The Travelers Companies, Inc. (TRV) 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 |
|---|
| Revenue | 11.92B | 12.43B | 12.47B | 12.12B | 11.81B | 12.01B | 11.9B | 11.28B | 11.23B | 10.94B | 10.63B | 10.1B | 9.7B | 9.64B | 9.31B | 9.14B | 8.81B | 9.01B | 8.8B | 8.69B |
| Revenue Growth % | 0.97% | 3.49% | 4.75% | 7.38% | 5.18% | 9.85% | 11.93% | 11.73% | 15.7% | 13.46% | 14.21% | 10.53% | 10.16% | 6.97% | 5.76% | 5.17% | 5.97% | 7.31% | 6.4% | 17.38% |
| Medical Costs & Claims | 6.38B | 5.83B | 6.59B | 8.59B | 9.78B | 7.84B | 8.79B | 9.05B | 8.35B | 7.52B | 8.75B | 8.75B | 7.42B | 7.36B | 7.49B | 7.17B | 6.35B | 6.12B | 6.75B | 6.3B |
| Medical Cost Ratio % | 53.52% | 46.91% | 52.88% | 70.91% | 82.85% | 65.27% | 73.81% | 80.22% | 74.4% | 68.77% | 82.3% | 86.61% | 76.47% | 76.34% | 80.48% | 78.46% | 72.07% | 67.92% | 76.6% | 72.51% |
| Gross Profit | 5.54B | 6.6B | 5.88B | 3.52B | 2.03B | 4.17B | 3.12B | 2.23B | 2.87B | 3.42B | 1.88B | 1.35B | 2.28B | 2.28B | 1.82B | 1.97B | 2.46B | 2.89B | 2.06B | 2.39B |
| Gross Margin % | 46.48% | 53.09% | 47.12% | 29.09% | 17.15% | 34.73% | 26.19% | 19.78% | 25.6% | 31.23% | 17.7% | 13.39% | 23.53% | 23.66% | 19.52% | 21.54% | 27.93% | 32.08% | 23.4% | 27.49% |
| Gross Profit Growth % | 173.54% | 58.2% | 88.45% | 57.93% | -29.51% | 22.17% | 65.67% | 65.09% | 25.89% | 49.71% | 3.52% | -31.3% | -7.2% | -21.1% | -11.75% | -17.59% | 15.17% | 1.76% | -5.59% | 113.02% |
| Operating Expenses | 3.42B | 3.5B | 3.53B | 1.64B | 1.56B | 1.58B | 1.56B | 1.58B | 1.5B | 1.4B | 1.41B | 1.4B | 1.35B | 1.29B | 1.29B | 1.31B | 1.28B | 1.24B | 1.27B | 1.26B |
| OpEx / Revenue % | 28.71% | 28.13% | 28.32% | 13.57% | 13.19% | 13.14% | 13.09% | 13.97% | 13.4% | 12.77% | 13.26% | 13.86% | 13.96% | 13.42% | 13.85% | 14.35% | 14.51% | 13.77% | 14.47% | 14.47% |
| Depreciation & Amortization | 193M | 162M | 166M | 164M | 188M | 163M | 174M | 182M | 196M | 170M | 169M | 179M | 204M | 187M | 195M | 210M | 234M | 208M | 212M | 215M |
| Combined Ratio % | 82.23% | 75.04% | 81.2% | 84.48% | 96.04% | 78.41% | 86.9% | 94.19% | 87.8% | 81.54% | 95.56% | 100.48% | 90.44% | 89.76% | 94.33% | 92.81% | 86.58% | 81.69% | 91.07% | 86.98% |
| Operating Income | 2.12B | 3.1B | 2.34B | 1.88B | 468M | 2.59B | 1.56B | 656M | 1.37B | 2.02B | 472M | -48M | 928M | 987M | 528M | 657M | 1.18B | 1.65B | 786M | 1.13B |
| Operating Margin % | 17.77% | 24.96% | 18.8% | 15.52% | 3.96% | 21.59% | 13.1% | 5.81% | 12.2% | 18.46% | 4.44% | -0.48% | 9.56% | 10.24% | 5.67% | 7.19% | 13.42% | 18.31% | 8.93% | 13.02% |
| Operating Income Growth % | 352.78% | 19.62% | 50.26% | 186.74% | -65.84% | 28.48% | 230.51% | 1466.67% | 47.63% | 104.56% | -10.61% | -107.31% | -21.49% | -40.18% | -32.82% | -41.91% | 32.66% | 2.1% | -20.28% | 1430.59% |
| EBITDA | 2.31B | 3.27B | 2.51B | 2.04B | 656M | 2.76B | 1.73B | 838M | 1.57B | 2.19B | 641M | 131M | 1.13B | 1.17B | 723M | 867M | 1.42B | 1.86B | 998M | 1.35B |
| EBITDA Margin % | 19.39% | 26.26% | 20.13% | 16.88% | 5.55% | 22.95% | 14.57% | 7.43% | 13.95% | 20.02% | 6.03% | 1.3% | 11.67% | 12.18% | 7.76% | 9.49% | 16.07% | 20.62% | 11.33% | 15.49% |
| Interest Expense | 116M | 116M | 111M | 99M | 99M | 98M | 98M | 98M | 98M | 98M | 98M | 92M | 88M | 88M | 88M | 88M | 87M | 88M | 87M | 83M |
| Non-Operating Income | -116M | -116M | -111M | -99M | -99M | -98M | -98M | -98M | -98M | -98M | -98M | -92M | -88M | -88M | -88M | -88M | -87M | -88M | -87M | -83M |
| Pretax Income | 2.12B | 3.1B | 2.34B | 1.88B | 468M | 2.59B | 1.56B | 656M | 1.37B | 2.02B | 472M | -48M | 928M | 987M | 528M | 657M | 1.18B | 1.65B | 786M | 1.13B |
| Pretax Margin % | 17.77% | 24.96% | 18.8% | 15.52% | 3.96% | 21.59% | 13.1% | 5.81% | 12.2% | 18.46% | 4.44% | -0.48% | 9.56% | 10.24% | 5.67% | 7.19% | 13.42% | 18.31% | 8.93% | 13.02% |
| Income Tax | 408M | 607M | 456M | 372M | 73M | 512M | 300M | 122M | 247M | 393M | 68M | -34M | -47M | 168M | 74M | 106M | 164M | 317M | 124M | 197M |
| Effective Tax Rate % | 19.25% | 19.56% | 19.45% | 19.78% | 15.6% | 19.74% | 19.23% | 18.6% | 18.03% | 19.47% | 14.41% | 70.83% | -5.06% | 17.02% | 14.02% | 16.13% | 13.87% | 19.21% | 15.78% | 17.42% |
| Net Income | 1.71B | 2.5B | 1.89B | 1.51B | 395M | 2.08B | 1.26B | 534M | 1.12B | 1.63B | 404M | -14M | 975M | 819M | 454M | 551M | 1.02B | 1.33B | 662M | 934M |
| Net Margin % | 14.35% | 20.08% | 15.14% | 12.45% | 3.34% | 17.33% | 10.58% | 4.73% | 10% | 14.87% | 3.8% | -0.14% | 10.05% | 8.5% | 4.88% | 6.03% | 11.56% | 14.79% | 7.52% | 10.75% |
| Net Income Growth % | 333.16% | 19.88% | 49.84% | 182.58% | -64.83% | 28.04% | 211.88% | 3914.29% | 15.18% | 98.53% | -11.01% | -102.54% | -4.22% | -38.56% | -31.42% | -41.01% | 38.88% | 1.76% | -19.95% | 2435% |
| EPS (Diluted) | 7.78 | 11.06 | 8.24 | 6.53 | 1.70 | 8.96 | 5.42 | 2.29 | 4.81 | 6.98 | 1.74 | -0.06 | 4.13 | 3.44 | 1.91 | 2.29 | 4.18 | 5.37 | 2.62 | 3.66 |
| EPS Growth % | 357.65% | 23.44% | 52.03% | 185.15% | -64.66% | 28.37% | 211.49% | 3860.26% | 16.46% | 102.91% | -8.9% | -102.66% | -1.2% | -35.94% | -27.1% | -37.43% | 45.64% | 5.29% | -18.89% | 2387.5% |
| EPS (Basic) | 7.89 | 11.24 | 8.37 | 6.63 | 1.73 | 9.11 | 5.50 | 2.31 | 4.87 | 7.07 | 1.75 | -0.06 | 4.18 | 3.49 | 1.93 | 2.31 | 4.23 | 5.43 | 2.65 | 3.70 |
| Diluted Shares Outstanding | 218.4M | 224M | 227.5M | 229.3M | 230.4M | 230.7M | 230.6M | 231.5M | 232M | 231.1M | 231.1M | 229.7M | 234.4M | 236.3M | 237.9M | 241.1M | 243.7M | 246.4M | 250.1M | 253.1M |