H & M Hennes & Mauritz AB Income Statement

Financials in millions SEK. Fiscal year is December - November.

Millions SEK. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	228,285	234,478	236,035	223,553	198,967
Revenue Growth (YoY)	-2.64%	-0.66%	5.58%	12.36%	6.38%
Cost of Revenue	106,392	109,179	115,139	110,183	93,961
Gross Profit	121,893	125,299	120,896	113,370	105,006
Selling, General & Admin	102,650	107,915	107,330	105,932	89,751
Operating Expenses	102,650	107,915	107,330	105,932	89,751
Operating Income	19,243	17,384	13,566	7,438	15,255
Interest Expense	-2,653	-2,753	-2,143	-1,115	-1,158
Interest & Investment Income	460	890	616	162	203
Earnings From Equity Investments	-134	-78	971	-269	-
EBT Excluding Unusual Items	16,916	15,443	13,010	6,216	14,300
Asset Writedown	-714	-	-	-	-
Pretax Income	16,202	15,443	13,010	6,216	14,300
Income Tax Expense	4,117	3,859	4,294	2,650	3,290
Earnings From Continuing Operations	12,085	11,584	8,716	3,566	11,010
Minority Interest in Earnings	73	37	29	-	-
Net Income	12,158	11,621	8,745	3,566	11,010
Net Income to Common	12,158	11,621	8,745	3,566	11,010
Net Income Growth	4.62%	32.89%	145.23%	-67.61%	785.76%
Shares Outstanding (Basic)	1,604	1,612	1,629	1,650	1,655
Shares Outstanding (Diluted)	1,604	1,612	1,629	1,650	1,655
Shares Change (YoY)	-0.47%	-1.07%	-1.26%	-0.32%	-
EPS (Basic)	7.58	7.21	5.37	2.16	6.65
EPS (Diluted)	7.58	7.21	5.37	2.16	6.65
EPS Growth	5.12%	34.32%	148.36%	-67.51%	785.76%
Free Cash Flow	21,880	21,696	25,963	20,218	41,892
Free Cash Flow Per Share	13.64	13.46	15.94	12.25	25.31
Dividend Per Share	7.100	6.800	6.500	6.500	6.500
Dividend Growth	4.41%	4.61%	-	-	-
Gross Margin	53.40%	53.44%	51.22%	50.71%	52.78%
Operating Margin	8.43%	7.41%	5.75%	3.33%	7.67%
Profit Margin	5.33%	4.96%	3.71%	1.59%	5.53%
Free Cash Flow Margin	9.59%	9.25%	11.00%	9.04%	21.05%
EBITDA	27,181	23,849	20,786	15,054	24,082
EBITDA Margin	11.91%	10.17%	8.81%	6.73%	12.10%
D&A For EBITDA	7,938	6,465	7,220	7,616	8,827
EBIT	19,243	17,384	13,566	7,438	15,255
EBIT Margin	8.43%	7.41%	5.75%	3.33%	7.67%
Effective Tax Rate	25.41%	24.99%	33.01%	42.63%	23.01%

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