VLO · Q2 FY26 · Apr 1 – Jun 30, 2026
Valero Energy Q2 FY26: where the revenue came from and where it went
Valero Energy Q2 FY26: revenue $44.5B (+49% year over year). Net profit $3.7B. Largest cohort Refining $42.3B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 30, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$44.48B
+49% year over year
Gross profit$5.47B
12% margin
Operating profit$5.20B
12% margin
Net profit$3.72B
8% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 44.48 | 100% | +49% |
| Refining | 42.30 | 95% | +49% |
| Renewable Diesel | 1.18 | 3% | +108% |
| Ethanol | 1.00 | 2% | +0% |
| Cost of revenue | −39.01 | 88% | |
| Gross profit | 5.47 | 12% margin | +8pp |
| G&A | −0.23 | 1% | +0pp |
| Other | −0.04 | 0% | +0pp |
| Operating profit | 5.20 | 12% margin | +8pp |
| Tax | −1.09 | ||
| Interest & other costs | −0.38 | ||
| Net profit | 3.72 | 8% | +6pp |
Older quarters
-
Q1 FY26 3/2026Revenue $32.4B Net margin 4%
-
Q4 FY25 12/2025Revenue $30.4B Net margin 4%
-
Q3 FY25 9/2025Revenue $32.2B Net margin 3%
-
Q2 FY25 6/2025Revenue $29.9B Net margin 2%
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