Morningstar Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,446	2,275	2,039	1,871	1,699
Revenue Growth (YoY)	7.49%	11.60%	8.98%	10.08%	22.30%
Cost of Revenue	952.9	895.7	843.5	779.3	698.4
Gross Profit	1,493	1,379	1,195	1,091	1,001
Selling, General & Admin	801	768.2	779.6	756.9	593.2
Depreciation & Amortization Expenses	189.9	190.4	184.9	166.6	150.7
Other Operating Expenses	-24.9	-64	-	-	-
Total Operating Expenses	966	894.6	964.5	923.5	743.9
Operating Income	526.6	484.8	230.6	167.8	257
Interest Income	-3.3	-17.4	-7.4	-3.6	5.4
Interest Expense	-28.6	-37.7	-51.7	-28.4	-8.7
Other Non-Operating Income (Expense)	1	44.2	2.6	-8.8	-4.3
Total Non-Operating Income (Expense)	-27.6	6.5	-49.1	-37.2	-7.6
Pretax Income	499	491.3	181.5	130.6	250.5
Provision for Income Taxes	121.5	104	33	56.5	62.6
Net Income	374.2	369.9	141.1	70.5	193.3
Net Income to Common	374.2	369.9	141.1	70.5	193.3
Net Income Growth	1.16%	162.16%	100.14%	-63.53%	-13.55%
Shares Outstanding (Basic)	42	43	43	43	43
Shares Outstanding (Diluted)	42	43	43	43	43
Shares Change (YoY)	-2.09%	0.47%	-	-1.15%	0.46%
EPS (Basic)	8.93	8.64	3.31	1.65	4.50
EPS (Diluted)	8.87	8.58	3.29	1.64	4.45
EPS Growth	3.38%	160.79%	100.61%	-63.15%	-14.09%
Shares Outstanding	39.74	42.87	42.73	42.48	43.14
Free Cash Flow	442.6	448.9	197.3	168.3	348.1
Free Cash Flow Growth	-1.40%	127.52%	17.23%	-51.65%	13.17%
Free Cash Flow Per Share	10.49	10.42	4.60	3.92	8.02
Dividends Per Share	1.865	1.670	1.530	1.460	1.310
Dividend Growth	11.68%	9.15%	4.79%	11.45%	7.38%
Gross Margin	61.03%	60.63%	58.62%	58.34%	58.90%
Operating Margin	21.53%	21.31%	11.31%	8.97%	15.12%
Profit Margin	15.30%	16.26%	6.92%	3.77%	11.38%
FCF Margin	18.10%	19.73%	9.68%	9.00%	20.48%
EBITDA	716.5	675.2	415.5	334.4	407.7
EBITDA Margin	29.30%	29.68%	20.38%	17.88%	23.99%
EBIT	526.6	484.8	230.6	167.8	257
EBIT Margin	21.53%	21.31%	11.31%	8.97%	15.12%
Effective Tax Rate	24.35%	21.17%	18.18%	43.26%	24.99%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q