Calcbench

YoY Revenue  +10.9% YoY net income  +34.0% YoY cost of Revenue  +9.1% We revved up the Calcbench Earnings Tracker this weekend for our first analysis of Q1 2026 earnings data. So far, among the large companies that dominate the beginning of earnings season, the overall numbers look solid. Figure 1, below, tells the tale. With roughly data from roughly 800 firms, revenue is up 10.9 percent from the year-ago period, operating income up 20.6 percent, and net income up 34 percent. Can’t complain about performance like that. Then again, notice the cost of revenue: up 9.7 percent. Notice operating expenses, up 9.8 percent. Notice SG&A expenses, up 8.1 percent.  Altogether, that suggests that costs are rising swiftly for large companies. If they want to keep operating margins high, they’ll need to raise prices, cut costs (which usually means layoffs), or both.  Meanwhile, we also have capex spending up 35 percent from the year-earlier period, ...

"When people see the [Calcbench] platform in action, natural curiosity kicks in, and they want to try it for themselves." We are delighted to share our recent interview with Tee Duncan, Partner, Grant Thornton, about how he and his team use Calcbench day-to-day. Duncan oversees audit quality and complex audit matters across several offices. His career began at Arthur Andersen, and has spanned quality management, audit standards, tools & training, and innovation across U.S. and international geographies. A longtime Calcbench user, Duncan was among the first at Grant Thornton to adopt the platform and has played a pivotal role in its adoption across the firm. Q: How did you first discover Calcbench?   A:  Around 10 years ago, I was introduced to Calcbench through our innovation team. At the time, there weren’t many users who had adopted Calcbench. I started experimenting with the platform and found two main use cases for it: (1) quickly getting up to speed on an engageme...

All six major U.S. airlines have now filed their first-quarter earnings releases, and to exactly zero surprise, all six reported sharply higher fuel costs that pummeled their operating costs. Casual observers of the industry might wonder, “OK, that stinks; but don’t these guys offset price spikes through hedging instruments?” Users of Calcbench, however, will already know the answer: no, they don’t , and the airlines are likely to suffer with painfully high fuel costs for quite some time. Figure 1 maps out the average cost per gallon for the six largest U.S. airlines for the last nine quarters. Figure 2 shows total fuel expense as a percentage of total operating revenue. The spikes we see for Q1 2026 in both charts are no surprise; average cost of jet fuel per gallon has more than doubled since war began. Figure 2, however, shows us that some firms are feeling that price pressure much more than others. JetBlue ($JBLU) and Alaska Air ($ALK), for exampl...

As of April 27, 2026 Of the 544 firms that have so far reported calendar Q1 2026 GAAP net income (and that also reported in Q1 2025), aggregate net income grew 16.2% year-over-year — from $179.3 billion to $208.4 billion. That’s a $29.1 billion increase (note: Unlike our weekly metric recap, this does include financial services firms). Ten companies account for all of it. The top ten contributors to the year-over-year change in net income added a combined $29.2 billion — slightly more than the entire $29.1 billion delta. That means the other 534 companies, taken as a group, contributed essentially nothing on net. The Top Ten Contributors Company Q1 2026 vs. Q1 2025 Δ Micron Technology $12,202,000,000 GE Vernova $4,486,000,000 Netflix $2,392,440,000 ...

Keurig Dr. Pepper ($KDP) filed its first-quarter earnings statement on Thursday morning, and to our delight, the filing gives us another chance to talk about one of our favorite financial reporting issues here at Calcbench. Restructuring charges! Let’s whip through the headline numbers first. Revenue was up 9.4 percent from the year-earlier period, which is good. Net income was down 47.8 percent, which is not good; but that decline was largely due to one-time costs related to the company’s recent acquisition of JDE Peet’s and to higher interest expenses.  Then we started digging into the footnote disclosures, which one can easily do on Calcbench by using our Disclosures & Footnotes Query page. We came to the restructuring footnote, and noticed that Keurig Dr. Pepper had reported $23 million in restructuring costs this quarter for something called the Networking Optimization program, first announced in March 2024.  That program is supposed to improve Keurig’s efficiency ...