Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Comcast Corp., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Revenue Trends
- Revenue exhibited fluctuations over the periods analyzed, starting at approximately $26.6 billion in Q1 2020, dipping to about $23.7 billion in Q2 2020, then gradually increasing to reach a peak near $31.3 billion in Q4 2023. The data shows multiple rises and falls, with no consistent upward or downward trend, ending around $29.9 billion in Q1 2025.
- Cost of Programming and Production
- This expense varied significantly, showing large negative values indicative of high costs. Initial costs started around $8.3 billion in Q1 2020, fluctuated through the periods, and peaked with substantial increases close to $10.2 billion in various quarters, such as Q4 2023. There appears to be no steady improving or worsening trend but rather volatility in programming and production costs.
- Gross Profit
- Gross profit remained relatively stable between $16.9 billion to $22 billion across the quarters, generally increasing until Q4 2024 before a slight decrease in Q1 2025. The stability suggests that despite volatility in revenue and programming costs, gross profit margins held steady.
- Marketing and Promotion Expenses
- Marketing and promotion costs fluctuated between approximately $1.3 billion and $2.1 billion. There is no clear trend of increase or decrease, but the data reflects relatively consistent quarterly expenses with minor variations.
- Other Operating and Administrative Expenses
- These expenses generally increased over time, starting at about $8.3 billion in Q1 2020 and rising to over $10.9 billion in several quarters such as Q4 2023 and Q4 2024. This indicates growing administrative costs that may impact operating margins.
- Depreciation and Amortization
- Depreciation costs remained fairly stable, fluctuating narrowly around $2.1 billion, with no significant trend. Amortization showed a mild upward trend from roughly $1.1 billion to peaks near $1.7 billion, contributing somewhat more to expenses in later periods.
- Goodwill and Long-Lived Asset Impairments
- A notable impairment of approximately $8.6 billion occurs in Q3 2022. This substantial non-recurring charge impacts profitability for that quarter dramatically.
- Operating Income (Loss)
- Operating income mostly remained positive, fluctuating between approximately $3.9 billion and $6.7 billion. The exception is a sharp loss in Q3 2022 of about $2.4 billion, corresponding with the large impairment noted. Generally, operating income reflects resilience with occasional volatility.
- Interest Expense
- Interest expense remained steady, between about $0.96 billion to $1.22 billion, showing no clear upward or downward trend, reflecting consistent debt servicing costs.
- Investment and Other Income (Loss), Net
- Investment income showed considerable volatility, with both positive and negative amounts, peaking positively above $1.2 billion in some quarters and negatively reaching around $0.9 billion in others. This irregular pattern suggests variable returns from investments or other income sources.
- Income Before Income Taxes
- This measure echoed operating income patterns with values ranging from about $2.8 billion to $5.6 billion, except for a large negative value of nearly $3.7 billion in Q3 2022, indicating the impact of unusual items this quarter.
- Income Tax Expense
- Income tax expense fluctuated widely but remained generally negative with a range of approximately $0.7 billion to over $2 billion in several quarters. An exception occurred in Q1 2025 with a positive tax figure, possibly indicating a tax benefit or adjustment.
- Net Income (Loss)
- Net income showed variability, generally positive, moving between around $2 billion to near $4.7 billion, with a stark loss of approximately $4.7 billion in Q3 2022. The data suggest overall profitability with the notable exception of Q3 2022, which was adversely affected by impairments and other factors.
- Net Income Attributable to Comcast Corporation
- This figure follows the net income trend closely, confirming the significant loss in Q3 2022 and generally stable profitability across other periods, ranging roughly from $2 billion to $4.8 billion.