Financials in USD. Standardized financial statements.
A compact view of how Shell plc 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? | $272.82B | $284.31B | $316.62B | $381.31B | $261.50B | $180.54B | $344.88B | $388.38B | $305.18B | $233.59B |
| Revenue Growth? | -4.0% | -10.2% | -17.0% | +45.8% | +44.8% | -47.7% | -11.2% | +27.3% | +30.6% | 0.0% |
| Cost of Revenue? | $227.34B | $211.50B | $269.99B | $302.54B | $225.66B | $193.54B | $308.12B | $343.50B | $276.32B | $216.00B |
| Gross Profit? | $45.48B | $72.81B | $47.21B | $78.78B | $35.85B | -$12.99B | $36.76B | $38.32B | $31.77B | $14.99B |
| Gross Margin? | +16.7% | +25.6% | +14.9% | +20.7% | +13.7% | -7.2% | +10.7% | +9.9% | +10.4% | +6.4% |
| Operating Expenses? | $14.08B | $13.25B | $16.47B | $14.79B | $13.57B | $11.72B | $13.81B | $13.69B | $13.38B | $17.59B |
| Operating Income? | $31.40B | $58.49B | $62.90B | $82.52B | $22.28B | -$9.69B | $52.87B | $53.77B | $15.48B | $28.19B |
| EBITDA? | $56.20B | $57.48B | $68.55B | $86.60B | $56.51B | $29.53B | $55.41B | $61.33B | $48.28B | $34.10B |
| Income Before Tax | $30.42B | $29.92B | $32.63B | $64.81B | $29.83B | -$26.97B | $25.49B | $35.62B | $18.13B | $5.61B |
| Income Tax Expense | $11.90B | $13.40B | $12.99B | $21.94B | $9.20B | -$5.43B | $9.05B | $11.71B | $4.70B | $829.00M |
| Net Income? | $18.23B | $16.09B | $19.36B | $42.31B | $20.10B | -$21.68B | $15.84B | $23.35B | $12.98B | $4.58B |
| EPS? | $3.10 | $2.55 | $2.88 | $5.76 | $2.59 | $-2.78 | $1.97 | $2.82 | $1.58 | $0.58 |
| Diluted EPS? | $3.07 | $2.53 | $2.85 | $5.71 | $2.57 | $-2.78 | $1.95 | $2.80 | $1.56 | $0.58 |
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