Hermes 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	16,002	15,170	13,427	11,602	8,982
Revenue Growth (YoY)	5.49%	12.98%	15.73%	29.17%	40.59%
Cost of Revenue	4,623	4,511	3,720	3,389	2,580
Gross Profit	11,379	10,659	9,707	8,213	6,402
Selling, General & Admin	3,704	3,569	3,169	2,680	2,137
Other Operating Expenses	1,106	679	632	648	547
Operating Expenses	4,810	4,428	3,952	3,393	2,806
Operating Income	6,569	6,231	5,755	4,820	3,596
Interest Expense	-	-59	-56	-45	-32
Interest & Investment Income	207	400	331	67	12
Earnings From Equity Investments	47	44	105	50	34
Other Non Operating Income (Expenses)	-	-57	-83	-84	-77
EBT Excluding Unusual Items	6,823	6,559	6,052	4,808	3,533
Asset Writedown	-	-83	-106	-123	-65
Pretax Income	6,823	6,476	5,946	4,685	3,468
Income Tax Expense	2,263	1,845	1,623	1,305	1,015
Earnings From Continuing Operations	4,560	4,631	4,323	3,380	2,453
Minority Interest in Earnings	-36	-28	-12	-13	-8
Net Income	4,524	4,603	4,311	3,367	2,445
Net Income to Common	4,524	4,603	4,311	3,367	2,445
Net Income Growth	-1.72%	6.77%	28.04%	37.71%	76.53%
Shares Outstanding (Basic)	105	105	105	105	105
Shares Outstanding (Diluted)	105	105	105	105	105
Shares Change (YoY)	0.10%	0.08%	-0.09%	-0.03%	0.07%
EPS (Basic)	43.15	43.93	41.20	32.20	23.37
EPS (Diluted)	43.07	43.87	41.12	32.09	23.30
EPS Growth	-1.82%	6.69%	28.14%	37.72%	76.38%
Free Cash Flow	4,213	4,072	3,750	3,770	3,002
Free Cash Flow Per Share	40.11	38.81	35.77	35.93	28.60
Dividend Per Share	18.000	16.000	15.000	13.000	8.000
Dividend Growth	12.50%	6.67%	15.38%	62.50%	75.82%
Gross Margin	71.11%	70.26%	72.30%	70.79%	71.28%
Operating Margin	41.05%	41.07%	42.86%	41.55%	40.04%
Profit Margin	28.27%	30.34%	32.11%	29.02%	27.22%
Free Cash Flow Margin	26.33%	26.84%	27.93%	32.49%	33.42%
EBITDA	7,495	6,558	6,044	5,086	3,829
EBITDA Margin	46.84%	43.23%	45.01%	43.84%	42.63%
D&A For EBITDA	926	327	289	266	233
EBIT	6,569	6,231	5,755	4,820	3,596
EBIT Margin	41.05%	41.07%	42.86%	41.55%	40.04%
Effective Tax Rate	33.17%	28.49%	27.30%	27.86%	29.27%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.