Earnings analysis: what US companies actually reported

Vs Q2, commissions -$71M, interest +$97M

Operating income up 14.3% from Q2, net income up 8.0%

$6.9B profit, a $1.2B AML penalty, CET1 10.9%

$205B of inflows lifted AUM to $15.5T; EPS $10.57

Just over half of record $232B inflow IPO-tied

88.7 combined ratio, policy growth roughly halved

EPS $17.01, up 39% YoY, down 19% from Q2

EPS $0.09, adjusted $2.59, guide raised

$15.3B profit, net buybacks cut to $664M, CET1 13.9%

An 88.4% care ratio with $610M of reserve help

Growth slowed to 10%, and the margin turn is real

A $134.5M tariff refund flattered every headline

A $32M GAAP operating profit built on austerity

$29.6B revenue and GAAP EPS at 81% of non-GAAP

Product revenue +37%, and $456M of stock comp

Record $47B revenue, EPS up 273%, free cash flow −47%

$56.9M GAAP operating loss, $42.6M non-GAAP profit

Operating leverage, as SBC grew 6% and revenue 30%

AI cloud outsold Bitcoin mining, $450M writedown

Record sales; $0.94 headline EPS is 2.8x GAAP $0.33

Record $333M net new ARR, $399M stock comp

Revenue up 18% QoQ, operating cash flow down 52%

51% revenue growth on 26 days of the rule change

Revenue up 18%, full-year subscription revenue up 1%

Revenue grew 74%, and gross profit fell 20%

Revenue grew 21%, and gross profit fell 33%

First revenue of $214,042 came from trucking

Revenue grew 454%; capital spending was 9.7x revenue

The interest bill is larger than the loss

Margin nearly doubled; the year burned $6.8B

A $125.9M write-off, and pre-network revenue

Revenue grew 38%, gross profit grew 15%

Revenue grew 62%, and launch revenue grew 1.8%

Revenue up 51.7%, full-year guide moved to 35%

Growth stepped down to 53%, then 46-48%

Users up 23%, bookings up 8% — that gap is the case

Revenue up 34%, gross margin down to 47.7%

Bookings up 24%, revenue up 12%, and the UK explains it

300M subscribers, a record margin, ad revenue up 1%

Data center revenue doubled, gross margin did not move

Revenue grew 92%, and capex was 2.4 times revenue

Growth accelerated to 93% on a ~$7.7B run rate

$12.1B profit; downstream supplied 43% of the gain

Earnings doubled to $14.5B, adj. refining tripled

A 50.1% gross margin, two points of it tariff refunds

Trading revenue fell 21%, S&S landed below guidance

Revenue up 61%, US daily users slip to 53.2 million

Bookings up 8%, Q3 guided down 14% to 18%

An $8.2B loss on $122 million of software revenue

A $5.6M GAAP profit on a $75.9M operating loss

39.4% AWS margin, $7.6B trailing free cash outflow

Revenue up 28%, free cash flow down 91% to $784M

Azure up 43%, $35.8B of capex, a 45% margin