In the third quarter of 2024, Google's parent company Alphabet reported a net income of over 34.5 billion U.S. dollars. This represents an increase of 45 percent from the 23.6 billion U.S. dollars generated in the corresponding quarter of the previous year, and is the highest quarterly net income registered by the company so far.
In the first quarter of 2025, Meta's net income amounted to 16.6 billion U.S. dollars, down from 20.8 billion when compared to the previous quarter.Facebook company informationFacebook is the biggest social network worldwide. The platform generates the vast majority of its revenues through advertising – as of March 2020, 98 percent of Facebook’s revenues were derived from ad sales, making the company highly dependent on market regulations regarding digital ad sales. In 2019, Facebook was second only to Google in terms of digital advertising revenues. The company’s ad revenue during this period amounted to 69.7 billion U.S. dollars. Facebook is still among the fastest-growing tech companies in the world. In 2020, the company increased its revenue by 21.6 percent compared to the previous year. Facebook founder Mark Zuckerberg also ranks among the richest internet billionaires with a personal net worth of roughly 97 billion U.S. dollars.
In the last reported quarter, social network X/Twitter had a net loss of 270 million U.S. dollars, down from a net income of 513 million U.S. dollars in the first quarter of 2022.In 2020, the decline in revenue was due to an advertising slump caused by the outbreak of the global coronavirus pandemic, which led the company to recognize a deferred tax asset valuation allowance of 1.1 billion U.S. and a non-cash income tax expense based primarily on cumulative taxable losses driven primarily by COVID-19.
In the first quarter 2025, Amazon's net income amounted to roughly 17 billion U.S. dollars, down from the previous quarter.
Bank of America's quarterly net income has fluctuated significantly over the years, peaking at 9.22 billion U.S. dollars in the second quarter of 2021. However, it saw a sharp decline in the fourth quarter of 2023, dropping to 3.14 billion U.S. dollars. Throughout 2024, the bank's quarterly net income remained relatively stable, averaging just below seven billion U.S. dollars per quarter. This volatility reflects broader trends in the U.S. banking industry, where major institutions have struggled to maintain consistent growth amid evolving economic conditions.
The quarterly net income of Wells Fargo grew overall between 2007 and 2024, albeit with significant fluctuations. After the financial crisis in 2007/2008, the quarterly income of the bank grew relatively steadily until 2019 when it started a sharp decrease. The first quarter of 2020 recorded a record low quarterly income as a result of the economic slowdown due to the COVID-19 pandemic. In the next year, Wells Fargo's quarterly income increased again, but not for long: From the first quarter of 2022, the income of the U.S.-based banking giant declined sharply. The income growth rate in the last quarter of 2022 was minus **** percent, the lowest since the third quarter of 2020. In the last quarter of 2024, it amounted to over ************ U.S. dollars, with an increase of over ** percent compared to the same quarter last year.
In the first quarter of 2025, the net earnings of Match Group stood at 117.5 million U.S. dollars, down from over 158 million U.S. dollars in the previous quarter. The majority of paid subscribers of the Match Group are located in the Americas.
In the first quarter of 2025, social media and image sharing platform Pinterest reported a net income of approximately 8.9 million U.S. dollars.
Shopify made approximately *** million U.S. dollars in net gain during the first quarter of 2025. The company generated a positive net income until the third quarter of 2021 then the negative trend started. According to information disclosed by the company, the net loss registered at the beginning of 2022 was due to significant equity investments.
In the first quarter of 2025, Alibaba Group recorded a net income of around 11.9 billion yuan. This represented a more than 1,200 percent increase compared with the same period in the previous year.
In the second fiscal quarter of 2025, the Walt Disney Company reported a net income of 3.2 billion U.S. dollars, up from a net loss of 20 million U.S. dollars in the same quarter of the previous year. Film studio's success The Walt Disney Company is well-known all over the world and has been famous for decades. Founded by Walt and Roy O. Disney in 1923, the company is popular among children and adults alike for its detailed cartoons as well as countless feature-length animations and shorts. For its contributions to the silver screen, Walt Disney Studios received 10 Academy Award nominations in 2023, as well as two wins. However, in 2025, the studio received just one nomination, marking a significant decline compared to previous years. Brand strength Not only is the company a household name loved for its merchandise, theme parks, and near timeless appeal, it is also one of the most valuable U.S. brands in the world. Despite the death of Walt Disney in 1966, the company has gone from strength to strength and kept up with the pace of every fast-moving market of which it is a part, with the most recent addition being streaming service Disney+. The Walt Disney Company has multiple assets, and its entertainment holdings include Marvel Studios, Lucasfilm, 20th Century Fox, Pixar, and ESPN Inc.
In the first quarter of 2025, the local business recommendation site Yelp's net income amounted to ** million U.S. dollars, down from ** million USD in the previous quarter. The losses throughout 2020 were related to the shift in advertising budgets due to the ongoing coronavirus pandemic.
In the fourth quarter of 2024, Comcast reported a net income of around 4.78 billion U.S. dollars, up from 3.63 billion dollars recorded in the corresponding quarter of the previous year. The highest figure was reported in the last quarter of 2017.
In the third quarter of the fiscal year 2025, Microsoft's net income amounted to over ** billion U.S. dollars, with nearly **** billion U.S. dollars higher compared to the corresponding quarter in the previous fiscal year.
During the first quarter of 2025, the C2C e-commerce company Etsy Inc. reported a net loss of over 52 million U.S. dollars, down from the net income of 63 million U.S. dollars reported in the same quarter of the previous year.
After reporting losses from the first quarter of 2021 to the second quarter of 2022, Nubank saw a steady rise in net income from 2022 to 2025. As of the first quarter of 2025, Nubank's net income increased to ***** million U.S. dollars, the highest value observed during this period.
During the third quarter of 2024, Vimeo reported net earnings of roughly 9.8 million U.S. dollars. The company, which went public in May 2021, was a segment of the IAC/InterActiveCorp. In 2023, Vimeo reported annual net income of almost 22.03 million U.S. dollars.
Reddit Inc. is a social media company focused on news sharing and community. In the first quarter of 2025, Reddit Inc. registered a net income of roughly 26 million U.S. dollars. This represents a significant increase in net income compared to the corresponding quarter in 2024, when the company recorded a net loss of 575.07 million U.S. dollars.
The quarterly net income of the largest bank in the United States, JPMorgan Chase, increased overall between the first quarter of 2007 and the first quarter of 2025. The lowest net income of the bank was measured in the third quarter of 2008, due to the financial crisis. After that, the net income of the American banking giant grew more-or-less steadily until the COVID-19 pandemic. The first quarter of 2020 was yet another low point in the bank's quarterly income, with a significant decrease compared to the previous quarters. Although JPMorgan Chase's net income peaked in the first quarter of 2021, it started to decrease again right after that, reaching the lowest value since the pandemic in the first quarter of 2022. After a rocky start of 2022, net income of the bank increased gradually, reaching over ** billion U.S. dollars in the second quarter of 2024. In the first quarter of 2025, the net income amounted to around **** billion U.S. dollars.
FIS' net income reached a positive value in Q2 2024, following a quarter of significant increase. FIS, or Fidelity National Information Services, is a U.S. fintech company that provides payment processing services to retail and banking. It is the company that took over UK payment processor Worldpay in 2019. FIS' overall lack of profitability led the U.S. company to sell its majority shares in Worldpay in *********. FIS ranked as one of the biggest merchant acquirers in the United States in 2022, based on the number of transactions processed.
In the third quarter of 2024, Google's parent company Alphabet reported a net income of over 34.5 billion U.S. dollars. This represents an increase of 45 percent from the 23.6 billion U.S. dollars generated in the corresponding quarter of the previous year, and is the highest quarterly net income registered by the company so far.