Nestlé Income Statement

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

Millions CHF. 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
Operating Revenue	89,490	91,354	92,998	94,424	87,088
Other Revenue	395	366	353	356	382
Revenue	89,885	91,720	93,351	94,780	87,470
Revenue Growth (YoY)	-2.00%	-1.75%	-1.51%	8.36%	3.29%
Cost of Revenue	48,694	48,670	50,328	51,745	45,468
Gross Profit	41,191	43,050	43,023	43,035	42,002
Selling, General & Admin	25,229	25,731	25,365	25,291	25,311
Research & Development	1,613	1,667	1,656	1,696	1,670
Other Operating Expenses	443	96	344	400	381
Operating Expenses	27,285	27,494	27,365	27,387	27,362
Operating Income	13,906	15,556	15,658	15,648	14,640
Interest Expense	-1,683	-1,700	-1,500	-1,124	-815
Interest & Investment Income	200	269	192	140	42
Earnings From Equity Investments	1,143	1,249	1,120	1,040	8,651
Other Non Operating Income (Expenses)	-3	-2	-1	-1	-2
EBT Excluding Unusual Items	13,563	15,372	15,469	15,703	22,516
Merger & Restructuring Charges	-306	-311	-750	-319	-366
Impairment of Goodwill	-	-	-	-71	-353
Gain (Loss) on Sale of Assets	-202	-57	-232	-68	318
Asset Writedown	-923	-580	-647	-2,655	-2,261
Legal Settlements	-363	-193	-173	-400	-561
Other Unusual Items	125	257	156	136	164
Pretax Income	11,894	14,488	13,823	12,326	19,457
Income Tax Expense	2,640	3,314	2,314	2,730	2,261
Earnings From Continuing Operations	9,254	11,174	11,509	9,596	17,196
Minority Interest in Earnings	-221	-290	-300	-326	-291
Net Income	9,033	10,884	11,209	9,270	16,905
Net Income to Common	9,033	10,884	11,209	9,270	16,905
Net Income Growth	-17.01%	-2.90%	20.92%	-45.16%	38.20%
Shares Outstanding (Basic)	2,573	2,596	2,646	2,707	2,788
Shares Outstanding (Diluted)	2,576	2,599	2,648	2,709	2,791
Shares Change (YoY)	-0.89%	-1.85%	-2.25%	-2.94%	-2.04%
EPS (Basic)	3.51	4.19	4.24	3.42	6.06
EPS (Diluted)	3.51	4.19	4.23	3.42	6.06
EPS Growth	-16.23%	-0.95%	23.68%	-43.56%	41.26%
Free Cash Flow	11,377	11,037	10,227	6,812	8,984
Free Cash Flow Per Share	4.42	4.25	3.86	2.52	3.22
Dividend Per Share	3.100	3.050	3.000	2.950	2.800
Dividend Growth	1.64%	1.67%	1.70%	5.36%	1.82%
Gross Margin	45.83%	46.94%	46.09%	45.41%	48.02%
Operating Margin	15.47%	16.96%	16.77%	16.51%	16.74%
Profit Margin	10.05%	11.87%	12.01%	9.78%	19.33%
Free Cash Flow Margin	12.66%	12.03%	10.96%	7.19%	10.27%
EBITDA	16,652	18,160	18,156	18,238	17,145
EBITDA Margin	18.53%	19.80%	19.45%	19.24%	19.60%
D&A For EBITDA	2,746	2,604	2,498	2,590	2,505
EBIT	13,906	15,556	15,658	15,648	14,640
EBIT Margin	15.47%	16.96%	16.77%	16.51%	16.74%
Effective Tax Rate	22.20%	22.87%	16.74%	22.15%	11.62%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.