Key Highlights

  • Alphabet (NASDAQ:GOOGL) shows USD 278.99, down 0.30%, a market cap of USD 3,401.17 billion, trailing Net Income of USD 132.17 billion and a P/E of 14.57 on the highest net income screen, as of the capture on November 4, 2026.
  • NVIDIA (NASDAQ:NVDA) shows USD 202.06, down 1.26%, a market cap of USD 4,869.65 billion, trailing net income of USD 120.07 billion and a P/E of 25.54 on the highest net income screen, as of the capture on November 4, 2026.
  • Apple (NASDAQ:AAPL) shows USD 338.32, down 1.83%, a market cap of USD 4,937.50 billion, trailing net income of USD 112.01 billion and a P/E of 38.78 on the highest net income screen, as of the capture on November 4, 2026.
  • Meta Platforms (NASDAQ:META) shows USD 606.73, down 1.34%, a market cap of USD 1,550.95 billion, trailing net income of USD 60.46 billion and a P/E of 20.69 on the highest net income screen, as of the capture on November 4, 2026.

1. Microsoft (NASDAQ:MSFT)

Microsoft (NASDAQ:MSFT) reported GAAP net income of USD 36.6 billion for the quarter ended September 30, 2026, up 32%, on Revenue of USD 92.3 billion. MSFT is on this list because the highest net income screen ranks companies by trailing twelve month profit after tax, which rewards scale and says nothing about growth or valuation. Diluted Earnings per Share were USD 4.92, and Operating Income was USD 45.9 billion, up 21%. Azure revenue rose 48%, and Microsoft Cloud revenue reached USD 63.9 billion, up 30%. Commercial remaining performance obligation, contracted work not yet booked as revenue, climbed 73% to USD 677 billion. Non-GAAP net income was USD 36.4 billion, up 18%, because the adjusted figure excludes the OpenAI Investment effect that added USD 207 million to GAAP profit. The risk is concentration: the profit rests on cloud and AI Demand continuing, and a trailing net income figure says nothing about the price paid for it.

2. Alphabet (NASDAQ:GOOGL)

Alphabet (NASDAQ:GOOGL) reported third quarter 2026 net income of USD 26.2 billion, down about 25%, even as revenue rose 25% to USD 127.6 billion. Trailing net income adds the last four quarters, so one-off charges or gains can lift or cut it, which is why the quarter detail matters for GOOGL. Revenue rose 25% to USD 127.6 billion and operating income rose 30% to USD 40.6 billion, lifting the Operating Margin to 32% from 31%. Other income and expense swung to a net expense of USD 8.2 billion from net income of USD 12.8 billion a year earlier, which explains why profit fell while operating income climbed. Google Cloud revenue rose 103% to USD 30.7 billion, and Cloud operating income reached USD 11.1 billion, up from USD 3.6 billion. The risk is that non-operating swings can distort the headline profit, and the stock reaction to the report was not stated in the material reviewed.

3. NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA) reported GAAP net income of USD 59.7 billion for the quarter ended July 26, 2026, up 126%, on revenue of USD 96.2 billion. The screen pairs profit with price, so the P/E ratio, price divided by earnings per share, shows how much investors pay for each unit of NVDA profit. Diluted EPS was USD 2.46. Data Center revenue reached USD 89.0 billion, up 117%, so roughly 93% of total revenue came from that segment, simple arithmetic on two published figures. For the next quarter NVIDIA guided revenue of USD 108.0 billion, plus or minus 2%, with gross margin near 74.0%, assuming no Data Center compute revenue from China. The risk is dependence on one segment: about 93% of revenue came from Data Center, and the guide excludes China compute revenue.

4. Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) reported September quarter revenue of USD 114.5 billion, up 12%, with diluted EPS of USD 2.10, up 14%. AAPL is on this list because the highest net income screen ranks companies by trailing twelve month profit after tax, which rewards scale and says nothing about growth or valuation. Gross margin was 47.9%, including about 1 point from Tariff refunds, and EPS included USD 0.05 from the same refunds, so part of the profit is not a repeatable operating gain. Apple returned USD 28 billion to shareholders and set a quarterly Dividend of USD 0.27 per share payable on November 16, 2026. Fiscal 2026 revenue was USD 479 billion, an all-time record. The risk is that part of the quarter profit came from tariff refunds, and a single published source flags rising memory costs as a margin pressure.

5. Meta Platforms (NASDAQ:META)

Per published coverage, Meta Platforms (NASDAQ:META) earned about USD 9.86 billion in the third quarter of 2026 after a USD 9.89 billion legal charge. Trailing net income adds the last four quarters, so one-off charges or gains can lift or cut it, which is why the quarter detail matters for META. Operating income of USD 12.99 billion included a USD 9.89 billion legal charge; excluding it, operating income was about USD 22.9 billion and EPS would have been USD 7.40, according to the same coverage. Capital spending was USD 34.9 billion in the quarter, and free Cash Flow turned negative at USD 2.12 billion. Full year 2026 capital spending guidance is USD 135 billion to USD 145 billion. The risk is that these figures rest on a single third party reading of the filing and are approximate, and that heavy capital spending has pushed free cash flow negative.

Where Things Stand

On trailing net income, Microsoft (NASDAQ:MSFT) leads at USD 133.75 billion, followed by GOOGL, NVDA, AAPL and META, but the latest quarters tell a different story: Alphabet quarterly profit fell about 25%, Meta included a USD 9.89 billion legal charge, and Microsoft and NVIDIA grew profit 32% and 126%. Net income is what remains after every cost, tax and one-off item, so large profit says a company is established, not that its shares are cheap. Pairing profit with the P/E ratio and the latest quarter shows how much investors pay and what changed.