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Operating Income Contraction
Trending lower, strong compound growth.
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Profit from core business operations before interest and taxes

Latest
$13.92B
Near historical average
Average (9y)
$12.72B
Historical baseline
Range
High:$23.29B
Low:$2.69B
CAGR
+20.0%
Consistent expansion
PeriodValueChange
2025$13.92B-40.1%
2024$23.24B-0.2%
2023$23.29B+59.4%
2022$14.61B-11.3%
2021$16.46B+21.3%
2020$13.57B+55.3%
2019$8.74B+67.8%
2018$5.21B-5.3%
2017$5.50B+104.6%
2016$2.69B-