Corp Income Statement

Last Updated: August 22, 2026 at 10:20 AM EST

Author

Mike Aguilar
/in/mike-aguilar-econ/
mike.aguilar at duke.edu

Corporate Income Statement (Mln$)
Accounting Concept 2025Q3 2025Q4 2026Q1 2026Q2
Gross Profit 18,071,180 18,361,760 18,624,462
Depreciation 2,771,363 2,836,347 2,879,990 2,946,243
OpEx (Total) 11,420,721 11,549,567 11,627,542 11,731,768
Employee Comp 9,962,365 10,046,322 10,129,565 10,223,051
Wages and Salaries 8,423,364 8,492,757 8,566,517 8,648,313
Supplements to Wages and Salaries 1,539,001 1,553,566 1,563,048 1,574,739
Taxes on production 1,458,356 1,503,245 1,497,977 1,508,717
Operating Income 3,879,096 3,975,845 4,116,930
Interest Expense 46,217 3,475 11,499
Business Transfers 249,561 247,402 241,058 231,836
Income Tax 693,569 746,427 802,767
Dividends 1,657,172 1,758,583 1,817,362
IVA -89,076 -70,984 -168,696
CCAdj -90,616 -115,554 -158,267 -177,958
GAAP
EBT 3,763,009 3,911,506 4,191,336
EBT Receipts from RoW 1,095,955 1,163,955 1,144,452
EBT Payments to RoW 574,051 536,828 582,339
Net Income 3,069,440 3,165,079 3,388,569
Retained Earnings 1,412,267 1,406,496 1,571,207
NonGAAP
EBT 3,583,317 3,724,969 3,864,373
Net Income 2,889,748 2,978,542 3,061,606
Retained Earnings 1,232,576 1,219,959 1,244,244
Ratios & Rates (%)
Retention Ratio 42.7% 41.0% 40.6%
Payout Ratio 57.3% 59.0% 59.4%
Effective Tax Rate 19.4% 20.0% 20.8%
Note (CORP-TRN-001):
Tax Rate = Corp.IncomeTax / Corp.EBT.NonGAAP. Left blank when EBT is zero or negative (a loss period), since the ratio is undefined and would otherwise be misleading.
Source: U.S. Bureau of Economic Analysis (BEA), National Income and Product Accounts (corporate profits/income tables), retrieved via the BEA API.