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 | $15.4B | $16.2B | $17.7B | $16.8B | $18.2B | $17.9B | $20.6B | $21.3B |
| YoY | — | — | — | — | +18.5% | +10.3% | +16.0% | +27.1% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $4.2B | $4.9B | $5.5B | $4.6B | $6.0B | $5.8B | $7.0B | $7.3B |
| YoY | — | — | — | — | +42.8% | +17.4% | +26.5% | +59.0% |
| Income tax | $995.0M | $1.2B | $1.2B | $1.0B | $1.4B | $1.3B | $1.4B | $1.7B |
| YoY | — | — | — | — | +38.0% | +13.0% | +17.1% | +61.9% |
| Net income | $3.2B | $3.7B | $4.3B | $3.5B | $4.6B | $4.4B | $5.6B | $5.6B |
| YoY | — | — | — | — | +44.6% | +18.4% | +29.0% | +57.7% |
| EPS — basic | $1.91 | — | $2.62 | $2.15 | $2.83 | — | $3.47 | $3.50 |
| YoY | — | — | — | — | +48.2% | — | +32.4% | +62.8% |
| EPS — diluted | $1.88 | — | $2.60 | $2.13 | $2.80 | — | $3.43 | $3.46 |
| YoY | — | — | — | — | +48.9% | — | +31.9% | +62.4% |
| Weighted shares — basic | 1.59B | — | 1.58B | 1.58B | 1.57B | — | 1.56B | 1.55B |
| Weighted shares — diluted | 1.61B | — | 1.60B | 1.59B | 1.59B | — | 1.58B | 1.57B |
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 | $91.1B | $105.4B | $90.7B | $109.1B | $103.7B | $111.7B | $133.5B | $160.1B |
| YoY | — | — | — | — | +13.9% | +6.0% | +47.2% | +46.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total assets | $1,258.0B | $1,215.1B | $1,300.3B | $1,353.9B | $1,364.8B | $1,420.3B | $1,581.4B | $1,675.1B |
| YoY | — | — | — | — | +8.5% | +16.9% | +21.6% | +23.7% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $1,153.4B | $1,109.6B | $1,192.4B | $1,244.6B | $1,253.8B | $1,307.6B | $1,466.0B | $1,557.6B |
| YoY | — | — | — | — | +8.7% | +17.8% | +22.9% | +25.2% |
| Total equity | $103.6B | $104.5B | $106.8B | $108.2B | $110.0B | $111.6B | $114.3B | $116.3B |
| YoY | — | — | — | — | +6.1% | +6.8% | +7.0% | +7.5% |
| Shares outstanding | 1.61B | 1.61B | 1.61B | 1.60B | 1.59B | 1.58B | 1.58B | 1.57B |
| YoY | — | — | — | — | -1.3% | -1.5% | -1.7% | -1.7% |
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 | $-17.3B | $11.8B | $-24.0B | $11.8B | $-3.3B | $-2.4B | $-7.1B | $-2.7B |
| YoY | — | — | — | — | +80.8% | -120.4% | +70.4% | -123.2% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $1.6B | $1.6B | $1.6B | $1.6B | $1.7B | $1.7B | $1.7B | $1.7B |
| YoY | — | — | — | — | +7.2% | +6.5% | +5.7% | +5.9% |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | 20.7% | 22.9% | 24.3% | 21.1% | 25.3% | 24.6% | 27.1% | 26.1% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 23.6% | 24.1% | 21.2% | 22.7% | 22.8% | 23.2% | 19.6% | 23.1% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 11.13x | 10.62x | 11.16x | 11.50x | 11.40x | 11.71x | 12.83x | 13.39x |
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 |
|---|---|---|---|---|---|---|
| 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.