What is an income statement waterfall?

An income statement waterfall is a bar chart that walks from total revenue down to net income, with each step showing how much a cost or tax line removes (or adds). Subtotals — gross profit, operating income, pre-tax income — are anchored to zero so the cascade reconciles exactly to the bottom line.

How much of Atlantic Union Bankshares (AUB) revenue becomes net income?

For TTM through Q2 2026, Atlantic Union Bankshares turned $2.09B of revenue into $487M of net income — a net margin of 23.3%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Atlantic Union Bankshares (AUB) gross, operating, and net margins?

For TTM through Q2 2026, Atlantic Union Bankshares reported a gross margin of 67.5%, an operating margin of 29.6%, and a net margin of 23.3%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Atlantic Union Bankshares (AUB) have such a high (or low) gross margin?

Gross margin (gross profit ÷ revenue) reflects how much of each revenue dollar remains after direct production costs. Capital-light software and platform businesses often show gross margins above 60–80% because their cost of revenue is mainly hosting and support. Hardware, retail, and commodity businesses show lower gross margins because raw materials and manufacturing costs are significant. The waterfall makes this visible at a glance — the size of the "Cost of Revenue" bar relative to Revenue is the gross margin complement.

What is the difference between gross, operating, and net margin?

Gross margin = (Revenue − Cost of Revenue) ÷ Revenue. It measures production efficiency. Operating margin = Operating Income ÷ Revenue. It adds operating expenses (R&D, S&M, G&A) and measures the profitability of core operations. Net margin = Net Income ÷ Revenue. It also includes interest, other income/expense, and taxes, and represents the shareholder take after everything.

Atlantic Union Bankshares (AUB) Income Statement Waterfall

Revenue

$2.09B

Gross Margin

+67.5%

Operating Margin

+29.6%

Net Margin

+23.3%

Income statement waterfall for Atlantic Union Bankshares (AUB) — TTM through Q2 2026

Net income: $487M

Margin breakdown for Atlantic Union Bankshares (AUB) — TTM through Q2 2026

Line item	Amount	Running total
Revenue	$2.09B	$2.09B
Cost of Revenue	-$680M	$1.41B
Gross Profit	$1.41B	$1.41B
Operating Expenses	-$794M	$619M
Operating Income	$619M	$619M
Other Income / Expense	-$2.21M	$617M
Pre-tax Income	$617M	$617M
Income Tax	-$130M	$487M
Net Income	$487M	$487M

Revenue$2.09B
Cost of Revenue-$680M
Gross Profit$1.41B
Operating Expenses-$794M
Operating Income$619M
Other Income / Expense-$2.21M
Pre-tax Income$617M
Income Tax-$130M
Net Income$487M

Want to see what changed vs last year?Profit Bridge

Frequently asked questions

Data & methodology

Atlantic Union Bankshares (AUB) Key Financials

Charts, filings, and peer comparison for every metric

Income Statement

Balance Sheet

Profitability

Cash Flow

Capital Return

Forecast & Valuation

Operations

Employees3.1K

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

AUB Overview

Counters