Danone Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	27,283	27,376	27,619	27,661	24,281
Revenue Growth (YoY)	-0.34%	-0.88%	-0.15%	13.92%	2.80%
Cost of Revenue	13,473	13,769	14,535	14,922	12,760
Gross Profit	13,810	13,607	13,084	12,739	11,521
Selling, General & Admin	9,564	9,500	9,036	8,931	7,843
Research & Development	479	447	398	339	338
Other Operating Expenses	827	281	1,608	1,326	1,083
Total Operating Expenses	10,870	10,228	11,042	10,596	9,264
Operating Income	2,940	3,379	2,042	2,143	2,257
Interest Income	301	403	341	155	156
Interest Expense	-498	-600	-513	-308	-323
Other Non-Operating Income (Expense)	-207	-183	-185	-157	-95
Total Non-Operating Income (Expense)	-404	-380	-357	-310	-262
Pretax Income	2,536	2,999	1,686	1,832	1,995
Provision for Income Taxes	741	929	768	778	589
Net Income	1,825	2,021	881	959	1,924
Minority Interest in Earnings	-29	49	36	96	-518
Net Income to Common	1,825	2,021	881	959	1,924
Net Income Growth	-9.70%	129.40%	-8.13%	-50.16%	-1.64%
Shares Outstanding (Basic)	643	643	641	639	646
Shares Outstanding (Diluted)	645	644	642	639	646
Shares Change (YoY)	0.11%	0.42%	0.35%	-1.08%	-0.54%
EPS (Basic)	2.82	3.14	1.36	1.48	2.94
EPS (Diluted)	2.82	3.13	1.36	1.48	2.94
EPS Growth	-9.90%	130.15%	-8.11%	-49.66%	-1.67%
Shares Outstanding	640.17	644.16	641.87	639.61	638.09
Free Cash Flow	2,724	2,908	2,595	2,091	2,431
Free Cash Flow Growth	-6.33%	12.06%	24.10%	-13.99%	21.25%
Free Cash Flow Per Share	4.22	4.51	4.04	3.27	3.76
Dividends Per Share	2.250	2.150	2.100	2.000	1.940
Dividend Growth	4.65%	2.38%	5.00%	3.09%	-
Gross Margin	50.62%	49.70%	47.37%	46.05%	47.45%
Operating Margin	10.78%	12.34%	7.39%	7.75%	9.30%
Profit Margin	6.58%	7.56%	3.32%	3.81%	5.79%
FCF Margin	9.98%	10.62%	9.40%	7.56%	10.01%
EBITDA	4,295	4,547	3,653	4,006	3,522
EBITDA Margin	15.74%	16.61%	13.23%	14.48%	14.51%
EBIT	2,940	3,379	2,042	2,143	2,257
EBIT Margin	10.78%	12.34%	7.39%	7.75%	9.30%
Effective Tax Rate	29.22%	30.98%	45.55%	42.47%	29.52%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.