Income Statement - Merchants Bancorp (MBIN)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,365.24 | 1,447.07 | 1,189.06 | 602.07 | 461.56 | 401.18 | 254.55 | 185.53 | 137.97 | 97.19 | 80.62 |
| Cost of revenue | 801.55 | 804.38 | 669.96 | 179.58 | 38.90 | 70.48 | 93.64 | 55.22 | 30.26 | 19.93 | 15.25 |
| Gross profit | 563.69 | 642.69 | 519.10 | 422.49 | 422.66 | 330.70 | 160.91 | 130.31 | 107.71 | 77.26 | 65.37 |
| Total operating expenses | 299.89 | 220.05 | 171.19 | 131.35 | 117.73 | 87.34 | 58.78 | 46.28 | 30.55 | 22.47 | 18.19 |
| Operating income | 263.80 | 422.64 | 347.91 | 291.14 | 304.93 | 243.36 | 102.13 | 84.03 | 77.16 | 54.80 | 47.18 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 263.80 | 422.64 | 347.91 | 291.14 | 304.93 | 243.36 | 102.13 | 84.03 | 77.16 | 54.80 | 47.18 |
| Income tax expense | 45.03 | 102.26 | 68.67 | 71.42 | 77.83 | 62.82 | 24.81 | 21.15 | 22.48 | 21.67 | 18.80 |
| Net income | 218.77 | 320.39 | 279.23 | 219.72 | 227.10 | 180.53 | 77.33 | 62.87 | 54.68 | 33.13 | 28.38 |
Show Quarterly Income Statement
Income Statement - Merchants Bancorp (MBIN)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 317.11 | 354.67 | 343.53 | 353.74 | 310.10 | 379.79 | 354.56 | 358.63 | 354.09 | 345.55 | 331.71 | 287.04 | 224.75 | 203.34 | 162.07 | 127.26 | 109.40 | 121.38 | 115.85 | 103.37 | 120.96 | 117.70 | 111.97 | 92.35 | 79.16 | 85.50 | 69.37 | 57.29 | 42.40 | 53.45 | 48.23 | 44.45 | 39.40 | 40.79 | 32.94 | 38.02 | 26.21 | 26.44 | 30.29 | 18.99 | 14.30 | 68.10 |
| Cost of revenue | 157.16 | 197.14 | 202.96 | 228.71 | 172.74 | 189.41 | 213.01 | 210.12 | 191.84 | 194.18 | 183.25 | 175.06 | 117.47 | 92.44 | 50.95 | 23.45 | 12.74 | 12.43 | 9.51 | 7.72 | 9.25 | 12.79 | 13.92 | 18.72 | 25.06 | 28.17 | 28.33 | 20.94 | 16.19 | 17.26 | 14.71 | 12.92 | 10.34 | 9.36 | 8.21 | 6.98 | 5.72 | 5.75 | 5.10 | 9.08 | 15.25 | |
| Gross profit | 159.95 | 157.53 | 140.57 | 125.03 | 137.36 | 190.38 | 141.55 | 148.51 | 162.25 | 151.37 | 148.45 | 111.99 | 107.29 | 110.90 | 111.12 | 103.81 | 96.66 | 108.95 | 106.34 | 95.66 | 111.71 | 104.91 | 98.05 | 73.64 | 54.09 | 57.32 | 41.04 | 36.34 | 26.21 | 36.19 | 33.52 | 31.54 | 29.06 | 31.43 | 24.74 | 31.04 | 20.50 | 20.69 | 25.19 | 18.99 | 14.30 | 68.10 |
| Total operating expenses | 75.64 | 83.64 | 75.99 | 76.20 | 60.87 | 62.50 | 60.20 | 49.39 | 47.96 | 51.92 | 41.89 | 43.41 | 33.97 | 36.03 | 33.73 | 31.77 | 29.82 | 36.17 | 27.74 | 26.26 | 27.56 | 24.53 | 23.44 | 18.24 | 21.13 | 17.83 | 14.27 | 14.58 | 12.10 | 15.07 | 11.20 | 10.70 | 9.31 | 9.78 | 7.82 | 7.19 | 5.76 | 6.21 | 6.00 | 4.09 | 5.79 | 19.85 |
| Operating income | 84.31 | 73.88 | 64.58 | 48.84 | 76.50 | 127.88 | 81.35 | 99.13 | 114.29 | 99.45 | 106.56 | 68.58 | 73.32 | 74.88 | 77.40 | 72.03 | 66.84 | 72.78 | 78.60 | 69.39 | 84.15 | 80.38 | 74.61 | 55.40 | 32.96 | 39.50 | 26.76 | 21.77 | 14.11 | 21.12 | 22.32 | 20.84 | 19.75 | 21.66 | 16.91 | 23.85 | 14.74 | 14.48 | 19.19 | 14.90 | 10.29 | 54.59 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.29 | -1.77 | -7.41 |
| Income before tax | 84.31 | 73.88 | 64.58 | 48.84 | 76.50 | 127.88 | 81.35 | 99.13 | 114.29 | 99.45 | 106.56 | 68.58 | 73.32 | 74.88 | 77.40 | 72.03 | 66.84 | 72.78 | 78.60 | 69.39 | 84.15 | 80.38 | 74.61 | 55.40 | 32.96 | 39.50 | 26.76 | 21.77 | 14.11 | 21.12 | 22.32 | 20.84 | 19.75 | 21.66 | 16.91 | 23.85 | 14.74 | 14.48 | 19.19 | 12.61 | 8.52 | 47.18 |
| Income tax expense | 16.57 | 6.04 | 9.88 | 10.85 | 18.26 | 32.21 | 20.07 | 22.73 | 27.24 | 21.98 | 25.06 | 3.27 | 18.36 | 17.72 | 18.91 | 18.10 | 16.70 | 17.58 | 20.10 | 17.98 | 22.17 | 20.60 | 19.61 | 14.23 | 8.38 | 9.43 | 6.50 | 5.33 | 3.54 | 5.70 | 5.58 | 5.19 | 4.68 | 1.33 | 6.45 | 9.09 | 5.61 | 5.73 | 7.59 | 4.99 | 3.37 | 18.80 |
| Net income | 67.73 | 67.85 | 54.70 | 37.98 | 58.24 | 95.67 | 61.27 | 76.39 | 87.05 | 77.47 | 81.50 | 65.30 | 54.96 | 57.16 | 58.49 | 53.94 | 50.14 | 55.20 | 58.50 | 51.42 | 61.98 | 59.79 | 55.00 | 41.16 | 24.58 | 30.06 | 20.26 | 16.44 | 10.57 | 15.42 | 16.74 | 15.65 | 15.06 | 20.33 | 10.47 | 14.76 | 9.13 | 8.75 | 11.60 | 7.42 | 4.94 | 28.38 |