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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.36B | $3.23B | $3.33B | $3.43B | $3.29B | $3.17B | $3.36B | $3.39B |
| Cost of revenue | $828.00M | $784.00M | $858.00M | $919.00M | $896.00M | $865.00M | $979.00M | $1.06B |
| Gross profit | $2.53B | $2.44B | $2.48B | $2.51B | $2.40B | $2.31B | $2.39B | $2.33B |
| Gross margin | 75.4% | 75.7% | 74.3% | 73.2% | 72.8% | 72.7% | 70.9% | 68.8% |
| Selling, general and administrative | $399.00M | $391.00M | $417.00M | $371.00M | $379.00M | $374.00M | $368.00M | $363.00M |
| Operating expenses | $1.35B | $1.44B | $1.38B | $1.36B | $1.34B | $1.42B | $1.36B | $1.30B |
| Operating income | $1.06B | $863.00M | $971.00M | $1.03B | $935.00M | $761.00M | $882.00M | $909.00M |
| Operating margin | 31.6% | 26.8% | 29.1% | 29.9% | 28.4% | 24.0% | 26.2% | 26.8% |
| EBITDA | $1.06B | $863.00M | $971.00M | $1.03B | $935.00M | $761.00M | $882.00M | $909.00M |
| Income before taxes | $1.06B | $863.00M | $971.00M | $1.03B | $935.00M | $761.00M | $882.00M | $909.00M |
| Income taxes | $245.00M | $199.00M | $212.00M | $233.00M | $219.00M | $177.00M | $201.00M | $188.00M |
| Net income | $818.00M | $664.00M | $759.00M | $792.00M | $716.00M | $584.00M | $681.00M | $721.00M |
| Net margin | 24.3% | 20.6% | 22.8% | 23.1% | 21.7% | 18.4% | 20.2% | 21.3% |
| EPS, basic | $5.35 | $4.16 | $4.71 | $4.85 | $4.26 | $3.33 | $3.88 | $4.04 |
| EPS, diluted | $5.32 | $4.13 | $4.68 | $4.82 | $4.24 | $3.32 | $3.86 | $4.02 |
| Diluted shares | 146.76M | 150.11M | 153.56M | 156.55M | 160.01M | 165.05M | 166.97M | 167.57M |
Figures describe M&T Bank shares, not any token. As of Aug 4, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.