TRV FY 2025 Earnings Report — The Travelers Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Travelers Companies, Inc.TRV

FY 2025 Earnings

Reported February 12, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$48.8B	—	$46.4B	—	5.2%
Op. Income	$7.8B	—	$6.2B	—	26.1%
Gross Margin	44.3%	—	26.7%	—	17.6pp
Net Margin	12.9%	—	10.8%	—	2.1pp
EPS (Diluted)	$27.43	—	$21.47	—	27.8%
Free Cash Flow	$10.6B	—	$9.1B	—	16.9%

Revenue Flow

Item	Amount
REVENUE	$48.8B
Cost of Revenue	$27.2B
GROSS PROFIT	$21.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.1B
SG&A Expenses	$6.1B
Other Expenses	$7.7B
Operating Expenses	$13.8B
Cost & Expenses	$41.0B
OPERATING INCOME	$7.8B
Interest Income	$0
Interest Expense	$425M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$6.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.2B
D&A	$680M
EBIT	$8.2B
EBITDA	$8.9B
EPS	$28
EPS Diluted	$27

Income Statement

Item	Amount
REVENUE	$48.8B
Cost of Revenue	$27.2B
GROSS PROFIT	$21.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.1B
SG&A Expenses	$6.1B
Other Expenses	$7.7B
Operating Expenses	$13.8B
Cost & Expenses	$41.0B
OPERATING INCOME	$7.8B
Interest Income	$0
Interest Expense	$425M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$6.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.2B
D&A	$680M
EBIT	$8.2B
EBITDA	$8.9B
EPS	$28
EPS Diluted	$27

Cash Flow Statement

Item	Amount
Net Income	$6.3B
Depreciation & Amortization	$680M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$8.0B
Change in Working Capital	-$4.3B
OPERATING CASH FLOW	$10.6B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$20.2B
Sales/Maturities of Investments	$13.0B
Other Investing Activities	-$389M
NET CASH FROM INVESTING	-$7.7B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$3.1B
Common Dividends Paid	-$979M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$2.7B
FREE CASH FLOW	$10.6B
Net Change in Cash	$143M

Balance Sheet

Item	Amount
Cash & Equivalents	$842M
Short-Term Investments	$5.7B
Net Receivables	$14.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$21.4B
PP&E (Net)	$0
Goodwill	$4.1B
Intangible Assets	$336M
Long-Term Investments	$95.5B
Tax Assets	$887M
Other Non-Current Assets	$21.5B
TOTAL NON-CURRENT ASSETS	$122.3B
TOTAL ASSETS	$143.7B
Account Payables	$3.6B
Short-Term Debt	$300M
Deferred Revenue	$0
Other Current Liabilities	-$300M
TOTAL CURRENT LIABILITIES	$91.7B
Long-Term Debt	$9.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$101.8B
TOTAL NON-CURRENT LIABILITIES	$110.8B
TOTAL LIABILITIES	$110.8B
Common Stock	$25.9B
Additional Paid-In Capital	$0
Retained Earnings	$54.9B
Treasury Stock	-$45.4B
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.9B
Minority Interest	$0
TOTAL EQUITY	$32.9B
TOTAL LIABILITIES & EQUITY	$143.7B
Total Debt	$9.3B
Net Debt	$8.4B