The Filing Desk

Stories

A report on one company's latest annual results every Friday, and the week's biggest business and markets story every Sunday: what changed, with the figures, charts and sources from the SEC filings.

  1. IBM revenue rose 4.7% to $17.1 billion in the third quarter; net income rose 25.6%

    Quarterly resultsIBM · IBMQ3 fiscal 2026

    Revenue rose 4.7% to $17.1 billion and net income rose 25.6% to $2.2 billion, helped by a lower tax charge. Free cash flow was $3.7 billion, up 30.6%.

    Revenue
    $17.1B 4.7%
    Net income
    $2.2B 25.6%
    Free cash flow
    $3.7B 30.6%

  2. Meta's AI bill: cash flowing out, a new stock with no vote, and the Nasdaq's worst day since June

    Week in reviewAI spendingOctober 19–23, 2026

    Meta's free cash flow turned negative and it unveiled non-voting shares to help pay for AI, with a California wealth tax in the background. On Thursday the Nasdaq fell 2.6 percent. What the filings show.

  3. Accenture raised buybacks 63% and paid out 99% of its free cash flow

    Company resultsAccenture · ACNFiscal 2026

    Revenue grew 6.5% to $74.2 billion and operating margin rose to 15.4%. Accenture spent $11.5 billion on buybacks and dividends, 99% of its free cash flow, and ended the year with $10.1 billion of debt.

    Revenue
    $74.2B 6.5%
    Operating margin
    15.4% 0.7 pts
    Free cash flow
    $11.6B 6.9%

  4. United Airlines revenue grew in the third quarter, but higher fuel costs cut its margin

    Quarterly resultsUnited Airlines · UALQ3 fiscal 2026

    Revenue grew 17.4% to $17.9 billion and net income rose 8.4% to $1.0 billion. Operating margin fell to 8.1% and operating cash flow dropped to $465 million.

    Revenue
    $17.9B 17.4%
    Operating margin
    8.1% 1.1 pts
    Operating cash flow
    $465M 61.8%

  5. Meta revenue rose 26% to $64.6 billion, but a legal charge cut operating income 37%

    Quarterly resultsMeta Platforms · METAQ3 fiscal 2026

    Revenue rose 26.1% to $64.6 billion, while operating income fell 36.8% to $13.0 billion after a $9.89 billion legal charge. Capital spending of $33.9 billion left free cash flow negative.

    Revenue
    $64.6B 26.1%
    Operating income
    $13.0B 36.8%
    Net income
    $9.9B 264%

  6. Tesla's revenue held flat in the third quarter as operating income fell by more than half

    Quarterly resultsTesla · TSLAQ3 fiscal 2026

    Revenue was $28.0 billion, down 0.2% from a year earlier. Operating income fell 55.8% to $718 million as research spending rose 69.4%, and capital spending more than doubled to $4.7 billion.

    Revenue
    $28.0B 0.2%
    Operating income
    $718M 55.8%
    Free cash flow
    $1.5B 61.6%

  7. Netflix revenue rose 11.9% to $12.9 billion in Q3 as operating margin widened

    Quarterly resultsNetflix · NFLXQ3 fiscal 2026

    Revenue grew 11.9% to $12.9 billion and operating margin reached 34.6%, from 28.2% a year earlier. Share buybacks rose to $4.8 billion.

    Revenue
    $12.9B 11.9%
    Operating margin
    34.6% 6.4 pts
    Free cash flow
    $2.9B 8.4%

  8. General Motors net income rose to $3.3 billion in the third quarter as warranty costs fell

    Quarterly resultsGeneral Motors · GMQ3 fiscal 2026

    Revenue grew 2.9% to $50.0 billion and net income reached $3.3 billion, up from $1.3 billion a year earlier. The company said lower warranty costs helped, and it bought back $2.5 billion of stock.

    Revenue
    $50.0B 2.9%
    Net income
    $3.3B 151.3%
    Free cash flow
    $5.0B 0.1%

  9. Netflix cut 1,000 jobs and its content chief in a week. Tonight it has to explain why

    In the newsNetflix

    Netflix reports after the close on Tuesday, after a week of layoffs and a content shake-up. Here is the bar it set itself and what its 10-Q says about the cuts.

  10. A 15% bond yield, a hot inflation report and the Nasdaq's worst week since June: AI's debt bill arrives

    Week in reviewAI and interest ratesOctober 12–16, 2026

    A viral chart of CoreWeave's bonds and a hotter-than-expected inflation report sent the Nasdaq to its worst week since June. Here is why AI's most indebted companies sold off first, and what the filings show.

  11. Marsh McLennan's revenue rose 8% to $6.9 billion as a legal settlement cut its margin

    Quarterly resultsMarsh McLennan · MRSHQ3 fiscal 2026

    Revenue rose 8.1% to $6.9 billion and diluted EPS rose 11.9% to $1.69. A $144 million charge for the Greensill settlement cut the operating margin to 17.7%.

    Revenue
    $6.9B 8.1%
    Operating margin
    17.7% 0.7 pts
    Diluted EPS
    $1.69 11.9%

  12. Micron's revenue rose 256% to $133.2 billion as memory prices climbed

    Company resultsMicron Technology · MUFiscal 2026

    Revenue rose 256.3% to $133.2 billion as memory prices climbed, and operating margin reached 74.6%. Free cash flow was $59.0 billion, up from $1.7 billion.

    Revenue
    $133.2B 256.3%
    Operating margin
    74.6% 48.4 pts
    Free cash flow
    $59.0B from $1.7B

  13. Tesla's revenue fell in 2025 as car sales dropped and energy storage grew

    Company resultsTesla · TSLAFiscal 2025

    Revenue fell 2.9% to $94.8 billion and operating margin dropped to 4.6%. Net income fell 46.5%, while free cash flow rose 73.7% as capital spending fell.

    Revenue
    $94.8B 2.9%
    Operating margin
    4.6% 2.7 pts
    Free cash flow
    $6.2B 73.7%

  14. Tesla's Roadster flew for a few seconds. Its latest filing shows where the money is going

    Week in reviewTeslaOctober 12–16, 2026

    Tesla unveiled a Roadster that hopped, flipped and landed using rocket-company thrusters. We read the latest 10-Q to see what the show sits on top of.

  15. Domino's net income rose 9.2% in the third quarter as U.S. same store sales grew 0.3%

    Quarterly resultsDomino's · DPZQ3 fiscal 2026

    Revenue grew 3.4% to $1.19 billion, mostly from supply chain sales and royalties from new stores. Net income rose 9.2% to $152 million, while U.S. same store sales grew 0.3%.

    Revenue
    $1.19B 3.4%
    Net income
    $152M 9.2%
    Diluted EPS
    $4.60 12.7%

  16. Delta's revenue rose 21% to $20.2 billion as net income fell 47% on fuel and investments

    Quarterly resultsDelta Air Lines · DALQ3 fiscal 2026

    Revenue rose 21.1% to $20.2 billion on higher fares and refinery sales. Fuel costs rose $1.8 billion and investments swung to a loss, so net income fell 46.6% to $756 million.

    Revenue
    $20.2B 21.1%
    Operating margin
    7.2% 2.9 pts
    Net income
    $756M 46.6%

  17. Mortgage rates hit 7.40%, a short seller hit Lennar, and Berkshire bought $192.6 million more

    Week in reviewHousingOctober 5–9, 2026

    As mortgage rates reached 7.40%, Hunterbrook said Lennar sold hundreds of homes to its spinoff Millrose, and Berkshire disclosed $192.6 million more of Lennar stock.

  18. Costco's net income rose 13.9% to $9.2 billion as revenue grew 10.1%

    Company resultsCostco · COSTFiscal 2026

    Revenue grew 10.1% to $303.2 billion and net income rose 13.9% to $9.2 billion. Free cash flow reached $9.4 billion, and cash net of debt rose to $15.1 billion.

    Revenue
    $303.2B 10.1%
    Net income
    $9.2B 13.9%
    Free cash flow
    $9.4B 19.7%

  19. A $2 trillion price tag, a model too risky to ship and insiders cashing out: is AI a bubble?

    Week in reviewArtificial intelligenceSeptember 28 – October 2, 2026

    Anthropic's leaked prospectus, OpenAI's shelved model and Cerebras' slide below its IPO price made the case for and against an AI bubble in a single week. The filings show where the money is going.

  20. Nvidia revenue rises 65.5% to $215.9 billion as gross margin slips to 71.1%

    Company resultsNvidia · NVDAFiscal 2026

    Revenue grew 65.5% to $215.9 billion, led by Data Center sales of $193.7 billion. Gross margin fell 3.9 points to 71.1%, partly because of a $4.5 billion charge on H20 chips for China.

    Revenue
    $215.9B 65.5%
    Gross margin
    71.1% 3.9 pts
    Free cash flow
    $96.7B 58.9%

  21. Record profit at Microsoft, as data-center spending cuts free cash flow

    Company resultsMicrosoft · MSFTFiscal 2026

    Revenue grew 17.8% to $331.8 billion and operating margin hit 46.8%. Capital spending rose 80% to $115.9 billion, so free cash flow fell for a second year.

    Revenue
    $331.8B 17.8%
    Operating margin
    46.8% 1.2 pts
    Free cash flow
    $67.0B 6.5%