Three-Statement Breakdown
REVENUE DOWN
Revenue fell 4.4% year over year to $4.3B, and carried a 10.4% net margin.
REVENUE
-4.4%
4,264
GROSS PROFIT
+56.4%
4,151
NET INCOME
—
444
EPS (DILUTED)
—
$1.01
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
5,370 | 5,763 | 5,840 | 6,340 | 6,986 | 4,734 | 4,460 | 4,264 | -4.4% |
| Cost of revenue |
|
(434) | (524) | (1,927) | (1,953) | (2,024) | (1,935) | (1,806) | (113) | -93.7% |
| Gross profit |
|
4,936 | 5,239 | 3,913 | 4,387 | 4,962 | 2,799 | 2,654 | 4,151 | +56.4% |
| SG&A |
|
(563) | (614) | (678) | (680) | (750) | (502) | (435) | (383) | -12.0% |
| Operating income |
|
1,383 | 1,559 | 1,863 | 2,001 | 2,425 | 2,097 | 2,118 | 2,075 | -2.0% |
| Interest expense |
|
(642) | (683) | (689) | (657) | -699 | (849) | (932) | (972) | +4.3% |
| Income tax |
|
-19 | -21 | (20) | (21) | (16) | (21) | (18) | (16) | -11.1% |
| Net income |
|
622 | 860 | 1,056 | 1,096 | 1,675 | 1,502 | -3,903 | 444 | — |
| EPS (diluted) |
|
$1.23 | $1.79 | $2.35 | $2.53 | $3.86 | $3.46 | -$8.98 | $1.01 | — |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM2,654
REVENUE-196
COST OF REVENUE+1,693
TO4,151
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SRC 10-Q FILED 2026-08-05 ↗