C Q3 2026 Earnings — Income Statement Breakdown
For its Q3 2026 period (ending 2026-09-30), C reported revenue of $23.8B, gross profit of $21.2B (89.1% gross margin), operating income of $7.3B, and net income of $5.2B (22.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
C was profitable; revenue fell 47.4% quarter over quarter, and revenue beat consensus by 0.4%.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −47.4% | −10.0% | +9.2 pp |
Consensus revenue estimate was $23.7B; reported revenue was +0.4% versus consensus. EPS was $2.85 versus $2.65 expected.
C Q3 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $23.8B | 100% |
| Cost of Revenue | −$2.6B | 10.9% |
| Gross Profit | $21.2B | 89.1% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$13.9B | 58.5% |
| Operating Income | $7.3B | 30.7% |
| Income Tax Expense | −$1.9B | 7.9% |
| Net Income | $5.2B | 22.0% |
Source: original SEC filing (filed 2026-10-13). Accession 0001104659-26-115323. Data normalized by EarningsFyi.