3M income statement

In fiscal 2025, 3M reported revenue of $24.95bn, up 1.5% on the year before, operating income of $4.63bn (a 18.6% margin) and net income of $3.25bn, or $6.00 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

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

3M: income statement, annual
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	23.1	26.7	29.6	29.9	30.9	31.8	30.3	30.1	31.7	32.8	32.1	32.2	35.4	26.2	24.6	24.6	24.9	25.2
Cost of revenue	12.1	13.8	15.7	15.7	16.1	16.4	15.4	15.1	16.1	16.7	17.1	16.6	18.8	15.9	15.0	14.4	15.0	15.3
Gross profit	11.0	12.8	13.9	14.2	14.8	15.4	14.9	15.0	15.6	16.1	15.0	15.6	16.6	10.3	9.6	10.1	10.0	10.0
Research and development	0.8	0.9	1.0	1.1	1.2	1.2	1.2	1.2	1.4	1.3	1.3	1.1	1.2	0.8	0.7	0.7	—	—
Selling, general and administrative	4.9	5.5	6.2	6.1	6.4	6.5	6.2	6.3	6.6	7.6	7.0	6.9	7.2	7.2	19.2	4.2	4.0	3.7
Operating income	4.8	5.9	6.2	6.5	6.7	7.1	6.9	7.0	7.7	7.2	6.2	7.2	7.4	4.4	−10.7	4.8	4.6	4.7
Interest expense	—	—	—	—	—	—	0.1	0.2	0.3	0.4	0.4	0.5	0.5	0.5	0.9	1.2	0.9	0.9
Income before tax	4.6	5.8	6.0	6.4	6.6	7.0	6.8	7.1	7.5	7.0	5.7	6.8	7.2	4.2	−11.3	4.8	4.2	4.4
Income tax	1.4	1.6	1.7	1.8	1.8	2.0	2.0	2.0	2.7	1.6	1.1	1.3	1.3	0.2	−2.9	0.8	1.0	0.9
Net income	3.2	4.1	4.3	4.4	4.7	5.0	4.8	5.1	4.9	5.3	4.5	5.4	5.9	5.8	−7.0	4.2	3.3	3.5
Diluted EPS	$4.52	$5.63	$5.96	$6.32	$6.72	$7.49	$7.58	$8.16	$7.93	$8.89	$7.72	$9.36	$10.12	$10.18	−$12.63	$7.55	$6.00	$6.68
Diluted shares (average)	707m	726m	719m	703m	694m	662m	637m	619m	613m	602m	585m	582m	585m	568m	554m	552m	541m	529m
EBITDA	6.0	7.0	7.4	7.8	8.0	8.5	8.4	8.5	9.2	8.7	7.8	9.1	9.3	6.2	−8.7	6.2	5.9	6.2

US$ millions unless shown otherwise. Fiscal quarters.

3M: income statement, quarterly
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	6,010	5,954	6,344	6,517	6,133	6,030	6,500	6,584
Cost of revenue	3,744	3,478	3,646	3,792	4,075	3,574	3,817	3,801
Gross profit	2,266	2,476	2,698	2,725	2,058	2,456	2,683	2,783
Selling, general and administrative	899	945	1,267	820	965	744	1,061	921
Operating income	1,085	1,246	1,140	1,447	796	1,397	984	1,558
Interest expense	252	255	237	232	222	214	202	217
Income before tax	759	1,385	923	1,147	758	878	1,120	1,670
Income tax	33	265	245	308	185	221	183	261
Net income	728	1,116	723	834	577	653	933	1,373
Diluted EPS	$1.33	$2.04	$1.34	$1.55	$1.07	$1.23	$1.78	$2.63
EBITDA	1,407	1,536	1,430	1,745	1,226	1,723	1,319	1,894

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from 3M's SEC filings (10-K and 10-Q), retrieved October 21, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to 3M.