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 | $20.4B | $20.4B | $20.1B | $20.8B | $21.4B | $21.3B | $21.4B | $22.6B |
| YoY | — | — | — | — | +5.3% | +4.5% | +6.4% | +8.6% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $6.2B | $5.4B | $5.3B | $6.4B | $6.9B | $6.5B | $6.0B | $8.0B |
| YoY | — | — | — | — | +10.8% | +21.2% | +12.3% | +25.0% |
| Income tax | $1.1B | $120.0M | $522.0M | $916.0M | $1.3B | $1.1B | $691.0M | $1.4B |
| YoY | — | — | — | — | +22.2% | +819.2% | +32.4% | +53.1% |
| Net income | $5.1B | $5.1B | $4.9B | $5.5B | $5.6B | $5.4B | $5.3B | $6.4B |
| YoY | — | — | — | — | +9.3% | +5.6% | +7.3% | +16.6% |
| EPS — basic | $1.43 | — | $1.41 | $1.61 | $1.68 | — | $1.62 | $2.02 |
| YoY | — | — | — | — | +17.5% | — | +14.9% | +25.5% |
| EPS — diluted | $1.42 | — | $1.39 | $1.60 | $1.66 | — | $1.60 | $2.00 |
| YoY | — | — | — | — | +16.9% | — | +15.1% | +25.0% |
| Weighted shares — basic | 3.38B | — | 3.28B | 3.23B | 3.18B | — | 3.08B | 3.04B |
| Weighted shares — diluted | 3.43B | — | 3.32B | 3.27B | 3.22B | — | 3.12B | 3.07B |
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 | $1,922.1B | $1,929.8B | $1,950.3B | $1,981.3B | $2,062.9B | $2,148.6B | $2,205.8B | $2,282.2B |
| YoY | — | — | — | — | +7.3% | +11.3% | +13.1% | +15.2% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $1,737.1B | $1,748.8B | $1,767.4B | $1,798.3B | $1,879.9B | $1,965.6B | $2,025.4B | $2,099.9B |
| YoY | — | — | — | — | +8.2% | +12.4% | +14.6% | +16.8% |
| Total equity | $183.3B | $179.1B | $181.1B | $181.1B | $181.2B | $181.1B | $178.4B | $180.2B |
| YoY | — | — | — | — | -1.2% | +1.1% | -1.5% | -0.5% |
| Shares outstanding | 3.35B | 3.29B | 3.26B | 3.22B | 3.15B | 3.09B | 3.06B | 3.03B |
| YoY | — | — | — | — | -5.9% | -6.0% | -6.1% | -6.0% |
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 | $4.2B | $8.9B | $-11.0B | $-11.2B | $-869.0M | $4.1B | $9.1B | $6.8B |
| YoY | — | — | — | — | -120.7% | -53.7% | +182.8% | +160.4% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $3.4B | $4.0B | $3.5B | $3.0B | $6.0B | $5.0B | $4.0B | $3.0B |
| YoY | — | — | — | — | +74.7% | +25.0% | +14.3% | -0.0% |
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 | — | — | — | — | — | — | — | — |
| Net margin | 25.1% | 24.9% | 24.3% | 26.4% | 26.1% | 25.2% | 24.5% | 28.3% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 17.1% | 2.2% | 9.8% | 14.2% | 18.8% | 16.9% | 11.6% | 17.4% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 9.48x | 9.76x | 9.76x | 9.93x | 10.38x | 10.85x | 11.35x | 11.65x |
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 |
|---|---|---|---|---|---|---|
| WFC FY25 · this stock | $83.7B | +1.7% | — | — | 25.5% | — |
| 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% |
| 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% | — |
| 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.