Revenue FY2025
$83.70B ▲ + 1.7%
Net income FY2025
$21.34B ▲ + 8.2%
Diluted EPS FY2025
$6.26 ▲ + 16.6%
Trends FY2016–FY2025 · hover a year for its filing Revenue & net income Revenue Net income$0 $50B FY2016 · Revenue $88.27B · Net income $21.94B · 0000072971-19-000227 · filed 2019-02-27 FY16 Revenue $88.27B Net income $21.94B 0000072971-19-000227 · filed 2019-02-27 FY2017 · Revenue $88.39B · Net income $22.18B · 0000072971-20-000217 · filed 2020-02-27 FY17 Revenue $88.39B Net income $22.18B 0000072971-20-000217 · filed 2020-02-27 FY2018 · Revenue $86.41B · Net income $22.39B · 0000072971-21-000197 · filed 2021-02-23 FY18 Revenue $86.41B Net income $22.39B 0000072971-21-000197 · filed 2021-02-23 FY2019 · Revenue $86.83B · Net income $19.71B · 0000072971-22-000096 · filed 2022-02-22 FY19 Revenue $86.83B Net income $19.71B 0000072971-22-000096 · filed 2022-02-22 FY2020 · Revenue $74.26B · Net income $3.38B · 0000072971-23-000071 · filed 2023-02-21 FY20 Revenue $74.26B Net income $3.38B 0000072971-23-000071 · filed 2023-02-21 FY2021 · Revenue $79.17B · Net income $22.11B · 0000072971-24-000064 · filed 2024-02-20 FY21 Revenue $79.17B Net income $22.11B 0000072971-24-000064 · filed 2024-02-20 FY2022 · Revenue $74.37B · Net income $13.68B · 0000072971-25-000066 · filed 2025-02-25 FY22 Revenue $74.37B Net income $13.68B 0000072971-25-000066 · filed 2025-02-25 FY2023 · Revenue $82.60B · Net income $19.14B · 0000072971-26-000133 · filed 2026-02-24 FY23 Revenue $82.60B Net income $19.14B 0000072971-26-000133 · filed 2026-02-24 FY2024 · Revenue $82.30B · Net income $19.72B · 0000072971-26-000133 · filed 2026-02-24 FY24 Revenue $82.30B Net income $19.72B 0000072971-26-000133 · filed 2026-02-24 FY2025 · Revenue $83.70B · Net income $21.34B · 0000072971-26-000133 · filed 2026-02-24 FY25 Revenue $83.70B Net income $21.34B 0000072971-26-000133 · filed 2026-02-24 FY25 Revenue $83.70B Net income $21.34B 0000072971-26-000133 · filed 2026-02-24 FY17 FY19 FY21 FY23 FY25
net margin 24.9% → 25.5%
Margins Net margin FCF margin0% 10% 20% 30% FY2016 · Net margin 24.9% FY16 Net margin 24.9% derived: net income ÷ revenue FY2017 · Net margin 25.1% FY17 Net margin 25.1% derived: net income ÷ revenue FY2018 · Net margin 25.9% FY18 Net margin 25.9% derived: net income ÷ revenue FY2019 · Net margin 22.7% FY19 Net margin 22.7% derived: net income ÷ revenue FY2020 · Net margin 4.5% FY20 Net margin 4.5% derived: net income ÷ revenue FY2021 · Net margin 27.9% FY21 Net margin 27.9% derived: net income ÷ revenue FY2022 · Net margin 18.4% FY22 Net margin 18.4% derived: net income ÷ revenue FY2023 · Net margin 23.2% FY23 Net margin 23.2% derived: net income ÷ revenue FY2024 · Net margin 24.0% FY24 Net margin 24.0% derived: net income ÷ revenue FY2025 · Net margin 25.5% FY25 Net margin 25.5% derived: net income ÷ revenue FY25 Net margin 25.5% derived: net income ÷ revenue ’17 ’19 ’21 ’23 ’25 FY2025: net 25.5% of revenue
Cash flow Operating cash flow Free cash flow$0 $50B FY2007 · OCF $9.29B · 0000950123-10-017877 · filed 2010-02-26 FY07 OCF $9.29B 0000950123-10-017877 · filed 2010-02-26 FY2008 · OCF −$4.79B · 0000950123-11-018541 · filed 2011-02-25 FY08 OCF −$4.79B 0000950123-11-018541 · filed 2011-02-25 FY2009 · OCF $28.61B · 0001193125-12-084528 · filed 2012-02-28 FY09 OCF $28.61B 0001193125-12-084528 · filed 2012-02-28 FY2010 · OCF $18.77B · 0001193125-13-078820 · filed 2013-02-27 FY10 OCF $18.77B 0001193125-13-078820 · filed 2013-02-27 FY2011 · OCF $13.66B · 0000072971-14-000337 · filed 2014-02-26 FY11 OCF $13.66B 0000072971-14-000337 · filed 2014-02-26 FY2012 · OCF $58.54B · 0000072971-15-000449 · filed 2015-02-25 FY12 OCF $58.54B 0000072971-15-000449 · filed 2015-02-25 FY2013 · OCF $57.64B · 0000072971-16-001045 · filed 2016-02-24 FY13 OCF $57.64B 0000072971-16-001045 · filed 2016-02-24 FY2014 · OCF $17.53B · 0000072971-17-000278 · filed 2017-03-01 FY14 OCF $17.53B 0000072971-17-000278 · filed 2017-03-01 FY2015 · OCF $15.90B · 0000072971-18-000272 · filed 2018-03-01 FY15 OCF $15.90B 0000072971-18-000272 · filed 2018-03-01 FY2016 · OCF $1.01B · 0000072971-19-000227 · filed 2019-02-27 FY16 OCF $1.01B 0000072971-19-000227 · filed 2019-02-27 FY2017 · OCF $18.62B · 0000072971-20-000217 · filed 2020-02-27 FY17 OCF $18.62B 0000072971-20-000217 · filed 2020-02-27 FY2018 · OCF $36.07B · 0000072971-21-000197 · filed 2021-02-23 FY18 OCF $36.07B 0000072971-21-000197 · filed 2021-02-23 FY2019 · OCF $6.73B · 0000072971-22-000096 · filed 2022-02-22 FY19 OCF $6.73B 0000072971-22-000096 · filed 2022-02-22 FY2020 · OCF $2.05B · 0000072971-23-000071 · filed 2023-02-21 FY20 OCF $2.05B 0000072971-23-000071 · filed 2023-02-21 FY2021 · OCF −$11.53B · 0000072971-24-000064 · filed 2024-02-20 FY21 OCF −$11.53B 0000072971-24-000064 · filed 2024-02-20 FY2022 · OCF $27.05B · 0000072971-25-000066 · filed 2025-02-25 FY22 OCF $27.05B 0000072971-25-000066 · filed 2025-02-25 FY2023 · OCF $40.36B · 0000072971-26-000133 · filed 2026-02-24 FY23 OCF $40.36B 0000072971-26-000133 · filed 2026-02-24 FY2024 · OCF $3.04B · 0000072971-26-000133 · filed 2026-02-24 FY24 OCF $3.04B 0000072971-26-000133 · filed 2026-02-24 FY2025 · OCF −$19.00B · 0000072971-26-000133 · filed 2026-02-24 FY25 OCF −$19.00B 0000072971-26-000133 · filed 2026-02-24 FY25 OCF −$19.00B 0000072971-26-000133 · filed 2026-02-24 ’09 ’13 ’17 ’21 ’25
Returns on capital Return on equity Return on assets0% 5% 10% FY2008 · ROE 2.7% · ROA 0.2% FY08 ROE 2.7% ROA 0.2% derived: net income ÷ equity · derived: net income ÷ assets FY2009 · ROE 11.0% · ROA 1.0% FY09 ROE 11.0% ROA 1.0% derived: net income ÷ equity · derived: net income ÷ assets FY2010 · ROE 9.8% · ROA 1.0% FY10 ROE 9.8% ROA 1.0% derived: net income ÷ equity · derived: net income ÷ assets FY2011 · ROE 11.3% · ROA 1.2% FY11 ROE 11.3% ROA 1.2% derived: net income ÷ equity · derived: net income ÷ assets FY2012 · ROE 12.0% · ROA 1.3% FY12 ROE 12.0% ROA 1.3% derived: net income ÷ equity · derived: net income ÷ assets FY2013 · ROE 12.9% · ROA 1.4% FY13 ROE 12.9% ROA 1.4% derived: net income ÷ equity · derived: net income ÷ assets FY2014 · ROE 12.5% · ROA 1.4% FY14 ROE 12.5% ROA 1.4% derived: net income ÷ equity · derived: net income ÷ assets FY2015 · ROE 11.9% · ROA 1.3% FY15 ROE 11.9% ROA 1.3% derived: net income ÷ equity · derived: net income ÷ assets FY2016 · ROE 11.0% · ROA 1.1% FY16 ROE 11.0% ROA 1.1% derived: net income ÷ equity · derived: net income ÷ assets FY2017 · ROE 10.7% · ROA 1.1% FY17 ROE 10.7% ROA 1.1% derived: net income ÷ equity · derived: net income ÷ assets FY2018 · ROE 11.4% · ROA 1.2% FY18 ROE 11.4% ROA 1.2% derived: net income ÷ equity · derived: net income ÷ assets FY2019 · ROE 10.5% · ROA 1.0% FY19 ROE 10.5% ROA 1.0% derived: net income ÷ equity · derived: net income ÷ assets FY2020 · ROE 1.8% · ROA 0.2% FY20 ROE 1.8% ROA 0.2% derived: net income ÷ equity · derived: net income ÷ assets FY2021 · ROE 11.8% · ROA 1.1% FY21 ROE 11.8% ROA 1.1% derived: net income ÷ equity · derived: net income ÷ assets FY2022 · ROE 7.6% · ROA 0.7% FY22 ROE 7.6% ROA 0.7% derived: net income ÷ equity · derived: net income ÷ assets FY2023 · ROE 10.3% · ROA 1.0% FY23 ROE 10.3% ROA 1.0% derived: net income ÷ equity · derived: net income ÷ assets FY2024 · ROE 11.0% · ROA 1.0% FY24 ROE 11.0% ROA 1.0% derived: net income ÷ equity · derived: net income ÷ assets FY2025 · ROE 11.8% · ROA 1.0% FY25 ROE 11.8% ROA 1.0% derived: net income ÷ equity · derived: net income ÷ assets FY25 ROE 11.8% ROA 1.0% derived: net income ÷ equity · derived: net income ÷ assets ’09 ’13 ’17 ’21 ’25 return on equity 3% (FY2008) → 12% (FY2025) · on assets 1.0%
Balance sheet Liabilities Equity$0 $1T $2T FY2008 · Liabilities $1.21T · Equity $99.08B FY08 Liabilities $1.21T Equity $99.08B 0000950123-10-017877 · filed 2010-02-26 FY2009 · Liabilities $1.13T · Equity $111.79B FY09 Liabilities $1.13T Equity $111.79B 0000950123-11-018541 · filed 2011-02-25 FY2010 · Liabilities $1.13T · Equity $126.41B FY10 Liabilities $1.13T Equity $126.41B 0001193125-12-084528 · filed 2012-02-28 FY2011 · Liabilities $1.17T · Equity $140.24B FY11 Liabilities $1.17T Equity $140.24B 0001193125-13-078820 · filed 2013-02-27 FY2012 · Liabilities $1.26T · Equity $157.55B FY12 Liabilities $1.26T Equity $157.55B 0000072971-14-000337 · filed 2014-02-26 FY2013 · Liabilities $1.35T · Equity $170.14B FY13 Liabilities $1.35T Equity $170.14B 0000072971-15-000449 · filed 2015-02-25 FY2014 · Liabilities $1.50T · Equity $184.39B FY14 Liabilities $1.50T Equity $184.39B 0000072971-16-001045 · filed 2016-02-24 FY2015 · Liabilities $1.59T · Equity $193.00B FY15 Liabilities $1.59T Equity $193.00B 0000072971-17-000278 · filed 2017-03-01 FY2016 · Liabilities $1.73T · Equity $199.58B FY16 Liabilities $1.73T Equity $199.58B 0000072971-18-000272 · filed 2018-03-01 FY2017 · Liabilities $1.74T · Equity $206.94B FY17 Liabilities $1.74T Equity $206.94B 0000072971-19-000227 · filed 2019-02-27 FY2018 · Liabilities $1.70T · Equity $196.17B FY18 Liabilities $1.70T Equity $196.17B 0000072971-20-000217 · filed 2020-02-27 FY2019 · Liabilities $1.74T · Equity $187.15B FY19 Liabilities $1.74T Equity $187.15B 0000072971-21-000197 · filed 2021-02-23 FY2020 · Liabilities $1.77T · Equity $184.68B FY20 Liabilities $1.77T Equity $184.68B 0000072971-22-000096 · filed 2022-02-22 FY2021 · Liabilities $1.76T · Equity $187.61B FY21 Liabilities $1.76T Equity $187.61B 0000072971-23-000071 · filed 2023-02-21 FY2022 · Liabilities $1.70T · Equity $180.23B FY22 Liabilities $1.70T Equity $180.23B 0000072971-24-000064 · filed 2024-02-20 FY2023 · Liabilities $1.75T · Equity $185.74B FY23 Liabilities $1.75T Equity $185.74B 0000072971-25-000066 · filed 2025-02-25 FY2024 · Liabilities $1.75T · Equity $179.12B FY24 Liabilities $1.75T Equity $179.12B 0000072971-26-000133 · filed 2026-02-24 FY2025 · Liabilities $1.97T · Equity $181.12B FY25 Liabilities $1.97T Equity $181.12B 0000072971-26-000133 · filed 2026-02-24 FY25 Liabilities $1.97T Equity $181.12B 0000072971-26-000133 · filed 2026-02-24 ’09 ’13 ’17 ’21 ’25
FY2025: $2.15T assets · $1.97T liabilities · $181.12B equity