Comcast Corporation (CMCSA) Income Statement
CMCSA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCMCSA revenue and net income
Where CMCSA's revenue goes
2025Each bar shows an amount and its share of revenue. CMCSA kept 16.2% of revenue as net income.
CMCSA profit margins
CMCSA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.0% | +0.6% | +3.6% | +5.2% |
| Gross profit | +2.4% | +2.2% | +4.7% | +5.5% |
| Operating income | −11.3% | −3.0% | +3.4% | +2.6% |
| Net income | +23.5% | +55.0% | +13.7% | +9.4% |
| EPS (diluted) | −0.7% | +5.6% | +10.5% | +10.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CMCSA quarterly EPS vs estimates
Comcast beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.98).
CMCSA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $123.71B | $123.73B | $121.57B | $121.43B | $116.39B | $103.56B | $108.94B | $94.51B | $85.03B | $80.74B |
| Cost of revenue | $34.95B | $37.03B | $36.76B | $38.21B | $38.45B | $33.12B | $34.44B | $29.69B | $25.36B | $24.35B |
| Gross profit | $88.76B | $86.70B | $84.81B | $83.21B | $77.94B | $70.44B | $74.50B | $64.81B | $59.67B | $56.39B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $39.97B | $48.61B | $47.16B | $46.77B | $43.31B | $39.85B | $40.42B | $34.79B | $31.97B | $30.07B |
| Total operating expenses | $68.09B | $63.41B | $61.50B | $60.59B | $57.12B | $52.95B | $53.38B | $45.81B | $41.66B | $39.56B |
| Operating income | $20.67B | $23.30B | $23.31B | $22.62B | $20.82B | $17.49B | $21.12B | $19.01B | $18.02B | $16.83B |
| Interest income | — | — | — | — | — | — | $4.42B | $4.09B | $3.00B | $3.03B |
| Interest expense | $4.41B | $4.13B | $4.09B | $3.90B | $4.28B | $4.59B | $4.57B | $3.54B | $3.09B | $2.94B |
| Income before taxes | $25.77B | $18.67B | $20.48B | $9.28B | $19.09B | $14.06B | $17.00B | $15.24B | $15.35B | $14.33B |
| Income taxes | $6.11B | $2.80B | $5.37B | $4.36B | $5.26B | $3.36B | $3.67B | $3.38B | −$7.57B | $5.30B |
| Net income | $20.00B | $16.19B | $15.39B | $5.37B | $14.16B | $10.53B | $13.06B | $11.73B | $22.73B | $8.68B |
| EBITDA | $46.39B | $37.61B | $38.90B | $27.00B | $37.18B | $31.75B | $34.52B | $29.80B | $28.13B | $26.83B |
| EPS (diluted) | $4.30 | $4.33 | $3.97 | $3.65 | $3.24 | $2.61 | $3.12 | $2.56 | $2.06 | $1.75 |
| Gross margin | 71.7% | 70.1% | 69.8% | 68.5% | 67.0% | 68.0% | 68.4% | 68.6% | 70.2% | 69.8% |
| Operating margin | 16.7% | 18.8% | 19.2% | 18.6% | 17.9% | 16.9% | 19.4% | 20.1% | 21.2% | 20.8% |
| Net margin | 16.2% | 13.1% | 12.7% | 4.4% | 12.2% | 10.2% | 12.0% | 12.4% | 26.7% | 10.7% |
| 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 | $29.94B | $31.46B | $32.31B | $31.20B | $30.31B | $29.89B | $31.91B | $32.07B | $29.69B | $30.06B | $31.25B | $30.11B |
| Cost of revenue | $8.39B | $10.88B | $10.30B | $8.65B | $7.58B | $8.41B | $10.03B | $10.22B | $7.96B | $8.82B | $10.26B | $8.65B |
| Gross profit | $21.55B | $20.57B | $22.00B | $22.54B | $22.74B | $21.47B | $21.89B | $21.85B | $21.73B | $21.23B | $21.00B | $21.46B |
| Sales, general & admin | $12.70B | $12.57B | $14.33B | $12.99B | $12.59B | $11.96B | $13.06B | $12.12B | $11.55B | $11.88B | $12.98B | $11.49B |
| Total operating expenses | $16.39B | $16.44B | $18.52B | $17.01B | $16.74B | $15.81B | $16.89B | $15.99B | $15.09B | $15.43B | $16.51B | $14.99B |
| Operating income | $5.16B | $4.13B | $3.49B | $5.53B | $5.99B | $5.66B | $4.99B | $5.86B | $6.63B | $5.81B | $4.48B | $6.47B |
| Interest expense | $1.05B | $1.09B | $1.13B | $1.13B | $1.10B | $1.05B | $1.07B | $1.04B | $1.03B | $1.00B | $1.02B | $1.06B |
| Income before taxes | $4.61B | $2.73B | $2.16B | $4.47B | $14.65B | $4.49B | $3.57B | $4.82B | $5.17B | $5.11B | $4.04B | $5.46B |
| Income taxes | $1.19B | $706.0M | $89.0M | $1.22B | $3.60B | $1.20B | −$1.11B | $1.24B | $1.34B | $1.33B | $890.0M | $1.47B |
| Net income | $3.53B | $2.17B | $2.17B | $3.33B | $11.12B | $3.38B | $4.78B | $3.63B | $3.93B | $3.86B | $3.26B | $4.05B |
| EBITDA | $9.35B | $7.69B | $7.47B | $9.62B | $19.91B | $9.39B | $8.48B | $9.73B | $9.74B | $9.66B | $8.59B | $10.02B |
| EPS (diluted) | $1.04 | $0.79 | $0.84 | $1.12 | $1.25 | $1.09 | $0.96 | $1.12 | $1.21 | $1.04 | $0.84 | $1.08 |
| Gross margin | 72.0% | 65.4% | 68.1% | 72.3% | 75.0% | 71.8% | 68.6% | 68.1% | 73.2% | 70.6% | 67.2% | 71.3% |
| Operating margin | 17.2% | 13.1% | 10.8% | 17.7% | 19.8% | 18.9% | 15.6% | 18.3% | 22.3% | 19.3% | 14.3% | 21.5% |
| Net margin | 11.8% | 6.9% | 6.7% | 10.7% | 36.7% | 11.3% | 15.0% | 11.3% | 13.2% | 12.8% | 10.4% | 13.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CMCSA's financial statements (latest annual report filed February 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CMCSA financial results
In fiscal year 2025 (ended December 31, 2025), Comcast reported revenue of $123.7 billion, down 0.0% from the year before. It had net income of $20.0 billion (up 23.5%), a net profit margin of 16.2%. Diluted earnings per share came to $4.30. Over five years revenue grew at an average rate of 3.6% a year.
See the CMCSA stock overview for the latest quote and news, or the CMCSA chart for price history and technical indicators.
CMCSA income statement FAQ
What is Comcast's annual revenue?
Comcast reported total revenue of $123.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 0.0% from $123.7 billion the previous year.
Is Comcast profitable?
Yes. Comcast reported net income of $20.0 billion in fiscal 2025, a net profit margin of 16.2%; its operating margin was 16.7%.
What is Comcast's gross margin?
Comcast's gross margin was 71.7% in fiscal 2025: for every $100 of revenue, Comcast kept $72 after the direct cost of its products and services.
How fast is Comcast growing?
Revenue grew 3.6% a year on average over the last five fiscal years, from $103.6 billion to $123.7 billion.
What are Comcast's earnings per share?
Comcast earned $4.30 per diluted share in fiscal 2025, compared with $4.33 a year earlier.
When will Comcast report its next earnings?
Comcast is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Comcast's fiscal year end?
Comcast's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 3, 2026.