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	106,464	109,179	115,139	110,183	93,961
Gross Profit	121,821	125,299	120,896	113,370	105,006
Selling, General & Admin	103,292	107,915	107,330	105,932	89,751
Other Operating Expenses	134	78	-971	269	-
Total Operating Expenses	103,426	107,993	106,359	106,201	89,751
Operating Income	18,395	17,306	14,537	7,169	15,255
Interest Income	460	890	616	162	203
Interest Expense	-2,653	-2,753	-2,143	-1,115	-1,158
Total Non-Operating Income (Expense)	-2,193	-1,863	-1,527	-953	-955
Pretax Income	16,202	15,443	13,010	6,216	14,300
Provision for Income Taxes	4,117	3,859	4,287	2,650	3,290
Net Income	12,158	11,621	8,752	3,566	11,010
Minority Interest in Earnings	-73	-37	-29	-	-
Net Income to Common	12,158	11,621	8,752	3,566	11,010
Net Income Growth	4.62%	32.78%	145.43%	-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	5.13%	34.26%	148.61%	-67.52%	786.67%
Free Cash Flow	21,880	21,696	25,963	20,218	41,892
Free Cash Flow Growth	0.85%	-16.43%	28.42%	-51.74%	87.91%
Free Cash Flow Per Share	13.64	13.46	15.94	12.25	25.31
Dividends Per Share	7.100	6.800	6.500	6.500	6.500
Dividend Growth	4.41%	4.61%	-	-	-
Gross Margin	53.36%	53.44%	51.22%	50.71%	52.78%
Operating Margin	8.06%	7.38%	6.16%	3.21%	7.67%
Profit Margin	5.29%	4.94%	3.70%	1.60%	5.53%
FCF Margin	9.58%	9.25%	11.00%	9.04%	21.05%
EBITDA	39,535	39,558	37,492	29,748	37,575
EBITDA Margin	17.32%	16.87%	15.88%	13.31%	18.89%
EBIT	18,395	17,306	14,537	7,169	15,255
EBIT Margin	8.06%	7.38%	6.16%	3.21%	7.67%
Effective Tax Rate	25.41%	24.99%	32.95%	42.63%	23.01%

Updated Nov 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.