Reported results from SEC filings: quarterly trend (up to twelve quarters) and annual results.
Quarterly results
Q4 2023 – Q3 2026
Revenue
Revenue
Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included October 9, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals.
Operating income and net income
Operating incomeNet income
Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included October 9, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals.
Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included October 9, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals. FCF = operating cash flow − capital expenditure.
Margins
Operating marginNet marginFCF margin
Source: SEC EDGAR XBRL (10-Q, 10-K), latest filing included October 9, 2026. Some quarterly values (typically Q4 and quarterly cash flow) are derived from reported year-to-date totals. As a percentage of revenue.
Annual results
FY2021 – FY2025
Annual results
RevenueOperating incomeFree cash flow
Source: SEC EDGAR XBRL (10-K), latest filing included October 9, 2026.
Margins
Operating marginNet marginFCF margin
Source: SEC EDGAR XBRL (10-K), latest filing included October 9, 2026.
Quarterly data (USD millions)
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25
Q1 '26
Q2 '26
Q3 '26
Revenue
14,223
13,748
16,658
15,677
15,559
14,040
16,648
16,673
16,003
15,854
19,757
20,186
Operating income
1,322
614
2,267
1,397
1,717
569
2,102
1,684
1,467
501
1,864
1,454
Net income
2,037
37
1,305
1,272
843
240
2,130
1,417
1,219
−289
1,604
756
Operating cash flow
545
2,408
2,449
1,274
1,894
2,378
1,857
1,847
2,260
2,432
1,595
1,713
Capital expenditure
1,602
1,193
1,308
1,328
1,310
1,224
1,209
1,160
907
1,200
1,458
1,413
Free cash flow
−1,057
1,215
1,141
−54
584
1,154
648
687
1,353
1,232
137
300
Operating margin %
9.3
4.5
13.6
8.9
11.0
4.1
12.6
10.1
9.2
3.2
9.4
7.2
Net margin %
14.3
0.3
7.8
8.1
5.4
1.7
12.8
8.5
7.6
−1.8
8.1
3.7
FCF margin %
−7.4
8.8
6.8
−0.3
3.8
8.2
3.9
4.1
8.5
7.8
0.7
1.5
Annual data (USD millions)
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
29,899
50,582
58,048
61,643
63,364
Operating income
1,886
3,661
5,521
5,995
5,822
Net income
280
1,318
4,609
3,457
5,005
Operating cash flow
3,264
6,363
6,464
8,025
8,342
Capital expenditure
3,247
6,366
5,323
5,140
4,499
Free cash flow
17
−3
1,141
2,885
3,843
Operating margin %
6.3
7.2
9.5
9.7
9.2
Net margin %
0.9
2.6
7.9
5.6
7.9
FCF margin %
0.1
0.0
2.0
4.7
6.1
Notes
Operating cash flow minus purchases of property, plant and equipment (capital expenditure), as reported.
Independent research on institutional and insider ownership of U.S.-listed companies. For information only; not investment advice. Figures are drawn from public filings and company reports and may contain errors.