Financials in USD. Standardized financial statements.
A compact view of how Commerce Bancshares, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.14B | $2.09B | $1.97B | $1.57B | $1.44B | $1.39B | $1.45B | $1.39B | $1.26B | $1.16B |
| Revenue Growth? | +2.2% | +6.3% | +25.8% | +8.8% | +3.5% | -4.4% | +4.5% | +10.0% | +9.0% | 0.0% |
| Cost of Revenue? | $428.00M | $462.21M | $418.61M | $84.86M | -$53.46M | $179.99M | $153.83M | $108.07M | $88.97M | $69.32M |
| Gross Profit? | $1.71B | $1.63B | $1.55B | $1.48B | $1.49B | $1.21B | $1.30B | $1.28B | $1.17B | $1.09B |
| Gross Margin? | +80.0% | +77.9% | +78.7% | +94.6% | +103.7% | +87.0% | +89.4% | +92.2% | +93.0% | +94.0% |
| Operating Expenses? | $979.83M | $951.23M | $930.98M | $848.78M | $805.90M | $768.38M | $767.40M | $737.82M | $744.34M | $689.23M |
| Operating Income? | $731.84M | $679.49M | $619.73M | $632.38M | $686.30M | $441.18M | $531.79M | $544.16M | $430.41M | $401.00M |
| EBITDA? | $770.03M | $733.57M | $669.24M | $679.23M | $731.17M | $484.95M | $572.93M | $582.84M | $470.14M | $441.93M |
| Income Before Tax | $731.84M | $679.49M | $619.73M | $632.38M | $686.30M | $441.18M | $531.79M | $544.16M | $430.41M | $401.00M |
| Income Tax Expense | $161.14M | $145.09M | $134.55M | $132.36M | $145.71M | $87.29M | $109.07M | $105.95M | $110.51M | $124.15M |
| Net Income? | $566.25M | $526.33M | $477.06M | $488.40M | $530.76M | $354.06M | $421.23M | $433.54M | $319.38M | $275.39M |
| EPS? | $4.08 | $3.88 | $3.47 | $3.50 | $3.73 | $2.39 | $2.81 | $2.83 | $2.06 | $1.77 |
| Diluted EPS? | $4.08 | $3.87 | $3.47 | $3.49 | $3.72 | $2.39 | $2.81 | $2.82 | $2.05 | $1.77 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality