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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.0B | $9.6B | $10.3B | $10.4B | $10.9B | $10.5B | $11.2B | $11.2B |
| YoY | — | — | — | — | +9.9% | +9.3% | +8.6% | +7.8% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $2.8B | $3.3B | $3.5B | $3.8B | $3.1B | $3.8B | $4.1B | $4.5B |
| YoY | — | — | — | — | +12.1% | +13.5% | +14.7% | +18.5% |
| Income tax | $586.0M | $746.0M | $665.0M | $923.0M | $628.0M | $807.0M | $961.0M | $819.0M |
| YoY | — | — | — | — | +7.2% | +8.2% | +44.5% | -11.3% |
| Net income | $2.2B | $2.6B | $2.9B | $2.9B | $2.5B | $3.0B | $3.1B | $3.7B |
| YoY | — | — | — | — | +13.5% | +15.0% | +7.8% | +27.9% |
| EPS — basic | — | $3.64 | $4.08 | $4.14 | — | $4.29 | $4.54 | $5.43 |
| YoY | — | — | — | — | — | +17.9% | +11.3% | +31.2% |
| EPS — diluted | — | $3.64 | $4.08 | $4.14 | — | $4.28 | $4.53 | $5.42 |
| YoY | — | — | — | — | — | +17.6% | +11.0% | +30.9% |
| Weighted shares — basic | — | 701.0M | 698.0M | 692.0M | — | 685.0M | 678.0M | 673.0M |
| Weighted shares — diluted | — | 702.0M | 699.0M | 693.0M | — | 686.0M | 679.0M | 674.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total assets | $271.5B | $282.2B | $295.6B | $297.6B | $300.1B | $308.9B | $308.2B | $310.3B |
| YoY | — | — | — | — | +10.5% | +9.4% | +4.3% | +4.3% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $241.2B | $251.0B | $263.2B | $265.1B | $266.6B | $274.9B | $273.9B | $274.5B |
| YoY | — | — | — | — | +10.5% | +9.5% | +4.1% | +3.5% |
| Total equity | $30.3B | $31.2B | $32.3B | $32.4B | $33.5B | $34.0B | $34.3B | $35.8B |
| YoY | — | — | — | — | +10.6% | +9.0% | +6.1% | +10.4% |
| Shares outstanding | 702.0M | 701.0M | 696.0M | 689.0M | 686.0M | 682.0M | 675.0M | 671.0M |
| YoY | — | — | — | — | -2.3% | -2.7% | -3.0% | -2.6% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.8B | $4.8B | $4.4B | $6.2B | $3.1B | $3.8B | $5.4B | $5.4B |
| YoY | — | — | — | — | -46.9% | -20.2% | +23.1% | -13.6% |
| Capital expenditures | $495.0M | $430.0M | $619.0M | $654.0M | $722.0M | $1.1B | $898.0M | $947.0M |
| YoY | — | — | — | — | +45.9% | +167.2% | +45.1% | +44.8% |
| Free cash flow | $5.3B | $4.3B | $3.7B | $5.6B | $2.3B | $2.7B | $4.5B | $4.4B |
| YoY | — | — | — | — | -55.6% | -38.7% | +19.4% | -20.5% |
| Dividends paid | $510.0M | $509.0M | $593.0M | $586.0M | $583.0M | $583.0M | $665.0M | $668.0M |
| YoY | — | — | — | — | +14.3% | +14.5% | +12.1% | +14.0% |
| Share repurchases | $1.0B | $1.2B | $1.4B | $2.4B | $899.0M | $1.9B | $2.3B | $1.6B |
| YoY | — | — | — | — | -12.8% | +58.2% | +69.9% | -32.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 21.8% | 26.8% | 28.0% | 27.9% | 22.5% | 28.2% | 27.7% | 33.0% |
| Free cash flow margin | 53.1% | 45.0% | 36.3% | 53.6% | 21.4% | 25.2% | 39.9% | 39.5% |
| Effective tax rate | 21.3% | 22.4% | 18.7% | 24.1% | 20.3% | 21.4% | 23.6% | 18.1% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 7.97x | 8.05x | 8.15x | 8.18x | 7.96x | 8.09x | 7.99x | 7.67x |
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.