Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $27.7B | $34.2B | $37.2B | $38.8B | $41.3B |
| YoY | — | +23.5% | +8.8% | +4.3% | +6.4% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $10.7B | $9.6B | $10.5B | $12.9B | $13.8B |
| YoY | — | -10.3% | +9.7% | +22.7% | +7.0% |
| Income tax | $2.6B | $2.1B | $2.1B | $2.8B | $3.0B |
| YoY | — | -21.2% | +3.3% | +29.3% | +7.1% |
| Net income | $8.1B | $7.5B | $8.4B | $10.1B | $10.8B |
| YoY | — | -6.8% | +11.4% | +21.0% | +7.0% |
| EPS — basic | $10.04 | $9.86 | $11.23 | $14.04 | $15.41 |
| YoY | — | -1.8% | +13.9% | +25.0% | +9.8% |
| EPS — diluted | $10.02 | $9.85 | $11.21 | $14.01 | $15.38 |
| YoY | — | -1.7% | +13.8% | +25.0% | +9.8% |
| Weighted shares — basic | 789.0M | 751.0M | 735.0M | 712.0M | 695.0M |
| Weighted shares — diluted | 790.0M | 752.0M | 736.0M | 713.0M | 696.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total assets | $189.0B | $228.4B | $261.1B | $271.5B | $300.1B |
| YoY | — | +20.8% | +14.3% | +4.0% | +10.5% |
| Total current liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total liabilities | $166.4B | $203.6B | $233.1B | $241.2B | $266.6B |
| YoY | — | +22.4% | +14.4% | +3.5% | +10.5% |
| Total equity | $22.2B | $24.7B | $28.1B | $30.3B | $33.5B |
| YoY | — | +11.4% | +13.5% | +7.9% | +10.6% |
| Shares outstanding | 761.0M | 743.0M | 723.0M | 702.0M | 686.0M |
| YoY | — | -2.4% | -2.7% | -2.9% | -2.3% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $14.6B | $21.1B | $18.6B | $14.1B | $18.4B |
| YoY | — | +43.9% | -12.0% | -24.3% | +31.2% |
| Capital expenditures | $1.6B | $1.9B | $1.6B | $1.9B | $2.4B |
| YoY | — | +19.7% | -15.7% | +22.3% | +26.9% |
| Free cash flow | $13.1B | $19.2B | $17.0B | $12.1B | $16.0B |
| YoY | — | +46.8% | -11.6% | -28.6% | +31.8% |
| Dividends paid | $1.4B | $1.6B | $1.8B | $2.0B | $2.3B |
| YoY | — | +8.1% | +13.7% | +12.3% | +13.6% |
| Share repurchases | $7.7B | $3.5B | $3.6B | $6.0B | $5.8B |
| YoY | — | -54.2% | +4.2% | +64.9% | -3.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 29.1% | 22.0% | 22.5% | 26.1% | 26.2% |
| Free cash flow margin | 47.2% | 56.2% | 45.7% | 31.3% | 38.7% |
| Effective tax rate | 24.6% | 21.6% | 20.3% | 21.5% | 21.5% |
| Current ratio | — | — | — | — | — |
| Total liabilities / equity | 7.50x | 8.24x | 8.31x | 7.97x | 7.96x |
Peer comparison — latest full year
Same sector (Financials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| AXP FY25 · this stock | $41.3B | +6.4% | — | — | 26.2% | 38.7% |
| JPM FY25 | $182.4B | +2.8% | — | — | 31.3% | — |
| BAC FY25 | $113.1B | +6.8% | — | — | 27.0% | — |
| PGR FY25 | $87.7B | +16.3% | — | — | 12.9% | 19.6% |
| C FY25 | $85.2B | +5.6% | — | — | 16.8% | -87.0% |
| WFC FY25 | $83.7B | +1.7% | — | — | 25.5% | — |
| MS FY25 | $70.6B | +14.4% | — | — | 23.9% | — |
| CB FY25 | $59.4B | +6.5% | — | — | 17.4% | — |
| GS FY25 | $58.3B | +8.9% | — | — | 29.5% | -81.0% |
| V FY25 | $40.0B | +11.3% | — | 60.0% | 50.1% | — |
| USB FY25 | $28.7B | +4.4% | — | — | 26.4% | — |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.