adidas AG (FRA:ADS1)

adidas AG Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	24,508	23,683	21,427	22,511	21,234	18,435
Revenue Growth (YoY)	10.95%	10.53%	-4.81%	6.01%	15.18%	-22.02%
Cost of Revenue	11,956	11,658	11,244	11,867	10,469	9,213
Gross Profit	12,552	12,025	10,183	10,644	10,765	9,222
Selling, General & Admin	10,965	10,915	9,914	10,015	8,810	8,353
Other Operating Expenses	-194	-198	-30	-116	-46	17
Operating Expenses	10,756	10,702	9,903	9,962	8,770	8,481
Operating Income	1,796	1,323	280	682	1,995	741
Interest Expense	-170	-221	-160	-137	-111	-156
Interest & Investment Income	57	57	39	23	12	25
Currency Exchange Gain (Loss)	-93	-93	-121	-166	-37	-37
Other Non Operating Income (Expenses)	42	42	41	-1	1	2
EBT Excluding Unusual Items	1,632	1,108	79	401	1,860	575
Gain (Loss) on Sale of Assets	13	13	-13	-13	-8	-25
Other Unusual Items	-	-	-	-	-	29
Pretax Income	1,645	1,121	66	388	1,852	579
Income Tax Expense	393	297	124	134	360	117
Earnings From Continuing Operations	1,252	824	-58	254	1,492	462
Earnings From Discontinued Operations	14	8	44	384	666	-19
Net Income to Company	1,266	832	-14	638	2,158	443
Minority Interest in Earnings	-64	-68	-61	-26	-42	-11
Net Income	1,202	764	-75	612	2,116	432
Net Income to Common	1,202	764	-75	612	2,116	432
Net Income Growth	400.83%	-	-	-71.08%	389.81%	-78.14%
Shares Outstanding (Basic)	179	179	179	183	194	195
Shares Outstanding (Diluted)	179	179	179	183	194	195
Shares Change (YoY)	-0.15%	0.00%	-2.57%	-5.62%	-0.50%	-1.24%
EPS (Basic)	6.73	4.28	-0.42	3.34	10.90	2.21
EPS (Diluted)	6.73	4.28	-0.42	3.34	10.90	2.21
EPS Growth	402.49%	-	-	-69.36%	392.51%	-77.87%
Free Cash Flow	805	2,491	2,187	-983	2,698	1,118
Free Cash Flow Per Share	4.51	13.95	12.25	-5.36	13.89	5.73
Dividend Per Share	2.000	2.000	0.700	0.700	3.300	3.000
Dividend Growth	185.71%	185.71%	-	-78.79%	10.00%	-
Gross Margin	51.22%	50.78%	47.52%	47.28%	50.70%	50.02%
Operating Margin	7.33%	5.59%	1.31%	3.03%	9.40%	4.02%
Profit Margin	4.91%	3.23%	-0.35%	2.72%	9.96%	2.34%
Free Cash Flow Margin	3.28%	10.52%	10.21%	-4.37%	12.71%	6.07%
EBITDA	2,326	1,853	785	1,213	2,512	1,192
EBITDA Margin	9.49%	7.82%	3.66%	5.39%	11.83%	6.47%
D&A For EBITDA	530	530	505	531	517	451
EBIT	1,796	1,323	280	682	1,995	741
EBIT Margin	7.33%	5.59%	1.31%	3.03%	9.40%	4.02%
Effective Tax Rate	23.89%	26.49%	187.88%	34.54%	19.44%	20.21%

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