Phillips 66 (PSX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 34.08B | 34.02B | 34.51B | 33.17B | 30.5B | 33.71B | 35.29B | 38.1B | 36.01B | 38.05B | 39.98B | 34.88B | 34.35B | 40.28B | 44.52B | 48.71B | 36.6B | 32.54B | 30.46B | 27.2B |
| Revenue Growth % | 11.74% | 0.89% | -2.23% | -12.93% | -15.32% | -11.4% | -11.73% | 9.23% | 4.85% | -5.54% | -10.2% | -28.4% | -6.16% | 23.79% | 46.18% | 79.12% | 68.27% | 97.32% | 91.45% | 145.15% |
| Cost of Goods Sold | 30.45B | 31.88B | 32.59B | 31.29B | 29.91B | 33.1B | 34.48B | 36.58B | 34.09B | 36.05B | 35.96B | 32.42B | 31.54B | 37.35B | 40.86B | 44.19B | 34.95B | 31.21B | 29.13B | 26.55B |
| COGS % of Revenue | 89.36% | 93.71% | 94.45% | 94.32% | 98.08% | 98.18% | 97.7% | 96.01% | 94.67% | 94.74% | 89.95% | 92.96% | 91.82% | 92.71% | 91.77% | 90.71% | 95.5% | 95.92% | 95.64% | 97.63% |
| Gross Profit | 3.63B | 2.14B | 1.91B | 1.89B | 586M | 612M | 813M | 1.52B | 1.92B | 2B | 4.02B | 2.46B | 2.81B | 2.94B | 3.66B | 4.52B | 1.65B | 1.33B | 1.33B | 645M |
| Gross Margin % | 10.64% | 6.29% | 5.55% | 5.68% | 1.92% | 1.82% | 2.3% | 3.99% | 5.33% | 5.26% | 10.05% | 7.04% | 8.18% | 7.29% | 8.23% | 9.29% | 4.5% | 4.08% | 4.36% | 2.37% |
| Gross Profit Growth % | 518.6% | 249.67% | 135.42% | 24.01% | -69.45% | -69.4% | -79.78% | -38.14% | -31.7% | -31.86% | 9.72% | -45.69% | 70.39% | 121.18% | 175.7% | 601.4% | 2012.82% | 384.31% | 3064.29% | 174.47% |
| Operating Expenses | 771M | 642M | 1.01B | 800M | 752M | 573M | 1.25B | 601M | 722M | 763M | 785M | 704M | 765M | 760M | 750M | 606M | 582M | 546M | 509M | 552M |
| OpEx % of Revenue | 2.26% | 1.89% | 2.94% | 2.41% | 2.47% | 1.7% | 3.53% | 1.58% | 2% | 2% | 1.96% | 2.02% | 2.23% | 1.89% | 1.68% | 1.24% | 1.59% | 1.68% | 1.67% | 2.03% |
| Selling, General & Admin | 537M | 523M | 792M | 582M | 519M | 511M | 1.19B | 552M | 557M | 608M | 614M | 530M | 558M | 630M | 617M | 488M | 433M | 479M | 424M | 433M |
| SG&A % of Revenue | 1.58% | 1.54% | 2.3% | 1.75% | 1.7% | 1.52% | 3.38% | 1.45% | 1.55% | 1.6% | 1.54% | 1.52% | 1.62% | 1.56% | 1.39% | 1% | 1.18% | 1.47% | 1.39% | 1.59% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 2.85B | 1.5B | 901M | 1.08B | -166M | 39M | -434M | 919M | 1.2B | 1.24B | 3.23B | 1.75B | 2.04B | 2.17B | 2.91B | 3.92B | 1.07B | 781M | 820M | 93M |
| Operating Margin % | 8.38% | 4.4% | 2.61% | 3.27% | -0.54% | 0.12% | -1.23% | 2.41% | 3.32% | 3.25% | 8.09% | 5.03% | 5.95% | 5.4% | 6.54% | 8.04% | 2.91% | 2.4% | 2.69% | 0.34% |
| Operating Income Growth % | 1819.28% | 3741.03% | 307.6% | 18.06% | -113.88% | -96.85% | -113.42% | -47.58% | -41.46% | -43.13% | 11.02% | -55.26% | 91.65% | 178.49% | 255.37% | 4112.9% | 327.29% | 418.78% | 283.04% | 132.29% |
| EBITDA | 3.42B | 2.33B | 1.73B | 1.91B | 637M | 871M | 117M | 1.43B | 1.71B | 1.76B | 3.73B | 2.25B | 2.52B | 2.68B | 3.35B | 4.28B | 1.41B | 1.31B | 1.19B | 463M |
| EBITDA Margin % | 10.05% | 6.85% | 5.01% | 5.76% | 2.09% | 2.58% | 0.33% | 3.74% | 4.75% | 4.64% | 9.33% | 6.46% | 7.35% | 6.66% | 7.52% | 8.79% | 3.85% | 4.03% | 3.9% | 1.7% |
| EBITDA Growth % | 437.52% | 167.39% | 1376.07% | 34.01% | -62.73% | -50.65% | -96.86% | -36.76% | -32.32% | -34.22% | 11.35% | -47.35% | 79.08% | 104.65% | 182.14% | 825.05% | 1417.76% | 1011.02% | 1418.89% | 671.67% |
| D&A (Non-Cash Add-back) | 570M | 831M | 826M | 826M | 803M | 832M | 551M | 507M | 513M | 528M | 494M | 502M | 482M | 508M | 435M | 365M | 344M | 530M | 367M | 370M |
| EBIT | 2.85B | 3.75B | 458M | 1.38B | 869M | 207M | 642M | 1.54B | 1.19B | 1.98B | 3.03B | 2.51B | 2.84B | 2.74B | 7.32B | 4.24B | 963M | 1.77B | 599M | 579M |
| Net Interest Income | -286M | -295M | -259M | -264M | -221M | -220M | -229M | -231M | -227M | 51M | -221M | -266M | -192M | -111M | -158M | -133M | -135M | -130M | -151M | -143M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 269M | 0 | 0 | 0 | 82M | 0 | 0 | 0 | 11M | 0 | 0 |
| Interest Expense | 286M | 295M | 259M | 264M | 221M | 220M | 229M | 231M | 227M | 218M | 221M | 266M | 192M | 193M | 158M | 133M | 135M | 141M | 151M | 143M |
| Other Income/Expense | -2.59B | 1.96B | -702M | 35M | 814M | -52M | 847M | 392M | -232M | 524M | -422M | 491M | 608M | 372M | 4.24B | 188M | -238M | 846M | -372M | 343M |
| Pretax Income | 260M | 3.45B | 199M | 1.12B | 648M | -13M | 413M | 1.31B | 964M | 1.76B | 2.81B | 2.24B | 2.65B | 2.55B | 7.16B | 4.11B | 828M | 1.63B | 448M | 436M |
| Pretax Margin % | 0.76% | 10.15% | 0.58% | 3.38% | 2.12% | -0.04% | 1.17% | 3.44% | 2.68% | 4.63% | 7.04% | 6.43% | 7.72% | 6.32% | 16.08% | 8.43% | 2.26% | 5% | 1.47% | 1.6% |
| Income Tax | 41M | 526M | 32M | 212M | 122M | -38M | 44M | 291M | 203M | 476M | 670M | 510M | 574M | 535M | 1.62B | 924M | 171M | 256M | -40M | 62M |
| Effective Tax Rate % | 15.77% | 15.23% | 16.08% | 18.93% | 18.83% | 292.31% | 10.65% | 22.2% | 21.06% | 27.03% | 23.82% | 22.73% | 21.65% | 21.01% | 22.6% | 22.5% | 20.65% | 15.73% | -8.93% | 14.22% |
| Net Income | 207M | 2.91B | 133M | 877M | 487M | 8M | 346M | 1.01B | 748M | 1.26B | 2.1B | 1.7B | 1.96B | 1.88B | 5.39B | 3.17B | 582M | 1.27B | 402M | 294M |
| Net Margin % | 0.61% | 8.54% | 0.39% | 2.64% | 1.6% | 0.02% | 0.98% | 2.66% | 2.08% | 3.31% | 5.24% | 4.87% | 5.71% | 4.68% | 12.11% | 6.5% | 1.59% | 3.91% | 1.32% | 1.08% |
| Net Income Growth % | -57.49% | 36225% | -61.56% | -13.6% | -34.89% | -99.37% | -83.5% | -40.19% | -61.86% | -33.12% | -61.1% | -46.42% | 236.94% | 48% | 1241.04% | 977.21% | 188.99% | 336.18% | 150.31% | 308.51% |
| Net Income (Continuing) | 219M | 2.93B | 167M | 908M | 526M | 25M | 369M | 1.02B | 761M | 1.28B | 2.14B | 1.73B | 2.08B | 2.01B | 5.54B | 3.18B | 657M | 1.37B | 488M | 374M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.15B | 1.15B | 1.16B | 1.14B | 1.08B | 1.05B | 1.06B | 1.05B | 1.07B | 1.07B | 1.17B | 1.16B | 4.67B | 4.61B | 5.08B | 297M | 306M | 2.47B | 2.46B | 2.45B |
| EPS (Diluted) | 0.51 | 7.17 | 0.32 | 2.15 | 1.18 | 0.01 | 0.82 | 2.38 | 1.73 | 2.85 | 4.69 | 3.72 | 4.20 | 3.97 | 11.16 | 6.53 | 1.29 | 2.88 | 0.91 | 0.66 |
| EPS Growth % | -56.78% | - | -60.98% | -9.66% | -31.79% | -99.74% | -82.52% | -36.02% | -58.81% | -28.21% | -57.97% | -43.03% | 225.58% | 37.85% | 1126.37% | 889.39% | 186.58% | 334.15% | 150% | 306.25% |
| EPS (Basic) | 0.51 | 7.21 | 0.32 | 2.15 | 1.19 | 0.01 | 0.82 | 2.39 | 1.74 | 2.87 | 4.72 | 3.73 | 4.21 | 3.99 | 11.20 | 6.56 | 1.30 | 2.89 | 0.91 | 0.66 |
| Diluted Shares Outstanding | 403.27M | 405.15M | 405.55M | 407.93M | 410.5M | 418.8M | 418.8M | 425.73M | 431.91M | 440.57M | 447.26M | 456.17M | 467.03M | 474.33M | 483.04M | 485.04M | 450.01M | 441.58M | 440.37M | 440.4M |
| Basic Shares Outstanding | 402.04M | 403.12M | 404.51M | 406.76M | 409.18M | 417.31M | 417.31M | 422.87M | 428.96M | 437.37M | 444.28M | 454.45M | 464.81M | 471.86M | 481.39M | 483.09M | 449.3M | 440.47M | 440.19M | 439.94M |
| Dividend Payout Ratio | 245.89% | 16.59% | 363.91% | 55.53% | 96.3% | 5900% | 137.86% | 47.78% | 59.89% | 36.27% | 22.17% | 27.93% | 24.78% | 24.2% | 8.64% | 14.75% | 69.42% | 31.66% | 98.01% | 134.01% |