Full year 2021 results:
- EPS: US$113,882 (up from US$59.15 in FY 2020).
- Revenue: US$257.6b (up 41% from FY 2020).
- Net income: US$76.0b (up 89% from FY 2020).
- Profit margin: 30% (up from 22% in FY 2020). The increase in margin was driven by higher revenue.
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%.Over the next year, revenue is forecast to grow 17%, compared to a 18% growth forecast for the industry in the US.
Over the last 3 years on average, earnings per share has increased by 170% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.