adidas AG Income Statement

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

Millions EUR. 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
Revenue	24,811	23,683	21,427	22,511	21,234
Revenue Growth (YoY)	4.76%	10.53%	-4.81%	6.01%	15.18%
Cost of Revenue	12,006	11,658	11,244	11,867	10,469
Gross Profit	12,804	12,026	10,184	10,644	10,765
Selling, General & Admin	10,841	10,915	9,914	10,015	8,810
Other Operating Expenses	-92	-226	2	-40	-32
Operating Income	2,056	1,337	268	669	1,986
Interest Income	74	101	79	39	19
Interest Expense	-310	-317	-282	-320	-153
Total Non-Operating Income (Expense)	-236	-216	-203	-281	-134
Pretax Income	1,820	1,121	65	388	1,852
Provision for Income Taxes	443	297	124	134	360
Net Income	1,340	764	-75	612	2,116
Minority Interest in Earnings	45	68	61	26	42
Earnings From Discontinued Operations	8	8	44	384	666
Net Income to Common	1,340	764	-75	612	2,116
Net Income Growth	75.39%	-	-	-71.08%	389.81%
Shares Outstanding (Basic)	179	179	179	183	194
Shares Outstanding (Diluted)	179	179	179	183	194
Shares Change (YoY)	0.00%	0.00%	-2.57%	-5.62%	-0.50%
EPS (Basic)	7.51	4.28	-0.42	1.25	10.90
EPS (Diluted)	7.51	4.28	-0.42	1.25	10.90
EPS Growth	75.47%	-	-	-88.53%	393.21%
Shares Outstanding	178.67	-	-	-	-
Free Cash Flow	388	2,491	2,187	-983	2,698
Free Cash Flow Growth	-84.42%	13.90%	-	-	141.32%
Free Cash Flow Per Share	2.17	13.95	12.25	-5.36	13.89
Dividends Per Share	2.800	2.000	0.700	0.700	3.300
Dividend Growth	40.00%	185.71%	-	-78.79%	10.00%
Gross Margin	51.61%	50.78%	47.53%	47.28%	50.70%
Operating Margin	8.29%	5.65%	1.25%	2.97%	9.35%
Profit Margin	5.55%	3.48%	-0.27%	1.13%	7.03%
FCF Margin	1.56%	10.52%	10.21%	-4.37%	12.71%
EBITDA	3,191	2,517	1,438	2,040	3,101
EBITDA Margin	12.86%	10.63%	6.71%	9.06%	14.60%
EBIT	2,056	1,337	268	669	1,986
EBIT Margin	8.29%	5.65%	1.25%	2.97%	9.35%
Effective Tax Rate	24.34%	26.49%	190.77%	34.54%	19.44%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.