Financials in USD. Standardized financial statements.
A compact view of how adidas AG turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $23.83B | $23.68B | $21.43B | $22.51B | $21.23B | $19.84B | $23.64B | $21.91B | $21.22B | $19.29B |
| Revenue Growth? | +0.6% | +10.5% | -4.8% | +6.0% | +7.0% | -16.1% | +7.9% | +3.3% | +10.0% | 0.0% |
| Cost of Revenue? | $12.60B | $11.66B | $11.24B | $11.87B | $10.47B | $9.99B | $11.35B | $10.55B | $10.51B | $9.91B |
| Gross Profit? | $11.23B | $12.03B | $10.18B | $10.64B | $10.77B | $9.85B | $12.29B | $11.36B | $10.70B | $9.38B |
| Gross Margin? | +47.1% | +50.8% | +47.5% | +47.3% | +50.7% | +49.7% | +52.0% | +51.9% | +50.4% | +48.6% |
| Operating Expenses? | $9.34B | $10.69B | $9.91B | $9.91B | $8.78B | $8.99B | $9.62B | $8.96B | $8.64B | $7.94B |
| Operating Income? | $1.89B | $1.34B | $268.00M | $669.00M | $1.99B | $751.00M | $2.66B | $2.37B | $2.07B | $1.49B |
| EBITDA? | $2.97B | $2.51B | $785.00M | $1.75B | $3.11B | $1.98B | $3.88B | $2.90B | $2.60B | $1.98B |
| Income Before Tax | $1.75B | $1.12B | $66.00M | $388.00M | $1.85B | $575.00M | $2.56B | $2.38B | $2.02B | $1.44B |
| Income Tax Expense | $425.52M | $297.00M | $124.00M | $134.00M | $360.00M | $146.00M | $640.00M | $669.00M | $668.00M | $426.00M |
| Net Income? | $1.29B | $764.00M | -$75.00M | $254.00M | $1.49B | $432.00M | $1.98B | $1.70B | $1.10B | $1.02B |
| EPS? | $3.60 | $2.14 | $-0.21 | $0.70 | $3.84 | $1.11 | $5.00 | $4.22 | $2.71 | $2.54 |
| Diluted EPS? | $3.60 | $2.14 | $-0.21 | $0.70 | $3.84 | $1.11 | $5.00 | $4.22 | $2.69 | $2.50 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality