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First Horizon Corporation

FHN

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
4,937
Cost of Revenue
1,991
Gross Profit
2,946
Gross Margin
59.7%
Operating Income
1,005
Operating Margin
20.4%
Net Income
775
Net Margin
15.7%
EPS (Basic)
$1.37
EPS (Diluted)
$1.36
EBITDA
1,106
EBITDA Margin
22.4%

2023

12/31/2023

Revenue
4,715
Cost of Revenue
1,820
Gross Profit
2,895
Gross Margin
61.4%
Operating Income
1,128
Operating Margin
23.9%
Net Income
897
Net Margin
19.0%
EPS (Basic)
$1.58
EPS (Diluted)
$1.54
EBITDA
1,230
EBITDA Margin
26.1%

2022

12/31/2022

Revenue
3,411
Cost of Revenue
386
Gross Profit
3,025
Gross Margin
88.7%
Operating Income
1,159
Operating Margin
34.0%
Net Income
900
Net Margin
26.4%
EPS (Basic)
$1.62
EPS (Diluted)
$1.53
EBITDA
1,244
EBITDA Margin
36.5%

2021

12/31/2021

Revenue
3,154
Cost of Revenue
-146
Gross Profit
3,300
Gross Margin
104.6%
Operating Income
1,284
Operating Margin
40.7%
Net Income
999
Net Margin
31.7%
EPS (Basic)
$1.76
EPS (Diluted)
$1.74
EBITDA
1,329
EBITDA Margin
42.1%

2020

12/31/2020

Revenue
2,801
Cost of Revenue
739
Gross Profit
2,062
Gross Margin
73.6%
Operating Income
933
Operating Margin
33.3%
Net Income
845
Net Margin
30.2%
EPS (Basic)
$1.90
EPS (Diluted)
$1.89
EBITDA
995
EBITDA Margin
35.5%