Valero Energy revenue and financials
$419.22Change from previous close: −0.03%Absolute change: −$0.11
In the fiscal year ended December 2025, Valero Energy reported revenue of $122.69B (−5.54% year over year). Net income was $2.35B, a net margin of 1.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −5.54%
- 2025 vs 2024
- Net income growth
- −15.23%
- 2025 vs 2024
- Net margin
- 1.9%
- 2024: 2.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5,580 | 1,390 | 2,057 | 1,881 | 936 | 952 | 1,070 | 1,295 | 2,472 | 1,846 | 1,239 | 3,308 |
| Depreciation and amortization | 704 | 740 | 717 | 636 | 714 | 691 | 698 | 685 | 696 | 695 | 690 | 682 |
| Capital expenditure | -226 | -165 | -220 | -177 | -150 | -249 | -303 | -210 | -194 | -200 | -256 | -220 |
| Investing cash flow | -361 | -400 | -419 | -379 | -412 | -635 | -544 | -408 | -392 | -637 | -483 | -304 |
| Financing cash flow | -3,033 | 124 | -1,752 | -1,199 | -849 | -382 | -784 | -1,074 | -1,547 | -1,644 | -1,296 | -2,125 |
| Dividends paid | -355 | -359 | -344 | -351 | -354 | -356 | -339 | -342 | -347 | -356 | -346 | -360 |
| Share repurchases | -2,288 | -573 | -1,064 | -922 | -366 | -274 | -308 | -560 | -1,033 | -1,023 | -956 | -1,787 |
| Debt issued | 100 | 3,050 | 1,575 | 950 | 2,550 | 2,499 | 1,664 | 2,350 | 1,753 | 1,370 | 84.0 | 532 |
| Debt repaid | -269 | -2,175 | -1,755 | -1,023 | -2,774 | -2,116 | -1,732 | -2,410 | -1,918 | -1,725 | -78.0 | -451 |
| Effect of exchange rates | -44.0 | -67.0 | 38.0 | -74.0 | 230 | 43.0 | -267 | 127 | -36.0 | -72.0 | 133 | -123 |
| Net change in cash | 2,142 | 1,047 | -76.0 | 229 | -95.0 | -22.0 | -525 | -60.0 | 497 | -507 | -407 | 756 |
| Free cash flow | 5,354 | 1,225 | 1,837 | 1,704 | 786 | 703 | 767 | 1,085 | 2,278 | 1,646 | 983 | 3,088 |
| Levered free cash flow | 4,156 | 1,962 | 712 | 1,487 | 557 | 895 | 446 | 752 | 2,108 | 1,772 | 159 | 2,952 |