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 | $42.7B | $42.8B | $45.3B | $44.9B | $46.4B | $45.8B | $49.8B | $57.3B |
| YoY | — | — | — | — | +8.8% | +7.1% | +10.0% | +27.7% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $17.0B | $17.4B | $18.4B | $18.3B | $18.7B | $17.2B | $20.5B | $27.5B |
| YoY | — | — | — | — | +10.4% | -1.2% | +11.3% | +50.5% |
| Income tax | $4.1B | $3.4B | $3.8B | $3.3B | $4.3B | $4.1B | $4.0B | $6.4B |
| YoY | — | — | — | — | +6.6% | +22.7% | +5.8% | +92.9% |
| Net income | $12.9B | $14.0B | $14.6B | $15.0B | $14.4B | $13.0B | $16.5B | $21.2B |
| YoY | — | — | — | — | +11.6% | -7.0% | +12.6% | +41.2% |
| EPS — basic | $4.38 | — | $5.08 | $5.25 | $5.08 | — | $5.95 | $7.71 |
| YoY | — | — | — | — | +16.0% | — | +17.1% | +46.9% |
| EPS — diluted | $4.37 | — | $5.07 | $5.24 | $5.07 | — | $5.94 | $7.70 |
| YoY | — | — | — | — | +16.0% | — | +17.2% | +46.9% |
| Weighted shares — basic | 2.86B | — | 2.82B | 2.79B | 2.76B | — | 2.72B | 2.69B |
| Weighted shares — diluted | 2.87B | — | 2.82B | 2.79B | 2.77B | — | 2.72B | 2.69B |
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 | $4,210.0B | $4,002.8B | $4,357.9B | $4,552.5B | $4,560.2B | $4,424.9B | $4,900.5B | $5,015.1B |
| YoY | — | — | — | — | +8.3% | +10.5% | +12.5% | +10.2% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $3,864.2B | $3,658.1B | $4,006.4B | $4,195.6B | $4,200.0B | $4,062.5B | $4,536.4B | $4,640.5B |
| YoY | — | — | — | — | +8.7% | +11.1% | +13.2% | +10.6% |
| Total equity | $345.8B | $344.8B | $351.4B | $356.9B | $360.2B | $362.4B | $364.0B | $374.6B |
| YoY | — | — | — | — | +4.2% | +5.1% | +3.6% | +5.0% |
| Shares outstanding | — | 2.80B | — | — | — | 2.70B | — | — |
| YoY | — | — | — | — | — | -3.6% | — | — |
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 | $-74.1B | $147.8B | $-251.8B | $29.5B | $-45.2B | $119.7B | $-211.8B | $-25.3B |
| YoY | — | — | — | — | +39.0% | -19.0% | +15.9% | -185.6% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $3.7B | $3.9B | $3.8B | $4.2B | $4.2B | $4.4B | $4.4B | $4.3B |
| YoY | — | — | — | — | +14.4% | +14.5% | +14.4% | +3.3% |
| Share repurchases | $6.4B | $4.3B | $7.5B | $7.5B | $8.3B | $8.3B | $8.3B | $6.8B |
| YoY | — | — | — | — | +30.4% | +92.1% | +10.6% | -9.6% |
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 | 30.2% | 32.7% | 32.3% | 33.4% | 31.0% | 28.4% | 33.1% | 36.9% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 24.0% | 19.4% | 20.5% | 18.0% | 23.2% | 24.1% | 19.5% | 23.1% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 11.17x | 10.61x | 11.40x | 11.75x | 11.66x | 11.21x | 12.46x | 12.39x |
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 |
|---|---|---|---|---|---|---|
| JPM FY25 · this stock | $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% | — |
| 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.