Three-Statement Breakdown
REVENUE DOWN
Revenue fell 6.9% year over year to $34.3B, and carried a 10.5% net margin.
REVENUE
-6.9%
34,250
GROSS PROFIT
-14.9%
8,116
NET INCOME
-24.6%
3,585
EPS (DILUTED)
-19.3%
$11.57
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
16,068 | 17,593 | 20,311 | 27,774 | 33,480 | 35,460 | 36,801 | 34,250 | -6.9% |
| Cost of revenue |
|
(12,398) | (13,721) | (15,373) | (19,899) | (22,976) | (26,110) | (27,266) | (26,134) | -4.2% |
| Gross profit |
|
3,670 | 3,872 | 4,938 | 7,875 | 10,504 | 9,350 | 9,535 | 8,116 | -14.9% |
| SG&A |
|
(1,677) | (1,832) | (2,048) | (2,556) | (2,934) | (3,249) | (3,600) | (3,692) | +2.6% |
| Interest expense |
NOT DISCLOSED
|
(0) | — | — | — | — | — | — | — | — |
| Income tax |
|
(598) | (507) | (602) | (1,165) | (1,734) | (1,520) | (1,479) | (1,119) | -24.3% |
| Net income |
|
1,460 | 1,618 | 2,374 | 4,176 | 5,858 | 4,746 | 4,756 | 3,585 | -24.6% |
| EPS (diluted) |
|
$3.81 | $4.29 | $6.41 | $11.41 | $16.51 | $13.82 | $14.34 | $11.57 | -19.3% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM9,535
REVENUE-2,551
COST OF REVENUE+1,132
TO8,116
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SRC 10-Q FILED 2026-07-23 ↗