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Dow Income Statement

Revenue, expenses, and profitability over time

Dow generated $39.3B in trailing twelve-month revenue, down 0.1% year-over-year. Net income was -$2.7B with a -6.79% net margin. Based on the Q1 2026 filing.

Total Revenue (TTM)$39.3BGross Profit (TTM)$2.5BNet Income (TTM)-$2.7BEps Diluted (TTM)$-3.70
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$24.2B
ROE-16.67%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$76M$76M$63M$46M$46M$46M
Research and development$202M$200M$188M$191M$173M$181M
Selling, general and administrative$353M$366M$347M$340M$339M$417M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments-$51M-$20M-$30M-$72M-$118M-$303M
Interest expense$216M$216M$209M$221M$219M$219M
Interest income$57M$28M$39M$47M$38M$42M
Other income (expense), net$159M$13M$147M$185M—$121M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$935M$671M$583M$731M$548M$640M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$219M-$374M-$659M$70M-$1.5B-$390M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$254M-$84M$142M-$54M-$71M$55M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$32M-$307M-$835M$62M-$1.4B-$533M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets$76M$76M$63M$46M$46M$46M
Debt$216M$216M$209M$221M$219M$219M
Interest Income, Other$57M$28M$39M$47M$38M$42M
Research and development expense$202M$200M$188M$191M$173M$181M
Restructuring, Settlement and Impairment Provisions$34M$208M$591M$23M$1B$27M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$9.5B$9.8B$9.5B$9.2B$8.9B$9.2B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$10.4B$10.4B$10.1B$10B$9.5B$9.8B