Revenue
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.81B | $12.46B | $12.74B | $19.23B | $14.96B | $11.42B | $12.17B | $14.21B | $12.61B | $10.63B | $10.34B | $12.30B | $9.66B | $8.79B | $8.86B | $8.53B | — | — | — |
| Operating expenses | $13.44B | $10.37B | $10.50B | $17.48B | $13.47B | $9.87B | $10.74B | $12.62B | $10.90B | $9.14B | $9.10B | $10.71B | $8.46B | $7.51B | $7.44B | $7.05B | $6.76B | $8.07B | $6.87B |
| Operating income | $2.37B | $2.09B | $2.24B | $1.75B | $1.50B | $1.55B | $1.43B | $1.59B | $1.71B | $1.49B | $1.24B | $1.59B | $1.20B | $1.28B | $1.42B | $1.47B | $1.25B | $1.26B | $1.60B |
| Operating margin | 15.01% | 16.79% | 17.60% | 9.09% | 9.99% | 13.61% | 11.75% | 11.22% | 13.57% | 13.98% | 11.99% | 12.93% | 12.45% | 14.55% | 16.04% | 17.24% | — | — | — |
| EBITDA | $4.21B | $3.82B | $3.85B | $3.22B | $2.87B | $2.85B | $2.60B | $2.72B | $2.74B | $2.46B | $2.09B | $2.73B | $2.30B | $2.30B | $2.42B | $2.50B | $2.27B | $2.16B | $2.53B |
| EBITDA margin | 26.65% | 30.69% | 30.20% | 16.73% | 19.19% | 24.92% | 21.36% | 19.12% | 21.74% | 23.16% | 20.23% | 22.23% | 23.78% | 26.13% | 27.27% | 29.29% | — | — | — |
| Net income | $1.46B | $1.40B | $1.40B | $1.08B | $907.0M | $1.37B | $1.17B | $1.12B | $1.13B | $868.0M | $727.0M | $905.0M | $661.0M | $610.0M | $711.0M | $630.0M | $532.0M | $546.0M | $971.0M |
| Net profit margin | 9.24% | 11.27% | 10.96% | 5.63% | 6.06% | 11.98% | 9.61% | 7.88% | 9.00% | 8.17% | 7.03% | 7.36% | 6.84% | 6.94% | 8.03% | 7.39% | — | — | — |
| Basic EPSper basic share | $7.04 | $6.78 | $6.77 | $5.53 | $4.68 | $7.09 | $6.32 | $6.18 | $6.32 | $4.84 | $4.05 | $5.11 | $3.76 | $3.56 | $4.19 | $3.75 | $3.24 | $3.34 | $5.70 |
| Diluted EPSper diluted share | $7.03 | $6.77 | $6.76 | $5.52 | $4.67 | $7.08 | $6.31 | $6.17 | $6.32 | $4.83 | $4.05 | $5.10 | $3.76 | $3.55 | $4.18 | $3.74 | $3.24 | $3.34 | $5.69 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 12.35%25.7M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 6.04%12.57M shares |
Capital Research Global Investors | 6.01%12.5M shares |
STATE STREET CORP | 5.40%11.23M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 5.37%11.18M shares |
Capital World Investors | 4.80%9.99M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.82%5.87M shares |
AMERIPRISE FINANCIAL INC | 2.69%5.61M shares |
Jupiter Topco LLC | 1.51%3.13M shares |
Invesco Ltd. | 1.43%2.98M shares |
BANK OF AMERICA CORP /DE/ | 1.32%2.74M shares |
AQR CAPITAL MANAGEMENT LLC | 1.25%2.61M shares |
MORGAN STANLEY | 1.24%2.57M shares |
Boston Partners | 1.19%2.48M shares |
Soroban Capital Partners LP | 0.92%1.92M shares |
FRANKLIN RESOURCES INC | 0.81%1.69M shares |
NORTHERN TRUST CORP | 0.80%1.66M shares |
GOLDMAN SACHS GROUP INC | 0.79%1.64M shares |
BARCLAYS PLC | 0.78%1.63M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.68%1.41M shares |
Percentages use 208.09M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 14, 2026Form 4 | Muschong Lisa A.VP, Corp Sec & Chief of Staff | SellCommon Stock | 1.0K | $143.72 | $143.7K | 6.2K |
| Aug 14, 2025Form 4 | Muschong Lisa A.VP, Corp Sec & Chief of Staff | SellCommon Stock | 1.6K | $140.53 | $224.8K | 4.2K |
| Feb 24, 2025Form 4 | Chavez JoAnnSr VP & Chief Legal Officer | SellCommon Stock | 7.1K | $132.40 | $935.0K | 14.1K |
| Feb 19, 2025Form 4 | Myrick Tracy JChief Accounting Officer | SellCommon Stock | 1.0K | $129.92 | $131.7K | 3.4K |
| Feb 19, 2025Form 4 | Paul Matthew T.Pres. & COO-DTE Electric Co. | SellCommon Stock · indirect | 3.8K | $129.56 | $492.5K | 7.0K |