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Operating Income Contraction
Trending lower, above historical average, modest growth trend.
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Profit from core business operations before interest and taxes

Latest
$8.65B
↑ 21% above average
Average (9y)
$7.13B
Historical baseline
Range
High:$10.60B
Low:$2.69B
CAGR
+6.3%
Consistent expansion
PeriodValueChange
2025$8.65B-18.4%
2024$10.60B+24.7%
2023$8.50B+9.4%
2022$7.77B-23.4%
2021$10.15B+41.3%
2020$7.18B+22.4%
2019$5.86B+17.9%
2018$4.97B+85.3%
2017$2.69B-46.0%
2016$4.97B-