Comerica Incorporated
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Comerica Incorporated's past years’ income statements indicate that its last revenue has increased compared to the previous period by 2% to $3,592,000,000. Profit margin reached 25%. Total operating expenses were $3,592,000,000.
Profit Margin
| 2014 | 2.52B | 593M | 23.5% |
|---|---|---|---|
| 2015 | 2.73B | 521M | 19.02% |
| 2016 | 2.84B | 477M | 16.75% |
| 2017 | 3.16B | 743M | 23.45% |
| 2018 | 3.32B | 1.23B | 37.11% |
| 2019 | 3.34B | 1.19B | 35.84% |
| 2020 | 2.91B | 497M | 17.07% |
| 2021 | 2.96B | 1.16B | 39.37% |
| 2022 | 3.53B | 1.15B | 32.57% |
| 2023 | 3.59B | 881M | 24.53% |
CMA Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 3.59B | 3.53B | 2.96B | 2.91B | 3.34B | 3.32B | 3.16B | 2.84B | 2.73B | 2.52B |
Cost of revenue | -1.70B | 0 | 0 | 0 | 0 | 0 | 0 | -2M | 2M | 0 |
Gross profit | 5.29B | 3.53B | 2.96B | 2.91B | 3.34B | 3.32B | 3.16B | 2.85B | 2.73B | 2.52B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 40M | 38M | 35M | 35M | 34M | 30M | 28M | 21M | 24M | 23M |
Total operating expenses | 3.59B | 38M | -1.47B | -2.32B | -1.81B | -1.52B | -1.81B | -2.06B | -1.89B | -1.55B |
Operating income | 1.35B | 1.68B | 1.49B | 591M | 1.53B | 1.80B | 1.35B | 782M | 845M | 965M |
Other income (expenses), net | -206M | -206M | 1.49B | -50M | 1.53B | -267M | -43M | -112M | -26M | -39M |
Income before tax | 1.14B | 1.47B | 1.49B | 591M | 1.53B | 1.53B | 1.23B | 670M | 750M | 870M |
Income tax expense | 263M | 325M | 322M | 117M | 334M | 300M | 491M | 193M | 229M | 277M |
Net income | 881M | 1.15B | 1.16B | 497M | 1.19B | 1.23B | 743M | 477M | 521M | 593M |
Earnings per share | ||||||||||
Basic EPS | 6.47 | 8.56 | 8.44 | 3.47 | 7.94 | 7.35 | 4.27 | 2.77 | 2.96 | 3.31 |
Diluted EPS | 6.42 | 8.44 | 8.32 | 3.44 | 7.89 | 7.22 | 4.17 | 2.69 | 2.88 | 3.21 |
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