Phillips 66 (PSX) Earnings History
Annual and quarterly earnings data from 2009 to 2025
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PSX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PSX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 4.9% | 2.7% | 3.3% |
| 2024 | 3.4% | 1.6% | 1.5% |
| 2023 | 7.7% | 5.6% | 4.8% |
| 2022 | 7.5% | 5.9% | 6.5% |
| 2021 | 3.0% | 1.1% | 1.2% |
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Phillips 66 (PSX) Earnings Overview
As of May 8, 2026, Phillips 66 (PSX) reported trailing twelve-month net income of $4.12B, reflecting +116.2% year-over-year growth. The company earned $10.22 per diluted share over the past four quarters, with a net profit margin of 3.3%.
Looking at the long-term picture, PSX's historical earnings data spans multiple years. The company achieved its highest annual net income of $11.02B in fiscal 2022.
Phillips 66 maintains positive profitability with a gross margin of 4.9%, operating margin of 2.7%, and net margin of 3.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including VLO ($4.21B net income, 1.9% margin), MPC ($4.63B net income, 3.0% margin), PBF (-$159M net income, -0.5% margin), PSX has outperformed on profitability metrics. Compare PSX vs VLO →
PSX Earnings vs Peers
Earnings metrics vs comparable public companies
PSX Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.40B | +108.0% | $3.52B | $10.79 | 3.3% | 2.7% |
| 2024 | $2.12B | -69.8% | $2.32B | $4.99 | 1.5% | 1.6% |
| 2023 | $7.00B | -36.5% | $8.27B | $15.45 | 4.8% | 5.6% |
| 2022 | $11.02B | +738.3% | $10.07B | $23.27 | 6.5% | 5.9% |
| 2021 | $1.31B | +133.0% | $1.23B | $2.97 | 1.2% | 1.1% |
| 2020 | -$3.98B | -229.5% | -$1.83B | $-9.06 | -6.3% | -2.9% |
| 2019 | $3.08B | -45.0% | $3.23B | $6.77 | 2.9% | 3.0% |
| 2018 | $5.59B | +9.6% | $5.04B | $11.80 | 5.0% | 4.5% |
| 2017 | $5.11B | +228.4% | $2.01B | $9.85 | 5.7% | 2.2% |
| 2016 | $1.55B | -63.2% | $1.53B | $2.92 | 2.2% | 2.1% |
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Start ComparisonPSX — Frequently Asked Questions
Quick answers to the most common questions about buying PSX stock.
Is PSX growing earnings?
PSX EPS is $10.22, with earnings growth accelerating to +116.2%. This exceeds the 5-year CAGR of N/A. TTM net income reached $4.1B.
What are PSX's profit margins?
Phillips 66 net margin is +3.3%, with operating margin at +2.7%. Below-average margins reflect competitive or cost pressures.
How consistent are PSX's earnings?
PSX earnings data spans 2009-2025. The accelerating earnings trend is +116.2% YoY. Historical data enables comparison across business cycles.