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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $59.8B | $53.7B | $54.1B | $61.8B | $70.6B |
| YoY | — | -10.2% | +0.9% | +14.1% | +14.4% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $19.7B | $14.1B | $11.8B | $17.6B | $22.0B |
| YoY | — | -28.4% | -16.2% | +49.0% | +24.8% |
| Income tax | $4.5B | $2.9B | $2.6B | $4.1B | $4.9B |
| YoY | — | -36.0% | -11.2% | +57.5% | +21.2% |
| Net income | $15.0B | $11.0B | $9.1B | $13.4B | $16.9B |
| YoY | — | -26.6% | -17.6% | +47.4% | +25.9% |
| EPS — basic | $8.16 | $6.23 | $5.24 | $8.04 | $10.32 |
| YoY | — | -23.7% | -15.9% | +53.4% | +28.4% |
| EPS — diluted | $8.03 | $6.15 | $5.18 | $7.95 | $10.21 |
| YoY | — | -23.4% | -15.8% | +53.5% | +28.4% |
| Weighted shares — basic | 1.78B | 1.69B | 1.63B | 1.59B | 1.57B |
| Weighted shares — diluted | 1.81B | 1.71B | 1.65B | 1.61B | 1.59B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $127.7B | $128.1B | $89.2B | $105.4B | $111.7B |
| YoY | — | +0.3% | -30.4% | +18.1% | +6.0% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total assets | $1,188.1B | $1,180.2B | $1,193.7B | $1,215.1B | $1,420.3B |
| YoY | — | -0.7% | +1.1% | +1.8% | +16.9% |
| Total current liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total liabilities | $1,081.5B | $1,079.0B | $1,093.7B | $1,109.6B | $1,307.6B |
| YoY | — | -0.2% | +1.4% | +1.5% | +17.8% |
| Total equity | $105.4B | $100.1B | $99.0B | $104.5B | $111.6B |
| YoY | — | -5.0% | -1.1% | +5.5% | +6.8% |
| Shares outstanding | 1.77B | 1.68B | 1.63B | 1.61B | 1.58B |
| YoY | — | -5.5% | -2.9% | -1.2% | -1.5% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $34.0B | $-6.4B | $-33.5B | $1.4B | $-17.9B |
| YoY | — | -118.8% | -424.2% | +104.1% | -1413.4% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | $4.2B | $5.4B | $5.8B | $6.1B | $6.6B |
| YoY | — | +29.5% | +6.7% | +6.5% | +7.4% |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 25.2% | 20.6% | 16.8% | 21.7% | 23.9% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 23.1% | 20.7% | 21.9% | 23.1% | 22.5% |
| Current ratio | — | — | — | — | — |
| Total liabilities / equity | 10.26x | 10.77x | 11.04x | 10.62x | 11.71x |
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 |
|---|---|---|---|---|---|---|
| MS FY25 · this stock | $70.6B | +14.4% | — | — | 23.9% | — |
| 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% | — |
| 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.