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 | $6.9B | $7.0B | $7.0B | $7.0B | $7.3B | $7.4B | $7.3B | $7.7B |
| YoY | — | — | — | — | +6.8% | +5.1% | +4.7% | +10.1% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $2.1B | $2.1B | $2.2B | $2.3B | $2.5B | $2.5B | $2.4B | $2.7B |
| YoY | — | — | — | — | +22.2% | +20.2% | +12.0% | +18.6% |
| Income tax | $350.0M | $438.0M | $443.0M | $472.0M | $524.0M | $482.0M | $469.0M | $537.0M |
| YoY | — | — | — | — | +49.7% | +10.0% | +5.9% | +13.8% |
| Net income | $1.7B | $1.7B | $1.7B | $1.8B | $2.0B | $2.0B | $1.9B | $2.2B |
| YoY | — | — | — | — | +16.7% | +23.0% | +13.8% | +19.9% |
| EPS — basic | $1.03 | — | $1.03 | $1.11 | $1.22 | — | $1.18 | $1.35 |
| YoY | — | — | — | — | +18.4% | — | +14.6% | +21.6% |
| EPS — diluted | $1.03 | — | $1.03 | $1.11 | $1.22 | — | $1.18 | $1.35 |
| YoY | — | — | — | — | +18.4% | — | +14.6% | +21.6% |
| Weighted shares — basic | 1.56B | — | 1.56B | 1.56B | 1.56B | — | 1.55B | 1.55B |
| Weighted shares — diluted | 1.56B | — | 1.56B | 1.56B | 1.56B | — | 1.55B | 1.55B |
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 | $686.5B | $678.3B | $676.5B | $686.4B | $695.4B | $692.3B | $701.0B | $725.9B |
| YoY | — | — | — | — | +1.3% | +2.1% | +3.6% | +5.8% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $627.1B | $619.3B | $615.9B | $624.5B | $631.6B | $626.7B | $634.8B | $658.0B |
| YoY | — | — | — | — | +0.7% | +1.2% | +3.1% | +5.4% |
| Total equity | $58.9B | $58.6B | $60.1B | $61.4B | $63.3B | $65.2B | $65.8B | $67.4B |
| YoY | — | — | — | — | +7.6% | +11.3% | +9.5% | +9.8% |
| Shares outstanding | — | 1.60B | — | — | — | 1.60B | — | — |
| YoY | — | — | — | — | — | +0.0% | — | — |
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 | $972.0M | $4.8B | $-308.0M | $1.9B | $3.5B | $2.8B | $1.3B | $4.8B |
| YoY | — | — | — | — | +263.1% | -41.4% | +535.1% | +152.0% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $1.0M | $122.0M | $160.0M | $106.0M | $101.0M | $122.0M | $276.0M | $201.0M |
| YoY | — | — | — | — | +10000.0% | +0.0% | +72.5% | +89.6% |
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 | 25.0% | 23.7% | 24.6% | 25.9% | 27.3% | 27.8% | 26.7% | 28.2% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 16.9% | 20.8% | 20.5% | 20.6% | 20.7% | 19.0% | 19.4% | 19.7% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 10.66x | 10.57x | 10.25x | 10.16x | 9.97x | 9.61x | 9.65x | 9.76x |
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 |
|---|---|---|---|---|---|---|
| USB FY25 · this stock | $28.7B | +4.4% | — | — | 26.4% | — |
| 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.