Kenvue Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Revenue	15,124	15,455	15,444	14,950	15,054
Revenue Growth (YoY)	-2.14%	0.07%	3.30%	-0.69%	4.06%
Cost of Revenue	6,296	6,469	6,801	6,665	6,587
Gross Profit	8,828	8,986	8,643	8,285	8,467
Selling, General & Admin	6,054	6,317	6,140	5,640	5,424
Other Operating Expenses	-11	22	9	-36	-100
Operating Expenses	6,043	6,339	6,149	5,604	5,324
Operating Income	2,785	2,647	2,494	2,681	3,143
Interest Expense	-430	-431	-358	-	-
Interest & Investment Income	51	53	108	-	-
Currency Exchange Gain (Loss)	-46	-1	-58	-42	-20
Other Non Operating Income (Expenses)	18	7	2	10	33
EBT Excluding Unusual Items	2,378	2,275	2,188	2,649	3,156
Merger & Restructuring Charges	-368	-227	-	-	-117
Gain (Loss) on Sale of Investments	-	-72	-7	1	-
Gain (Loss) on Sale of Assets	17	-	-	-8	-22
Asset Writedown	-23	-578	-	-12	-
Legal Settlements	-5	-4	-26	7	-92
Other Unusual Items	-	21	35	-	-
Pretax Income	1,999	1,415	2,190	2,637	2,925
Income Tax Expense	529	385	526	573	847
Net Income	1,470	1,030	1,664	2,064	2,078
Net Income to Common	1,470	1,030	1,664	2,064	2,078
Net Income Growth	42.72%	-38.10%	-19.38%	-0.67%	-
Shares Outstanding (Basic)	1,917	1,915	1,846	1,716	1,716
Shares Outstanding (Diluted)	1,924	1,923	1,850	1,716	1,716
Shares Change (YoY)	0.05%	3.95%	7.81%	-0.01%	-
EPS (Basic)	0.77	0.54	0.90	1.20	1.21
EPS (Diluted)	0.76	0.54	0.90	1.20	1.21
EPS Growth	41.30%	-40.24%	-25.00%	-0.83%	-
Free Cash Flow	1,722	1,329	2,699	2,150	39
Free Cash Flow Per Share	0.90	0.69	1.46	1.25	0.02
Dividend Per Share	0.825	0.810	0.400	-	-
Dividend Growth	1.85%	102.50%	-	-	-
Gross Margin	58.37%	58.14%	55.96%	55.42%	56.24%
Operating Margin	18.41%	17.13%	16.15%	17.93%	20.88%
Profit Margin	9.72%	6.67%	10.77%	13.81%	13.80%
Free Cash Flow Margin	11.39%	8.60%	17.48%	14.38%	0.26%
EBITDA	3,243	3,124	3,121	3,325	3,874
EBITDA Margin	21.44%	20.21%	20.21%	22.24%	25.73%
D&A For EBITDA	458	477	627	644	731
EBIT	2,785	2,647	2,494	2,681	3,143
EBIT Margin	18.41%	17.13%	16.15%	17.93%	20.88%
Effective Tax Rate	26.46%	27.21%	24.02%	21.73%	28.96%
Advertising Expenses	1,836	1,869	1,577	1,356	1,461

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