Three-Statement Breakdown
REVENUE UP
Revenue rose 8.3% year over year to $21.5B, and carried a 17.0% net margin.
REVENUE
+8.3%
21,499
GROSS PROFIT
+10.8%
8,102
NET INCOME
+3.3%
3,649
EPS (DILUTED)
+5.0%
$28.48
| Income statement | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
14,320 | 13,696 | 14,348 | 15,862 | 19,065 | 19,930 | 19,850 | 21,499 | +8.3% |
| Cost of revenue |
|
(10,689) | (10,292) | (9,605) | (10,550) | (12,636) | (12,802) | (12,535) | (13,397) | +6.9% |
| Gross profit |
|
3,631 | 3,403 | 4,743 | 5,311 | 6,429 | 7,128 | 7,315 | 8,102 | +10.8% |
| Research & development |
|
(295) | (237) | (205) | (191) | (258) | (253) | (240) | (267) | +11.2% |
| SG&A |
|
(1,544) | (1,657) | (2,383) | (2,504) | (3,354) | (3,315) | (3,255) | (3,468) | +6.5% |
| Operating income |
|
2,236 | 1,967 | 2,460 | 2,975 | 3,404 | 4,069 | 4,347 | 5,068 | +16.6% |
| Interest expense |
|
(190) | (308) | (250) | (255) | (574) | (506) | (409) | (401) | -2.0% |
| Income tax |
|
(424) | (305) | (500) | (298) | (596) | (750) | (575) | (914) | +59.0% |
| Net income |
|
1,525 | 1,202 | 1,746 | 1,316 | 2,083 | 2,844 | 3,532 | 3,649 | +3.3% |
| EPS (diluted) |
|
$11.57 | $9.26 | $13.35 | $10.09 | $16.04 | $21.84 | $27.12 | $28.48 | +5.0% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM7,315
REVENUE+1,649
COST OF REVENUE-862
TO8,102
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-K FILED 2026-08-21 ↗