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Operating Income Performance
Slight contraction.
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Profit from core business operations before interest and taxes

Latest
$3.31B
Near historical average
Average (9y)
$3.38B
Historical baseline
Range
High:$5.64B
Low:$2.25B
CAGR
-5.7%
Structural decline
PeriodValueChange
2025$3.31B+0.5%
2024$3.30B+2.4%
2023$3.22B+15.7%
2022$2.78B+23.9%
2021$2.25B-1.4%
2020$2.28B-14.8%
2019$2.67B-28.9%
2018$3.76B-18.0%
2017$4.59B-18.7%
2016$5.64B-