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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 | $44.48B | $32.38B | $30.37B | $32.17B | $29.89B | $30.26B | $30.76B | $32.88B |
| Cost of revenue | $38.28B | $30.33B | $28.47B | $30.40B | $27.85B | $29.75B | $30.13B | $32.12B |
| Gross profit | $6.19B | $2.05B | $1.90B | $1.77B | $2.04B | $507.00M | $629.00M | $754.00M |
| Gross margin | 13.9% | 6.3% | 6.3% | 5.5% | 6.8% | 1.7% | 2.0% | 2.3% |
| Selling, general and administrative | $233.00M | $285.00M | $315.00M | $246.00M | $220.00M | $261.00M | $266.00M | $234.00M |
| Operating expenses | $996.00M | $321.00M | $329.00M | $263.00M | $1.04B | $1.41B | $281.00M | $247.00M |
| Operating income | $5.20B | $1.73B | $1.58B | $1.51B | $997.00M | −$900.00M | $348.00M | $507.00M |
| Operating margin | 11.7% | 5.3% | 5.2% | 4.7% | 3.3% | -3.0% | 1.1% | 1.5% |
| EBITDA | $5.93B | $2.57B | $2.39B | $2.35B | $1.81B | $922.00M | $1.05B | $1.19B |
| Interest expense | −$145.00M | −$140.00M | −$139.00M | −$139.00M | −$141.00M | −$137.00M | −$135.00M | −$141.00M |
| Income before taxes | $5.17B | $1.72B | $1.52B | $1.46B | $942.00M | −$917.00M | $323.00M | $489.00M |
| Income taxes | $1.09B | $401.00M | $355.00M | $390.00M | $279.00M | −$265.00M | −$34.00M | $96.00M |
| Net income | $4.07B | $1.32B | $1.17B | $1.07B | $663.00M | −$652.00M | $357.00M | $393.00M |
| Net margin | 9.2% | 4.1% | 3.8% | 3.3% | 2.2% | -2.2% | 1.2% | 1.2% |
| EPS, basic | $12.62 | $4.22 | $3.75 | $3.54 | $2.28 | −$1.90 | $0.89 | $1.14 |
| EPS, diluted | $12.62 | $4.22 | $3.75 | $3.53 | $2.28 | −$1.90 | $0.89 | $1.14 |
| Diluted shares | 294.00M | 298.00M | 301.00M | 309.00M | 312.00M | 314.00M | 315.00M | 318.00M |
Figures describe Valero Energy shares, not any token. As of Jul 30, 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.