Nestlé Income Statement

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

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	90,537	91,354	92,998	94,424	87,088	84,343
Other Revenue	362	366	353	356	382	338
Revenue	90,899	91,720	93,351	94,780	87,470	84,681
Revenue Growth (YoY)	-1.31%	-1.75%	-1.51%	8.36%	3.29%	-8.81%
Cost of Revenue	48,489	48,670	50,328	51,745	45,468	42,971
Gross Profit	42,410	43,050	43,023	43,035	42,002	41,710
Selling, General & Admin	25,689	25,731	25,365	25,291	25,311	25,354
Research & Development	1,623	1,667	1,656	1,696	1,670	1,576
Other Operating Expenses	175	79	344	400	381	495
Operating Expenses	27,487	27,477	27,365	27,387	27,362	27,425
Operating Income	14,923	15,573	15,658	15,648	14,640	14,285
Interest Expense	-1,704	-1,700	-1,500	-1,124	-815	-831
Interest & Investment Income	258	269	192	140	42	77
Earnings From Equity Investments	1,208	1,249	1,120	1,040	8,651	1,815
Other Non Operating Income (Expenses)	-2	-2	-1	-1	-2	3
EBT Excluding Unusual Items	14,683	15,389	15,469	15,703	22,516	15,349
Merger & Restructuring Charges	-271	-328	-750	-319	-366	-265
Impairment of Goodwill	-	-	-	-71	-353	-402
Gain (Loss) on Sale of Assets	-3	-57	-232	-68	318	1,763
Asset Writedown	-479	-580	-647	-2,655	-2,261	-309
Legal Settlements	-323	-193	-173	-400	-561	-239
Other Unusual Items	198	257	156	136	164	-160
Pretax Income	13,805	14,488	13,823	12,326	19,457	15,737
Income Tax Expense	3,239	3,314	2,314	2,730	2,261	3,365
Earnings From Continuing Operations	10,566	11,174	11,509	9,596	17,196	12,372
Minority Interest in Earnings	-261	-290	-300	-326	-291	-140
Net Income	10,305	10,884	11,209	9,270	16,905	12,232
Net Income to Common	10,305	10,884	11,209	9,270	16,905	12,232
Net Income Growth	-8.02%	-2.90%	20.92%	-45.16%	38.20%	-2.99%
Shares Outstanding (Basic)	2,578	2,596	2,646	2,707	2,788	2,845
Shares Outstanding (Diluted)	2,579	2,599	2,648	2,709	2,791	2,849
Shares Change (YoY)	-1.65%	-1.85%	-2.25%	-2.94%	-2.04%	-2.90%
EPS (Basic)	4.00	4.19	4.24	3.42	6.06	4.30
EPS (Diluted)	4.00	4.19	4.23	3.42	6.06	4.29
EPS Growth	-6.38%	-0.95%	23.68%	-43.56%	41.26%	-0.23%
Free Cash Flow	9,342	11,037	10,227	6,812	8,984	10,301
Free Cash Flow Per Share	3.62	4.25	3.86	2.52	3.22	3.62
Dividend Per Share	3.050	3.050	3.000	2.950	2.800	2.750
Dividend Growth	1.67%	1.67%	1.70%	5.36%	1.82%	1.85%
Gross Margin	46.66%	46.94%	46.09%	45.41%	48.02%	49.25%
Operating Margin	16.42%	16.98%	16.77%	16.51%	16.74%	16.87%
Profit Margin	11.34%	11.87%	12.01%	9.78%	19.33%	14.45%
Free Cash Flow Margin	10.28%	12.03%	10.96%	7.19%	10.27%	12.16%
EBITDA	17,561	18,177	18,156	18,238	17,145	16,826
EBITDA Margin	19.32%	19.82%	19.45%	19.24%	19.60%	19.87%
D&A For EBITDA	2,638	2,604	2,498	2,590	2,505	2,541
EBIT	14,923	15,573	15,658	15,648	14,640	14,285
EBIT Margin	16.42%	16.98%	16.77%	16.51%	16.74%	16.87%
Effective Tax Rate	23.46%	22.87%	16.74%	22.15%	11.62%	21.38%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.