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Phillips 66 Income Statement

Revenue, expenses, and profitability over time

Phillips 66 generated $134.49B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $4.1B with a 3.07% net margin. Diluted EPS is $10.11, which grew 1.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$134.49BGross Profit (TTM)$16.8BNet Income (TTM)$4.1BEps Diluted (TTM)$10.11
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$71.4B
P/E Ratio17.32
ROE14.78%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)-$2M$6M$9M-$8M—-$10M
Unrealized Foreign Currency Transaction Gain (Loss)-$2M$6M$9M-$8M—-$10M
Foreign Currency Transaction Gain (Loss)-$2M$6M$9M-$8M—-$10M
Foreign exchange gains (losses)-$2M$6M$9M-$8M—-$10M
Income from equity method investments$215M$153M$153M$337M$119M$252M
Foreign Currency Transaction Gain (Loss), Pre-tax-$2M$6M$9M-$8M—-$10M
Foreign Currency Transaction Gain (Loss)-$2M$6M$9M-$8M—-$10M
Foreign currency transaction gain (loss)-$2M$6M$9M-$8M—-$10M
Foreign Currency Transaction Gain (Loss), Before Tax-$2M$6M$9M-$8M—-$10M
Other income (expense), net$4M$56M$139M$116M$127M$204M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accretion Expense$13M$12M$10M$12M$13M$12M
Depreciation and amortization$819M$791M$816M$826M$818M$558M
Other Costs and Expenses$1.6B$1.6B$1.4B$1.5B$1.9B$1.9B
Impairment of Goodwill and Purchased Intangible Assets$37M$26M$4M$951M$79M$8M
Other operating charges$1.6B$1.6B$1.4B$1.5B$1.9B$1.9B
Taxes other than income taxes$62M$233M$218M$221M$119M$234M
Goodwill and indefinite-lived intangible asset impairment$37M$26M$4M$951M$79M$8M
Selling, general and administrative$511M$519M$582M$792M$544M$537M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.04$1.19$2.15$0.32$7.15$0.51
Diluted earnings per share$0.05$1.18$2.15$0.32$7.13$0.51
Weighted-average shares, basic420.2M409.2M406.8M404.5M406M402M
Weighted-average shares, diluted421.9M410.5M407.9M405.5M408.1M403.3M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$2.9B$2.8B$4.2B$4.3B$5B$3.3B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$0$122M$212M$32M$526M$41M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$8M$487M$877M$133M$2.9B$207M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cost And Expenses$34B$31.1B$32.4B$34.8B$32.9B$32.7B
Gain (Loss), Foreign Currency Transaction, before Tax-$2M$6M$9M-$8M—-$10M
Interest and Debt Expense$220M$221M$264M$259M$295M$286M
Revenue From Contract With Customer Excluding Assessed Tax$33.7B$30.4B$33.3B$34.5B$34.1B$32.5B
Taxes other than income taxes and other – net$62M$233M$218M$221M$119M$234M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenues And Other Income$34B$31.7B$33.5B$35B$36.3B$33B
Total revenue$33.7B$30.4B$33.3B$34.5B$34.1B$32.5B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$30.8B$27.7B$29.1B$30.2B$29.1B$29.2B