Boeing income statement
In fiscal 2025, Boeing reported revenue of $89.46bn, up 34.5% on the year before, operating income of $4.28bn (a 4.8% margin) and net income of $2.23bn, or $2.48 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 68.3 | 64.3 | 68.7 | 81.7 | 86.6 | 90.8 | 96.1 | 93.5 | 94.0 | 101.1 | 76.6 | 58.2 | 62.3 | 66.6 | 77.8 | 66.5 | 89.5 | 94.9 |
| Cost of revenue | 56.5 | 51.8 | 55.9 | 68.7 | 73.3 | 76.8 | 82.1 | 79.0 | 76.6 | 81.5 | 72.1 | 63.8 | 59.2 | 63.1 | 70.1 | 68.5 | 85.2 | 86.0 |
| Gross profit | 11.7 | 12.5 | 12.8 | 13.0 | 13.4 | 14.0 | 14.0 | 14.5 | 17.4 | 19.6 | 4.5 | −5.7 | 3.0 | 3.5 | 7.7 | −2.0 | 4.3 | 8.9 |
| Research and development | 6.5 | 4.1 | 3.9 | 3.3 | 3.1 | 3.0 | 3.3 | 4.6 | 3.2 | 3.3 | 3.2 | 2.5 | 2.2 | 2.9 | 3.4 | 3.8 | 3.6 | 3.6 |
| General and administrative | 3.4 | 3.6 | 3.4 | 3.7 | 4.0 | 3.8 | 3.5 | 3.6 | 4.1 | 4.6 | 3.9 | 4.8 | 4.2 | 4.2 | 5.2 | 5.0 | 6.1 | 5.5 |
| Operating income | 2.1 | 5.0 | 5.8 | 6.3 | 6.6 | 7.5 | 7.4 | 6.5 | 10.3 | 12.0 | −2.0 | −12.8 | −2.9 | −3.5 | −0.8 | −10.7 | 4.3 | 9.7 |
| Provision for credit losses | 0.0 | −0.1 | 0.3 | 0.0 | −0.0 | −0.0 | −0.0 | −0.0 | 0.0 | −0.0 | 0.3 | 0.0 | 0.0 | 0.0 | −0.0 | −0.0 | −0.0 | — |
| Income before tax | 1.7 | 4.5 | 5.4 | 5.9 | 6.2 | 7.1 | 7.2 | 5.8 | 10.1 | 11.6 | −2.3 | −14.5 | −5.0 | −5.0 | −2.0 | −12.2 | 2.6 | 7.9 |
| Income tax | 0.4 | 1.2 | 1.4 | 2.0 | 1.6 | 1.7 | 2.0 | 0.7 | 1.6 | 1.1 | −1.6 | −2.5 | −0.7 | 0.0 | 0.2 | −0.4 | 0.4 | 0.2 |
| Net income | 1.3 | 3.3 | 4.0 | 3.9 | 4.6 | 5.4 | 5.2 | 5.0 | 8.5 | 10.5 | −0.6 | −11.9 | −4.2 | −4.9 | −2.2 | −11.8 | 2.2 | 7.7 |
| Diluted EPS | $1.84 | $4.45 | $5.34 | $5.11 | $5.96 | $7.38 | $7.44 | $7.83 | $13.85 | $17.85 | −$1.12 | −$20.88 | −$7.15 | −$8.30 | −$3.67 | −$18.36 | $2.48 | $9.72 |
| Diluted shares (average) | 713m | 741m | 751m | 762m | 768m | 737m | 695m | 643m | 610m | 586m | 565m | 569m | 588m | 595m | 606m | 647m | 762m | 788m |
| EBITDA | 3.2 | 6.7 | 7.5 | 8.1 | 8.4 | 9.4 | 9.3 | 8.4 | 12.4 | 14.1 | 0.3 | −10.5 | −0.7 | −1.5 | 1.1 | −8.9 | 6.2 | 12.0 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.2 | 19.5 | 22.7 | 23.3 | 23.9 | 22.2 | 24.6 | 24.2 |
| Cost of revenue | 16.8 | 17.1 | 20.3 | 25.6 | 22.1 | 19.7 | 22.1 | 22.0 |
| Gross profit | −1.6 | 2.4 | 2.4 | −2.4 | 1.8 | 2.5 | 2.4 | 2.2 |
| Research and development | 0.8 | 0.8 | 0.9 | 0.9 | 1.0 | 0.9 | 0.9 | 0.8 |
| General and administrative | 1.4 | 1.1 | 1.8 | 1.5 | 1.7 | 1.2 | 1.4 | 1.2 |
| Operating income | −3.8 | 0.5 | −0.2 | −4.8 | 8.8 | 0.4 | 0.2 | 0.4 |
| Provision for credit losses | −0.0 | −0.0 | 0.0 | −0.0 | 0.0 | — | — | — |
| Income before tax | −4.1 | 0.1 | −0.6 | −5.2 | 8.3 | 0.0 | −0.4 | −0.1 |
| Income tax | −0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | −0.0 |
| Net income | −3.9 | −0.0 | −0.6 | −5.3 | 8.2 | −0.0 | −0.4 | −0.1 |
| Diluted EPS | −$5.45 | −$0.16 | −$0.92 | −$7.14 | $10.73 | −$0.11 | −$0.67 | −$0.26 |
| EBITDA | −3.3 | 0.9 | 0.3 | −4.3 | 9.3 | 1.0 | 0.8 | 0.9 |
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