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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.3B | $29.3B | $28.2B | $27.4B | $28.1B | $31.2B | $30.3B | $31.6B |
| YoY | — | — | — | — | +10.8% | +6.4% | +7.2% | +15.0% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $7.3B | $11.1B | $9.0B | $8.7B | $9.5B | $12.4B | $10.4B | $11.6B |
| YoY | — | — | — | — | +29.1% | +12.3% | +15.6% | +33.4% |
| Income tax | $428.0M | $4.6B | $1.6B | $1.5B | $987.0M | $4.9B | $1.8B | $2.5B |
| YoY | — | — | — | — | +130.6% | +7.4% | +11.2% | +66.3% |
| Net income | $6.9B | $6.5B | $7.4B | $7.2B | $8.5B | $7.5B | $8.6B | $9.1B |
| YoY | — | — | — | — | +22.8% | +15.7% | +16.6% | +26.6% |
| EPS — basic | $0.82 | — | $0.91 | $0.91 | $1.08 | — | $1.12 | $1.22 |
| YoY | — | — | — | — | +31.7% | — | +23.1% | +34.1% |
| EPS — diluted | $0.81 | — | $0.89 | $0.90 | $1.06 | — | $1.11 | $1.21 |
| YoY | — | — | — | — | +30.9% | — | +24.7% | +34.4% |
| Weighted shares — basic | 7.82B | — | 7.68B | 7.58B | 7.47B | — | 7.26B | 7.15B |
| Weighted shares — diluted | 7.90B | — | 7.77B | 7.65B | 7.63B | — | 7.42B | 7.29B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total assets | $3,324.3B | $3,261.3B | $3,349.0B | $3,440.8B | $3,403.7B | $3,411.7B | $3,496.2B | $3,499.2B |
| YoY | — | — | — | — | +2.4% | +4.6% | +4.4% | +1.7% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $3,027.8B | $2,967.3B | $3,053.8B | $3,141.5B | $3,099.6B | $3,108.5B | $3,195.5B | $3,198.1B |
| YoY | — | — | — | — | +2.4% | +4.8% | +4.6% | +1.8% |
| Total equity | $296.5B | $294.0B | $293.9B | $298.0B | $304.2B | $303.2B | $300.7B | $301.1B |
| YoY | — | — | — | — | +2.6% | +3.2% | +2.3% | +1.0% |
| Shares outstanding | 7.69B | 7.61B | 7.56B | 7.44B | 7.33B | 7.21B | 7.13B | 7.02B |
| YoY | — | — | — | — | -4.7% | -5.2% | -5.7% | -5.6% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $-37.3B | $25.9B | $-2.2B | $-9.1B | $46.9B | $-22.9B | $41.8B | $29.0B |
| YoY | — | — | — | — | +225.7% | -188.5% | +2012.5% | +418.0% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $3.5B | $3.5B | $4.5B | $5.3B | $5.3B | $6.3B | $7.2B | $6.0B |
| YoY | — | — | — | — | +50.0% | +78.5% | +60.1% | +13.3% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 27.2% | 22.2% | 26.1% | 26.1% | 30.2% | 24.1% | 28.4% | 28.8% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 5.8% | 41.3% | 18.2% | 17.3% | 10.4% | 39.5% | 17.5% | 21.5% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 10.21x | 10.09x | 10.39x | 10.54x | 10.19x | 10.25x | 10.63x | 10.62x |
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 |
|---|---|---|---|---|---|---|
| BAC FY25 · this stock | $113.1B | +6.8% | — | — | 27.0% | — |
| JPM FY25 | $182.4B | +2.8% | — | — | 31.3% | — |
| 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% |
| AXP FY25 | $41.3B | +6.4% | — | — | 26.2% | 38.7% |
| 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.