Comcast Corporation
Financial Performance
Comcast Revenue & Financials
Revenue
$123.7B (FY2025)
Market Cap
$85B
Employees
179,000
What is Comcast's revenue?
Comcast had $123.7B in revenue for fiscal year 2025, up 0% from 2024.
- Latest revenue
- $123.7B (FY2025)
- Year-over-year
- +0%
- Growth rate (CAGR)
- 4.9% over 9 years
- Peak revenue
- $123.7B (FY2024)
- Years of data
- 10
- Employees
- 179,000
- What is Comcast's operating income?
- Comcast reported operating income of $20.7B for fiscal year 2025. sec.gov
- How many employees does Comcast have?
- Comcast has about 179,000 employees.
Financial Analysis
Comcast's 2025 revenue was $123.7 billion, essentially flat with $123.7 billion in 2024, while net income rose to about $20.0 billion largely because of a $9.4 billion gain on the sale of its Hulu stake. In Q2 2026 revenue fell 1.2% to $29.94 billion because Versant and Sky Germany were no longer consolidated, but pro forma revenue grew 4.7%. Adjusted EBITDA dropped 13.4% to $8.9 billion as Comcast spent more on broadband pricing, NBA rights and the FIFA World Cup. Free cash flow was $4.6 billion for the quarter, and Comcast paused buybacks on June 29, 2026 while it prepares the NBCUniversal-Sky separation. Comcast Corporation is a global media and technology conglomerate with a market valuation generally exceeding $170 billion.
Revenue Trend Analysis
YoY Change
+0%
9-Year CAGR
+4.9%
Peak Year
2024
Trend
Consistent Growth
Comcast Corporation has 10 full fiscal year figures on this page, compounding at +4.9% annually over 9 years. The most recent year saw a 0% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $123.7B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $123.7B | $20.7Bfiling | — | +-0.0% | data.sec.gov |
| FY2024 | $123.7B | $23.3Bfiling | — | +1.8% | data.sec.gov |
| FY2023 | $121.6B | $23.3Bfiling | — | +0.1% | data.sec.gov |
| FY2022 | $121.4B | $14Bfiling | — | +4.3% | data.sec.gov |
| FY2021 | $116.4B | $20.8Bfiling | — | +12.4% | data.sec.gov |
| FY2020 | $103.6B | $17.5Bfiling | — | -4.9% | data.sec.gov |
| FY2019 | $108.9B | $21.1B | $13.1B | +15.3% | Comcast Corporation annual report (Form 10-K, SEC EDGAR, filed 2022-02-02) Fiscal year ended 2019-12-31. |
| FY2018 | $94.5B | $19B | $11.7B | +11.1% | Comcast Corporation annual report (Form 10-K, SEC EDGAR, filed 2021-02-04) Fiscal year ended 2018-12-31. |
| FY2017 | $85B | $18B | $22.7B | +5.3% | Comcast Corporation annual report (Form 10-K, SEC EDGAR, filed 2020-01-30) Fiscal year ended 2017-12-31. |
| FY2016 | $80.7B | $16.8B | $8.7B | — | Comcast Corporation annual report (Form 10-K, SEC EDGAR, filed 2019-01-31) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Comcast Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $33.6B | $11.8B | $272.6B | $96.9B | $21.9B | Form 10-K |
| FY2024ended Dec 31, 2024 | $27.7B | $12.2B | $266.2B | $85.6B | $15.5B | Form 10-K |
| FY2023ended Dec 31, 2023 | $28.5B | $12.2B | $264.8B | $82.7B | $16.3B | Form 10-K |
| FY2022ended Dec 31, 2022 | $26.4B | $10.6B | $257.3B | $80.9B | $15.8B | Form 10-K |
| FY2021ended Dec 31, 2021 | $29.1B | $9.2B | $275.9B | $96.1B | $20B | Form 10-K |
| FY2020ended Dec 31, 2020 | $24.7B | $9.2B | $273.9B | $90.3B | $15.6B | Form 10-K |
| FY2019ended Dec 31, 2019 | $25.7B | $10B | $263.4B | $82.7B | $15.7B | Form 10-K |
| FY2018ended Dec 31, 2018 | $24.3B | $9.8B | $251.7B | $71.6B | $14.5B | Form 10-K |
| FY2017ended Dec 31, 2017 | $21.3B | $9.6B | $187.5B | $68.6B | $11.7B | Form 10-K |
| FY2016ended Dec 31, 2016 | $19.7B | $9.1B | $180.5B | $53.9B | $10.6B | Form 10-K |
Keep researching Comcast
Comcast Revenue and Financial FAQ
What are Comcast Corporation's consolidated annual revenue and adjusted EBITDA figures?
Comcast Corporation reported revenue of $123.71 billion for fiscal year 2025, down from $123.73 billion in fiscal 2024.
How much annual free cash flow does Comcast generate?
Comcast generates large and reliable annual free cash flow of approximately $13.0 billion to $15.5 billion, providing the capital necessary to fund multi-gigabit network upgrades, build high-quality theme parks (Epic Universe), service long-term debt, and return billions to shareholders.
What is Comcast's capital return policy regarding dividends and share repurchases?
Comcast returns substantial capital to shareholders through consecutive annual dividend increases (paying over $4.8 billion annually) and multi-billion-dollar share repurchases ($5.0B to $10.0B annually), maintaining an investment-grade credit rating (A-/A3).
How does Comcast's capital expenditure (CapEx) budget break down across divisions?
Comcast invests approximately $12 billion annually in capital expenditures, allocating the largest share to Connectivity & Platforms (DOCSIS 4.0 network upgrades, line extensions, customer premises equipment) and major theme park expansions (including Universal Epic Universe in Orlando).
How does linear video cord-cutting affect Comcast's revenue and operating margins?
While linear pay-TV subscriber losses reduce top-line video revenue, video is Comcast's lowest-margin service due to soaring third-party broadcast retransmission and sports programming fees. As customers drop video, Comcast's revenue mix shifts toward high-margin broadband and mobile, preserving overall EBITDA.
What is Peacock's financial trajectory and path to breakeven?
Peacock's annual revenue surpassed $3.5 billion to $4.0 billion in 2024, with paid subscribers reaching over 34 million. Peak operating losses of nearly $2.7 billion in 2023 narrowed significantly in 2024 as subscriber growth and digital advertising scaled toward operational breakeven.
How large is Comcast's long-term corporate debt load following the Sky acquisition?
Comcast carries approximately $92 billion to $96 billion in consolidated net debt (primarily incurred from its $38.8B acquisition of Sky in 2018), which it actively manages through long-dated maturities and disciplined deleveraging toward a target leverage ratio of 2.2x to 2.4x EBITDA.
What is Comcast Corporation's market capitalization on the NASDAQ?
Comcast Corporation (NASDAQ: CMCSA) trades with a market capitalization generally ranging between $155 billion and $185 billion, representing one of the largest media and telecommunications corporations in the world.
Is Comcast profitable?
Yes, incredibly profitable. Because broadband internet operates as a high-margin utility with extreme barriers to entry, Comcast generates massive, highly predictable free cash flow, which they use to fund massive dividend payouts and stock buybacks.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Comcast Revenue & Financials." CorpDigest, https://corpdigest.com/company/comcast/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Comcast reported $123.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/comcast/financials" target="_blank" rel="noopener">CorpDigest — Comcast financials</a></div>Related Financial Audits
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