Marks and Spencer Group Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 27, 2025	Mar '25 Mar 29, 2025	Mar '24 Mar 30, 2024	Apr '23 Apr 1, 2023	Apr '22 Apr 2, 2022	Apr '21 Apr 3, 2021
Revenue	15,278	13,817	13,040	11,931	10,885	9,156
Revenue Growth (YoY)	14.13%	5.96%	9.29%	9.61%	18.89%	-10.08%
Cost of Revenue	9,345	9,345	8,846	7,898	7,270	6,426
Gross Profit	5,933	4,472	4,194	4,033	3,616	2,730
Selling, General & Admin	3,038	3,038	2,715	2,798	2,371	1,775
Other Operating Expenses	1,708	-49.5	-23.6	-16.9	-45.5	-12.4
Operating Expenses	5,487	3,730	3,263	3,353	2,912	2,555
Operating Income	446.2	741.9	931	680.5	703.9	174.9
Interest Expense	-172.9	-157.2	-163.2	-186.6	-205.4	-221.1
Interest & Investment Income	55.6	60.6	58	28.5	9.2	8.4
Earnings From Equity Investments	-21.1	-43.6	-79.9	-43.5	-18.6	64.2
Other Non Operating Income (Expenses)	-16	-11	-12.9	-10.9	1.3	-1.5
EBT Excluding Unusual Items	291.8	590.7	733	468	490.4	24.9
Merger & Restructuring Charges	14.4	-	-109.9	-	-	-
Asset Writedown	-71.3	-71.3	-0.1	-2.9	-	-
Legal Settlements	20.9	-	-	-	-	-
Other Unusual Items	-132.5	-7.6	49.5	10.6	-98.7	-234.3
Pretax Income	123.3	511.8	672.5	475.7	391.7	-209.4
Income Tax Expense	121.8	219.9	247.3	111.2	82.7	-8.2
Earnings From Continuing Operations	1.5	291.9	425.2	364.5	309	-201.2
Minority Interest in Earnings	18.3	3.8	6	-1.1	-2.4	3.2
Net Income	19.8	295.7	431.2	363.4	306.6	-198
Net Income to Common	19.8	295.7	431.2	363.4	306.6	-198
Net Income Growth	-96.08%	-31.42%	18.66%	18.53%	-	-
Shares Outstanding (Basic)	2,027	2,022	1,973	1,964	1,958	1,954
Shares Outstanding (Diluted)	2,116	2,111	2,076	2,034	2,031	1,969
Shares Change (YoY)	1.36%	1.68%	2.07%	0.14%	3.18%	3.30%
EPS (Basic)	0.01	0.15	0.22	0.19	0.16	-0.10
EPS (Diluted)	0.01	0.14	0.21	0.18	0.15	-0.10
EPS Growth	-96.10%	-32.69%	16.20%	18.54%	-	-
Free Cash Flow	673.8	904.6	942.2	704.1	1,185	712
Free Cash Flow Per Share	0.32	0.43	0.45	0.35	0.58	0.36
Dividend Per Share	0.038	0.036	0.030	-	-	-
Dividend Growth	26.67%	20.00%	-	-	-	-
Gross Margin	38.83%	32.37%	32.16%	33.80%	33.22%	29.81%
Operating Margin	2.92%	5.37%	7.14%	5.70%	6.47%	1.91%
Profit Margin	0.13%	2.14%	3.31%	3.05%	2.82%	-2.16%
Free Cash Flow Margin	4.41%	6.55%	7.22%	5.90%	10.89%	7.78%
EBITDA	774.9	1,008	1,207	991.6	995	487.2
EBITDA Margin	5.07%	7.30%	9.25%	8.31%	9.14%	5.32%
D&A For EBITDA	328.7	266.4	275.7	311.1	291.1	312.3
EBIT	446.2	741.9	931	680.5	703.9	174.9
EBIT Margin	2.92%	5.37%	7.14%	5.70%	6.47%	1.91%
Effective Tax Rate	98.78%	42.97%	36.77%	23.38%	21.11%	-

Updated Sep 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.