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? | $266.89B | $284.31B | $316.62B | $381.31B | $261.50B | $180.54B | $344.88B | $388.38B | $305.18B | $233.59B |
| Revenue Growth? | -6.1% | -10.2% | -17.0% | +45.8% | +44.8% | -47.7% | -11.2% | +27.3% | +30.6% | 0.0% |
| Cost of Revenue? | $224.39B | $238.37B | $269.41B | $302.54B | $225.66B | $193.54B | $308.12B | $343.50B | $276.32B | $216.00B |
| Gross Profit? | $42.49B | $45.94B | $47.21B | $78.78B | $35.85B | -$12.99B | $36.76B | $44.88B | $28.86B | $17.59B |
| Gross Margin? | +15.9% | +16.2% | +14.9% | +20.7% | +13.7% | -7.2% | +10.7% | +11.6% | +9.5% | +7.5% |
| Operating Expenses? | $14.91B | $15.95B | $16.47B | $15.67B | $13.57B | $12.54B | $13.81B | $13.69B | $13.38B | $15.22B |
| Operating Income? | $27.58B | $29.99B | $30.74B | $63.11B | $22.28B | -$25.53B | $22.95B | $31.19B | $15.48B | $2.37B |
| EBITDA? | $56.66B | $61.65B | $60.36B | $92.55B | $56.51B | $2.22B | $55.15B | $60.90B | $48.28B | $34.10B |
| Income Before Tax | $29.76B | $29.92B | $32.63B | $64.81B | $29.83B | -$26.97B | $25.48B | $35.62B | $18.13B | $5.61B |
| Income Tax Expense | $11.64B | $13.40B | $12.99B | $21.94B | $9.20B | -$5.43B | $9.05B | $11.71B | $4.70B | $829.00M |
| Net Income? | $17.84B | $16.09B | $19.36B | $42.31B | $20.10B | -$21.68B | $15.84B | $23.35B | $12.98B | $4.58B |
| EPS? | $6.08 | $5.10 | $5.76 | $11.52 | $5.18 | $-5.56 | $3.94 | $5.64 | $3.16 | $1.16 |
| Diluted EPS? | $6.02 | $5.06 | $5.70 | $11.42 | $5.14 | $-5.56 | $3.90 | $5.60 | $3.12 | $1.16 |
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