National Income Statement

Last Updated: October 04, 2026 at 02:03 PM 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 53,243,100 53,598,200 54,534,300 56,153,600
COGS 22,062,600 22,135,700 22,628,000 23,590,600
Gross Profit 31,180,493 31,462,523 31,906,274 32,563,030
OpEx (Total) 17,972,242 18,213,155 18,370,556 18,565,741
OpEx (Employee Comp) 15,798,690 15,965,499 16,185,267 16,371,902
OpEx (Wages and Salary) 13,064,167 13,189,650 13,357,154 13,504,412
OpEx (Supplements) 2,734,523 2,775,849 2,828,113 2,867,491
OpEx (Tax on Product) 2,308,806 2,357,982 2,337,166 2,341,784
OpEx (Subsidies) 135,254 110,326 151,877 147,945
EBITDA
Gross Operating Surplus (Calculated, reconciliation) 13,208,251 13,249,368 13,535,718 13,997,289
Depreciation 5,099,491 5,194,981 5,259,482 5,358,760
Operating Income (EBIT), Output Perspective
Statiscal Discrepancy 12,620 -146,218 -152,438 -189,498
Operating Income (EBIT) 8,096,140 8,200,605 8,428,673 8,828,026
Business Transfers 296,074 275,162 266,096 255,722
Proprietors' Income 2,029,073 2,030,454 2,093,918 2,122,305
Rental Income 1,142,768 1,145,853 1,167,346 1,194,385
Government Enterprises -43,719 -48,764 -55,005 -59,249
Corporate Profit 3,548,814 3,678,137 3,806,589 4,163,045
Interest Expense 1,123,129 1,119,763 1,149,729 1,151,818
EBT 6,973,011 7,080,842 7,278,944 7,676,208
Margins (%)
Gross Margin 58.6% 58.7% 58.5% 58.0%
EBITDA Margin
EBIT Margin 15.2% 15.3% 15.5% 15.7%
EBT Margin 13.1% 13.2% 13.3% 13.7%
Note (NAT-LIN-001):
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.