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	10,660	9,708	8,213	6,402
Selling, General & Admin	3,704	3,569	3,169	2,680	2,137
Other Operating Expenses	1,106	942	889	836	734
Total Operating Expenses	4,810	4,511	4,058	3,516	2,871
Operating Income	6,569	6,150	5,650	4,697	3,530
Total Non-Operating Income (Expense)	207	283	190	-62	-96
Pretax Income	6,775	6,432	5,840	4,635	3,435
Provision for Income Taxes	2,216	1,801	1,518	1,255	981
Net Income	4,524	4,603	4,311	3,367	2,445
Minority Interest in Earnings	36	28	12	13	8
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	41.19	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%
Shares Outstanding	104.84	104.84	104.73	104.57	104.62
Free Cash Flow	4,213	4,072	3,469	3,666	2,873
Free Cash Flow Growth	3.46%	17.38%	-5.37%	27.60%	140.62%
Free Cash Flow Per Share	40.11	38.81	33.09	34.94	27.37
Dividends 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%	70.27%	72.30%	70.79%	71.28%
Operating Margin	41.05%	40.54%	42.08%	40.48%	39.30%
Profit Margin	28.50%	30.53%	32.19%	29.13%	27.32%
FCF Margin	26.33%	26.84%	25.84%	31.60%	31.99%
EBITDA	7,495	6,994	6,422	5,427	4,093
EBITDA Margin	46.84%	46.10%	47.83%	46.78%	45.57%
EBIT	6,569	6,150	5,650	4,697	3,530
EBIT Margin	41.05%	40.54%	42.08%	40.48%	39.30%
Effective Tax Rate	32.71%	28.00%	25.99%	27.08%	28.56%

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