COMCAST CORP

CMCSA 10-K · Q4 2025

CMCSA Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 32,310 31,914 +1.2%
Show Product Lines breakouts
Advertising · Residential Connectivity & Platforms 1,032 1,158 -10.9%
Content licensing · Studios 2,185 2,383 -8.3%
Domestic advertising · Media 2,684 2,645 +1.5%
Domestic broadband · Residential Connectivity & Platforms 6,316 6,384 -1.1%
Domestic distribution · Media 3,038 2,884 +5.3%
Domestic wireless · Residential Connectivity & Platforms 1,402 1,189 +17.9%
International connectivity · Residential Connectivity & Platforms 1,337 1,263 +5.9%
International networks · Media 1,296 1,089 +19.0%
Other · Media 602 602 0.0%
Other · Residential Connectivity & Platforms 1,203 1,286 -6.5%
Other · Studios 430 371 +15.9%
Theatrical · Studios 412 515 -20.0%
Total residential connectivity · Residential Connectivity & Platforms 9,055 8,836 +2.5%
Video · Residential Connectivity & Platforms 6,356 6,736 -5.6%
Show Business Segments breakouts
Business Services Connectivity · Operating Segments 2,585 2,442 +5.9%
Business Services Connectivity · Operating Segments 2,590 2,448 +5.8%
Media · Operating Segments 6,383 6,125 +4.2%
Media · Operating Segments 7,620 7,222 +5.5%
Residential Connectivity & Platforms · Operating Segments 17,618 17,970 -2.0%
Residential Connectivity & Platforms · Operating Segments 17,647 18,016 -2.0%
Studios · Operating Segments 2,053 2,277 -9.8%
Studios · Operating Segments 3,028 3,270 -7.4%
Theme Parks · Operating Segments 2,893 2,373 +21.9%
Theme Parks · Operating Segments 2,893 2,374 +21.9%
Show — breakouts
Revenue 2,245 2,141 +4.9%
Revenue -5,988 -5,978 -0.2%
Revenue -1,089 -1,316 +17.2%
Revenue -5,907 -5,828 -1.4%
Revenue -2,806 -2,742 -2.3%
Revenue -6,010 -6,000 -0.2%
Show Consolidation Items breakouts
Consolidation Eliminations -2,337 -2,216 -5.5%
Corporate Non Segment 869 801 +8.5%
Operating Segments 33,777 33,329 +1.3%
Operating Segments · External Customers 31,532 31,188 +1.1%
Total Costs & Expenses 28,822 26,922 +7.1%
Operating Income 3,488 4,993 -30.1%
Non-Operating Income (Expense) -202 -350 +42.3%
Interest Expense -1,126 -1,069 -5.3%
Other Non-Operating Income (Expense) 148 41 +261.0%
Income Before Taxes 2,159 3,574 -39.6%
Income Tax Expense (Benefit) -89 1,110 -108.0%
Net Income 2,070 4,685 -55.8%
Net Income 2,168 4,777 -54.6%
Comprehensive Income 2,250 2,742 -17.9%
EPS (Basic) 0.62 1.25 -50.4%
EPS (Diluted) 0.61 1.24 -50.8%
Wtd Avg Shares (Basic) -23 -23 0.0%
Wtd Avg Shares (Diluted) -24 -22 -9.1%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 8 52 -84.6%
Net Income Loss Attributable To Noncontrolling Interest -97 -93 -4.3%
Marketing And Advertising Expense 2,427 2,144 +13.2%
Show Business Segments breakouts
Media · Operating Segments 516 402 +28.4%
Studios · Operating Segments 493 357 +38.1%
Income Loss From Equity Method Investments -279 -242 -15.3%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 9,481 7,322 +29.5%
Accounts Receivable 13,869 13,661 +1.5%
Show Finance Receivable Program [Axis] breakouts
Equipment Installment Plan · Notes Receivable 2,096 1,827 +14.7%
Other Assets Current 6,217 5,817 +6.9%
Total Current Assets 29,567 26,801 +10.3%
Short-Term Investments 14 21 -33.3%
Non-Current Assets
Film Monetized On Its Own And Entertainment License Agreement For Program Material Including Sports Rights Advances Capitalized Costs Noncurrent 12,214 12,541 -2.6%
Long Term Investments 7,952 8,647 -8.0%
Property, Plant & Equipment 65,680 62,548 +5.0%
Show Geography breakouts
Non Us 9.8 10 -2.0%
US 55.9 52.6 +6.3%
Goodwill 61,502 58,209 +5.7%
Show Business Segments breakouts
Business Services Connectivity · Operating Segments 3.4 2.2 +54.5%
Media · Operating Segments 20.1 19.5 +3.1%
Residential Connectivity & Platforms · Operating Segments 29.3 27.8 +5.4%
Studios · Operating Segments 3.7 3.7 0.0%
Theme Parks · Operating Segments 5 5 0.0%
Other Non-Current Assets 13,877 12,501 +11.0%
Total Assets 272,631 266,211 +2.4%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Universal Beijing Resort 7.4 7.3 +1.4%
Operating Lease Right-of-Use Assets 5,287 5,524 -4.3%
Other Assets
Indefinite Lived Franchise Rights 59,365 59,365 0.0%
Other Intangible Assets Net 22,474 25,599 -12.2%
Current Liabilities
Accounts Payable 11,058 11,321 -2.3%
Deferred Revenue 4,097 3,507 +16.8%
Accrued Liabilities 12,410 10,679 +16.2%
Debt Current 5,958 4,907 +21.4%
Total Current Liabilities 33,524 39,581 -15.3%
Non-Current Liabilities
Deferred Tax Liabilities 27,788 25,227 +10.2%
Other Non-Current Liabilities 20,965 20,942 +0.1%
Operating Lease Liabilities 5,410 5,569 -2.9%
Total Liabilities (Q)
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Universal Beijing Resort 7.3 7 +4.3%
Other Liabilities
Long Term Debt And Capital Lease Obligations 92,979 94,186 -1.3%
Redeemable Noncontrolling Interest Equity Carrying Amount 224 237 -5.5%
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Common Class A 45 47 -4.3%
Additional Paid-In Capital 37,709 38,102 -1.0%
Retained Earnings 66,675 56,972 +17.0%
Treasury Stock Common Value -7,517 -7,517 0.0%
Accumulated Other Comprehensive Income -8 -2,043 +99.6%
Total Stockholders' Equity 96,903 85,560 +13.3%
Minority Interest 249 477 -47.8%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 97,151 86,038 +12.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 195 325 -40.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 44 106 -58.5%
Accumulated Other Comprehensive Income -8 -2,043 +99.6%
Accumulated Translation Adjustment -247 -2,474 +90.0%
Additional Paid In Capital 37,709 38,102 -1.0%
Common Stock · Common Class A 45 47 -4.3%
Noncontrolling Interest 249 477 -47.8%
Retained Earnings 66,675 56,972 +17.0%
Treasury Stock Common -7,517 -7,517 0.0%
Total Liabilities & Equity 272,631 266,211 +2.4%
Common Stock Shares Outstanding (Q)
Show Statement Class Of Stock breakouts
Common Class A 3,594,768,252 3,778,302,017 -4.9%
Common Class B 9,444,375 9,444,375 0.0%
Treasury Stock Common Shares 919,026,355 919,026,355 0.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Depreciation & Amortization 4,187 3,833 +9.2%
Stock-Based Compensation 274 305 -10.2%
Deferred Income Taxes -576 -1,025 +43.8%
Net Cash from Operations 8,841 8,080 +9.4%
Investing Activities
Capital Expenditures -3,749 -3,914 +4.2%
Other Investing Activities 119 -102 +216.7%
Net Cash from Investing -4,437 -5,111 +13.2%
Financing Activities
Share Repurchases -1,537 -2,183 +29.6%
Net Cash from Financing -3,222 -4,424 +27.2%
Supplemental
Income Taxes Paid -1,623 1,108 -246.5%
Interest Paid 1,189 1,154 +3.0%
Unpaid Capital Expenditures -0.2 0.4 -150.0%
Other Cash Flow
Net Change in Cash 1,188 -1,501 +179.1%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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