What was Valero Energy's net income in 2025?

In fiscal year 2025, which ended on 31 December 2025, Valero Energy's net income was 2.35B USD, down 15.2% on the year before.

What was Valero Energy's net income in 2024?

In fiscal year 2024, which ended on 31 December 2024, Valero Energy's net income was 2.77B USD, down 68.6% on the year before.

What is Valero Energy's profit margin?

Valero Energy's net profit margin over the last twelve months was 8.4%, and 1.9% in fiscal year 2025: it kept about 8 cents of every dollar of revenue as profit.

How much has Valero Energy's net income grown over 10 years?

Valero Energy's net income fell from 3.99B USD in fiscal year 2015 to 2.35B USD in fiscal year 2025: 5.2% a year on average.

What was Valero Energy's highest annual net income?

Valero Energy's highest annual net income was 11.53B USD, in fiscal year 2022 (records from fiscal year 1985).

Valero Energy
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VLO

Arincen ScoreBeta79/100

79/100B

370.24

USD

-5.30

(-1.41%)

Market Open

Last updated: 13 Nov, 10:10 GMT-5 · Delayed 15 min

Fair valueNot reliable

Q4 FY2026 · Earnings report

EPS estimate 19.32Revenue estimate 41.29B

Q4 FY2026 · Earnings report

Thursday 28 January

EPS estimate 19.32Revenue estimate 41.29B

Fair valueNot reliable

Q4 FY2026 · Earnings report

EPS estimate 19.32Revenue estimate 41.29B

Q4 FY2026 · Earnings report

Thursday 28 January

EPS estimate 19.32Revenue estimate 41.29B

Overview Financials Forecast Earnings Dividends Company

Valero Energy net income 1985–2026What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Valero Energy earned 6.83B USD in Q3 FY2026, the three months to 30 September 2026, up 523.6% on the same quarter a year before. Valero Energy's net income over the last twelve months was 12.95B USD, up 765.9% on the twelve months before. In fiscal year 2025 it earned 2.35B USD, down 15.2% on the year before.

Last updated 8 Nov 2026 · Next report 28 Jan 2027

Net income

Net income · -5.2% a year over 10 yearsNet margin

Growth

Fiscal year	Period ending	Net income	Growth	Net margin	Revenue
TTM	30 Sept 2026	12.95B	+765.89%	8.44%	153.33B
FY2025	31 Dec 2025	2.35B	-15.23%	1.91%	122.69B
FY2024	31 Dec 2024	2.77B	-68.65%	2.13%	129.88B
FY2023	31 Dec 2023	8.84B	-23.36%	6.10%	144.77B
FY2022	31 Dec 2022	11.53B	+1,139.57%	6.54%	176.38B
FY2021	31 Dec 2021	930.00M	—	0.82%	113.98B
FY2020	31 Dec 2020	-1.43B	-158.88%	-2.20%	64.91B
FY2019	31 Dec 2019	2.42B	-22.42%	2.24%	108.32B
FY2018	31 Dec 2018	3.12B	-23.20%	2.67%	117.03B
FY2017	31 Dec 2017	4.07B	+77.59%	4.33%	93.98B
FY2016	31 Dec 2016	2.29B	-42.63%	3.03%	75.66B
FY2015	31 Dec 2015	3.99B	+9.92%	4.54%	87.80B
FY2014	31 Dec 2014	3.63B	+33.46%	2.77%	130.84B
FY2013	31 Dec 2013	2.72B	+30.58%	1.97%	138.07B
FY2012	31 Dec 2012	2.08B	-0.33%	1.50%	139.25B
FY2011	31 Dec 2011	2.09B	+545.06%	1.66%	125.99B
FY2010	31 Dec 2010	324.00M	—	0.39%	82.23B
FY2009	31 Dec 2009	-1.98B	—	-2.91%	68.14B
FY2008	31 Dec 2008	-1.13B	-121.61%	-0.95%	119.11B
FY2007	31 Dec 2007	5.23B	-4.18%	5.49%	95.33B
FY2006	31 Dec 2006	5.46B	+52.18%	5.95%	91.83B
FY2005	31 Dec 2005	3.59B	+99.06%	4.37%	82.16B
FY2004	31 Dec 2004	1.80B	+190.12%	3.30%	54.62B
FY2003	31 Dec 2003	621.50M	+579.23%	1.64%	37.97B
FY2002	31 Dec 2002	91.50M	-83.76%	0.34%	26.98B
FY2001	31 Dec 2001	563.55M	+66.18%	3.76%	14.99B
FY2000	31 Dec 2000	339.12M	+2,271.47%	2.31%	14.67B
FY1999	31 Dec 1999	14.30M	—	0.18%	7.96B
FY1998	31 Dec 1998	-47.30M	-149.22%	-0.85%	5.54B
FY1997	31 Dec 1997	96.10M	+32.19%	1.67%	5.76B
FY1996	31 Dec 1996	72.70M	+21.57%	1.46%	4.99B
FY1995	31 Dec 1995	59.80M	+122.30%	1.98%	3.02B
FY1994	31 Dec 1994	26.90M	-26.10%	1.46%	1.84B
FY1993	31 Dec 1993	36.40M	-56.62%	2.98%	1.22B
FY1992	31 Dec 1992	83.90M	-14.99%	6.80%	1.23B
FY1991	31 Dec 1991	98.70M	+4.22%	9.75%	1.01B
FY1990	31 Dec 1990	94.70M	+128.19%	8.10%	1.17B
FY1989	31 Dec 1989	41.50M	+35.62%	4.41%	941.30M
FY1988	31 Dec 1988	30.60M	+73.86%	3.97%	770.60M
FY1987	31 Dec 1987	17.60M	—	2.80%	628.50M
FY1986	31 Dec 1986	-99.90M	-387.90%	-5.31%	1.88B
FY1985	31 Dec 1985	34.70M	—	1.30%	2.66B

Quarter	Period ending	Net income	Growth on a year before	Net margin	Revenue
Q3 FY2026	30 Sept 2026	6.83B	+523.56%	14.81%	46.10B
Q2 FY2026	30 Jun 2026	3.72B	+421.01%	8.36%	44.48B
Q1 FY2026	31 Mar 2026	1.26B	—	3.90%	32.38B
Q4 FY2025	31 Dec 2025	1.13B	+303.56%	3.73%	30.37B
Q3 FY2025	30 Sept 2025	1.10B	+200.82%	3.40%	32.17B
Q2 FY2025	30 Jun 2025	714.00M	-18.86%	2.39%	29.89B
Q1 FY2025	31 Mar 2025	-595.00M	-147.79%	-1.97%	30.26B
Q4 FY2024	31 Dec 2024	281.00M	-76.62%	0.91%	30.76B
Q3 FY2024	30 Sept 2024	364.00M	-86.12%	1.11%	32.88B
Q2 FY2024	30 Jun 2024	880.00M	-54.73%	2.55%	34.49B
Q1 FY2024	31 Mar 2024	1.25B	-59.41%	3.92%	31.76B
Q4 FY2023	31 Dec 2023	1.20B	-61.39%	3.39%	35.41B
Q3 FY2023	30 Sept 2023	2.62B	-6.92%	6.83%	38.40B
Q2 FY2023	30 Jun 2023	1.94B	-58.58%	5.63%	34.51B
Q1 FY2023	31 Mar 2023	3.07B	+238.90%	8.42%	36.44B
Q4 FY2022	31 Dec 2022	3.11B	+208.52%	7.46%	41.75B
Q3 FY2022	30 Sept 2022	2.82B	+508.42%	6.34%	44.45B
Q2 FY2022	30 Jun 2022	4.69B	+2,796.91%	9.09%	51.64B
Q1 FY2022	31 Mar 2022	905.00M	—	2.35%	38.54B
Q4 FY2021	31 Dec 2021	1.01B	—	2.81%	35.90B
Q3 FY2021	30 Sept 2021	463.00M	—	1.57%	29.52B
Q2 FY2021	30 Jun 2021	162.00M	-87.07%	0.58%	27.75B
Q1 FY2021	31 Mar 2021	-704.00M	—	-3.38%	20.81B
Q4 FY2020	31 Dec 2020	-359.00M	-133.87%	-2.16%	16.60B
Q3 FY2020	30 Sept 2020	-464.00M	-176.19%	-2.94%	15.81B
Q2 FY2020	30 Jun 2020	1.25B	+104.74%	12.05%	10.40B
Q1 FY2020	31 Mar 2020	-1.85B	-1,412.77%	-8.37%	22.10B
Q4 FY2019	31 Dec 2019	1.06B	+11.34%	3.80%	27.88B
Q3 FY2019	30 Sept 2019	609.00M	-28.86%	2.23%	27.25B
Q2 FY2019	30 Jun 2019	612.00M	-27.57%	2.12%	28.93B
Q1 FY2019	31 Mar 2019	141.00M	-69.94%	0.58%	24.26B
Q4 FY2018	31 Dec 2018	952.00M	-59.85%	3.31%	28.73B
Q3 FY2018	30 Sept 2018	856.00M	+1.78%	2.77%	30.85B
Q2 FY2018	30 Jun 2018	845.00M	+54.20%	2.72%	31.02B
Q1 FY2018	31 Mar 2018	469.00M	+53.77%	1.77%	26.44B
Q4 FY2017	31 Dec 2017	2.37B	+546.05%	8.98%	26.39B
Q3 FY2017	30 Sept 2017	841.00M	+37.19%	3.57%	23.56B
Q2 FY2017	30 Jun 2017	548.00M	-32.68%	2.46%	22.25B
Q1 FY2017	31 Mar 2017	305.00M	-38.38%	1.40%	21.77B
Q4 FY2016	31 Dec 2016	367.00M	+23.15%	1.77%	20.71B
Q3 FY2016	30 Sept 2016	613.00M	-55.48%	3.12%	19.65B
Q2 FY2016	30 Jun 2016	814.00M	-39.75%	4.16%	19.58B
Q1 FY2016	31 Mar 2016	495.00M	-48.65%	3.15%	15.71B
Q4 FY2015	31 Dec 2015	298.00M	-74.20%	1.59%	18.78B
Q3 FY2015	30 Sept 2015	1.38B	+30.03%	6.10%	22.58B
Q2 FY2015	30 Jun 2015	1.35B	+129.76%	5.38%	25.12B
Q1 FY2015	31 Mar 2015	964.00M	+16.43%	4.52%	21.33B
Q4 FY2014	31 Dec 2014	1.16B	-10.33%	4.15%	27.86B
Q3 FY2014	30 Sept 2014	1.06B	+239.42%	3.08%	34.41B
Q2 FY2014	30 Jun 2014	588.00M	+26.18%	1.68%	34.91B
Q1 FY2014	31 Mar 2014	828.00M	+26.61%	2.46%	33.66B
Q4 FY2013	31 Dec 2013	1.29B	+27.52%	3.74%	34.43B
Q3 FY2013	30 Sept 2013	312.00M	-53.71%	0.86%	36.14B
Q2 FY2013	30 Jun 2013	466.00M	-43.92%	1.37%	34.03B
Q1 FY2013	31 Mar 2013	654.00M	—	1.95%	33.47B
Q4 FY2012	31 Dec 2012	1.01B	+2,144.44%	2.91%	34.70B
Q3 FY2012	30 Sept 2012	674.00M	-43.97%	1.94%	34.73B
Q2 FY2012	30 Jun 2012	831.00M	+11.69%	2.40%	34.66B
Q1 FY2012	31 Mar 2012	-432.00M	-540.82%	-1.23%	35.17B
Q4 FY2011	31 Dec 2011	45.00M	—	0.13%	34.67B
Q3 FY2011	30 Sept 2011	1.20B	+311.99%	3.57%	33.71B
Q2 FY2011	30 Jun 2011	744.00M	+27.62%	2.38%	31.29B
Q1 FY2011	31 Mar 2011	98.00M	—	0.37%	26.31B
Q4 FY2010	31 Dec 2010	-438.00M	—	-2.35%	18.61B
Q3 FY2010	30 Sept 2010	292.00M	—	1.31%	22.21B
Q2 FY2010	30 Jun 2010	583.00M	—	2.68%	21.78B
Q1 FY2010	31 Mar 2010	-113.00M	-136.57%	-0.58%	19.64B
Q4 FY2009	31 Dec 2009	-1.41B	—	-8.33%	16.91B
Q3 FY2009	30 Sept 2009	-629.00M	-154.60%	-3.23%	19.49B
Q2 FY2009	30 Jun 2009	-254.00M	-134.60%	-1.42%	17.93B
Q1 FY2009	31 Mar 2009	309.00M	+18.39%	2.24%	13.82B
Q4 FY2008	31 Dec 2008	-3.28B	-379.45%	-17.65%	18.57B
Q3 FY2008	30 Sept 2008	1.15B	+7.97%	3.20%	35.96B
Q2 FY2008	30 Jun 2008	734.00M	-64.13%	2.00%	36.64B
Q1 FY2008	31 Mar 2008	261.00M	-72.47%	0.93%	27.95B
Q4 FY2007	31 Dec 2007	1.17B	+5.32%	4.01%	29.28B
Q3 FY2007	30 Sept 2007	1.07B	-33.43%	4.54%	23.49B
Q2 FY2007	30 Jun 2007	2.05B	+7.87%	8.53%	24.00B
Q1 FY2007	31 Mar 2007	948.00M	+11.69%	4.86%	19.50B
Q4 FY2006	31 Dec 2006	1.11B	-17.30%	5.63%	19.79B
Q3 FY2006	30 Sept 2006	1.60B	+85.98%	6.59%	24.32B
Q2 FY2006	30 Jun 2006	1.90B	+124.00%	7.08%	26.78B
Q1 FY2006	31 Mar 2006	848.80M	+59.01%	4.05%	20.94B
Q4 FY2005	31 Dec 2005	1.35B	+176.10%	5.20%	25.89B
Q3 FY2005	30 Sept 2005	861.80M	+98.34%	3.70%	23.28B
Q2 FY2005	30 Jun 2005	846.80M	+33.84%	4.70%	18.03B
Q1 FY2005	31 Mar 2005	533.80M	+115.16%	3.57%	14.95B
Q4 FY2004	31 Dec 2004	487.80M	+270.67%	3.17%	15.39B
Q3 FY2004	30 Sept 2004	434.50M	+127.37%	3.03%	14.34B
Q2 FY2004	30 Jun 2004	632.70M	+392.76%	4.58%	13.81B
Q1 FY2004	31 Mar 2004	248.10M	+45.60%	2.24%	11.08B
Q4 FY2003	31 Dec 2003	131.60M	+47.87%	1.38%	9.51B
Q3 FY2003	30 Sept 2003	191.10M	+541.28%	1.93%	9.92B
Q2 FY2003	30 Jun 2003	128.40M	+1,036.28%	1.45%	8.84B
Q1 FY2003	31 Mar 2003	170.40M	—	1.76%	9.69B
Q4 FY2002	31 Dec 2002	89.00M	+72.50%	1.10%	8.11B
Q3 FY2002	30 Sept 2002	29.80M	-70.50%	0.41%	7.19B
Q2 FY2002	30 Jun 2002	11.30M	-95.89%	0.17%	6.55B
Q1 FY2002	31 Mar 2002	-38.60M	-128.37%	-0.75%	5.12B
Q4 FY2001	31 Dec 2001	51.60M	-44.73%	1.80%	2.86B
Q3 FY2001	30 Sept 2001	101.01M	-20.68%	2.62%	3.86B
Q2 FY2001	30 Jun 2001	274.86M	+213.48%	6.11%	4.50B
Q1 FY2001	31 Mar 2001	136.08M	+342.70%	3.61%	3.77B
Q4 FY2000	31 Dec 2000	93.35M	+465.73%	2.27%	4.12B
Q3 FY2000	30 Sept 2000	127.36M	+463.52%	3.00%	4.25B
Q2 FY2000	30 Jun 2000	87.68M	—	2.60%	3.37B
Q1 FY2000	31 Mar 2000	30.74M	—	1.05%	2.93B
Q4 FY1999	31 Dec 1999	16.50M	—	0.63%	2.64B
Q3 FY1999	30 Sept 1999	22.60M	+425.58%	1.05%	2.16B
Q2 FY1999	30 Jun 1999	-22.10M	-155.25%	-1.21%	1.82B
Q1 FY1999	31 Mar 1999	-2.70M	—	-0.20%	1.34B
Q4 FY1998	31 Dec 1998	-85.70M	-791.13%	-6.16%	1.39B
Q3 FY1998	30 Sept 1998	4.30M	-91.65%	0.32%	1.34B
Q2 FY1998	30 Jun 1998	40.00M	+139.52%	2.76%	1.45B
Q1 FY1998	31 Mar 1998	-5.90M	-138.31%	-0.43%	1.36B
Q4 FY1997	31 Dec 1997	12.40M	-34.04%	0.78%	1.60B
Q3 FY1997	30 Sept 1997	51.50M	+293.13%	2.61%	1.98B
Q2 FY1997	30 Jun 1997	16.70M	-20.10%	1.23%	1.36B
Q1 FY1997	31 Mar 1997	15.40M	-22.61%	1.00%	1.54B
Q4 FY1996	31 Dec 1996	18.80M	+45.74%	1.17%	1.60B
Q3 FY1996	30 Sept 1996	13.10M	-42.04%	1.17%	1.12B
Q2 FY1996	30 Jun 1996	20.90M	+1.95%	1.81%	1.15B
Q1 FY1996	31 Mar 1996	19.90M	+423.68%	1.86%	1.07B
Q4 FY1995	31 Dec 1995	12.90M	+230.77%	1.53%	844.30M
Q3 FY1995	30 Sept 1995	22.60M	+80.80%	3.05%	740.40M
Q2 FY1995	30 Jun 1995	20.50M	+388.10%	2.75%	744.60M
Q1 FY1995	31 Mar 1995	3.80M	-39.68%	0.55%	690.50M
Q4 FY1994	31 Dec 1994	3.90M	—	0.69%	562.60M
Q3 FY1994	30 Sept 1994	12.50M	+10.62%	2.16%	577.40M
Q2 FY1994	30 Jun 1994	4.20M	-83.00%	1.01%	416.10M
Q1 FY1994	31 Mar 1994	6.30M	-59.62%	2.24%	281.30M
Q4 FY1993	31 Dec 1993	-15.20M	-285.37%	-5.39%	282.00M
Q3 FY1993	30 Sept 1993	11.30M	-59.79%	3.49%	323.40M
Q2 FY1993	30 Jun 1993	24.70M	-9.85%	7.69%	321.10M
Q1 FY1993	31 Mar 1993	15.60M	-22.39%	5.27%	295.80M
Q4 FY1992	31 Dec 1992	8.20M	-64.04%	2.70%	303.70M
Q3 FY1992	30 Sept 1992	28.10M	-6.33%	8.35%	336.70M
Q2 FY1992	30 Jun 1992	27.40M	+8.73%	8.59%	319.10M
Q1 FY1992	31 Mar 1992	20.10M	-2.43%	7.31%	275.10M
Q4 FY1991	31 Dec 1991	22.80M	-31.53%	11.67%	195.40M
Q3 FY1991	30 Sept 1991	30.00M	-5.66%	11.70%	256.50M
Q2 FY1991	30 Jun 1991	25.20M	+26.63%	9.23%	273.00M
Q1 FY1991	31 Mar 1991	20.60M	+112.37%	7.18%	286.90M
Q4 FY1990	31 Dec 1990	33.30M	+362.50%	9.92%	335.60M
Q3 FY1990	30 Sept 1990	31.80M	+622.73%	10.72%	296.60M
Q2 FY1990	30 Jun 1990	19.90M	+7.57%	7.20%	276.30M
Q1 FY1990	31 Mar 1990	9.70M	-14.91%	3.73%	260.40M
Q4 FY1989	31 Dec 1989	7.20M	-27.27%	2.69%	267.80M
Q3 FY1989	30 Sept 1989	4.40M	-41.33%	1.79%	246.20M
Q2 FY1989	30 Jun 1989	18.50M	+249.06%	8.19%	225.90M
Q1 FY1989	31 Mar 1989	11.40M	+44.30%	5.66%	201.40M
Q4 FY1988	31 Dec 1988	9.90M	—	5.34%	185.30M
Q3 FY1988	30 Sept 1988	7.50M	—	4.15%	180.80M
Q2 FY1988	30 Jun 1988	5.30M	—	2.74%	193.40M
Q1 FY1988	31 Mar 1988	7.90M	—	3.74%	211.10M
Q4 FY1987	31 Dec 1987	0.00	-100.00%	0.00%	182.40M
Q3 FY1987	30 Sept 1987	0.00	—	0.00%	168.50M
Q2 FY1987	30 Jun 1987	0.00	—	0.00%	156.40M
Q1 FY1987	31 Mar 1987	0.00	—	0.00%	121.10M
Q4 FY1986	31 Dec 1986	1.10M	-89.42%	0.25%	446.20M
Q3 FY1986	30 Sept 1986	-42.60M	-860.71%	-10.46%	407.30M
Q2 FY1986	30 Jun 1986	-10.00M	—	-2.23%	447.70M
Q1 FY1986	31 Mar 1986	-41.30M	—	-7.13%	578.90M
Q4 FY1985	31 Dec 1985	10.40M	—	1.60%	648.10M
Q3 FY1985	30 Sept 1985	5.60M	—	0.74%	759.30M

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about Valero Energy's profit

Source: Financial Modeling PrepVerified against SEC filings

Valero Energy
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Quotes are delayed by 15 minutes

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Valero Energy net income 1985–2026What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Net income

Growth

Common questions about Valero Energy's profit

How much profit does Valero Energy make?

What was Valero Energy's net income in 2025?

What was Valero Energy's net income in 2024?

What is Valero Energy's profit margin?

How much has Valero Energy's net income grown over 10 years?

What was Valero Energy's highest annual net income?

Need help?

Valero Energy DQuotes are delayed by 15 minutes

VLO

Valero Energy net income 1985–2026What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Net income

Growth

Common questions about Valero Energy's profit

How much profit does Valero Energy make?

What was Valero Energy's net income in 2025?

What was Valero Energy's net income in 2024?

What is Valero Energy's profit margin?

How much has Valero Energy's net income grown over 10 years?

What was Valero Energy's highest annual net income?

Need help?

Valero Energy
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