Company results Oct 26 – Nov 1, 2026: Microsoft, Alphabet, Amazon and 259 more
What Microsoft, Alphabet, Amazon, Eli Lilly, Samsung Electronics, SK hynix reported: revenue, profit, cash flow, what the revenue consists of and what analysts did.
Put together automatically by hedger: figures from Yahoo Finance and filings, the revenue split from filings on SEC EDGAR, quotes from the analyst call's transcript (Alpha Vantage). Not investment advice.
| Company | Day | Revenue | On the year | FCF | EPS | Against estimate | Stock the day after |
|---|---|---|---|---|---|---|---|
| MSFT Microsoft | 28. 10. | USD 92.3bn | +18.8% | USD 18.6bn | 4.89 USD | +3.6% | −0.2% |
| GOOG Alphabet | 28. 10. | USD 127.6bn | +24.7% | USD −9.1bn | 2.67 USD | −12.2% | −10.9% |
| AMZN Amazon | 29. 10. | USD 201.9bn | +12.1% | USD −34.8bn | 1.89 USD | −3.6% | −5.6% |
| LLY Eli Lilly | 29. 10. | USD 24.4bn | +38.6% | USD 4.2bn | 7.48 USD | +17.8% | +10.0% |
| 005930.KS Samsung Electronics | 28. 10. | — | — | — | 11,462.00 KRW | −16.4% | +4.5% |
| 000660.KS SK hynix | 27. 10. | — | — | — | 54,454.00 KRW | −34.7% | +16.6% |
| V Visa | 27. 10. | — | — | — | 3.48 USD | +1.2% | −0.9% |
| XOM ExxonMobil Holdings | 30. 10. | USD 110.5bn | +32.6% | USD 18.5bn | 4.23 USD | +5.0% | — |
| MA Mastercard | 29. 10. | USD 9.8bn | +14.0% | USD 4.8bn | 5.31 USD | +2.7% | +4.5% |
| ABBV AbbVie | 30. 10. | USD 17.4bn | +10.3% | USD 7.3bn | 3.82 USD | +1.3% | — |
| 601939.SS China Construction Bank | 31. 10. | CNY 201.2bn | — | CNY 910.4bn | 0.40 CNY | +5.3% | — |
| CVX Chevron | 30. 10. | USD 65.2bn | +35.4% | USD 12.0bn | 5.28 USD | +8.4% | — |
| 688825.SS CXMT | 30. 10. | CNY 118.7bn | +613.2% | CNY 108.2bn | 0.66 CNY | −22.4% | — |
| KO The Coca-Cola | 27. 10. | USD 13.4bn | +7.4% | USD 4.5bn | 0.91 USD | +3.4% | −1.0% |
| 601288.SS Agricultural Bank of China | 30. 10. | CNY 208.3bn | +15.2% | CNY 514.2bn | 0.25 CNY | +8.7% | — |
| MRK Merck & | 29. 10. | USD 18.1bn | +4.7% | USD 5.5bn | 2.49 USD | +19.1% | +6.1% |
| 1398.HK Industrial and Commercial Bank of China | 29. 10. | HKD 228.7bn | — | HKD 158.8bn | — | — | +3.8% |
| INTC Intel | 29. 10. | USD 16.5bn | +20.9% | USD 1.1bn | 0.52 USD | +30.0% | −31.2% |
| 601988.SS Bank of China | 30. 10. | CNY 169.2bn | +4.6% | CNY 24.6bn | 0.19 CNY | +0.0% | — |
| SHEL Shell | 29. 10. | USD 92.8bn | +36.2% | USD 13.5bn | 3.86 USD | +5.2% | +3.3% |
| NVS Novartis | 27. 10. | USD 15.0bn | +4.7% | USD 4.8bn | 2.46 USD | +9.8% | +1.5% |
| HSBC HSBC Holdings | 27. 10. | — | — | — | 2.10 USD | −6.7% | −5.3% |
| AZN AstraZeneca | 30. 10. | USD 16.2bn | +6.7% | USD 3.5bn | 1.00 USD | −13.0% | — |
| CAT Caterpillar | 29. 10. | USD 20.7bn | +17.3% | USD 3.3bn | 7.20 USD | +2.4% | −12.7% |
| 600519.SS Kweichow Moutai | 30. 10. | CNY 41.0bn | — | CNY 12.8bn | 15.96 CNY | +4.0% | — |
| 0857.HK PetroChina | 28. 10. | HKD 793.6bn | +10.4% | HKD 75.3bn | 0.28 HKD | +3.7% | +1.8% |
| LIN Linde | 29. 10. | USD 9.4bn | +9.2% | USD 1.8bn | 3.66 USD | −12.2% | +1.2% |
| GEV GE Vernova | 28. 10. | USD 12.6bn | +26.8% | USD 5.4bn | 4.81 USD | +20.0% | −0.8% |
| GILD Gilead Sciences | 29. 10. | USD 8.3bn | +6.8% | USD 4.8bn | 2.55 USD | +16.4% | +7.2% |
| TTE TotalEnergies | 29. 10. | USD 61.9bn | +41.1% | USD 10.8bn | — | — | +2.6% |
| KLAC KLA | 28. 10. | USD 4.1bn | +28.9% | USD 1.3bn | 1.22 USD | +3.4% | +9.0% |
| 2454.TW MediaTek | 29. 10. | — | — | — | 17.50 TWD | +9.0% | −7.6% |
| APH Amphenol | 28. 10. | USD 10.2bn | +65.1% | USD 1.6bn | 0.80 USD | +9.6% | +4.9% |
| VZ Verizon Communications | 26. 10. | USD 34.3bn | +1.5% | USD 4.6bn | 1.31 USD | +3.1% | −1.6% |
| RELIANCE.NS Reliance Industries | 27. 10. | INR 3,306.0bn | — | — | — | — | −3.6% |
| WELL Welltower | 26. 10. | USD 3.7bn | +40.5% | USD 990m | 0.67 USD | −5.6% | −4.5% |
| AIR.PA Airbus | 28. 10. | EUR 17.5bn | −2.0% | EUR −228m | — | — | +1.9% |
| 3968.HK China Merchants Bank | 30. 10. | HKD 86.7bn | — | HKD −169.0bn | 1.59 HKD | +0.0% | — |
| 6857.T Advantest | 27. 10. | — | — | — | 267.72 JPY | +24.6% | +12.4% |
| TMUS T-Mobile US | 28. 10. | USD 23.6bn | +7.4% | USD 4.7bn | 3.22 USD | +10.7% | +0.3% |
Largest companies first.
In the last 6 weeks 400 followed companies reported with an estimate on record, 75% of them beat on EPS; 78% in the same weeks a year ago. Who reports this week →
Other companies that reported: SNDK, SAN, BUD, STX, 0883.HK, 8035.T, UBS, 6501.T, BA, SPGI, 601138.SS, MO, BP, BBVA, BMY, SBUX, 6861.T, 285A.T, ADP, EQNR, 002594.SZ, 601328.SS, ISP.MI, SYK, PSX, NOW, 600900.SS, 2308.TW, 600028.SS, SNY, GLW, BNP.PA, 300308.SZ, 000333.SZ, GD, EQIX, FTNT, GSK, HCA, REGN, 1120.SR, ICE, PWR, WM, UPS, JCI, CDNS, TT, FCX, VRT, ING, CABK.MC, ASX, AMT, ECL, AEM, EPD, 2914.T, MDLZ, RCL, SHW, HLT, HWM, ITW, DASH, CP, HOOD, DELTA.BK, CL, CVNA, RSG, CNI, FDX, 6981.T, LYG, 4519.T, AEP, ORLY, VIC.VN, AJG, 2359.HK, AON, DLR, 4063.T, LNG, TAK, NXPI, 2388.HK, IMO, DB, NUE, 6503.T, 601166.SS, TEL, OKE, NWG, BSX, PSA, CRH, CVE, STAN.L, 600030.SS, MPWR, D, LT.NS, 005380.KS, MSTR, 6752.T, 7010.SR, BKR, 002371.SZ, PCAR, 002475.SZ, EBAY, BAS.DE, 7741.T, GRMN, LHX, XEL, ACA.PA, 600000.SS, 3037.TW, F, HONA, EXC, PYPL, VTR, IQV, CARR, TER, AMP, ARES, CMG, DHI, WEC, COIN, BIIB, KVUE, VMC, ODFL, ILMN, HIG, CBOE, ACGL, EQT, GEHC, CNC, EXR, HSY, RMD, FLEX, TWLO, IR, DXCM, RJF, WTW, EME, LH, CTSH, OTIS, AWK, WST, CNP, CINF, FE, VLTO, VICI, PPG, CHD, INCY, PFG, BRO, EIX, SW, HUBB, LYB, TROW, CMS, NI, XYL, EXE, FTV, IP, FFIV, FDXF, FSLR, LNT, BG, ESS, RDDT, GEN, IEX, KIM, TYL, MAS, INVH, EG, GDDY, WY, TXT, CHRW, MAA, AVY, ERIE, HII, IVZ, CSGP, BAX, DVA, LII, GNRC, BXP, ALGN, PNR, UHS, FRT, AOS, NCLH, MGM, ARE, KOMB.PR, SOFI.
MSFT – Microsoft (Wed Oct 28)
| Revenue | USD 92.3bn | +18.8% on the year | | Gross profit | USD 62.6bn | margin 67.8% (a year ago 69.0%) | | Operating profit | USD 45.9bn | margin 49.8% (a year ago 48.9%) | | Net profit | USD 36.6bn | a year ago USD 27.7bn | | Free cash flow | USD 18.6bn | a year ago USD 25.7bn | | Capital spending | USD 39.4bn | a year ago USD 19.4bn | | Research and development | USD 9.0bn | a year ago USD 8.1bn | | To shareholders | USD 11.1bn | buybacks USD 4.4bn, dividends USD 6.8bn | | Cash | USD 64.3bn | debt USD 57.2bn |
EPS 4.89 USD against 4.72 USD expected (+3.6%). The stock −0.2% the day after the results against the day before. For this quarter analysts expect revenue of USD 96.7bn (+19.0% on the year). EPS estimate: USD 4.86 for this quarter, USD 20.01 for this year.
What the revenue consists of
| Azure | USD 33.2bn | 35.9% | +48.2% | | Microsoft 365 Cloud | USD 27.8bn | 30.1% | +17.2% | | Productivity And Server Licensing | USD 8.4bn | 9.1% | −3.1% | | Search And Advertising | USD 6.6bn | 7.1% | +10.3% | | XBOX | USD 5.4bn | 5.8% | −2.3% | | Industry Solutions | USD 5.3bn | 5.8% | +9.1% | | Windows OEM And Devices | USD 3.6bn | 3.8% | −22.0% | | Frontier And Support Services | USD 2.1bn | 2.3% | +4.3% |
Where the revenue came from
| US | USD 49.5bn | 53.6% | +23.4% | | Non Us | USD 42.8bn | 46.4% | +13.9% |
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | USD 92.3bn | USD 45.9bn | USD 18.6bn |
| 2Q 2026 | USD 90.0bn | USD 40.6bn | USD 19.6bn |
| 1Q 2026 | USD 82.9bn | USD 38.4bn | USD 15.8bn |
| 4Q 2025 | USD 81.3bn | USD 38.3bn | USD 5.9bn |
| 3Q 2025 | USD 77.7bn | USD 38.0bn | USD 25.7bn |
Analysts after the report
Since the report 17 analyst firms changed or repeated their view: 15 raised the price target, 0 cut it. The average target is USD 633 (range 440–870) with the price at USD 522. Ratings: 52 buy, 5 hold, 0 sell.
| Firm | Rating | Price target |
|---|---|---|
| Bernstein | Outperform | 662 → 722 USD |
| RBC Capital | Outperform | 640 USD |
| Citigroup | Buy | 636 → 680 USD |
| DA Davidson | Buy | 550 → 650 USD |
| TD Cowen | Buy | 625 → 650 USD |
| Scotiabank | Sector Outperform | 625 → 650 USD |
| Citizens | Market Outperform | 550 → 625 USD |
| Truist Securities | Buy | 600 → 630 USD |
Press release and results on SEC EDGAR ↗
GOOG – Alphabet (Wed Oct 28)
| Revenue | USD 127.6bn | +24.7% on the year | | Gross profit | USD 76.2bn | margin 59.7% (a year ago 59.6%) | | Operating profit | USD 40.6bn | margin 31.8% (a year ago 30.5%) | | Net profit | USD 26.5bn | a year ago USD 35.0bn | | Free cash flow | USD −9.1bn | a year ago USD 24.5bn | | Capital spending | USD 51.4bn | a year ago USD 24.0bn | | Research and development | USD 20.6bn | a year ago USD 15.2bn | | To shareholders | USD 2.9bn | buybacks USD 0m, dividends USD 2.9bn | | Cash | USD 265.1bn | debt USD 141.9bn |
EPS 2.67 USD against 3.04 USD expected (−12.2%). The stock −10.9% the day after the results against the day before. For this quarter analysts expect revenue of USD 142.2bn (+25.0% on the year). EPS estimate: USD 3.26 for this quarter, USD 16.54 for this year.
What the revenue consists of
| Google Search Other | USD 63.4bn | 49.7% | +12.0% | | Google Cloud | USD 30.7bn | 24.1% | +102.6% | | Subscriptions Platforms And Devices | USD 14.3bn | 11.2% | +11.0% | | YouTube Advertising | USD 11.2bn | 8.8% | +9.2% | | Google Network | USD 7.5bn | 5.9% | +1.4% | | Other | USD 372m | 0.3% | +8.1% |
Waymo is among the others: Alphabet doesn't report it on its own.
Where the revenue came from
| US | USD 67.7bn | 53.1% | +38.8% | | EMEA | USD 32.7bn | 25.7% | +9.3% | | Asia Pacific | USD 19.9bn | 15.6% | +11.7% | | Americas Excluding United States | USD 7.1bn | 5.6% | +17.1% |
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | USD 127.6bn | USD 40.6bn | USD −9.1bn |
| 2Q 2026 | USD 119.8bn | USD 40.8bn | USD −5.9bn |
| 1Q 2026 | USD 109.9bn | USD 39.7bn | USD 10.1bn |
| 4Q 2025 | USD 113.8bn | USD 35.9bn | USD 24.6bn |
| 3Q 2025 | USD 102.3bn | USD 31.2bn | USD 24.5bn |
Analysts after the report
Since the report 3 analyst firms changed or repeated their view: 0 raised the price target, 3 cut it. The average target is USD 405 (range 340–460) with the price at USD 278. Ratings: 54 buy, 6 hold, 0 sell.
| Firm | Rating | Price target |
|---|---|---|
| JP Morgan | Overweight | 425 → 375 USD |
| TD Cowen | Buy | 485 → 460 USD |
| Scotiabank | Sector Outperform | 450 → 375 USD |
Press release and results on SEC EDGAR ↗
AMZN – Amazon (Thu Oct 29)
| Revenue | USD 201.9bn | +12.1% on the year | | Operating profit | USD 28.1bn | margin 13.9% (a year ago 9.7%) | | Net profit | USD 20.7bn | a year ago USD 21.2bn | | Free cash flow | USD −34.8bn | a year ago USD 430m | | Capital spending | USD 77.3bn | a year ago USD 35.1bn |
EPS 1.89 USD against 1.96 USD expected (−3.6%). The stock −5.6% the day after the results against the day before. For this quarter analysts expect revenue of USD 244.7bn (+14.7% on the year). EPS estimate: USD 2.41 for this quarter, USD 12.81 for this year.
What the revenue consists of
| Online Stores | USD 68.5bn | 33.9% | +1.6% | | Third Party Seller Services | USD 46.5bn | 23.0% | +9.4% | | Amazon Web Services | USD 46.0bn | 22.8% | +39.3% | | Advertising Services | USD 19.6bn | 9.7% | +10.9% | | Subscription Services | USD 14.0bn | 6.9% | +11.4% | | Physical Stores | USD 5.7bn | 2.8% | +2.4% | | Other Services | USD 1.6bn | 0.8% | +16.3% |
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 1Q 2026 | USD 181.5bn | USD 23.9bn | USD −18.2bn |
| 4Q 2025 | USD 213.4bn | USD 25.0bn | USD 14.9bn |
| 3Q 2025 | USD 180.2bn | USD 17.4bn | USD 430m |
Analysts after the report
Since the report 16 analyst firms changed or repeated their view: 2 raised the price target, 9 cut it. The average target is USD 327 (range 230–405) with the price at USD 240. Ratings: 58 buy, 2 hold, 0 sell.
| Firm | Rating | Price target |
|---|---|---|
| UBS | Buy | 348 → 352 USD |
| Scotiabank | Sector Outperform | 325 → 300 USD |
| Telsey Advisory Group | Outperform | 335 USD |
| DA Davidson | Neutral | 250 USD |
| Rosenblatt | Buy | 360 USD |
| Wells Fargo | Overweight | 329 → 326 USD |
| TD Cowen | Buy | 350 → 340 USD |
| Wedbush | Outperform | 310 → 298 USD |
Press release and results on SEC EDGAR ↗
LLY – Eli Lilly (Thu Oct 29)
| Revenue | USD 24.4bn | +38.6% on the year | | Gross profit | USD 20.5bn | margin 83.9% (a year ago 82.9%) | | Operating profit | USD 13.1bn | margin 53.7% (a year ago 47.6%) | | Net profit | USD 6.5bn | a year ago USD 5.6bn | | Free cash flow | USD 4.2bn | a year ago USD 6.0bn | | Capital spending | USD 7.2bn | a year ago USD 2.8bn | | Research and development | USD 4.2bn | a year ago USD 3.5bn | | To shareholders | USD 1.9bn | buybacks USD 377m, dividends USD 1.5bn | | Cash | USD 4.9bn | debt USD 49.5bn |
EPS 7.48 USD against 6.35 USD expected (+17.8%). The stock +10.0% the day after the results against the day before. For this quarter analysts expect revenue of USD 24.6bn (+27.5% on the year). EPS estimate: USD 11.12 for this quarter, USD 35.19 for this year.
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | USD 24.4bn | USD 13.1bn | USD 4.2bn |
| 2Q 2026 | USD 23.0bn | USD 12.5bn | USD 4.5bn |
| 1Q 2026 | USD 19.8bn | USD 9.8bn | USD 2.8bn |
| 4Q 2025 | USD 19.3bn | USD 9.0bn | USD 254m |
| 3Q 2025 | USD 17.6bn | USD 8.4bn | USD 6.0bn |
Analysts after the report
Since the report 9 analyst firms changed or repeated their view: 9 raised the price target, 0 cut it. The average target is USD 1,421 (range 930–1,650) with the price at USD 1,418. Ratings: 26 buy, 3 hold, 2 sell.
| Firm | Rating | Price target |
|---|---|---|
| UBS | Buy | 1,425 → 1,625 USD |
| JP Morgan | Overweight | 1,500 → 1,650 USD |
| Citigroup | Buy | 1,600 → 1,650 USD |
| Scotiabank | Sector Outperform | 1,300 → 1,605 USD |
| Morgan Stanley | Overweight | 1,430 → 1,596 USD |
| Wells Fargo | Overweight | 1,330 → 1,500 USD |
| Truist Securities | Buy | 1,376 → 1,612 USD |
| RBC Capital | Outperform | 1,500 → 1,600 USD |
Press release and results on SEC EDGAR ↗
005930.KS – Samsung Electronics (Wed Oct 28)
EPS 11,462.00 KRW against 13,710.03 KRW expected (−16.4%). The stock +4.5% the day after the results against the day before. For this quarter analysts expect revenue of KRW 225,687.2bn (+140.5% on the year). EPS estimate: KRW 16,478.95 for this quarter, KRW 46,173.60 for this year.
Analysts after the report
The average target is KRW 480,103 (range 290,000–690,000) with the price at KRW 229,000. Ratings: 34 buy, 1 hold, 0 sell.
000660.KS – SK hynix (Tue Oct 27)
EPS 54,454.00 KRW against 83,401.84 KRW expected (−34.7%). The stock +16.6% the day after the results against the day before. For this quarter analysts expect revenue of KRW 128,765.3bn (+292.3% on the year). EPS estimate: KRW 120,252.05 for this quarter, KRW 358,671.70 for this year.
Analysts after the report
The average target is KRW 3,157,409 (range 1,575,000–4,700,000) with the price at KRW 1,472,000. Ratings: 40 buy, 1 hold, 0 sell.
V – Visa (Tue Oct 27)
EPS 3.48 USD against 3.44 USD expected (+1.2%). The stock −0.9% the day after the results against the day before. For this quarter analysts expect revenue of USD 12.2bn (+11.9% on the year). EPS estimate: USD 3.63 for this quarter, USD 15.03 for this year.
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 2Q 2026 | USD 11.6bn | USD 7.1bn | USD 6.1bn |
| 1Q 2026 | USD 11.2bn | USD 7.6bn | USD 2.6bn |
| 4Q 2025 | USD 10.9bn | USD 7.4bn | USD 6.4bn |
| 3Q 2025 | USD 10.7bn | USD 7.1bn | USD 5.8bn |
Analysts after the report
Since the report 11 analyst firms changed or repeated their view: 10 raised the price target, 0 cut it. The average target is USD 441 (range 330–485) with the price at USD 414. Ratings: 36 buy, 3 hold, 1 sell.
| Firm | Rating | Price target |
|---|---|---|
| Macquarie | Outperform | 420 → 465 USD |
| Wells Fargo | Overweight | 432 → 463 USD |
| JP Morgan | Overweight | 450 → 455 USD |
| BMO Capital | Outperform | 425 → 438 USD |
| Barclays | Overweight | 420 → 440 USD |
| Piper Sandler | Overweight | 430 → 479 USD |
| Evercore ISI Group | In-Line | 370 → 405 USD |
| Oppenheimer | Outperform | 403 → 440 USD |
Press release and results on SEC EDGAR ↗
XOM – ExxonMobil Holdings (Fri Oct 30)
| Revenue | USD 110.5bn | +32.6% on the year | | Gross profit | USD 26.8bn | margin 24.2% (a year ago 22.6%) | | Operating profit | USD 18.7bn | margin 17.0% (a year ago 11.0%) | | Net profit | USD 15.4bn | a year ago USD 7.5bn | | Free cash flow | USD 18.5bn | a year ago USD 6.1bn | | Capital spending | USD 7.2bn | a year ago USD 8.7bn | | To shareholders | USD 9.4bn | buybacks USD 5.1bn, dividends USD 4.3bn | | Cash | USD 12.2bn | debt USD 34.2bn |
EPS 4.23 USD against 4.03 USD expected (+5.0%). The stock — the day after the results against the day before. For this quarter analysts expect revenue of USD 118.6bn (+44.1% on the year). EPS estimate: USD 4.08 for this quarter, USD 13.56 for this year.
What the revenue consists of
| Sales And Other Operating | USD 110.5bn | 97.6% | +32.6% | | Other | USD 1.5bn | 1.4% | +120.5% | | Income From Equity Affiliates | USD 1.1bn | 1.0% | −11.1% |
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | USD 110.5bn | USD 18.7bn | USD 18.5bn |
| 2Q 2026 | USD 114.5bn | USD 18.2bn | USD 17.0bn |
| 1Q 2026 | USD 83.2bn | USD 5.3bn | USD 2.2bn |
| 4Q 2025 | USD 80.0bn | USD 6.0bn | USD 5.2bn |
| 3Q 2025 | USD 83.3bn | USD 9.2bn | USD 6.1bn |
Analysts after the report
Since the report 7 analyst firms changed or repeated their view: 7 raised the price target, 0 cut it. The average target is USD 185 (range 160–213) with the price at USD 166. Ratings: 9 buy, 17 hold, 0 sell.
| Firm | Rating | Price target |
|---|---|---|
| Freedom Broker | Hold | 142 → 162 USD |
| Citigroup | Neutral | 155 → 175 USD |
| TD Cowen | Buy | 180 → 193 USD |
| UBS | Buy | 199 → 213 USD |
| Morgan Stanley | Overweight | 185 → 187 USD |
| Evercore ISI Group | Outperform | 185 → 200 USD |
| Wells Fargo | Equal-Weight | 182 → 189 USD |
Press release and results on SEC EDGAR ↗
MA – Mastercard (Thu Oct 29)
| Revenue | USD 9.8bn | +14.0% on the year | | Gross profit | USD 7.8bn | margin 79.3% (a year ago 78.0%) | | Operating profit | USD 6.0bn | margin 61.0% (a year ago 60.1%) | | Net profit | USD 4.6bn | a year ago USD 3.9bn | | Free cash flow | USD 4.8bn | a year ago USD 5.3bn | | Capital spending | USD 328m | a year ago USD 359m | | To shareholders | USD 3.7bn | buybacks USD 3.0bn, dividends USD 763m | | Cash | USD 10.5bn | debt USD 23.9bn |
EPS 5.31 USD against 5.17 USD expected (+2.7%). The stock +4.5% the day after the results against the day before. For this quarter analysts expect revenue of USD 9.9bn (+12.6% on the year). EPS estimate: USD 5.12 for this quarter, USD 20.04 for this year.
What the revenue consists of
| Payment Network | USD 5.7bn | 58.6% | +11.0% | | Value Added Services And Solutions | USD 4.1bn | 41.4% | +18.6% |
Where the revenue came from
| International Markets | USD 5.6bn | 57.3% | +13.5% | | North America | USD 4.2bn | 42.7% | +14.8% |
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | USD 9.8bn | USD 6.0bn | USD 4.8bn |
| 2Q 2026 | USD 9.3bn | USD 5.7bn | USD 3.3bn |
| 1Q 2026 | USD 8.4bn | USD 5.0bn | USD 2.7bn |
| 4Q 2025 | USD 8.8bn | USD 5.1bn | USD 4.7bn |
| 3Q 2025 | USD 8.6bn | USD 5.2bn | USD 5.3bn |
Analysts after the report
Since the report 12 analyst firms changed or repeated their view: 12 raised the price target, 0 cut it. The average target is USD 702 (range 550–800) with the price at USD 638. Ratings: 36 buy, 3 hold, 1 sell.
| Firm | Rating | Price target |
|---|---|---|
| UBS | Buy | 670 → 750 USD |
| Macquarie | Outperform | 670 → 750 USD |
| JP Morgan | Overweight | 720 → 755 USD |
| TD Cowen | Buy | 667 → 726 USD |
| Wells Fargo | Overweight | 668 → 731 USD |
| RBC Capital | Outperform | 696 → 742 USD |
| Barclays | Overweight | 660 → 700 USD |
| Keefe, Bruyette & Woods | Outperform | 685 → 750 USD |
Press release and results on SEC EDGAR ↗
ABBV – AbbVie (Fri Oct 30)
| Revenue | USD 17.4bn | +10.3% on the year | | Gross profit | USD 13.1bn | margin 75.4% (a year ago 66.4%) | | Operating profit | USD 6.5bn | margin 37.3% (a year ago 29.1%) | | Net profit | USD 4.2bn | a year ago USD 186m | | Free cash flow | USD 7.3bn | a year ago USD 6.6bn | | Capital spending | USD 301m | a year ago USD 381m | | Research and development | USD 2.6bn | a year ago USD 2.3bn | | To shareholders | USD 3.1bn | buybacks USD 5m, dividends USD 3.1bn | | Cash | USD 10.8bn | debt USD 80.9bn |
EPS 3.82 USD against 3.77 USD expected (+1.3%). The stock — the day after the results against the day before. For this quarter analysts expect revenue of USD 18.4bn (+10.8% on the year). EPS estimate: USD 3.88 for this quarter, USD 13.98 for this year.
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | USD 17.4bn | USD 6.5bn | USD 7.3bn |
| 2Q 2026 | USD 17.0bn | USD 6.7bn | USD 3.1bn |
| 1Q 2026 | USD 15.0bn | USD 4.7bn | USD 3.6bn |
| 4Q 2025 | USD 16.6bn | USD 5.8bn | USD 4.9bn |
| 3Q 2025 | USD 15.8bn | USD 4.6bn | USD 6.6bn |
Analysts after the report
Since the report 8 analyst firms changed or repeated their view: 8 raised the price target, 0 cut it. The average target is USD 311 (range 237–350) with the price at USD 291. Ratings: 23 buy, 5 hold, 1 sell.
| Firm | Rating | Price target |
|---|---|---|
| UBS | Neutral | 275 → 295 USD |
| Leerink Partners | Outperform | 309 → 342 USD |
| Morgan Stanley | Overweight | 310 → 346 USD |
| Guggenheim | Buy | 288 → 322 USD |
| Wells Fargo | Overweight | 300 → 340 USD |
| RBC Capital | Outperform | 280 → 330 USD |
| Canaccord Genuity | Buy | 290 → 338 USD |
| Cantor Fitzgerald | Overweight | 290 → 325 USD |
Press release and results on SEC EDGAR ↗
601939.SS – China Construction Bank (Sat Oct 31)
| Revenue | CNY 201.2bn | — on the year | | Net profit | CNY 104.7bn | a year ago — | | Free cash flow | CNY 910.4bn | a year ago — | | Capital spending | CNY 3.0bn | a year ago — | | To shareholders | CNY 64.6bn | buybacks CNY 0m, dividends CNY 64.6bn | | Cash | CNY 3,979.5bn | debt CNY 3,781.5bn |
EPS 0.40 CNY against 0.38 CNY expected (+5.3%). The stock — the day after the results against the day before. For this quarter analysts expect revenue of CNY 195.7bn (+8.3% on the year). EPS estimate: CNY 0.33 for this quarter, CNY 1.35 for this year.
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | CNY 201.2bn | — | CNY 910.4bn |
| 2Q 2026 | CNY 224.9bn | — | CNY −249.8bn |
| 1Q 2026 | CNY 211.0bn | — | CNY 591.7bn |
| 4Q 2025 | CNY 187.2bn | — | CNY 272.6bn |
| 2Q 2025 | CNY 204.5bn | — | CNY 533.2bn |
Analysts after the report
The average target is CNY 12.59 (range 9.50–14.20) with the price at CNY 12.14. Ratings: 13 buy, 4 hold, 1 sell.
CVX – Chevron (Fri Oct 30)
| Revenue | USD 65.2bn | +35.4% on the year | | Gross profit | USD 22.4bn | margin 34.4% (a year ago 31.1%) | | Operating profit | USD 11.4bn | margin 17.5% (a year ago 8.9%) | | Net profit | USD 9.9bn | a year ago USD 3.5bn | | Free cash flow | USD 12.0bn | a year ago USD 4.9bn | | Capital spending | USD 4.0bn | a year ago USD 4.4bn | | To shareholders | USD 6.0bn | buybacks USD 2.5bn, dividends USD 3.5bn | | Cash | USD 12.8bn | debt USD 33.5bn |
EPS 5.28 USD against 4.87 USD expected (+8.4%). The stock — the day after the results against the day before. For this quarter analysts expect revenue of USD 65.2bn (+39.0% on the year). EPS estimate: USD 5.69 for this quarter, USD 18.41 for this year.
What the revenue consists of
| Reportable Segment Aggregation Before Other Operating | USD 65.2bn | 99.7% | +35.4% | | Other | USD 167m | 0.3% | −41.6% |
The last quarters
| Quarter to | Revenue | Operating profit | FCF |
|---|---|---|---|
| 3Q 2026 | USD 65.2bn | USD 11.4bn | USD 12.0bn |
| 2Q 2026 | USD 67.2bn | USD 14.3bn | USD 18.1bn |
| 1Q 2026 | USD 47.6bn | USD 3.2bn | USD −1.5bn |
| 4Q 2025 | USD 45.8bn | USD 4.0bn | USD 5.5bn |
| 3Q 2025 | USD 48.2bn | USD 4.3bn | USD 4.9bn |
Analysts after the report
Since the report 6 analyst firms changed or repeated their view: 5 raised the price target, 0 cut it. The average target is USD 243 (range 202–272) with the price at USD 213. Ratings: 21 buy, 5 hold, 0 sell.
| Firm | Rating | Price target |
|---|---|---|
| Freedom Broker | Sell → Hold | 218 USD |
| UBS | Buy | 235 → 265 USD |
| Barclays | Equal-Weight | 208 → 244 USD |
| Morgan Stanley | Overweight | 226 → 230 USD |
| Evercore ISI Group | Outperform | 225 → 250 USD |
| Wells Fargo | Overweight | 230 → 268 USD |
Press release and results on SEC EDGAR ↗
Quotes are picked by a rule: the CEO's and CFO's sentences on the outlook with a number, then on demand. They aren't every important sentence of the call. Free cash flow (FCF) is operating cash flow less capital spending.