SHEIN Global Holdings 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	41,847	38,748	32,103
Revenue Growth	8.00%	20.70%	-
Cost of Revenue	13,433	15,249	12,777
Gross Profit	28,414	23,499	19,326
Selling, General & Admin	26,707	22,533	17,950
Operating Expenses	26,707	22,533	17,950
Operating Income	1,707	966	1,376
Interest Expense	-56	-44	-25
Interest & Investment Income	621	597	472
Earnings From Equity Investments	3	-171	-36
Currency Exchange Gain (Loss)	-95	-55	-34
Other Non Operating Income (Expenses)	332	2,419	1,242
EBT Excluding Unusual Items	2,512	3,712	2,995
Gain (Loss) on Sale of Investments	2	57	-
Pretax Income	2,514	3,769	2,995
Income Tax Expense	450	404	206
Net Income	2,064	3,365	2,789
Net Income to Common	2,064	3,365	2,789
Net Income Growth	-38.66%	20.65%	-
Shares Outstanding (Basic)	2,568	2,567	2,547
Shares Outstanding (Diluted)	4,078	4,074	4,002
Shares Change	0.11%	1.80%	-
EPS (Basic)	0.80	1.31	1.10
EPS (Diluted)	0.43	0.23	0.39
EPS Growth	85.67%	-41.11%	-

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	2,616	1,120	1,567
Free Cash Flow Per Share	0.64	0.28	0.39
Gross Margin	67.90%	60.65%	60.20%
Operating Margin	4.08%	2.49%	4.29%
Profit Margin	4.93%	8.68%	8.69%
Free Cash Flow Margin	6.25%	2.89%	4.88%
EBITDA	1,858	1,090	1,434
EBITDA Margin	4.44%	2.81%	4.47%
D&A For EBITDA	151	124	58
EBIT	1,707	966	1,376
EBIT Margin	4.08%	2.49%	4.29%
Effective Tax Rate	17.90%	10.72%	6.88%