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 | $33.3B | $35.7B | $33.5B | $34.5B | $33.8B | $36.4B | $34.4B | $34.3B |
| YoY | — | — | — | — | +1.5% | +2.0% | +2.9% | -0.7% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $9.7B | $8.2B | $7.9B | $7.8B | $7.8B | $10.4B | $7.6B | $9.0B |
| YoY | — | — | — | — | -20.1% | +26.0% | -3.1% | +15.0% |
| Operating income | $5.9B | $7.4B | $8.0B | $8.2B | $8.1B | $5.0B | $8.2B | $7.2B |
| YoY | — | — | — | — | +36.8% | -32.6% | +3.3% | -12.2% |
| Pretax income | $4.3B | $6.6B | $6.5B | $6.6B | $6.5B | $3.1B | $6.8B | $5.3B |
| YoY | — | — | — | — | +51.7% | -53.4% | +4.8% | -20.2% |
| Income tax | $891.0M | $1.5B | $1.5B | $1.5B | $1.5B | $615.0M | $1.6B | $1.3B |
| YoY | — | — | — | — | +65.1% | -57.7% | +9.9% | -11.0% |
| Net income | $3.3B | $5.0B | $4.9B | $5.0B | $5.0B | $2.3B | $5.0B | $3.8B |
| YoY | — | — | — | — | +49.7% | -53.2% | +3.4% | -23.3% |
| EPS — basic | $0.78 | — | $1.16 | $1.18 | $1.17 | — | $1.20 | $0.92 |
| YoY | — | — | — | — | +50.0% | — | +3.4% | -22.0% |
| EPS — diluted | $0.78 | — | $1.15 | $1.18 | $1.17 | — | $1.20 | $0.92 |
| YoY | — | — | — | — | +50.0% | — | +4.3% | -22.0% |
| Weighted shares — basic | 4.22B | — | 4.22B | 4.22B | 4.23B | — | 4.21B | 4.17B |
| Weighted shares — diluted | 4.22B | — | 4.23B | 4.23B | 4.23B | — | 4.21B | 4.17B |
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 | $5.0B | $4.2B | $2.3B | $3.4B | $7.7B | $19.0B | $8.4B | $1.8B |
| YoY | — | — | — | — | +54.5% | +354.2% | +270.7% | -49.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | $2.5B | $2.2B | $2.2B | $2.1B | $2.7B | $2.4B | $2.3B | $2.0B |
| YoY | — | — | — | — | +7.0% | +8.6% | +5.6% | -4.7% |
| Total current assets | $40.6B | $40.5B | $37.4B | $38.8B | $44.0B | $56.9B | $44.7B | $37.6B |
| YoY | — | — | — | — | +8.3% | +40.5% | +19.7% | -3.3% |
| Total assets | $381.2B | $384.7B | $380.4B | $383.3B | $388.3B | $404.3B | $417.9B | $410.2B |
| YoY | — | — | — | — | +1.9% | +5.1% | +9.9% | +7.0% |
| Total current liabilities | $61.8B | $64.8B | $61.1B | $61.0B | $59.6B | $62.4B | $69.9B | $62.2B |
| YoY | — | — | — | — | -3.6% | -3.7% | +14.4% | +2.1% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| 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 | $9.9B | $10.4B | $7.8B | $9.0B | $11.3B | $9.1B | $8.0B | $10.4B |
| YoY | — | — | — | — | +13.7% | -12.6% | +2.6% | +16.3% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $2.8B | $2.9B | $2.9B | $2.9B | $2.9B | $2.9B | $2.9B | $3.0B |
| YoY | — | — | — | — | +2.0% | +2.2% | +1.9% | +3.4% |
| Share repurchases | — | — | $0 | $0 | — | — | $2.5B | $2.5B |
| 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 | 17.8% | 20.8% | 23.8% | 23.7% | 24.0% | 13.8% | 23.9% | 21.0% |
| Net margin | 9.9% | 14.0% | 14.6% | 14.5% | 14.6% | 6.4% | 14.6% | 11.2% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 20.7% | 22.1% | 23.0% | 22.5% | 22.5% | 20.1% | 24.1% | 25.1% |
| Current ratio | 0.66x | 0.63x | 0.61x | 0.64x | 0.74x | 0.91x | 0.64x | 0.60x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| VZ FY25 · this stock | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
| FOXA FY23 | $14.9B | +6.7% | — | — | — | 9.7% |
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.