Financials in USD. Standardized financial statements.
A compact view of how Vanguard Total Stock Market Index Fund Admiral Shares turns revenue into operating income and net income.
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $5.90B | $5.83B | $3.15B | $4.00B | $2.56B | $2.14B | $2.13B | $2.46B | $2.75B | $2.63B |
| Revenue Growth? | +1.2% | +85.2% | -21.2% | +56.0% | +20.0% | +0.3% | -13.4% | -10.7% | +4.7% | 0.0% |
| Cost of Revenue? | $402.21M | $325.69M | $217.82M | $234.24M | $213.76M | $172.81M | $164.36M | $2.21B | $2.53B | $2.38B |
| Gross Profit? | $5.50B | $5.51B | $2.93B | $3.76B | $2.35B | $1.96B | $1.96B | $253.12M | $221.25M | $249.72M |
| Gross Margin? | +93.2% | +94.4% | +93.1% | +94.1% | +91.7% | +91.9% | +92.3% | +10.3% | +8.0% | +9.5% |
| Operating Expenses? | $5.38B | $5.35B | $2.91B | $3.70B | $2.23B | $1.86B | $1.89B | $155.88M | $164.41M | $139.90M |
| Operating Income? | $143.07M | $165.88M | $30.60M | $59.48M | $121.74M | $98.60M | $78.43M | $128.13M | $79.23M | $125.52M |
| EBITDA? | $163.51M | $178.61M | $39.82M | $71.62M | $133.96M | $107.29M | $89.64M | $143.59M | $106.73M | $147.40M |
| Income Before Tax | $98.48M | $136.22M | -$712,000 | $37.55M | $105.97M | $82.97M | $55.04M | $82.32M | $41.33M | $87.96M |
| Income Tax Expense | $46.25M | $43.79M | $7.92M | $16.61M | $33.95M | $3.92M | $2.20M | $696,000 | $17.39M | $29.68M |
| Net Income? | $52.40M | $92.43M | -$8.63M | $20.94M | $71.82M | $78.99M | $57.75M | $91.32M | $59.92M | $94.30M |
| EPS? | $3.47 | $6.46 | $-0.60 | $1.46 | $5.02 | $6.28 | $5.77 | $9.13 | $5.99 | $9.43 |
| Diluted EPS? | $3.47 | $6.46 | $-0.60 | $1.46 | $5.02 | $6.28 | $5.77 | $9.13 | $5.99 | $9.43 |
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