Income StatementBalance SheetCash FlowSegments
ConocoPhillips logo

ConocoPhillips Income Statement

Revenue, expenses, and profitability over time

ConocoPhillips generated $58.2B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $7.3B with a 12.58% net margin. Diluted EPS is $5.89, which declined 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$58.2BGross Profit (TTM)$35.8BNet Income (TTM)$7.3BEps Diluted (TTM)$5.89
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$146.76B
P/E Ratio20.04
ROE11.28%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share$0.8$0.8$0.8$0.8$0.8$0.8
Other Comprehensive Income (Loss), Net of Tax-$628.0M$79.0M$492.0M-$172.0M$163.0M-$117.0M
Dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
OCI - Defined benefit plan, net of tax—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M
Reclassifications Net of Tax$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
OCI Foreign Currency Before Reclassification and Tax-$604.0M$70.0M$484.0M-$180.0M—-$95.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$2.0M$2.0M$1.0M$0.0-$6.0M
Other Comprehensive Income (Loss)—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M
Unrealized Gain (Loss) on Securities—$2.0M$2.0M$1.0M$0.0-$6.0M
OCI Attributable to Parent-$628.0M$79.0M$492.0M-$172.0M$163.0M-$117.0M
OCI Defined Benefit Plan Net of Tax—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M
Dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Income Taxes Paid, Net$824.0M$1.2B$2.0B$698.0M$926.0M$669.0M
Interest Paid, Net$178.0M$214.0M$111.0M$369.0M$63.0M$296.0M
OCI Foreign Currency Gain (Loss) Before Reclassification and Tax-$604.0M$70.0M$484.0M-$180.0M—-$95.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$2.0M$2.0M$1.0M$0.0-$6.0M
Pre-tax stock-based compensation cost$67.0M$84.0M$84.0M$84.0M$84.0M—
Asset Retirement Obligation Cash Paid To Settle$45.5M$64.8M$64.8M$64.8M$64.8M—
Asset Retirement Obligation, Liabilities Settled$1.5M$46.5M$46.5M$46.5M$46.5M—
Changes in estimated cash flows-$35.0M$37.5M$37.5M$37.5M$37.5M—
Additions pending the determination of proved reserves$8.0M$28.3M$28.3M$28.3M$28.3M—
Capitalized Exploratory Well Cost Sales Of Suspended Well Investment$0.0$7.5M$7.5M$7.5M$7.5M—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—$715.0M———-$670.0M
Dividends declared (in dollars per share)$0.8$0.8$0.8$0.8$0.8$0.8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$1.7B$2.9B$2.5B$1.6B$1.6B$2.1B
Federal$157.3M$163.8M$163.8M$163.8M$163.8M—
Foreign$812.3M$821.8M$821.8M$821.8M$821.8M—
Debt repurchase, premiums paid$283.0M—————
Federal$61.8M$134.3M$134.3M$134.3M$134.3M—
Deferred taxes$118.0M-$71.0M$149.0M$354.0M$117.0M$102.0M
State$12.3M-$5.3M-$5.3M-$5.3M-$5.3M—
Deferred Tax Asset, Valuation Allowance, Charged To Expense$102.3M$14.8M$14.8M$14.8M$14.8M—
Dividends, Common Stock$897.0M$998.0M$984.0M$975.0M$1.0B$1.0B
Effect of exchange rate changes on cash, cash equivalents and restricted cash—$83.0M———$29.0M
Effective tax rates—$0.4$0.3$0.4—$0.4
Effect of cross-border tax laws$14.8M$11.0M$11.0M$11.0M$11.0M—
Effect of cross-border tax laws0.1%0.1%0.1%0.1%0.1%—
Nontaxable or nondeductible items0.0%-0.1%-0.1%-0.1%-0.1%—
Changes in unrecognized tax benefits-0.1%-0.0%-0.0%-0.0%-0.0%—
Share-Based Payment Arrangement, Expense, Tax Benefit$16.8M$19.8M$19.8M$19.8M$19.8M—
Distributions of earnings from equity method investees$570.8M$382.8M$382.8M$382.8M$382.8M—
Estimated tax payable on undistributed unremitted foreign income$65.3M$78.5M$78.5M$78.5M$78.5M—
Retired debt—————$67.0M
Gain (Loss), Foreign Currency Transaction, before Tax$13.0M-$30.0M$3.0M$6.0M—$0.0
Gain Loss On Sale Of Property Plant Equipment—$79.0M$317.0M$3.0M$332.0M$5.0M
Foreign, percent12.7%12.8%12.8%12.8%12.8%—
United States, percent12.3%12.2%12.2%12.2%12.2%—
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions-$19.0M$19.0M$93.0M-$389.0M—-$7.0M
Federal taxes$74.0M$269.3M$269.3M$269.3M$269.3M—
State taxes$40.3M$38.0M$38.0M$38.0M$38.0M—
Changes in unrecognized tax benefits-$13.5M-$2.8M-$2.8M-$2.8M-$2.8M—
Income Taxes Paid, Net$824.0M$1.2B$2.0B$698.0M$926.0M$669.0M
Income (Loss) Before Income Taxes In Percent25.0%25.0%25.0%25.0%25.0%—
Accounts payable-$426.0M$518.0M-$545.0M-$184.0M-$1.0M$507.0M
Increase (decrease) in PP&E related to an increase (decrease) in asset retirement obligations, excluding acquisitions$67.0M$3.0M$3.0M$3.0M$3.0M—
Increase decrease in capital accrual$107.0M$827.0M——$58.0M$162.0M
Increase (Decrease) in Inventories—$26.0M$58.0M-$133.0M$165.0M$39.0M
Increase (Decrease) in Other Operating Assets and Liabilities, Net-$218.0M-$10.0M$1.2B——$324.0M
Net pension liability increase—————$39.0M
Increase (Decrease) in Prepaid Expense and Other Assets-$132.0M$134.0M$95.0M——$95.0M
Add - Incremental shares under stock-based compensation plans (in shares)—2M1M2M—1M
Interest and Debt Expense$191.0M$205.0M$232.0M$223.0M$195.0M$198.0M
Interest Costs Capitalized Adjustment$62.0M$96.0M$96.0M$96.0M$96.0M—
Debt$235.3M$294.0M$294.0M$294.0M$294.0M—
Interest Paid, Excluding Capitalized Interest, Operating Activity$178.0M$214.0M$111.0M$369.0M$63.0M$296.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.8B-$3.1B-$2.5B-$2.3B-$2.2B-$2.2B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$2.2B-$2.3B-$2.5B-$3.2B-$850.0M-$2.8B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$4.5B$6.1B$3.5B$5.9B$4.3B$4.3B
Fair value of contingent consideration on acquisition$0.0$0.0$0.0$0.0$0.0—
Total other income$12.5M$56.8M$56.8M$56.8M$56.8M—
Number of operating segments—6.00———5.00
Other comprehensive income/(loss)-$628.0M$79.0M$492.0M-$172.0M$163.0M-$117.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M
Net unrealized gains (losses) on securities still held—$2.0M$2.0M$1.0M$0.0-$6.0M
Other income, net (Note 6)-$189.0M-$6.0M$0.0$0.0-$14.0M-$3.0M
All other operating activities$148.0M-$115.0M—-$141.0M-$16.0M$44.0M
Other income, net$96.0M$113.0M$104.0M$143.0M$178.0M$41.0M
Other—$7.1B———$7.4B
Earnings allocated to participating share awards$6.0M$9.0M$7.0M$6.0M$5.0M$6.0M
Payment To Acquire Productive Assets And Investments$3.3B$3.4B$3.3B$2.9B$3.0B$2.9B
Payments For Proceeds From Investments-$1.0B$400.0M—$548.0M—$30.0M
Payment for (Proceeds from) Other Investing Activity-$25.0M$30.0M——$2.0M$1.0M
Payments for Repurchase of Common Stock$2.0B$1.5B$1.2B$1.3B$1.0B$1.0B
Payments for Restructuring—————$248.0M
Payments of Ordinary Dividends, Common Stock$897.0M$998.0M$984.0M$975.0M$1.0B$1.0B
Payments to Acquire Long-Term Investments$244.0M$192.0M$267.0M$216.0M$186.0M$232.0M
Payments to Acquire Short-Term Investments$44.0M$419.0M$42.0M$769.0M$19.0M$7.0M
Percent amortized for net actuarial gains and losses2.5%2.5%2.5%2.5%2.5%—
Proceeds from Issuance of Common Stock-$12.0M-$52.0M-$3.0M-$10.0M-$35.0M-$35.0M
Financing — other-$127.0M-$40.0M-$15.0M-$20.0M-$1.0M$1.0M
Proceeds from sales and redemptions of investments in debt securities classified as available for sale$271.0M$211.0M$300.0M$271.0M$180.0M$209.0M
Long-term Investments sold$92.0M$53.0M$65.0M$95.0M$91.0M$47.0M
Proceeds from disposition of property, plant and equipment/other$44.0M$635.0M$706.0M$291.0M$1.6B$9.0M
Short-term investments sold$1.2B$158.0M$636.0M$342.0M$615.0M$162.0M
Oil and Gas, Capitalized Exploratory Well Cost, Reclassification Based on Determination of Proved Reserve$500.0K$0.0$0.0$0.0$0.0—
Repayments of Debt$4.4B$547.0M$259.0M$45.0M$62.0M$114.0M
Revenue From Contract With Customer Excluding Assessed Tax$12.7B$14.5B$12.6B$13.3B$11.4B$13.5B
Revenue from contracts outside the scope of ASC Topic 606$1.4B$1.8B$1.8B$1.8B$1.8B—
Capital expenditures and investments$3.3B$3.4B$3.3B$2.9B$3.0B$2.9B
Segment Reporting, Other Segment Item, Amount$6.3B$6.8B$5.6B$6.6B$5.5B$7.2B
Intrinsic value of stock options exercised$15.8M$15.0M$15.0M$15.0M$15.0M—
Exercised (in shares)$17.11$9.68$9.68$9.68$9.68—
Stock repurchase program, maximum amount$20.0B—————
Share Repurchase Program, Excise Tax$19.0M$13.0M$12.0M$13.0M$9.0M$7.0M
Significant Segment Expenses$5.6B$6.9B$6.5B$6.8B$6.4B$6.4B
Acquisition of Marathon Oil35.7M0000—
Distributed under benefit plans989.6K711.4K711.4K711.4K711.4K—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period303.4K271.6K271.6K271.6K271.6K—
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture$62.0M$25.0M$89.0M$58.0M$27.0M$33.0M
Stock Repurchased During Period Shares$12.3M$13.4M$13.4M$13.4M$13.4M—
Stockholders' Equity, Other-$2.0M$0.0$0.0-$1.0M-$1.0M$0.0
Taxes other than income taxes and other – net$520.0M$551.0M$572.0M$525.0M$498.0M$607.0M
Number of shares purchased (in shares)108.3M121.5M121.5M121.5M121.5M—
Treasury stock, value, acquired$2.0B$1.5B$1.2B$1.3B$1.0B$1.0B
Unrecognized tax benefits, settlements$30.3M$750.0K$750.0K$750.0K$750.0K—
Additions for tax positions of prior years$31.8M$3.3M$3.3M$3.3M$3.3M—
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount—-$56.0M-$56.0M——-$56.0M
Foreign Currency Translation Adjustments, Net-$604.0M$70.0M$484.0M-$180.0M—-$95.0M
Cash Dividends, Common Stock$897.0M$998.0M$984.0M$975.0M$1.0B$1.0B
Asset Retirement Obligation Liabilities Incurred$231.5M$40.5M$40.5M$40.5M$40.5M—
OCI Defined Benefit Plan, After Tax—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M
Other Comprehensive Income (Loss)$1.7B$2.9B$2.5B$1.6B$1.6B$2.1B
OCI Pension Adjustments—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent-$628.0M$79.0M$492.0M-$172.0M$163.0M-$117.0M
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
OCI Foreign Currency Gain (Loss), Pre-tax-$604.0M$70.0M$484.0M-$180.0M—-$95.0M
OCI Net of Tax, Parent-$628.0M$79.0M$492.0M-$172.0M$163.0M-$117.0M
OCI Pension Reclassification Adjustment, Pre-tax—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)$13.0M-$30.0M$3.0M$6.0M—$0.0
Unrealized Foreign Currency Transaction Gain (Loss)$13.0M-$30.0M$3.0M$6.0M—$0.0
Foreign Currency Transaction Gain (Loss)$13.0M-$30.0M$3.0M$6.0M—$0.0
Cash Paid for Interest$178.0M$214.0M$111.0M$369.0M$63.0M$296.0M
Foreign exchange gains (losses)$13.0M-$30.0M$3.0M$6.0M—$0.0
ARO Foreign Currency Gain (Loss)$52.3M-$54.0M-$54.0M-$54.0M-$54.0M—
Foreign Currency Transaction Gain (Loss)$13.0M-$30.0M$3.0M$6.0M—$0.0
Income from equity method investments$440.0M$392.0M$315.0M$345.0M$283.0M$247.0M
Equity Method Investment Dividends$570.8M$382.8M$382.8M$382.8M$382.8M—
Foreign Currency Transaction Gain (Loss), Pre-tax$13.0M-$30.0M$3.0M$6.0M—$0.0
Other Charges-$189.0M-$6.0M$0.0$0.0-$14.0M-$3.0M
Foreign Currency Transaction Gain (Loss)$13.0M-$30.0M$3.0M$6.0M—$0.0
Interest Costs Incurred$257.8M$309.8M$309.8M$309.8M$309.8M—
Interest income$95.0M$76.0M$67.0M$62.0M$106.0M$109.0M
Change in Accounts Payable-$426.0M$518.0M-$545.0M-$184.0M-$1.0M$507.0M
Change in Receivables$918.0M-$280.0M-$693.0M——$1.1B
OCI Defined Benefit Plans—-$7.0M-$6.0M-$7.0M-$35.0M$16.0M
Distributions of earnings from equity method investees$570.8M$382.8M$382.8M$382.8M$382.8M—
Foreign currency transaction gain (loss)$13.0M-$30.0M$3.0M$6.0M—$0.0
Foreign Currency Transaction Gain (Loss), Before Tax$13.0M-$30.0M$3.0M$6.0M—$0.0
Interest costs capitalized adjustment$62.0M$96.0M$96.0M$96.0M$96.0M—
Interest costs incurred$257.8M$309.8M$309.8M$309.8M$309.8M—
Pension Settlement Charge$250.0K-$1.3M-$1.3M-$1.3M-$1.3M—
Pension Settlement Gain (Loss)$250.0K-$1.3M-$1.3M-$1.3M-$1.3M—
Interest Costs Incurred$257.8M$309.8M$309.8M$309.8M$309.8M—
Interest expense on debt$235.3M$294.0M$294.0M$294.0M$294.0M—

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net$96.0M$113.0M$104.0M$143.0M$178.0M$41.0M
Total stock-based compensation$67.0M$84.0M$84.0M$84.0M$84.0M—
Operating Lease Cost$81.3M$111.8M$111.8M$111.8M$111.8M—
Stock-based compensation expense$62.0M$25.0M$89.0M$58.0M$27.0M$33.0M
Stock-Based Compensation Expense (Pre-tax)$67.0M$84.0M$84.0M$84.0M$84.0M—
Accretion Expense$85.0M$94.0M$95.0M$94.0M$95.0M$97.0M
Dry Hole Expense$71.0M$117.0M$81.0M$71.0M$138.0M$109.0M
Exploration Abandonment and Impairment—$61.0M$24.0M$20.0M$76.0M$34.0M
Exploration Expense$71.0M$117.0M$81.0M$71.0M$138.0M$109.0M
Shipping and Handling Costs$2.3B$2.5B$2.6B$2.6B$2.6B$2.3B
Depreciation and amortization$2.7B$2.7B$2.8B$2.9B$3.0B$2.9B
Allocated Share-Based Compensation Expense$67.0M$84.0M$84.0M$84.0M$84.0M—
Operating Lease Cost$81.3M$111.8M$111.8M$111.8M$111.8M—
Share-Based Compensation (Operating)$67.0M$84.0M$84.0M$84.0M$84.0M—
Share-Based Compensation Expense Before Income Taxes$67.0M$84.0M$84.0M$84.0M$84.0M—
Impairment of Goodwill and Purchased Intangible Assets$46.0M$1.0M$1.0M$10.0M$14.0M$19.0M
Operating Lease Cost$81.3M$111.8M$111.8M$111.8M$111.8M—
Stock-based compensation expense$67.0M$84.0M$84.0M$84.0M$84.0M—
Other operating income (expense), net$96.0M$113.0M$104.0M$143.0M$178.0M$41.0M
Taxes other than income taxes$520.0M$551.0M$572.0M$525.0M$498.0M$607.0M
Operating Expenses Including Nonoperating Income Expense And Interest And Debt Expense$11.8B$12.6B$11.7B$12.6B$11.9B$12.7B
Share-Based Compensation Expense$62.0M$25.0M$89.0M$58.0M$27.0M$33.0M
Goodwill and indefinite-lived intangible asset impairment$46.0M$1.0M$1.0M$10.0M$14.0M$19.0M
Research and development$20.3M$19.5M$19.5M$19.5M$19.5M—
Restructuring charges———$238.0M$42.0M$10.0M
Selling, general and administrative$630.0M$191.0M$250.0M$271.0M$181.0M$193.0M
Accretion Expense$79.8M$91.5M$91.5M$91.5M$91.5M—
Stock-Based Compensation (Before Tax)$67.0M$84.0M$84.0M$84.0M$84.0M—
Operating Lease Cost$81.3M$111.8M$111.8M$111.8M$111.8M—

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income$96.0M$113.0M$104.0M$143.0M$178.0M$41.0M
Other operating income (expense), net$96.0M$113.0M$104.0M$143.0M$178.0M$41.0M
Gross profit$9.2B$10.3B$8.9B$9.2B$8.2B$9.5B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share (Declared)$0.8$0.8$0.8$0.8$0.8$0.8
Earnings Allocated to Participating Securities$6.0M$9.0M$7.0M$6.0M$5.0M$6.0M
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Basic earnings per share$1.90$2.23$1.56$1.38$1.18$1.78
Diluted earnings per share$1.90$2.23$1.56$1.38$1.17$1.78
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common stock dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
Dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
Dividends per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common stock dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common Stock Dividends Per Share Declared$0.8$0.8$0.8$0.8$0.8$0.8
Common stock dividends per share declared$0.8$0.8$0.8$0.8$0.8$0.8
Weighted-average shares, basic9.6M1.3B1.3B1.2B—1.2B
Weighted-average shares, diluted9.4M1.3B1.3B1.2B—1.2B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Unrecognized Tax Benefits Current Period Increases$750.0K$0.0$0.0$0.0$0.0—
Unrecognized Tax Benefits Prior Period Decreases$0.0$0.0$0.0$0.0$0.0—
Effective Tax Rate (Continuing Operations)—$0.4$0.3$0.4—$0.4
Effective Tax Rate—$0.4$0.3$0.4—$0.4
Cash Paid for Income Taxes$824.0M$1.2B$2.0B$698.0M$926.0M$669.0M
Deferred Foreign Tax Expense (Benefit)$17.8M$8.3M$8.3M$8.3M$8.3M—
Effective Tax Rate, Continuing Operations—$0.4$0.3$0.4—$0.4
Stock-Based Compensation Tax Benefit$16.8M$19.8M$19.8M$19.8M$19.8M—
Tax Adjustments, Settlements and Unusual Provisions$4.8M-$5.3M-$5.3M-$5.3M-$5.3M—
Current State Tax Expense$45.5M$44.3M$44.3M$44.3M$44.3M—
Deferred Foreign Tax Expense$17.8M$8.3M$8.3M$8.3M$8.3M—
Effective Income Tax Rate, Continuing Operations—$0.4$0.3$0.4—$0.4
Effective Tax Rate—$0.4$0.3$0.4—$0.4
Current State and Local Tax Expense (Benefit)$45.5M$44.3M$44.3M$44.3M$44.3M—
Deferred Foreign Tax Expense (Benefit)$17.8M$8.3M$8.3M$8.3M$8.3M—
Effective Tax Rate (Continuing Operations)—$0.4$0.3$0.4—$0.4
Income Taxes Paid, Net$824.0M$1.2B$2.0B$698.0M$926.0M$669.0M
Share-Based Compensation Tax Benefit$16.8M$19.8M$19.8M$19.8M$19.8M—
Current State and Local Tax Expense$45.5M$44.3M$44.3M$44.3M$44.3M—
Deferred Foreign Tax Expense$17.8M$8.3M$8.3M$8.3M$8.3M—
Income tax expense$664.0M$1.6B$1.0B$1.2B$803.0M$1.2B
Effective Tax Rate (Continuing Operations)—$0.4$0.3$0.4—$0.4
Share-Based Compensation Tax Benefit$16.8M$19.8M$19.8M$19.8M$19.8M—
Unrecognized Tax Benefits Reevaluation (Statute Lapse)$4.8M$3.3M$3.3M$3.3M$3.3M—
Current State and Local Tax Expense (Benefit)$45.5M$44.3M$44.3M$44.3M$44.3M—
Current Federal Tax Expense$157.3M$163.8M$163.8M$163.8M$163.8M—
Current Foreign Tax Expense$812.3M$821.8M$821.8M$821.8M$821.8M—
Current State and Local Tax Expense$45.5M$44.3M$44.3M$44.3M$44.3M—
Deferred Federal Tax Expense$61.8M$134.3M$134.3M$134.3M$134.3M—
Deferred Foreign Tax Expense$17.8M$8.3M$8.3M$8.3M$8.3M—
Deferred State and Local Tax Expense$12.3M-$5.3M-$5.3M-$5.3M-$5.3M—
Effective Tax Rate (Continuing Operations)—$0.4$0.3$0.4—$0.4
Income Taxes Paid, Net$824.0M$1.2B$2.0B$698.0M$926.0M$669.0M
Effective Income Tax Rate—$0.4$0.3$0.4—$0.4
Tax Reconciliation: Nondeductible Expenses$4.5M-$6.0M-$6.0M-$6.0M-$6.0M—
Current State and Local Tax Expense (Benefit)$45.5M$44.3M$44.3M$44.3M$44.3M—
Deferred Foreign Tax Expense (Benefit)$17.8M$8.3M$8.3M$8.3M$8.3M—
Effective Tax Rate, Continuing Operations—$0.4$0.3$0.4—$0.4
Current State and Local Tax Expense (Benefit)$45.5M$44.3M$44.3M$44.3M$44.3M—
Deferred Foreign Tax Expense (Benefit)$17.8M$8.3M$8.3M$8.3M$8.3M—
Income and Other Taxes$824.0M$1.2B$2.0B$698.0M$926.0M$669.0M
Current State and Local Tax Expense$45.5M$44.3M$44.3M$44.3M$44.3M—
Deferred Foreign Tax Expense$17.8M$8.3M$8.3M$8.3M$8.3M—
Effective Tax Rate Continuing Operations—$0.4$0.3$0.4—$0.4

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Earnings Allocated to Participating Share Awards$6.0M$9.0M$7.0M$6.0M$5.0M$6.0M
Net income applicable to common shareholders$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
Common Dividends Declared (Per Share)$0.8$0.8$0.8$0.8$0.8$0.8
Net Income Allocated to Common (Diluted)$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
Common Stock Dividends$897.0M$998.0M$984.0M$975.0M$1.0B$1.0B
Net earnings to common$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
Net Income Available to Common Stockholders (Diluted)$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
Common Stock Dividends$897.0M$998.0M$984.0M$975.0M$1.0B$1.0B
Net Income Available to Common Shareholders$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
OCI Attributable to Parent-$628.0M$79.0M$492.0M-$172.0M$163.0M-$117.0M
Net income$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
Net income attributable to common stock$2.3B$2.8B$2.0B$1.7B$1.4B$2.2B
Common Stock Dividends$897.0M$998.0M$984.0M$975.0M$1.0B$1.0B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$3.0B$4.5B$3.0B$2.9B$2.2B$3.4B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating revenues and other income$14.7B$17.1B$14.7B$15.5B$14.2B$16.1B
Total revenue$14.2B$16.5B$14.0B$15.0B$13.4B$15.8B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$5.1B$6.2B$5.1B$5.9B$5.2B$6.3B