Three-Statement Breakdown
REVENUE UP
Revenue rose 17% year over year to $6.5B, and carried a 27.0% net margin.
REVENUE
+16.9%
6,512
GROSS PROFIT
+20.0%
4,838
NET INCOME
+6.2%
1,760
EPS (DILUTED)
+6.8%
$4.89
| Income statement | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
3,772 | 4,040 | 4,057 | 4,612 | 5,007 | 5,278 | 5,572 | 6,512 | +16.9% |
| Cost of revenue |
|
(1,178) | (1,281) | (1,271) | (1,356) | (1,453) | (1,479) | (1,540) | (1,674) | +8.7% |
| Gross profit |
|
2,595 | 2,760 | 2,786 | 3,255 | 3,554 | 3,799 | 4,031 | 4,838 | +20.0% |
| SG&A |
|
(1,223) | (1,299) | (1,325) | (1,415) | (1,521) | (1,625) | (1,824) | (2,327) | +27.6% |
| Operating income |
|
1,371 | 1,460 | 1,461 | 1,840 | 2,033 | 2,174 | 2,208 | 2,510 | +13.7% |
| Interest expense |
|
(18) | (39) | (36) | (37) | (37) | (37) | (105) | (270) | +155.7% |
| Income tax |
|
(334) | (339) | (337) | (432) | (491) | (528) | (519) | (551) | +6.2% |
| Net income |
NOT DISCLOSED
|
— | — | — | 1,393 | 1,557 | 1,690 | 1,657 | 1,760 | +6.2% |
| EPS (diluted) |
|
$2.86 | $3.04 | $3.03 | $3.84 | $4.30 | $4.67 | $4.58 | $4.89 | +6.8% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM4,031
REVENUE+940
COST OF REVENUE-134
ROUNDING+1
TO4,838
No bridge for this line yet — select Gross profit to see its YoY walk.
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM
SRC 10-K FILED 2026-07-17 ↗