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 | $12.7B | $13.9B | $15.1B | $14.6B | $15.2B | $13.5B | $17.2B | $20.3B |
| YoY | — | — | — | — | +19.6% | -3.0% | +14.4% | +39.5% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $4.0B | $5.3B | $5.6B | $5.0B | $5.4B | $5.9B | $6.5B | $8.6B |
| YoY | — | — | — | — | +35.2% | +11.4% | +14.9% | +72.7% |
| Income tax | $997.0M | $1.1B | $909.0M | $1.2B | $1.3B | $1.2B | $856.0M | $1.9B |
| YoY | — | — | — | — | +29.8% | +8.0% | -5.8% | +56.7% |
| Net income | $3.0B | $4.1B | $4.7B | $3.7B | $4.1B | $4.6B | $5.6B | $6.6B |
| YoY | — | — | — | — | +37.1% | +12.3% | +18.8% | +78.0% |
| EPS — basic | $8.52 | — | $14.25 | $11.03 | $12.42 | — | $17.74 | — |
| YoY | — | — | — | — | +45.8% | — | +24.5% | — |
| EPS — diluted | $8.40 | — | $14.12 | $10.91 | $12.25 | — | $17.55 | $20.98 |
| YoY | — | — | — | — | +45.8% | — | +24.3% | +92.3% |
| Weighted shares — basic | 324.8M | — | 320.8M | 313.7M | 309.6M | — | 303.8M | 300.1M |
| Weighted shares — diluted | 330.8M | — | 324.5M | 318.3M | 315.0M | — | 308.0M | 304.9M |
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 | $154.7B | $182.1B | $167.4B | $153.0B | $169.6B | $164.3B | $179.5B | $187.3B |
| YoY | — | — | — | — | +9.6% | -9.8% | +7.2% | +22.4% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total assets | $1,728.1B | $1,676.0B | $1,766.2B | $1,785.0B | $1,808.0B | $1,809.3B | $2,060.2B | $2,127.7B |
| YoY | — | — | — | — | +4.6% | +8.0% | +16.6% | +19.2% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $1,606.9B | $1,554.0B | $1,641.9B | $1,660.9B | $1,683.6B | $1,684.3B | $1,937.4B | $2,005.0B |
| YoY | — | — | — | — | +4.8% | +8.4% | +18.0% | +20.7% |
| Total equity | $121.2B | $122.0B | $124.3B | $124.1B | $124.4B | $125.0B | $122.8B | $122.7B |
| YoY | — | — | — | — | +2.6% | +2.4% | -1.2% | -1.1% |
| Shares outstanding | 314.2M | 310.7M | 307.6M | 302.9M | 300.1M | 296.5M | 294.6M | 291.4M |
| YoY | — | — | — | — | -4.5% | -4.6% | -4.2% | -3.8% |
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 | $-38.1B | $46.8B | $-37.2B | $5.7B | $2.7B | $-16.3B | $-31.9B | $6.1B |
| YoY | — | — | — | — | +107.0% | -134.8% | +14.4% | +7.6% |
| Capital expenditures | $466.0M | $586.0M | $499.0M | $476.0M | $558.0M | $531.0M | $565.0M | $502.0M |
| YoY | — | — | — | — | +19.7% | -9.4% | +13.2% | +5.5% |
| Free cash flow | $-38.5B | $46.2B | $-37.7B | $5.2B | $2.1B | $-16.8B | $-32.4B | $5.6B |
| YoY | — | — | — | — | +105.5% | -136.4% | +14.0% | +7.8% |
| Dividends paid | $1.2B | $1.2B | $1.1B | $1.2B | $1.5B | $1.5B | $1.6B | $1.6B |
| YoY | — | — | — | — | +26.3% | +26.9% | +42.4% | +31.1% |
| Share repurchases | $1.0B | $2.0B | $4.4B | $3.0B | $2.0B | $3.0B | $5.0B | $4.0B |
| YoY | — | — | — | — | +100.0% | +50.0% | +14.7% | +33.3% |
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 | 23.5% | 29.6% | 31.5% | 25.5% | 27.0% | 34.3% | 32.7% | 32.6% |
| Free cash flow margin | -303.4% | 333.0% | -250.5% | 35.6% | 14.0% | -124.9% | -188.3% | 27.5% |
| Effective tax rate | 25.0% | 21.8% | 16.1% | 24.9% | 24.0% | 21.1% | 13.2% | 22.6% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 13.26x | 12.74x | 13.21x | 13.38x | 13.53x | 13.48x | 15.78x | 16.33x |
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 |
|---|---|---|---|---|---|---|
| GS FY25 · this stock | $58.3B | +8.9% | — | — | 29.5% | -81.0% |
| 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% | — |
| 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.