Comcast Corporation

CMCSA Communication Services Telecom Services

Comcast Corporation’s revenue for fiscal 2025 (year ended December 2025) was $123.7 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 1.23%, EPS fell 66.8%, free cash flow grew 2.27% and total debt fell 11.0%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.

22.23 0.66 +3.06%
Market cap
$79.1B
P/E
7.2×
Fwd P/E
7.7×
Dividend yield
5.94%
F-score
7/9
Altman Z
1.38
Beneish M
−2.71
Dividend safety
82/100

Comcast Corporation (CMCSA) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Total Residential Connectivity & Platforms Segment 70,704 57.15%
Total Media Segment 27,090 21.90%
Total Studios Segment 11,286 9.12%
Total Business Services Connectivity Segment 10,237 8.28%
Total Theme Parks Segment 9,836 7.95%
Gross margin 36.98%
Operating margin 16.71%
Pre-tax margin 20.83%

Revenue by product or service $m

Line FY2019 FY2018 FY2017 FY2016
Service 108,942 94,507 85,029 80,736
Management Fee 0 0 0 0
Revenue 108,942 94,507 85,029 80,736

Revenue by segment $m

Line FY2025 FY2024 FY2023 FY2022 FY2013 FY2012 FY2010 FY2009
Total Residential Connectivity & Platforms Segment 70,704 71,574 71,946 72,386 — — — —
Total Media Segment 27,090 28,148 25,355 26,719 — — — —
Total Studios Segment 11,286 11,092 11,625 12,257 — — — —
Total Business Services Connectivity Segment 10,237 9,701 9,255 8,819 — — — —
Total Theme Parks Segment 9,836 8,617 8,947 7,541 — — — —
Cable Communications Segments — — — — 41,836 39,604 35,363 33,544
Cable Networks — — — — 9,201 8,727 2,719 2,415
Broadcast Television — — — — 7,120 8,200 — —
Filmed Entertainment — — — — 5,452 5,159 — —
Theme Parks — — — — 2,235 2,085 — —
Corporate and Other — — — — 600 498 168 49
Headquarters And Other — — — — 31 43 — —
NBCUniversal Eliminations — — — — (389) (402) — —
Eliminations — — — — (1,429) (1,344) (313) (252)
Parent Company — — — — — — 808 768
CCCL Parent — — — — — — 726 678
Combined CCHMO Parents — — — — — — 452 439
Comcast Holdings — — — — — — 0 0
Elimination and Consolidation Adjustments — — — — — — (1,986) (1,885)
Eliminations (5,446) (5,401) (5,556) (6,295) — — — —
Comcast Non-Guarantor Subsidiaries — — — — — — 37,937 35,756
NBCUniversal Segments — — — — 23,650 23,812 — —
Revenue 123,707 123,731 121,572 121,427 64,657 62,570 37,937 35,756

Operating income by segment $m, and margin

Revenue by region $m

Line FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016
United States 95,143 96,237 94,375 96,441 90,926 80,327 82,952 82,233 77,246 74,212
United Kingdom 15,182 14,194 13,364 13,380 13,999 11,986 12,501 — — —
Other 13,382 13,300 13,833 11,606 11,460 11,251 13,489 4,553 4,593 —
Europe — — — — — — — 7,721 3,190 —
Non-US — — — — — — — — — 6,524
Revenue 123,707 123,731 121,572 121,427 116,385 103,564 108,942 94,507 85,029 80,736

Operating figures as reported in each quarter’s results release or filing

Figure Quarter Latest A year before Change
Business Customers Q4 FY2025 2.5M 2.5M +2.71%
Business Customers net additions Q4 FY2025 −3.0K — —
Business Services Connectivity Customer Relationships Q4 FY2025 2.7M 2.6M +2.89%
Domestic Residential Connectivity & Platforms Customer Relationships Q3 FY2026 30.0M 30.6M −1.96%
Domestic Residential Connectivity & Platforms Customer Relationships net additions Q3 FY2026 −139.0K −103.0K −34.95%
Domestic wireless customer line net additions Q3 FY2026 368.0K 414.0K −11.11%
Domestic wireless penetration of domestic residential broadband customers Q3 FY2026 18.0% 14.0% —
International Residential Connectivity & Platforms Customer Relationships Q3 FY2026 17.7M 17.6M +0.62%
International Residential Connectivity & Platforms Customer Relationships net additions Q3 FY2026 173.0K −95.0K +282.11%
Peacock paid subscriber net additions Q2 FY2026 2.0M — —
Peacock paid subscribers Q3 FY2026 48.0M — —
Residential Customers Q2 FY2026 28.5M 29.0M −1.74%
Residential Customers net additions Q2 FY2026 −167.0K −201.0K +16.92%
Total Connectivity & Platforms Customer Relationships net additions Q2 FY2026 −230.0K −349.0K +34.10%
Total domestic broadband customer net additions Q4 FY2025 −181.0K −139.0K −30.22%
Total Domestic Broadband Customers Q3 FY2026 28.3M 31.4M −9.84%
Total domestic video customer net additions Q2 FY2026 −280.0K −325.0K +13.85%
Total Domestic Video Customers Q3 FY2026 10.4M 11.5M −9.74%
Total Domestic Wireless Lines Q3 FY2026 10.6M 8.9M +18.05%
Total Residential Connectivity & Platforms Customer Relationships Q3 FY2026 47.8M 50.9M −6.27%

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.