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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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Total Asset Turnover 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: 2025-06-30), 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 shows moderate fluctuations over the observed periods, with an initial decline from $26,609 million in March 2020 to a low around $23,715 million in June 2020, followed by a generally upward trend, peaking at $32,070 million in September 2024 before experiencing a slight drop by June 2025 to $30,313 million. This indicates variability but an overall growth tendency toward the later periods.
- Programming and Production Expenses
- Programming and production costs exhibit significant volatility, ranging from approximately -$6,817 million to peaks near -$10,416 million. There are marked spikes in certain quarters, such as December 2021 and September 2024, reflecting increased content-related expenditures that potentially coincide with revenue growth phases.
- Gross Profit Analysis
- Gross profit remains relatively stable with a slight tendency to increase over time. It ranges from $16,898 million in June 2020 to a high of about $22,737 million in December 2024. The stability and modest upward movement in gross profit despite variations in programming costs point to effective operational management.
- Marketing and Promotion Expenses
- Marketing and promotion costs fluctuate moderately across the quarters, typically between approximately -$1,341 million and -$2,233 million. There is no clear upward or downward trend, suggesting consistent investment in marketing without significant strategic shifts.
- Other Operating and Administrative Expenses
- This category shows a generally increasing trend in expenses, starting near -$7,646 million in June 2020 and reaching near -$10,942 million by December 2024. This upward trajectory may reflect expanding administrative activities or cost pressures within the operational framework.
- Depreciation and Amortization
- Depreciation expenses remain relatively stable across periods, averaging around -$2,100 million to -$2,300 million. Amortization shows more variation, with a notable increase in the latter periods up to -$1,805 million in December 2024, indicating potentially increased intangible asset amortization or acquisition effects.
- Goodwill and Long-lived Asset Impairments
- A significant one-time impairment of $8,583 million is recorded in September 2022, representing a substantial charge that negatively impacts net income for that quarter. No other impairments of similar magnitude are observed.
- Operating Income (Loss)
- Operating income generally trends upward but is interspersed with significant fluctuations. Notably, a sharp loss of -$2,426 million occurs in September 2022, linked likely to the impairment charge. Outside of this anomaly, operating income remains mostly positive, peaking near $6,709 million in June 2023.
- Interest Expense
- Interest expense is fairly stable, oscillating narrowly between approximately -$960 million and -$1,212 million across all quarters, indicating steady debt-related costs without significant changes in capital structure or borrowing costs.
- Investment and Other Income (Loss), Net
- This item demonstrates high volatility, with values ranging from as low as -$897 million in June 2022 to a substantial positive spike of $9,760 million in June 2025. The extraordinary spike likely reflects exceptional investment gains or one-time income items impacting the financial results for that period.
- Income Before Income Taxes
- The pre-tax income figures track a pattern of volatility paralleling that of operating income, with a significant negative pre-tax income of -$3,652 million in September 2022. Other periods show generally positive outcomes, aligning with operating income trends and reflecting the company's capacity to generate earnings before tax considerations.
- Income Tax Expense
- Income tax expense fluctuates but remains consistently significant, ranging mostly between -$700 million and -$2,000 million, with an unusual positive tax expense of $1,111 million in March 2025. Such fluctuation indicates varying effective tax rates or tax benefits in certain quarters.
- Net Income (Loss)
- Net income shows volatility consistent with other profitability measures, including a substantial net loss of -$4,666 million in September 2022, linked to impairment and operating losses during that quarter. Excluding this anomaly, net income mostly trends positively, peaking at $4,685 million in March 2025, suggesting overall profitability resilience despite episodic challenges.
- Net Income Attributable to Comcast Corporation
- Similar to net income, the amounts attributable to Comcast Corporation show substantial variability, impacted by the impairment event in September 2022 resulting in a loss of approximately -$4,598 million. Otherwise, the data depicts a generally improving profit trend over time, reaching high points around $11,123 million in June 2025, highlighting strong earnings generation after accounting for minority interests.