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.
| Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7B | $4.8B | $5.2B | $5.3B | $5.4B | $6.5B | $6.7B | $7.1B |
| YoY | — | — | — | +11.6% | +12.9% | +25.2% | +27.0% | +30.6% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.7B | $1.8B | $2.0B | $1.7B | $1.7B | $2.0B | $2.8B | $2.5B |
| YoY | — | — | — | +0.3% | -3.8% | -2.5% | +65.7% | +42.2% |
| Pretax income | $1.9B | $2.0B | $2.3B | $1.8B | $2.3B | $2.0B | $2.8B | $2.7B |
| YoY | — | — | — | -7.8% | +11.8% | -11.8% | +61.2% | +20.7% |
| Income tax | $290.0M | $477.0M | $574.0M | $248.0M | $587.0M | $470.0M | $516.0M | $677.0M |
| YoY | — | — | — | -14.5% | +23.1% | -18.1% | +108.1% | +15.3% |
| Net income | $1.6B | $1.5B | $1.6B | $1.5B | $1.6B | $1.3B | $2.2B | $1.9B |
| YoY | — | — | — | -4.0% | +6.6% | -18.9% | +46.5% | +20.2% |
| EPS — basic | $10.58 | $10.07 | $11.02 | $9.74 | $10.29 | $8.54 | $14.24 | $12.34 |
| YoY | — | — | — | -7.9% | +2.2% | -22.5% | +46.2% | +19.9% |
| EPS — diluted | $10.48 | $9.99 | $10.90 | $9.64 | $10.19 | $8.43 | $14.06 | $12.19 |
| YoY | — | — | — | -8.0% | +2.0% | -22.7% | +45.9% | +19.6% |
| Weighted shares — basic | 148.7M | 148.4M | 148.0M | 155.0M | 154.9M | 154.9M | 155.3M | 155.2M |
| Weighted shares — diluted | 150.1M | 149.7M | 149.6M | 156.6M | 156.3M | 165.2M | 165.0M | 164.6M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | $14.0B | $7.7B | $9.5B | $10.0B | $9.8B | $10.5B |
| YoY | — | — | — | — | — | -28.9% | +27.0% | +10.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total assets | — | — | $132.8B | $141.9B | $146.5B | $162.7B | $170.2B | $175.9B |
| YoY | — | — | — | — | — | +22.5% | +19.9% | +20.1% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | — | — | $89.2B | $91.8B | $94.9B | $100.8B | $106.9B | $111.3B |
| YoY | — | — | — | — | — | +13.0% | +16.5% | +17.4% |
| Total equity | — | — | $41.2B | $48.0B | $49.1B | $55.5B | $56.7B | $57.6B |
| YoY | — | — | — | — | — | +34.8% | +18.0% | +17.2% |
| Shares outstanding | — | — | 148.0M | 155.0M | 154.8M | 155.1M | 155.4M | 155.0M |
| YoY | — | — | — | — | — | +4.8% | +0.3% | +0.1% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $-408.0M | $1.4B | $1.4B | $-1.1B | $1.4B | $1.4B | $-980.0M | $1.2B |
| YoY | — | — | — | -176.5% | -0.1% | +2.4% | +13.1% | -10.0% |
| Capital expenditures | $64.0M | $7.0M | $94.0M | $78.0M | $89.0M | $78.0M | $106.0M | $109.0M |
| YoY | — | — | — | +21.9% | +1171.4% | -17.0% | +35.9% | +22.5% |
| Free cash flow | $-472.0M | $1.4B | $1.3B | $-1.2B | $1.3B | $1.3B | $-1.1B | $1.1B |
| YoY | — | — | — | -155.5% | -6.1% | +3.8% | +10.0% | -12.3% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 35.8% | 37.5% | 38.6% | 32.2% | 31.9% | 30.0% | 42.0% | 34.7% |
| Net margin | 33.3% | 31.1% | 31.4% | 28.6% | 29.4% | 20.3% | 33.0% | 27.0% |
| Free cash flow margin | -10.0% | 28.3% | 24.8% | -22.9% | 23.5% | 20.5% | -16.2% | 15.8% |
| Effective tax rate | 15.2% | 23.7% | 25.3% | 14.1% | 26.1% | 23.5% | 18.2% | 24.9% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | — | — | 2.17x | 1.91x | 1.93x | 1.82x | 1.89x | 1.93x |
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 |
|---|---|---|---|---|---|---|
| BLK FY25 · this stock | — | — | — | — | — | — |
| 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% |
| AXP FY25 | $41.3B | +6.4% | — | — | 26.2% | 38.7% |
| V FY25 | $40.0B | +11.3% | — | 60.0% | 50.1% | — |
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.