GE Aerospace (GE) Income Statement
GE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGE revenue and net income
Where GE's revenue goes
2025Each bar shows an amount and its share of revenue. GE kept 19.0% of revenue as net income.
GE profit margins
GE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.5% | −15.7% | −9.6% | −8.8% |
| Gross profit | +17.3% | +6.9% | −1.2% | −6.3% |
| Operating income | +29.7% | +67.7% | +84.6% | −5.0% |
| Net income | +32.8% | +210.1% | +8.8% | — |
| EPS (diluted) | +42.1% | +34.7% | +81.9% | −5.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GE quarterly EPS vs estimates
GE Aerospace beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 20, 2026 (estimate $2.02).
GE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.85B | $38.70B | $35.35B | $76.56B | $56.47B | $75.83B | $90.22B | $97.01B | $99.28B | $119.47B |
| Cost of revenue | $28.97B | $24.31B | $22.94B | $55.53B | $43.38B | $57.87B | $64.85B | $69.40B | $75.59B | $87.65B |
| Gross profit | $16.89B | $14.39B | $12.41B | $13.83B | $13.09B | $17.96B | $25.37B | $27.61B | $23.69B | $31.82B |
| Research & development | $1.58B | $1.29B | $1.01B | $2.81B | $1.68B | $2.56B | $3.12B | $3.42B | $4.74B | $4.78B |
| Sales, general & admin | $4.09B | $6.35B | $6.68B | $12.78B | $10.35B | $14.99B | $17.10B | $17.43B | $26.43B | $18.38B |
| Total operating expenses | $8.12B | $7.63B | $7.69B | $13.55B | $12.03B | $17.55B | $20.22B | $20.85B | $26.43B | $17.64B |
| Operating income | $8.77B | $6.76B | $4.72B | $1.86B | $1.06B | $409.0M | $5.15B | $6.76B | −$2.74B | $14.18B |
| Interest income | $946.0M | $813.0M | $721.0M | $681.0M | $2.11B | $2.61B | $1.22B | $669.0M | $944.0M | $896.0M |
| Interest expense | $843.0M | $986.0M | $1.03B | $1.48B | $1.79B | $3.52B | $2.93B | $4.77B | $4.66B | $5.02B |
| Income before taxes | $10.00B | $7.62B | $10.44B | −$799.0M | −$5.70B | $5.97B | −$54.0M | −$20.99B | −$11.35B | $7.03B |
| Income taxes | $1.41B | $962.0M | $994.0M | $476.0M | −$757.0M | −$487.0M | $552.0M | $93.0M | −$2.81B | −$1.13B |
| Net income | $8.70B | $6.56B | $9.48B | $292.0M | −$6.34B | $5.70B | −$4.98B | −$22.36B | −$8.48B | $7.50B |
| EBITDA | $12.06B | $9.79B | $12.65B | $4.76B | −$1.54B | $12.95B | $6.41B | −$9.64B | −$496.0M | $19.12B |
| EPS (diluted) | $6.38 | $4.49 | $2.80 | $2.61 | $2.13 | $0.32 | $5.36 | $5.28 | $8.40 | $12.00 |
| Gross margin | 36.8% | 37.2% | 35.1% | 18.1% | 23.2% | 23.7% | 28.1% | 28.5% | 23.9% | 26.6% |
| Operating margin | 19.1% | 17.5% | 13.3% | 2.4% | 1.9% | 0.5% | 5.7% | 7.0% | −2.8% | 11.9% |
| Net margin | 19.0% | 16.9% | 26.8% | 0.4% | −11.2% | 7.5% | −5.5% | −23.0% | −8.5% | 6.3% |
| 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 | $13.35B | $12.39B | $12.72B | $12.22B | $11.02B | $9.93B | $10.81B | $9.84B | $9.09B | $8.96B | $19.42B | $9.30B |
| Cost of revenue | $8.67B | $7.92B | $8.36B | $7.76B | $6.85B | $6.00B | $6.76B | $6.23B | $5.58B | $5.75B | $14.40B | $5.99B |
| Gross profit | $4.68B | $4.47B | $4.35B | $4.46B | $4.18B | $3.94B | $4.05B | $3.62B | $3.52B | $3.21B | $5.03B | $3.31B |
| Research & development | $460.0M | $440.0M | $448.0M | $415.0M | $359.0M | $359.0M | $385.0M | $331.0M | $300.0M | $270.0M | $551.0M | $247.0M |
| Sales, general & admin | $1.13B | $1.08B | $997.0M | $1.20B | $1.72B | $1.58B | $4.34B | $2.04B | $1.59B | $1.65B | $9.95B | $1.71B |
| Total operating expenses | $2.19B | $1.58B | $2.00B | $1.66B | $2.08B | $1.94B | $1.44B | $2.38B | $1.89B | $1.92B | $3.83B | $1.96B |
| Operating income | $2.49B | $2.89B | $2.36B | $2.80B | $2.10B | $2.00B | $2.60B | $1.24B | $1.63B | $1.29B | $1.20B | $1.35B |
| Interest income | $146.0M | — | $450.0M | $162.0M | $160.0M | $173.0M | $197.0M | $187.0M | $200.0M | $252.0M | $205.0M | $849.0M |
| Interest expense | $215.0M | $230.0M | $250.0M | $225.0M | $158.0M | $210.0M | $224.0M | $251.0M | $248.0M | $263.0M | $296.0M | $270.0M |
| Income before taxes | $2.80B | $2.20B | $2.85B | $2.52B | $2.39B | $2.25B | $2.29B | $1.89B | $1.45B | $1.99B | $2.01B | $333.0M |
| Income taxes | $407.0M | $252.0M | $390.0M | $344.0M | $388.0M | $283.0M | $395.0M | $198.0M | $125.0M | $244.0M | $421.0M | $26.0M |
| Net income | $2.37B | $1.90B | $2.54B | $2.16B | $2.03B | $1.98B | $1.90B | $1.85B | $1.27B | $1.54B | $1.59B | $352.0M |
| EBITDA | $3.02B | $2.74B | $3.41B | $3.04B | $2.86B | $2.75B | $2.81B | $2.46B | $1.98B | $2.54B | $2.84B | $895.0M |
| EPS (diluted) | $2.02 | $1.86 | $1.57 | $1.66 | $1.66 | $1.49 | $1.32 | $1.15 | $1.20 | $0.82 | $1.03 | $0.82 |
| Gross margin | 35.0% | 36.1% | 34.2% | 36.5% | 37.9% | 39.7% | 37.5% | 36.7% | 38.7% | 35.8% | 25.9% | 35.6% |
| Operating margin | 18.6% | 23.3% | 18.5% | 22.9% | 19.0% | 20.2% | 24.1% | 12.6% | 17.9% | 14.4% | 6.2% | 14.5% |
| Net margin | 17.8% | 15.4% | 20.0% | 17.6% | 18.4% | 19.9% | 17.6% | 18.8% | 13.9% | 17.2% | 8.2% | 3.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GE's financial statements (latest annual report filed January 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GE financial results
In fiscal year 2025 (ended December 31, 2025), GE Aerospace reported revenue of $45.9 billion, up 18.5% from the year before. It had net income of $8.7 billion (up 32.8%), a net profit margin of 19.0%. Diluted earnings per share came to $6.38. Over five years revenue grew at an average rate of −9.6% a year.
See the GE stock overview for the latest quote and news, or the GE chart for price history and technical indicators.
GE income statement FAQ
What is GE Aerospace's annual revenue?
GE Aerospace reported total revenue of $45.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 18.5% from $38.7 billion the previous year.
Is GE Aerospace profitable?
Yes. GE Aerospace reported net income of $8.7 billion in fiscal 2025, a net profit margin of 19.0%; its operating margin was 19.1%.
What is GE Aerospace's gross margin?
GE Aerospace's gross margin was 36.8% in fiscal 2025: for every $100 of revenue, GE Aerospace kept $37 after the direct cost of its products and services.
How much does GE Aerospace spend on research and development?
GE Aerospace spent $1.6 billion on research and development in fiscal 2025, 3.4% of revenue.
How fast is GE Aerospace growing?
Revenue grew −9.6% a year on average over the last five fiscal years, from $75.8 billion to $45.9 billion.
What are GE Aerospace's earnings per share?
GE Aerospace earned $6.38 per diluted share in fiscal 2025, compared with $4.49 a year earlier.
When will GE Aerospace report its next earnings?
GE Aerospace is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 before the market opens.
When does GE Aerospace's fiscal year end?
GE Aerospace's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on January 29, 2026.