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 | $1.5B | $1.6B | $1.7B | $1.5B | $1.6B | $1.9B | $1.7B | $1.7B |
| YoY | — | — | — | — | +8.1% | +14.5% | +0.8% | +13.0% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $947.1M | $1.1B | $1.1B | $972.6M | $1.0B | $1.3B | $1.1B | $1.1B |
| YoY | — | — | — | — | +7.7% | +18.2% | -2.0% | +17.4% |
| Pretax income | $1.1B | $1.2B | $1.3B | $1.2B | $1.6B | $1.5B | $1.3B | $1.4B |
| YoY | — | — | — | — | +43.9% | +21.4% | -0.2% | +15.1% |
| Income tax | $222.0M | $288.6M | $305.2M | $269.0M | $395.5M | $356.6M | $285.9M | $317.9M |
| YoY | — | — | — | — | +78.2% | +23.6% | -6.3% | +18.2% |
| Net income | — | — | $1.0B | $908.0M | $1.2B | — | $1.0B | $1.0B |
| YoY | — | — | — | — | — | — | +1.6% | +14.2% |
| EPS — basic | — | $2.63 | $2.81 | $2.49 | — | $3.25 | $2.89 | $2.90 |
| YoY | — | — | — | — | — | +23.6% | +2.8% | +16.5% |
| EPS — diluted | — | $2.62 | $2.81 | $2.49 | — | $3.18 | $2.88 | $2.89 |
| YoY | — | — | — | — | — | +21.4% | +2.5% | +16.1% |
| Weighted shares — basic | — | 359.6M | 359.7M | 359.7M | — | 359.3M | 360.7M | 358.0M |
| Weighted shares — diluted | — | 360.2M | 360.4M | 360.4M | — | 363.2M | 361.3M | 358.6M |
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 | $2.9B | $1.4B | $2.0B | $2.4B | $4.4B | $2.4B | $2.1B | $2.2B |
| YoY | — | — | — | — | +52.7% | +70.2% | +8.2% | -10.1% |
| Marketable securities (current) | $113.2M | $113.9M | $117.6M | $123.2M | $125.0M | $124.2M | $131.4M | $131.0M |
| YoY | — | — | — | — | +10.4% | +9.0% | +11.7% | +6.3% |
| Accounts receivable | $573.1M | $770.2M | $667.6M | $642.9M | $639.2M | $935.5M | $753.1M | $788.1M |
| YoY | — | — | — | — | +11.5% | +21.5% | +12.8% | +22.6% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $103.0B | $123.4B | $145.5B | $152.8B | $165.4B | $169.0B | $161.6B | $159.1B |
| YoY | — | — | — | — | +60.5% | +36.9% | +11.1% | +4.1% |
| Total assets | $137.4B | $157.8B | $179.9B | $187.1B | $198.4B | $202.0B | $194.7B | $192.1B |
| YoY | — | — | — | — | +44.4% | +28.0% | +8.2% | +2.6% |
| Total current liabilities | $102.3B | $121.4B | $142.8B | $149.6B | $160.3B | $166.0B | $158.7B | $156.1B |
| YoY | — | — | — | — | +56.7% | +36.7% | +11.2% | +4.4% |
| Total liabilities | $111.0B | $130.8B | $152.2B | $159.0B | $169.7B | $175.4B | $168.2B | $165.5B |
| YoY | — | — | — | — | +52.9% | +34.1% | +10.5% | +4.1% |
| Total equity | $26.5B | $27.0B | $27.7B | $28.2B | $28.7B | $26.6B | $26.5B | $26.6B |
| YoY | — | — | — | — | +8.5% | -1.5% | -4.4% | -5.8% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | $1.0B | $1.1B | $1.1B | $968.1M | $1.1B | $1.3B | $947.1M | $1.1B |
| YoY | — | — | — | — | +11.4% | +12.8% | -10.5% | +12.2% |
| Capital expenditures | $26.2M | $14.2M | $18.4M | $18.4M | $32.5M | $21.8M | $23.6M | $15.8M |
| YoY | — | — | — | — | +24.0% | +53.5% | +28.3% | -14.1% |
| Free cash flow | $991.7M | $1.1B | $1.0B | $949.7M | $1.1B | $1.2B | $923.5M | $1.1B |
| YoY | — | — | — | — | +11.1% | +12.3% | -11.2% | +12.7% |
| Dividends paid | $418.8M | $2.6B | $455.3M | $455.3M | $455.0M | $2.7B | $468.1M | $464.8M |
| YoY | — | — | — | — | +8.6% | +5.1% | +2.8% | +2.1% |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | 62.1% | 67.5% | 66.7% | 63.3% | 61.8% | 69.7% | 64.9% | 65.7% |
| Net margin | — | — | 60.6% | 59.1% | 71.7% | — | 61.1% | 59.7% |
| Free cash flow margin | 65.0% | 67.1% | 61.5% | 61.8% | 66.8% | 65.9% | 54.1% | 61.6% |
| Effective tax rate | 20.2% | 23.2% | 22.9% | 22.9% | 25.1% | 23.6% | 21.5% | 23.5% |
| Current ratio | 1.01x | 1.02x | 1.02x | 1.02x | 1.03x | 1.02x | 1.02x | 1.02x |
| Total liabilities / equity | 4.19x | 4.84x | 5.49x | 5.64x | 5.91x | 6.59x | 6.34x | 6.23x |
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 |
|---|---|---|---|---|---|---|
| CME FY25 · this stock | $6.5B | +6.4% | — | 64.9% | 62.5% | 64.3% |
| 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.