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.

Comcast Corp., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	29,940)	31,457)	32,309)	31,198)	30,313)	29,887)	31,915)	32,070)	29,688)	30,058)	31,253)	30,115)	30,513)	29,691)	30,552)	29,849)	30,016)	31,010)	30,336)	30,298)	28,546)	27,205)
Programming and production	(8,389)	(10,884)	(10,305)	(8,655)	(7,576)	(8,415)	(10,026)	(10,216)	(7,961)	(8,823)	(10,257)	(8,652)	(8,849)	(9,004)	(9,807)	(8,949)	(8,887)	(10,570)	(9,880)	(10,395)	(9,256)	(8,919)
Gross profit	21,551)	20,573)	22,004)	22,543)	22,737)	21,472)	21,889)	21,854)	21,727)	21,235)	20,996)	21,463)	21,664)	20,687)	20,745)	20,900)	21,129)	20,440)	20,456)	19,903)	19,290)	18,286)
Marketing and promotion	(2,258)	(2,164)	(2,427)	(2,196)	(2,168)	(2,071)	(2,144)	(1,989)	(1,922)	(2,018)	(2,042)	(1,866)	(2,100)	(1,963)	(2,182)	(2,066)	(2,196)	(2,062)	(2,233)	(1,995)	(1,851)	(1,616)
Other operating and administrative	(10,445)	(10,408)	(11,900)	(10,794)	(10,423)	(9,894)	(10,920)	(10,128)	(9,630)	(9,856)	(10,942)	(9,629)	(9,317)	(9,301)	(10,560)	(9,344)	(9,098)	(9,261)	(9,821)	(8,980)	(8,549)	(8,269)
Depreciation	(2,391)	(2,333)	(2,394)	(2,353)	(2,349)	(2,231)	(2,182)	(2,219)	(2,153)	(2,175)	(2,192)	(2,203)	(2,195)	(2,264)	(2,199)	(2,150)	(2,162)	(2,213)	(2,221)	(2,177)	(2,113)	(2,117)
Amortization	(1,297)	(1,533)	(1,795)	(1,666)	(1,805)	(1,618)	(1,650)	(1,659)	(1,387)	(1,376)	(1,336)	(1,290)	(1,343)	(1,513)	(1,273)	(1,183)	(1,306)	(1,335)	(1,360)	(1,301)	(1,270)	(1,245)
Goodwill and long-lived asset impairments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(8,583)	—)	—)	—)	—)	—)	—)
Operating income (loss)	5,160)	4,135)	3,488)	5,534)	5,992)	5,658)	4,993)	5,859)	6,635)	5,810)	4,484)	6,475)	6,709)	5,646)	4,531)	(2,426)	6,367)	5,569)	4,821)	5,450)	5,507)	5,039)
Interest expense	(1,052)	(1,094)	(1,126)	(1,128)	(1,105)	(1,050)	(1,069)	(1,037)	(1,026)	(1,002)	(1,019)	(1,060)	(998)	(1,010)	(975)	(960)	(968)	(993)	(1,120)	(1,050)	(1,093)	(1,018)
Investment and other income (loss), net	504)	(308)	(203)	62)	9,760)	(116)	(350)	(3)	(434)	297)	579)	50)	15)	607)	114)	(266)	(897)	188)	185)	766)	1,216)	390)
Income (loss) before income taxes	4,612)	2,733)	2,159)	4,468)	14,647)	4,492)	3,574)	4,819)	5,175)	5,105)	4,044)	5,465)	5,726)	5,243)	3,670)	(3,652)	4,502)	4,764)	3,886)	5,166)	5,630)	4,411)
Income tax expense	(1,193)	(706)	(88)	(1,219)	(3,603)	(1,196)	1,111)	(1,243)	(1,336)	(1,328)	(890)	(1,468)	(1,537)	(1,476)	(796)	(1,014)	(1,261)	(1,288)	(906)	(1,235)	(2,000)	(1,119)
Net income (loss)	3,419)	2,027)	2,071)	3,249)	11,044)	3,296)	4,685)	3,576)	3,839)	3,777)	3,154)	3,997)	4,189)	3,767)	2,874)	(4,666)	3,241)	3,476)	2,980)	3,931)	3,630)	3,292)
Net loss attributable to noncontrolling interests	107)	147)	97)	83)	79)	79)	92)	53)	90)	80)	106)	49)	59)	67)	149)	68)	155)	73)	77)	104)	108)	37)
Net income (loss) attributable to Comcast Corporation	3,526)	2,174)	2,168)	3,332)	11,123)	3,375)	4,777)	3,629)	3,929)	3,857)	3,260)	4,046)	4,248)	3,834)	3,023)	(4,598)	3,396)	3,549)	3,057)	4,035)	3,738)	3,329)

The financial performance over the observed period is characterized by steady revenue growth and consistent gross profit margins, punctuated by significant non-recurring items that impacted net income. Revenue transitioned from 27,205 million dollars in March 2021 to a peak of 32,309 million dollars by December 2025, reflecting a general upward trajectory despite short-term quarterly fluctuations.

Revenue and Gross Profit Trends: Revenue grew incrementally from 2021 through 2026, with a notable period of stability between 2023 and 2025 where quarterly figures frequently exceeded 30,000 million dollars. Gross profit followed a similar positive trend, rising from 18,286 million dollars in the first quarter of 2021 to 21,551 million dollars by June 2026, indicating an improvement in the direct cost efficiency of programming and production.
Operating Expense Analysis: Programming and production expenses remained volatile, typically fluctuating between 7,500 million and 10,800 million dollars. Other operating and administrative expenses showed a more consistent upward trend, increasing from approximately 8,269 million dollars in March 2021 to over 10,000 million dollars in the latter half of the period. Marketing and promotion costs remained relatively stable, generally hovering around the 2,000 million dollar mark per quarter.
Operating Income and Extraordinary Impairments: Operating income generally remained positive, typically ranging between 4,000 million and 6,700 million dollars. However, a significant anomaly occurred on September 30, 2022, where a goodwill and long-lived asset impairment of 8,583 million dollars resulted in an operating loss of 2,426 million dollars. Aside from this event, operating profitability remained resilient.
Net Income and Non-Operating Influence: Net income attributable to the corporation typically fluctuated between 2,000 million and 4,700 million dollars. A substantial outlier is observed in June 2025, where net income surged to 11,123 million dollars. This spike was driven by a one-time investment and other income gain of 9,760 million dollars, rather than core operating performance. Conversely, the September 2022 impairment led to a net loss of 4,598 million dollars.
Financial Obligations and Tax Impacts: Interest expenses remained highly consistent, averaging approximately 1,000 million to 1,100 million dollars per quarter throughout the entire period. Income tax expenses showed significant volatility, including a notable tax benefit of 1,111 million dollars in December 2024 and a high expense of 3,603 million dollars in June 2025, coinciding with the aforementioned investment gain.

Overall, the core operations demonstrate stability and growth in both top-line revenue and gross profit. The volatility in net income is primarily attributable to non-operating items, specifically a large-scale asset impairment in 2022 and a significant investment gain in 2025, rather than fundamental shifts in the company's operating model.

AI Ask an analyst for more

Download chart

Comcast Corp. (NASDAQ:CMCSA)

Income StatementQuarterly Data

Income Statement
Quarterly Data