Johnson Controls income statement
In fiscal 2025, Johnson Controls reported revenue of $23.60bn, up 2.8% on the year before and net income of $3.29bn, or $5.03 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 | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.9 | 11.0 | 10.6 | 9.9 | 10.1 | 38.7 | 17.1 | 20.8 | 22.8 | 23.4 | 24.0 | 22.3 | 23.7 | 20.6 | 22.3 | 23.0 | 23.6 | 25.0 |
| Cost of revenue | 10.9 | 7.4 | 6.9 | 3.9 | 4.0 | 32.4 | 12.6 | 15.2 | 15.3 | 15.7 | 16.3 | 14.9 | 15.6 | 13.5 | 14.5 | 14.9 | 15.0 | 15.8 |
| Gross profit | 6.0 | 3.6 | 3.7 | 6.0 | 6.1 | 6.3 | 4.5 | 5.7 | 7.5 | 7.7 | 7.7 | 7.4 | 8.1 | 7.1 | 7.8 | 8.1 | 8.6 | 9.2 |
| Research and development | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | — |
| Selling, general and administrative | 4.6 | 2.9 | 2.8 | 2.8 | 2.8 | 4.2 | 3.2 | 4.2 | 5.7 | 5.6 | 6.2 | 5.7 | 5.3 | 5.1 | 5.4 | 5.7 | 5.8 | 5.6 |
| Operating income | −1.5 | 0.6 | 1.0 | 0.6 | 0.7 | 0.7 | 0.9 | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | — | — | — | — |
| Income before tax | −1.8 | 0.3 | 0.8 | −0.1 | 0.6 | 1.9 | 0.9 | 1.1 | 1.2 | 1.5 | 1.1 | 0.9 | 2.6 | 1.1 | 1.1 | 1.5 | 2.0 | 2.7 |
| Income tax | 0.1 | −0.0 | 0.1 | 0.3 | 0.1 | 0.4 | 0.1 | 0.2 | 0.3 | 0.2 | −0.2 | 0.1 | 0.9 | −0.2 | −0.5 | 0.1 | 0.2 | 0.5 |
| Net income | −1.8 | 1.1 | 1.7 | 0.5 | 0.5 | 1.2 | 1.6 | −0.9 | 1.6 | 2.2 | 5.7 | 0.6 | 1.6 | 1.5 | 1.8 | 1.7 | 3.3 | 3.6 |
| Diluted EPS | −$3.80 | $2.31 | $3.59 | $1.02 | $1.14 | $1.80 | $2.36 | −$1.29 | $1.71 | $2.32 | $6.49 | $0.84 | $2.27 | $2.19 | $2.69 | $2.52 | $5.03 | $5.79 |
| Diluted shares (average) | 473m | 488m | 479m | 463m | 472m | 675m | 662m | 673m | 945m | 932m | 874m | 754m | 721m | 700m | 687m | 676m | 654m | 618m |
| EBITDA | −0.4 | 1.1 | 1.4 | 1.0 | 1.1 | 1.7 | 1.7 | — | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,248 | 5,426 | 5,676 | 6,052 | 6,442 | 5,797 | 6,142 | 6,614 |
| Cost of revenue | 3,980 | 3,500 | 3,607 | 3,806 | 4,091 | 3,723 | 3,880 | 4,140 |
| Gross profit | 2,268 | 1,926 | 2,069 | 2,246 | 2,351 | 2,074 | 2,262 | 2,474 |
| Selling, general and administrative | 1,368 | 1,399 | 1,427 | 1,417 | 1,521 | 1,221 | 1,401 | 1,407 |
| Interest expense | — | 67 | 56 | 55 | — | 42 | 60 | 58 |
| Income before tax | 648 | 408 | 501 | 705 | 355 | 708 | 738 | 917 |
| Income tax | 110 | 47 | 26 | 87 | 85 | 152 | 126 | 165 |
| Net income | 633 | 419 | 478 | 701 | 1,693 | 524 | 613 | 749 |
| Diluted EPS | $0.94 | $0.63 | $0.72 | $1.07 | $2.61 | $0.85 | $1.00 | $1.23 |
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