How does Comcast (CMCSA) make money?

Comcast (CMCSA) generates revenue primarily from Residential Connectivity And Platforms Segment, which accounted for 55.1% of total revenue in TTM through Q1 2026. The company reported $125.28B in revenue and converted 15% of it into net profit, equivalent to roughly $18.80B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Comcast (CMCSA)?

Comcast (CMCSA) reported a gross profit margin of 70.1% in TTM through Q1 2026, equivalent to $87.86B in gross profit on $125.28B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Comcast (CMCSA)?

Comcast (CMCSA) reported an operating profit margin of 15.3% in TTM through Q1 2026, equivalent to $19.15B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Comcast (CMCSA)?

Comcast (CMCSA) reported a net profit margin of 15% in TTM through Q1 2026, equivalent to $18.80B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Comcast (CMCSA) profitable?

Yes. Comcast (CMCSA) reported $18.80B in net income for TTM through Q1 2026, with a net profit margin of 15%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Comcast (CMCSA) spend on capital expenditures?

Comcast (CMCSA) spent $11.85B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 9.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Comcast (CMCSA) generate?

Comcast (CMCSA) generated $20.39B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 16.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Comcast (CMCSA)?

Comcast (CMCSA) had an effective tax rate of 23.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Comcast (CMCSA)?

Comcast (CMCSA) reports revenue across 6 reportable product segments, led by Residential Connectivity And Platforms Segment at 52.4% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Comcast Makes Money: 2026 Visual Revenue Map

Comcast (CMCSA) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 23, 2026).

Comcast discloses geographic revenue only in annual filings. to view the full breakdown.

Comcast (CMCSA) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Comcast (CMCSA) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Residential Connectivity And Platforms Segment	$65.69B	52.4%
Media Segment	$26.07B	20.8%
Studios Segment	$11.09B	8.9%
Business Services Connectivity Segment	$9.69B	7.7%
Theme Parks	$9.60B	7.7%
Corporate and Other	$3.13B	2.5%
Total	$125.28B	100%

Residential Connectivity And Platforms Segment$65.69B
Media Segment$26.07B
Studios Segment$11.09B
Business Services Connectivity Segment$9.69B
Theme Parks$9.60B
Corporate and Other$3.13B
Total$125.28B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Comcast (CMCSA) reports revenue across 6 operating segments; the largest segment was Residential Connectivity And Platforms Segment at 52.4%, followed by Media Segment (20.8%) and Studios Segment (8.9%).

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