# Charter Communications (CHTR.US)

Canonical: https://gigainvestors.com/s/CHTR

Analysis as of: 2026-10-16T07:27:25.495Z. Financial observations: FY1998–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $109.99 per share; close as of 2026-10-15.

Estimated value: low $315.16 per share, central $385.11 per share, high $448.95 per share. Buy at or below the central value $385.11 per share. Valuation as of 2026-10-16T07:27:25.495Z; scenarios are not confidence intervals.

Expected annual return: 27.7% at the stated quote. About 27.7% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 2 revenue declines in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 2

- Years with a net loss: 0

- Operating margin variation: 0.25×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.11×

- FY2018: 0.13×

- FY2019: 0.14×

- FY2020: 0.18×

- FY2021: 0.21×

- FY2022: 0.23×

- FY2023: 0.23×

- FY2024: 0.24×

- FY2025: 0.24×

- LTM to Jun 2026: 0.24×

### moat: fail

- ROIC median below threshold

- ROIC worst years below threshold (more than 1 bad year allowed)

- ROIC, median of available years: 10.7%

- ROIC, second-lowest year: 5.6%

- Typical minus recent gross margin: -8.5 pp

- Typical gross margin (annual median): 37.5%

- Recent gross margin (lower of latest and 3-year median): 46.0%

- Years with nonpositive capital: 0

- Capital spending / revenue: 19.5%

- ROIC including acquisitions, ten-year median: 3.2%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2016: 4.9%

- FY2017: 5.6%

- FY2018: 6.2%

- FY2019: 6.9%

- FY2020: 9.5%

- FY2021: 11.9%

- FY2022: 12.5%

- FY2023: 12.2%

- FY2024: 12.7%

- FY2025: 12.4%

### economics: pass

- Owner earnings / net income, 5-yr: 0.81×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $20B

- Net income, five-year total: $24B

- Return on incremental invested capital: 34.4%

- Working capital / revenue, annual change: 0.2 pp

- Working capital / revenue, change between three-year averages: 1.6 pp

- Working capital / revenue, final three-year average: 4.2%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.34×

- FY2022: 1.01×

- FY2023: 0.60×

- FY2024: 0.61×

- FY2025: 0.49×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 5.6% vs 12.4%

- Per-share earnings: 15.00 to 34.97 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: 3.1%

- Ordinary dilution, 5-year annual growth: -8.0%

- Market cap gain: -$39B

- Cumulative retained earnings: -$6.1B

- Diluted shares, 10-year annual growth: 3.1%

- Diluted shares, 5-year annual growth: -8.0%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 11.2%

- Per-share value change: $19.97

- Per-share value, starting three-year median: $15.00

- Per-share value, ending three-year median: $34.97

- Buybacks concentrated in cheaper years (correlation): 0.22

- Average buyback yield: 9.1%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: $103B

- Cumulative net income, 10 years: $44B

- ROIC, first three-year median: 5.6%

- ROIC, last three-year median: 12.4%

Chart: Earnings per share; fiscal year observations.

- FY2016: $15.00

- FY2017: $33.35

- FY2018: $5.22

- FY2019: $7.45

- FY2020: $15.40

- FY2021: $24.11

- FY2022: $30.74

- FY2023: $29.99

- FY2024: $34.97

- FY2025: $36.20

### accounting: pass

- Sloan accruals: -7.2%

- Receivables to sales index (DSRI): 1.19×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 4.2%

- Earnings backed by cash: Yes

- Operating cash / earnings: 3.22×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 6.08×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -3.0%

- FY2017: -1.4%

- FY2018: -7.2%

- FY2019: -6.8%

- FY2020: -7.9%

- FY2021: -8.1%

- FY2022: -6.8%

- FY2023: -6.7%

- FY2024: -6.2%

- FY2025: -7.2%

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Ruane](https://gigainvestors.com/RC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Stuart McLaughlin](https://gigainvestors.com/TFP): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Wallace Weitz](https://gigainvestors.com/WIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 84% since Oct 2021 · "Charter Warns Broadband Competition Remains Fierce After Losing 172,000 Internet Customers" (finance.yahoo.com, Jul 2026) · sales -0.7%

Story as of 2026-10-16T09:58:30.245Z; price observation 2026-10-15.

Price needs cash profits to shrink 13.3% a year for ten years

- 2025-04-25: Charter Communications Logs Surprise Increase in First-Quarter Revenue on Mobile Service Boost ([finance.yahoo.com](https://finance.yahoo.com/news/charter-communications-logs-surprise-increase-154451534.html))

- 2025-07-25: Charter Communications’ Modest Growth, Broadband Loss Triggers Steep Sell-Off ([finance.yahoo.com](https://finance.yahoo.com/m/339b419a-2bdd-3fc2-be02-c87d196f0ef9/charter-communications%E2%80%99.html))

- 2025-10-31: Charter sheds more broadband customers than expected as competition heats up ([finance.yahoo.com](https://finance.yahoo.com/news/charter-sheds-more-broadband-customers-115406388.html))

- 2025-11-03: CHTR Q3 Deep Dive: Internet Subscriber Losses and Flat Revenue Amid Competitive Pressures ([finance.yahoo.com](https://finance.yahoo.com/news/chtr-q3-deep-dive-internet-150158656.html))

- 2026-03-30: Charter Communications May See Q1 Impact From Competitive Pressures, UBS Says ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/charter-communications-may-see-q1-190639910.html))

- 2026-04-24: Charter Earnings Miss Estimates in Q1, Revenues Decline Y/Y ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/charter-earnings-miss-estimates-q1-150100322.html))

### Sales · FY2025–2026

sales -0.7%; source https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm; observed 2026-01-30.

- FY2017: $42B 

- FY2018: $44B 

- FY2019: $46B 

- FY2020: $48B 

- FY2021: $52B 

- FY2022: $54B 

- FY2023: $55B 

- FY2024: $55B 

- FY2025: $55B 

- FY2026: $54B 

### Gross margin · FY2025

gross margin 46.3%; source https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm; observed 2026-01-30.

- FY2016: 29.0% 

- FY2017: 25.4% 

- FY2018: 29.0% 

- FY2019: 32.6% 

- FY2020: 36.0% 

- FY2021: 39.9% 

- FY2022: 43.4% 

- FY2023: 39.0% 

- FY2024: 46.0% 

- FY2025: 46.3% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in telecom services; annual sales are USD 54.8 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm (filed 2026-01-30); FY2025: revenue 54774000000; grossProfit 25372000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); CHTR.US: Charter Communications, Inc. operates as a broadband connectivity company in the United States. The company offers subscription-based internet, mobile, video, and voice services; broadband connectivity services, including fixed internet, WiFi, and mobile; Spectrum internet products; advanced WiFi services; and in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their wireless internet experience. It also offers wireline voice communications services using voice over internet protocol technology; Call Guard, an advanced caller ID and robocall blocking solution; video programming and video services, including access to an interactive programming guide with parental controls, video on demand and pay-per-view services; and broadband communications solutions, such as internet access, data networking, fiber connectivity, video entertainment, and business telephone services. In addition, the company provides advertising services on cable television networks, various streaming services, and advertising platforms for local, regional and national businesses. Further, it offers production and technical services for regional sports networks; owns and manages local news channels, including Spectrum News NY1® and Spectrum News SoCal; and delivers broadband connectivity solutions to apartments, single-family gated communities, off-campus student housing, senior residences, and RV parks. The company was founded in 1993 and is headquartered in Stamford, Connecticut.

### Why customers stay

Margins ranged from 39% to 46.3% during 2023–25; it earns 10.7% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2023: grossProfit / revenue = 39%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2024: grossProfit / revenue = 46%.

- Source: https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm (filed 2026-01-30); FY2025: grossProfit / revenue = 46.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); 10-year return on capital observations [[2016,0.048572880494621835],[2017,0.056254738438210765],[2018,0.061684520318416765],[2019,0.06888263219760599],[2020,0.09485574502868349],[2021,0.11939417920679142],[2022,0.12494017652569005],[2023,0.12164802966018345],[2024,0.12723496758113192],[2025,0.12430552919262022]]; median 0.10712496211773745. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 8 of 10 years; bought back USD 5.1 billion of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2017: growth capex 0; upkeep 7870000000; owner earnings 12553883835.887297. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2018: growth capex 0; upkeep 9595000000; owner earnings 1820498007.9681275. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2019: growth capex 0; upkeep 7140000000; owner earnings 4000855421.686747. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2020: growth capex 0; upkeep 7956000000; owner earnings 4754115342.763874. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2021: growth capex 0; upkeep 7555000000; owner earnings 6219913533.834586. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2022: growth capex 0; upkeep 8823000000; owner earnings 5124140023.935716. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2023: growth capex 415203319.016716; upkeep 10527796680.983284; owner earnings 2725203319.016716. Growth capex / owner earnings = 0.15235682274397275.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2024: growth capex 339194635.3118801; upkeep 10929805364.68812; owner earnings 3123091975.275976. Growth capex / owner earnings = 0.10860859622358919.

- Source: https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm (filed 2026-01-30); FY2025: growth capex 0; upkeep 11659000000; owner earnings 2437281651.0579257. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); Dividend observations: [[2016,12430000000],[2017,153000000],[2018,153000000],[2019,118000000],[2020,16060000000],[2021,44000000],[2022,111000000],[2023,22000000],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm (filed 2026-01-30); FY2025: cash repurchases 5132000000 USD.

### Are managers owners

Insiders own 3.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); CHTR.US SharesStats.PercentInsiders = 3.098 percentage points; cache date 2026-10-16.

### What could break it

"We have a significant amount of debt and expect to incur significant additional debt" (SEC filing, Jan 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm (filed 2026-01-30); We have a significant amount of debt and expect to incur significant additional debt

### What the price says

The price assumes cash profits shrink 13.3% yearly over ten years; actual growth was 45.5%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); Ten-year compound average after fade. Initial solved rate -0.19797856262700958. Price 109.99; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 0.41521404773520165 → FY2025 17.69432704161261. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $249.89 per share

- 2016-11: $275.31 per share

- 2016-12: $287.92 per share

- 2017-01: $323.95 per share

- 2017-02: $323.06 per share

- 2017-03: $327.32 per share

- 2017-04: $345.16 per share

- 2017-05: $345.55 per share

- 2017-06: $336.85 per share

- 2017-07: $391.97 per share

- 2017-08: $398.54 per share

- 2017-09: $363.42 per share

- 2017-10: $334.17 per share

- 2017-11: $326.21 per share

- 2017-12: $335.96 per share

- 2018-01: $377.25 per share

- 2018-02: $341.93 per share

- 2018-03: $311.22 per share

- 2018-04: $271.29 per share

- 2018-05: $261.04 per share

- 2018-06: $293.21 per share

- 2018-07: $304.58 per share

- 2018-08: $310.40 per share

- 2018-09: $325.88 per share

- 2018-10: $320.37 per share

- 2018-11: $329.20 per share

- 2018-12: $284.97 per share

- 2019-01: $331.05 per share

- 2019-02: $344.91 per share

- 2019-03: $346.91 per share

- 2019-04: $371.19 per share

- 2019-05: $376.80 per share

- 2019-06: $395.18 per share

- 2019-07: $385.38 per share

- 2019-08: $409.59 per share

- 2019-09: $412.12 per share

- 2019-10: $467.86 per share

- 2019-11: $470.01 per share

- 2019-12: $485.08 per share

- 2020-01: $517.46 per share

- 2020-02: $493.17 per share

- 2020-03: $436.31 per share

- 2020-04: $495.23 per share

- 2020-05: $544.00 per share

- 2020-06: $510.04 per share

- 2020-07: $580.00 per share

- 2020-08: $615.61 per share

- 2020-09: $624.34 per share

- 2020-10: $603.82 per share

- 2020-11: $651.99 per share

- 2020-12: $661.55 per share

- 2021-01: $607.56 per share

- 2021-02: $613.42 per share

- 2021-03: $617.02 per share

- 2021-04: $673.45 per share

- 2021-05: $694.53 per share

- 2021-06: $721.45 per share

- 2021-07: $744.05 per share

- 2021-08: $816.66 per share

- 2021-09: $727.56 per share

- 2021-10: $674.89 per share

- 2021-11: $646.28 per share

- 2021-12: $651.97 per share

- 2022-01: $593.34 per share

- 2022-02: $601.78 per share

- 2022-03: $545.52 per share

- 2022-04: $428.49 per share

- 2022-05: $506.93 per share

- 2022-06: $468.53 per share

- 2022-07: $432.10 per share

- 2022-08: $412.63 per share

- 2022-09: $303.35 per share

- 2022-10: $367.62 per share

- 2022-11: $391.29 per share

- 2022-12: $339.10 per share

- 2023-01: $384.31 per share

- 2023-02: $367.61 per share

- 2023-03: $357.61 per share

- 2023-04: $368.70 per share

- 2023-05: $326.15 per share

- 2023-06: $367.37 per share

- 2023-07: $405.19 per share

- 2023-08: $438.12 per share

- 2023-09: $439.82 per share

- 2023-10: $402.80 per share

- 2023-11: $400.13 per share

- 2023-12: $388.68 per share

- 2024-01: $370.71 per share

- 2024-02: $293.93 per share

- 2024-03: $290.63 per share

- 2024-04: $255.94 per share

- 2024-05: $287.12 per share

- 2024-06: $298.96 per share

- 2024-07: $379.72 per share

- 2024-08: $347.54 per share

- 2024-09: $324.08 per share

- 2024-10: $327.61 per share

- 2024-11: $396.97 per share

- 2024-12: $342.77 per share

- 2025-01: $345.49 per share

- 2025-02: $363.57 per share

- 2025-03: $368.53 per share

- 2025-04: $391.86 per share

- 2025-05: $396.27 per share

- 2025-06: $408.81 per share

- 2025-07: $269.36 per share

- 2025-08: $265.58 per share

- 2025-09: $275.11 per share

- 2025-10: $233.84 per share

- 2025-11: $200.12 per share

- 2025-12: $208.75 per share

- 2026-01: $206.12 per share

- 2026-02: $234.63 per share

- 2026-03: $215.88 per share

- 2026-04: $165.17 per share

- 2026-05: $144.05 per share

- 2026-06: $142.21 per share

- 2026-07: $144.98 per share

- 2026-08: $152.44 per share

- 2026-09: $110.90 per share

- 2026-10: $106.95 per share

## Annual estimated value (USD per share)

- FY2018: low $9.86 per share, central $12.76 per share, high $14.91 per share

- FY2019: low $102.87 per share, central $115.72 per share, high $132.84 per share

- FY2020: low $238.32 per share, central $295.26 per share, high $344.42 per share

- FY2021: low $315.80 per share, central $394.09 per share, high $459.92 per share

- FY2022: low $375.61 per share, central $473.63 per share, high $553.04 per share

- FY2023: low $413.46 per share, central $524.86 per share, high $613.06 per share

- FY2024: low $431.76 per share, central $542.48 per share, high $633.32 per share

- FY2025: low $263.70 per share, central $322.23 per share, high $375.65 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:33:05.466Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1091667/000109166726000017/chtr-20251231.htm); period 2025-12-31, filed 2026-01-30.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [David Hoeft](https://gigainvestors.com/DAC): 15,032,214 CHTR shares; USD 2,137,731,000 reported position value; 1.12% of portfolio; add; quarter 2026 Q2.
- [Matthew McLennan](https://gigainvestors.com/FE): 3,587,347 CHTR shares; USD 510,156,000 reported position value; 0.84% of portfolio; add; quarter 2026 Q2.
- [Bill Nygren](https://gigainvestors.com/HA): 96,777 CHTR shares; USD 13,763,000 reported position value; 0.02% of portfolio; reduce; quarter 2026 Q2.
- [Bill Ruane](https://gigainvestors.com/RC): 1,556 CHTR shares; USD 221,000 reported position value; 0% of portfolio; reduce; quarter 2026 Q2.
- [Stuart McLaughlin](https://gigainvestors.com/TFP): 153,725 CHTR shares; USD 21,861,000 reported position value; 1.95% of portfolio; hold; quarter 2026 Q2.
- [Wallace Weitz](https://gigainvestors.com/WIM): 650 CHTR shares; USD 92,000 reported position value; 0.01% of portfolio; hold; quarter 2026 Q2.

# CHTR — Charter Communications

Held by 6 investors · USD 2,683,824,000 total · 2026 Q2 · reported price USD 142.21 (split-adjusted).
Page: https://gigainvestors.com/s/CHTR

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| David Hoeft (https://gigainvestors.com/DAC) | USD 2,137,731,000 | 1.1% | add +2.77% |
| Matthew McLennan (https://gigainvestors.com/FE) | USD 510,156,000 | 0.8% | add +0.2% |
| Stuart McLaughlin (https://gigainvestors.com/TFP) | USD 21,861,000 | 2.0% | hold |
| Bill Nygren (https://gigainvestors.com/HA) | USD 13,763,000 | <0.1% | reduce -97.57% |
| Bill Ruane (https://gigainvestors.com/RC) | USD 221,000 | 0.0% | reduce -98.98% |
| Wallace Weitz (https://gigainvestors.com/WIM) | USD 92,000 | <0.1% | hold |

## Total held by quarter

- 2014 Q2: USD 365,701,479 · 1 holder · USD 158.38
- 2014 Q3: USD 749,296,032 · 1 holder · USD 151.37
- 2014 Q4: USD 1,032,750,249 · 1 holder · USD 166.62
- 2015 Q1: USD 1,154,630,953 · 1 holder · USD 193.11
- 2015 Q2: USD 1,475,263,608 · 2 holders · USD 171.25
- 2015 Q3: USD 1,808,019,888 · 1 holder · USD 175.85
- 2015 Q4: USD 1,882,561,509 · 1 holder · USD 183.10
- 2016 Q1: USD 2,090,454,731 · 1 holder · USD 202.43
- 2016 Q2: USD 5,117,035,221 · 3 holders · USD 228.64
- 2016 Q3: USD 6,051,791,684 · 3 holders · USD 269.97
- 2016 Q4: USD 6,614,306,982 · 3 holders · USD 287.92
- 2017 Q1: USD 7,503,066,347 · 3 holders · USD 327.32
- 2017 Q2: USD 8,014,774,115 · 3 holders · USD 336.85
- 2017 Q3: USD 7,494,169,950 · 3 holders · USD 363.42
- 2017 Q4: USD 6,391,052,414 · 3 holders · USD 335.96
- 2018 Q1: USD 6,008,836,268 · 3 holders · USD 311.22
- 2018 Q2: USD 6,372,055,847 · 3 holders · USD 293.21
- 2018 Q3: USD 7,017,778,548 · 3 holders · USD 325.88
- 2018 Q4: USD 5,535,809,837 · 3 holders · USD 284.97
- 2019 Q1: USD 6,930,482,294 · 6 holders · USD 346.91
- 2019 Q2: USD 7,772,410,339 · 6 holders · USD 395.18
- 2019 Q3: USD 8,260,390,071 · 6 holders · USD 412.12
- 2019 Q4: USD 9,540,663,908 · 6 holders · USD 485.08
- 2020 Q1: USD 8,694,519,967 · 7 holders · USD 436.31
- 2020 Q2: USD 10,376,926,502 · 7 holders · USD 510.04
- 2020 Q3: USD 12,713,482,871 · 7 holders · USD 624.34
- 2020 Q4: USD 12,821,837,280 · 7 holders · USD 661.55
- 2021 Q1: USD 11,879,980,293 · 7 holders · USD 617.02
- 2021 Q2: USD 13,805,440,648 · 8 holders · USD 721.45
- 2021 Q3: USD 13,453,450,196 · 7 holders · USD 727.56
- 2021 Q4: USD 11,459,569,501 · 8 holders · USD 651.97
- 2022 Q1: USD 4,622,746,283 · 8 holders · USD 545.52
- 2022 Q2: USD 2,351,130,935 · 6 holders · USD 468.53
- 2022 Q3: USD 1,396,694,193 · 6 holders · USD 303.35
- 2022 Q4: USD 1,556,902,865 · 5 holders · USD 339.10
- 2023 Q1: USD 1,663,325,147 · 6 holders · USD 357.61
- 2023 Q2: USD 1,732,298,553 · 7 holders · USD 367.37
- 2023 Q3: USD 2,109,197,490 · 6 holders · USD 439.82
- 2023 Q4: USD 1,904,861,765 · 6 holders · USD 388.68
- 2024 Q1: USD 7,632,237,141 · 10 holders · USD 290.63
- 2024 Q2: USD 8,225,444,688 · 12 holders · USD 298.96
- 2024 Q3: USD 7,920,788,882 · 11 holders · USD 324.08
- 2024 Q4: USD 7,763,774,941 · 12 holders · USD 342.77
- 2025 Q1: USD 8,298,725,471 · 10 holders · USD 368.53
- 2025 Q2: USD 8,372,173,631 · 9 holders · USD 408.81
- 2025 Q3: USD 5,337,958,838 · 9 holders · USD 275.11
- 2025 Q4: USD 5,026,918,666 · 9 holders · USD 208.75
- 2026 Q1: USD 4,858,022,873 · 6 holders · USD 215.88
- 2026 Q2: USD 2,683,824,000 · 6 holders · USD 142.21