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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 | $4.44B | $4.09B | $4.06B | $4.15B | $4.26B | $4.56B | $4.41B | $3.85B |
| Cost of revenue | $2.30B | $2.39B | $2.31B | $2.51B | $2.44B | $3.26B | $2.92B | $2.37B |
| Gross profit | $2.14B | $1.70B | $1.75B | $1.64B | $1.82B | $1.30B | $1.48B | $1.49B |
| Gross margin | 48.2% | 41.5% | 43.1% | 39.6% | 42.8% | 28.6% | 33.7% | 38.6% |
| Selling, general and administrative | $108.10M | $107.80M | $111.70M | $104.80M | $95.00M | $94.50M | $97.50M | $102.60M |
| Operating expenses | $903.60M | $853.30M | $860.80M | $807.90M | $790.50M | $760.40M | $782.60M | $758.60M |
| Operating income | $1.23B | $846.90M | $887.10M | $836.90M | $1.03B | $543.30M | $700.10M | $728.20M |
| Operating margin | 27.8% | 20.7% | 21.9% | 20.2% | 24.3% | 11.9% | 15.9% | 18.9% |
| EBITDA | $1.69B | $1.27B | $1.28B | $1.22B | $1.41B | $910.90M | $1.08B | $1.08B |
| Interest income | $0 | $0 | −$216.00M | −$221.30M | $0 | $0 | −$177.70M | −$184.90M |
| Interest expense | −$236.60M | −$227.60M | $0 | — | −$218.40M | −$197.10M | $0 | — |
| Income before taxes | $1.00B | $611.30M | $692.20M | $620.90M | $821.30M | $352.00M | $524.40M | $545.10M |
| Income taxes | $227.20M | $123.90M | $139.10M | $134.30M | $184.10M | $72.20M | $110.40M | $97.00M |
| Net income | $777.70M | $487.40M | $553.10M | $486.60M | $637.20M | $279.80M | $414.00M | $448.10M |
| Net margin | 17.5% | 11.9% | 13.6% | 11.7% | 15.0% | 6.1% | 9.4% | 11.6% |
| EPS, basic | $3.54 | $2.22 | $2.52 | $2.21 | $2.88 | $0.91 | $1.45 | $1.76 |
| EPS, diluted | $3.54 | $2.21 | $2.51 | $2.20 | $2.87 | $0.91 | $1.44 | $1.75 |
| Diluted shares | 215.20M | 215.50M | 215.60M | 216.00M | 217.30M | 218.70M | 219.60M | 220.00M |
Figures describe Targa Resources shares, not any token. As of Aug 6, 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.