Valero Energy Corporation financials

Key figures from Valero Energy Corporation's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$44.5B$29.9B+48.8%
Net income$3.7B$714M+421.0%
Free cash flow$529M
Gross margin12.3%4.2%+8.1 pts
Operating margin11.7%3.3%+8.3 pts
Net margin8.4%2.4%+6.0 pts

Quarterly trend

Revenue by quarter
$38.4BSep 2023$35.4BDec 2023*$31.8BMar 2024$34.5BJun 2024$32.9BSep 2024$30.8BDec 2024*$30.3BMar 2025$29.9BJun 2025$32.2BSep 2025$30.4BDec 2025*$32.4BMar 2026$44.5BJun 2026
Net income by quarter
$2.6BSep 2023$1.2BDec 2023*$1.2BMar 2024$880MJun 2024$364MSep 2024$281MDec 2024*-$595MMar 2025$714MJun 2025$1.1BSep 2025$1.1BDec 2025*$1.3BMar 2026$3.7BJun 2026
Free cash flow by quarter
Sep 2023-$677MDec 2023*$1.2BMar 2024$2.1BJun 2024$866MSep 2024$523MDec 2024*$293MMar 2025$529MJun 2025$1.5BSep 2025Dec 2025*Mar 2026Jun 2026
Margins by quarter
-5%5%15%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 20269.8%5.3%6.2%4.2%2.3%2.0%1.7%4.2%5.5%6.3%6.3%12.3%9.1%4.4%5.3%3.5%1.5%1.1%-3.0%3.3%4.7%5.2%5.3%11.7%6.8%3.4%3.9%2.6%1.1%0.9%-2.0%2.4%3.4%3.7%3.9%8.4%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$122.7B$2.3B1.9%$7.57
FY Dec 2024$129.9B$2.8B2.1%$4.6B$8.58
FY Dec 2023$144.8B$8.8B6.1%$7.3B$24.92
FY Dec 2022$176.4B$11.5B6.5%$9.8B$29.04
FY Dec 2021$114.0B$930M0.8%$3.4B$2.27

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.