Phillips 66 (PSX) Revenue — Quarter Ended Mar 31, 2026
Revenue declined from the prior quarter but rose compared to the same quarter a year earlier. The sequential decrease followed a pattern of alternating quarterly movements over the past year.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue declined from the prior quarter but rose compared to the same quarter a year earlier. The sequential decrease followed a pattern of alternating quarterly movements over the past year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$32.5B
Revenue reported for this quarter.
Quarter-over-quarter
-4.6%
Change from the immediately preceding quarter.
Year-over-year
+6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$134.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2025 | $33.3B | -12.6% |
| Sep 30, 2025 | $34.5B | -2.9% |
| Dec 31, 2025 | $34.1B | +1.3% |
| Mar 31, 2026 | $32.5B | +6.9% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, reflecting a negative sequential change.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, showing a year-over-year increase. The prior quarter had also shown a positive year-over-year change.
What to watch
Revenue has shown alternating growth and contraction on a sequential basis over the past four quarters, warranting attention to the sustainability of the year-over-year improvement.