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Income Statement · Annual · Millions · USD
Line itemFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Total revenues3,6044,2044,4434,8295,3716,2185,4685,9167,0887,718
Net interest income––––––––––
Cost of revenue–1,2161,2461,3871,4751,6371,6131,6871,9451,973
Gross profit–2,9883,1973,4423,8964,5813,8554,2295,1435,745
Realized investment gains (losses)–––––13(14)141311
Research and development404251–––––––
Selling, general and administrative9319861,0801,1671,2291,4801,5271,6321,7351,803
Total operating expenses2,9532,3832,5752,831––––––
Compensation and benefits––––––2,0562,2412,5392,574
Operating income6511,8211,8681,9982,3882,8441,8832,1372,8753,351
Interest and investment income11161517119156310265
Other non-operating income (expense)(93)(34)(196)(188)(159)(89)(123)(202)(176)(221)
Income before taxes5581,7871,6721,8102,2292,7551,7601,9352,6993,130
Income tax expense282779352381452541386327640668
Net income from continuing operations2761,0081,3201,4291,7772,2141,3741,6082,0592,462
Net income2671,0011,3101,4221,7782,2141,3741,6072,0582,459
MCO · FinancialMD