National Income Statement

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

Author

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

National Income Statement (Mln$, SAAR)
Accounting Concept 2025Q3 2025Q4 2026Q1 2026Q2
Gross Revenue 53,465,700 53,831,000 54,737,800
COGS 22,367,700 22,408,400 22,872,100
Gross Profit 31,098,027 31,422,526 31,865,721 32,475,210
OpEx (Total) 18,025,207 18,223,271 18,326,420 18,494,713
OpEx (Employee Comp) 15,859,761 15,971,853 16,103,887 16,251,872
OpEx (Wages and Salary) 13,072,222 13,158,885 13,267,596 13,391,947
OpEx (Supplements) 2,787,539 2,812,968 2,836,291 2,859,925
OpEx (Tax on Product) 2,289,609 2,348,021 2,357,112 2,371,204
OpEx (Subsidies) 124,163 96,603 134,579 128,363
Gross Operating Surplus (EBITDA-like)
Gross Operating Surplus (Calculated, reconciliation) 13,072,820 13,199,255 13,539,301 13,980,497
Depreciation 5,112,107 5,210,081 5,277,498 5,378,355
Operating Income (EBIT), Output Perspective
Statiscal Discrepancy 308,593 222,586 291,499
Operating Income (EBIT) 7,652,120 7,766,589 7,970,304
Business Transfers 293,394 286,013 279,524 268,914
Proprietors' Income 2,117,675 2,111,332 2,138,045 2,162,796
Rental Income 1,112,239 1,110,995 1,127,650 1,150,156
Government Enterprises -52,832 -56,602 -59,791 -64,983
Corporate Profit 3,583,317 3,724,969 3,864,373
Interest Expense 598,325 589,883 620,503
EBT 7,053,795 7,176,706 7,349,801
Margins (%)
Gross Margin 58.2% 58.4% 58.2%
EBITDA-like Margin
EBIT Margin 14.3% 14.4% 14.6%
EBT Margin 13.2% 13.3% 13.4%
Note (LABEL-001 / NAT-LIN-001):
Gross Operating Surplus (EBITDA-like) and EBITDA-like Margin are national-accounts operating-surplus measures, presented as an approximate GAAP-EBITDA analogue -- not a GAAP EBITDA figure. GrossOpSurplus.Calculated (GrossValueAdded - OpEx) is shown for reconciliation only; the canonical displayed GrossOpSurplus is the value reported directly by BEA.
Source: U.S. Bureau of Economic Analysis (BEA), National Income and Product Accounts / GDP-by-Industry data, retrieved via the BEA API.