Popular, Inc. (BPOP) Income Statement
BPOP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBPOP revenue and net income
Where BPOP's revenue goes
2025Each bar shows an amount and its share of revenue. BPOP kept 18.8% of revenue as net income.
BPOP profit margins
BPOP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.7% | +11.0% | +12.2% | +7.6% |
| Gross profit | +15.1% | +0.8% | +8.3% | +5.7% |
| Operating income | +26.4% | −6.6% | +10.2% | +9.7% |
| Net income | +35.6% | −8.9% | +10.5% | −0.7% |
| EPS (diluted) | +35.1% | +4.4% | +15.4% | +13.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BPOP quarterly EPS vs estimates
Popular beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $3.89).
BPOP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.43B | $4.19B | $3.76B | $3.24B | $2.64B | $2.49B | $2.79B | $2.65B | $2.12B | $1.91B |
| Cost of revenue | $1.50B | $1.65B | $1.32B | $381.6M | −$28.4M | $527.5M | $534.9M | $515.0M | $549.4M | $382.5M |
| Gross profit | $2.93B | $2.54B | $2.44B | $2.85B | $2.67B | $1.96B | $2.26B | $2.13B | $1.57B | $1.53B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.04B | $977.0M | $979.0M | $835.5M | $730.4M | $658.9M | $955.0M | $895.9M | $783.9M | $784.3M |
| Total operating expenses | $1.92B | $1.74B | $1.76B | $1.62B | $1.43B | $1.35B | $1.44B | $1.39B | $1.23B | $1.23B |
| Operating income | $1.01B | $796.6M | $675.5M | $1.23B | $1.24B | $618.6M | $818.3M | $737.7M | $338.5M | $294.3M |
| Interest income | $3.78B | $3.67B | $3.09B | $2.47B | $2.12B | $2.09B | $2.26B | $2.02B | $1.73B | $1.63B |
| Interest expense | $1.24B | $1.39B | $1.11B | $298.6M | $165.0M | $234.9M | $369.1M | $287.0M | $224.0M | $212.5M |
| Income before taxes | $1.01B | $796.6M | $675.5M | $1.23B | $1.24B | $618.6M | $818.3M | $737.7M | $338.5M | $294.3M |
| Income taxes | $173.6M | $182.4M | $134.2M | $132.3M | $309.0M | $111.9M | $147.2M | $119.6M | $230.8M | $78.8M |
| Net income | $833.2M | $614.2M | $541.3M | $1.10B | $934.9M | $506.6M | $671.1M | $618.2M | $107.7M | $216.7M |
| EBITDA | $1.06B | $856.6M | $737.2M | $1.29B | $1.31B | $683.4M | $885.8M | $800.4M | $396.3M | $353.4M |
| EPS (diluted) | $12.19 | $9.02 | $8.17 | $10.72 | $11.45 | $5.96 | $6.87 | $4.97 | $3.44 | $3.44 |
| Gross margin | 66.1% | 60.7% | 64.8% | 88.2% | 101.1% | 78.8% | 80.8% | 80.5% | 74.1% | 80.0% |
| Operating margin | 22.7% | 19.0% | 18.0% | 38.2% | 47.1% | 24.8% | 29.3% | 27.9% | 16.0% | 15.4% |
| Net margin | 18.8% | 14.7% | 14.4% | 34.1% | 35.4% | 20.3% | 24.0% | 23.4% | 5.1% | 11.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.11B | $1.12B | $1.10B | $1.07B | $1.03B | $1.05B | $1.07B | $1.05B | $1.02B | $1.01B | $966.4M |
| Cost of revenue | $354.1M | $277.0M | $370.0M | $395.3M | $361.3M | $375.5M | $395.1M | $436.4M | $400.4M | $416.0M | $412.0M | $355.9M |
| Gross profit | $811.3M | $835.8M | $754.4M | $704.2M | $713.2M | $655.8M | $654.3M | $630.8M | $648.7M | $607.8M | $594.8M | $610.6M |
| Sales, general & admin | $262.7M | $467.3M | $263.6M | $271.2M | $265.1M | $246.4M | $245.4M | $237.9M | $233.5M | $260.3M | $303.9M | $225.2M |
| Total operating expenses | $487.4M | $543.2M | $475.7M | $456.9M | $454.9M | $433.2M | $432.6M | $433.0M | $430.5M | $448.9M | $501.7M | $428.1M |
| Operating income | $324.0M | $292.6M | $278.6M | $247.3M | $258.3M | $222.6M | $221.7M | $197.8M | $218.2M | $158.9M | $93.1M | $182.5M |
| Interest income | $981.6M | $947.2M | $955.5M | $966.6M | $943.9M | $917.0M | $919.8M | $937.4M | $921.9M | $894.1M | $867.5M | $844.8M |
| Interest expense | $288.2M | $277.0M | $297.9M | $320.1M | $312.3M | $311.4M | $329.0M | $365.0M | $353.6M | $343.4M | $333.3M | $310.8M |
| Income before taxes | $324.0M | $292.6M | $278.6M | $247.3M | $258.3M | $222.6M | $221.7M | $197.8M | $218.2M | $158.9M | $93.1M | $182.5M |
| Income taxes | $45.7M | $46.9M | $44.7M | $36.0M | $47.9M | $45.1M | $43.9M | $42.5M | $40.5M | $55.6M | −$1.5M | $45.9M |
| Net income | $278.2M | $245.7M | $233.9M | $211.3M | $210.4M | $177.5M | $177.8M | $155.3M | $177.8M | $103.3M | $94.6M | $136.6M |
| EBITDA | $324.0M | $306.5M | $293.3M | $261.3M | $271.7M | $235.4M | $232.8M | $214.0M | $234.9M | $175.0M | $109.2M | $198.5M |
| EPS (diluted) | $4.35 | $3.78 | $3.40 | $3.14 | $3.09 | $2.56 | $2.52 | $2.16 | $2.46 | $1.88 | $1.95 | $1.90 |
| Gross margin | 69.6% | 75.1% | 67.1% | 64.0% | 66.4% | 63.6% | 62.3% | 59.1% | 61.8% | 59.4% | 59.1% | 63.2% |
| Operating margin | 27.8% | 26.3% | 24.8% | 22.5% | 24.0% | 21.6% | 21.1% | 18.5% | 20.8% | 15.5% | 9.2% | 18.9% |
| Net margin | 23.9% | 22.1% | 20.8% | 19.2% | 19.6% | 17.2% | 16.9% | 14.6% | 16.9% | 10.1% | 9.4% | 14.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BPOP's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BPOP financial results
In fiscal year 2025 (ended December 31, 2025), Popular reported revenue of $4.4 billion, up 5.7% from the year before. It had net income of $833.2 million (up 35.6%), a net profit margin of 18.8%. Diluted earnings per share came to $12.19. Over five years revenue grew at an average rate of 12.2% a year.
See the BPOP stock overview for the latest quote and news, or the BPOP chart for price history and technical indicators.
BPOP income statement FAQ
What is Popular's annual revenue?
Popular reported total revenue of $4.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.7% from $4.2 billion the previous year.
Is Popular profitable?
Yes. Popular reported net income of $833.2 million in fiscal 2025, a net profit margin of 18.8%; its operating margin was 22.7%.
What is Popular's gross margin?
Popular's gross margin was 66.1% in fiscal 2025: for every $100 of revenue, Popular kept $66 after the direct cost of its products and services.
How fast is Popular growing?
Revenue grew 12.2% a year on average over the last five fiscal years, from $2.5 billion to $4.4 billion.
What are Popular's earnings per share?
Popular earned $12.19 per diluted share in fiscal 2025, compared with $9.02 a year earlier.
When will Popular report its next earnings?
Popular is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Popular's fiscal year end?
Popular's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.