontinuing content, features and services for our games, after taking into consideration, among other things, feedback from our community or geopolitical events. These actions have had~~ a ~~negative~~written ~~impact~~charter onadopted ~~our~~by ~~financial results and have impacted our future development processes. We expect to continue to take actions as appropriate, including actions that may result in additional expenditures and~~ the ~~loss~~Board of ~~revenue~~Directors. ~~Maintaining~~These ~~high~~charters ~~ratings on the third-party console, platforms and devices on which we operate~~ are ~~important~~available ~~to drive players to our products and services. If we receive significant negative reviews that result~~ in the aInvestor ~~decrease~~Relations insection ~~our ratings, including as a result~~ of ~~negative review campaigns intended to harm~~ our ~~ratings,~~website ~~our~~at ~~games could be more difficult for players to find, negatively impacting our financial and operating results~~http://ir.ea.com.

~~Certain~~Audit ofCommittee our games and features on our platforms support online features that allow players and viewers to communicate with one another and post content, in real time, that is visible to other players and viewers. From time to time, this “user generated content” may contain objectionable and offensive content that is distributed and disseminated by third parties and our brands may be negatively affected by such actions. If we fail to appropriately respond to the dissemination of such content, we may be subject to lawsuits and governmental regulation, our players may not engage with our products and services and/or may lose confidence in our brands and our financial results may be adversely affected.

~~Our~~The ~~products~~Audit ~~and~~Committee ~~services~~is ~~are~~currently ~~extremely~~comprised ~~complex~~of Kofi ~~software programs and are difficult to develop and distribute~~A. WeBruce ~~have quality controls in place to detect defects~~(Chair), ~~bugs~~Jeffrey orT. ~~other~~Huber ~~errors in our products~~ and ~~services~~Richard ~~before~~A. ~~they are released~~Simonson. ~~Nonetheless,~~As ~~these~~determined ~~quality~~by ~~controls~~the ~~are~~Board ~~subject~~of ~~to human error~~Directors, ~~overriding,~~each ~~and~~of ~~resource~~the orthree ~~technical~~current Audit ~~constraints.~~Committee Ifmembers ~~these~~meets ~~quality~~the ~~controls~~independence requirements and ~~preventative~~the ~~measures~~financial ~~are~~literacy ~~not~~standards ~~effective~~of inthe ~~detecting~~Nasdaq ~~all~~Stock ~~defects~~Market Rules, as ~~bugs~~well oras ~~errors~~the inindependence ~~our~~requirements ~~products~~of ~~and~~the ~~services~~SEC. ~~before~~The ~~they~~Board ~~have~~of ~~been~~Directors ~~released~~has ~~into~~determined ~~the~~that ~~marketplace,~~each ~~then~~of ~~our~~Mr. ~~products~~Bruce and ~~services~~Mr. ~~could~~Simonson meets ~~be below our standards and~~ the ~~standards~~criteria offor ~~our~~an ~~players~~“audit ~~and~~committee ~~our~~financial ~~reputation,~~expert” ~~brand~~as ~~and~~set ~~sales~~forth ~~could~~in beapplicable ~~adversely~~SEC ~~affected~~rules. InThe ~~addition,~~Audit weCommittee has ~~could~~the beauthority ~~required~~ to, orobtain ~~may~~advice ~~find~~and itassistance ~~necessary~~from ~~to,~~outside ~~offer~~advisors awithout ~~refund~~seeking ~~for~~approval ~~the~~from ~~product or service, suspend~~ the ~~availability~~Board ~~or sale~~ of Directors and the ~~product~~Company orwill ~~service~~provide orappropriate ~~expend~~funding ~~significant~~for ~~resources~~payment ~~to cure the defect, bug or error each~~ of ~~which~~compensation ~~could~~to ~~significantly~~advisors ~~harm~~engaged ~~our~~by ~~business~~the ~~and~~Audit ~~operating results~~Committee.

WeResponsibilities ~~are integrating artificial intelligence tools and technologies into our business and development processes. The use~~ of ~~artificial~~the ~~intelligence~~Audit might present social and ethical issues that, if not managed appropriately, may result in legal and reputational harm, cause consumers to lose confidence in our business and brands and negatively impact our financial and operating results. Committee

~~External~~● ~~game~~Assists ~~developers~~the ~~may~~Board ~~not~~of ~~meet~~Directors ~~product~~in ~~development~~its ~~schedules~~oversight of the Company’s financial reporting and is directly responsible for the appointment, compensation and oversight of our independent auditors. ● Establishes and maintains complaint procedures with respect to internal and external concerns regarding accounting or ~~otherwise~~auditing ~~honor~~matters. ~~their~~● ~~obligations~~Oversees tax and treasury policies and practices, as well as the Company’s internal audit function. ● Receives quarterly updates from EA’s information security team and reviews the steps taken by management to monitor and control risks with respect to privacy and cybersecurity issues.

WeNominating contract with external game developers to develop our games or to publish or distribute their games. While we maintain contractual protections, we have less control over the product development schedules of games developed by external developers. We depend on their ability to meet product development schedules. If we have disputes with external developers or they cannot meet product development schedules, acquire certain approvals or are otherwise unable or unwilling to honor their obligations to us, we may delay or cancel previously announced games, alter our launch schedule or experience increased costs and ~~expenses,~~Governance ~~which~~Committee ~~could result in a delay or significant shortfall in anticipated revenue, harm our profitability and reputation, and cause our financial results to be materially affected.~~

~~Our~~The ~~business~~Nominating ~~depends~~and onGovernance ~~the~~Committee ~~success~~is ~~and~~currently ~~availability~~comprised of Luis ~~consoles,~~A ~~platforms~~Ubiñas (chair) and ~~devices~~Rachel ~~developed~~A. byGonzalez, ~~third~~each ~~parties~~of ~~and~~whom ~~our~~the ~~ability~~Board toof ~~develop~~Directors ~~and~~determined ~~maintain~~meets ~~commercially~~the ~~successful~~independence ~~products~~requirements of ~~and~~the ~~services~~Nasdaq ~~for~~Stock ~~those~~Market ~~consoles, platforms and devices.~~Rules

~~The~~Responsibilities ~~success~~ of ~~our business is driven in part by~~ the ~~commercial~~Nominating ~~success, adequate supply~~ and ~~consumer~~Governance adoption of third-party consoles, platforms and devices for which we develop our products and services or through which our products and services are distributed. Our success depends in part on accurately predicting which consoles, platforms and devices will be successful in the marketplace and providing engaging and commercially successful products and services for those consoles, platforms and devices. We must make product development decisions and commit significant resources well in advance of the commercial availability of new consoles, platforms and devices, and we may incur significant expense to adjust our product portfolio and development efforts in response to changing consumer preferences. We may enter into certain exclusive licensing arrangements that affect our ability to deliver or market products or services on certain consoles, platforms or devices. A console, platform or device for which we are developing products and services may not achieve consumer adoption at the rate we expect and we Committee

	●	Applies the criteria outlined in our Corporate Governance Guidelines to recommend nominees for director and committee memberships to the Board of Directors.

	●	Reviews from time to time the appropriate skills, characteristics and experience required of the Board of Directors as a whole, as well as its individual members.

	●	Reviews developments in corporate governance and recommends formal governance standards to the Board of Directors.

	●	Oversees the CEO’s annual performance review.

	●	Manages the process for emergency succession planning in the event the CEO is unable to fulfill the responsibilities of the role, and also periodically evaluates internal and external CEO candidates for succession planning purposes.

	●	Oversees ESG programs, disclosures and engagement, including regarding human capital and sustainability.

Compensation Committee

The Compensation Committee is currently comprised of Talbott Roche (chair), Rachel A. Gonzalez and Heidi J. Ueberroth. As determined by the Board of Directors, each of the members of the Compensation Committee meets the independence requirements of the Nasdaq Stock Market Rules and the SEC rules. The Compensation Committee has the authority to engage the services of outside advisors after first conducting an independence assessment in accordance with applicable laws, regulations and exchange listing standards. During fiscal year 2026, the Compensation Committee continued to directly engage Semler Brossy Consulting Group, a national compensation consulting firm, to advise on executive compensation matters. Please refer to the section titled “The Process for Determining Our NEOs’ Compensation” in the “Compensation Discussion and Analysis” section of this Amendment, for additional information regarding the role of Semler Brossy in advising the Compensation Committee on our executive compensation program. The Compensation Committee has reviewed the independence of Semler Brossy and has determined that its engagement does not raise any conflicts of interest. The Compensation Committee may also delegate any of its authority and duties to subcommittees, individual committee members or management, as it deems appropriate in accordance with applicable laws, rules and regulations.

~~Table~~For further information about the role of ~~Contents~~our Compensation Committee and executive officers in recommending the amount or form of executive compensation, please see “The Process for Determining our NEOs’ Compensation” in the “Compensation Discussion and Analysis” section of this Amendment.

~~may~~Responsibilities beof ~~unable to fully recover~~ the ~~investments~~Compensation we have made in developing our products and services; or new consoles, platforms or devices may take market share away from those for which we have devoted significant resources, causing us to not reach our intended audience and take advantage of meaningful revenue opportunities. Committee

We● ~~could~~Sets ~~fail~~the overall compensation strategy for the Company; oversees pay equity efforts. ● Recommends the compensation of the CEO to ~~successfully~~the ~~adopt~~Board ~~new~~of ~~business~~Directors ~~models~~and determines the compensation of our other executive officers. ● Oversees the Company’s bonus and equity incentive plans and other benefit plans. ● Reviews and recommends to the Board of Directors compensation for non-employee directors and reviews and approves compensation for employees who qualify as a “Related Person” under our Related Person Transaction Policy.

~~From~~Compensation ~~time~~Committee toInterlocks ~~time we seek to establish~~ and ~~implement~~Insider new business models. Forecasting the success of any new business model is inherently uncertain and depends on a number of factors both within and outside of our control. Our actual revenue and profit for these businesses may be significantly greater or less than our forecasts. In addition, these new business models could fail, resulting in the loss of our investment in the development and infrastructure needed to support these new business models, as well as the opportunity cost of diverting management and financial resources away from more successful and established businesses. Any failure to successfully implement new business models could materially impact our financial and operating results.Participation

~~Acquisitions~~During fiscal year 2026, ~~investments~~no member of the Compensation Committee was an employee or current or former officer of EA, ~~divestitures~~nor ~~and~~did ~~other~~any ~~strategic~~member ~~transactions~~of ~~could~~the ~~result~~Compensation inCommittee ~~operating~~have ~~difficulties~~a ~~and~~relationship ~~other~~requiring disclosure ~~negative~~by ~~consequences~~EA under Item 404 of Regulation S-K. No EA officer serves or has served since the beginning of fiscal year 2026 as a member of the board of directors or the compensation committee of a company at which a member of EA’s Board of Directors or Compensation Committee is an employee or officer.

We have made and may continue to make acquisitions or enter into other strategic transactions including (1) acquisitions of companies, businesses, intellectual properties, and other assets, (2) investments in, or transactions with, strategic partners, and (3) investments in new businesses as part of our long-term business strategy. These acquisitions and other transactions involve significant challenges and risks including that the transaction does not advance our business strategy or strategic goals, that we do not realize a satisfactory return on our investment, that we cannot realize anticipated tax benefits or incur tax costs, that we acquire liabilities and/or litigation from acquired companies, that our due diligence process does not identify significant issues or liabilities, diversion of managementBoard’s ~~attention~~Role ~~from our other businesses~~ and the incurrence of debt, contingent liabilities or amortization expenses, write-offs of goodwill, intangibles, or acquired in-process technology, or other increased cash and non-cash expenses. In addition, we may not be able to complete the acquisition as a result of challenges in obtaining regulatory approvals or we may not integrate these businesses successfully, retain key employees from acquired companies and achieve expected synergies. Responsibilities

WeOversight ~~may~~of ~~fund~~Strategy ~~strategic transactions with (1) cash, which would reduce cash available for other corporate purposes, (2) debt, which would increase our interest expense~~ and ~~leverage and/or (3) equity which would dilute current shareholders’ percentage ownership and also dilute our earnings per share.~~ Risk

WeIn ~~may~~a berapidly ~~unable~~evolving toindustry, ~~maintain~~our orBoard ~~acquire~~is ~~licenses~~an important resource for thoughtful and candid insights into strategic planning conversations, including product and service development, operational considerations, emerging industry trends, acquisitions, financial planning and organizational design. Our Board of Directors oversees our risk management processes and procedures, as well as material risks to ~~include~~our ~~intellectual~~business. ~~property~~The ~~owned~~Board of Directors exercises this oversight responsibility directly and through its committees. The oversight responsibility of the Board of Directors and its committees is informed by ~~others~~reports infrom our ~~games~~management team that provide visibility into our key areas of material risk. These include broad strategic, oroperational and financial discussions, as well as more focused discussions on specific topics. Material business risks, such as succession planning for our CEO and executive officers and risks relating to ~~maintain~~our orstrategy ~~acquire~~and business operations, including the ~~rights~~implementation of generative AI, are reviewed by the full Board of Directors. The Board of Directors oversees the risks related to ~~publish~~privacy orand ~~distribute~~cybersecurity ~~games~~and ~~developed~~receives periodic updates on these risks and mitigation strategies. The Audit Committee also receives quarterly updates from EA’s information security team that review the steps taken by ~~others~~management to monitor and mitigate these risks.

~~Many~~Each of ~~our~~the ~~products~~committees ~~and~~regularly ~~services~~reports are based on or incorporate intellectual property owned by others. For example, our EA SPORTS products include rights licensed from major sports leagues, teams and players’ associations and our Star Wars products include rights licensed from Disney. Competition for these licenses and rights is intense. If we are unable to ~~maintain~~the ~~these~~full ~~licenses~~Board ~~and~~of ~~rights~~Directors on ormatters ~~obtain~~relating ~~additional licenses or rights with significant commercial value, our ability~~ to ~~develop~~the ~~successful~~specific ~~and~~areas ~~engaging~~of ~~products~~risk and services may be adversely affected and our revenue, profitability and cash flows may decline significantly. Other competitors may assume certain licenses and create competing products, impacting our sales. Competition for these licenses has increased, and may continue to increase, the amounts that weeach ~~must~~committee ~~pay to licensors and developers, through higher minimum guarantees or royalty rates, which could significantly increase our costs and reduce our profitability~~oversees.

~~Our~~Compensation ~~business~~Risk ~~partners may not honor their obligations to us or their actions may put us at risk.~~Assessment

WeAs ~~rely~~part onof ~~various~~their ~~business~~risk ~~partners~~oversight efforts, ~~including~~the ~~platform~~Compensation ~~partners,~~Committee evaluates ~~third-party~~our ~~service~~compensation ~~providers,~~programs ~~vendors,~~to ~~licensing~~determine ~~partners,~~whether ~~development~~the ~~partners~~design and ~~licensees.~~operation ~~Their~~of ~~actions may put~~ our ~~business~~policies and ~~our~~practices ~~reputation~~could ~~and~~encourage executives ~~brand~~or atemployees ~~risk.~~to Intake ~~many~~excessive ~~cases,~~or ~~our~~inappropriate ~~business~~risks ~~partners~~that ~~may~~would be ~~given~~reasonably ~~access~~likely to ~~sensitive~~have ~~and~~a ~~proprietary~~material ~~information~~adverse ineffect on ~~order~~the toCompany ~~provide services~~ and ~~support,~~has ~~and~~concluded that they ~~may~~do ~~misappropriate~~not. ~~our~~In ~~information~~making ~~and~~that ~~engage~~determination, inthe ~~unauthorized~~Compensation ~~use~~Committee ofconsidered ~~it.~~the ~~In addition~~design, size ~~the~~and ~~failure~~scope of ~~these~~our ~~third~~cash ~~parties~~and toequity ~~provide~~incentive ~~adequate~~programs ~~services~~ and ~~technologies,~~program orfeatures ~~the~~that ~~failure~~mitigate ofagainst ~~the~~potential ~~third~~risks, ~~parties~~such toas ~~adequately~~payout caps, ~~maintain~~clawbacks, orthe ~~update~~quality ~~their~~and ~~services~~mix of performance-based and ~~technologies,~~“at ~~could~~risk” ~~result~~compensation, inand, awith ~~disruption~~regard to our ~~business~~equity incentive ~~operations. Further~~programs, ~~disruptions in~~ the ~~financial~~stock ~~markets,~~ownership ~~geopolitical~~requirements ~~conditions,~~for ~~economic~~our ~~downturns,~~executives. ~~poor~~The ~~business~~Compensation ~~decisions,~~Committee orhas ~~reputational~~concluded ~~harm~~that ~~may adversely affect~~ our ~~business~~compensation policies ~~partners~~ and ~~they~~practices ~~may~~strike ~~not~~an beappropriate ~~able~~balance toof ~~continue~~risk ~~honoring~~and ~~their~~reward ~~obligations~~in relation to usour oroverall webusiness ~~may~~strategy, ~~cease~~and ~~our~~do ~~arrangements~~not create ~~with~~risks ~~them.~~that ~~Alternative~~are ~~arrangements~~reasonably ~~and~~likely ~~services~~to ~~may~~have ~~not~~a bematerial ~~available~~adverse toeffect us on ~~commercially~~the ~~reasonable~~Company. ~~terms~~Item or11 webelow ~~may~~generally ~~experience~~describes ~~business~~the compensation ~~interruptions~~policies ~~upon~~and apractices ~~transition~~applicable to anour ~~alternative~~named ~~partner~~executive ~~or vendor~~officers.

~~Table of Contents~~Policies

~~OPERATIONAL~~Global ~~RISKS~~Code of Conduct and Corporate Governance Guidelines

~~Catastrophic~~Our ~~events~~Global ~~may~~Code ~~disrupt~~of Conduct applies to our ~~business~~directors, and all employees, including our principal executive officer, principal financial officer, principal accounting officer, and other senior financial officers, as well as Corporate Governance Guidelines. These documents, along with our organizational documents and committee charters, form the framework of our corporate governance. Our Global Code of Conduct, Corporate Governance Guidelines and committee charters are available in the Investor Relations section of our website at http://ir.ea.com. We post amendments to, or waivers from our Global Code of Conduct in the Investor Relations section of our website.

~~Catastrophic~~Insider ~~events~~Trading, ~~including natural disasters, cyber~~Anti-~~incidents,~~Hedging ~~power disruptions, pandemics, acts of terrorism or other events have caused,~~ and in the future could cause, outages, disruptions and/or degradations of our infrastructure (including our or our partners’ information technology and network systems), a failure in our ability to conduct normal business operations, or the closure of public spaces in which players engage with our products and services all of which could materially impact our reputation and brand, financial condition and operating results. The health and safety of our employees, players, thirdAnti-~~party~~Pledging organizations with whom we partner, or regulatory agencies on which we rely could be also affected, any of which may prevent us from executing against our business strategies and/or cause a decrease in consumer demand for our products and services. We recognize the inherent physical risks associated with climate change. Our business relies on the reliable transmission of energy worldwide and is susceptible to weather-related events that could stress the power grid. System redundancy may be ineffective, and our disaster recovery and business continuity planning may not be sufficient for all eventualities. In addition, our corporate headquarters and several of our key studios also are located in seismically active regions and areas that are vulnerable to other natural disasters and weather events such as wildfires and hurricanes. These catastrophic events could disrupt our business and operations, and/or the businesses and operations of our partners and may cause us to incur additional costs to maintain or resume operations.Policies

We ~~have~~maintain an insider trading policy governing the purchase, sale, and ~~may~~other ~~continue~~dispositions of our securities by directors, officers, employees, the Company, and other covered persons. The insider trading policy is designed to ~~experience~~promote ~~security~~compliance ~~breaches~~by our employees and ~~cyber~~directors ~~threats~~with both federal and state insider trading laws, rules and regulations. In addition, our insider trading policy prohibits our directors, executive officers, employees, those living in their respective households, and family members whose transactions are influenced or controlled by such director, executive officer or employee from engaging in any hedging transaction with the Company’s securities, buying the Company’s securities on margin, or otherwise trading in any derivative of the Company’s securities (including put and/or call options, swaps, forwards or futures contracts, short sales or collars). Our directors and Section 16 officers also are prohibited from pledging our stock as collateral for any loan.

~~The~~Delinquent ~~integrity~~Section of16(a) our and our partners’ information technology networks and systems is critical to our ongoing operations, products, and services. Our industry is prone to, and our systems and networks are subject to actions by malfeasant actors, which may include individuals or groups, including state-sponsored attackers. These actions include cyber-attacks, including ransomware, and other information security incidents that seek to exploit, disable, damage, and/or disrupt our networks, business operations, products and services and supporting technological infrastructure, or gain access to consumer and employee personal information, our intellectual property and other assets. Additionally, as artificial intelligence capabilities develop rapidly, individuals or groups of hackers and sophisticated organizations, may use these technologies to create new sophisticated attack methods that are increasingly automated, targeted and coordinated and more difficult to defend against. In addition, our systems and networks could be harmed or improperly accessed due to errors by employees or third parties that are authorized to access these networks and systems. We also rely on technological infrastructure provided by third-party business partners to support the online functionality of our products and services, who are also subject to these same cyber risks. Both our partners and we have expended, and expect to continue to expend, financial and operational resources to guard against cyber risks and to help protect our data and systems. However, the techniques used by malfeasant actors change frequently, continue to evolve in sophistication and volume, and often are not detected for long periods of time. Reports

~~Remote~~Section ~~access~~16(a) toof ~~our~~the ~~networks~~Exchange ~~and~~Act ~~systems~~requires our executive officers, directors and ~~the~~persons ~~networks~~who ~~and~~beneficially ~~systems~~own more than ten percent of our ~~partners~~ordinary isshares ~~substantial.~~to ~~While~~file wereports ~~and~~of ~~our~~their ~~partners~~beneficial ~~have~~ownership and ~~taken~~changes ~~steps~~in toownership ~~secure~~(Forms ~~our~~3, ~~networks~~4 and ~~systems~~5, ~~these~~and ~~networks~~any amendment thereto) with the SEC. Based solely on a review of forms filed in the SEC’s EDGAR database and ~~systems~~written ~~may~~representations befrom ~~more~~executive ~~vulnerable~~officers toand directors, we believe that during the fiscal year ended March 31, 2026, all required reports were filed on a timely basis.

successful cyber-attack or information security incident in a hybrid working model. The costs to respond to, mitigate, and/or notify affected parties of cyber-attacks and other security vulnerabilities are significant. It may also be necessary for us to take additional extraordinary measures and make additional expenditures to take appropriate responsive and preventative steps. Consequences of such events, responsive measures and preventative measures have included, and could in the future include, the loss of proprietary and personal data and interruptions or delays in our business operations, exploitation of our data, as well as loss of player confidence and damage to our brand and reputation, financial expenses and financial loss. In addition, such events could cause us to be non-compliant with applicable regulations, and subject us to legal claims or penalties under laws protecting the privacy or security of personal information or proprietary material information. We have experienced such events in the past and expect future events to occur.

In addition, the virtual economies that we have established in many of our games are subject to abuse, exploitation and other forms of fraudulent activity that can negatively impact our business. Virtual economies involve the use of virtual currency and/or virtual assets that can be used or redeemed by a player within a particular game or service. The abuse or exploitation of our virtual economies have included the illegitimate or unauthorized generation and sale of virtual items, including in black markets. Our online services have been impacted by in-game exploits and the use of automated or other fraudulent processes designed to generate virtual items or currency illegitimately or to execute account takeover attacks against our players. We anticipate such activity to continue. These abuses and exploits, and the steps that we take to address these abuses and exploits may result in a loss of anticipated revenue, increased costs to protect against or remediate these issues, interfere with players’ enjoyment of a balanced game environment or cause harm to our reputation and brand.

We may experience outages, disruptions or degradations in our services, products and/or technological infrastructure.

~~Table~~Item of11: ~~Contents~~Executive Compensation

~~The~~Compensation ~~reliable~~Discussion & performance of our products and services depends on the continuing operation and availability of our information technology systems and those of our external service providers, including third-party “cloud” computing services. Our games and services are complex software products and maintaining the sophisticated internal and external technological infrastructure required to reliably deliver these games and services is expensive and complicated. The reliable delivery and stability of our products and services has been, and could in the future be, adversely impacted by outages, disruptions, failures or degradations in our network and related infrastructure, as well as in the online platforms or services of key business partners that offer, support or host our products and services. The reliability and stability of our products and services has been affected by events outside of our control as well as by events within our control, such as the migration of data among data centers and to third-party hosted environments, the performance of upgrades and maintenance on our systems, and effectively scaling our technological infrastructure to accommodate online demand for our products and services.Analysis

IfFor wefiscal oryear ~~our external business partners were to experience an event that caused a significant system outage~~2026, ~~disruption~~EA’s ornamed ~~degradation~~executive orofficers if a transition among data centers or service providers or an upgrade or maintenance session encountered unexpected interruptions, unforeseen complexity or unplanned disruptions, our products and services may not be available to consumers or may not be delivered reliably and stably. We do not have redundancy for all our systems, many of our critical applications reside in only one of our data centers, and our disaster recovery planning may not account for all eventualities. As a result, our reputation and brand may be harmed, consumer engagement with our products and services may be reduced, and our revenue and profitability could be negatively impacted. (“NEOs”) were:

~~Attracting~~● Andrew Wilson, ~~managing~~Chief ~~and~~Executive ~~retaining~~Officer ~~our~~● ~~talent~~Stuart isCanfield, ~~critical~~Chief toFinancial ~~our~~Officer ~~success.~~● Laura Miele, President of EA Entertainment & Central Development ● Mala Singh, Chief People Officer ● Jake Schatz, EVP of Global Affairs & Chief Legal Officer

~~Our~~Compensation ~~business~~Philosophy ~~depends on our ability to attract, train, motivate~~ and retain executive, technical, creative, marketing and other talent that are essential to the development, marketing and support of our products and services. The market for highly-skilled workers and leaders in our industry is extremely competitive, particularly in the geographic locations in which many of our key talent are located. We also engage with talent through contracted services. Our leading position within the interactive entertainment industry makes us a prime target for recruiting our executives, as well as key creative and technical talent. If we cannot successfully recruit, train, motivate, attract and retain qualified talent, develop and maintain a healthy culture, replace key talent following their departure or experience disruption in our contracted services, our reputation, brand and culture may be negatively impacted, products and services may be delayed and our business will be impaired. Our global workforce is primarily non-unionized, but we have unions and works councils outside of the United States. In the United States, there has been an increase in prominence in certain sectors of workers exercising their right to form or join a union. If significant employee populations were to unionize or if we experience labor disruptions, we could experience operational changes that may materially impact our business. Objectives

WeAs ~~rely~~a onglobal leader in digital interactive entertainment, we believe that the ~~consoles~~skills, ~~systems~~expertise and ~~devices~~experience of ~~partners~~our ~~who~~employees, ~~have~~including ~~significant~~our ~~influence~~NEOs, ~~over~~are the ~~products~~critical factors that contribute to our overall performance and ~~services~~enhance ~~that~~stockholder value. To drive continued successful operational and financial performance, we ~~offer~~must attract, motivate, reward and retain top executive talent. The Board of Directors and the Compensation Committee strive to make executive compensation decisions that follow a competitive pay-for-performance compensation philosophy that is in the ~~marketplace~~long-term best interests of our stockholders. Accordingly, our executive compensation program is designed to:

A● ~~significant~~Provide ~~percentage~~highly ofcompetitive ~~our~~compensation ~~digital net revenue is attributable~~ to ~~sales~~attract ~~of products~~ and ~~services~~retain ~~through~~top ~~our~~executive ~~significant~~talent; ~~partners,~~● ~~including~~Create ~~Sony,~~direct ~~Microsoft,~~alignment ~~Apple~~with ~~and~~our ~~Google.~~stockholders ~~The~~by ~~concentration~~providing ofequity aownership ~~material~~in ~~portion~~the ofCompany; ~~our~~● ~~digital~~Align ~~sales~~pay inand ~~these~~performance ~~partners~~by ~~exposes~~creating usincentives tied to ~~risks~~our ~~associated~~business ~~with~~results; ~~these~~● ~~businesses~~Reward and ~~any~~motivate ~~deterioration~~strong inindividual ~~the~~performance ~~businesses~~and ofleadership; ~~our~~and ~~significant~~● ~~partners~~Avoid ~~could~~undue ~~disrupt~~compensation-related ~~and harm our business~~risk.

~~Our~~The ~~license~~Board ~~agreements~~of ~~typically~~Directors ~~provide~~and ~~these~~the ~~partners~~Compensation ~~with~~Committee ~~significant~~believe that ~~control~~executive ~~over~~compensation ~~the~~should ~~approval~~be ~~and~~evaluated ~~distribution~~holistically. ofThey ~~the~~consider ~~products~~a ~~and~~variety ~~services~~of ~~that~~factors weto ~~develop~~guide ~~for~~ their ~~consoles,~~compensation ~~systems~~decision-making process ~~and~~for ~~devices~~our NEOs. ~~For~~These ~~products~~include ~~and~~an ~~services~~evaluation ~~delivered~~of ~~via~~market ~~digital~~trends ~~channels,~~and ~~each~~the ~~respective~~competitive ~~partner~~landscape ~~has~~for ~~policies~~executive ~~and~~talent, ~~guidelines~~which ~~that~~includes a ~~control~~review of the ~~promotion~~market ~~and~~practices ~~distribution~~ of ~~these~~our ~~titles~~peer group and ~~the~~other ~~features~~companies ~~and~~with ~~functionalities~~which ~~that~~ we ~~are~~compete ~~permitted~~for totalent. ~~offer~~By ~~through~~using ~~the~~such ~~channel.~~comparative market ~~Our~~data, ~~partners~~we ~~could~~are ~~choose~~able to ~~exclude~~assess ~~our~~the ~~products~~appropriateness and ~~services~~reasonableness ~~from, or de-emphasize the promotion~~ of ~~our~~compensation ~~products~~levels and ~~services~~mix ~~within,~~in ~~some~~order orto ~~all~~ensure ofthat our ~~their~~program ~~distribution~~aligns ~~channels~~pay inwith ~~order~~performance, tofairly ~~promote~~rewards ~~their~~our ~~own~~executives ~~products~~ and ~~services~~provides oradequate ~~those~~retention ofand ~~our~~incentive ~~competitors~~value. In addition, wein ~~are~~determining ~~dependent~~executive ~~on these partners to invest in~~compensation, ~~and upgrade,~~ the ~~capabilities~~Board of ~~their~~Directors ~~systems~~and inCompensation aCommittee ~~manner~~also ~~that~~consider ~~corresponds~~corporate toperformance, internal ~~the~~compensation ~~preferences~~alignment ofand ~~consumers.~~factors ~~Failure~~unique ~~by these partners~~ to ~~keep~~each ~~pace~~NEO, ~~with~~such ~~consumer~~as ~~preferences~~individual ~~could~~performance, ~~have~~scope anand ~~adverse~~complexity ~~impact~~of on the ~~engagement~~role, experience ~~with our products~~ and ~~services and our ability to merchandise and commercialize our products and services which could harm our business and/or financial results~~tenure.

~~Moreover,~~Process certain significant partners can determine and change unilaterally certain key terms and conditions, including the ability to change their user and developer policies and guidelines and set the rates that we must pay to provide our products and services through their online channels, and change their fee structures or adopt different fee structures for ~~their~~Determining ~~online~~Our ~~channels.~~NEOs’ ~~These partners also control the information technology systems through which online sales of our products and service are~~ Compensation

Our Compensation Committee, which consists solely of independent directors, is responsible for establishing and reviewing the overall compensation program for our NEOs, advised by their independent compensation consultant, Semler Brossy. The Compensation Committee establishes metrics and targets under our performance-based programs, as well as meets regularly throughout the year to review Company performance to date against these performance goals and to consider all other matters related to executive compensation. Semler Brossy typically attends all meetings to advise the Compensation Committee on executive compensation matters and any potential changes to our program. Semler Brossy provides no other services to the company, and the Compensation Committee has determined that Semler Brossy’s engagement did not raise any conflicts of interest. The Compensation Committee may also request input from our CEO or our Chief People Officer (CPO).

2025 Say-on-Pay Vote

At our 2025 Annual Meeting, our advisory say-on-pay proposal received the support of 90% of the votes cast. The Board of Directors and Compensation Committee believe that this favorable result affirms stockholder support for our executive compensation program and philosophy. The Compensation Committee considers this vote, among other factors, when deciding to implement any changes to our executive compensation program. With this favorable vote result, the Compensation Committee determined that the changes made to our executive compensation program in fiscal year 2025 are largely supported by our stockholders and accordingly did not make any significant changes to our fiscal year 2026 executive compensation program.

Compensation Peer Group

Each year, the Compensation Committee, with the independent compensation consultant’s advice and input, reviews and selects a group of peer companies to use as a reference to better understand the competitive market for executive talent in our industry. As part of this process, the Compensation Committee engages in a quantitative and qualitative assessment to identify companies that are similar to us, based on a combination of factors including: size; revenue and market capitalization; business fit; whether they are in relevant industry pillars or are companies with which we compete for executive talent; and other relevant factors, including the number of current peer companies that identify EA as a peer. Where some companies may not be similar in size to us based on quantitative factors, they still may be included in our peer group based on the qualitative factors described above.

For fiscal year 2026, the Compensation Committee approved a peer group of 16 companies based on the factors listed above, which remained unchanged from fiscal year 2025 (other than the removal of VMWare, Inc. following its acquisition by Broadcom Inc).

~~Table~~Gaming ofConsumer-Oriented ~~Contents~~Technology / Software Media / Entertainment Take-Two Interactive Software, Inc. Airbnb, Inc. Expedia Group, Inc. IAC Inc. Autodesk, Inc. Intuit Inc. Netflix, Inc. Block, Inc. ServiceNow, Inc. Sirius XM Holdings, Inc. Booking Holdings Inc. Synopsys, Inc. Snap Inc. eBay, Inc. Workday, Inc. Warner Bros. Discovery, Inc.

~~captured.~~The IfBoard ~~our~~of ~~partners~~Directors ~~establish~~and ~~terms~~the ~~that~~Compensation ~~restrict~~Committee ~~our~~review peer ~~offerings,~~group ~~significantly~~data ~~impact~~when assessing the ~~financial~~appropriateness ~~terms~~and onreasonableness ~~which~~of ~~these~~compensation ~~products~~levels orand ~~services~~mix. ~~are~~The ~~offered~~independent tocompensation consultant ~~our~~conducts ~~customers,~~a orcomprehensive ~~their~~analysis ~~information~~of ~~technology~~our ~~systems~~executive ~~experience~~compensation ~~outages~~program ~~that~~using ~~impact~~publicly available compensation information on our ~~players’~~peer ~~ability~~group. toThe ~~access~~peer ~~our~~group ~~games~~data oris ~~purchase~~used ~~extra~~as ~~content~~a orreference ~~cause~~rather anthan ~~unanticipated~~as ~~delay~~a instrict ~~reporting,~~guide ~~our~~for ~~business~~compensation decisions and~~/or~~ ~~financial~~retain flexibility ~~results~~in ~~could~~determining beNEO ~~materially affected~~compensation.

~~LEGAL~~Overview ~~AND~~of ~~COMPLIANCE~~Fiscal ~~RISKS~~Year 2026 Compensation Elements

~~Government~~The ~~regulations~~primary ~~applicable~~elements toof usthe ~~may~~executive ~~negatively~~compensation ~~impact~~program for our ~~business~~NEOs for fiscal year 2026 are set forth in the table below.

We are a global company subject to various and complex laws and regulations domestically and internationally, including laws and regulations related to consumer protection, protection of minors, online safety, including content moderation and transparency, advertising, information security, intellectual property, antitrust, competition, sanctions, taxation and tariffs, and employment, among others. Many of these laws and regulations are continuously evolving and developing, and the application to, and impact on, us is uncertain. Enforcement of these laws could harm our business by limiting the products and services we can offer consumers or the manner in which we offer them. The costs of compliance with these laws may increase in the future as a result of changes in applicable laws or changes to interpretation. Any failure on our part to comply with these laws or the application of these laws in an unanticipated manner may harm our business and result in penalties or significant legal liability.

	Form	Timeframe	Performance Metrics	Key Purpose
Base Salary	Cash (Fixed)	N/A	N/A	Serves as a fixed cash component that is market competitive for the role to attract and retain high-performing executives.
Annual Bonus Program	Cash (Variable)	One-year	● Non-GAAP net revenue ● Non-GAAP diluted earnings per share (“EPS”) ● Strategic business and operating objectives ● Individual achievements	Designed to motivate achievement of challenging annual performance goals that are important to our long-term growth.
Long-Term Equity Incentive Awards	Performance-Based Restricted Stock Units (PRSUs)	Three-years*	● Net bookings ● Non-GAAP operating income ● Relative total stockholder return (“TSR”) ● Absolute TSR	Designed to be a meaningful incentive focused on advancing the multi-year objectives of our long-term growth strategy, rewarding performance that drives and creates long-term stockholder value and promotes retention.
	Time-Based Restricted Stock Units (RSUs)	35-month vesting schedule	N/A	Promotes stock price appreciation, executive retention and stock ownership.
* Net bookings and non-GAAP operating income measured annually; relative TSR and absolute TSR measured over three years. Awards are paid out at the end of the full three-year period.

~~Certain~~Base of our business models and features within our products and services are subject to new laws or regulations or evolving interpretations and application of existing laws and regulations. The industry’s adoption of virtual items and virtual currency has prompted calls for new laws and regulations and resulted in the application of existing laws or regulations that have increased scrutiny on these business models and limited or restricted the sale of our products and services in certain territories. We are integrating artificial intelligence technologies into our business and development processes, and it is possible that we could become subject to new regulations, or the interpretation of existing regulations that could negatively impact our operational and financial results. Our products and services allow players to connect with each other and create and share user-generated content. Such interactions and content may be objectionable or offensive and expose us to liability and regulatory oversight, particularly as applicable global laws and regulations are introduced and evolve. New laws related to these business models and features or the interpretation or application of current laws could subject us to additional regulation and oversight, cause us to further limit or restrict the sale of our products and services or otherwise impact our products and services, lessen the engagement with, and growth of, profitable business models, and expose us to increased compliance costs, significant liability, fines, penalties and harm to our reputation and brand.Salary

WeThe ~~are~~following ~~subject~~factors toare ~~laws~~considered inwhen ~~certain~~determining ~~foreign~~NEO ~~countries,~~salaries: individual ~~and~~performance; ~~adhere~~the tomarket ~~industry~~for ~~standards~~similar ~~in the United States~~positions, ~~that~~including ~~mandate~~the ~~rating~~pay ~~requirements~~practices orfor ~~set~~comparable ~~other~~positions ~~restrictions~~at on the ~~advertisement,~~companies in ~~marketing,~~our ~~publication~~peer orgroup; ~~distribution~~level of ~~interactive~~responsibilities; ~~entertainment~~complexity ~~software~~of ~~based~~role; onexperience; ~~content.~~and Ininternal ~~addition,~~compensation ~~certain~~alignment. ~~foreign~~Base ~~countries~~salaries remained ~~allow~~unchanged ~~government~~from ~~censorship~~last ofyear, ~~interactive~~except ~~entertainment~~in ~~software~~the ~~products~~case ~~or require pre-approval processes~~ of ~~uncertain~~Mr. ~~length~~Canfield. ~~before~~Mr. ~~our~~Canfield’s ~~products~~salary ~~and~~for ~~services~~each ~~can~~of bethe ~~offered.~~past ~~Adoption~~two ~~and~~years reflected ~~enforcement~~his ofearly ~~ratings~~years ~~systems,~~in ~~censorship,~~the ~~restrictions~~CFO ~~on publication or distribution~~role, ~~and~~with ~~changes to approval processes or~~ the ~~status~~expectation ofthat ~~any~~it ~~approvals~~would ~~could~~be ~~harm~~adjusted ~~our~~in ~~business~~line bywith ~~limiting~~peer ~~the~~group ~~products~~CFO wedata ~~are~~in ~~able~~subsequent years tosubject ~~offer~~ to ~~our~~performance ~~consumers~~assessments. ~~In addition~~Accordingly, ~~compliance~~Mr. ~~with~~Canfield’s ~~new~~fiscal ~~and~~year ~~possibly~~2026 ~~inconsistent~~base ~~regulations~~salary ~~for~~was ~~different~~increased ~~territories~~to ~~could~~ be ~~costly,~~more in ~~delay~~line orwith ~~prevent~~peer ~~the~~group ~~release of our products in those territories~~practices.

We are subject to complex and prescriptive regulations, and consumer sensitivity, regarding data privacy practices.

	Base Salary for Fiscal Year 2026 ($)	% Increase from Fiscal Year 2025
Mr. Wilson	1,300,000	0%
Mr. Canfield	700,000	7.1%
Ms. Miele	825,000	0%
Ms. Singh	650,000	0%
Mr. Schatz	650,000	0%

We are subject to global data privacy, data protection, security and consumer-protection laws and regulations. These laws and regulations are emerging and evolving and the interpretation, application and enforcement of these laws and regulations often are uncertain, contradictory and changing. The failure to maintain data practices that are compliant with applicable laws and regulations, or evolving interpretations of applicable laws and regulations, could result in inquiries from enforcement agencies or direct consumer complaints, resulting in civil or criminal penalties, and could adversely impact our reputation and brand. In addition, the operational costs of compliance with these regulations is high and will likely continue to increase. Even if we remain in compliance with applicable laws and regulations, consumer sensitivity to the collection and processing of their personal information continues to increase. Any real or perceived failures in maintaining acceptable data privacy practices, including allowing improper or unauthorized access, acquisition or misuse and/or uninformed disclosure of consumer, employee and other information, or a perception that we do not adequately secure this information or provide consumers with adequate notice about the information that they authorize us to collect and disclose could result in brand, reputational, or other harms to the business, result in costly remedial measures, deter current and potential customers from using our products and services and cause our financial results to be materially affected.

~~Table~~Annual ofPerformance ~~Contents~~Cash Bonus Awards

~~Third~~Payouts ~~party vendors and business partners receive access~~ to ~~certain information that we collect. These vendors and business partners may not prevent data security breaches with respect to the information we provide them or fully enforce~~ our ~~policies,~~NEOs ~~contractual~~in ~~obligations and disclosures regarding~~ the ~~collection,~~Executive ~~use,~~Bonus ~~storage,~~Plan ~~transfer~~(under ~~and retention of personal data. A data security breach of one of~~ our ~~vendors~~Annual Bonus orProgram) ~~business~~are ~~partners~~calculated ~~could~~as cause reputational and financial harm to them and us, negatively impact our ability to offer our products and services, and could result in legal liability, costly remedial measures, governmental and regulatory investigations, harm our profitability, reputation and brand, and/or cause our financial results to be materially affected.follows:

We may be subject to claims of infringement of third-party intellectual property rights.

BASE
SALARY

TARGET
BONUS
PERCENTAGE
(% OF BASE
SALARY)

COMPANY PERFORMANCE
(COMPANY BONUS POOL FUNDING)

INDIVIDUAL
PERFORMANCE
MODIFIER
(IPM)

NEO BONUS
PAYOUT

70-50%

Company
Financial
Performance

30-50%

Company
Business
Performance

~~From~~Within ~~time to time, third parties may claim that we have infringed their intellectual property rights. Although we take steps to avoid knowingly violating~~ the ~~intellectual~~company ~~property~~performance ~~rights of others~~component, iteach subcomponent is weighted ~~possible~~as that third parties still may claim infringement. Existing or future infringement claims against us may be expensive to defend and divert the attention of our employees from business operations. Such claims or litigation could require us to pay damages and other costs. We also could be required to stop selling, distributing or supporting products, features or services which incorporate the affected intellectual property rights, redesign products, features or services to avoid infringement, or obtain a license, all of which could be costly and harm our business.follows:

In● ~~addition,~~Mr. ~~many~~Wilson: ~~patents~~70% ~~have~~financial ~~been~~performance ~~issued~~and ~~that~~30% ~~may~~business ~~apply~~performance; to● ~~potential~~Mr. ~~new~~Canfield ~~modes~~and ofMs. ~~delivering,~~Miele: ~~playing~~60% orfinancial ~~monetizing~~performance ~~products~~ and ~~services~~40% ~~such~~business asperformance; ~~those~~and ~~that~~● ~~we produce or would like to offer in the future~~Ms. WeSingh ~~may discover that future opportunities to provide new~~ and ~~innovative~~Mr. ~~modes~~Schatz: of50% ~~game~~financial ~~play~~performance and ~~game~~50% ~~delivery~~business ~~may be precluded by existing patents that we are unable to acquire or license on reasonable terms~~performance.

~~From~~The ~~time~~Compensation toCommittee ~~time~~believes wethat ~~may~~this ~~become~~mixed ~~involved~~funding informula is ~~other~~appropriate ~~legal~~because ~~proceedings~~it balances our annual financial performance with our execution against strategic and operating objectives, which are critical drivers of our long-term success. The corresponding timeline for our Executive Bonus Plan is set forth below.

We1 ~~are~~Approve ~~currently,~~Target ~~and~~Bonus ~~from~~Percentages ~~time to time in the future may become, subject to legal proceedings, claims, litigation~~ and ~~government~~Maximum ~~investigations~~Award or inquiries, which could be expensive, lengthy, disruptive to normal business operations and occupy a significant amount of our employees’ time and attention. In addition, the outcome of any legal proceedings, claims, litigation, investigations or inquiries may be difficult to predict and could have a material adverse effect on our business, reputation, operating results, or financial condition.Amounts

~~Our~~Each ~~products~~fiscal year, the Compensation Committee—or the Board of Directors, in the case of Mr. Wilson—sets the amount of the target annual bonus as a percentage of each NEO’s base salary (“target bonus”) and ~~brands~~approved fiscal year 2026 target bonus opportunities as set forth below. Based on its annual compensation review in coordination with its independent compensation consultant, the Compensation Committee determined there would be no target bonus opportunity increases for our NEOs. Under our Executive Bonus Plan, bonuses for our NEOs are ~~subject~~capped toat ~~intellectual~~two ~~property~~times the ~~infringement~~target bonus opportunity for each NEO. In addition, ~~including~~our inCEO ~~jurisdictions~~receives ~~that~~no dobonus ~~not~~payout ~~adequately~~if ~~protect~~our net income is less than 80% of our ~~products~~fiscal ~~and~~year ~~intellectual~~2026 ~~property~~financial ~~rights~~plan.

We regard our products, brands and intellectual property as proprietary and take measures to protect our assets from infringement. We are aware that some unauthorized copying of our products and brands occurs, and if a significantly greater amount were to occur, it could negatively impact our business. Further, our products and services are available worldwide and the laws of some countries, particularly in Asia, either do not protect our products, brands and intellectual property to the same extent as the laws of the United States or are poorly enforced. Legal protection of our rights may be ineffective in countries with weaker intellectual property enforcement mechanisms. In addition, certain third parties have registered our intellectual property rights without authorization in foreign countries. Successfully registering such intellectual property rights could limit or restrict our ability to offer products and services based on such rights in those countries. Although we take steps to enforce and police our rights, our practices and methodologies may not be effective against all eventualities.

	Bonus Eligible Salary for Fiscal Year 2026 ($)	Target Bonus Opportunity for Fiscal Year 2026	% Increase from Fiscal Year 2025
Mr. Wilson	1,300,000	250%	0%
Mr. Canfield	700,000	100%	0%
Ms. Miele	825,000	125%	0%
Ms. Singh	650,000	100%	0%
Mr. Schatz	650,000	100%	0%

~~FINANCIAL~~2 ~~RISKS~~Set Performance Goals & 3 Determine Company Bonus Pool Funding

~~Our~~Financial ~~financial results are subject to currency and interest rate fluctuations.~~Performance

~~International~~For ~~sales~~the ~~are~~financial aperformance ~~fundamental~~component ~~part~~ of our ~~business. For our~~ fiscal year ~~ended March 31,~~ 2026, Company ~~international~~bonus ~~net~~pool ~~revenue comprised 60 percent of our total net revenue~~funding, ~~and~~the weCompensation ~~expect~~Committee ~~our~~approved ~~international~~the ~~business~~following totwo ~~continue~~equally toweighted ~~account~~Company ~~for~~financial aperformance metrics ~~significant~~and ~~portion~~targets: ofnon-GAAP ~~our total~~ net revenue. ~~As a result~~ of ~~our~~$7.850 ~~international~~billion ~~sales,~~ and ~~also~~non-GAAP ~~the~~diluted ~~denomination~~earnings ofper ~~our~~share ~~foreign~~(inclusive ~~investments~~of ~~and~~bonus ~~our cash and cash equivalents in foreign currencies, we are exposed to the effects~~ expense) of ~~fluctuations in foreign currency exchange rates~~$9.08, and ~~volatility~~subject ~~in foreign currency exchange rates remains elevated as compared~~ to ~~historic~~threshold levels. Weof ~~use~~performance. ~~foreign~~The ~~currency~~Compensation ~~hedging~~Committee ~~contracts~~believed tothat ~~mitigate some foreign currency risk. However,~~ these ~~activities~~two ~~are~~objective ~~limited~~financial measures inserve ~~the~~as ~~protection~~clear ~~they~~goals ~~provide~~for usmanagement ~~from~~to ~~foreign~~drive ~~currency~~top-line ~~fluctuations~~growth and ~~can~~profitability ~~themselves~~with ~~result~~responsible incost ~~losses~~management. InAgainst those ~~addition~~targets, ~~interest~~actual ~~rate~~performance ~~volatility~~for ~~can~~FY26 ~~decrease~~was ~~the~~as ~~amount of interest earned on our cash, cash equivalents and short-term investment portfolio.~~follows:

	Threshold	Target	Maximum	Actual Results
Non-GAAP Net Revenue (in billions)	$ 6.705	$ 7.850	$ 9.028	$ 8.026
Non-GAAP Diluted Earnings per Share (inclusive of bonus expense) (in billions)	$ 6.81	$ 9.08	$ 11.35	$ 8.88
Payout Percentage (as % of target)	50%	100%	200%	106.2%

The above non-GAAP measures adjust for certain items that may not be indicative of the Company’s core business, operating results, or future outlook. For more information regarding our use of non-GAAP financial measures for our compensation programs, please refer to the “Supplemental Information” section that follows below.

Business Performance

For the Company business performance component of our bonus pool funding, the Compensation Committee assesses performance against the Company’s business and strategic priorities and objectives that were previously established for the fiscal year and approved by our Board of Directors. We implemented an enterprise-level scorecard for the business and strategic performance objectives that drive funding of the Company bonus pool. For fiscal year 2026, the scorecard measures our performance against specific goals for several weighted key strategic objectives established for the fiscal year. The Compensation Committee reviews Company attainment against these goals and objectives periodically during the fiscal year. The specific objectives for fiscal year 2026 are discussed further below.

~~Table~~COMPANY ofBUSINESS ~~Contents~~PERFORMANCE

WeFor ~~utilize~~fiscal ~~debt~~year ~~financing~~2026, ~~and~~the ~~such~~Compensation ~~indebtedness~~Committee ~~could~~approved ~~adversely~~a ~~impact~~funding percentage ~~our~~of 110% for the business performance component, based on its evaluation of our achievements against the pre-determined strategic and ~~financial~~operating ~~condition~~objectives highlighted below.

We● ~~have~~Building ~~Senior~~games Notes outstanding, as well as a Credit Facility. While the Credit Facility is currently undrawn, we may use the proceeds of any future borrowings for general corporate purposes. This indebtedness could affect our financial condition and ~~future~~experiences ~~financial~~that ~~results~~entertain ~~by,~~massive ~~among~~online ~~other~~communities ~~things,~~(weighted ~~requiring~~30%) ~~the~~had ~~dedication of a substantial portion of any cash flow from operations to~~ the ~~repayment~~following offranchise ~~indebtedness and increasing our vulnerability to downturns in our business or adverse changes in general economic and industry conditions.~~outcomes:

~~The~~● ~~agreements~~Battlefield ~~governing~~- ~~our~~achieved ~~indebtedness~~meeting ~~impose~~all ~~restrictions~~milestones onfor usa ~~and~~high-quality ~~require~~launch usof toBattlefield ~~maintain~~6 ~~compliance~~ with ~~specified~~positive ~~covenants.~~critical Inreviews ~~particular,~~and ~~the~~stable ~~Credit~~services ~~Facility~~and ~~requires~~gameplay, ~~us to maintain compliance~~ with ainterim ~~debt~~milestones torelated ~~EBITDA ratio. Our ability~~ to ~~comply~~future ~~with~~launches ~~these~~being ~~covenants~~met ~~may~~● beEA ~~affected~~SPORTS byFC ~~events~~- ~~beyond~~achieved ~~our~~meeting ~~control.~~specified Ifretention wegoal, ~~breach~~meeting ~~any~~audience ofgrowth ~~these~~targets ~~covenants~~for ~~and~~FC doMobile ~~not~~in ~~obtain~~specified ~~a waiver from the lenders or noteholders~~geography, ~~then,~~and ~~subject~~meeting tokey ~~applicable~~product ~~cure~~execution ~~periods,~~milestones ~~our~~● ~~outstanding~~Apex ~~indebtedness~~- ~~may~~achieved bedelivering ~~declared~~on ~~immediately~~project ~~due~~plan and ~~payable.~~executing ~~There~~on ~~can~~strategic besteps no● ~~assurance~~Skate ~~that~~- ~~any~~achieved ~~refinancing~~delivering orearly ~~additional~~access ~~financing~~across ~~would~~multiple beplatforms ~~available~~and onsurpassing ~~terms~~player ~~that~~goal ~~are~~● ~~favorable~~EA orSPORTS ~~acceptable~~American toFootball ~~us,~~- ifsurpassed atspecified ~~all.~~purchase ~~In addition~~goal, ~~changes~~though bypartially ~~any~~met ~~rating~~on ~~agency~~a tospecified ~~our~~milestone ~~credit~~● ~~rating~~The ~~may~~Sims ~~negatively~~– ~~impact~~achieved ~~the value and liquidity of both our debt and equity securities,~~ as ~~well as the potential costs associated with new issuances or any potential refinancing of existing issuances. Downgrades in our credit rating could also restrict our ability~~ to ~~obtain~~launching ~~additional~~UGC ~~financing~~creator inmarketplace, ~~the~~though ~~future~~partially ~~and~~met ~~could~~on ~~affect~~a ~~the~~specified ~~terms of any such financing.~~milestone

~~Changes~~● Managing the company’s business resilience in an unpredictable external environment (20%) was achieved through the announcement of the take-private acquisition, which was approved by approximately 99.1% of EA stockholders who voted, the highly successful Battlefield launch, and proactive management of regulatory matters. ● Harnessing the power of communities in, around, and beyond our ~~tax~~games ~~rates~~(15%) orwas ~~exposure~~achieved through the EA SPORTS app going live across key international markets and surpassing user goals, the development of specified long-term UGX strategies for major franchises and adopting specific enterprise-level UGX capabilities into certain franchise, and by expanding ad tech programmatic capabilities. Specified ad revenue more than doubled year over year. ● Executing a bold GenAI strategy to ~~additional~~power ~~tax~~company ~~liabilities~~efficiency, expansion/transformation (10%) was achieved on goals for transformation (by entering into key strategic AI partnerships, launching a GenAI investment framework and ~~changes~~using AI to ~~tax~~advance ~~laws~~research), expansion (new opportunities for competitive play and ~~interpretations~~new ofnarratives), ~~tax~~and ~~laws~~efficiency ~~could~~(by ~~adversely~~establishing ~~affect~~AI adoption targets and driving meaningful usage in priority areas). ● Creating blockbuster interactive storytelling (10%) was achieved by meeting deadlines and milestones related to in-development games. ● Attracting and retaining the best talent for our ~~earnings~~future (10%) were achieved with respect to surpassing the critical talent retention goal by 10 points and ~~financial~~successfully ~~condition~~rolling out our transition to a new work model for our offices, and nearly achieved on the employee survey score (missed by one point). ● Progressing our sustainability efforts (5%) was achieved by maintaining carbon neutrality across North America and Europe and surpassing the supplier engagement goal by 8 points.

We4 ~~are~~Conduct ~~subject~~Individual toPerformance ~~taxes~~Assessments ~~in the United States~~ and inDetermine various foreign jurisdictions. Significant judgment is required in determining our worldwide income tax provision, tax assets, and accruals for other taxes, and the ultimate tax determination is uncertain for many transactions. Our effective income tax rate is based in part on our corporate operating structure and how we operate our business and develop, value, and use our intellectual property. Taxing authorities in jurisdictions in which we operate have challenged and audited, and may continue to, challenge and audit, our methodologies for calculating our income taxes, which could have a material impact on our effective income tax rate and cash taxes. In addition, our provision for income taxes is materially affected by our profit levels, changes in our business, changes in our geographic mix of earnings, changes in the elections we make, changes in our corporate structure, or changes in applicable accounting rules, as well as other factors. IPMs

~~Changes~~Individual toperformance ~~enacted~~is ~~U.S.~~a ~~federal,~~key ~~state~~factor orin ~~international~~determining ~~tax~~the ~~laws, as well as changes to interpretations~~ amount of ~~existing~~each ~~tax~~NEO’s ~~laws,~~annual ~~particularly~~bonus. inEach ~~Switzerland~~year, ~~where~~the ~~our~~Board ~~international~~of ~~business~~Directors isfor ~~headquartered,~~Mr. Wilson—and ~~actions~~the weCompensation ~~have~~Committee, ~~taken~~ in ~~our business~~ consultation with ~~respect~~Mr. toWilson ~~such laws, have affected,~~ and ~~could~~Ms. ~~continue~~Singh to(our ~~affect~~CPO), ~~our~~for ~~effective~~all ~~tax~~NEOs ~~rates~~except ~~and~~Mr. ~~cash~~Wilson—review ~~taxes,~~ and ~~could~~approve ~~cause~~the usindividual toperformance ~~change~~objectives for the ~~way~~NEOs. ~~in which we structure our business and result in other costs~~Mr. ~~For~~Wilson’s ~~example,~~individual ~~the~~performance ~~European~~objectives ~~Union~~for ~~and~~fiscal ~~other~~year ~~countries,~~2026 ~~including~~are ~~Switzerland,~~based ~~have~~on ~~enacted~~non-GAAP orfinancial ~~have committed to enact global minimum taxes, commonly referred to as Pillar II, as proposed by the Organization for Economic Cooperation~~ objectives and ~~Development,~~strategic ~~which could impact our provision for income taxes~~ and ~~cash~~operating ~~taxes~~objectives. ~~Our~~For ~~effective~~all ~~tax~~other ~~rate also could be adversely affected by changes in the measurement of our deferred income taxes~~NEOs, ~~including~~ the ~~need~~individual ~~for~~objectives ~~valuation~~are ~~allowances~~based ~~against~~on ~~deferred~~strategic ~~tax~~and ~~assets.~~operating ~~Our~~objectives tailored ~~valuation~~to ~~allowances,~~the infunctions ~~turn,~~led ~~are impacted~~ by ~~several~~each ~~factors~~NEO ~~with~~and ~~respect~~aligned to ~~our business, industry, and~~ the ~~macroeconomic~~achievement ~~environments,~~of ~~including~~our ~~changing~~overall ~~interest~~fiscal ~~rates~~year ~~and~~2026 ~~tax~~plan ~~laws.~~approved ~~Significant~~by ~~judgment is involved in determining~~ the ~~amount~~ Board of ~~valuation allowances~~Directors, ~~and~~as ~~actual~~well ~~financial~~as ~~results~~qualitative ~~also~~factors ~~may~~including ~~differ~~leadership ~~materially from our current estimates~~ and ~~could~~talent ~~have a material impact on our assessments~~development.

WeAt ~~are~~the ~~required~~end toof ~~pay~~each ~~taxes~~fiscal ~~other~~year, ~~than~~the ~~income~~Board ~~taxes,~~of ~~such~~Directors asfor ~~payroll,~~Mr. Wilson—and ~~sales,~~the ~~use,~~Compensation ~~value-added~~Committee, ~~net~~in ~~worth,~~consultation ~~property,~~with ~~transfer,~~Mr. Wilson and ~~goods~~Ms. Singh—assess the individual performance of our NEOs and ~~services~~determine ~~taxes~~each NEO’s individual performance modifier, inor ~~both~~IPM, ~~the~~at ~~United~~a ~~States~~percentage between 0% and ~~foreign~~200% ~~jurisdictions.~~(subject to ~~Several~~the ~~foreign~~overall ~~jurisdictions~~cap ~~have~~of ~~introduced~~2x ~~new~~target ~~digital~~bonus ~~services~~for ~~taxes~~the onannual ~~revenue~~cash ofbonus ~~companies~~award). ~~that~~Individual ~~provide~~assessments ~~certain~~were ~~digital~~based ~~services~~on oreach ~~expanded~~executive’s performance, ~~their~~considering ~~interpretation~~his ofor ~~existing~~her ~~tax~~overall ~~laws~~performance ~~with~~for ~~regard~~the toyear; ~~other~~impact ~~non-income~~on ~~taxes.~~our ~~The~~business ~~guidance~~and ~~about~~culture; demonstrated results; the ~~applicability~~executive’s strong leadership; and execution of ~~these~~key ~~new~~objectives. ~~taxes~~No tosingle factor was determinative. For our ~~business~~CEO, isthe Board ~~limited~~of ~~and~~Directors ~~significant~~considers ~~uncertainty~~achievement ~~exists~~of asthe tofinancial ~~what~~and ~~will~~strategic beobjectives ~~deemed~~that inwere ~~scope~~established for Mr. IfWilson ~~these~~for ~~foreign~~the fiscal ~~taxes~~year, ~~are~~and ~~applied~~takes a holistic approach to ~~us,~~evaluating ithis ~~could~~performance ~~have~~without anassigning ~~adverse~~a ~~and~~specific ~~material~~weighting ~~impact~~to onany ~~our~~one ~~business~~factor within ~~and~~each ~~financial~~of ~~performance~~these two categories.

~~GENERAL~~Fiscal ~~RISKS~~Year 2026 Performance Cash Bonus Awards

~~Our~~The ~~business~~Board isof ~~subject~~Directors tofor ~~economic,~~Mr. ~~market~~Wilson—and the Compensation Committee, ~~public~~in ~~health~~consultation with Mr. Wilson and ~~geopolitical~~Ms. ~~conditions~~Singh, for all other NEOs—approved actual performance cash bonus payouts for the NEOs for fiscal year 2026, as set forth below.

Our business is subject to economic, market, public health and geopolitical conditions, which are beyond our control. The United States and other international economies have experienced cyclical downturns from time to time. Worsening economic conditions, political instability, and political developments in or around any of the countries in which we do business, particularly conditions that negatively impact discretionary consumer spending and consumer demand or increase our operating costs, including conflicts, inflation, slower growth, recession and other macroeconomic conditions have had, and could continue to have, a material adverse impact on our business and operating results. In addition, relations between the United States and

	Target Annual Bonus ($)	Executive Bonus Pool Funding Percentage	Individual Performance Modifier	Actual Bonus for Fiscal Year 2026 ($)
Mr. Wilson	3,250,000	107.3%	186%	6,500,000
Mr. Canfield	700,000	107.7%	188%	1,500,000
Ms. Miele	1,031,250	107.7%	108%	1,200,000
Ms. Singh	650,000	108.1%	128%	900,000
Mr. Schatz	650,000	108.1%	142%	1,000,000

~~Table~~Long-Term ofEquity ~~Contents~~Incentives—Fiscal Year 2026 Awards

~~countries~~Our inNEOs ~~which~~are weawarded ~~have~~PRSUs ~~operations~~that ~~and~~are ~~sales~~subject ~~have~~to ~~been~~a ~~impacted~~three-year bycliff vesting ~~events~~date, ~~such~~with asmetrics ~~immigration~~that ~~policies~~incentivize ~~and~~our ~~the~~NEOs ~~adoption~~to ordrive ~~expansion~~top-line ofand ~~trade~~bottom-line ~~restrictions,~~growth. ~~including~~In ~~tariffs~~addition, ~~and~~NEOs ~~economic~~are ~~sanctions,~~awarded RSUs that ~~may~~vest ~~have~~over a ~~material~~35-month ~~impact~~time-based onvesting ~~our~~period ~~operations~~schedule, ~~and~~subject ~~financial~~to ~~results.~~continued ~~For~~service ~~example,~~with the ~~imposition~~Company. ofThe ~~tariffs~~PRSU byand ~~the~~RSU ~~U.S.~~components are ~~government~~weighted onas ~~imported~~follows ~~goods~~(before ~~and~~ any ~~retaliatory~~aTSR ~~tariffs~~(defined ~~from~~below) ~~foreign~~units ~~governments~~are ~~could~~earned): ~~result~~Mr. inWilson, ~~increased~~Mr. ~~costs~~Canfield and ~~uncertainty~~Ms. ~~that~~Miele: ~~may~~60% ~~negatively~~PRSUs ~~affect~~and 40% ~~global~~RSUs; ~~economic conditions~~ and ~~activity~~Ms. Singh and ~~negatively~~Mr. ~~affect~~Schatz: ~~our~~50% ~~business~~PRSUs and ~~the~~50% ~~businesses of our partners~~RSUs.

WeIn ~~are~~May ~~particularly~~2025, ~~susceptible~~the toCompensation ~~market conditions~~ Committee—and ~~risks associated with~~ the ~~entertainment~~Board ~~industry,~~of Directors ~~which,~~for inMr. ~~addition~~Wilson—approved tofiscal ~~general~~year ~~macroeconomic~~2026 ~~downturns,~~annual ~~also~~equity ~~include~~awards ~~the~~for ~~popularity, price and timing of~~ our ~~products~~NEOs ~~and~~at ~~services,~~the ~~changes~~time inbased ~~consumer~~on ~~demographics,~~ the ~~availability~~factors ~~and~~discussed further ~~popularity of other forms of entertainment~~below, ~~and~~as ~~critical reviews and public tastes and preferences, among other factors which may change rapidly and cannot necessarily be predicted.~~follows:

Our stock price has been volatile and may continue to fluctuate significantly.

	Target Performance Based RSUs ($)
Mr. Wilson	15,000,000
Mr. Canfield	4,800,000
Ms. Miele	6,000,000
Ms. Singh	3,000,000
Mr. Schatz	3,000,000

~~The market price of our common stock historically has been~~Furthermore, ~~and~~an weopportunity ~~expect will continue~~ to ~~be,~~earn ~~subject~~additional tounits ~~significant~~based ~~fluctuations.~~on stretch ~~These~~absolute ~~fluctuations~~TSR ~~may be due to our operating results or factors specific to our operating results~~ (~~including those discussed in the risk factors above~~“aTSR”), ~~changes~~achievement inapplies ~~securities~~to ~~analysts’~~these ~~estimates~~awards. ofFor ~~our~~each ~~future~~respective ~~financial performance~~NEO, ~~ratings or recommendations,~~ the ~~failure~~number of ~~our~~such ~~capital~~units that ~~return~~may ~~programs~~be toearned ~~meet~~for ~~analysts’~~target ~~and~~absolute ~~investors’~~TSR expectations, the announcement of, or speculation related to, mergers and acquisitions activity and integration of acquisitions, departure of key personnel, cyberattacks, or factors largely outside of our control including those affecting interactive gaming, entertainment, and/or technology companies generally, national or international economic conditions, investor sentiment or other factors related or unrelated to our operating performance. Inis ~~particular,~~equal ~~economic downturns may contribute~~ to ~~the public stock markets experiencing extreme price and trading volume volatility~~37.5% ~~These~~of ~~fluctuations could adversely affect~~ the ~~market~~target ~~price~~units ofindicated ~~our common stock~~above.

The market price of our common stock is sensitive to our ability to forecast our financial and operating results and meet these projections and the expectations of analysts and investors. Forecasting future financial and operating results in our industry is inherently challenging, including with respect to products and services that historically have provided relatively stable financial results, such as our live services, annualized sports titles, and our console, PC and mobile catalog titles. The financial projections we may provide to the public, any changes to those projections, or the failure to meet these projections or the expectations of analysts and investors may adversely affect the market price of our common stock.

	Time-Based RSUs ($)
Mr. Wilson	10,000,000
Mr. Canfield	3,200,000
Ms. Miele	4,000,000
Ms. Singh	3,000,000
Mr. Schatz	3,000,000

The above awards were consistent with the fiscal year 2025 awards and were approved by the Compensation Committee following a benchmarking analysis against peer group companies or broader industry data (if peer group data was not available for a position) conducted by Semler Brossy. Our equity compensation mix (performance-based versus time-based weighting) is intended to drive greater company performance in the form of variable at-risk pay to ensure alignment with stockholders. Furthermore, the three-year vesting periods of our equity awards promote long-term retention of a strong leadership team in an industry and geographic area that is highly competitive for executive talent.

Performance-Based Restricted Stock Units

Each tranche of the fiscal year 2026 PRSU awards (“2026 Awards”) is eligible to vest based on the achievement of the following measures during the three-year performance period covering fiscal years 2026 through 2028:

	(1)	Net Bookings PRSUs (1/3): annual net bookings performance for each fiscal year during the three-year performance period, with targets established each fiscal year;
	(2)	Non-GAAP Operating Income PRSUs (1/3): annual operating income performance for each fiscal year during the three-year performance period, with targets established each fiscal year; and
	(3)	Relative TSR (“rTSR”) PRSUs (1/3): relative TSR performance compared to the S&P 500 Index over three-year performance period.

An opportunity to earn additional units on the underlying PRSU award based on absolute TSR achievement also applies. Payout requires meaningful absolute TSR performance over the entire three-year performance period and is designed to incentivize delivering significant upside growth, as described under the “Absolute TSR PRSUs” section further below. This absolute TSR metric is intended to apply in future years.

Net Bookings PRSUs and Non-GAAP Operating Income PRSUs

We use net bookings and non-GAAP operating income metrics in our PRSU program as they are key indicators of our top-line and bottom-line performance and balance growth and investment spending to deliver long-term results and generate stockholder return. These metrics measure the Company’s annual financial performance and provide a balance to the three-year relative and absolute TSR metrics. The metrics are subject to the following funding curves:

	Below Threshold	Threshold	Target	Maximum
Net Bookings (as a % of Financial Plan⁽¹⁾)	< 90%	≥ 90%	≥ 100%	≥ 110%
Non-GAAP Operating Income (as a % of Financial Plan⁽¹⁾)	< 88%	≥ 88%	≥ 100%	≥ 112%
Payout Percentage⁽²⁾(as a % of Target)	0%	50%	100%	200%

	⁽¹⁾	Financial Plan is the Company’s Board-approved financial plan for each relevant fiscal year.
	⁽²⁾	The payout percentage is expressed as a % of target for each sub-tranche; the payout percentage for achievement between the percentages designated above will be interpolated on a straight-line basis.

~~Table~~Earned ofbased ~~Contents~~on Fiscal Year 2026 Performance

Item 1B: Unresolved Staff Comments

	Threshold	Target	Maximum	Actual Results
Net Bookings (in billions)	$ 6.705	$ 7.850	$ 8.635	$ 8.026
Non-GAAP Operating Income (in billions)	$ 1.967	$ 2.550	$ 2.856	$ 2.444
Payout Percentage (as % of target)	50%	100%	200%	106.7%

~~None~~The “Supplemental Information” section that follows below provides a reconciliation between our non-GAAP financial measures and our audited financial statements.

~~Item~~Relative ~~1C: Cybersecurity~~TSR PRSUs

InPayouts ~~the~~are ~~ordinary~~subject ~~course~~to ofthe ~~our~~following ~~business,~~guardrails: weNo ~~collect,~~payout ~~use,~~will be ~~store,~~earned ~~and~~if ~~digitally transmit confidential and personal information. The secure maintenance of this information and~~ our ~~information~~rTSR ~~technology systems~~ is ~~important~~below ~~to our operations, business strategy, and maintaining~~ the ~~trust~~25th ~~of our players~~percentile, ~~employees,~~payouts ~~and~~are ~~partners.~~capped Toat ~~this~~target ~~end,~~if ~~we have implemented policies, practices and programs designed to assess, identify, and manage risks from potential unauthorized occurrences on or through~~ our ~~information~~TSR ~~technology~~is ~~systems~~negative ~~that may result in adverse effects~~ on ~~the~~an ~~confidentiality,~~absolute ~~integrity~~basis, and any ~~availability~~payouts ~~of these systems and the data residing therein. These processes~~ are ~~managed~~capped ~~and~~at ~~monitored~~200% by dedicated information technology security teams, which are led by our Chief Information Security Officer. They include mechanisms, controls, technologies, systems, and other processes designed to maintain a stable information technology environment and protect against unauthorized access, use, destruction, modification or disclosure of confidential and personal information, and other information security incidents affecting our operations or the availability of our products and services. For example, we invest in tools to detect suspicious activity in accounts, give players the ability to use two-factor authentication and work to prevent the creation of mass user accounts. target:

We also regularly test our defenses through penetration and vulnerability testing. We implement controls and procedures designed to mitigate risk with third-party vendors and business partners who have access to confidential and personal information, including by conducting a formalized security risk assessment. Security risks identified in security risk assessments are remediated, and/or formally documented, and in some cases the business relationship may be ended or not pursued. Our employees and certain contractors are required to complete mandatory annual security training. These trainings raise awareness of security practices and educate employees to protect information assets and infrastructure. We consult with outside advisors and experts when appropriate to assist in assessing, identifying and managing cybersecurity risks, including providing an independent analysis of our preparedness, assessing and managing the current risk environment and assisting us in preparing for future threats and trends.

	Performance	Payout⁽¹⁾(as % of Target PRSUs)
Below Threshold	< 25^thpercentile	0%
Threshold	25^thpercentile	30%
Target	55^thpercentile	100%
Maximum	90^thpercentile	200%

~~Our~~(1) ~~Chief~~The ~~Information~~payout ~~Security~~percentage ~~Officer,~~for ~~who~~performance ~~reports~~between ~~directly~~the to25th ~~our Chief Technology Officer, has extensive experience managing information technology~~ and ~~cybersecurity~~90th ~~matters~~percentiles ~~and~~will isbe ~~responsible~~interpolated ~~for~~on ~~assessing~~a ~~and~~straight-line ~~managing cybersecurity risks~~basis. ~~Risks~~If ~~associated with cybersecurity are integrated into~~ our ~~overall~~TSR ~~enterprise-risk~~is ~~assessment~~negative ~~and~~on ~~more~~an ~~closely~~absolute ~~monitored~~basis byat ~~our~~the ~~information~~end ~~technology~~of ~~security~~the ~~teams.~~three-year Weperformance ~~face ongoing cybersecurity risks that~~period, ~~if realized, could materially impact our business, operations and financial results. During~~ the ~~reporting~~number ~~period,~~of weRelative ~~did~~TSR ~~not~~PRSUs ~~experience any cybersecurity incident~~ that ~~has~~can ~~had,~~be orearned is ~~reasonably~~capped ~~likely~~at to100% ~~have~~of target, aregardless ~~material~~of ~~impact~~whether onthe ~~our~~Company’s ~~operations~~Relative orTSR ~~financial~~percentile ~~results. Additional information on cybersecurity risks we face~~ is ~~discussed~~ranked inat ~~Part~~or I,above ~~Item~~the ~~1A,~~55th ~~“Risk~~percentile ~~Factors,”~~at ~~under~~ the ~~heading~~end ~~“We~~of ~~have~~the ~~and~~three-year ~~may~~performance ~~continue to experience security breaches and cyber threats~~period.”

~~Our~~Prior ~~Board~~PRSU ofAwards. ~~Directors~~The ~~maintains~~rTSR ~~ultimate~~component ~~oversight~~of ~~over~~the ~~risks~~2026 ~~associated~~Awards will ~~with~~be ~~cybersecurity~~measured ~~and receives updates~~ at ~~least~~the ~~annually~~end ~~from~~of ~~our~~the ~~Chief~~three-year ~~Information~~performance ~~Security~~period ~~Officer.~~covering Infiscal ~~addition,~~years ~~our~~2026 ~~Audit~~through ~~Committee,~~2028. ~~which~~The isgraphic ~~composed~~below ~~solely~~illustrates the ofRelative ~~independent~~TSR ~~directors,~~PRSUs ~~receives~~that ~~updates~~were ~~from~~earned ~~our~~under ~~Chief~~the ~~Information~~2024 ~~Security~~Awards, ~~Officer~~which onvested ain ~~quarterly~~May ~~basis~~2026, and ~~more~~reflected ~~frequently~~in ~~as appropriate, that provide additional detail about~~ the ~~steps~~applicable wecompensation tables ~~take to monitor and mitigate these risks~~herein.

Item 2: Properties

Measurement
Period

Beginning
Average Stock
Price (90 Day
Average)

Ending
Average Stock
Price (90 Day
Average)

EA TSR

Relative TSR
Percentile

Vest Date

% of Target
rTSR PRSUs
that vested in
May 2026

FY 2024 Relative TSR PRSUs
Granted June 2023

36-month
period ending
March 28, 2026

$117.51

$205.31

74.7%

67^th

May 2026

134.3%

~~Not~~As described in last year’s Proxy Statement, the third tranche of our fiscal year 2023 PRSU awards vested in May 2025, and their related values are reflected in the applicable compensation tables included in this Amendment.

~~Item~~Absolute ~~3: Legal~~TSR ~~Proceedings~~PRSUs

~~Refer~~The toabsolute ~~Note~~TSR 13component of the ~~Notes~~PRSU toprogram ~~the~~is ~~Consolidated~~structured as ~~Financial~~a ~~Statements~~modifier ~~included~~to inthe ~~Item~~target 8PRSU ofaward ~~this~~opportunity ~~Annual~~for ~~Report~~each onNEO ~~Form~~and ~~10-K~~has ~~for~~the ~~disclosures~~following ~~regarding our legal proceedings.~~features:

~~Item~~● ~~4: Mine~~Units ~~Safety~~may ~~Disclosures~~be earned based on our absolute TSR performance over the three-year performance period covering fiscal years 2026 through 2028, and any units so earned will be eligible to vest on May 16, 2028. ● No units under this metric will be earned if a meaningful threshold level of absolute TSR performance is not achieved. This means that no payouts would occur unless our three-year absolute TSR performance exceeds 25%. ● The maximum number of units that may be earned is capped at 200% of the target number of Absolute TSR PRSUs granted, as shown in the table below.

Not applicable.

	Absolute TSR Performance over fiscal years 2026 through 2028	Payout⁽¹⁾ (as % of Target Absolute TSR PRSUs)
Below Threshold	25%	0%
Target	50%	100%⁽²⁾
Maximum	75%	200%⁽³⁾

⁽¹⁾

The payout percentage for performance between 25% and 75% will be interpolated on a straight-line basis.

⁽²⁾

37.5% of the target number of the standard program (i.e., Net Bookings, Non-GAAP Operating Income and Relative TSR) PRSUs granted.

⁽³⁾

75% of the target number of the standard program (i.e., Net Bookings, Non-GAAP Operating Income and Relative TSR) PRSUs granted.

~~Table~~Time-Based ofRestricted ~~Contents~~Stock Units

~~PART~~RSUs IIreward absolute long-term stock price appreciation, promote retention, facilitate stock ownership and align our NEOs’ interests with those of our stockholders. RSU awards granted to our NEOs as part of their fiscal year 2026 annual equity awards cliff vest as to one-third of the award eleven months following the grant date, with two-thirds of the award vesting in equal installments every six months thereafter until the award is fully vested. 40% of the total target value of the annual equity award for each of Mr. Wilson, Mr. Canfield and Ms. Miele was made in the form of RSUs, and 50% of the total target value of each of our other NEOs’ annual equity awards was made in the form of RSUs.

~~Item~~Benefits ~~5: Market for Registrant’s Common Equity, Related Stockholder Matters~~ and ~~Issuer~~Retirement ~~Purchases of Equity Securities~~Plans

~~Holders~~We provide a wide array of employee benefit programs to our regular employees, including our NEOs, based upon their country of employment. In the United States, our employee benefit programs for eligible employees include medical, dental, prescription drug, vision care, disability insurance, life insurance, accidental death and dismemberment (“AD&D”) insurance, flexible spending accounts, business travel accident insurance, an educational reimbursement program, an adoption assistance program, an employee assistance program, an employee stock purchase plan, paid time off and relocation assistance.

~~There~~We ~~were~~offer ~~approximately~~retirement ~~538~~plans ~~holders~~to ofour ~~record~~employees based upon their country of ~~our~~employment. ~~common~~In ~~stock~~the asUnited ofStates, ~~May 6~~our employees, ~~2026.~~including Inour ~~addition~~NEOs, are eligible to participate in a ~~significant~~tax-qualified ~~number~~401(k) ofplan, with ~~beneficial~~a ~~owners~~Company ofdiscretionary ~~our~~matching ~~common~~contribution ~~stock~~of ~~hold~~up ~~their~~to ~~shares~~6% inof ~~street~~eligible ~~name~~compensation. ~~Our~~The ~~common~~amount ~~stock~~of the total matching contribution is ~~traded~~determined based on the ~~Nasdaq~~Company’s ~~Global~~fiscal ~~Select~~year ~~Market~~performance. ~~under~~We also maintain a nonqualified deferred compensation plan in which executive-level employees, including our NEOs and our directors, are eligible to participate. None of our NEOs participated in the ~~symbol~~deferred ~~“EA”~~compensation plan during fiscal year 2026.

~~Dividends~~Perquisites and Other Personal Benefits

~~Our~~While ~~quarterly~~our ~~cash~~NEOs ~~dividend~~generally ~~was~~receive ~~$0.19~~the ~~per~~same ~~share~~benefits ofthat ~~common~~are ~~stock~~available to inour ~~fiscal~~other ~~year~~regular ~~2026.~~employees, Wethey also receive certain additional benefits, including access to financial planning services, a Company-paid ~~aggregate~~physical ~~cash~~examination ~~dividends~~program ofavailable ~~$191~~to ~~million~~all ~~during~~company ~~the~~executives ~~fiscal~~and ~~year~~greater ~~ended~~maximum ~~March 31~~benefit levels for life insurance, AD&D ~~2026~~and long-term disability coverage. We ~~currently~~consider ~~expect~~these benefits to ~~continue~~be tostandard ~~pay~~components ~~comparable~~of ~~cash~~a ~~dividends~~competitive onexecutive compensation package. Our executives with a ~~quarterly~~ranking ~~basis~~of ~~prior~~vice president and above and certain worldwide studio organization employees are also eligible to participate in the ~~consummation~~EA ofExecutive ~~the~~and ~~Merger;~~Studio ~~however,~~Leadership ~~future~~Digital ~~declarations~~Game Benefit program. Executives with a ranking of ~~dividends~~vice president and ~~the~~above ~~establishment~~also ofreceive ~~future~~unlimited ~~record~~paid-time ~~dates~~off days. Company reimbursed/provided air and ~~payment~~ground ~~dates~~transportation ~~are~~generally is ~~subject~~limited to ~~the~~business ~~final~~travel. ~~determination~~We ofalso offer our ~~Board~~NEOs ofthe ~~Directors~~opportunity orto areceive ~~designated~~cybersecurity ~~Committee~~services ofto ~~our~~protect ~~Board~~their ofprivacy, home ~~Directors~~networks and devices, where they may conduct EA business.

~~Issuer~~Mr. ~~Purchases~~Wilson receives certain security services intended to promote the ability to perform his job duties by ensuring his personal safety and that of ~~Equity~~his ~~Securities~~family based on threat intelligence. The most recent independent security assessment conducted in June 2025 recommended that Mr. Wilson use private air travel for all personal travel, in addition to business travel. Accordingly, in fiscal year 2026, Mr. Wilson was permitted to use corporate aircraft for personal travel, subject to a 75-hour cap. Because these arrangements may be viewed as distinct from business expenses, the aggregate incremental cost of these services is reflected in the totals in the “All Other Compensation” column of the Fiscal Year 2026 Summary Compensation Table below. The Compensation Committee regularly reviews the nature and cost of this program in relation to Mr. Wilson’s security threat environment as informed by independent assessments conducted by external security firms.

InOther ~~May~~Compensation ~~2024,~~Practices the Company’s Audit Committee, upon delegation from the Company’s Board of Directors, authorized a new program to repurchase up to $5.0 billion of our common stock. This program expires on May 9, 2027. Under this program, we may purchase stock in the open market or through privately negotiated transactions in accordance with applicable securities laws, including pursuant to pre-arranged stock trading plans. The timing and actual amount of the stock repurchases will depend on several factors including price, capital availability, regulatory requirements, alternative investment opportunities and other market conditions. We are not obligated to repurchase a specific number of shares of our common stock under this program and it may be modified, suspended or discontinued at any time. During the second quarter of fiscal year 2026, we suspended repurchase activity under this program in contemplation of the Merger detailed in Note 1 — Description of Business and Basis of Presentation.Policies

~~Stock~~Cash ~~Performance~~Severance ~~Graph~~Policy

~~The~~We ~~following~~maintain ~~information~~the ~~shall~~Executive ~~not~~Officer beCash ~~deemed~~Severance toPolicy, bewhich restricts ~~“filed”~~the ~~with~~Company ~~the~~from ~~SEC~~entering ~~nor~~into ~~shall~~any ~~this~~new ~~information~~employment beagreement, ~~incorporated~~severance byagreement, ~~reference~~or ~~into~~separation agreement with any ~~future~~executive officer—or ~~filing~~establish ~~under~~any ~~the~~new ~~Securities~~severance ~~Act~~plan ofor ~~1933,~~policy ascovering ~~amended,~~any orexecutive ~~the~~officer—that ~~Exchange~~provides ~~Act,~~for ascash ~~amended,~~severance benefits ~~except~~exceeding to2.99 times the ~~extent~~sum ~~that~~of wethe ~~specifically~~executive ~~incorporate~~officer’s itbase bysalary ~~reference~~plus ~~into~~target aannual ~~filing~~bonus opportunity, without stockholder ratification of such arrangement.

~~The~~Change ~~following graph shows a five-year comparison of cumulative total returns during the period from March 31, 2021 through March 31, 2026, for our common stock, the S&P 500 Index (to which EA was added~~ in ~~July~~Control ~~2002),~~Arrangements ~~the Nasdaq Composite Index,~~ and the RDG Technology Composite Index, each of which assumes an initial value of $100. Each measurement point is as of the end of each fiscal year. The performance of our stock depicted in the following graph is not necessarily indicative of the future performance of our stock.Severance

Our executives with a ranking of senior vice president and above are eligible to participate in the Electronic Arts Inc. Amended and Restated Change in Control Severance Plan (the “CIC Plan”). The CIC Plan provides “double-trigger” severance benefits if participants incur a qualifying termination of employment in connection with a change in control. As part of the plan review, the Compensation Committee’s independent consultant undertook a market check of the severance benefits and noted that they were in line with the practices of our peer group. For more information on the CIC Plan, please refer to “Executive Compensation Tables—Potential Payments Upon Termination or Change in Control” below.

We also maintain a severance plan (the “Severance Plan”) that applies generally to our regular full-time U.S.-based employees. Under the Severance Plan, eligible employees (including our executive officers) whose employment is involuntarily terminated in connection with a reduction in force may receive a cash severance payment and premiums for continued health benefits, if such benefits are continued pursuant to COBRA. Any severance arrangements with our NEOs, whether paid pursuant to the Severance Plan or otherwise, require the prior approval of the Compensation Committee. In the event of a change in control of the Company, any cash severance payable under the Severance Plan may be reduced, in whole or in part, by any amount paid under the CIC Plan.

We do not maintain any other severance arrangements with our NEOs.

~~Table~~Stock ofOwnership ~~Contents~~Holding Requirements for Section 16 Officers

*Section ~~Based~~16 onofficers ~~$100~~must ~~invested~~maintain onstock ~~March~~ownership ~~31,~~equal ~~2021~~to the minimum ownership requirements in our stock orownership ~~index,~~guidelines. ~~including~~Please ~~reinvestment~~see of“Stock ~~dividends~~Ownership Information—Stock Ownership Requirements—Section 16 Officers” below for additional information on these requirements.

	March 31,
	2021		2022		2023		2024		2025		2026
Electronic Arts Inc.	$	100	$	94	$	90	$	100	$	109	$	155
S&P 500 Index	100		116		107		139		150		177
Nasdaq Composite Index	100		108		94		127		135		169
RDG Technology Composite Index	100		107		97		121		129		137

Compensation Recovery (Clawbacks)

~~Item~~We ~~6: [Reserved]~~maintain a Clawback Policy in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act and related rules issued by the SEC and the Nasdaq Stock Market. The policy mandates the recovery of erroneously awarded incentive-based compensation if the Company is required to prepare an accounting restatement due to material noncompliance with financial reporting requirements. The policy applies to incentive compensation paid during the three completed fiscal years before the restatement and requires that the full amount of any erroneously awarded incentive compensation be recovered.

In addition, both of our time-based and performance-based equity award agreements provide that if an employee engages in fraud or other misconduct that contributes to an obligation to restate the Company’s financial statements, any unvested equity under the award must be forfeited and the Compensation Committee may recapture any equity award proceeds received by the employee within the 12-month period following the public issuance or filing of the financial statements required to be restated.

Risk Considerations

The Compensation Committee considers on an annual basis, in establishing and reviewing our compensation programs, whether the programs encourage unnecessary or excessive risk taking. The Compensation Committee has concluded that they do not and that any related risks are not reasonably likely to have a material adverse effect on the Company. See the section of this Amendment entitled “Board’s Role and Responsibilities–Oversight of Risk Issues—Compensation Risk Assessment” above for an additional discussion of risk considerations.

Impact of Tax Treatment

Section 162(m) of the Internal Revenue Code limits our ability to take tax deductions for compensation above $1 million paid to certain executive officers. However, the Compensation Committee retains discretion to structure our executive compensation program to be competitive and effective in order to promote the Company’s business goals and stockholder interests, despite such tax considerations.

Section 409A of the Internal Revenue Code imposes additional significant taxes and penalties on the individual if an executive officer, director, or other service provider is entitled to “deferred compensation” that does not comply with the requirements of Section 409A of the Internal Revenue Code. We have structured deferred compensation in a manner intended to comply with or be exempt from Section 409A of the Code and the regulations and other guidance promulgated thereunder. We do not provide any executive officer, including any NEO, with any excise tax “gross-up” or other reimbursement payment for any tax liability that he or she might owe as a result of the application of Sections 280G or 4999 of the Internal Revenue Code.

Compensation Committee Report on Executive Compensation

The following Compensation Committee Report on Executive Compensation shall not be deemed to be “soliciting material” or to be “filed” with the SEC nor shall this information be incorporated by reference into any future filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended (the “Exchange Act”) except to the extent that EA specifically incorporates it by reference into a filing.

The Compensation Committee has reviewed and discussed with management the Compensation Discussion & Analysis. Based on its review and discussions with management, the Compensation Committee recommended to the Board of Directors that the Compensation Discussion & Analysis be included in this Amendment.

COMPENSATION COMMITTEE MEMBERS

Talbott Roche (Chair)
Rachel Gonzalez
Heidi Ueberroth

~~Table~~Fiscal ofYear ~~Contents~~2026 Summary Compensation Table

~~Item~~The ~~7: Management’s~~following ~~Discussion~~table ~~and~~shows ~~Analysis~~information ofconcerning ~~Financial~~the ~~Condition~~compensation earned by or awarded to our “Named Executive Officers” or “NEOs” for fiscal year 2026, and, ~~Results~~where ofapplicable, fiscal ~~Operations~~years 2025 and 2024.

OVERVIEW

Name and Principal Position for fiscal year 2026	Fiscal Year	Salary ($)	Bonus ($)	Stock Awards ($)⁽¹⁾	Non-Equity Incentive Plan Compensation ($)⁽²⁾	All Other Compensation ($)⁽³⁾	Total ($)
Andrew Wilson
Chief Executive Officer	2026	1,300,000	—	28,484,829	6,500,000	2,365,155	38,649,984
	2025	1,300,000	—	25,710,910	2,840,067	678,858	30,529,835
	2024	1,300,000	—	20,391,283	3,448,250	503,560	25,643,093
Stuart Canfield
Chief Financial Officer	2026	740,385	—	9,051,671	1,500,000	25,353	11,317,409
	2025	685,577	—	7,666,650	750,000	12,975	9,115,202
	2024	589,694	—	5,218,824	650,000	18,259	6,476,777
Laura Miele
President, EA Entertainment & Central Development	2026	825,000	—	11,675,377	1,200,000	13,180	13,713,557
President, EA Entertainment & Central Development	2025	825,000	—	10,941,743	800,000	13,164	12,579,907
	2024	820,385	—	10,056,580	1,200,000	18,152	12,095,117
Mala Singh
Chief People Officer	2026	650,000	—	6,772,570	900,000	35,887	8,358,457
	2025	648,077	—	6,292,132	700,000	24,690	7,664,899
	2024	637,231	—	5,511,786	800,000	17,702	6,966,719
Jacob Schatz
Chief Legal Officer	2026	650,000	—	6,772,570	1,000,000	35,809	8,458,379
	2025	648,077	—	6,292,132	700,000	28,448	7,668,657
	2024	637,231	—	5,511,786	750,000	17,607	6,916,624

~~The~~(1) ~~following~~Represents ~~overview~~the isaggregate agrant ~~high-level~~date ~~discussion~~fair value of ~~our~~RSUs ~~operating~~and ~~results,~~PRSUs ascalculated ~~well~~according asto ~~some~~the ofassumptions set forth in the ~~trends~~“Fiscal ~~and~~Year ~~drivers~~2026 ~~that~~Grants ~~affect~~of ~~our~~Plan-Based ~~business~~Awards Table”. ~~Management~~Grant ~~believes~~date ~~that~~fair anvalue ~~understanding~~is ofdetermined ~~these~~for ~~trends~~financial ~~and~~statement ~~drivers~~reporting ~~provides~~purposes ~~important~~in ~~context~~accordance ~~for~~with ~~our~~FASB ~~results~~ASC ~~for~~Topic 718 and the ~~fiscal~~amounts ~~year~~shown ~~ended~~may ~~March 31,~~not ~~2026,~~reflect asthe ~~well~~actual asvalue ~~our~~realized ~~future~~by ~~prospects~~the recipient. ~~This~~PRSU/PSU ~~summary~~values isare ~~not~~included ~~intended~~in tothis becolumn ~~exhaustive,~~to ~~nor~~the isextent itthat ~~intended~~the toPRSUs/PSU behave a ~~substitute~~grant ~~for~~date ~~the~~under ~~detailed~~FASB ~~discussion~~ASC ~~and~~Topic ~~analysis~~718 ~~provided~~in ~~elsewhere~~the infiscal ~~this~~year. ~~Form~~For ~~10-K,~~purposes ~~including~~of inthe PRSUs/PSUs, the ~~“Business”~~grant ~~section~~date ~~and~~occurs when the ~~“Risk~~applicable ~~Factors”~~performance ~~above,~~targets ~~the~~are ~~remainder~~set. ofFor ~~“Management’s~~additional ~~Discussion~~information ~~and~~on ~~Analysis~~the ofPRSU/PSU ~~Financial~~values ~~Condition~~represented ~~and~~in ~~Results~~this ofcolumn, ~~Operations~~see ~~(“MD&A”)”~~footnote or3 to the ~~Consolidated~~“Fiscal ~~Financial~~Year ~~Statements~~2026 ~~and~~Grants ~~related~~of ~~Notes~~Plan-Based Award Table.”

~~Proposed~~For ~~Merger~~RSUs, grant date fair value is calculated using the closing price of our common stock on the grant date.

OnFor ~~September~~the 28portion of fiscal year 2026 PRSUs/PSUs that are earned based on the achievement of operating metrics (i.e., ~~2025~~net bookings and non-GAAP operating income), wethe ~~entered~~grant ~~into~~date afair value ~~Merger~~reported ~~Agreement~~is ~~pursuant~~based toupon the closing price of our common stock and ~~subject~~the toassessed probability of achievement of the ~~terms~~operating metrics, ~~and~~on the grant date. For the relative TSR portion measured over three years, the grant date fair value reported is based upon the probable outcome of such conditions using a Monte-Carlo simulation model. For the absolute TSR portion measured over three years, the grant date fair value reported is based upon the probable outcome of ~~which~~such weconditions ~~will~~using bea ~~acquired~~Monte-Carlo bysimulation model; while the ~~Consortium~~absolute TSR portion is structured as a modifier to the target underlying PRSU award for each NEO, for accounting purposes, it is required to be included as a separate grant in this table. For ~~further~~additional ~~details~~information onregarding ~~this~~the ~~proposed~~valuation ~~transaction~~methodology for RSUs and PRSUs, see Note 114, of“Stock-Based Compensation, Employee Benefit Plans and Stock Repurchase Program,” to the Consolidated Financial Statements ~~and~~in ~~"Part~~our ~~I—Item~~Annual 1AReport. ~~Risk~~The ~~Factors"~~PRSUs ~~contained~~granted ~~elsewhere~~to our NEOs in ~~this~~fiscal ~~Form~~year 102026 that vest based on our 3-Kyear relative TSR performance or that may be earned based on our 3-year absolute TSR performance are referred to as “Market-Based Restricted Stock Units” in Note 14, “Stock-Based Compensation, Employee Benefit Plans and Stock Repurchase Program,” to the Consolidated Financial Statements in our Annual Report.

~~About~~The ~~Electronic~~actual ~~Arts~~vesting of the PRSUs/PSUs will be between 0% and 200% of the target number of PRSUs/PSUs granted. The grant date fair value of the PRSUs granted in fiscal year 2026, assuming the highest level of performance conditions will be achieved, is $36,969,458 for Mr. Wilson, $11,703,048 for Mr. Canfield, $15,350,312 for Ms. Miele, $7,544,959 for Ms. Singh, and $7,544,959 for Mr. Schatz. For additional information regarding the specific terms of the PRSUs granted to our NEOs in fiscal year 2026, see the “Fiscal year 2026 Grants of Plan-Based Awards Table” below.

~~Electronic~~(2) ~~Arts~~Represents isamounts aawarded global leader in digital interactive entertainment. We develop, market, publish and deliver games, content and services that can be experienced on game consoles, PCs, and mobile devices. We create innovative games and experiences that deliver high-quality interactive entertainment and drive engagement across our global network of hundreds of millions of players. Through our live services offerings, we offer high-quality experiences designed to ~~provide~~each ~~value~~NEO tounder ~~players~~the ~~and~~Executive ~~extend~~Bonus ~~and enhance gameplay~~Plan. ~~These~~For ~~live~~additional ~~services~~information ~~include~~about ~~extra~~the ~~content,~~annual ~~subscription~~performance ~~offerings~~cash ~~and~~bonuses ~~other~~paid ~~revenue generated in addition~~ to ~~the sale of~~ our ~~full~~NEOs ~~games.~~in Wefiscal ~~are~~year ~~focusing~~2026 onsee ~~building~~“Annual ~~games~~Performance ~~and~~Cash ~~experiences~~Bonus ~~that~~Awards” ~~grow~~in the ~~global~~“Compensation ~~online~~Discussion ~~communities around our key franchises; deepening engagement through connecting interactive storytelling to key intellectual property;~~ and ~~harnessing~~Analysis” ~~our communities to grow in, around, and beyond our games~~above.

Financial Results

Our key financial results for our fiscal year ended March 31, 2026 were as follows:

•Total net revenue was $7,531 million, up 1 percent year-over-year.

•Live services and other net revenue was $5,383 million, down 1 percent year-over-year.

•Gross margin was 79 percent, flat year-over-year.

•Operating expenses were $4,785 million, up 9 percent year-over-year.

•Operating income was $1,162 million, down 24 percent year-over-year.

•Net income was $887 million with diluted earnings per share of $3.51.

•Net cash provided by operating activities was $2,553 million, up 23 percent year-over-year.

•Total cash, cash equivalents and short-term investments were $2,980 million.

•We returned $941 million to stockholders through our capital return programs, repurchasing 5.3 million shares for approximately $750 million and returning $191 million through our quarterly cash dividend program.

Trends in Our Business

Live Services Business. We offer our players high-quality experiences designed to provide value to players and to extend and enhance gameplay. These live services include extra content, subscription offerings and other revenue generated in addition to the sale of our full games and free-to-play games. Our net revenue attributable to live services and other was $5,383 million, $5,461 million, and $5,547 million for fiscal years 2026, 2025, and 2024, respectively, and we expect that live services net revenue will continue to be material to our business. Within live services and other, net revenue attributable to extra content was $4,091 million, $4,365 million, and $4,463 million for fiscal years 2026, 2025, and 2024, respectively. Growth in live services net revenue, including extra content may not be linear due to the competitive landscape, consumer buying patterns, and other factors. Our most popular live services are the extra content in the Ultimate Team mode associated with our sports franchises. Ultimate Team allows players to collect current and former players in order to build and compete as a personalized team. Live services net revenue generated from extra content purchased within Ultimate Team, a substantial portion of which was derived from FC Ultimate Team, is material to our business.

~~Table~~(3) ofDetails ~~Contents~~about the amounts in the “All Other Compensation” column for fiscal year 2026 are set forth below. For additional information, see “Benefits and Retirement Plans” and “Perquisites and Other Personal Benefits” in the “Compensation Discussion and Analysis” above.

Digital Delivery of Games. In our industry, players increasingly purchase games digitally as opposed to purchasing physical discs. While this trend, as applied to our business, may not be linear due to a mix of products during a fiscal year, consumer buying patterns and other factors, over time we expect players to continue to purchase a higher proportion of our games digitally. As a result, we expect net revenue attributable to digital full game downloads to increase over time and net revenue attributable to sales of packaged goods to decrease.

Name	Insurance Premiums ($)^(a)	401(K) Matching Contributions ($)	Other ($)		Total ($)
Andrew Wilson	1,174	10,500	2,353,481	^(b)	2,365,155
Stuart Canfield	1,174	0	24,179	^(c)	25,353
Laura Miele	1,174	10,500	1,506	^(d)	13,180
Mala Singh	1,174	10,500	24,213	^(e)	35,887
Jacob Schatz	1,174	10,500	24,135	^(f)	35,809

~~Our~~(a) ~~net~~Includes ~~revenue~~premiums ~~attributable~~paid toon ~~digital~~behalf ~~full~~of ~~game~~each ~~downloads~~NEO ~~was~~under ~~$1,708~~Company ~~million,~~sponsored $1group life insurance,~~478~~ ~~million~~AD&D, and long-term disability programs. (b) Includes $1,~~343~~078,291 ~~million~~in ~~during~~personal ~~fiscal~~security ~~years~~benefits ~~2026,~~pursuant ~~2025,~~to ~~and~~a ~~2024~~framework approved by the Board, ~~respectively;~~based ~~while~~on ~~our~~threat ~~net~~intelligence ~~revenue~~informed ~~attributable~~by toindependent ~~packaged~~assessments ~~goods~~conducted ~~sales~~by ~~was~~external ~~$440~~security ~~million,~~firms. ~~$524~~The ~~million~~most recent independent security assessment conducted in June 2025 recommended that Mr. Wilson use private air travel for all personal travel, ~~and~~in ~~$672~~addition ~~million~~to business travel. Accordingly, in fiscal ~~years~~year 2026, ~~2025~~Mr. Wilson was permitted to use corporate aircraft for personal travel subject to a 75-hour cap, and ~~2024,~~the ~~respectively.~~aggregate Inincremental ~~addition,~~cost aswas ~~measured~~$1,245,956 based on ~~total~~applicable ~~units~~hourly ~~sold~~rates onfor ~~Microsoft’s~~the ~~Xbox~~aircraft ~~One~~ and ~~Xbox~~any ~~Series~~variable Xcosts. ~~and~~Mr. ~~Sony’s~~Wilson ~~PlayStation~~recognized 4imputed taxable income as a result of such personal use and 5was ~~rather~~not ~~than~~provided a tax gross-up by ~~net~~the ~~revenue,~~Company. weThis ~~estimate~~figure ~~that~~also 81includes ~~percent~~cybersecurity benefits, 78EA ~~percent~~games and in-kind gifts valued at $16,588, and 73$12,646 ~~percent~~in oftax ~~our~~reimbursements ~~total~~with ~~units~~respect ~~sold~~to ~~during~~these ~~fiscal~~company ~~years~~items ~~2026~~consistent with the policy applicable to all employees receiving in-kind gifts. (c) Represents cybersecurity benefits, ~~2025~~financial planning benefit, EA games and ~~2024~~in-kind gifts, ~~were~~and ~~sold~~$1,469 ~~digitally.~~in ~~Digital~~tax ~~full~~reimbursements ~~game~~with ~~units~~respect ~~are~~to ~~based~~the oncompany ~~sales~~items ~~information~~consistent ~~provided~~with bythe ~~Microsoft~~policy ~~and~~applicable ~~Sony;~~to ~~packaged~~all ~~goods~~employees ~~units~~receiving ~~sold~~in-kind ~~through~~gifts. ~~are~~(d) ~~estimated~~Represents bytax ~~obtaining~~reimbursements ~~data~~with ~~from~~respect ~~significant~~to ~~retail~~EA games and ~~distribution~~in-kind ~~partners~~gifts consistent with the policy applicable to all employees receiving in-kind ~~North~~gifts. ~~America~~(e) Represents cybersecurity benefits, ~~Europe~~financial planning benefit, EA games and ~~Asia~~in-kind gifts, and ~~applying~~$1,434 ~~internal~~in ~~sales~~tax ~~estimates~~reimbursements with respect to ~~retail~~the ~~partners~~company ~~from~~items ~~which~~consistent wewith dothe ~~not~~policy ~~obtain~~applicable ~~data.~~to Weall ~~believe~~employees ~~that~~receiving ~~these~~in-kind ~~percentages~~gifts. ~~are~~(f) ~~reasonable~~Represents ~~estimates~~cybersecurity ofbenefits, ~~the~~financial ~~proportion~~planning ofbenefit, ~~our~~EA games ~~that~~and ~~are~~in-kind ~~digitally~~gifts, ~~downloaded~~and $1,433 in ~~relation~~tax toreimbursements ~~our~~with ~~total~~respect ~~number~~to ofthe ~~units~~company ~~sold~~items ~~for~~consistent with the policy applicable ~~period~~to ofall ~~measurement~~employees receiving in-kind gifts.

Increases in consumer adoption of digital purchase of games combined with increases in our live services revenue generally results in expansion of our gross margin, as costs associated with selling a game digitally are generally less than selling the same game through traditional retail and distribution channels.

Increased Competition. Competition in our business is intense. Our competitors range from established interactive entertainment companies to emerging start-ups. In addition, we compete with large, diversified companies that have strengthened their interactive entertainment capabilities. Our competitors have access to certain resources such as larger budgets, tools, technologies, or IP portfolios that can lead to greater consumer success and shift player time and engagement away from our products and services. In addition, our leading position within the interactive entertainment industry makes us a prime target for recruiting our executives, as well as key creative and technical talent, resulting in retention challenges and increased cost to retain and incentivize our key people.

Concentration of Sales Among the Most Popular Games. In our industry, we see a large portion of games sales concentrated on the most popular titles. Similarly, a significant portion of our revenue has been derived from games based on a few popular titles, such as EA SPORTS FC, EA SPORTS College Football, EA SPORTS Madden NFL, Apex Legends, Battlefield, and The Sims. In particular, we have historically derived a significant portion of our net revenue from our global football franchise, the annualized version of which is consistently one of the best-selling games in the marketplace.

Net Bookings. In order to improve transparency into our business, we disclose an operating performance metric, net bookings. Net bookings is defined as the net amount of products and services sold digitally or sold-in physically in the period. Net bookings is calculated by adding total net revenue to the change in deferred net revenue for online-enabled games.

	Year Ended March 31,
(In millions)	2026		2025
Net revenue	$	7,531	$	7,463
Change in deferred net revenue (online-enabled games)	495		(108)
Net bookings	$	8,026	$	7,355

Net bookings were $8,026 million for fiscal year 2026 primarily driven by sales related to our global football, Battlefield, and American football franchises. Net bookings increased $671 million or 9 percent as compared to fiscal year 2025 primarily due to the release of Battlefield 6 and a year-over-year increase in sales from our global football franchise, partially offset by a year-over-year decrease in sales from EA SPORTS College Football, the prior year release of Dragon Age: The Veilguard, and The Sims franchise. Live services and other net bookings were $5,630 million for fiscal year 2026, and increased $292 million or 5 percent as compared to fiscal year 2025. The increase in live services and other net bookings was primarily due to increased sales of extra content within our global football franchise and from Battlefield 6, partially offset by decreased sales of extra content from Ultimate Team within EA SPORTS College Football, and The Sims 4. Full game net bookings were $2,396 million for fiscal year 2026, and increased $379 million or 19 percent as compared to fiscal year 2025 primarily due to the release of Battlefield 6, partially offset by a year-over-year decline in EA SPORTS College Football, and the prior year release of Dragon Age: The Veilguard.

~~Table~~Fiscal Year 2026 Grants of ~~Contents~~Plan-Based Awards Table

~~CRITICAL~~The ~~ACCOUNTING~~following ~~POLICIES~~table ~~AND~~shows ~~ESTIMATES~~information regarding non-equity incentive and equity incentive plan-based awards granted to our NEOs during fiscal year 2026.

Our Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The preparation of these Consolidated Financial Statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, contingent assets and liabilities, and revenue and expenses during the reporting periods. The policies discussed below are considered by management to be critical because they are not only important to the portrayal of our financial condition and results of operations, but also because application and interpretation of these policies requires both management judgment and estimates of matters that are inherently uncertain and unknown. As a result, actual results may differ materially from our estimates.

		Estimated Possible Payouts Under Non-Equity Incentive Plan Awards⁽²⁾			Estimated Future Payouts Under Equity Incentive Plan Awards⁽³⁾			All Other Stock Awards: Number of Shares of Stock or Units⁽⁴⁾(#)	Grant Date Fair Value of Stock and Option Awards ($)⁽⁵⁾

Name	Grant Date⁽¹⁾	Approval Date⁽¹⁾	Target ($)	Maximum ($)	Threshold (#)	Target (#)	Maximum (#)
Andrew Wilson
Annual Bonus Opportunity	—	—	3,250,000	6,500,000	—	—	—	—	—
FY26 PRSUs-rTSR	6/16/2025	5/12/2025	—	—	9,947	33,157	66,314	—	6,713,961
FY26 PRSUs-aTSR	6/16/2025	5/12/2025	—	—	0	37,227	74,454	—	1,575,447
FY26 PRSUs-OM*	6/16/2025	5/12/2025	—	—	5,509	22,038	44,076	—	3,329,942
FY25 PRSUs-OM	6/16/2025	5/12/2025	—	—	6,053	24,213	48,426	—	3,658,584
FY24 PRSUs-OM	6/16/2025	5/12/2025	—	—	5,306	21,224	42,448	—	3,206,946
RSUs	6/16/2025	5/12/2025	—	—	—	—	—	66,181	9,999,949
Stuart Canfield
Annual Bonus Opportunity	—	—	750,000	1,500,000	—	—	—	—	—
FY26 PRSUs - rTSR	6/16/2025	5/12/2025			3,183	10,611	21,222		2,148,621
FY26 PRSUs - aTSR	6/16/2025	5/12/2025	—	—	0	11,912	23,824	—	504,116
FY26 PRSUs - OM	6/16/2025	5/12/2025	—	—	1,763	7,052	14,104	—	1,065,557
FY25 PRSUs - OM	6/16/2025	5/12/2025	—	—	1,937	7,748	15,496	—	1,170,723
FY24 PSUs - OM	6/16/2025	5/12/2025	—	—	1,592	6,371	12,742		962,658
RSUs	6/16/2025	5/12/2025	—	—	—	—	—	21,178	3,199,996
Laura Miele
Annual Bonus Opportunity	—	—	1,031,250	2,062,500	—	—	—	—	—
FY26 PRSUs - rTSR	6/16/2025	5/12/2025			3,978	13,263	26,526		2,685,625
FY26 PRSUs - aTSR	6/16/2025	5/12/2025	—	—	0	14,890	29,780	—	630,145
FY26 PRSUs - OM	6/16/2025	5/12/2025	—	—	2,203	8,815	17,630	—	1,331,947
FY25 PRSUs - OM	6/16/2025	5/12/2025	—	—	2,421	9,685	19,370	—	1,463,404
FY24 PRSUs - OM	6/16/2025	5/12/2025	—	—	2,588	10,353	20,706		1,564,338
RSUs	6/16/2025	5/12/2025	—	—	—	—	—	26,472	3,999,919
Mala Singh
Annual Bonus Opportunity	—	—	650,000	1,300,000	—	—	—	—	—
FY26 PRSUs - rTSR	6/16/2025	5/12/2025			1,989	6,632	13,264		1,342,914
FY26 PRSUs - aTSR	6/16/2025	5/12/2025	—	—	0	7,445	14,890	—	315,072
FY26 PRSUs - OM	6/16/2025	5/12/2025	—	—	1, 101	4,407	8,814	—	665,898
FY25 PRSUs - OM	6/16/2025	5/12/2025	—	—	1,210	4,842	9,684		731,626
FY24 PRSUs - OM	6/16/2025	5/12/2025	—	—	1,186	4,746	9,492	—	717,121
RSUs	6/16/2025	5/12/2025	—	—	—	—	—	19,854	2,999,939
Jacob Schatz
Annual Bonus Opportunity	—	—	650,000	1,300,000	—	—	—	—	—
FY26 PRSUs - rTSR	6/16/2025	5/12/2025			1,989	6,632	13,264		1,342,914
FY26 PRSUs - aTSR	6/16/2025	5/12/2025	—	—	0	7,445	14,890	—	315,072
FY26 PRSUs - OM	6/16/2025	5/12/2025	—	—	1, 101	4,407	8,814	—	665,898
FY25 PRSUs - OM	6/16/2025	5/12/2025	—	—	1,210	4,842	9,684		731,626
FY24 PRSUs - OM	6/16/2025	5/12/2025	—	—	1,186	4,746	9,492	—	717,121
RSUs	6/16/2025	5/12/2025	—	—	—	—	—	19,854	2,999,939

Revenue Recognition

^*	OM refers to operating metrics, i.e., units that are earned based on annual net bookings and non-GAAP operating income performance.
⁽¹⁾	In accordance with FASB ASC Topic 718, represents the date on which the grant date fair value was established. Each grant was approved by our Compensation Committee, or the Board of Directors for our CEO, on the corresponding Approval Date next to each Grant Date.
⁽²⁾	The amounts shown represent the target and maximum amount of cash bonus awards provided for under the Executive Bonus Plan for the NEOs. The target amounts are pre-established as a percentage of salary and the maximum amounts represent 2x the target amounts, the maximum amount that could be paid to the NEO under the Executive Bonus Plan. For more information regarding our NEOs’ bonus targets and the actual cash bonus earned by each NEO for fiscal year 2026, see the “Compensation Discussion and Analysis” above.

We derive revenue principally from sales of our games, and related extra content and services that can be experienced on game consoles, PCs, and mobile devices. Our product and service offerings include, but are not limited to, the following:

•full games with both online and offline functionality (“Games with Services”), which generally includes (1) the initial game delivered digitally or via physical disc at the time of sale and typically provide access to offline core game content (“software license”); (2) updates on a when-and-if-available basis, such as software patches or updates, and/or additional free content to be delivered in the future (“future update rights”); and (3) a hosted connection for online playability (“online hosting”);

•full games with online-only functionality which require an Internet connection to access all gameplay and functionality (“Online-Hosted Service Games”);

•extra content related to Games with Services and Online-Hosted Service Games which provides access to additional in-game content;

•subscriptions, such as EA Play and EA Play Pro, that generally offer access to a selection of full games, in-game content, online services and other benefits typically for a recurring monthly or annual fee; and

•licensing to third parties to distribute and host our games and content.

We evaluate and recognize revenue by:

•identifying the contract(s) with the customer;

•identifying the performance obligations in the contract;

•determining the transaction price;

•allocating the transaction price to performance obligations in the contract; and

•recognizing revenue as each performance obligation is satisfied through the transfer of a promised good or service to a customer (i.e., “transfer of control”).

Certain of our full game and/or extra content are sold to resellers with a contingency that the full game and/or extra content cannot be resold prior to a specific date (“Street Date Contingency”). We recognize revenue for transactions that have a Street Date Contingency when the Street Date Contingency is removed and the full game and/or extra content can be resold by the reseller. For digital full game and/or extra content downloads sold to customers, we recognize revenue when the full game and/or extra content is made available for download to the customer.

Online-Enabled Games

Games with Services. Our sales of Games with Services are evaluated to determine whether the software license, future update rights and the online hosting are distinct and separable. Sales of Games with Services are generally determined to have three distinct performance obligations: software license, future update rights, and the online hosting.

Since we do not sell the performance obligations on a stand-alone basis, we consider market conditions and other observable inputs to estimate the stand-alone selling price for each performance obligation. For Games with Services, generally 75 percent of the sales price is allocated to the software license performance obligation and recognized at a point in time when control of the license has been transferred to the customer. The remaining 25 percent is allocated to the future update rights and the online hosting performance obligations and recognized ratably as the service is provided (over the Estimated Offering Period).

~~Table~~(3) Represents the threshold, target, and maximum units for PRSUs/performance shares with a grant date established under FASB ASC Topic 718 in fiscal year 2026. Because the grant date under FASB ASC Topic 718 occurs when the performance targets are approved, the target number of ~~Contents~~PRSUs/performance shares is calculated based on that portion of an award for which performance targets were set in fiscal 2026 as follows:

Online-Hosted Service Games. Sales of our Online-Hosted Service Games are determined to have one distinct performance obligation: the online hosting service. We recognize revenue from these arrangements ratably as the service is provided (over the Estimated Offering Period).

Award and Performance Metric	Tranche	Portion of Total Award with Performance Targets Set in FY26
FY26 – aTSR	one tranche covering three years	modifier
FY26 - rTSR	one tranche covering three years	3/9^ths
FY26 – OM	First	2/9^ths
FY25 – OM	Second	2/9^ths
FY24 – OM	Third	2/9^ths

~~Extra~~For ~~Content. Revenue received from sales of downloadable content are derived primarily from~~ the ~~sale~~PRSUs/performance ofshares ~~virtual currencies and digital in-game content~~ that are ~~designed~~earned tobased on ~~extend~~operating and enhance players’ game experience. Sales of extra content are accounted for in a manner consistent with the treatment for our Games with Services and Online-Hosted Service Games as discussed abovemetrics, ~~depending upon whether or not~~ the ~~extra~~threshold ~~content has offline functionality. That~~ is, ifcalculated ~~the~~assuming ~~extra~~threshold ~~content~~performance ~~has~~was ~~offline~~achieved ~~functionality, then the extra content is accounted~~ for ~~similarly~~one toof ~~Games with Services (generally determined to have three distinct performance obligations: software license, future update rights, and~~ the ~~online~~metrics ~~hosting)~~only. IfFor all ~~the~~PRSUs/performance ~~extra content does not have offline functionality~~shares, ~~then~~ the ~~extra~~maximum ~~content~~ is ~~determined~~calculated toassuming ~~have~~maximum ~~one distinct~~ performance ~~obligation:~~was ~~the~~met ~~online-hosted~~for ~~service~~all metrics.

~~Subscriptions~~For purposes of this table:

~~Sales~~● ofPRSUs-aTSR ~~our~~represent ~~subscriptions~~PRSUs ~~are~~that ~~determined~~vest tobased ~~have~~on ~~one~~EA’s absolute TSR exceeding threshold performance ~~obligation:~~measured over a three-year performance period; while the ~~online~~absolute ~~hosting.~~TSR Wemetric ~~recognize~~is ~~revenue~~structured ~~from~~as ~~these~~a ~~arrangements~~modifier ~~ratably~~to the target underlying PRSU award for each NEO, for accounting purposes, it is required to be included as a separate grant in this table; ● PRSUs-rTSR represent PRSUs that vest based on EA’s Relative TSR Percentile measured over a three-year performance period; ● PRSUs-OM represent PRSUs/performance shares that are earned based on the ~~subscription~~attainment ~~term~~of asannual operating metric targets during each year of a three-year performance period; ● If any PRSUs become eligible to vest, they will cliff vest after the end of the applicable three-year performance ~~obligation~~period is(May ~~satisfied~~16, 2028 for fiscal year 2026 PRSUs, May 16, 2027 for fiscal year 2025 PRSUs, and May 20, 2026 for fiscal year 2024 PRSUs).

~~Licensing~~Vesting ~~Revenue~~of all performance awards is subject to the NEO’s continuous employment on the applicable vesting date.

WeFor ~~utilize~~additional ~~third-party~~information ~~licensees~~regarding tothe ~~distribute~~specific ~~and~~terms of ~~host our games and content in accordance with license agreements, for which~~ the ~~licensees typically pay us a fixed minimum guarantee and~~PRSUs/orperformance ~~sales-based~~shares ~~royalties.~~granted ~~These~~in ~~arrangements~~fiscal ~~typically~~year ~~include multiple performance obligations~~2026, ~~such~~see ~~as a time-based license of software and future update rights. We recognize as revenue a portion of~~ the ~~minimum~~“Compensation ~~guarantee~~Discussion ~~when we transfer control of the license of software (generally upon commercial launch)~~ and ~~the remaining portion ratably over the contractual term in which we provide the licensee with future update rights~~Analysis” above. ~~Any sales-based royalties are generally recognized as the related sales occur by the licensee.~~

Significant Judgments around Revenue Arrangements

⁽⁴⁾	Represents awards of RSUs. The RSUs granted to our NEOs vested as to 33% of the units on May 16, 2026; the remainder of the units will vest in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2028, subject to the NEO’s continued employment through each applicable vesting date. For additional information regarding the specific terms of the RSUs granted to our NEOs in fiscal year 2026, see the “Compensation Discussion and Analysis” above.

⁽⁵⁾	Amounts determined pursuant to FASB ASC Topic 718. For grants of RSUs, represents the aggregate grant date fair value of RSUs calculated using the closing price of our common stock on the grant date. For grants of PRSUs that are earned based on the achievement of operating metrics, the grant date fair value reported is based upon the closing price of our common stock and the assessed probability of achievement of the operating metrics, on the grant date. For grants of PRSUs that are subject to market conditions related to total stockholder return (whether absolute or relative), the grant date fair value reported is based upon the probable outcome of such conditions using a Monte-Carlo simulation method. For a more detailed discussion of the valuation methodology and assumptions used to calculate grant date fair value, see Note 14 “Stock-Based Compensation, Employee Benefit Plans and Stock Repurchase Program,” to the Consolidated Financial Statements in our Annual Report. The Relative TSR PRSUs and Absolute TSR PRSUs granted to our NEOs in fiscal year 2026 are referred to as “Market-Based Restricted Stock Units” in Note 14 to the Consolidated Financial Statements in our Annual Report.

Identifying performance obligations. Performance obligations promised in a contract are identified based on the goods and services that will be transferred to the customer that are both capable of being distinct, (i.e., the customer can benefit from the goods or services either on its own or together with other resources that are readily available), and are distinct in the context of the contract (i.e., it is separately identifiable from other goods or services in the contract). To the extent a contract includes multiple promises, we must apply judgment to determine whether those promises are separate and distinct performance obligations. If these criteria are not met, the promises are accounted for as a combined performance obligation.

Determining the transaction price. The transaction price is determined based on the consideration that we will be entitled to receive in exchange for transferring our goods and services to the customer. Determining the transaction price often requires judgment, based on an assessment of contractual terms and business practices. It further includes review of variable consideration such as discounts, sales returns, price protection, and rebates, which is estimated at the time of the transaction. In addition, the transaction price does not include an estimate of the variable consideration related to sales-based royalties. Sales-based royalties are recognized as the sales occur.

Allocating the transaction price. Allocating the transaction price requires that we determine an estimate of the relative stand-alone selling price for each distinct performance obligation. Determining the relative stand-alone selling price is inherently subjective, especially in situations where we do not sell the performance obligation on a stand-alone basis (which occurs in the majority of our transactions). In those situations, we determine the relative stand-alone selling price based on various observable inputs using all information that is reasonably available. Examples of observable inputs and information include: historical internal pricing data, cost plus margin analysis, pre-release versus post-release costs, and pricing data from competitors to the extent the data is available. The results of our analysis resulted in a specific percentage of the transaction price being allocated to each performance obligation.

Determining the Estimated Offering Period. The offering period is the period in which we offer to provide the future update rights and/or online hosting for the game and related extra content sold. Because the offering period is not an explicitly defined period, we must make an estimate of the offering period for the service-related performance obligations (i.e., future update rights and online hosting). Determining the Estimated Offering Period is inherently subjective and is subject to regular revision. Generally, we consider the average period of time customers are online when estimating the offering period. We also consider the estimated period of time between the date a game unit is sold to a reseller and the date the reseller sells the game unit to the customer (i.e., time in channel). Based on these two factors, we then consider the method of distribution. For example, games

~~Table~~Outstanding ofEquity ~~Contents~~Awards at Fiscal Year 2026 Year-End Table

~~and~~The ~~extra~~following ~~content~~tables ~~sold~~show atinformation ~~retail~~regarding ~~would~~outstanding stock ~~have~~options, aRSUs, ~~composite~~and ~~offering~~PRSUs ~~period~~held ~~equal~~by toour ~~the~~NEOs ~~online gameplay period plus time in channel~~ as ~~opposed~~of ~~to digitally-distributed games and extra content which are delivered immediately via digital download and therefore,~~ the ~~offering~~end ~~period~~of isfiscal ~~estimated~~year ~~to be only the online gameplay period~~2026.

~~Additionally,~~All weoutstanding ~~consider~~equity ~~results~~awards ~~from~~were ~~prior~~granted ~~analyses,~~pursuant ~~known~~to our ~~and~~2019 ~~expected~~Equity ~~online~~Incentive ~~gameplay~~Plan ~~trends, as well as disclosed service periods for competitors’ games in determining~~ (the ~~Estimated~~“2019 ~~Offering Period for future sales~~EIP”). WeThe ~~believe~~market ~~this~~value ~~provides a reasonable depiction~~ of the ~~transfer~~unvested ofRSUs ~~future update rights~~ and ~~online~~PRSUs ~~hosting to our customers, as it~~ is ~~the~~determined ~~best~~by ~~representation of~~ multiplying the ~~time~~number period during which our games and extra content are experienced. We recognize revenue for future update rights and online hosting performance obligations ratably on a straight-line basis over this period as there is a consistent pattern of ~~delivery~~unvested ~~for~~units ~~these~~by ~~performance obligations~~$202.01, ~~Revenue~~the ~~for~~per ~~service-related~~share ~~performance~~closing ~~obligations~~price ~~for digitally-distributed games and extra content is recognized over an estimated eight-month period beginning in the month~~ of ~~sale, and revenue for service-related performance obligations for games and extra content sold through retail is recognized over an estimated ten-month period beginning in~~ the ~~month~~Company’s ofcommon ~~sale.~~stock ~~Prior~~on toMarch ~~July 1~~27, ~~2025~~2026, ~~revenue~~the last ~~for~~trading ~~service-related~~day ~~performance~~of ~~obligations~~fiscal ~~for~~year our mobile free-to-play games was recognized generally over an eight-month period, and for our PC and console free-to-play games was recognized generally over a twelve-month period, in each case beginning in the month of sale2026.

During the three months ended September 30, 2025, we completed our annual evaluation of the Estimated Offering Period, and as a result, for sales beginning July 1, 2025, the revenue that we recognize for the service-related performance obligation related to our mobile free-to-play and PC and console free-to-play games is recognized generally over an eleven-month period beginning in the month of sale. This change in Estimated Offering Period did not impact the amount of net bookings or the operating cash flows that we report. During the fiscal year ended March 31, 2026, this change to our Estimated Offering Period resulted in an estimated net decrease in net revenue of $74 million and net income of $56 million, and a decrease of $0.22 diluted earnings per share.

		Stock Awards
Name	Grant Date		Number of Shares or Units of Stock that have not Vested (#)		Market Value of Shares or Units of Stock that have not Vested ($)	Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that have not Vested (#)		Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or other Rights that have not Vested ($)
Andrew Wilson	6/16/2025		—		—	37,227	⁽¹⁾	7,520,226
	6/16/2025		—		—	33,157	⁽²⁾	6,698,046
	6/16/2025		23,514	⁽³⁾	4,750,063	—		—
	6/16/2025		66,181	⁽⁴⁾	13,369,224	—		—
	6/17/2024		—		—	40,900	⁽⁹⁾	8,262,209
	6/17/2024		—		—	36,428	⁽⁵⁾	7,358,820
	6/17/2024		43,171	⁽⁶⁾	8,720,974	—		—
	6/17/2024		36,355	⁽⁴⁾	7,344,074	—		—
	6/16/2023		42,881	⁽⁷⁾	8,662,391	—		—
	6/16/2023		58,448	⁽⁸⁾	11,807,080	—		—
	6/16/2023		10,622	⁽⁴⁾	2,145,750	—		—
Stuart Canfield	6/16/2025		—		—	11,912	⁽¹⁾	2,406,343
	6/16/2025		—		—	10,611	⁽²⁾	2,143,528
	6/16/2025		7,524	⁽³⁾	1,519,923	—		—
	6/16/2025		21,178	⁽⁴⁾	4,278,168	—		—
	6/17/2024		—		—	13,088	⁽⁹⁾	2,643,907
	6/17/2024		—		—	11,657	⁽⁵⁾	2,354,831
	6/17/2024		13,814	⁽⁶⁾	2,790,566	—		—
	6/17/2024		11,634	⁽⁴⁾	2,350,184	—		—
	6/22/2023		12,871	⁽⁷⁾	2,600,071
	6/22/2023		17,543	⁽⁸⁾	3,543,861	—		—
	6/22/2023		3,188	⁽⁴⁾	644,008	—		—
Laura Miele	6/16/2025		—		—	14,890	⁽¹⁾	3,007,929
	6/16/2025		—		—	13,263	⁽²⁾	2,679,259
	6/16/2025		9,405	⁽³⁾	1,899,904	—		—
	6/16/2025		26,472	⁽⁴⁾	5,347,609	—		—
	6/17/2024		—		—	16,360	⁽⁹⁾	3,304,884
	6/17/2024		—		—	14,572	⁽⁵⁾	2,943,690
	6/17/2024		17,266	⁽⁶⁾	3,487,905	—		—
	6/17/2024		14,542	⁽⁴⁾	2,937,629	—		—
	6/16/2023		20,918	⁽⁷⁾	4,225,645	—		—
	6/16/2023		28,509	⁽⁸⁾	5,759,103	—		—
	6/16/2023		5,181	⁽⁴⁾	1,046,614	—		—

Principal Agent Considerations

We evaluate sales to end customers of our full games and related content via third-party storefronts, including digital storefronts such as Microsoft’s Xbox Store, Sony’s PlayStation Store, Apple App Store, and Google Play Store, in order to determine whether or not we are acting as the principal in the sale to the end customer, which we consider in determining if revenue should be reported gross or net of fees retained by the third-party storefront. An entity is the principal if it controls a good or service before it is transferred to the end customer. Key indicators that we evaluate in determining gross versus net treatment include but are not limited to the following:

•the underlying contract terms and conditions between the various parties to the transaction;

•which party is primarily responsible for fulfilling the promise to provide the specified good or service to the end customer;

•which party has discretion in establishing the price for the specified good or service; and

•which party has title risk before the specified good or service has been transferred to the end customer.

Based on an evaluation of the above indicators, except as discussed below, we have determined that generally the third party is considered the principal to end customers for the sale of our full games and related content. We therefore report revenue related to these arrangements net of the fees retained by the storefront. However, for sales arrangements via Apple App Store and Google Play Store, EA is considered the principal to the end customer and thus, we report revenue on a gross basis and mobile platform fees are reported within cost of revenue.

Income Taxes

We recognize deferred tax assets and liabilities for both (1) the expected impact of differences between the financial statement amount and the tax basis of assets and liabilities and (2) the expected future tax benefit to be derived from tax losses and tax credit carryforwards. We do not recognize any deferred taxes related to the U.S. taxes on foreign earnings as we recognize these taxes as a period cost.

We record a valuation allowance against deferred tax assets when it is considered more likely than not that all or a portion of our deferred tax assets will not be realized. In making this determination, we are required to give significant weight to evidence that can be objectively verified. It is generally difficult to conclude that a valuation allowance is not needed when there is significant negative evidence, such as cumulative losses in recent years. Forecasts of future taxable income are considered to be less objective than past results. Therefore, cumulative losses weigh heavily in the overall assessment.

Table of Contents

		Stock Awards
Name	Grant Date		Number of Shares or Units of Stock that have not Vested (#)		Market Value of Shares or Units of Stock that have not Vested ($)	Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that have not Vested (#)		Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or other Rights that have not Vested ($)
Mala Singh	6/16/2025		—		—	7,445	⁽¹⁾	1,503,964
	6/16/2025		—		—	6,632	⁽²⁾	1,339,730
	6/16/2025		4,702	⁽³⁾	949,851	—		—
	6/16/2025		19,854	⁽⁴⁾	4,010,707	—		—
	6/17/2024		—		—	8,180	⁽⁹⁾	1,652,442
	6/17/2024		—		—	7,286	⁽⁵⁾	1,471,845
	6/17/2024		8,632	⁽⁶⁾	1,743,750	—		—
	6/17/2024		10,906	⁽⁴⁾	2,203,121	—		—
	6/16/2023		9,586	⁽⁷⁾	1,936,468	—		—
	6/16/2023		13,067	⁽⁸⁾	2,639,665	—		—
	6/16/2023		3,562	⁽⁴⁾	719,560	—		—
Jacob Schatz	6/16/2025		—		—	7,445	⁽¹⁾	1,503,964
	6/16/2025		—		—	6,632	⁽²⁾	1,339,730
	6/16/2025		4,702	⁽³⁾	949,851	—		—
	6/16/2025		19,854	⁽⁴⁾	4,010,707	—		—
	6/17/2024		—		—	8,180	⁽⁹⁾	1,652,442
	6/17/2024		—		—	7,286	⁽⁵⁾	1,471,845
	6/17/2024		8,632	⁽⁶⁾	1,743,750	—		—
	6/17/2024		10,906	⁽⁴⁾	2,203,121	—		—
	6/16/2023		9,586	⁽⁷⁾	1,936,468	—		—
	6/16/2023		13,067	⁽⁸⁾	2,639,665	—		—
	6/16/2023		3,562	⁽⁴⁾	719,560	—		—

In addition to considering forecasts of future taxable income, we are also required to evaluate and quantify other possible sources of taxable income in order to assess the realization of our deferred tax assets, namely the reversal of existing deferred tax liabilities, the carryback of losses and credits as allowed under current tax law, and the implementation of tax planning strategies. Evaluating and quantifying these amounts involves significant judgments. Each source of income must be evaluated based on all positive and negative evidence and this evaluation may involve assumptions about future activity. Certain taxable temporary differences that are not expected to reverse during the carry forward periods permitted by tax law cannot be considered as a source of future taxable income that may be available to realize the benefit of deferred tax assets.

⁽¹⁾	Represents the PRSUs, assuming target achievement, that vest based on our Absolute TSR performance over the three-year performance period covering fiscal years 2026 through 2028. The Absolute TSR metric is structured as a modifier to the target underlying PRSU award for each NEO (though for accounting purposes, it is required to be disclosed as a separate grant in the Fiscal Year 2026 Grants of Plan-Based Awards Table above and, accordingly, disclosed in this table as well). Any earned PRSUs are eligible to vest on May 16, 2028. For additional information regarding the specific terms of these PRSUs, see the discussion under the section titled “Long-Term Equity Incentives—Fiscal Year 2026 Awards—Performance-Based Restricted Stock Units” in the “Compensation Discussion and Analysis” above.
⁽²⁾	Represents the PRSUs, assuming target achievement, that vest based on our Relative TSR performance compared to the S&P 500 Index over the three-year performance period covering fiscal years 2026 through 2028. Any earned PRSUs are eligible to vest on May 16, 2028. For additional information regarding the specific terms of these PRSUs, see the discussion under the section titled “Long-Term Equity Incentives—Fiscal Year 2026 Awards—Performance-Based Restricted Stock Units” in the “Compensation Discussion and Analysis” above.
⁽³⁾	For the PRSUs that vest based on performance against annual operational metrics, the amount includes only PRSUs relating to the portion of the award for which the fiscal year 2026 performance targets were approved and reflects the number of PRSUs earned based on performance against the fiscal year 2026 goals. Any earned PRSUs are eligible to vest on May 16, 2028. The portion of the PRSUs that vest based on net bookings and non-GAAP operating income targets for fiscal years 2027 and 2028 are subject to disclosure in the compensation tables for the fiscal year in which the related performance targets are approved. For additional information regarding the specific terms of these PRSUs, see the discussion under the section titled “Long-Term Equity Incentives—Fiscal Year 2026 Awards—Performance-Based Restricted Stock Units” in the “Compensation Discussion and Analysis” above.
⁽⁴⁾	Represents an award of RSUs that vested or will vest as to 1/3 of the units one month prior to the first anniversary of the grant date, with 1/6th of the award vesting every six months thereafter until the award is fully vested.
⁽⁵⁾	Represents the PRSUs, assuming target achievement, that vest based on our Relative TSR performance compared to the S&P 500 Index over the three-year performance period covering fiscal years 2025 through 2027. Any earned PRSUs are eligible to vest on May 16, 2027.
⁽⁶⁾	For the PRSUs that vest based on performance against annual operational metrics, the amount includes only PRSUs relating to the portion of the award for which the fiscal year 2025 and fiscal year 2026 performance targets were approved and reflects the total number of PRSUs earned based on performance against fiscal year 2025 and fiscal year 2026 goals, respectively. Any earned PRSUs are eligible to vest on May 16, 2027. The portion of the PRSUs that vest based on net bookings and non-GAAP operating income targets for fiscal year 2027 are subject to disclosure in the compensation tables in next year’s Proxy Statement, if any. For additional information regarding the specific terms of these PRSUs, see the discussion under the section titled “Long-Term Equity Incentives—Prior PRSU Awards” in the “Compensation Discussion and Analysis” above.
⁽⁷⁾	Represents the PRSUs granted in June 2023 that were earned based on EA’s Relative Nasdaq-100 TSR Percentile for the 36-month measurement period ending March 28, 2026. The earned PRSUs vested on May 16, 2026. For additional information regarding the specific terms of the PRSUs granted to our NEOs, including the actual percentage attainment for the PRSUs that were earned at the end of fiscal year 2025 and vested in May 2026, see the discussion under the section titled “Long-Term Equity Incentives—Prior PRSU Awards” in the “Compensation Discussion and Analysis” above.
⁽⁸⁾	For the PRSUs that vest based on performance against annual operational metrics, the amount includes PRSUs relating to the portion of the award for which the fiscal year 2024, fiscal year 2025, and fiscal year 2026 performance targets were approved and reflects the total number of PRSUs earned based on performance against fiscal 2024, fiscal year 2025, and fiscal year 2026 goals, respectively. The earned PRSUs vested on May 20, 2026. For additional information regarding the specific terms of these PRSUs, see the discussion under the section titled “Long-Term Equity Incentives—Prior PRSU Awards” in the “Compensation Discussion and Analysis” above.
⁽⁹⁾	Represents the PRSUs, assuming target achievement, that vest based on our Absolute TSR performance over the three-year performance period covering fiscal years 2025 through 2027. The Absolute TSR metric is structured as a modifier to the target underlying PRSU award for each NEO (though for accounting purposes, it is required to be disclosed as a separate grant in the Fiscal Year 2026 Grants of Plan-Based Awards Table above and, accordingly, disclosed in this table as well). Any earned PRSUs are eligible to vest on May 16, 2027. For additional information regarding the specific terms of these PRSUs, see the discussion under the section titled “Long-Term Equity Incentives—Fiscal Year 2026 Awards—Performance-Based Restricted Stock Units” in the “Compensation Discussion and Analysis” above.

Every quarter, we perform a realizability analysis to evaluate whether it is more likely than not that all or a portion of our deferred tax assets will not be realized. Our Swiss deferred tax asset realizability analysis relies upon future Swiss taxable income, and considers all available sources of Swiss income based on positive and negative evidence. We give more weight to evidence that can be objectively verified. However, estimating future Swiss taxable income requires judgment, specifically related to assumptions about expected growth rates of future Swiss taxable income, which are based primarily on third party market and industry growth data. Actual results that differ materially from those estimates could have a material impact on our valuation allowance assessment. Swiss interest rates have an impact on the valuation allowance and are based on published Swiss guidance, which generally occurs in the fourth quarter of our fiscal year. We have adjusted our valuation allowance for changes in the published interest rates in the past and we may do so again in the future. Switzerland has a seven-year carryforward period and does not permit the carry back of losses. Any significant changes to the Swiss interest rates or tax laws on loss carryforward period could result in a material impact to the valuation allowance and to our Consolidated Financial Statements. Actions we take in connection with acquisitions could also impact the utilization of our Swiss deferred tax asset.

As part of the process of preparing our Consolidated Financial Statements, we are required to estimate our income taxes in each jurisdiction in which we operate prior to the completion and filing of tax returns for such periods. This process requires estimating both our geographic mix of income and our uncertain tax positions in each jurisdiction where we operate. These estimates require us to make judgments about the likely application of the tax law to our situation, as well as with respect to other matters, such as anticipating the positions that we will take on tax returns prior to preparing the returns and the outcomes of disputes with tax authorities. The ultimate resolution of these issues may take extended periods of time due to examinations by tax authorities and statutes of limitations. In addition, changes in our business, including acquisitions, changes in our international corporate structure, changes in the geographic location of business functions or assets, changes in the geographic mix and amount of income, as well as changes in our agreements with tax authorities, valuation allowances, applicable accounting rules, applicable tax laws and regulations, rulings and interpretations thereof, developments in tax audit and other matters, and variations in the estimated and actual level of annual pre-tax income can affect the overall effective tax rate.

IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS

The information under the subheading “Recently Issued Accounting Standards” in Note 1 — Description of Business and Basis of Presentation to the Consolidated Financial Statements in this Form 10-K is incorporated by reference into this Item 7.

~~Table~~Fiscal ofYear ~~Contents~~2026 Option Exercises and Stock Vested Table

~~RESULTS~~The OFfollowing ~~OPERATIONS~~table shows all RSUs and performance shares that vested and the value realized upon vesting, by our NEOs during fiscal year 2026.

Our fiscal year is reported on a 52- or 53-week period that ends on the Saturday nearest March 31. Our results of operations for the fiscal year ended March 31, 2026 contained 52 weeks and ended on March 28, 2026. Our results of operations for the fiscal year ended March 31, 2025 contained 52 weeks and ended on March 29, 2025. For simplicity of disclosure, all fiscal periods are referred to as ending on a calendar month end.

	Option Awards		Stock Awards
Name	Number of Shares Acquired on Exercise (#)	Value Realized on Exercise ($)⁽¹⁾	Number of Shares Acquired on Vesting (#)⁽²⁾	Value Realized on Vesting ($)⁽³⁾
Andrew Wilson	—	—	117,956	18,909,884
Stuart Canfield	—	—	20,860	3,512,991
Laura Miele	—	—	58,434	9,302,471
Mala Singh	—	—	32,816	5,304,521
Jacob Schatz	—	—	32,816	5,304,521

Net Revenue

⁽¹⁾	There was no stock option activity during fiscal year 2026.
⁽²⁾	Represents shares of EA common stock released upon vesting of RSUs and/or performance shares during fiscal year 2026.
⁽³⁾	The value realized upon vesting is calculated by multiplying the number of units vested by the closing price of EA common stock on the trading day prior to the vesting date.

Net revenue consists of sales generated from (1) full games sold as digital downloads or as packaged goods and designed for play on game consoles and PCs, (2) live services which primarily includes sales of extra content for console, PC, and mobile games, (3) subscriptions that generally offer access to a selection of full games, in-game content, online services and other benefits, and (4) licensing our games to third parties to distribute and host our games and content.

Comparison of Fiscal Year 2026 to Fiscal Year 2025

Net Revenue

Net revenue for fiscal year 2026 was $7,531 million, primarily driven by sales related to our global football, American football, and Battlefield franchises. Net revenue for fiscal year 2026 increased $68 million, as compared to fiscal year 2025. This increase was driven by a $667 million increase in net revenue primarily due to the release of Battlefield 6, partially offset by a $599 million decrease in net revenue primarily from our American football franchise, decreased sales of extra content for Apex Legends, and the prior year release of Dragon Age: The Veilguard.

Net Revenue by Composition

	Year Ended March 31,
	2026		2025		$ Change		% Change
Net revenue:
Full game downloads	$	1,708	$	1,478	$	230	16	%
Packaged goods	440		524		(84)		(16)	%
Full game	$	2,148	$	2,002	$	146	7	%
Live services and other	$	5,383	$	5,461	$	(78)	(1)	%
Total net revenue	$	7,531	$	7,463	$	68	1	%

Full Game Net Revenue

Full game net revenue includes full game downloads and packaged goods. Full game downloads primarily include revenue from digital sales of full games on console, PC, and certain licensing revenue. Packaged goods primarily include revenue from full games that are sold physically through distribution arrangements, mass market retailers, and specialty stores.

Full game net revenue for fiscal year 2026 was $2,148 million, primarily driven by EA SPORTS FC 26, Battlefield 6, EA SPORTS Madden NFL 26, and EA SPORTS FC 25. Full game net revenue for fiscal year 2026 increased $146 million, or 7 percent, as compared to fiscal year 2025. This increase was primarily due to the release of Battlefield 6, partially offset by a year-over-year decline in EA SPORTS College Football, the prior year release of Dragon Age: The Veilguard, and EA SPORTS FC.

Live Services and Other Net Revenue

Live services and other net revenue primarily includes revenue from sales of extra content for console, PC, and mobile games, certain licensing revenue, subscriptions, and advertising.

Live services and other net revenue for fiscal year 2026 was $5,383 million, primarily driven by sales of extra content for our global football, American football, and The Sims franchises. Live services and other net revenue for fiscal year 2026 decreased

~~Table~~Potential ofPayments ~~Contents~~Upon Termination or Change in Control

~~$78~~Termination ~~million, or 1 percent, as compared to fiscal year 2025. This decrease was primarily driven by decreased sales~~ of ~~extra content for Apex Legends, and Ultimate Team within EA SPORTS Madden NFL, partially offset by increased sales of extra content within our global football franchise.~~Employment

~~Cost~~Our NEOs have not entered into employment agreements with the Company. In connection with a termination of ~~Revenue~~employment, all outstanding equity awards held by our NEOs will be forfeited unless the applicable NEO’s employment is terminated for reasons due to death, disability, or in connection with a change in control of the Company.

~~Cost~~Treatment of ~~revenue~~Equity ~~consists~~Awards ofUpon ~~(1)~~Death ~~certain~~or royalty expenses for sports organizations, movie studios, independent software developers, and others (2) mobile platform fees associated with our mobile revenue (for transactions in which we are acting as the principal in the sale to the end customer), (3) data center, bandwidth and server costs associated with hosting our online games and websites, (4) inventory costs, including manufacturing royalties, (5) payment processing fees, (6) amortization and impairments of certain intangible assets, and (7) personnel-related costs.Disability

~~Cost~~TIME-BASED ofRSUs. ~~revenue~~Our equity award agreements for all ~~fiscal~~award ~~years~~recipients, ~~2026~~including ~~and~~our ~~2025~~NEOs, ~~was~~provide asthat ~~follows~~any (unvested RSUs will vest in ~~millions):~~full on the date of a participant’s death, as long as the participant has been employed by us for at least 12 months prior to the date of death. In addition, our award agreements for all award recipients provide that if a participant’s employment terminates due to disability, a pro-rata portion of the RSUs will vest, which calculation will be based on the number of RSUs scheduled to vest on the next anniversary of the grant date multiplied by the number of months worked during the 12 months preceding such anniversary date, divided by 12.

March 31,2026						% of NetRevenue						March 31,2025						% of NetRevenue						% Change						Change as a % of Net Revenue
$	1,584					21		%				$	1,543					21		%				3		%				—		%

PERFORMANCE-BASED RSUs. The equity award agreements for our PRSUs provide that in the event of an NEO’s death, any unvested PRSUs as of the date of death will remain eligible to vest on the regularly scheduled vest dates for the applicable award, based on actual performance, as long as the NEO has been employed by us for at least 12 months prior to the date of death. The same treatment applies if an NEO terminates employment due to disability, except that the number of unvested PRSUs that remain eligible to vest on the regularly scheduled vest dates for the applicable award is determined on a pro-rata basis, based on the number of months worked by the NEO from the beginning of the performance period through the date of termination, divided by the number of months in the applicable measurement period.

~~Cost~~Termination of ~~revenue~~Employment ~~increased by $41 million during fiscal year 2026 as compared to fiscal year 2025. The increase was primarily due to a net increase~~ in ~~royalty~~Connection ~~costs~~with ~~driven by the impacts from foreign exchange, and higher online hosting fees, primarily driven by the release of Battlefield 6. This increase was partially offset by~~ a Change ~~decrease~~ in ~~product-related costs primarily due to our global football and American football franchises, partially offset by Battlefield 6.~~Control

~~Research~~Electronic ~~and~~Arts ~~Development~~Change in Control Severance Plan

~~Research~~Our NEOs participate in the Electronic Arts Inc. Amended and ~~development~~Restated ~~expenses~~Change ~~consist~~in ofControl ~~expenses~~Severance ~~incurred~~Plan by(the ~~our~~“CIC ~~production~~Plan”). ~~studios~~The ~~for~~CIC ~~personnel~~Plan is a “double-~~related~~trigger” ~~costs~~plan, ~~related~~which ~~overhead~~provides ~~costs,~~Senior ~~external~~Vice ~~third-party~~Presidents ~~development~~and ~~costs,~~above ~~contracted~~with ~~services,~~payments and ~~depreciation.~~benefits ~~Research~~if ~~and~~their employment ~~development~~is ~~expenses~~terminated without “cause” or if they resign for ~~our~~“good ~~online~~reason” ~~products~~(each, as defined in the CIC Plan) during the three-month period preceding (if made in connection with the change in control) or 18-month period following a change in control of the Company (a “Qualifying Termination”). The CIC Plan payments and benefits include ~~expenses~~(i) ~~incurred~~a bylump ~~our~~sum ~~studios~~cash severance payment, consisting of ~~direct~~1.5 ~~development~~times ~~and~~(or ~~related~~2 ~~overhead~~times ~~costs~~for the CEO) the sum of annual base salary, as in ~~connection~~effect ~~with~~immediately prior to the ~~development~~date of termination, and ~~production~~target annual cash bonus opportunity for the year of termination, ~~our~~(ii) ~~online~~a ~~games.~~prorated ~~Research~~annual bonus for the year of termination equal to the greater of target and ~~development~~actual ~~expenses~~performance, (iii) ~~also~~a ~~include~~payment ~~expenses~~equal ~~associated~~to ~~with~~the ~~our~~applicable ~~digital~~monthly ~~platform~~COBRA premium for continued health benefits for 18 months (or 24 months for our CEO), ~~software~~and ~~licenses~~(iv) full vesting of all outstanding and ~~maintenance~~unvested equity awards, with the vesting of any performance-based equity awards governed by the terms of the appliable equity award agreements, as described below. As a condition to our NEOs’ right to receive the payments and ~~management~~benefits ~~overhead~~provided under the CIC Plan, the NEO is required to execute a release of claims against the Company (unless the requirement is waived) that includes a non-defamation provision.

~~Research~~The ~~and~~CIC ~~development~~Plan ~~expenses~~does not provide for ~~fiscal~~any ~~years~~additional ~~2026~~payments or benefits (for example, tax gross-ups or reimbursements) in the event that the payments under the CIC Plan and ~~2025~~other ~~were~~arrangements offered asby ~~follows~~the Company or its affiliates cause an executive officer to owe an excise tax under Sections 280G and 4999 of the Code (in“Section ~~millions~~280G”):. In contrast, the CIC Plan provides that if an executive officer would receive a greater net after-tax benefit by having his or her CIC Plan payments reduced to an amount that would avoid the imposition of the Section 280G excise tax, then his or her payment will be reduced accordingly.

March 31,2026						% of NetRevenue						March 31,2025						% of NetRevenue						$ Change						% Change
$	2,828					38		%				$	2,569					34		%				$	259					10		%

Performance-Based RSUs

~~Research~~Pursuant ~~and~~to ~~development~~the ~~expenses~~terms ~~increased~~of byPRSU ~~$259 million~~awards, orif 10a ~~percent,~~ change in ~~fiscal~~control ~~year~~of ~~2026,~~the asCompany ~~compared~~occurs prior to ~~fiscal~~the ~~year~~expiration ~~2025.~~of ~~This~~the ~~increase~~performance ~~was~~period ~~primarily~~and ~~due~~the toNEO aremains ~~$144~~employed ~~million~~by ~~increase~~the Company inor ~~personnel-related~~the ~~costs~~Company’s assuccessor ~~part~~entity, ofthe ~~our~~PRSUs ~~continued~~may ~~investment~~vest on their scheduled vesting date(s) following the change in ~~our~~control ~~studios,~~of the Company. The number of outstanding and anunvested ~~increase~~PRSUs inthat ~~variable~~remain ~~compensation,~~eligible ato ~~$53~~vest ~~million~~on ~~increase~~the inapplicable ~~studio-related~~vest dates ~~contracted~~(or ~~services~~vesting opportunities), ~~and~~which awe ~~$45~~refer ~~million~~to ~~increase~~as “Eligible Units,” will be determined as of such change in control ~~digital~~based ~~infrastructure~~on ~~costs~~actual or target performance, as follows.

~~Marketing~~Net Bookings and ~~Sales~~Non-GAAP Operating Income PRSUs ■ If the change in control occurs during the first measurement period of the performance period, the number of Eligible Units will be based on target performance. ■ If the change in control occurs on or after completion of the first measurement period of the performance period, the number of Eligible Units will be equal to (a) actual performance for each completed measurement period and (b) the greater of the target and actual level of performance for each remaining measurement period. Relative TSR PRSUs ■ If the change in control occurs during the first measurement period of the performance period, the number of Eligible Units will be based on target performance. ■ If the change in control occurs on or after completion of the first measurement period of the performance period, the number of Eligible Units will be based on actual performance through the last business day preceding the change in control. Absolute TSR PRSUs ■ The number of Eligible Units will be based on actual performance through the last business day preceding the change in control.

Marketing and sales expenses consist of advertising, marketing and promotional expenses, personnel-related costs, and related overhead costs.

Marketing and sales expenses for fiscal years 2026 and 2025 were as follows (in millions):

March 31,2026						% of NetRevenue						March 31,2025						% of NetRevenue						$ Change						% Change
$	1,128					15		%				$	962					13		%				$	166					17		%

Marketing and sales expenses increased by $166 million, or 17 percent, in fiscal year 2026, as compared to fiscal year 2025. This increase was primarily due to higher advertising and marketing spending related to the release of Battlefield 6, partially offset by a decrease in advertising and marketing spending for Apex Legends.

General and Administrative

~~Table~~If the employment of ~~Contents~~the NEO is terminated due to a Qualifying Termination, the Eligible Units will vest in full upon the date of such Qualifying Termination, subject to the timely execution of a severance agreement and release of claims against the Company. Any reduction of the recipient’s awards in respect of Section 280G would be applied in the same manner with respect to the PRSUs as under the CIC Plan.

~~General~~Estimated ~~and~~Potential ~~administrative~~Payments ~~expenses~~Upon consist of personnel and related expenses of executive and administrative staff, corporate functions such as finance, legal, human resources, and information technology (“IT”), related overhead costs, fees for professional services, and allowances for doubtful accounts.Termination

~~General~~The following table sets forth an estimate of the potential payments and ~~administrative~~benefits ~~expenses~~under ~~for~~the ~~fiscal~~terms ~~years~~of ~~2026~~our equity award agreements and ~~2025~~the ~~were~~CIC Plan that would be payable to our NEOs assuming they incurred a termination of employment due to death, disability or in connection with a change in control as ~~follows~~described above, in each case, on March 28, 2026, the last day of fiscal year 2026. For purposes of the estimates below, we used the closing price of our common stock on March 27, 2026 (the last trading day of fiscal year 2026) of $202.01. The disclosures for Qualifying Termination below are based on the requirements of Item 402(j), which requires us to assume that a Qualifying Termination and a hypothetical change in ~~millions~~control occurred on March 28, 2026 (rather than pursuant to the terms of the pending transaction under the Merger Agreement):.

March 31,2026				% of NetRevenue				March 31,2025		% of NetRevenue		$ Change		% Change
Name		Cash Severance ($)(1)	Pro Rata Bonus ($)(2)	RSUs ($)(3)	PRSUs ($)(3)	Other ($)(4)	Total ($)
$	763			10	%			$	745	10	%	$	18	2	%
Andrew Wilson
Termination due to Death		—	—	22,859,048		—
Termination due to Disability		—	—	8,295,541		—
Qualifying Termination		9,100,000	6,500,000	22,859,048	87,011,969	85,320	125,556,337
Stuart Canfield
Termination due to Death		—	—	7,272,360		—
Termination due to Disability		—	—	2,024,948		—
Qualifying Termination		2,250,000	1,500,000	7,272,360	27,436,998	21,312	38,480,670
Laura Miele
Termination due to Death		—	—	9,331,852		—
Termination due to Disability		—	—	3,490,733		—
Qualifying Termination		2,784,375	1,200,000	9,331,852	36,600,980	57,618	49,974,825
Mala Singh
Termination due to Death		—	—	6,933,387		—
Termination due to Disability		—	—	2,558,053		—
Qualifying Termination		1,950,000	900,000	6,933,387	17,884,147	57,618	27,725,153
Jake Schatz
Termination due to Death		—	—	6,933,387		—
Termination due to Disability		—	—	2,558,053		—
Qualifying Termination		1,950,000	1,000,000	6,933,387	17,884,147	63,990	27,831,525

General and administrative expenses increased by $18 million, or 2 percent, in fiscal year 2026, as compared to fiscal year 2025. This increase was primarily due to $28 million of fees and other direct expenses related to the Merger, partially offset by a $7 million decrease in IT related costs.

⁽¹⁾	Represents the sum of each NEO’s annual base salary as of March 28, 2026, and target cash bonus opportunity for fiscal year 2026, respectively, multiplied by 2 for Mr. Wilson and by 1.5 for our other NEOs.
⁽²⁾	CIC Plan pro rata bonus for the year of termination, which is equivalent to the full-year FY26 bonus amount calculated based on actual performance.
⁽³⁾	Termination due to Death: Represents the value of unvested RSUs that would accelerate and vest in full assuming a termination date of March 28, 2026. Accelerated vesting in the event of death is consistent with the treatment applicable to all employees with RSUs. Upon a termination due to death, PRSUs remain eligible to vest on their regularly scheduled vest dates, based on actual performance for the applicable metric at the end of the applicable measurement periods. For purposes of this table, no value is attributed to outstanding PRSUs which would have remained eligible to vest based on actual performance at the end of the applicable measurement periods because neither the level of performance that will be achieved nor the market price of our common stock at the time of vesting could be determined as of March 28, 2026.
	Termination due to Disability: Represents the value of unvested RSUs that would accelerate on a pro-rata basis assuming a termination date March 28, 2026, based on the number of RSUs scheduled to vest on the next anniversary of the grant date multiplied by the number of months worked during the 12 months preceding such anniversary date, divided by 12. Upon a termination due to disability, PRSUs remain eligible to vest on their regularly scheduled vest dates on a pro-rata basis, based on actual performance at the end of the applicable measurement periods. For purposes of this table, no value is attributed to outstanding PRSUs which would have remained eligible to vest based on actual performance at the end of the applicable measurement periods because neither the level of performance that will be achieved nor the market price of our common stock at the time of vesting could be determined as of March 28, 2026.
	Qualifying Termination: Represents the value of unvested RSUs and PRSUs that would become vested assuming a Qualifying Termination occurred on March 28, 2026, calculated based on the following with respect to PRSUs:

Income Taxes

Award Month & Year	Net Bookings and Non-GAAP Operating Income PRSUs	Relative TSR PRSUs	Absolute TSR PRSUs
June 2025	■ actual performance for the first tranche ■ target performance for the second and third tranches	actual performance based on how relative TSR was tracking for each of these grants as of March 28, 2026	actual performance based on how absolute TSR was tracking for this grant as of March 28, 2026
June 2024	■ actual performance for first and second tranches ■ target performance for the third tranche
June 2023	■ actual performance for all three tranches	actual performance	N/A

~~Provision~~(4) ~~for~~Represents ~~income~~a ~~taxes~~payment ~~for~~equal ~~fiscal~~to ~~years~~the ~~2026~~estimated ~~and~~monthly ~~2025~~COBRA ~~was~~premiums asfor ~~follows~~18 months (inor ~~millions~~24 months for our CEO):.

March 31, 2026						Effective Tax Rate						March 31, 2025						Effective Tax Rate
$	293					24.8		%				$	484					30.2		%

Our effective tax rate for the fiscal year ended March 31, 2026 was 24.8 percent as compared to 30.2 percent in fiscal year 2025.

During the fiscal year ended March 31, 2026, we recognized $24 million of tax benefit from higher excess stock-based compensation in various jurisdictions. Excluding the effect of the excess stock-based compensation, the effective tax rate for fiscal year 2026 would have been 26.9 percent.

During the fiscal year ended March 31, 2025, we recognized a $51 million tax charge to increase the valuation allowance on Swiss deferred tax assets as a result of various factors including our business operations, geographical income mix, and an increase in the Swiss interest rates. Excluding the effect of the change in valuation allowance, the effective tax rate for fiscal year 2025 would have been 27.0 percent.

Our effective tax rates for future periods will continue to depend on a variety of factors, including changes in our business, such as acquisitions and intercompany transactions, our corporate structure, the geographic location of business functions or assets, the geographic mix of income, our agreements with tax authorities, applicable accounting rules, applicable tax laws and regulations, rulings and interpretations thereof, developments in tax audit and other matters, and variations in our annual pre-tax income or loss. We anticipate that the impact of excess tax benefits and changes in valuation allowances may result in significant fluctuations to our effective tax rate in the future.

Comparison of Fiscal Year 2025 to Fiscal Year 2024

For the comparison of fiscal year 2025 to fiscal year 2024, refer to Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K for our fiscal year ended March 31, 2025, filed with the SEC on May 13, 2025 under the subheading “Comparison of Fiscal Year 2025 to Fiscal Year 2024.”

~~Table~~Fiscal ofYear ~~Contents~~2026 Pay Ratio

	As of March 31,
(In millions)	2026			2025			Increase/(Decrease)
Cash and cash equivalents	$	2,864		$	2,136		$	728
Short-term investments	116			112			4
Total	$	2,980		$	2,248		$	732
Percentage of total assets	23		%	18		%
	Year Ended March 31,
(In millions)	2026			2025			Change
Net cash provided by operating activities	$	2,553		$	2,079		$	474
Net cash provided by (used in) investing activities	(276)			37			(313)
Net cash used in financing activities	(1,568)			(2,863)			1,295
Effect of foreign exchange on cash and cash equivalents	19			(17)			36
Net increase (decrease) in cash and cash equivalents	$	728		$	(764)		$	1,492

For fiscal year 2026, the annual total compensation of our median employee was $126,612, and the annual total compensation of Mr. Wilson, was $38,649,984. The ratio of these amounts is 305 to 1.

~~For~~This ~~the~~ratio ~~comparison~~is ofa ~~fiscal~~reasonable ~~year~~estimate ~~2025~~calculated toin ~~fiscal~~a ~~year~~manner ~~2024,~~consistent with ~~refer to Part II,~~ Item 7402(u) ~~“Management’s Discussion and Analysis~~ of ~~Financial~~Regulation ~~Condition and Results of Operations” of our Annual Report on Form 10~~S-K ~~for our fiscal year ended March 31, 2025, filed with the SEC on May 13, 2025~~ under the ~~subheading~~Exchange ~~“Liquidity and Capital Resources~~Act.”

~~Changes~~To identify our median employee, we used a consistently applied compensation measure (“CACM”) for all employees on our worldwide payroll as of March 15, 2026, including full time, part-time, regular, and temporary employees. Because fiscal year 2025 was the final year in ~~Cash~~which ~~Flow~~we used the median employee previously identified for purposes of our CEO pay ratio disclosure, we identified a new employee for fiscal year 2026.

~~Operating~~Our ~~Activities.~~CACM ~~Net~~consisted ~~cash~~of ~~provided~~the byfollowing ~~operating~~elements ~~activities~~of ~~increased by $474 million during fiscal year 2026~~compensation, as ~~compared to fiscal year 2025, primarily driven by higher cash collections~~ obtained from ~~sales~~our ~~and~~internal ~~lower~~payroll ~~cash payments for income taxes, partially offset by lower cash inflows from hedging activities, higher personnel-related payments,~~ and ~~higher~~other ~~royalty, marketing and advertising payments.~~systems:

~~Investing~~■ ~~Activities.~~base ~~Net~~salary ~~cash used in investing activities increased by $313 million during fiscal year 2026,~~ as ~~compared~~of toMarch ~~fiscal year 2025~~15, ~~primarily~~2026 ~~driven~~(annualized byfor apermanent ~~$566~~employees ~~million~~on ~~decrease~~leave ~~in proceeds from maturities and sales~~ of ~~short-term~~absence ~~investments,~~or ~~partially~~not ~~offset~~employed byfor ~~$279~~the ~~million~~full ~~of reduced purchases of short-term and other investments.~~year);

~~Financing~~■ ~~Activities.~~target ~~Net~~annual ~~cash~~bonus ~~used~~(non-equity inincentive ~~financing~~plan ~~activities~~compensation) ~~decreased by $1,295 million during fiscal year 2026,~~ as ~~compared to fiscal year 2025, primarily driven by~~ a ~~$1,739~~percentage ~~million~~of ~~decrease~~base insalary ~~cash~~as ~~paid for common stock repurchases and related excise taxes, partially offset by a $400 million repayment~~ of ~~senior~~March ~~notes~~15, ~~and a $57 million increase in cash paid to taxing authorities for withholding taxes related to stock-based compensation.~~2026;

~~Short-term~~■ ~~Investments~~the grant date fair market value of equity awards granted to employees in fiscal year 2026; and

~~Due~~■ toexchange ~~our mix of fixed and variable rate securities, our short-term investment portfolio is susceptible to changes in short-term interest~~ rates. Aswere ofapplied ~~March 31,~~as ~~2026, our short-term investments had net unrealized losses~~ of ~~less~~the ~~than~~determination ~~$1 million~~date ~~or less than 1 percent of total short-term investments. From time~~ to ~~time,~~convert ~~we may liquidate some or~~ all ~~of our short~~non-~~term~~U.S. ~~investments~~currencies tointo ~~fund~~U.S. ~~operational needs or other activities, such as capital expenditures, business acquisitions or debt repayment obligations~~dollars.

~~Senior~~For ~~Notes~~fiscal year 2026, we used target annual bonus opportunity as part of our CACM rather than discretionary bonuses (performance or other one-time payments) actually paid during the fiscal year. We believe target annual bonus provides a more consistent measure of annual compensation opportunity and reduces the impact of one-time or non-recurring payments in identifying the median employee.

InOther ~~February~~than ~~2021,~~annualizing webase ~~issued~~salary, ~~$750 million aggregate principal amount of the 2031 Notes~~ and ~~$750 million aggregate principal amount of~~ the ~~2051~~related ~~Notes.~~target ~~The~~annual ~~effective~~bonus opportunity, ~~interest~~for ~~rate~~permanent isemployees ~~1.98%~~on ~~for~~leave ~~the~~of ~~2031~~absence ~~Notes~~or ~~and~~not ~~3.04%~~employed for the ~~2051~~full ~~Notes.~~year, ~~Interest~~we isdid ~~payable~~not ~~semiannually~~make inany ~~arrears~~compensation adjustments, whether onfor ~~February~~cost 15of ~~and~~living ~~August~~or 15otherwise, ofin ~~each~~the ~~year~~identification process.

~~See~~The ~~Note~~median 11employee’s —annual ~~Financing~~total ~~Arrangements~~compensation tofor ~~the~~fiscal ~~Consolidated~~year 2026 ~~Financial~~was ~~Statements~~calculated in ~~this~~USD ~~Form~~and ~~10-K~~determined asusing itthe ~~relates~~same methodology used to ~~our~~determine ~~Senior~~Mr. ~~Notes,~~Wilson’s ~~which~~annual istotal ~~incorporated~~compensation byset forth ~~reference~~in ~~into~~the ~~this~~“Fiscal ~~Item~~Year 72026 Summary Compensation Table.”

SEC regulations permit companies to adopt a variety of methodologies, apply certain exclusions and to make reasonable estimates and assumptions that reflect their compensation practices and other factors unique to their workforce and business operations when calculating their pay ratio. Therefore, the pay ratio reported by other companies may not be comparable to the pay ratio reported above.

~~Table~~Pay ofVersus ~~Contents~~Performance Table

~~Credit~~The ~~Facility~~following table provides information regarding the compensation paid to our principal executive officer (or PEO) and non-PEO NEOs for the fiscal years ended March 31, 2026, 2025, 2024, 2023 and 2022, and certain measures of Company performance for such periods. We are using non-GAAP net revenue as the Company Selected Measure.

On March 22, 2023, we entered into a $500 million unsecured revolving credit facility (the "Credit Facility") with a syndicate of banks. The Credit Facility terminates on March 22, 2028 unless the maturity is extended in accordance with its terms. As of March 31, 2026, no amounts were outstanding. The Credit Facility contains an option to arrange with existing lenders and/or new lenders to provide up to an aggregate of $500 million in additional commitments for revolving loans. Proceeds of loans made under the Credit Facility may be used for general corporate purposes. See Note 11 — Financing Arrangements to the Consolidated Financial Statements in this Form 10-K as it relates to our Credit Facility, which is incorporated by reference into this Item 7.


					Value of Initial Fixed $100 Investment Based on:

Year	Summary Compensation Table Total for PEO⁽¹⁾ ($)	Compensation Actually Paid to PEO⁽²⁾ ($)	Average Summary Compensation Table Total for Non-PEO NEOs⁽¹⁾($)	Average Compensation Actually Paid to Non-PEO NEOs⁽²⁾ ($)	Total Shareholder Return⁽³⁾($)	Peer Group Total Shareholder Return⁽⁴⁾($)	Net Income (in millions) ($)	Non- GAAP Net Revenue (in millions)⁽⁵⁾ ($)
(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)
2026	38,649,984	77,231,168	10,461,984	21,958,467	155	137	887	8,026
2025	30,529,835	29,242,935	9,257,166	9,041,012	109	129	1,121	7,355
2024	25,643,093	24,758,368	6,883,584	8,222,584	100	121	1,273	7,430
2023	20,659,002	9,942,539	8,383,839	3,432,972	90	97	802	7,341
2022	19,858,539	9,862,702	9,279,183	5,423,948	94	107	789	7,515

~~Financial~~(1) ~~Condition~~The named executive officers for each applicable year are:

Our material cash requirements, including commitments for capital expenditure, as of March 31, 2026 are set forth in our Note 13 — Commitments and Contingencies to the Consolidated Financial Statements in this Form 10-K, which is incorporated by reference into this Item 7. We believe that our cash, cash equivalents, short-term investments, cash generated from operations and available financing facilities will be sufficient to meet these material cash requirements, which include licensing intellectual property from sports organizations and players associations used in our EA SPORTS titles and third-party content, debt repayment obligations, and to fund our operating requirements for the next 12 months and beyond. Our operating requirements include working capital requirements, capital expenditures, our capital return programs, and potentially, future acquisitions or strategic investments. We may choose at any time to raise additional capital to repay debt, strengthen our financial position, facilitate expansion, pursue strategic acquisitions and investments, and/or to take advantage of business opportunities as they arise. There can be no assurance, however, that such additional capital will be available to us on favorable terms, if at all, or that it will not result in substantial dilution to our existing stockholders.

Year	PEO	Non-PEO NEOs
2026	Andrew Wilson	Laura Miele, Stuart Canfield, Mala Singh, Jake Schatz.
2025	Andrew Wilson	Laura Miele, Stuart Canfield, Mala Singh, Jake Schatz.
2024	Andrew Wilson	Laura Miele, Stuart Canfield, Mala Singh, Jake Schatz, Chris Suh.
2023	Andrew Wilson	Laura Miele, Chris Suh, Chris Bruzzo, Mala Singh, Kenneth Moss.
2022	Andrew Wilson	Laura Miele, Chris Suh, Kenneth Moss, Chris Bruzzo, Blake Jorgensen.

During fiscal year 2026, we returned $941 million to stockholders through our capital return programs, which include repurchasing 5.3 million shares for approximately $750 million and paying $191 million through our quarterly cash dividend program.

Year	Executives	Summary Compensation Table Total		Deduct Summary Compensation Table Stock Awards		Add Year-End Value of Unvested Equity Granted in Year		Add Change in Value of Unvested Awards Granted in Prior Years		Add Change in Value of Vested Equity Granted in Prior Years		Compensation Actually Paid
2026	PEO	$	38,649,984	$	28,484,829	$	43,865,997	$	20,333,651	$	2,866,365	$	77,231,168
2026	Non-PEO NEOs*	$	10,461,984	$	8,568,047	$	13,082,630	$	6,104,855	$	877,045	$	21,958,467

~~Our~~* ~~foreign~~Presented ~~subsidiaries~~on ~~are~~an ~~generally~~averaged subject to U.S. tax, and to the extent earnings from these subsidiaries can be repatriated without a material tax cost, such earnings will not be indefinitely reinvested. As of March 31, 2026, approximately $796 million of our cash and cash equivalents were domiciled in foreign tax jurisdictions. All of our foreign cash is available for repatriation without a material tax cost.basis

~~We have a “shelf” registration statement on Form S-~~(3) onThe ~~file~~amounts ~~with~~reported ~~the SEC. This shelf registration statement, which includes a base prospectus, allows us at any time to offer any combination of securities described~~ in ~~the~~this ~~prospectus~~column inreflect ~~one or more offerings. Unless otherwise specified in a prospectus supplement accompanying~~ the ~~base~~Company’s ~~prospectus,~~cumulative weTSR ~~would~~as ~~use~~of ~~the~~March ~~net~~31 ~~proceeds from the sale~~ of ~~any~~each ~~securities~~year ~~offered pursuant to the shelf registration statement for general corporate purposes~~presented, ~~which~~assuming ~~may~~an ~~include~~initial ~~funding~~fixed ~~for~~$100 ~~working~~investment ~~capital,~~on ~~financing~~March ~~capital expenditures~~31, ~~research and development, marketing and distribution efforts, and if opportunities arise, for acquisitions or strategic alliances~~2021. ~~Pending such uses, we may invest the net proceeds in interest bearing securities. In addition, we may conduct concurrent or other financings at any time.~~

~~Our~~(4) ~~ability~~The topeer ~~maintain~~group ~~sufficient~~used ~~liquidity~~for ~~could~~relative beTSR ~~affected~~is by various risks and uncertainties including, but not limited to, customer demand and acceptance of our products, our ability to collect our accounts receivable as they become due, successfully achieving our product release schedules and attaining our forecasted sales objectives, economic conditions in the ~~United~~RDG ~~States~~Technology ~~and~~Composite ~~abroad,~~Index ~~the impact of acquisitions and other strategic transactions in~~ which weis ~~may engage,~~ the ~~impact~~same ofpeer ~~competition,~~group the ~~seasonal~~Company ~~and~~uses ~~cyclical~~for ~~nature~~its ofItem ~~our~~201(e) ~~business~~of ~~and~~Regulation ~~operating~~S-K ~~results~~disclosure, ~~and~~assuming ~~the~~an ~~other~~initial ~~risks~~fixed ~~described~~$100 ininvestment ~~the~~on ~~“Risk~~March ~~Factors” section~~31, ~~included in Part I, Item 1A of this report~~2021.

As(5) ofWe ~~March 31,~~identified ~~2026,~~Non-GAAP weNet ~~did~~Revenue ~~not~~as ~~have~~our ~~any~~Company-Selected ~~off~~Measure. Non-~~balance~~GAAP ~~sheet~~Net ~~arrangements~~Revenue is calculated by adding total GAAP net revenue to the change in deferred net revenue for online-enabled games. Additional information regarding use of non-GAAP measures and reconciliations to the most direct comparable GAAP measures can be found in the “Supplemental Information” section that follows below.

~~Table~~Relationship ofbetween ~~Contents~~“Compensation Actually Paid” and TSR

~~Item~~Relationship ~~7A: Quantitative~~between ~~and~~“Compensation ~~Qualitative~~Actually ~~Disclosures~~Paid” and ~~About~~Net ~~Market Risk~~Income

~~MARKET~~Relationship ~~RISK~~between “Compensation Actually Paid” and Non-GAAP Net Revenue

WeMost ~~are~~Important ~~exposed~~Performance to various market risks, including changes in foreign currency exchange rates, interest rates and market prices, which have experienced significant volatility. Market risk is the potential loss arising from changes in market rates and market prices. We employ established policies and practices to manage these risks. Foreign currency forward contracts are used to hedge anticipated exposures or mitigate some existing exposures subject to foreign exchange risk as discussed below. While we do not hedge our short-term investment portfolio, we protect our short-term investment portfolio against different market risks, including interest rate risk as discussed below. Our cash and cash equivalents portfolio consists of highly liquid investments with insignificant interest rate risk and original or remaining maturities of three months or less at the time of purchase. We do not enter into derivatives or other financial instruments for speculative trading purposes and do not hedge our market price risk relating to marketable equity securities, if any.Measures

~~Foreign~~The ~~Currency~~performance ~~Exchange~~measures ~~Risk~~identified below represent the measures the Company considers the most important in its executive compensation program linking pay to performance for fiscal year 2026. The use of each measure is discussed in the Compensation Discussion and Analysis.

~~Foreign~~Most ~~Currency~~Important ~~Exchange~~Performance ~~Rates.~~Measures* ~~International~~Non-GAAP ~~sales~~Net ~~are~~Revenue aNon-GAAP ~~fundamental~~Earnings ~~part~~Per ofShare ~~our~~Non-GAAP ~~business,~~Operating and the strengthening of the U.S. dollar (particularly relative to the Euro, British pound sterling, Australian dollar, Japanese yen, Chinese yuan, South Korean won and Polish zloty) has a negative impact on our reported international net revenue, but a positive impact on our reported international operating expenses (particularly the Swedish krona and the Canadian dollar) because these amounts are translated at lower rates as compared to periods in which the U.S. dollar is weaker. While we use foreign currency hedging contracts to mitigate some foreign currency exchange risk, these activities are limited in the protection that they provide us and can themselves result in losses.Income

~~Cash~~*The ~~Flow~~“Supplemental ~~Hedging~~Information” section ~~Activities.~~that Wefollows ~~hedge~~below provides a ~~portion~~reconciliation ofbetween our ~~foreign currency risk related to forecasted foreign currency~~non-~~denominated~~GAAP ~~sales~~financial ~~and~~measures ~~expense transactions by purchasing foreign currency forward contracts that generally have maturities of 18 months or less. These transactions are designated~~ and ~~qualify~~our asaudited ~~cash~~financial ~~flow hedges~~statements. ~~Our hedging programs are designed to reduce, but do not entirely eliminate, the impact of currency exchange rate movements in net revenue and research and development expenses.~~

Balance Sheet Hedging Activities. We use foreign currency forward contracts to mitigate foreign currency exchange risk associated with foreign currency-denominated monetary assets and liabilities, primarily intercompany receivables and payables. These foreign currency forward contracts generally have a contractual term of three months or less and are transacted near month-end.

We believe the counterparties to our foreign currency forward contracts are creditworthy multinational commercial banks. While we believe the risk of counterparty nonperformance is not material, a sustained decline in the financial stability of financial institutions as a result of disruption in the financial markets could affect our ability to secure creditworthy counterparties for our foreign currency hedging programs.

Notwithstanding our efforts to mitigate some foreign currency exchange risks, there can be no assurance that our hedging activities will adequately protect us against the risks associated with foreign currency fluctuations. As of March 31, 2026, a hypothetical adverse foreign currency exchange rate movement of 10 percent or 20 percent would have resulted in potential declines in the fair value on our foreign currency forward contracts used in cash flow hedging of $198 million or $396 million, respectively. As of March 31, 2026, a hypothetical adverse foreign currency exchange rate movement of 10 percent or 20 percent would have resulted in potential losses in the Consolidated Statements of Operations on our foreign currency forward contracts used in balance sheet hedging of $118 million or $236 million, respectively. This sensitivity analysis assumes an adverse shift of all foreign currency exchange rates; however, all foreign currency exchange rates do not always move in the same manner and actual results may differ materially. See Note 5 — Derivative Financial Instruments to the Consolidated Financial Statements in this Form 10-K as it relates to our derivative financial instruments, which is incorporated by reference into this Item 7A.

~~Table~~Supplemental ~~of Contents~~Information

~~Interest~~The ~~Rate~~“Compensation ~~Risk~~Discussion and Analysis” and compensation disclosures above contain certain non-GAAP financial measures, which are used internally by our management and Board of Directors in our compensation programs. The table below reconciles these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (“GAAP”).

~~Our~~Calculation exposure to market risk for changes in interest rates relates primarily to our short-term investment portfolio. We manage our interest rate risk by maintaining an investment portfolio generally consisting of ~~debt instruments of high credit quality and relatively short maturities. However, because short~~Non-~~term~~GAAP ~~investments~~Financial ~~mature~~Measures relatively quickly and, if reinvested, are invested at the then-current market rates, interest income on a portfolio consisting of short-term investments is subject to market fluctuations to a greater extent than a portfolio of longer term investments. Additionally, the contractual terms of the investments do not permit the issuer to call, prepay or otherwise settle the investments at prices less than the stated par value. Our investments are held for ~~purposes~~FY26 ~~other than trading. We do not use derivative financial instruments in our short-term investment portfolio.~~Results

As of March 31, 2026, our short-term investments were classified as available-for-sale securities and, consequently, were recorded at fair value with changes in fair value, including unrealized gains and unrealized losses not related to credit losses, reported as a separate component of accumulated other comprehensive income (loss), net of tax, in stockholders’ equity.

(In Millions, Except Earnings Per Share)	Fiscal Year Ended March 31, 2026
GAAP net revenue	$	7,531
Change in deferred net revenue (online-enabled games)		495
Non-GAAP net revenue	$	8,026
GAAP gross profit	$	5,947
Acquisition-related expenses		37
Change in deferred net revenue (online-enabled games)		495
Stock-based compensation		11
Non-GAAP gross profit	$	6,490
GAAP operating expenses	$	4,785
Acquisition-related expenses		(94	)
Stock-based compensation		(645	)
Non-GAAP operating expenses	$	4,046
GAAP net income	$	887
Acquisition-related expenses		131
Change in deferred net revenue (online-enabled games)		495
Stock-based compensation		656
Income tax rate adjustments		(175	)
Non-GAAP net income	$	1,994
GAAP diluted earnings per share	$	3.51
Non-GAAP diluted earnings per share	$	7.88
GAAP diluted shares		253
Non-GAAP diluted shares		253

Notwithstanding our efforts to manage interest rate risks, there can be no assurance that we will be adequately protected against risks associated with interest rate fluctuations. Changes in interest rates affect the fair value of our short-term investment portfolio. To provide a meaningful assessment of the interest rate risk associated with our short-term investment portfolio, we performed a sensitivity analysis to determine the impact a change in interest rates would have on the value of the portfolio assuming a 150 basis point parallel shift in the yield curve. As of March 31, 2026, a hypothetical 150 basis point increase in interest rates would have resulted in a $1 million, or 1 percent decrease in the fair market value of our short-term investments.

~~Table~~Calculation of ~~Contents~~Non-GAAP Financial Measures for Company Bonus Funding and PRSU Attainment

Item 8: Financial Statements and Supplementary Data

(In Millions, Except Earnings Per Share)	Fiscal Year Ended March 31, 2026
GAAP net revenue	$	7,531
Change in deferred net revenue (online-enabled games)		495
Non-GAAP net revenue	$	8,026
GAAP gross profit	$	5,947
Acquisition-related expenses		37
Change in deferred net revenue (online-enabled games)		495
Stock-based compensation		11
Non-GAAP gross profit	$	6,490
GAAP operating expenses	$	4,785
Acquisition-related expenses		(94	)
Stock-based compensation		(645	)
Non-GAAP operating expenses	$	4,046
Non-GAAP operating income	$	2,444
GAAP net income	$	887
Acquisition-related expenses		131
Change in deferred net revenue (online-enabled games)		495
Stock-based compensation		656
Income tax rate adjustments		(175	)
Bonus expense, net of tax		265
Non-GAAP net income	$	2,259
GAAP diluted earnings per share	$	3.51
Non-GAAP diluted earnings per share	$	8.93
GAAP diluted shares		253
Non-GAAP diluted shares		253

~~Index~~About toNon-GAAP ~~Consolidated~~ Financial ~~Statements~~Measures

			Page
Consolidated Financial Statements of Electronic Arts Inc. and Subsidiaries:
Consolidated Balance Sheets as of March 31, 2026 and 2025			35
Consolidated Statements of Operations for the Years Ended March 31, 2026, 2025, and 2024			36
Consolidated Statements of Comprehensive Income for the Years Ended March 31, 2026, 2025, and 2024			37
Consolidated Statements of Stockholders’ Equity for the Years Ended March 31, 2026, 2025, and 2024			38
Consolidated Statements of Cash Flows for the Years Ended March 31, 2026, 2025, and 2024			39
Notes to Consolidated Financial Statements			40
Report of Independent Registered Public Accounting Firm (KPMG LLP, Santa Clara, CA, Auditor Firm ID: 185)			80

As a supplement to the Company’s financial measures presented in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company presents certain non-GAAP measures of financial performance. These non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. In addition, these non-GAAP measures have limitations in that they do not reflect all of the items associated with the Company’s results of operations as determined in accordance with GAAP. These non-GAAP financial measures do not reflect a comprehensive system of accounting and differ from GAAP measures with the same names and may differ from non-GAAP financial measures with the same or similar names that are used by other companies. The Company’s target and actual non-GAAP financial measures are calculated with reference to adjustments to GAAP financial measures, which currently include change in deferred net revenue (online-enabled games) acquisition-related expenses, stock-based compensation, income tax rate adjustments, and Bonus expense as applicable in any given reporting period. The Company may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures. Management believes that these non-GAAP financial measures provide investors with additional useful information to better understand and evaluate the Company’s operating results and future prospects because they exclude certain items that may not be indicative of the Company’s core business, operating results, or future outlook. When making compensation decisions for our executives, we utilize non-GAAP financial measures to evaluate the Company’s financial performance and the performance of our management team.

~~Table~~We ofbelieve ~~Contents~~it is appropriate to exclude these items for the following reasons:

~~ELECTRONIC~~Change ~~ARTS~~in ~~INC.~~Deferred ~~AND~~Net ~~SUBSIDIARIES~~Revenue (Online-enabled Games)

~~CONSOLIDATED~~The ~~BALANCE~~majority ~~SHEETS~~of our games, and related extra-content and services have online connectivity whereby a consumer may be able to download updates on a when-and-if-available basis (“future update rights”) for use with the offline core game content (“software license”). In addition, we may also offer a hosted connection for online playability (“online hosting”), that permits consumers to play against each other without a separate fee. Because the majority of our sales of our online-enabled games include future update rights and/or online hosting performance obligations, GAAP requires us to allocate a portion or all of the transaction price to these performance obligations which are recognized ratably over an estimated offering period. Our deferred net revenue balance is increased by the revenue being deferred for current sales and is reduced by the recognition of revenue from prior sales (this is referred to as the “change in the deferred revenue” balance). Our management excludes the impact of the net change in deferred net revenue related to online-enabled games in its non-GAAP financial measures for the reasons stated above and also to facilitate an understanding of our operations because all related costs of revenue are expensed as incurred.

(In millions, except par value data)	March 31, 2026		March 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	2,864	$	2,136
Short-term investments	116		112
Receivables, net	632		679
Other current assets	361		349
Total current assets	3,973		3,276
Property and equipment, net	613		586
Goodwill	5,388		5,376
Acquisition-related intangibles, net	195		293
Deferred income taxes, net	2,433		2,420
Other assets	529		417
TOTAL ASSETS	$	13,131	$	12,368
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, accrued, and other current liabilities	$	1,564	$	1,359
Deferred net revenue (online-enabled games)	2,233		1,700
Senior notes, current, net	—		400
Total current liabilities	3,797		3,459
Senior notes, net	1,485		1,484
Income tax obligations	604		594
Other liabilities	481		445
Total liabilities	6,367		5,982
Commitments and contingencies (See Note 13)
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized	—		—
Common stock, $0.01 par value. 1,000 shares authorized; 251 and 252 shares issued and outstanding, respectively	3		3
Additional paid-in capital	256		—
Retained earnings	6,607		6,470
Accumulated other comprehensive income (loss)	(102)		(87)
Total stockholders’ equity	6,764		6,386
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	13,131	$	12,368

Acquisition-Related Expenses

~~See~~GAAP ~~accompanying~~requires ~~Notes~~expenses to ~~Consolidated~~be ~~Financial~~recognized ~~Statements~~for various types of events associated with a business acquisition. These events include amortization of acquired intangible assets, post-closing adjustments associated with changes in the estimated amount of contingent consideration to be paid in an acquisition, and the impairment of accounting goodwill created as a result of an acquisition and/or acquired intangible assets when future events indicate there has been a decline in its value. Offsetting these expenses are certain cost exclusions related to impacts from current year acquisitions activity. When analyzing the operating performance of an acquisition in subsequent periods, our management excludes the GAAP impact of any adjustments to the fair value of these acquisition-related balances to its financial results.

Stock-Based Compensation

When evaluating the performance of its individual business units, the Company does not consider stock-based compensation charges. Likewise, the Company’s management teams exclude stock-based compensation expense from their short and long-term operating plans. In contrast, the Company’s management teams are held accountable for cash-based compensation and such amounts are included in their operating plans. Further, when considering the impact of equity award grants, we place a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants.

Income Tax Rate Adjustments

The Company uses a fixed, long-term projected tax rate internally to evaluate its operating performance, to forecast, plan and analyze future periods, and to assess the performance of its management team. Accordingly, the Company applies the same tax rate to its non-GAAP financial results and generally does not include one-time tax benefits. During fiscal year 2026, the Company applied a tax rate of 19% to determine the non-GAAP income tax expense.

Bonus Expense

The Company determines the funding for its bonus pool under the EA Bonus Plan based in part on financial performance, which includes a non-GAAP diluted earnings per share component. The Company excludes bonus expense under the EA Bonus Plan, as well as 401(k) plan and Canadian retirement plan match attainment adjustments for our U.S. and Canadian employees, when establishing the non-GAAP diluted earnings per share target, and measuring performance against that target because its effect on non-GAAP earnings per share is not indicative of the Company’s financial performance.

~~Table~~Director ~~of Contents~~Compensation

~~ELECTRONIC~~Our ~~ARTS~~Compensation ~~INC~~Committee is responsible for reviewing and recommending to our Board of Directors the compensation paid to our non-employee directors. ~~AND~~Their ~~SUBSIDIARIES~~review occurs at least once every two years, with the last review occurring in February 2025, in consultation with our independent compensation consultant Semler Brossy. Non-employee directors are paid a mix of cash and equity compensation consisting of (1) an annual board retainer, (2) committee, committee chair, and lead director fees, as applicable, and (3) an annual equity award, as described below.

~~CONSOLIDATED~~Fees ~~STATEMENTS~~Earned OFin ~~OPERATIONS~~Cash

	Year Ended March 31,
(In millions, except per share data)	2026		2025		2024
Net revenue	$	7,531	$	7,463	$	7,562
Cost of revenue	1,584		1,543		1,710
Gross profit	5,947		5,920		5,852
Operating expenses:
Research and development	2,828		2,569		2,420
Marketing and sales	1,128		962		1,019
General and administrative	763		745		691
Amortization and impairment of intangibles	66		67		142
Restructuring	—		57		62
Total operating expenses	4,785		4,400		4,334
Operating income	1,162		1,520		1,518
Interest and other income (expense), net	18		85		71
Income before provision for income taxes	1,180		1,605		1,589
Provision for income taxes	293		484		316
Net income	$	887	$	1,121	$	1,273
Earnings per share:
Basic	$	3.55	$	4.28	$	4.71
Diluted	$	3.51	$	4.25	$	4.68
Number of shares used in computation:
Basic	250		262		270
Diluted	253		264		272

The table below reflects the annualized components of fees earned in cash for non-employee directors for fiscal year 2026. For more information regarding the specific compensation received by each non-employee director during fiscal year 2026, see the “Fiscal Year 2026 Director Compensation Table” table below.

See accompanying Notes to Consolidated Financial Statements.

Annual Board Retainer		Amount ($)
Annual Board Retainer		60,000

Committee Fees		Amount ($)
Service on the Audit Committee		15,000
Service on the Compensation Committee		12,500
Service on the Nominating and Governance Committee		10,000

Lead Director and Committee Chair Fees		Amount ($)
Lead Director		50,000
Chair of the Audit Committee		15,000
Chair of the Compensation Committee		12,500
Chair of the Nominating and Governance Committee		10,000

Under the terms of our equity incentive plan, non-employee directors may elect to receive all or part of their fees in the form of EA common stock. As an incentive for our non-employee directors to increase their stock ownership in EA, non-employee directors making such an election receive vested shares of common stock valued at 110% of the cash compensation they otherwise would have received. These shares are awarded via the grant and immediate exercise of a stock option having an exercise price equal to the fair market value of our common stock on the grant date, which is the first trading day of each quarter of the Board year. Ms. Gonzalez, Mr. Huber, Ms. Roche, Mr. Simonson, and Ms. Ueberroth received all or part of their fees in the form of our common stock during fiscal year 2026.

Equity Compensation

In fiscal year 2026, non-employee directors also received an annual equity award of restricted stock units (“RSUs”) with a grant date fair value of approximately $260,000. These RSUs were granted upon election or re-election to the Board of Directors at our 2025 annual meeting. RSUs vest in full on the first anniversary of the grant date (or, if earlier, the date of the next annual meeting of stockholders following the grant date), subject to the non-employee director’s continuous service as a member of the Board of Directors through such date. For any director who may have previously elected to defer settlement of RSUs, the receipt of shares underlying vested RSUs may be deferred until the fifth or tenth anniversary of the original vesting date or the date the director terminates service with the Company.

Other Benefits

Non-employee directors who are not receiving such benefits with any employer may purchase certain EA health, dental and vision insurance while serving as a director. Participating directors pay 100% of their own insurance premiums. In addition, we offer non-employee directors the opportunity to receive cybersecurity services to protect their privacy, home networks and personal devices, where they may conduct EA business. The Company is charged an annual fee per participating director, which was less than $4,000 per person in fiscal year 2026.

~~Table~~Fiscal ofYear ~~Contents~~2026 Director Compensation Table

~~ELECTRONIC~~The ~~ARTS~~following ~~INC~~table shows compensation information for each of our non-employee directors during fiscal year 2026. ~~AND~~Mr. ~~SUBSIDIARIES~~Wilson, our CEO, does not receive any compensation for his service on our Board of Directors.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Name	Fees Earned or Paid in Cash ($)⁽¹⁾	Stock Awards ($)⁽²⁾	Option Awards ($)⁽³⁾	Total ($)
Kofi A. Bruce	90,000	259,923	—	349,923
Rachel Gonzalez	82,500	259,923	2,011	344,434
Jeffrey T. Huber	75,000	259,923	7,538	342,461
Talbott Roche	85,000	259,923	8,364	353,287
Richard A. Simonson	75,000	259,923	1,854	336,777
Luis A. Ubiñas	130,000	259,923	—	389,923
Heidi Ueberroth	72,500	259,923	1,754	334,177

	Year Ended March 31,
(In millions)	2026		2025		2024
Net income	$	887	$	1,121	$	1,273
Other comprehensive income (loss), net of tax:
Net gains (losses) on available-for-sale securities	—		—		1
Net gains (losses) on derivative instruments	(23)		1		(3)
Foreign currency translation adjustments	8		(16)		(3)
Total other comprehensive income (loss), net of tax	(15)		(15)		(5)
Total comprehensive income	$	872	$	1,106	$	1,268

⁽¹⁾

As discussed above, non-employee directors may elect to receive all or part of their fees in the form of EA common stock. See footnote 3 for additional information regarding the number of shares received in lieu of cash compensation by those non-employee directors who made such an election.

~~See~~(2) ~~accompanying~~Represents ~~Notes~~the aggregate grant date fair value of the annual RSU award granted to the non-employee directors and is calculated based on a closing price of $179.01 per share for our common stock on the August 14, 2025 grant date. Grant date fair value is determined for financial statement reporting purposes in accordance with FASB ASC Topic 718. For additional information regarding the valuation methodology for RSUs, see Note15 “Stock-Based Compensation, Employee Benefit Plans and Stock Repurchase Program,” to the Consolidated Financial Statements in our Annual Report. As of March 28, 2026 (the last day of fiscal year 2026), each of our current non-employee directors held 1,452 unvested RSUs.

⁽³⁾

Non-employee directors may elect to receive all or part of their fees in the form of EA common stock, and directors making such an election receive common stock valued at 110% of the cash compensation they would have otherwise received. These shares are awarded via the grant and immediate exercise of a stock option having an exercise price equal to the fair market value of our common stock on the grant date. The values in this column represent the premium received for shares in lieu of compensation. These grants are made on a quarterly basis on a predetermined date aligned with the month in which the Board generally holds regular quarterly meetings.

~~Table~~The table below sets forth information on the shares received upon immediate exercise of ~~Contents~~the option(s) granted to directors who elected to receive all or part of their fees in the form of EA common stock during fiscal year 2026.

ELECTRONIC ARTS INC. AND SUBSIDIARIES

Name	Grant Date	Exercise Price ($)	Shares Subject to Immediately Exercised Stock Option Grants	Grant Date Fair Value ($)
Rachel Gonzalez	5/1/2025	145.10	156	22,636
				22,636
Jeffrey T. Huber	5/1/2025	145.10	142	20,604
	8/1/2025	157.08	131	20,577
	11/3/2025	199.89	103	20,589
	2/2/2026	203.60	102	20,767
				82,537
Talbott Roche	5/1/2025	145.10	161	23,361
	8/1/2025	157.08	149	23,405
	11/3/2025	199.89	117	23,387
	2/2/2026	203.60	114	23,210
				93,363
Richard A. Simonson	5/1/2025	145.10	142	20,604
				20,604
Heidi Ueberroth	5/1/2025	145.10	137	19,879
				19,879

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

	Common Stock			Additional Paid-inCapital		RetainedEarnings		AccumulatedOtherComprehensiveIncome (Loss)		TotalStockholders’Equity
	Shares	Amount
Balances as of March 31, 2023	272,914	$	3	$	—	$	7,357	$	(67)	$	7,293
Total comprehensive income (loss)	—	—		—		1,273		(5)		1,268
Stock-based compensation	—	—		584		—		—		584
Issuance of common stock	3,496	—		(119)		—		—		(119)
Common stock repurchases and excise tax	(9,995)	—		(465)		(843)		—		(1,308)
Cash dividends declared ($0.76 per common share)	—	—		—		(205)		—		(205)
Balances as of March 31, 2024	266,415	$	3	$	—	$	7,582	$	(72)	$	7,513
Total comprehensive income (loss)	—	—		—		1,121		(15)		1,106
Stock-based compensation	—	—		642		—		—		642
Issuance of common stock	3,532	—		(156)		—		—		(156)
Common stock repurchases and excise tax	(17,632)	—		(486)		(2,034)		—		(2,520)
Cash dividends declared ($0.76 per common share)	—	—		—		(199)		—		(199)
Balances as of March 31, 2025	252,315	$	3	$	—	$	6,470	$	(87)	$	6,386
Total comprehensive income (loss)	—	—		—		887		(15)		872
Stock-based compensation	—	—		656		—		—		656
Issuance of common stock	3,671	—		(208)		—		—		(208)
Common stock repurchases and excise tax	(5,276)	—		(192)		(559)		—		(751)
Cash dividends declared ($0.76 per common share)	—	—		—		(191)		—		(191)
Balances as of March 31, 2026	250,710	$	3	$	256	$	6,607	$	(102)	$	6,764

See accompanying Notes to Consolidated Financial Statements.

~~Table~~Item 12: Security Ownership of ~~Contents~~Certain Beneficial Owners and Management and Related Stockholder Matters

~~ELECTRONIC~~Security ~~ARTS~~Ownership ~~INC.~~of ~~AND~~Certain ~~SUBSIDIARIES~~Beneficial Owners and Management

	Year Ended March 31,
(In millions)	2026		2025		2024
OPERATING ACTIVITIES
Net income	$	887	$	1,121	$	1,273
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, accretion and impairment	323		356		404
Stock-based compensation	656		642		584
Change in assets and liabilities:
Receivables, net	46		(115)		119
Other assets	(85)		40		148
Accounts payable, accrued, and other liabilities	206		190		(208)
Deferred income taxes, net	(13)		(41)		82
Deferred net revenue (online-enabled games)	533		(114)		(87)
Net cash provided by operating activities	2,553		2,079		2,315
INVESTING ACTIVITIES
Capital expenditures	(230)		(221)		(199)
Proceeds from maturities and sales of short-term investments	129		695		632
Purchase of short-term and other investments	(158)		(437)		(640)
Acquisitions, net of cash acquired	(17)		—		—
Net cash provided by (used in) investing activities	(276)		37		(207)
FINANCING ACTIVITIES
Payment of senior notes	(400)		—		—
Proceeds from issuance of common stock	83		78		77
Cash dividends paid	(191)		(199)		(205)
Cash paid to taxing authorities for shares withheld from employees	(291)		(234)		(196)
Common stock repurchases and excise taxes paid	(769)		(2,508)		(1,300)
Net cash used in financing activities	(1,568)		(2,863)		(1,624)
Effect of foreign exchange on cash and cash equivalents	19		(17)		(8)
Increase (decrease) in cash and cash equivalents	728		(764)		476
Beginning cash and cash equivalents	2,136		2,900		2,424
Ending cash and cash equivalents	$	2,864	$	2,136	$	2,900
Supplemental cash flow information:
Cash paid during the year for income taxes paid, net of refunds received	$	201	$	404	$	300
Cash paid during the year for interest	53		56		56
Non-cash investing activities:
Change in accrued capital expenditures	$	4	$	—	$	25

The following table shows, as of July 21, 2026, the number of shares of our common stock owned by our directors, NEOs, our current directors and executive officers as a group, and beneficial owners known to us holding more than 5% of our common stock. From time to time we engage in ordinary course business transactions with other companies in which one or more of our greater-than-5% beneficial owners may have an investment. As of July 21, 2026, there were 252,383,840 shares of our common stock outstanding. Except as otherwise indicated, the address for each of our directors and executive officers is c/o Electronic Arts Inc., 209 Redwood Shores Parkway, Redwood City, CA 94065.

See accompanying Notes to Consolidated Financial Statements.

Stockholder Name	Shares Owned⁽¹⁾	Right to Acquire⁽²⁾	Percent of Outstanding Shares⁽³⁾
The Public Investment Fund⁽⁴⁾	24,807,932	—	9.83%
Blackrock, Inc.⁽⁵⁾	22,383,518	—	8.87%
Vanguard Capital Management⁽⁶⁾	17,782,556	—	7.05%
State Street Corporation⁽⁷⁾	14,151,492	—	5.61%
Pentwater Capital Management LP⁽⁸⁾	12,807,500	—	5.08%
Andrew Wilson⁽⁹⁾	158,064	—	*
Stuart Canfield	27,598	—	*
Laura Miele	71,013	—	*
Mala Singh⁽¹⁰⁾	44,290	—	*
Jacob Schatz	42,287	—	*
Kofi A. Bruce	7,746	1,452	*
Rachel A. Gonzalez	7,854	1,452	*
Jeffrey T. Huber⁽¹¹⁾	2,184	1,452	*
Talbott Roche	27,337	1,452	*
Richard A. Simonson	79,681	10,617	*
Luis A. Ubiñas	—	51,986	*
Heidi J. Ueberroth	12,848	7,821	*
All current executive officers and directors as a group (13) persons⁽¹²⁾	489,641	76,232	0.22%

Table of Contents

	*	Less than 1%
	⁽¹⁾	Unless otherwise indicated in the footnotes, includes shares of common stock for which the named person has sole or shared voting and investment power. This column excludes shares of common stock that may be acquired through stock option exercises, which are included in the column “Right to Acquire.”
	⁽²⁾	Includes (a) shares of common stock that may be acquired through stock option exercises and releases of RSUs within 60 days of July 21, 2026, (b) in the case of Mr. Simonson, reflects 9,165 RSUs that have vested but have been deferred, (c) in the case of Mr. Ubiñas, reflects 50,534 RSUs that have vested but have been deferred and (d) in the case of Ms. Ueberroth, reflects 6,369 RSUs that have vested but have been deferred.
	⁽³⁾	Calculated based on the total number of shares owned plus the number of shares that may be acquired through stock option exercises and the release of vested RSUs within 60 days of July 21, 2026.
	⁽⁴⁾	As of September 25, 2025, based on information contained in a report on Schedule 13D filed with the SEC on September 29, 2025, by The Public Investment Fund, reporting sole voting and dispositive power over 24,807,932 shares of common stock, and shared voting and dispositive power over no shares. The address for The Public Investment Fund is The Public Investment Fund Tower, King Abdullah Financial District (KAFD), Al Aqiq District, Riyadh, Kingdom of Saudi Arabia.
	⁽⁵⁾	As of March 31, 2025 based on information contained in a report on Schedule 13G/A filed with the SEC on April 17, 2025 by Blackrock, Inc., reporting sole voting power over 20,489,682 shares of common stock, sole dispositive power over 22,383,518 shares of common stock, and shared voting and dispositive power over no shares. The address for BlackRock, Inc. is 50 Hudson Yards, New York, NY 10001.
	⁽⁶⁾	As of March 31, 2026, based on information contained in a report on Schedule 13G/A filed with the SEC on April 29, 2026 by Vanguard Capital Management, reporting sole dispositive power over 17,782,556 shares of common stock, sole voting power over 2,303,752 shares of common stock and shared voting and dispositive power over no shares of common stock. The address for The Vanguard Group is 100 Vanguard Blvd., Malvern, PA 19355.
	⁽⁷⁾	As of March 31, 2026, based on information contained in a report on Schedule 13G/A filed with the SEC on May 12, 2026 by State Street Corporation, reporting shared voting power over 10,147,692 shares of common stock, shared dispositive power over 14,143,686 shares of common stock, and sole voting and dispositive power over no shares of common stock. The address for State Street Corporation is 1 Congress Street, Suite 1, Boston, A 02114-2016.
	⁽⁸⁾	As of March 31, 2026, based on information contained in a report on Schedule 13G/A filed with the SEC on May 15, 2026 by Pentwater Capital Management LP, reporting shared voting power over 12,807,500 shares of common stock, shared dispositive power over 12,807,500 shares of common stock, and sole voting and dispositive power over no shares of common stock. The address for Pentwater Capital Management LP is 1001 10th Avenue South, Suite 216, Naples, FL 34102.
	⁽⁹⁾	Includes 75,974 shares of common stock held by Mr. Wilson’s family trust and 82,090 shares of common stock held in trust for the benefit of Mr. Wilson’s descendants. Mr. Wilson has investment control over, and pecuniary interest in, shares held in his family trust. Mr. Wilson has investment control over shares held in trusts for his descendants.
	⁽¹⁰⁾	Includes 25,160 shares of common stock held by Ms. Singh’s family trust. Ms. Singh has investment control over, and pecuniary interest in, shares held in her family trust.
	⁽¹¹⁾	Includes 2,184 shares of common stock held by a trust over which Mr. Huber maintains investment control and pecuniary interest.
	⁽¹²⁾	Includes all executive officers and directors of EA as of the date of this filing.

ELECTRONIC ARTS INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(1) DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Electronic Arts is a global leader in digital interactive entertainment. We develop, market, publish and deliver games, content and services that can be experienced on game consoles, PCs, and mobile devices. We create innovative games and experiences that deliver high-quality interactive entertainment and drive engagement across our global network of hundreds of millions of players. Through our live services offerings, we offer high-quality experiences designed to provide value to players and extend and enhance gameplay. These live services include extra content, subscription offerings and other revenue generated in addition to the sale of our full games. We are focusing on building games and experiences that grow the global online communities around our key franchises; deepening engagement through connecting interactive storytelling to key intellectual property; and harnessing our communities to grow in, around, and beyond our games.

Consolidation

The accompanying Consolidated Financial Statements include the accounts of Electronic Arts Inc. and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.

Fiscal Year

Our fiscal year is reported on a 52- or 53-week period that ends on the Saturday nearest March 31. Our results of operations for the fiscal year ended March 31, 2026 contained 52 weeks and ended on March 28, 2026. Our results of operations for the fiscal years ended March 31, 2025 and 2024, each contained 52 weeks and ended on March 29, 2025 and March 30, 2024, respectively. For simplicity of disclosure, all fiscal periods are referred to as ending on a calendar month end.

Use of Estimates

The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and the accompanying notes. Such estimates include offering periods for deferred net revenue, sales returns and allowances, provisions for doubtful accounts, accrued liabilities, relative stand-alone selling price for identified performance obligations in our revenue transactions, losses on royalty commitments, estimates regarding the recoverability of prepaid royalties, long-lived assets, discount rates used in the measurement and recognition of lease liabilities, assets acquired and liabilities assumed in business combinations, certain estimates related to the measurement and recognition of costs resulting from our stock-based payment awards, unrecognized tax benefits, deferred income tax assets and associated valuation allowances, as well as estimates used in our goodwill, intangibles and short-term investment impairment tests. These estimates require us to make judgments, involve analysis of historical and future trends, can require extended periods of time to resolve, and are subject to change from period to period. In all cases, actual results could differ materially from our estimates.

Proposed Merger

On September 28, 2025, we entered into a definitive agreement (the “Merger Agreement”) with Oak-Eagle AcquireCo, Inc. (“Parent”) and Oak-Eagle MergerCo, Inc., a wholly owned subsidiary of Parent (“Merger Sub”). Parent and Merger Sub are entities formed by an investor consortium comprised of The Public Investment Fund (“PIF”), private investment funds affiliated with Silver Lake Group, L.L.C. (“Silver Lake”), and private investment funds affiliated with Affinity Partners (“Affinity,” and, together with PIF and Silver Lake, the “Consortium”). Under the terms of the Merger Agreement, each share of our common stock (other than shares held by the Company, Parent or Merger Sub, and shares owned by stockholders who have properly exercised appraisal rights) will convert into the right to receive $210 per share in cash, without interest (the “Merger”).

At a special meeting of stockholders held on December 22, 2025, the Company’s stockholders approved the Merger Agreement and the transactions contemplated thereby. The Merger is still subject to other closing conditions, including the receipt of certain regulatory approvals and the absence of legal restraints in specified jurisdictions prohibiting consummation of the Merger. There are a limited number of regulatory reviews outstanding, and the parties are working diligently to complete these remaining reviews.

Parent has obtained equity and debt financing commitments for the purpose of financing the transactions contemplated by the Merger Agreement. PIF, certain private investment funds affiliated with Silver Lake and certain private investment funds affiliated with Affinity have severally committed to capitalize Parent at the closing of the Merger with equity financing for the

~~Table~~Item of13: ~~Contents~~Certain Relationships and Related Transactions, and Director Independence

~~transaction.~~Director Pursuant to a debt commitment letter, certain financing sources committed to provide Parent with $20 billion of debt financing (the “Debt Commitments”) to fund in part, the transactions contemplated by the Merger Agreement. Since entering into the Merger Agreement and the Debt Commitments, Parent has issued secured and unsecured notes and the debt financing sources under the debt commitment letter have syndicated the credit facilities contemplated thereby. The proceeds of the notes were deposited into escrow accounts and will be released to fund the transactions contemplated by the Merger Agreement, subject to the satisfaction or waiver of certain conditions. The credit facilities will close and be funded substantially concurrently with the closing of the Merger. The Merger is not subject to a financing condition.Independence

~~The~~Our ~~Company~~Board of Directors has ~~made~~determined ~~customary~~that ~~representations,~~each ~~warranties~~of ~~and~~our ~~covenants~~non-employee directors qualifies as an “independent director” as that term is used in the ~~Merger~~Nasdaq ~~Agreement,~~Stock ~~including~~Market ~~covenants~~Rules toand ~~use~~that ~~commercially~~each member ~~reasonable~~of ~~efforts~~our tostanding ~~conduct~~committees ~~its~~is ~~business~~independent in ~~the~~accordance ~~ordinary~~with ~~course~~those ~~during~~standards. ~~the~~Mr. ~~period~~Wilson, ~~between~~our ~~the~~CEO, ~~date~~does ofnot ~~the~~qualify ~~Merger~~as ~~Agreement~~independent. The Nasdaq Stock Market Rules have both objective tests and ~~the~~a ~~closing~~subjective test for determining independence. The Board of ~~the~~Directors has ~~Merger~~not established categorical standards or guidelines to make these subjective determinations but considers all relevant facts and circumstances.

~~The~~In ~~Company~~addition isto ~~subject~~the toBoard-level ~~certain~~standards ~~restrictions~~for director independence, the directors who serve on ~~its~~the ~~ability~~Nominating toand ~~solicit~~Governance, ~~alternative~~Audit ~~acquisition~~and ~~proposals~~Compensation ~~from~~Committees ~~third~~each ~~parties~~satisfy requirements established by the Securities and ~~engage~~Exchange inCommission ~~discussions~~and ~~with~~the ~~third~~Nasdaq ~~parties~~Stock ~~regarding~~Market ~~alternative~~to ~~acquisition~~qualify ~~proposals~~as “independent” for the purposes of membership on those committees.

~~The~~Related ~~Merger~~Persons ~~Agreement~~Transactions contains certain termination provisions, including a termination fee of up to $1 billion payable by the Company under specified circumstances. We also expect to incur significant costs, expenses, and fees for professional services and other transaction costs in connection with the Merger.Policy

IfOur Board of Directors has adopted a written Related Person Transactions Policy that describes the ~~Merger~~procedures isused ~~completed~~to process, evaluate, and, if necessary, disclose transactions between the Company’s ~~common~~and its ~~stock~~directors, ~~will~~officers, bedirector ~~delisted~~nominees, ~~from~~greater than 5% beneficial owners, or an immediate family member of any of the ~~NASDAQ~~foregoing. We ~~Stock~~review ~~Market~~any transaction or series of transactions which exceeds $120,000 in a single fiscal year and ~~deregistered~~in ~~under~~which ~~the~~any ~~Securities~~related ~~Exchange~~person has ~~Act~~a direct or indirect interest, as well as any transaction for which EA’s Global Code of ~~1934~~Conduct or Conflict of Interest Policy would require approval of the Board of Directors.

~~The~~Once ~~foregoing~~a ~~description~~transaction has been identified, the Audit Committee (if the transaction involves an executive officer) or the Nominating and Governance Committee (if the transaction involves a director) will review the transaction at the next scheduled meeting of such committee. Transactions involving our CEO will also be reviewed by our Lead Independent Director. Transactions involving employee compensation will also be submitted to the ~~Merger~~Compensation ~~Agreement~~Committee for ~~does~~approval. If it is not ~~purport~~practicable or desirable to bewait ~~complete~~until the next scheduled meeting, the chair of the applicable committee considers the matter and isreports ~~subject~~back to the relevant committee at the next scheduled meeting. In determining whether to approve or ratify a transaction, our committees (or the relevant chair of such committee) consider all of the relevant facts and ~~qualified~~circumstances available and transactions are approved only if they are in, ~~its~~or ~~entirety~~not byinconsistent with, the ~~full~~best ~~text~~interests of ~~the~~EA ~~Merger~~and ~~Agreement~~its ~~attached~~stockholders. No asmember ~~Exhibit~~of ~~2.1~~a tocommittee ~~our~~reviewing ~~Current~~a ~~Report~~potential onrelated ~~Form~~person ~~8-K~~transaction ~~filed~~may onparticipate ~~September~~in 29any review, ~~2025~~consideration or approval of any transaction if the member or their immediate family member is the related person.

~~Recently~~Related ~~Adopted~~Persons ~~Accounting Standards~~Transactions

InSince ~~December~~March ~~2023~~31, ~~the~~2025, ~~Financial~~we ~~Accounting~~have ~~Standards~~not ~~Board~~entered ~~(“FASB”)~~into ~~issued~~any ~~Accounting Standards Update (“ASU”) 2023-09~~transactions, nor ~~Income~~are ~~Taxes~~there ~~(Topic~~any ~~740):~~currently ~~Improvement~~proposed ~~to Income Tax Disclosures. The amendments further enhance income tax disclosures~~transactions, ~~primarily~~between ~~through~~us ~~standardization~~ and ~~disaggregation~~a ofrelated ~~rate~~party ~~reconciliation~~where ~~categories~~the ~~and~~amount ~~income~~involved ~~taxes~~exceeds, ~~paid~~or bywould ~~jurisdiction.~~exceed, $120,000, Weand ~~adopted ASU 2023-09 prospectively~~ in ~~the~~which ~~fourth~~any ~~quarter~~related ofperson ~~fiscal~~had ~~year~~or ~~2026~~will ~~and~~ have ~~provided~~a ~~the~~direct ~~required~~or ~~disclosures~~indirect inmaterial ~~Note 10 - Income Taxes~~interest.

~~Recently~~Item ~~Issued~~14: ~~Accounting~~Principal ~~Standards~~Accountant Fees and Services

InServices ~~November~~Provided ~~2024,~~by the ~~FASB~~Independent issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires additional, disaggregated disclosure about certain income statement line items. This ASU is effective for our annual report for fiscal year 2028 and interim periods thereafter on a retrospective or prospective basis, with early adoption permitted. We are currently evaluating the timing of adoption and impact of this ASU on our disclosures within the Consolidated Financial Statements. Auditor

InKPMG ~~July~~LLP ~~2025,~~audits ~~the~~our ~~FASB~~consolidated ~~issued~~operations ~~ASU~~and ~~2025-05,~~provides ~~Financial~~statutory audits ~~Instruments~~for -legal ~~Credit~~entities ~~Losses~~within ~~(Topic~~our ~~326):~~international ~~Measurement~~corporate ofstructure. ~~Credit~~Having ~~Losses~~one ~~for~~audit ~~Accounts~~firm ~~Receivable~~with ~~and~~a ~~Contract~~strong ~~Assets.~~global ~~This~~presence ~~amendment~~responsible for ~~introduces~~these audits supports a ~~practical~~coordinated ~~expedient~~approach ~~for~~to ~~the~~address ~~application~~issues ofthat ~~the~~may ~~current~~impact ~~expected~~our ~~credit~~businesses ~~loss~~across ~~(“CECL”)~~multiple ~~model~~geographies toand legal ~~current~~entities. ~~accounts~~Few ~~receivable~~audit firms have the knowledge of our sector and ~~contract~~the ~~assets.~~capability ~~The~~of ~~amendment~~servicing isour ~~effective~~global ~~beginning~~audit inrequirements. KPMG LLP has the ~~first~~geographical ~~quarter~~scope ofthat ~~fiscal~~our ~~year~~operations ~~2027~~require onand athe ~~prospective~~accounting ~~basis,~~expertise ~~with~~in ~~early~~the ~~adoption~~matters ~~permitted~~relevant to our sector. In Weaddition, doKPMG ~~not~~LLP’s ~~expect~~experience working with the ~~adoption~~Company ofgives ~~this~~them ~~amendment~~the institutional knowledge to ~~have~~understand aour ~~material~~operations and ~~impact~~processes, onwhich ~~our~~we ~~Consolidated~~believe ~~Financial~~helps ~~Statements~~them address the relevant issues and ~~related~~improves ~~disclosures~~the quality of the audit.

InWe ~~September~~believe ~~2025,~~ the ~~FASB~~experience ~~issued ASU 2025-06, Intangibles - Goodwill~~ and ~~Other~~expertise -held ~~Internal-Use~~by ~~Software~~the ~~(Subtopic~~members ~~350-40):~~of ~~Improvements~~the Audit toCommittee ~~Accounting~~give ~~for~~them ~~Internal-Use~~the ~~Software,~~necessary ~~which~~skills ~~eliminates references~~ to ~~“project~~evaluate ~~stages”~~the ~~and~~relationship ~~clarifies~~between the ~~criteria~~Company ~~for~~and ~~when~~its ~~internal-use~~independent ~~software~~auditors ~~costs~~and to ~~should~~oversee beauditor ~~capitalized~~independence. ~~This~~The ~~ASU~~Audit isCommittee ~~effective~~periodically ~~beginning~~considers inwhether ~~the~~there ~~first~~should ~~quarter~~be rotation of ~~fiscal~~our ~~year~~independent external ~~2029~~audit onfirm. aThe ~~prospective,~~Audit ~~modified-prospective,~~Committee oris ~~retrospective~~empowered ~~basis,~~under ~~with~~its ~~early~~charter ~~adoption~~to ~~permitted.~~obtain Weadvice ~~are~~and ~~currently~~assistance ~~evaluating~~from ~~the~~outside ~~timing~~legal, ~~of adoption~~ accounting and ~~the~~other ~~impact~~advisors ofas ~~this~~it ~~ASU~~deems ~~on our Consolidated Financial Statements and related disclosures~~appropriate.

InAt ~~November~~each ~~2025,~~meeting of the ~~FASB~~Audit ~~issued ASU 2025-09~~Committee, ~~Derivatives~~Company ~~and~~management ~~Hedging~~is ~~(Topic~~provided the ~~815)~~opportunity -to ~~Hedge~~meet ~~Accounting~~in ~~Improvements,~~private ~~which~~session ~~more~~with ~~closely~~the ~~aligns~~Audit ~~hedge~~Committee ~~accounting~~to ~~with~~discuss ~~the~~any ~~economics~~issues ofrelating anto ~~entity~~KPMG LLP’s ~~risk management activities~~engagement. Similarly, ~~The~~KPMG ~~ASU~~LLP isregularly ~~effective~~meets ~~beginning~~ in ~~the~~private ~~first~~session ~~quarter~~with ofthe ~~fiscal~~Audit ~~year~~Committee ~~2028, on a prospective basis,~~ with ~~early~~no ~~adoption~~members ~~permitted. We do not expect the adoption~~ of ~~this~~Company ~~ASU~~management ~~to have a material impact on our Consolidated Financial Statements and related disclosures~~present.

~~Table~~Fees of ~~Contents~~Independent Auditors

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270) - Narrow-Scope Improvements, which clarifies current interim disclosure requirements and provides additional required interim disclosure guidance. The ~~ASU~~aggregate isfees ~~effective~~billed ~~beginning~~for in the ~~first~~last ~~quarter~~two of fiscal ~~year~~years ~~2029,~~for oneach of ~~a retrospective or prospective basis, with early adoption permitted. We are currently evaluating~~ the ~~timing~~following ofcategories ~~adoption and impact~~ of ~~this~~services ~~amendment~~are onset ~~our~~forth ~~disclosures within the Consolidated Financial Statements.~~below:

Description of Fees	Year Ended March 31, 2026	Year Ended March 31, 2025
Audit Fees⁽¹⁾	$5,418,000	$5,280,000
Audit-related Fees⁽²⁾	46,000	114,000
Tax Fees⁽³⁾	148,000	121,000
Total	$5,612,000	$5,515,000

	⁽¹⁾	Audit Fees: This category includes the annual audit of the Company’s financial statements and internal controls over financial reporting (including quarterly reviews of financial statements included in the Company’s quarterly reports on Form 10-Q), and services normally provided by the independent auditors in connection with regulatory filings. This category also includes consultation on matters that arose during, or as a result of the audit or review of financial statements, statutory audits required for our non-US subsidiaries, and other documents filed with the SEC, as well as Sarbanes-Oxley Section 404 compliance consultation.
	⁽²⁾	Audit-Related Fees: This category consists of fees for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s financial statements and are not reported under “Audit Fees.” In fiscal 2026, these fees were for accounting consultations and services in connection with regulatory filings in our international jurisdictions.
	⁽³⁾	Tax Fees: This category includes compliance services rendered for U.S. and foreign tax compliance and returns and advisory services related to emerging worldwide tax laws and regulations.

Pre-approval Procedures

The Audit Committee is required to pre-approve the engagement of, and fees incurred by, KPMG LLP to perform audit and other services for the Company and its subsidiaries. The Company’s procedures for the pre-approval by the Audit Committee of all services provided by KPMG LLP and the related fees comply with SEC regulations regarding pre-approval of services. Services subject to these SEC requirements include audit services, audit-related services, tax services and other services. In some cases, pre-approval for a particular category or group of services and the related fees are provided by the Audit Committee for up to a year, subject to a specific budget and to regular management reporting. In other cases, the Chair of the Audit Committee has the delegated authority from the Audit Committee to pre-approve additional services and the related fees up to a specified dollar limit, and such pre-approvals are then communicated to the full Audit Committee. The Audit Committee reviews quarterly the status of all pre-approved services and the related fees to date and approves any new services and the related fees to be provided.

In determining whether to grant a pre-approval, the Audit Committee considers the level of non-audit fees incurred to date as a percentage of the total annual fees paid to KPMG LLP. In addition, the Audit Committee considers additional factors to assess the potential impact on auditor independence of KPMG LLP performing such services, including whether the services are permitted under the rules and recommendations of the Public Company Accounting Oversight Board, the American Institute of Certified Public Accountants, the Nasdaq Stock Market, whether the proposed services are permitted under EA’s policies, and whether the proposed services are consistent with the principles of the SEC’s auditor independence rules. The Company also annually confirms with each of its directors and executive officers whether there are any relationships that they are aware of with KPMG LLP that may impact the auditor independence evaluation. The Audit Committee considered and determined that fees for services other than audit and audit-related services paid to KPMG LLP during fiscal year 2026 are compatible with maintaining KPMG LLP’s independence.

~~Table~~Report of ~~Contents~~the Audit Committee of the Board of Directors

~~(2) SUMMARY~~The OFfollowing ~~SIGNIFICANT~~Report ~~ACCOUNTING~~of ~~POLICIES~~the Audit Committee shall not be deemed to be “soliciting material” or to be “filed” with the SEC nor shall this information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that EA specifically incorporates it by reference into a filing.

~~Cash~~The Audit Committee of the Board of Directors operates under a written charter, ~~Cash~~which ~~Equivalents~~was most recently amended in May 2025. The Audit Committee is currently comprised of three non-employee directors, each of whom in the opinion of the Board of Directors meets the current independence requirements and ~~Short-Term~~financial ~~Investments~~literacy standards of the Nasdaq Stock Market Rules, as well as the independence requirements of the SEC. During fiscal year 2026, the Audit Committee consisted of Kofi A. Bruce, Jeffrey T. Huber, and Richard A. Simonson. The Board of Directors has determined that each of Mr. Bruce and Mr. Simonson meets the criteria for an “audit committee financial expert” as set forth in applicable SEC rules.

~~Cash~~The ~~equivalents~~Company’s ~~consist~~management is primarily responsible for the preparation, presentation and integrity of ~~highly~~the ~~liquid~~Company’s ~~investments~~financial ~~with~~statements. ~~insignificant~~EA’s ~~interest~~independent ~~rate~~registered ~~risk~~public accounting firm, KPMG LLP (the “independent auditors”), is responsible for performing an independent audit of the Company’s (1) financial statements and ~~original~~expressing oran ~~remaining~~opinion ~~maturities~~as to the conformity of ~~three~~the ~~months~~financial orstatements ~~less~~with atU.S. generally accepted accounting principles, and (2) internal control over financial reporting in accordance with the ~~time~~auditing standards of ~~purchase~~the Public Company Accounting Oversight Board (the “PCAOB”) and issuing an opinion thereon.

~~Short-term~~The ~~investments~~Audit ~~consist~~Committee assists the Board of ~~debt~~Directors ~~securities~~in its oversight responsibility with ~~original~~respect orto ~~remaining~~the ~~maturities~~integrity of ~~greater~~EA’s ~~than~~accounting ~~three~~policies, ~~months~~internal atcontrol function and financial reporting processes. The Audit Committee reviews EA’s quarterly and annual financial statements prior to public earnings releases and submission to the ~~time~~SEC; oversees EA’s internal audit function; consults with the independent auditors and EA’s internal audit function regarding internal controls and the integrity of ~~purchase~~the Company’s financial statements; oversees tax and ~~less~~treasury matters; ~~than~~oversees aEA’s ~~year,~~enterprise risk management program; assesses the independence of the independent auditors; and ~~are~~is directly ~~accounted~~responsible for asthe ~~available-for-sale~~appointment, ~~securities~~retention, compensation and ~~are~~oversight ~~recorded~~of atthe ~~fair~~independent ~~value~~auditors. ~~Cash~~In this context, ~~cash~~the Audit ~~equivalents~~Committee has met and ~~short-term~~held ~~investments~~discussions ~~are~~with ~~available~~members of management, EA’s internal audit function and the independent auditors. Company management has represented to the Audit Committee that the Company’s consolidated financial statements for ~~use~~the most recently completed fiscal year were prepared in ~~current~~accordance ~~operations~~with oraccounting ~~other~~principles ~~activities~~generally ~~such~~accepted in the United States, and the Audit Committee has reviewed and discussed the consolidated financial statements with Company management and the independent auditors. Company management has represented to the Audit Committee that the Company’s internal control over financial reporting was effective as ~~capital~~of ~~expenditures~~the end of the Company’s most recently completed fiscal year, ~~business~~and ~~combinations~~the Audit Committee has reviewed and ~~stock~~discussed ~~repurchases~~the Company’s internal control over financial reporting with management and the independent auditors. The Audit Committee discussed with the independent auditors matters required to be discussed by the applicable requirements of the PCAOB and SEC, including the quality and acceptability of the Company’s financial reporting and internal control processes. The Audit Committee also has discussed with the Company’s independent auditors the scope and plans for their annual audit and reviewed the results of that audit with management and the independent auditors.

~~Unrealized~~In ~~gains and losses on our short-term investments are recorded as a component of accumulated other comprehensive income (loss) in stockholders’ equity~~addition, ~~net~~the ofAudit ~~tax,~~Committee ~~until~~received ~~either~~and ~~(1)~~reviewed the ~~security~~written disclosures isand ~~sold, (2)~~ the ~~security~~letter ~~has~~from ~~matured,~~the ~~(3)~~independent weauditors ~~determine~~required ~~that~~by the ~~fair~~applicable ~~value~~requirements of the ~~security~~PCAOB ~~has~~regarding ~~declined~~their ~~below~~communications with ~~its adjusted cost basis and~~ the ~~decline~~Audit isCommittee ~~due~~concerning toindependence anand ~~expected~~has ~~credit~~discussed ~~loss,~~with orthe ~~(4)~~independent weauditors ~~intend~~the ~~to,~~auditors’ orindependence from ~~more~~the ~~likely~~Company ~~than~~and ~~not~~its ~~would~~management. beThe ~~required~~Audit ~~to,~~Committee ~~sell~~also ahas ~~security~~considered inwhether ~~an unrealized loss position before~~ the ~~recovery~~provision of ~~its~~any ~~amortized cost basis. Realized gains and losses on our short~~non-~~term~~audit ~~investments~~services ~~are~~(as described ~~calculated~~above ~~based~~under on the ~~specific~~heading ~~identification~~“Fees ~~method~~of ~~and~~Independent ~~are reclassified from accumulated other comprehensive income (loss~~Auditors”) ~~to interest~~ and ~~other~~the ~~income~~employment ~~(expense),~~of ~~net.~~former ~~Determining~~KPMG ~~whether~~LLP aemployees by ~~decline~~the inCompany ~~fair~~are ~~value~~compatible iswith ~~due~~maintaining ~~to an expected credit loss requires management judgment based on~~ the ~~specific~~independence ~~facts and circumstances~~ of ~~each~~KPMG ~~security~~LLP. ~~The ultimate value realized on these securities is subject to market price volatility until they are sold.~~

~~Our~~The ~~short-term~~members investments are evaluated for allowances and impairment quarterly. For investments in an unrealized loss position, we consider various factors in determining whether we should recognize an allowance for expected credit losses or an impairment charge, including the credit quality of the ~~issuer,~~Audit ~~changes~~Committee toare ~~the~~not ~~rating~~engaged ~~of the security by rating agencies, the extent to which fair value is less than amortized cost, reason for the decline~~ in ~~value and potential recovery period,~~ the ~~financial condition and near-term prospects~~ practice of ~~the~~auditing investees, our intent to sell and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value, and any contractual terms impacting the prepayment or ~~settlement process, among other factors~~accounting. WeIn ~~recognize~~performing anits ~~allowance for credit losses~~functions, ~~up to~~ the ~~amount~~Audit ofCommittee ~~unrealized~~necessarily ~~loss~~relies ~~when~~on ~~appropriate, and write down~~ the ~~amortized~~work ~~cost~~and ~~basis~~assurances of the Company’s ~~investment~~management ifand ~~we intend to, or it is more likely than not we will be required to, sell~~ the ~~investment~~independent ~~before the recovery of its amortized cost basis~~auditors. Allowances for credit losses and write-downs are recognized in our Consolidated Statements of Operations, and unrealized losses not related to credit losses are recognized in other comprehensive income (loss). Based on our evaluation, we did not recognize an allowance for credit losses, nor did we recognize any impairments, as of March 31, 2026 and 2025.

~~Property~~In reliance on the reviews and ~~Equipment~~discussions referred to in this report, and ~~Net~~in light of its role and responsibilities, the Audit Committee recommended to the Board of Directors that the Company’s audited financial statements for fiscal year 2026 be included for filing with the SEC in the Company’s Annual Report on Form 10-K.

~~Property~~AUDIT ~~and equipment, net, are stated at cost. Depreciation is calculated using the straight-line method over the following useful lives:~~COMMITTEE

Buildings						20 to 25 years
Computer equipment and software						2 to 6 years
Equipment, furniture and fixtures, and other						3 to 5 years
Leasehold improvements						Lesser of the lease term or the estimated useful lives of the improvements, ranging from 1 to 14 years

Kofi A. Bruce (Chair)
Richard A. Simonson
Jeffrey T. Huber

We capitalize costs associated with internal-use software development once a project has reached the application development stage. Such capitalized costs include external direct costs utilized in developing or obtaining the software, and payroll and payroll-related expenses for personnel who are directly associated with the development of the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose. Once internal-use software is ready for its intended use, the assets are depreciated on a straight-line basis over each asset’s estimated useful life, which is generally three years. We also capitalize costs associated with the purchase of possessable internal-use software licenses in the period we obtain control of the licenses. The net book value of capitalized costs associated with internal-use software was $135 million and $105 million as of March 31, 2026 and 2025, respectively.

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Acquisition-Related Intangibles and Other Long-Lived Assets

We recognize acquisition-related intangible assets, such as acquired developed and core technology, in connection with business combinations. We amortize the cost of acquisition-related intangible assets that have finite useful lives generally on a straight-line basis over the lesser of their estimated useful lives or the agreement terms, currently from two to seven years. We evaluate acquisition-related intangibles and other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset group. This includes assumptions about future prospects for the business that the asset relates to and typically involves computations of the estimated future cash flows to be generated by these businesses. Based on these judgments and assumptions, we determine whether we need to take an impairment charge to reduce the value of the asset stated on our Consolidated Balance Sheets to reflect its estimated fair value. When we consider such assets to be impaired, the amount of impairment we recognize is measured by the amount by which the carrying amount of the asset exceeds its fair value.

Goodwill Impairment

In assessing impairment on our goodwill, we first analyze qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a goodwill impairment test. The qualitative factors we assess include long-term prospects of our performance, share price trends and market capitalization, and Company specific events. If we conclude it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, we do not need to perform an impairment test. If based on that assessment, we believe it is more likely than not that the fair value of the reporting unit is less than its carrying value we will measure goodwill for impairment by applying fair value-based tests at the reporting unit level. Reporting units are determined by the components of operating segments that constitute a business for which (1) discrete financial information is available, (2) segment management regularly reviews the operating results of that component, and (3) whether the component has dissimilar economic characteristics to other components. As of March 31, 2026, we have only one reportable segment, which represents our only operating segment.

Revenue Recognition

•full games with online-only functionality which require an Internet connection to access all gameplay and functionality (“Online-Hosted Service Games”);

•extra content related to Games with Services and Online-Hosted Service Games which provides access to additional in-game content;

•licensing to third parties to distribute and host our games and content.

We evaluate and recognize revenue by:

•identifying the contract(s) with the customer;

•identifying the performance obligations in the contract;

•determining the transaction price;

•allocating the transaction price to performance obligations in the contract; and

•recognizing revenue as each performance obligation is satisfied through the transfer of a promised good or service to a customer (i.e., “transfer of control”).

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Online-Enabled Games

Extra Content. Revenue received from sales of downloadable content are derived primarily from the sale of virtual currencies and digital in-game content that are designed to extend and enhance players’ game experience. Sales of extra content are accounted for in a manner consistent with the treatment for our Games with Services and Online-Hosted Service Games as discussed above, depending upon whether or not the extra content has offline functionality. That is, if the extra content has offline functionality, then the extra content is accounted for similarly to Games with Services (generally determined to have three distinct performance obligations: software license, future update rights, and the online hosting). If the extra content does not have offline functionality, then the extra content is determined to have one distinct performance obligation: the online-hosted service.

Subscriptions

Sales of our subscriptions are determined to have one performance obligation: the online hosting. We recognize revenue from these arrangements ratably over the subscription term as the performance obligation is satisfied.

Licensing Revenue

We utilize third-party licensees to distribute and host our games and content in accordance with license agreements, for which the licensees typically pay us a fixed minimum guarantee and/or sales-based royalties. These arrangements typically include multiple performance obligations, such as a time-based license of software and future update rights. We recognize as revenue a portion of the minimum guarantee when we transfer control of the license of software (generally upon commercial launch) and the remaining portion ratably over the contractual term in which we provide the licensee with future update rights. Any sales-based royalties are generally recognized as the related sales occur by the licensee.

Significant Judgments around Revenue Arrangements

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Additionally, we consider results from prior analyses, known and expected online gameplay trends, as well as disclosed service periods for competitors’ games in determining the Estimated Offering Period for future sales. We believe this provides a reasonable depiction of the transfer of future update rights and online hosting to our customers, as it is the best representation of the time period during which our games and extra content are experienced. We recognize revenue for future update rights and online hosting performance obligations ratably on a straight-line basis over this period as there is a consistent pattern of delivery for these performance obligations. Revenue for service-related performance obligations for digitally-distributed games and extra content is recognized over an estimated eight-month period beginning in the month of sale, and revenue for service-related performance obligations for games and extra content sold through retail is recognized over an estimated ten-month period beginning in the month of sale. Prior to July 1, 2025, revenue for service-related performance obligations for our mobile free-to-play games was recognized generally over an eight-month period, and for our PC and console free-to-play games was recognized generally over a twelve-month period, in each case beginning in the month of sale.

Principal Agent Considerations

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•the underlying contract terms and conditions between the various parties to the transaction;

•which party is primarily responsible for fulfilling the promise to provide the specified good or service to the end customer;

•which party has discretion in establishing the price for the specified good or service; and

•which party has title risk before the specified good or service has been transferred to the end customer.

Payment Terms

Substantially all of our transactions have payment terms, whether customary or on an extended basis, of less than one year; therefore, we generally do not adjust the transaction price for the effects of any potential financing components that may exist.

Sales and Value-Added Taxes

Revenue is recorded net of taxes assessed by governmental authorities that are imposed at the time of the specific revenue-producing transaction between us and our customer, such as sales and value-added taxes.

Sales Returns and Price Protection Reserves

Sales returns and price protection are considered variable consideration. We reduce revenue for estimated future returns and price protection which may occur with our distributors and retailers (“channel partners”). Price protection represents our practice to provide our channel partners with a credit allowance to lower their wholesale price on a particular game unit that they have not resold to customers. The amount of the price protection for permanent markdowns is the difference between the old wholesale price and the new reduced wholesale price. Credits are also given for short-term promotions that temporarily reduce the wholesale price. In certain countries we also have a practice for allowing channel partners to return older products in the channel in exchange for a credit allowance.

When evaluating the adequacy of sales returns and price protection reserves, we analyze the following: historical credit allowances, current sell-through of our channel partners’ inventory of our products, current trends in retail and the video game industry, changes in customer demand, acceptance of our products, and other related factors. In addition, we monitor the volume of sales to our channel partners and their inventories, as substantial overstocking in the distribution channel could result in high returns or higher price protection in subsequent periods.

Taxes Collected from Customers and Remitted to Governmental Authorities

Taxes assessed by a government authority that are both imposed on and concurrent with specific revenue transactions between us and our customers are presented on a net basis in our Consolidated Statements of Operations.

Concentration of Credit Risk and Significant Customers

We extend credit to various customers. Collection of trade receivables may be affected by changes in economic or other industry conditions and may, accordingly, impact our overall credit risk. Although we generally do not require collateral, we perform ongoing credit evaluations of our customers and maintain reserves for potential credit losses. Invoices are aged based on contractual terms with our customers. The provision for doubtful accounts is recorded as a charge to general and administrative expense when a potential loss is identified. Losses are written off against the allowance when the receivable is determined to be uncollectible. At March 31, 2026, we had two customers who accounted for approximately 30 percent and 28 percent of our consolidated gross receivables, respectively. At March 31, 2025, we had two customers who accounted for approximately 35 percent and 28 percent of our consolidated gross receivables, respectively.

A majority of our sales are made via digital resellers, channel and platform partners. During the fiscal years 2026, 2025, and 2024, approximately 86 percent, 88 percent, and 80 percent, respectively, of our net revenue was derived from our top ten customers and/or platform partners.

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Currently, a majority of our revenue is derived through sales of products and services playable on hardware consoles from Sony and Microsoft. For the fiscal years ended March 31, 2026, 2025, and 2024, our net revenue for products and services on Sony’s PlayStation 4 and 5, and Microsoft’s Xbox One and Series X consoles (combined across all four platforms) was approximately 60 percent, 62 percent, and 59 percent, respectively. These platform partners have significant influence over the products and services that we offer on their platforms.

Short-term investments are placed with high quality financial institutions or in short-duration, investment-grade securities. We limit the amount of credit exposure in any one financial institution or type of investment instrument.

Royalties and Licenses

Royalty-based obligations with content licensors and distribution affiliates are either paid in advance and capitalized as prepaid royalties or are accrued as incurred and subsequently paid. For contracts with guaranteed minimums, these royalty-based obligations are generally expensed to cost of revenue at the greater of the contractual rate or an effective royalty rate based on the total projected net revenue. Prepayments made to thinly capitalized independent software developers and co-publishing affiliates are generally made in connection with the development of a particular product, and therefore, we are subject to development risk prior to the release of the product. Accordingly, payments that are due prior to completion of a product are generally expensed to research and development over the development period as the services are incurred. Payments due after completion of the product (primarily royalty-based in nature) are generally expensed as cost of revenue.

Our contracts with some licensors include minimum guaranteed royalty payments, which are initially recorded as an asset and as a liability at the contractual amount when no performance remains with the licensor. When performance remains with the licensor, we record guarantee payments as an asset when actually paid and as a liability when incurred, rather than recording the asset and liability upon execution of the contract.

Each quarter, we also evaluate the expected future realization of our royalty-based assets, as well as any unrecognized minimum commitments not yet paid to determine amounts we deem unlikely to be realized through future revenue. Any impairments or losses determined before the launch of a product are generally charged to research and development expense. Impairments or losses determined post-launch are charged to cost of revenue. We evaluate long-lived royalty-based assets for impairment using undiscounted cash flows when impairment indicators exist. If an impairment exists, then the related assets are written down to fair value. Unrecognized minimum royalty-based commitments are recognized when the underlying intellectual property is abandoned (i.e., the date EA commits to cease use of the IP) or the contractual rights to use the intellectual property are terminated.

Advertising Costs

We generally expense advertising costs as incurred, except for production costs associated with media campaigns, which are recognized as prepaid assets (to the extent paid in advance) and expensed at the first run of the advertisement. We are reimbursed by our vendors for certain advertising costs incurred by us that benefit our vendors. Such amounts are recognized as a reduction of marketing and sales expense if the advertising (1) is specific to the vendor, (2) represents an identifiable benefit to us, and (3) represents an incremental cost to us. For the fiscal years ended March 31, 2026, 2025, and 2024, advertising expense, net of vendor reimbursements, totaled approximately $354 million, $289 million, and $375 million, respectively.

Software Development Costs

Research and development costs, which consist primarily of software development costs, are expensed as incurred. We are required to capitalize software development costs incurred for computer software to be sold, leased or otherwise marketed after technological feasibility of the software is established or for development costs that have alternative future uses. Under our current practice of developing games, the technological feasibility of the underlying software is not established until substantially all product development and testing is complete, which generally includes the development of a working model. Software development costs that have been capitalized to date have been insignificant.

Foreign Currency Translation

Generally, the functional currency for our foreign operating subsidiaries is its local currency. Assets and liabilities of foreign operations are translated into U.S. dollars using month-end exchange rates, and revenue and expenses are translated into U.S. dollars using average exchange rates. The effects of foreign currency translation adjustments are included as a component of accumulated other comprehensive income (loss) in stockholders’ equity.

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Foreign currency transaction gains and losses are a result of the effect of exchange rate changes on transactions denominated in currencies other than the functional currency. Net gains (losses) on foreign currency transactions of $13 million, $(29) million, and $(10) million for the fiscal years ended March 31, 2026, 2025, and 2024, respectively, are included in interest and other income (expense), net, in our Consolidated Statements of Operations. These net gains (losses) on foreign currency transactions are partially or fully offset by net gains (losses) on our foreign currency forward contracts of $(10) million, $45 million, and $12 million for the fiscal years ended March 31, 2026, 2025, and 2024, respectively. See Note 5 for additional information on our foreign currency forward contracts.

Income Taxes

We recognize deferred tax assets and liabilities for both the expected impact of differences between the financial statement amount and the tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards. We do not recognize any deferred taxes related to the U.S. taxes on foreign earnings as we recognize these taxes as a period cost.

Every quarter, we perform a realizability analysis to evaluate whether it is more likely than not that all or a portion of our deferred tax assets will not be realized. Our Swiss deferred tax asset realizability analysis relies upon future Swiss taxable income, and considers all available sources of Swiss income based on positive and negative evidence. We give more weight to evidence that can be objectively verified. However, estimating future Swiss taxable income requires judgment, specifically related to assumptions about expected growth rates of future Swiss taxable income, which are based primarily on third party market and industry growth data. Actual results that differ materially from those estimates could have a material impact on our valuation allowance assessment. Swiss interest rates have an impact on the valuation allowance and are based on published Swiss guidance. Switzerland has a seven-year carryforward period and does not permit the carry back of losses. Any significant changes to the Swiss interest rates or tax laws on loss carryforward periods could result in a material impact to the valuation allowance. Actions we take in connection with acquisitions could also impact the utilization of our Swiss deferred tax asset.

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(3) FAIR VALUE MEASUREMENTS

There are various valuation techniques used to estimate fair value, the primary one being the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the asset or liability. We measure certain financial and nonfinancial assets and liabilities at fair value on a recurring and nonrecurring basis.

Fair Value Hierarchy

The three levels of inputs that may be used to measure fair value are as follows:

•Level 1. Quoted prices in active markets for identical assets or liabilities.

•Level 2. Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities, quoted prices in markets with insufficient volume or infrequent transactions (less active markets), or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities.

•Level 3. Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

			Fair Value Measurements at Reporting Date Using
	As of March 31, 2026		Quoted Prices inActive Markets for IdenticalFinancial Instruments		SignificantOtherObservableInputs		SignificantUnobservableInputs
			(Level 1)		(Level 2)		(Level 3)		Balance Sheet Classification
Assets
Bank and time deposits	$	33	$	33	$	—	$	—	Cash equivalents
Money market funds	502		502		—		—		Cash equivalents
Available-for-sale securities:
Corporate bonds	52		—		52		—		Short-term investments
U.S. Treasury securities	33		33		—		—		Short-term investments
U.S. agency securities	2		—		2		—		Short-term investments
Foreign government securities	5		—		5		—		Short-term investments
Asset-backed securities	24		—		24		—		Short-term investments
Foreign currency derivatives	35		—		35		—		Other current assets and other assets
Deferred compensation plan assets (a)	46		46		—		—		Other assets
Total assets at fair value	$	732	$	614	$	118	$	—
Liabilities
Foreign currency derivatives	$	25	$	—	$	25	$	—	Accounts payable, accrued, and other current liabilities and other liabilities
Deferred compensation plan liabilities (a)	46		46		—		—		Other liabilities
Total liabilities at fair value	$	71	$	46	$	25	$	—

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			Fair Value Measurements at Reporting Date Using
	As ofMarch 31,2025		Quoted Prices inActive Markets for IdenticalFinancial Instruments		SignificantOtherObservableInputs		SignificantUnobservableInputs
			(Level 1)		(Level 2)		(Level 3)		Balance Sheet Classification
Assets
Bank and time deposits	$	58	$	58	$	—	$	—	Cash equivalents
Money market funds	904		904		—		—		Cash equivalents
Available-for-sale securities:
Corporate bonds	46		—		46		—		Short-term investments
U.S. Treasury securities	12		12		—		—		Short-term investments
Foreign government securities	4		—		4		—		Short-term investments
Asset-backed securities	50		—		50		—		Short-term investments
Foreign currency derivatives	28		—		28		—		Other current assets and other assets
Deferred compensation plan assets (a)	36		36		—		—		Other assets
Total assets at fair value	$	1,138	$	1,010	$	128	$	—
Liabilities
Foreign currency derivatives	$	26	$	—	$	26	$	—	Accounts payable, accrued, and other current liabilities and other liabilities
Deferred compensation plan liabilities (a)	36		36		—		—		Other liabilities
Total liabilities at fair value	$	62	$	36	$	26	$	—

(a)The Deferred Compensation Plan consists of various mutual funds. See Note 14 for additional information regarding our Deferred Compensation Plan.

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(4) FINANCIAL INSTRUMENTS

Cash and Cash Equivalents

As of March 31, 2026 and 2025, our cash and cash equivalents were $2,864 million and $2,136 million, respectively. Cash equivalents were valued using quoted market prices or other readily available market information.

Short-Term Investments

Short-term investments consisted of the following as of March 31, 2026 and 2025 (in millions):

	As of March 31, 2026								As of March 31, 2025
	Cost orAmortizedCost		Gross Unrealized				FairValue		Cost orAmortizedCost		Gross Unrealized				FairValue
			Gains		Losses						Gains		Losses
Corporate bonds	$	52	$	—	$	—	$	52	$	46	$	—	$	—	$	46
U.S. Treasury securities	33		—		—		33		12		—		—		12
U.S. agency securities	2		—		—		2		—		—		—		—
Foreign government securities	5		—		—		5		4		—		—		4
Asset-backed securities	24		—		—		24		50		—		—		50
Short-term investments	$	116	$	—	$	—	$	116	$	112	$	—	$	—	$	112

	As of March 31, 2026				As of March 31, 2025
	AmortizedCost		FairValue		AmortizedCost		FairValue
Short-term investments
Due within 1 year	$	70	$	70	$	46	$	46
Due 1 year through 5 years	45		45		63		63
Due after 5 years	1		1		3		3
Short-term investments	$	116	$	116	$	112	$	112

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(5) DERIVATIVE FINANCIAL INSTRUMENTS

Assets or liabilities associated with our derivative instruments and hedging activities are recorded at fair value in other current assets/other assets, or accounts payable, accrued, and other current liabilities/other liabilities, respectively, on our Consolidated Balance Sheets. As discussed below, the accounting for gains and losses resulting from changes in fair value depends on the use of the derivative instrument and whether it is designated and qualifies for hedge accounting.

We transact business in various foreign currencies and have significant international sales and expenses denominated in foreign currencies, subjecting us to foreign currency risk. We purchase foreign currency forward contracts, generally with maturities of 18 months or less, to reduce the volatility of cash flows primarily related to forecasted revenue and expenses denominated in certain foreign currencies. Our cash flow risks are primarily related to fluctuations in the Euro, British pound sterling, Canadian dollar, Swedish krona, Australian dollar, Japanese yen, Chinese yuan, South Korean won and Polish zloty. In addition, we utilize foreign currency forward contracts to mitigate foreign currency exchange risk associated with foreign-currency-denominated monetary assets and liabilities, primarily intercompany receivables and payables. The foreign currency forward contracts not designated as hedging instruments generally have a contractual term of approximately three months or less and are transacted near month-end. We do not use foreign currency forward contracts for speculative trading purposes.

Cash Flow Hedging Activities

Certain of our forward contracts are designated and qualify as cash flow hedges. To qualify for hedge accounting treatment, all hedging relationships are formally documented at the inception of the hedges and must be highly effective in offsetting changes to future cash flows on hedged transactions. Gains or losses resulting from changes in the fair value of these hedges are initially reported, net of tax, as a component of accumulated other comprehensive income (loss) in stockholders’ equity. The gains or losses resulting from changes in the fair value of these hedges are subsequently reclassified into net revenue or research and development expenses, as appropriate, in the period when the forecasted transaction is recognized in our Consolidated Statements of Operations. In the event that the underlying forecasted transactions do not occur, or it becomes remote that they will occur within the defined hedge period, the gains or losses on the related cash flow hedges are reclassified from accumulated other comprehensive income (loss) to interest and other income (expense), net, in our Consolidated Statements of Operations.

	As of March 31, 2026						As of March 31, 2025
	Notional Amount		Fair Value				Notional Amount		Fair Value
			Asset		Liability				Asset		Liability
Forward contracts to purchase	$	428	$	4	$	4	$	463	$	4	$	7
Forward contracts to sell	$	1,576	$	28	$	15	$	1,970	$	20	$	16

	Year Ended March 31,
	2026				2025				2024
	Net revenue		Research and development		Net revenue		Research and development		Net revenue		Research and development
Total amounts presented in our Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	7,531	$	2,828	$	7,463	$	2,569	$	7,562	$	2,420
Gains (losses) on foreign currency forward contracts designated as cash flow hedges	$	(42)	$	6	$	18	$	(11)	$	56	$	(8)

Balance Sheet Hedging Activities

Our foreign currency forward contracts that are not designated as hedging instruments are accounted for as derivatives, with gains and losses resulting from changes in the fair value are reported in interest and other income (expense), net, in our Consolidated Statements of Operations. These gains and losses on these foreign currency forward contracts generally offset the gains and losses in the underlying foreign-currency-denominated monetary assets and liabilities, which are also reported in interest and other income (expense), net, in our Consolidated Statements of Operations.

	As of March 31, 2026						As of March 31, 2025
	Notional Amount		Fair Value				Notional Amount		Fair Value
			Asset		Liability				Asset		Liability
Forward contracts to purchase	$	638	$	—	$	6	$	511	$	1	$	2
Forward contracts to sell	$	554	$	3	$	—	$	582	$	3	$	1

The effect of foreign currency forward contracts not designated as hedging instruments in our Consolidated Statements of Operations for the fiscal years ended March 31, 2026, 2025, and 2024, was as follows (in millions):

	Year Ended March 31,
	2026		2025		2024
	Interest and other income (expense), net
Total amounts presented in our Consolidated Statements of Operations in which the effects of balance sheet hedges are recorded	$	18	$	85	$	71
Gains (losses) on foreign currency forward contracts not designated as hedging instruments	$	(10)	$	45	$	12

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(6) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	Unrealized Net Gains (Losses) on Available-for-Sale Securities		Unrealized Net Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments		Total
Balances as of March 31, 2023	$	(1)	$	13	$	(79)	$	(67)
Other comprehensive income (loss) before reclassifications	1		45		(3)		43
Amounts reclassified from accumulated other comprehensive income (loss)	—		(48)		—		(48)
Total other comprehensive income (loss), net of tax	1		(3)		(3)		(5)
Balances as of March 31, 2024	$	—	$	10	$	(82)	$	(72)
Other comprehensive income (loss) before reclassifications	—		8		(16)		(8)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(7)		—		(7)
Total other comprehensive income (loss), net of tax	—		1		(16)		(15)
Balances as of March 31, 2025	$	—	$	11	$	(98)	$	(87)
Other comprehensive income (loss) before reclassifications	—		(59)		8		(51)
Amounts reclassified from accumulated other comprehensive income (loss)	—		36		—		36
Total other comprehensive income (loss), net of tax	—		(23)		8		(15)
Balances as of March 31, 2026	$	—	$	(12)	$	(90)	$	(102)

Statement of Operations Classification	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)
	Year Ended March 31,
	2026		2025		2024
(Gains) losses on foreign currency forward contracts designated as cash flow hedges
Net revenue	$	42	$	(18)	$	(56)
Research and development	(6)		11		8
Total net (gain) loss reclassified, net of tax	$	36	$	(7)	$	(48)

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(7) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET

The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2026 are as follows (in millions):

	As of March 31, 2025		Activity		Effects of Foreign Currency Translation		As of March 31, 2026
Goodwill	$	5,744	$	9	$	3	$	5,756
Accumulated impairment	(368)		—		—		(368)
Total	$	5,376	$	9	$	3	$	5,388

The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2025 are as follows (in millions):

	As of March 31, 2024		Activity		Effects of Foreign Currency Translation		As of March 31, 2025
Goodwill	$	5,747	$	—	$	(3)	$	5,744
Accumulated impairment	(368)		—		—		(368)
Total	$	5,379	$	—	$	(3)	$	5,376

During the fiscal year ended March 31, 2026, we completed one acquisition that was not material to our Consolidated Financial Statements.

Acquisition-related intangibles consisted of the following (in millions):

	As of March 31, 2026						As of March 31, 2025
	GrossCarryingAmount		AccumulatedAmortization		Acquisition-RelatedIntangibles, Net		GrossCarryingAmount		AccumulatedAmortization		Acquisition-RelatedIntangibles, Net
Developed and core technology	$	938	$	(848)	$	90	$	933	$	(790)	$	143
Trade names and trademarks	501		(396)		105		501		(351)		150
Registered user base and other intangibles	56		(56)		—		56		(56)		—
Total	$	1,495	$	(1,300)	$	195	$	1,490	$	(1,197)	$	293

	Year Ended March 31,
	2026		2025		2024
Cost of revenue	$	37	$	40	$	76
Operating expenses	66		67		142
Total	$	103	$	107	$	218

During fiscal years 2026 and 2025, we did not recognize any material impairment charges for acquisition-related intangible assets.

During fiscal year 2024, we recorded impairment charges of $70 million for acquisition-related intangible assets, of which $53 million was recorded within operating expenses and $17 million was recorded within cost of revenue.

Acquisition-related intangible assets are generally amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms, currently ranging from 2 to 7 years. As of March 31, 2026 and 2025, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 2.3 years and 3.2 years, respectively.

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As of March 31, 2026, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Consolidated Statements of Operations is estimated as follows (in millions):

Fiscal Year Ending March 31,
2027	$	85
2028	82
2029	28
Total	$	195

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(8) ROYALTIES AND LICENSES

Our royalty expenses consist of payments to (1) content licensors, (2) independent software developers, and (3) co-publishing and/or distribution affiliates. Content license royalties consist of payments made to sports organizations, movie studios, and others for our use of their trademarks, copyrights, personal publicity rights, content and/or other intellectual property. Royalty payments to independent software developers are payments for the development of intellectual property related to our games. Co-publishing and distribution royalties are payments made to third parties for the delivery of products.

During fiscal years 2026 and 2025, we did not recognize any material losses or impairment charges on royalty-based commitments.

During fiscal year 2024, we recorded impairment charges of $30 million for costs associated with licensor commitments, all of which were recorded within Restructuring in the Consolidated Statements of Operations.

	As of March 31,
	2026		2025
Other current assets	$	40	$	55
Other assets	12		23
Royalty-related assets	$	52	$	78

	As of March 31,
	2026		2025
Accounts payable, accrued, and other current liabilities	$	221	$	226
Other liabilities	—		9
Royalty-related liabilities	$	221	$	235

As of March 31, 2026, we were committed to pay approximately $2,058 million to content licensors, independent software developers, and co-publishing and/or distribution affiliates, but performance remained with the counterparty (i.e., delivery of the product or content or other factors) and such commitments were therefore not recorded in our Consolidated Financial Statements. See Note 13 for further information on our developer and licensor commitments.

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(9) BALANCE SHEET DETAILS

Property and Equipment, Net

	As of March 31,
	2026		2025
Computer, equipment and software	$	1,117	$	1,033
Buildings	393		379
Leasehold improvements	237		229
Equipment, furniture and fixtures, and other	119		109
Land	66		66
Construction in progress	38		21
	1,970		1,837
Less: accumulated depreciation	(1,357)		(1,251)
Property and equipment, net	$	613	$	586

Depreciation expense associated with property and equipment was $216 million, $204 million and $196 million for the fiscal years ended March 31, 2026, 2025, and 2024, respectively.

Accounts Payable, Accrued, and Other Current Liabilities

	As of March 31,
	2026		2025
Accounts payable	$	128	$	105
Accrued compensation and benefits	563		486
Accrued royalties	221		226
Deferred net revenue (other)	112		94
Operating lease liabilities (See Note 12)	63		67
Other accrued expenses	396		297
Sales returns and price protection reserves	81		84
Accounts payable, accrued, and other current liabilities	$	1,564	$	1,359

Deferred net revenue (other) includes the deferral of licensing arrangements, subscription revenue, and other revenue for which revenue recognition criteria has not been met.

Deferred net revenue

	As of March 31,
	2026		2025
Deferred net revenue (online-enabled games)	$	2,233	$	1,700
Deferred net revenue (other)	112		94
Deferred net revenue (noncurrent)	70		72
Total deferred net revenue	$	2,415	$	1,866

During the fiscal years ended March 31, 2026 and 2025, we recognized $1,775 million and $1,875 million of revenue, respectively, that were included in the deferred net revenue balance at the beginning of the period.

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Remaining Performance Obligations

As of March 31, 2026, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $2,415 million. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue.

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(10) INCOME TAXES

On July 4, 2025, the United States enacted the One Big Beautiful Bill Act (“OBBB”) which extended or modified certain corporate tax provisions under the 2017 Tax Cuts and Jobs Act (“TCJA”). The OBBB modified certain business deductions, including allowing for immediate expensing of U.S. research & development expenditures, effective in our current fiscal year. The OBBB also modified various international tax provisions which were set to change or expire after 2025 under the TCJA. Such modifications, including U.S. taxation of profits derived from foreign operations and associated foreign tax credit limitations, are effective in our fiscal year 2027. The changes resulting from the tax provisions of OBBB are not expected to have a material impact on our results of operations.

The European Union and other countries, including Switzerland, have enacted, or have committed to enact global minimum taxes, commonly referred to as Pillar II, as proposed by the Organization for Economic Cooperation and Development (“OECD”), effective with our fiscal year 2025. Pillar II in the relevant countries where we operate did not have a material impact on our tax provision. On January 5, 2026, the OECD published details of a side-by-side package for the Pillar II global minimum tax rules. The package includes an extension of the transitional safe harbor and new permanent safe harbor rules, including the exemption of U.S.-parented multinationals from certain Pillar II global minimum taxes effective in our fiscal year 2027. We do not expect the package to have material impact on our financial results and will continue to monitor legislative updates in our operating jurisdictions.

	Year Ended March 31,
	2026		2025		2024
Domestic	$	265	$	447	$	437
Foreign	915		1,158		1,152
Income before provision for income taxes	$	1,180	$	1,605	$	1,589

Provision for income taxes for the fiscal years ended March 31, 2026, 2025, and 2024 consisted of (in millions):

	Current		Deferred		Total
Year Ended March 31, 2026
Federal	$	137	$	(29)	$	108
State	20		(7)		13
Foreign	146		26		172
	$	303	$	(10)	$	293
Year Ended March 31, 2025
Federal	$	369	$	(136)	$	233
State	53		(28)		25
Foreign	102		124		226
	$	524	$	(40)	$	484
Year Ended March 31, 2024
Federal	$	138	$	85	$	223
State	20		9		29
Foreign	76		(12)		64
	$	234	$	82	$	316

The differences between the statutory tax rate and our effective tax rate for the fiscal year ended March 31, 2026 after the adoption of ASU 2023-09 are as follows:

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	Year Ended March 31, 2026
	Amount		Percent
Statutory federal tax expense rate	$	248	21.0	%
State and local income taxes, net of federal benefit	3		0.3	%
Foreign tax effects
Singapore
Nontaxable interest income	(76)		(6.6)	%
Statutory income tax rate differential	(18)		(1.5)	%
Switzerland
Statutory income tax rate differential	(19)		(1.6)	%
Other foreign jurisdictions	36		3.1	%
Effect of cross-border tax laws (a)	73		6.2	%
Research and development tax credits	(37)		(3.1)	%
Changes in unrecognized tax benefits (b)	77		6.5	%
Other adjustments (c)	6		0.5	%
Effective tax rate	$	293	24.8	%
(a) Effect of cross-border tax laws are presented on a net basis, primarily related to global intangible low-taxed income.(b) Changes in unrecognized tax benefits are presented on an aggregated basis for all jurisdictions.(c) Includes change in valuation allowances, and nontaxable or nondeductible items.

The differences between the statutory tax rate and our effective tax rate, expressed as a percentage of income before provision for income taxes, for the fiscal years ended March 31, 2025, and 2024 prior to the adoption of ASU 2023-09 were as follows:

	Year Ended March 31,
	2025		2024
Statutory federal tax expense rate	21.0	%	21.0	%
State taxes, net of federal benefit	0.9	%	1.1	%
Differences between statutory rate and foreign effective tax rate	3.8	%	2.9	%
Research and development credits	(2.3)	%	(2.4)	%
Swiss valuation allowance	3.2	%	(0.3)	%
Effect of change in enacted tax rate	—	%	(5.8)	%
Non-deductible stock-based compensation	3.2	%	2.8	%
Other	0.4	%	0.6	%
Effective tax rate	30.2	%	19.9	%

During the fiscal year ended March 31, 2024, we recognized a $92 million tax benefit to remeasure our Swiss deferred tax assets as a result of an increase in the Swiss statutory tax rate. In addition, we recognized a lower period cost for U.S. tax on our non-U.S. earnings, including a cumulative one-time benefit, due to R&D capitalization guidance issued by the U.S. Treasury during the fiscal year. Excluding the effects of these items, the effective tax rate for fiscal year 2024 would have been 26.7 percent.

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Income taxes paid, net of refunds received, for the fiscal year ended March 31, 2026 were as follows (in millions):

	Year Ended March 31, 2026
U.S. federal	$	91
U.S. state and local	19
Foreign
Canada - British Columbia	20
Canada - federal	15
Other	56
Income taxes paid, net of refunds	$	201

Income taxes paid, net of refunds received, for the fiscal years ended March 31, 2025 and 2024 were $404 million and $300 million, respectively.

Our foreign subsidiaries are generally subject to U.S. tax, and to the extent earnings from these subsidiaries can be repatriated without a material tax cost, such earnings will not be indefinitely reinvested. As of March 31, 2026, approximately $796 million of our cash and cash equivalents were domiciled in foreign tax jurisdictions. All of our foreign cash is available for repatriation without a material tax cost.

The components of net deferred tax assets, as of March 31, 2026 and 2025 consisted of (in millions):

	As of March 31,
	2026		2025
Deferred tax assets:
Accruals, reserves and other expenses	$	239	$	227
Tax credit carryforwards	250		235
Research and development capitalization	537		523
Stock-based compensation	42		43
Amortization and depreciation	15		—
Net operating loss and capital loss carryforwards	544		450
Swiss intra-entity tax asset	1,355		1,485
Total	2,982		2,963
Valuation allowance	(544)		(534)
Deferred tax assets, net of valuation allowance	2,438		2,429
Deferred tax liabilities:
Amortization and depreciation	—		(7)
Other	(6)		(3)
Total	(6)		(10)
Deferred tax assets, net of valuation allowance and deferred tax liabilities	$	2,432	$	2,419

As of March 31, 2026, we have net operating loss carry forwards of approximately $3.6 billion of which approximately $40 million is attributable to various acquired companies. The net operating loss carry forwards include $3.6 billion related to Switzerland and $52 million related to U.S. states and other foreign jurisdictions. Substantially all of these carryforwards, if not fully realized, will begin to expire in fiscal year 2027. Switzerland has a seven-year carryforward period and does not permit the carry back of losses. We also have U.S. federal credit carryforwards of $15 million and California credit carryforwards of $224 million. The California tax credit carryforwards can be carried forward indefinitely.

As of March 31, 2026, we maintained a total valuation allowance of $544 million related to certain U.S. state deferred tax assets, Swiss deferred tax assets, and foreign capital loss carryovers, due to uncertainty about the future realization of these assets.

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The total unrecognized tax benefits as of March 31, 2026, 2025, and 2024 were $677 million, $688 million and $804 million, respectively. A reconciliation of the beginning and ending balance of unrecognized tax benefits is summarized as follows (in millions):

Balance as of March 31, 2023	$	867
Increases in unrecognized tax benefits related to prior year tax positions	14
Decreases in unrecognized tax benefits related to prior year tax positions	(173)
Increases in unrecognized tax benefits related to current year tax positions	97
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations	(2)
Changes in unrecognized tax benefits due to foreign currency translation	1
Balance as of March 31, 2024	804
Increases in unrecognized tax benefits related to prior year tax positions	18
Decreases in unrecognized tax benefits related to prior year tax positions	(214)
Increases in unrecognized tax benefits related to current year tax positions	94
Decreases in unrecognized tax benefits related to settlements with taxing authorities	(12)
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations	(2)
Balance as of March 31, 2025	688
Increases in unrecognized tax benefits related to prior year tax positions	41
Decreases in unrecognized tax benefits related to prior year tax positions	(22)
Increases in unrecognized tax benefits related to current year tax positions	63
Decreases in unrecognized tax benefits related to settlements with taxing authorities	(94)
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations	(5)
Changes in unrecognized tax benefits due to foreign currency translation	6
Balance as of March 31, 2026	$	677

As of March 31, 2026, approximately $556 million of the unrecognized tax benefits would affect our effective tax rate, a portion of which would be impacted by a valuation allowance.

Interest and penalties related to estimated obligations for tax positions taken in our tax returns are recognized in income tax expense in our Consolidated Statements of Operations. The combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current other liabilities was approximately $154 million as of March 31, 2026 and $127 million as of March 31, 2025.

We file income tax returns in the United States, including various state and local jurisdictions. As of March 31, 2026, our subsidiaries file tax returns in various foreign jurisdictions, including Canada, Germany, South Korea, Switzerland, and the United Kingdom. As of the period ended March 31, 2026, we remain subject to income tax examination in these jurisdictions, including the United States for fiscal years after 2017, Canada for fiscal years after 2015, Germany for fiscal years after 2019, South Korea for fiscal years after 2018, Switzerland for fiscal years after 2015, and the United Kingdom for fiscal years after 2021.

We are currently under income tax examination in various jurisdictions, including the United States for fiscal years 2018 through 2022.

The timing and potential resolution of income tax examinations is highly uncertain. While we continue to measure our uncertain tax positions, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued.

It is also reasonably possible that a material reduction of unrecognized tax benefits may occur within the next 12 months, impacting our effective tax rate. The actual amount could vary significantly depending on the ultimate timing and nature of any settlements and tax interpretations.

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(11) FINANCING ARRANGEMENTS

Senior Notes

In February 2021, we issued $750 million aggregate principal amount of 1.85% Senior Notes due February 15, 2031 (the “2031 Notes”) and $750 million aggregate principal amount of 2.95% Senior Notes due February 15, 2051 (the “2051 Notes”). Our proceeds were $1,478 million, net of discount of $6 million and issuance costs of $16 million. Both the discount and issuance costs are being amortized to interest expense over the respective terms of the 2031 Notes and the 2051 Notes using the effective interest rate method. The effective interest rate is 1.98% for the 2031 Notes and 3.04% for the 2051 Notes. Interest is payable semiannually in arrears, on February 15 and August 15 of each year.

In February 2016, we issued $400 million aggregate principal amount of 4.80% Senior Notes due March 1, 2026 (the “2026 Notes”). Our proceeds were $395 million, net of discount of $1 million and issuance costs of $4 million. Both the discount and issuance costs are being amortized to interest expense over the term of the 2026 Notes using the effective interest rate method. The effective interest rate was 4.97%. Interest is payable semiannually in arrears, on March 1 and September 1 of each year. We redeemed all of the $400 million outstanding aggregate principal amount of the 2026 Notes during the fourth quarter of fiscal year 2026.

The carrying and fair values of the Senior Notes are as follows (in millions):

	As of March 31, 2026		As of March 31, 2025
Senior Notes:
4.80% Senior Notes due 2026	$	—	$	400
1.85% Senior Notes due 2031	750		750
2.95% Senior Notes due 2051	750		750
Total principal amount	$	1,500	$	1,900
Unaccreted discount	(4)		(5)
Unamortized debt issuance costs	(11)		(11)
Net carrying value of Senior Notes	$	1,485	$	1,884
Fair value of Senior Notes (Level 2)	$	1,292	$	1,511

As of March 31, 2026, the remaining life of the 2031 Notes and 2051 Notes is approximately 4.9 years and 24.9 years, respectively.

The Senior Notes are senior unsecured obligations and rank equally with all our other existing and future unsubordinated obligations and any indebtedness that we may incur from time to time under our Credit Facility.

The 2031 Notes and 2051 Notes are redeemable at our option at any time prior to November 15, 2030 and August 15, 2050, respectively, subject to a make-whole premium. After such dates, we may redeem each such series of Notes, respectively, at a redemption price equal to 100% of the aggregate principal amount plus accrued and unpaid interest. In addition, upon the occurrence of a change of control repurchase event, the holders of each such series of Notes may require us to repurchase all or a portion of these Notes, at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase. Each such series of Notes also include covenants that limit our ability to incur liens on assets and to enter into sale and leaseback transactions, subject to certain allowances.

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Credit Facility

On March 22, 2023, we entered into a $500 million unsecured revolving credit facility (the “Credit Facility") with a syndicate of banks. The Credit Facility terminates on March 22, 2028 unless the maturity is extended in accordance with its terms. The Credit Facility contains an option to arrange with existing lenders and/or new lenders to provide up to an aggregate of $500 million in additional commitments for revolving loans. Proceeds of loans made under the Credit Facility may be used for general corporate purposes.

The loans denominated in U.S. dollars bear interest, at our option, at the base rate plus an applicable spread or at a forward-looking term rate based upon the secured overnight financing rate plus a credit spread adjustment of 0.10% per annum (the “Adjusted Term SOFR Rate”) plus an applicable spread, in each case with such spread based on our debt credit ratings. We are also obligated to pay other customary fees for a credit facility of this size and type. Interest is due and payable in arrears quarterly for loans bearing interest at the base rate and at the end of an interest period in the case of loans bearing interest at the Adjusted Term SOFR Rate. Principal, together with all accrued and unpaid interest, is due and payable on the maturity date, as such date may be extended in connection with the extension option. We may prepay the loans and terminate the commitments, in whole or in part, at any time without premium or penalty, subject to certain conditions.

The Credit Facility contains customary affirmative and negative covenants, including covenants that limit or restrict our ability to, among other things, incur subsidiary indebtedness, grant liens, and dispose of all or substantially all assets, in each case subject to customary exceptions for a credit facility of this size and type. We are also required to maintain compliance with a debt to EBITDA ratio. As of March 31, 2026, we were in compliance with the debt to EBITDA ratio.

The Credit Facility contains customary events of default, including among others, non-payment defaults, covenant defaults, cross-defaults to material indebtedness, bankruptcy and insolvency defaults, material judgment defaults and a change of control default, in each case, subject to customary exceptions for a credit facility of this size and type. The occurrence of an event of default could result in the acceleration of the obligations under the Credit Facility and an increase in the applicable interest rate.

As of March 31, 2026, no amounts were outstanding under the Credit Facility. $2 million of debt issuance costs that were paid in connection with obtaining this credit facility are being amortized to interest expense over the 5-year term of the Credit Facility.

Interest Expense

The following table summarizes our interest expense recognized for fiscal years 2026, 2025, and 2024 that is included in interest and other income (expense), net on our Consolidated Statements of Operations (in millions):

	Year Ended March 31,
	2026		2025		2024
Amortization of debt issuance costs	$	(2)	$	(2)	$	(2)
Coupon interest expense	(51)		(55)		(55)
Other interest expense	—		(1)		(1)
Total interest expense	$	(53)	$	(58)	$	(58)

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(12) LEASES

Our leases primarily consist of facility leases for our offices and development studios, data centers, and server equipment, with remaining lease terms of up to 11 years. Our lease terms may include options to extend or terminate the lease. When it is reasonably certain that we will exercise those options, we include them in our measurement of lease payments and lease terms. Substantially all of our leases are classified as operating leases.

We determine if an arrangement is or contains a lease at contract inception. The contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In determining if a contract is or contains a lease, we apply judgment whether the contract provides the right to obtain substantially all of the economic benefits, the right to direct, or control the use of the identified asset throughout the period of use.

Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date based on the present value of future lease payments over the lease term. In determining the present value of the future lease payments, we use our incremental borrowing rate as none of our leases provide an implicit rate. Our incremental borrowing rate is an assumed rate based on our credit rating, credit history, current economic environment, and the lease term. Operating lease ROU assets are further adjusted for any payments made, incentives received, and initial direct costs incurred prior to the commencement date.

Operating lease ROU assets are amortized on a straight-line basis over the lease term and recognized as lease expense within cost of revenue or operating expenses on our Consolidated Statements of Operations. Operating lease liabilities decrease by lease payments we make over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. When we commit to a plan to abandon an operating lease at a future date, the amortization of the operating lease ROU asset and depreciation of the associated leasehold improvements are accelerated based on the revised useful life of the operating lease.

Some of our operating leases contain lease and non-lease components. Non-lease components primarily include fixed payments for common area maintenance and utilities. We elected to account for lease and non-lease components as a single lease component. Variable lease and non-lease components are recognized on our Consolidated Statements of Operations as incurred.

The components of lease expenses for the fiscal years ended March 31, 2026, 2025, and 2024 are as follows (in millions):

	Year Ended March 31,
	2026		2025		2024
Operating lease costs	$	69	$	121	$	80
Variable lease costs	31		32		31
Total lease expense	$	100	$	153	$	111

During fiscal years 2026 and 2024, we did not record any material impairments of operating lease right-of-use assets or associated property, plant, and equipment. During fiscal year 2025, we recorded $52 million of impairments of operating lease right-of-use assets and associated property, plant, and equipment related to certain operating leases, which are included in operating lease costs presented in the table above.

During the fiscal years ended March 31, 2026, 2025, and 2024, we did not incur material costs associated with short-term leases with an initial term of 12 months or less.

	Year Ended March 31,
	2026		2025		2024
Cash paid for amounts included in the measurement of lease liability	$	81	$	87	$	74
ROU assets obtained in exchange for new lease obligations	$	96	$	97	$	37

Weighted average remaining lease term and discount rate at March 31, 2026 and 2025 are as follows:

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	At March 31, 2026		At March 31, 2025
Lease term	7.3 years		7.1 years
Discount rate	4.4	%	4.0	%

	As of March 31,				Balance Sheet Classification
	2026		2025
Operating lease ROU assets	$	283	$	237	Other assets
Operating lease liabilities	$	63	$	67	Accounts payable, accrued, and other current liabilities
Noncurrent operating lease liabilities	306		267		Other liabilities
Total operating lease liabilities	$	369	$	334

Future minimum lease payments under operating leases as of March 31, 2026 were as follows (in millions):

Fiscal Years Ending March 31,
2027	$	76
2028	71
2029	52
2030	37
2031	45
Thereafter	153
Total future lease payments	434
Less imputed interest	(65)
Total operating lease liabilities	$	369

In addition to the amounts included in the table above, as of March 31, 2026, we have entered into two office leases that have not yet commenced with aggregate future lease payments of approximately $34 million. The leases are expected to commence in fiscal year 2027, and will have lease term ranging from 5 to 10 years.

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(13) COMMITMENTS AND CONTINGENCIES

Development, Sports Organizations, and Other Content Licenses: Payments and Commitments

The products we produce in our studios are designed and created by our employee designers, artists, software programmers and by non-employee software developers (“independent artists” or “third-party developers”). We typically advance development funds to the independent artists and third-party developers during development of our games, usually in installment payments made upon the completion of specified development milestones. Contractually, these payments are generally considered advances against subsequent royalties on the sales of the products. These terms are set forth in written agreements entered into with the independent artists and third-party developers. In addition, we have certain sports organizations and other content license contracts that contain minimum guarantee payments and marketing commitments to promote the games we publish that may not be dependent on any deliverables.

These developer and content license commitments represent the sum of the cash payments for flat fees, minimum guaranteed payments, and service payments. The majority of these commitments are conditional upon performance by the counterparty. These payments and any related marketing and development commitments are included in the table below.

The following table summarizes our minimum contractual obligations as of March 31, 2026 (in millions):

			Fiscal Years Ending March 31,
	Total		2027		2028		2029		2030		2031		Thereafter
Unrecognized commitments
Developer/licensor commitments	$	2,058	$	340	$	474	$	430	$	415	$	361	$	38
Marketing commitments	1,239		304		282		230		196		216		11
Senior Notes interest	618		32		36		36		36		36		442
Operating lease imputed interest	65		15		12		10		8		7		13
Operating leases not yet commenced	34		2		4		5		5		5		13
Other purchase obligations	376		101		121		97		39		14		4
Total unrecognized commitments	4,390		794		929		808		699		639		521
Recognized commitments
Senior Notes principal and interest	1,505		5		—		—		—		750		750
Operating leases	369		61		59		42		29		38		140
Total recognized commitments	1,874		66		59		42		29		788		890
Total Commitments	$	6,264	$	860	$	988	$	850	$	728	$	1,427	$	1,411

The unrecognized amounts represented in the table above reflect our minimum cash obligations for the respective fiscal years, but do not necessarily represent the periods in which they will be recognized and expensed in our Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates the amounts are contractually due as of March 31, 2026; however, certain payment obligations may be accelerated depending on the performance of our operating results.

In addition to the amounts included in the table above, in our Consolidated Balance Sheets as of March 31, 2026, we had a net liability for unrecognized tax benefits and related interest totaling $654 million. While it is reasonably possible that a material reduction of unrecognized tax benefits may occur within the next 12 months, the actual amount could vary significantly depending on the ultimate timing and nature of any settlements and tax interpretations.

Legal Proceedings

We are subject to claims and litigation arising in the ordinary course of business. We do not believe that any liability from any reasonably foreseeable disposition of such claims and litigation, individually or in the aggregate, would have a material adverse effect on our Consolidated Financial Statements.

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(14) STOCK-BASED COMPENSATION, EMPLOYEE BENEFIT PLANS, AND STOCK REPURCHASE PROGRAM

Valuation Assumptions

We recognize compensation cost for stock-based awards to employees based on the awards’ estimated grant-date fair value using a straight-line approach over the service period for which such awards are expected to vest. We account for forfeitures as they occur.

The estimation of the fair value of market-based restricted stock units, stock options and Employee Stock Purchase Plan (“ESPP”) purchase rights is affected by assumptions regarding subjective and complex variables. Generally, our assumptions are based on historical information and judgment is required to determine if historical trends may be indicators of future outcomes. We estimate the fair value of our stock-based awards as follows:

•Restricted Stock Units and Performance-Based Restricted Stock Units. The fair value of restricted stock units and performance-based restricted stock units (other than market-based restricted stock units) is determined based on the quoted market price of our common stock on the date of grant.

•Market-Based Restricted Stock Units. Market-based restricted stock units consist of grants of performance-based restricted stock units to certain members of executive management that vest contingent upon the achievement of pre-determined market and service conditions (referred to herein as “market-based restricted stock units”). The fair value of our market-based restricted stock units is estimated using a Monte-Carlo simulation model. Key assumptions for the Monte-Carlo simulation model are the risk-free interest rate, expected volatility, expected dividends and correlation coefficient.

•Stock Options and ESPP. The fair value of stock options and stock purchase rights granted pursuant to our equity incentive plans and our 2000 Employee Stock Purchase Plan, as amended, respectively, is estimated using the Black-Scholes valuation model based on the multiple-award valuation method. Key assumptions of the Black-Scholes valuation model are the risk-free interest rate, expected volatility, expected term and expected dividends. The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant for the expected term of the option. Expected volatility is based on a combination of historical stock price volatility and implied volatility of publicly-traded options on our common stock. An expected term is estimated based on historical exercise behavior, post-vesting termination patterns, options outstanding and future expected exercise behavior.

There were an insignificant number of stock options granted during fiscal years 2026, 2025, and 2024.

The estimated assumptions used in the Black-Scholes valuation model to value our ESPP purchase rights were as follows:

	ESPP Purchase Rights
	Year Ended March 31,
	2026	2025		2024
Risk-free interest rate	4.1 - 4.2%	4.2 - 5.0%		5.0% - 5.5%
Expected volatility	27 - 28%	21 - 30%		19 - 24%
Weighted-average volatility	28%	28%		23%
Expected term	6 - 12 months	6 - 12 months		6 - 12 months
Expected dividends	0.4%	0.7	%	0.8	%

The assumptions used in the Monte-Carlo simulation model to value our market-based restricted stock units were as follows:

	Year Ended March 31,
	2026	2025		2024
Risk-free interest rate	3.9%	4.5	%	4.4%
Expected volatility	24 - 43%	23 - 43%		25 - 59%
Weighted-average volatility	30%	31%		39%
Expected dividends	None	None		None

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Summary of Plans and Plan Activity

Equity Incentive Plans

We have equity awards outstanding under two incentive plans: our 2019 Equity Incentive Plan (the “2019 Equity Plan”), as amended, and our 2000 Equity Incentive Plan, as amended (the “2000 Equity Plan”). Our 2019 Equity Plan allows us to grant options to purchase our common stock and to grant restricted stock, restricted stock units and stock appreciation rights to our employees, officers, and directors, up to a maximum of 29.5 million shares, plus any shares authorized for grant or subject to awards under the 2000 Equity Plan that are not delivered to participants for any reason. Pursuant to the 2019 Equity Plan, incentive stock options may be granted to employees and officers and non-qualified options may be granted to employees, officers, and directors, at not less than 100 percent of the fair market value on the date of grant.

Approximately 6.9 million restricted stock units or options were available for grant under our 2019 Equity Plan as of March 31, 2026.

Stock Options

Options granted under the 2019 Equity Plan and the 2000 Equity Plan generally expire ten years from the date of grant. All outstanding options were fully vested and exercisable as of March 31, 2026.

The following table summarizes our stock option activity for the fiscal year ended March 31, 2026:

	Options(in thousands)	Weighted-AverageExercise Prices		Weighted-AverageRemainingContractualTerm (in years)	AggregateIntrinsic Value(in millions)
Outstanding as of March 31, 2025	6	$	63.51
Granted	2	164.39
Exercised	(5)	98.74
Forfeited, cancelled or expired	—	—
Outstanding as of March 31, 2026	3	$	57.19	2.00	$	0.4
Vested	3	$	57.19	2.00	$	0.4
Exercisable as of March 31, 2026	3	$	57.19	2.00	$	0.4

The aggregate intrinsic value represents the total pre-tax intrinsic value based on our closing stock price as of March 31, 2026, which would have been received by the option holders had all the option holders exercised their options as of that date. The total intrinsic values of stock options exercised during fiscal years 2026, 2025, and 2024 were $0.3 million, $0.4 million, and $10 million, respectively. We issue new common stock from our authorized shares upon the exercise of stock options.

Restricted Stock Units

We grant restricted stock units under our 2019 Equity Plan to employees worldwide. Restricted stock units are unfunded, unsecured rights to receive common stock upon the satisfaction of certain vesting criteria. Upon vesting, a number of shares of common stock equivalent to the number of restricted stock units are typically issued net of required tax withholding requirements, if any. Restricted stock units are subject to forfeiture and transfer restrictions. Vesting for restricted stock units is based on the holders’ continued employment with us through each applicable vest date. If the vesting conditions are not met, unvested restricted stock units will be forfeited. Our restricted stock units generally vest over 35 months to four years.

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The following table summarizes our restricted stock units activity, excluding performance-based and market-based restricted stock unit activity which is discussed below, for the fiscal year ended March 31, 2026:

	RestrictedStock Units(in thousands)	Weighted-Average GrantDate Fair Values
Outstanding as of March 31, 2025	7,549	$	133.90
Granted	3,864	154.23
Vested	(4,339)	133.74
Forfeited or cancelled	(633)	139.84
Outstanding as of March 31, 2026	6,441	$	145.62

The grant date fair value of restricted stock units is based on the quoted market price of our common stock on the date of grant. The weighted-average grant date fair values of restricted stock units granted during fiscal years 2026, 2025, and 2024 were $154.23, $138.59, and $129.30, respectively. The fair values of restricted stock units that vested during fiscal years 2026, 2025, and 2024 were $738 million, $633 million, and $519 million, respectively.

Performance-Based Restricted Stock Units

Our performance-based restricted stock units vest upon the achievement of pre-determined performance-based milestones, including, but not limited to, management reporting milestones of net bookings and operating income metrics, as well as service conditions. If these performance-based milestones are not met but service conditions are met, the performance-based restricted stock units will not vest, in which case any compensation expense we have recognized to date will be reversed. Generally, the measurement periods of our performance-based restricted stock units are 3 years, with awards vesting after each annual measurement period or cliff-vesting after the completion of the total aggregate measurement period.

Each quarter, we update our assessment of the probability that the performance milestones will be achieved. We amortize the fair values of performance-based restricted stock units over the requisite service period. The performance-based restricted stock units contain threshold, target and maximum milestones for each performance-based milestone. The number of shares of common stock to be issued at vesting will range from zero to 200 percent of the target number of performance-based restricted stock units attributable to each performance-based milestone based on the company’s performance as compared to these threshold, target and maximum performance-based milestones. Each performance-based milestone is weighted evenly and the number of shares that vest based on each performance-based milestone is independent from the other.

The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the fiscal year ended March 31, 2026:

	Performance-Based RestrictedStock Units(in thousands)	Weighted-Average GrantDate Fair Value
Outstanding as of March 31, 2025	1,004	$	134.60
Granted	813	151.10
Vested	(266)	150.23
Forfeited or cancelled	(493)	138.10
Outstanding as of March 31, 2026	1,058	$	141.72

The weighted-average grant date fair values of performance-based restricted stock units granted during fiscal years 2026, 2025, and 2024 were $151.10, $137.53, and $128.66 respectively. The fair values of performance-based restricted stock units that vested during fiscal years 2026, 2025, and 2024 were $40 million, $35 million, and $11 million respectively.

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Market-Based Restricted Stock Units

Our market-based restricted stock units vest contingent upon the achievement of pre-determined market and service conditions. If these market conditions are not met but service conditions are met, the market-based restricted stock units will not vest; however, any compensation expense we have recognized to date will not be reversed. The number of shares of common stock to be issued at vesting for these awards are based on our total stockholder return (“TSR”) relative to the performance of either companies in the Nasdaq-100 (for awards granted in fiscal years 2023 and 2024) or the S&P 500 Index (for awards granted in fiscal year 2025 and going forward) (“Relative TSR”) and on absolute TSR performance measured against pre-established goals, which started in fiscal year 2025 (“Absolute TSR”), each over a three-year period. Payout with respect to the Relative TSR component ranges from zero to 200 percent of the target number of Relative TSR units granted, and payout with respect to the Absolute TSR component ranges from zero to 75 percent of the target number of the underlying base award (which is comprised of Performance-Based Restricted Stock Units and Relative TSR units). These awards cliff-vest after the completion of the three-year measurement period, contingent on the achievement of both market and service conditions.

We amortize the fair values of market-based restricted stock units over the requisite service period.

	Market-BasedRestricted StockUnits(in thousands)	Weighted-Average GrantDate Fair Value
Outstanding as of March 31, 2025	637	$	115.43
Granted	367	103.73
Vested	(34)	150.48
Forfeited or cancelled	(80)	176.70
Outstanding as of March 31, 2026	890	$	103.80

The weighted-average grant date fair values of market-based restricted stock units granted during fiscal years 2026, 2025, and 2024 were $103.73, $80.91, and $152.92, respectively. The fair values of market-based restricted stock units that vested during fiscal years 2026, 2025, and 2024 were $5 million, $3 million, and $4 million, respectively.

ESPP

Pursuant to our ESPP, eligible employees were permitted to authorize payroll deductions of between 2 percent and 10 percent of their compensation to purchase shares of common stock at 85 percent of the lower of the market price of our common stock on the date of commencement of the applicable offering period or on the last day of each six-month purchase period.

The final purchase under the ESPP occurred during the fourth quarter of fiscal year 2026. In connection with the Merger, no offering period commenced following the February 2026 purchase.

The following table summarizes our ESPP activity for fiscal years ended March 31, 2026, 2025, and 2024:

	Shares Issued (in millions)	Exercise Prices for Purchase Rights	Weighted-Average Fair Values of Purchase Rights
Fiscal Year 2024	0.8	$94.96 - $102.58	$	30.82
Fiscal Year 2025	0.7	$102.58 - $120.94	$	34.07
Fiscal Year 2026	0.8	$109.10 - $143.79	$	32.74

The fair values were estimated on the date of grant using the Black-Scholes valuation model. Shares issued under the ESPP were issued from the plan’s authorized share pool.

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Stock-Based Compensation Expense

	Year Ended March 31,
	2026		2025		2024
Cost of revenue	$	11	$	14	$	8
Research and development	467		457		418
Marketing and sales	57		56		52
General and administrative	121		115		106
Stock-based compensation expense	$	656	$	642	$	584

During the fiscal years ended March 31, 2026, 2025, and 2024, we recognized $85 million, $85 million, and $79 million, respectively, of deferred income tax benefit related to our stock-based compensation expense.

As of March 31, 2026, our total unrecognized compensation cost related to stock options, restricted stock units, market-based restricted stock units, and performance-based restricted stock units was $722 million and is expected to be recognized over a weighted-average service period of 1.7 years. Of the $722 million of unrecognized compensation cost, $682 million relates to restricted stock units, $21 million relates to market-based restricted stock units, and $19 million relates to performance-based restricted stock units.

Deferred Compensation Plan

We have a Deferred Compensation Plan (“DCP”) for the benefit of a select group of management or highly compensated employees and directors, which is unfunded and intended to be a plan that is not qualified within the meaning of section 401(a) of the Internal Revenue Code. The DCP permits the deferral of the annual base salary and/or director cash compensation up to a maximum amount. The deferrals are held in a separate trust, which has been established by us to administer the DCP. The trust is a grantor trust and the specific terms of the trust agreement provide that the assets of the trust are available to satisfy the claims of general creditors in the event of our insolvency. The assets held by the trust are classified as trading securities and are held at fair value on our Consolidated Balance Sheets. The assets and liabilities of the DCP are presented in other assets and other liabilities on our Consolidated Balance Sheets, respectively, with changes in the fair value of the assets and in the deferred compensation liability recognized as compensation expense. The estimated fair value of the assets was $46 million and $36 million as of March 31, 2026 and 2025, respectively. As of March 31, 2026 and 2025, $46 million and $36 million were recorded, respectively, to recognize undistributed deferred compensation due to employees.

401(k) Plan, Registered Retirement Savings Plan and ITP Plan

We have a 401(k) plan covering substantially all of our U.S. employees, a Registered Retirement Savings Plan covering substantially all of our Canadian employees, and an ITP pension plan covering substantially all our Swedish employees. These plans may permit us to make discretionary contributions to employees’ accounts based on our financial performance. We contributed an aggregate of $47 million, $35 million, and $39 million to these plans in fiscal years 2026, 2025, and 2024, respectively.

Stock Repurchase Program

In August 2022, our Board of Directors authorized a program to repurchase up to $2.6 billion of our common stock. This program was terminated on May 8, 2024.

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In May 2024, the Company’s Audit Committee, upon delegation from the Company’s Board of Directors, authorized a program to repurchase up to $5.0 billion of our common stock. This program superseded and replaced the August 2022 program and expires on May 9, 2027. Under this program, we may purchase stock in the open market or through privately negotiated transactions in accordance with applicable securities laws, including pursuant to pre-arranged stock trading plans. The timing and actual amount of the stock repurchases will depend on several factors including price, capital availability, regulatory requirements, alternative investment opportunities and other market conditions. We are not obligated to repurchase a specific number of shares of our common stock under this program and it may be modified, suspended or discontinued at any time. During the second quarter of fiscal year 2026, we suspended repurchase activity under this program in contemplation of the Merger detailed in Note 1 — Description of Business and Basis of Presentation.

The following table summarizes total shares repurchased during fiscal years 2026, 2025, and 2024:

	August 2022 Program		May 2024 Program			Total
(In millions)		Shares	Amount(a)		Shares	Amount(a)		Shares	Amount
Fiscal Year 2024		10.0	$	1,300	—	$	—	10.0	$	1,300
Fiscal Year 2025		1.2	$	152	16.4	2,348		17.6	$	2,500
Fiscal Year 2026		—	$	—	5.3	$	750	5.3	$	750
(a)Amount excludes excise taxes. Accrued excise taxes are included in accounts payable, accrued, and other current liabilities and additional paid-in capital on the Consolidated Balance Sheets.

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(15) INTEREST AND OTHER INCOME (EXPENSE), NET

Interest and other income (expense), net, for the fiscal years ended March 31, 2026, 2025, and 2024 consisted of (in millions):

	Year Ended March 31,
	2026		2025		2024
Interest expense	$	(53)	$	(58)	$	(58)
Interest income	70		125		126
Net gain (loss) on foreign currency transactions	13		(29)		(10)
Net gain (loss) on foreign currency forward contracts	(10)		45		12
Other income (expense), net	(2)		2		1
Interest and other income (expense), net	$	18	$	85	$	71

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(16) EARNINGS PER SHARE

	Year Ended March 31,
(In millions, except per share amounts)	2026		2025		2024
Net income	$	887	$	1,121	$	1,273
Shares used to compute earnings per share:
Weighted-average common stock outstanding — basic	250		262		270
Dilutive potential common shares related to stock award plans	3		2		2
Weighted-average common stock outstanding — diluted	253		264		272
Earnings per share:
Basic	$	3.55	$	4.28	$	4.71
Diluted	$	3.51	$	4.25	$	4.68

Certain restricted stock units, market-based restricted stock units and performance-based restricted stock units were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect. For the fiscal years ended March 31, 2026, 2025 and 2024, one million such shares were excluded.

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(17) SEGMENT AND REVENUE INFORMATION

Our reporting segment is based upon: our internal organizational structure; the manner in which our operations are managed; the criteria used by our Chief Executive Officer, our Chief Operating Decision Maker (“CODM”), to evaluate segment performance; the availability of separate financial information; and overall materiality considerations. As of March 31, 2026, we have one reportable segment, which represents our only operating segment. Our CODM makes decisions on resource allocation and assesses performance of the business based on our consolidated results, including net income.

The measure of segment assets are reported on the Consolidated Balance Sheets as total assets.

Information about our single reportable segment net revenue, net income, and significant segment expenses for the fiscal years ended March 31, 2026, 2025, and 2024 is presented below (in millions):

	Year Ended March 31,
	2026		2025		2024
Net revenue	$	7,531	$	7,463	$	7,562
Less:
Cost of revenue (1)	1,536		1,489		1,626
Research and development (1)	2,361		2,112		2,002
Marketing and sales (1)	1,071		906		967
General and administrative (1)	614		625		583
Acquisition-related expenses (2)	131		107		218
Restructuring and related charges	—		62		64
Stock-based compensation	656		642		584
Interest and other (income) expenses, net	(18)		(85)		(71)
Provision for income taxes	293		484		316
Net income	$	887	$	1,121	$	1,273
(1) Excludes amounts related to acquisition-related expenses, restructuring and related charges, and stock-based compensation, which are presented separately in the table above. (2) Includes (i) amortization and impairment of intangibles, and (ii) fees and other direct expenses related to the Merger described in Note 1, which are recorded within General and administrative expenses in the Consolidated Statements of Operations.

	Year Ended March 31,
	2026		2025		2024
Net revenue by timing of recognition
Revenue recognized at a point in time	$	2,473	$	2,665	$	2,563
Revenue recognized over time	5,058		4,798		4,999
Net revenue	$	7,531	$	7,463	$	7,562

Generally, performance obligations that are recognized upfront upon transfer of control are classified as revenue recognized at a point in time, while performance obligations that are recognized over either the Estimated Offering Period, contractual term or subscription period as the services are provided are classified as revenue recognized over time.

Revenue recognized at a point in time includes revenue allocated to the software license performance obligation. This also includes a portion of revenue from the licensing of software to third-parties.

Revenue recognized over time includes service revenue allocated to the future update rights and the online hosting performance obligations. This also includes sales of extra content associated with our online-hosted services such as our Ultimate Team game mode, revenue allocated to the future update rights from licensing of software to third-parties, subscription services, and revenue recognized from third parties that publish games and services under a license to certain of our intellectual property assets.

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	Year Ended March 31,
	2026		2025		2024
Net revenue by composition
Full game downloads	$	1,708	$	1,478	$	1,343
Packaged goods	440		524		672
Full game	2,148		2,002		2,015
Live services and other	5,383		5,461		5,547
Net revenue	$	7,531	$	7,463	$	7,562

Live services and other net revenue primarily includes revenue from sales of extra content for console, PC, and mobile games, certain licensing revenue, subscriptions, and advertising.

	Year Ended March 31,
	2026		2025		2024
Platform net revenue
Console	$	4,694	$	4,776	$	4,632
PC and other	1,746		1,547		1,717
Mobile	1,091		1,140		1,213
Net revenue	$	7,531	$	7,463	$	7,562

	Year Ended March 31,
	2026		2025		2024
Net revenue from unaffiliated customers
North America	$	3,034	$	3,078	$	3,001
International	4,497		4,385		4,561
Net revenue	$	7,531	$	7,463	$	7,562

	As of March 31,
	2026		2025
Long-lived assets
North America	$	463	$	438
International	150		148
Total	$	613	$	586

We attribute net revenue from external customers to individual countries based on the location of the legal entity that sells the products and/or services. Note that revenue attributed to the legal entity that makes the sale is often not the country where the consumer resides. For example, revenue generated by our Swiss legal entity includes digital revenue from consumers who reside outside of Switzerland, including consumers who reside outside of Europe. Revenue generated by our Swiss legal entity during fiscal years 2026, 2025, and 2024 represents $4,407 million, $4,279 million and $4,374 million or 59 percent, 57 percent and 58 percent of our total net revenue, respectively. Revenue generated in the United States represents over 99 percent of our total North America net revenue. There were no other countries with net revenue greater than 10 percent.

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In fiscal year 2026, our direct sales to Sony and Microsoft represented approximately 39 percent and 16 percent of total net revenue, respectively. In fiscal year 2025, our direct sales to Sony and Microsoft represented approximately 39 percent and 17 percent of total net revenue, respectively. In fiscal year 2024, our direct sales to Sony and Microsoft represented approximately 37 percent and 16 percent of total net revenue, respectively.

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Report of Independent Registered Public Accounting Firm

To the Stockholders and Board of Directors

Electronic Arts Inc.:

Opinions on the Consolidated Financial Statements and Internal Control Over Financial Reporting

We have audited the accompanying consolidated balance sheets of Electronic Arts Inc. and subsidiaries (the Company) as of March 28, 2026 and March 29, 2025, the related consolidated statements of operations, comprehensive income, stockholders’ equity, and cash flows for each of the fiscal years in the three-year period ended March 28, 2026, and the related notes (collectively, the consolidated financial statements). We also have audited the Company’s internal control over financial reporting as of March 28, 2026, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of March 28, 2026 and March 29, 2025, and the results of its operations and its cash flows for each of the fiscal years in the three-year period ended March 28, 2026, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of March 28, 2026 based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Basis for Opinions

The Company’s management is responsible for these consolidated financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management's Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company’s consolidated financial statements and an opinion on the Company’s internal control over financial reporting based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects.

Our audits of the consolidated financial statements included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.

Definition and Limitations of Internal Control Over Financial Reporting

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

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Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of a critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

Assessment of the estimated offering period

As discussed in Note 2 to the consolidated financial statements, revenue for transactions that include future update rights and/or online hosting performance obligations are subject to deferral and recognized over the Estimated Offering Period. Determining the Estimated Offering Period is inherently subjective because it is not an explicitly defined period. The Company’s determination of the Estimated Offering Period considers the following factors:

•the average period of time customers are online

•for physical games sold at retail, the period of time between the date a game unit is sold to a reseller and the date the reseller sells the game unit to the customer

•known and expected online gameplay trends

•disclosed service periods for competitors’ games.

The Company reported net revenue of $7,531 million for the year-ended March 28, 2026 and deferred net revenue of $2,415 million as of March 28, 2026.

We identified the assessment of the Estimated Offering Period as a critical audit matter. A high degree of audit effort and subjective and complex auditor judgment was required to evaluate the sufficiency of audit evidence obtained over the Estimated Offering Period, including whether historical experience and other qualitative factors, such as those described above, are indicative of the time period during which the Company’s games and extra content are played by its customers.

The following are the primary procedures we performed to address this critical audit matter. We evaluated the design and tested the operating effectiveness of certain internal controls over the Company’s process to determine the Estimated Offering Period, including controls over the factors noted above and the Company’s review of the Estimated Offering Period concluded for use in recognizing revenue. We evaluated the model the Company used to develop the Estimated Offering Period against the accounting requirements and for potential management bias. We computed the average period of time customers are online as well as the period of time between the date a game unit is sold to a reseller and the date the reseller sells the game unit to the customer by using the Company’s internal data. We compared the results of these computations against the periods used by the Company in its Estimated Offering Period model. We obtained disclosed service periods for competitors’ games and compared them against the data used by the Company. We compared known and expected online gameplay trends used in the determination of the Estimated Offering Period to historical Company information and publicly available industry information. We performed a sensitivity analysis over the Company’s Estimated Offering Period to assess the impact of potential changes in the Estimated Offering Period on revenue. We assessed the sufficiency of evidence obtained related to the Estimated Offering Period by evaluating the results of the procedures performed.

/s/ KPMG LLP

We have served as the Company’s auditor since 1987.

Santa Clara, California

May 11, 2026

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Item 9: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Not applicable.

Item 9A: Controls and Procedures

Definition and Limitations of Disclosure Controls

Our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act, such as this report, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures are also designed to ensure that such information is accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Our management evaluates these controls and procedures on an ongoing basis.

There are inherent limitations to the effectiveness of any system of disclosure controls and procedures. These limitations include the possibility of human error, the circumvention or overriding of the controls and procedures and reasonable resource constraints. In addition, because we have designed our system of controls based on certain assumptions, which we believe are reasonable, about the likelihood of future events, our system of controls may not achieve its desired purpose under all possible future conditions. Accordingly, our disclosure controls and procedures provide reasonable assurance, but not absolute assurance, of achieving their objectives.

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and our Chief Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures, believe that as of the end of the period covered by this report, our disclosure controls and procedures were effective in providing the requisite reasonable assurance that material information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding the required disclosure.

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act.

Our internal control over financial reporting is designed to provide reasonable, but not absolute, assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with generally accepted accounting principles. There are inherent limitations to the effectiveness of any system of internal control over financial reporting. These limitations include the possibility of human error, the circumvention or overriding of the system and reasonable resource constraints. Because of its inherent limitations, our internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with our policies or procedures may deteriorate.

Our management assessed the effectiveness of our internal control over financial reporting as of the end of our most recently completed fiscal year. In making its assessment, management used the criteria set forth in Internal Control-Integrated Framework (2013), issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this assessment, our management has concluded that, as of the end of our most recently completed fiscal year, our internal control over financial reporting was effective and provided a reasonable level of assurance.

KPMG LLP, our independent registered public accounting firm, has issued an auditors’ report on the effectiveness of our internal control over financial reporting. That report appears on Page 80.

Changes in Internal Control over Financial Reporting

There has been no change in our internal controls over financial reporting identified in connection with our evaluation that occurred during the fiscal quarter ended March 31, 2026 that has materially affected or is reasonably likely to materially affect our internal control over financial reporting.

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Item 9B: Other Information

Rule 10b5-1 Plans

During the three months ended March 31, 2026, none of our directors or executive officers adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K.

Item 9C: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Not Applicable.

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PART III

Item 10: Directors, Executive Officers and Corporate Governance

The information required by Item 10, other than the information regarding executive officers, which is included in Part I, Item 1 of this report, is incorporated herein by reference to the information to be included in our 2026 Proxy under the headings “Proxy Highlights”, “Board of Directors and Corporate Governance,” “Insider Trading, Anti-Hedging and Anti-Pledging Policies” and, as applicable, “Delinquent Section 16(a) Reports.”

Item 11: Executive Compensation

The information required by Item 11 is incorporated herein by reference to the information to be included in the 2026 Proxy under the headings “Director Compensation”, “Compensation Discussion & Analysis” and “Compensation Committee Interlocks and Insider Participation.”

Item 12: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The information required by Item 12 is incorporated herein by reference to the information to be included in the 2026 Proxy under the headings “Executive Compensation Tables” and “Security Ownership of Certain Beneficial Owners and Management.”

Item 13: Certain Relationships and Related Transactions, and Director Independence

The information required by Item 13 is incorporated herein by reference to the information to be included in the 2026 Proxy under the headings “Director Independence”, “Related Persons Transaction Policy”, and, as applicable, “Related Person Transactions.”

Item 14: Principal Accountant Fees and Services

The information required by Item 14 is incorporated herein by reference to the information to be included in Proposal 3 of the 2026 Proxy and under the heading “Audit Matters.”

PART IV

Item 15:

Exhibits and Financial Statements

(a) Documents filed as part of this report

1. Financial Statements and Schedules: ~~See~~No ~~Index~~financial statement toor ~~Consolidated~~supplemental ~~Financial~~data ~~Statements~~are ~~under~~filed ~~Item 8~~with onthis ~~Page~~Amendment. 34See the Index to Financial Statements of ~~this~~the ~~report~~Original Report.

2. ~~Financial Statement Schedules~~Exhibits: The Financial Statement Schedules have been omitted because they are not applicable or are not required or are not present in material amounts or the information required to be set forth herein is included in the Consolidated Financial Statements or Notes thereto.

~~3. Exhibits:~~EXHIBIT ~~The exhibits listed in the accompanying index to exhibits on Page 85 are filed or incorporated by reference as part of this report.~~INDEX

Item 16: Form 10-K Summary

		Incorporated by Reference
Number	Exhibit Title	Form	File No.	Filing Date	Filed Herewith

31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002				X

31.2	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002				X


101.INS	XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.				X

101.SCH	Inline XBRL Taxonomy Extension Schema Document				X

101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document				X

101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document				X

101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document				X

101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document				X

104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)				X

~~None.~~44

84SIGNATURE

~~Table~~Pursuant to the requirements of ~~Contents~~the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

ELECTRONIC ARTS INC.

		ELECTRONIC ARTS INC.
		(Registrant)

		/s/ Stuart Canfield
DATED:		Stuart Canfield
July 28, 2026		EVP and Chief Financial Officer (Duly Authorized Officer)

~~2026 FORM 10-K ANNUAL REPORT~~45

Incorporated by Reference

FiledHerewith

Number

Exhibit Title

Form

File No.

Filing Date

2.01

Agreement and Plan of Merger, by and among Electronic Arts Inc., Oak-Eagle AcquireCo, Inc. and Oak-Eagle MergerCo, Inc., dated as of September 28, 2025

8-K

000-17948

9/29/2025

3.01

Amended and Restated Certificate of Incorporation

8-K

000-17948

8/13/2021

3.02

Certificate of Amendment to Amended and Restated Certificate of Incorporation

8-K

000-17948

8/15/2022

3.03

Amended and Restated Bylaws

8-K

000-17948

8/15/2022

4.01

Specimen Certificate of Registrant’s Common Stock

10-Q

000-17948

2/6/2018

4.02

Description of Securities

10-K

000-17948

5/22/2024

4.03

Indenture, dated as of February 24, 2016 by and between Electronic Arts Inc. and U.S. Bank National Association, as Trustee

8-K

000-17948

2/24/2016

4.05

Second Supplemental Indenture, dated as of February 11, 2021, between Electronic Arts Inc. and U.S. Bank National Association, as Trustee

8-K

000-17948

2/11/2021

10.01*

Form of Indemnity Agreement with Directors

10-K

000-17948

6/4/2004

10.02*

Electronic Arts Inc. Executive Bonus Plan

10-Q

000-17948

8/2/2024

10.03*

Electronic Arts Inc. Amended and Restated Change in Control Severance Plan

8-K

000-17948

8/15/2025

10.04*

Electronic Arts Inc. Deferred Compensation Plan

10-K

000-17948

5/22/2024

10.05*

EA Bonus Plan

8-K

000-17948

5/18/2018

10.06*

Form of Performance-Based Restricted Stock Unit Agreement

10-K

000-17948

5/24/2023

10.07*

Form of Performance-Based Restricted Stock Unit Agreement

8-K

000-17948

5/16/2024

10.08*

2000 Equity Incentive Plan, as amended, and related documents

8-K

000-17948

8/1/2016

10.09*

2000 Employee Stock Purchase Plan, as amended

10-Q

000-17948

2/8/2022

10.10*

Form of Restricted Stock Unit Agreement

10-K

000-17948

5/22/2024

10.11*

Form of Restricted Stock Unit Agreement For Non-Employee Directors

10-K

000-17948

5/24/2023

10.12*

Amended and Restated 2019 Equity Incentive Plan

8-K

000-17948

8/5/2024

Filing Compare · ELECTRONIC ARTS INC.