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 | $7.4B | $7.5B | $7.2B | $8.1B | $8.6B | $8.8B | $8.4B | $9.3B |
| YoY | — | — | — | — | +16.7% | +17.6% | +15.8% | +14.1% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $4.0B | $3.9B | $4.1B | $4.8B | $5.1B | $4.9B | $4.9B | $5.6B |
| YoY | — | — | — | — | +26.4% | +24.7% | +18.3% | +17.0% |
| Pretax income | $3.9B | — | $4.0B | $4.7B | $5.0B | — | $4.8B | $5.5B |
| YoY | — | — | — | — | +29.3% | — | +19.4% | +17.4% |
| Income tax | $603.0M | $549.0M | $751.0M | $971.0M | $1.1B | $816.0M | $930.0M | $1.1B |
| YoY | — | — | — | — | +77.8% | +48.6% | +23.8% | +13.1% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $3.54 | — | $3.60 | $4.08 | $4.35 | — | $4.35 | $4.98 |
| YoY | — | — | — | — | +22.9% | — | +20.8% | +22.1% |
| EPS — diluted | $3.53 | — | $3.59 | $4.07 | $4.34 | — | $4.35 | $4.97 |
| YoY | — | — | — | — | +22.9% | — | +21.2% | +22.1% |
| Weighted shares — basic | 923.0M | — | 912.0M | 908.0M | 903.0M | — | 891.0M | 882.0M |
| Weighted shares — diluted | 925.0M | — | 914.0M | 909.0M | 905.0M | — | 893.0M | 883.0M |
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 | $11.1B | $8.4B | $7.6B | $9.0B | $10.3B | $10.6B | $7.9B | $11.3B |
| YoY | — | — | — | — | -6.8% | +25.2% | +4.4% | +25.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $4.0B | $3.8B | $4.0B | $4.2B | $4.2B | $4.6B | $4.7B | $5.0B |
| YoY | — | — | — | — | +5.8% | +22.2% | +19.0% | +20.6% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $22.3B | $19.7B | $19.8B | $22.1B | $23.2B | $23.6B | $22.5B | $26.5B |
| YoY | — | — | — | — | +4.1% | +19.4% | +13.6% | +19.8% |
| Total assets | $47.2B | $48.1B | $48.5B | $51.4B | $53.3B | $54.2B | $52.4B | $57.7B |
| YoY | — | — | — | — | +12.8% | +12.6% | +8.2% | +12.2% |
| Total current liabilities | $17.3B | $19.2B | $17.8B | $19.0B | $20.7B | $22.8B | $22.9B | $25.0B |
| YoY | — | — | — | — | +19.7% | +18.4% | +28.6% | +31.4% |
| Total liabilities | $39.7B | $41.6B | $41.8B | $43.6B | $45.4B | $46.4B | $45.7B | $52.1B |
| YoY | — | — | — | — | +14.2% | +11.7% | +9.5% | +19.6% |
| Total equity | $7.4B | $6.5B | $6.7B | $7.9B | $7.9B | $7.7B | $6.7B | $5.6B |
| YoY | — | — | — | — | +6.2% | +19.3% | +0.7% | -28.5% |
| 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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.1B | $4.8B | $2.4B | $4.6B | $5.7B | $5.0B | $3.0B | $3.8B |
| YoY | — | — | — | — | +10.3% | +3.5% | +26.0% | -18.0% |
| Capital expenditures | $107.0M | $95.0M | $159.0M | $40.0M | $178.0M | $112.0M | $154.0M | $291.0M |
| YoY | — | — | — | — | +66.4% | +17.9% | -3.1% | +627.5% |
| Free cash flow | $5.0B | $4.7B | $2.2B | $4.6B | $5.5B | $4.9B | $2.8B | $3.5B |
| YoY | — | — | — | — | +9.1% | +3.2% | +28.1% | -23.7% |
| Dividends paid | $611.0M | $606.0M | $694.0M | $691.0M | $687.0M | $684.0M | $777.0M | $771.0M |
| YoY | — | — | — | — | +12.4% | +12.9% | +12.0% | +11.6% |
| Share repurchases | $2.9B | $3.4B | $2.5B | $2.3B | $3.3B | $3.6B | $4.0B | $4.9B |
| YoY | — | — | — | — | +13.5% | +5.0% | +58.3% | +114.0% |
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 | 54.3% | 52.6% | 57.2% | 58.7% | 58.8% | 55.8% | 58.4% | 60.2% |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | 68.2% | 63.3% | 30.6% | 56.1% | 63.8% | 55.5% | 33.9% | 37.5% |
| Effective tax rate | 15.6% | — | 18.6% | 20.8% | 21.4% | — | 19.3% | 20.0% |
| Current ratio | 1.29x | 1.03x | 1.11x | 1.16x | 1.12x | 1.03x | 0.98x | 1.06x |
| Total liabilities / equity | 5.34x | 6.41x | 6.26x | 5.55x | 5.74x | 6.00x | 6.81x | 9.28x |
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 |
|---|---|---|---|---|---|---|
| MA FY13 · this stock | $8.3B | +12.9% | — | 54.0% | — | 47.7% |
| 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.