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Other financials

Income statement

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Revenue$44.5B+48.8%
Gross profit$5.5B+338%
Operating income$5.2B+421%
EPS (diluted)$12.62+454%

Balance sheet

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Cash & equivalents$7.9B+73.6%
Total debt$11.3B+6.6%
Total equity$25.0B+3.8%
Total assets$64.7B+8.8%

Cash flow

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Operating cash flow$5.6B+496%
CapEx$409.0M-4.7%
Free cash flow$1.5B+70.0%

Valuation

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Market cap$111.6B+130%
Enterprise value$115.08B+112%
P/E15.5×-17.0×
P/S0.8×+0.4×

Profitability

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Gross margin8%+5.5pp
Operating margin7.2%+6.4pp
Net margin5.2%+4.6pp
FCF margin3.5%—

Returns & leverage

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Return on equity29.4%+26.3pp
Debt / equity0.5×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Valero Energy in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Valero Energy’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 12:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050937
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Income tax expense1,0942791,49514
Net income4,0736635,39511
Less: Net income (loss) attributable to noncontrolling interests353(51)412(108)
Net income attributable to Valero Energy Corporationstockholders$3,720$714$4,983$119
Earnings per common share$12.62$2.28$16.79$0.37
Weighted-average common shares outstanding (in millions)294312296313
Earnings per common share – assuming dilution$12.62$2.28$16.78$0.37
Weighted-average common shares outstanding –assuming dilution (in millions)294312296313

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Valero Energy's net income?
Valero Energy (VLO) reported net income of $3.72B in Q2 2026.
How has Valero Energy's net income changed year-over-year?
Valero Energy's net income increased by 421.0% year-over-year, from $714M to $3.72B.
What is the long-term trend for Valero Energy's net income?
Over 4 years (2021 to 2025), Valero Energy's net income has grown at a 26.1% compound annual growth rate (CAGR), from $930M to $2.35B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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