| USD ($) $ in Millions, shares in Millions | LTM | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|---|
Total revenues | $ 41,367 | $ 38,068 | $ 34,935 |
Cost of equipment and services | 33,007 | 30,533 | 28,850 |
Gross profit | 8,359 | 7,535 | 6,085 |
Selling, general, and administrative expenses | 5,246 | 4,949 | 4,632 |
Research and development expenses | 1,314 | 1,197 | 982 |
Operating income (loss) | 1,800 | 1,388 | 471 |
Interest and other financial income (charges) – net | (189) | (186) | (120) |
Non-operating benefit income | (487) | (459) | (536) |
Other income (expense) – net (Note 19) | 5,403 | 795 | 1,372 |
Income (loss) before income taxes | 7,879 | 2,828 | 2,498 |
Provision (benefit) for income taxes (Note 15) | (1,642) | (2,051) | 939 |
Net income (loss) | 9,521 | 4,879 | 1,559 |
Net loss (income) attributable to noncontrolling interests | (7) | (4) | 7 |
Net income (loss) attributable to GE Vernova | $ 9,529 | $ 4,884 | $ 1,552 |
Earnings (loss) per share attributable to GE Vernova (Note 18): | |||
Basic (in dollars per share) | $ 35.29 | $ 17.92 | $ 5.65 |
Diluted (in dollars per share) | $ 34.88 | $ 17.69 | $ 5.58 |
Weighted-average number of common shares outstanding: | |||
Basic (in shares) | 268 | 272 | 275 |
Diluted (in shares) | 271 | 276 | 278 |