Fourth Quarter and Full Year 2025Financial Highlights
|
Three Months Ended December 31, |
% Change |
Twelve Months Ended December 31, |
% Change |
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|
In millions, except percentages and per share amounts |
2025 |
2024 |
2025 |
2024 |
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|
Revenue |
$ 59,893 |
$ 48,385 |
24% |
$ 200,966 |
$ 164,501 |
22% |
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|
Costs and expenses |
35,148 |
25,020 |
40% |
117,690 |
95,121 |
24% |
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|
Income from operations |
$ 24,745 |
$ 23,365 |
6% |
$ 83,276 |
$ 69,380 |
20% |
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|
Operating margin |
41% |
48% |
41% |
42% |
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|
Provision for income taxes(1) |
$ 2,586 |
$ 2,715 |
(5)% |
$ 25,474 |
$ 8,303 |
207% |
|||||
|
Effective tax rate(1) |
10% |
12% |
30% |
12% |
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|
Net income |
$ 22,768 |
$ 20,838 |
9% |
$ 60,458 |
$ 62,360 |
(3)% |
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|
Diluted earnings per share (EPS) |
$ 8.88 |
$ 8.02 |
11% |
$ 23.49 |
$ 23.86 |
(2)% |
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