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Operating Income Contraction
Trending higher, below historical average, slight contraction.
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Profit from core business operations before interest and taxes

Latest
$9.18B
↓ 39% below average
Average (9y)
$15.02B
Historical baseline
Range
High:$23.71B
Low:$6.66B
CAGR
-5.2%
Structural decline
PeriodValueChange
2025$9.18B+37.9%
2024$6.66B-11.2%
2023$7.50B-50.9%
2022$15.27B+2.3%
2021$14.93B-26.3%
2020$20.24B-14.6%
2019$23.71B+24.3%
2018$19.08B+1.6%
2017$18.77B+26.6%
2016$14.83B-