The Swatch Group AG Income Statement

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

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,349	6,735	7,888	7,499	7,313	5,595
Revenue Growth (YoY)	-13.19%	-14.62%	5.19%	2.54%	30.71%	-32.12%
Cost of Revenue	1,108	1,132	1,177	1,309	1,505	1,347
Gross Profit	5,241	5,603	6,711	6,190	5,808	4,248
Selling, General & Admin	2,968	3,057	3,107	2,918	2,744	2,508
Amortization of Goodwill & Intangibles	45	48	44	41	41	43
Other Operating Expenses	1,683	1,826	2,023	1,707	1,605	1,225
Operating Expenses	5,071	5,297	5,520	5,031	4,786	4,196
Operating Income	170	306	1,191	1,159	1,022	52
Interest Expense	-3	-3	-4	-3	-5	-3
Interest & Investment Income	34	34	41	26	15	17
Earnings From Equity Investments	3	-2	-1	-21	-9	-10
Currency Exchange Gain (Loss)	-5	-5	-91	-37	-19	-19
Other Non Operating Income (Expenses)	-24	-2	-1	-4	-4	-4
EBT Excluding Unusual Items	175	328	1,135	1,120	1,000	33
Gain (Loss) on Sale of Investments	19	19	17	-23	12	3
Asset Writedown	-2	-2	-	-1	-1	-
Pretax Income	192	345	1,152	1,096	1,011	36
Income Tax Expense	103	126	262	273	237	89
Earnings From Continuing Operations	89	219	890	823	774	-53
Minority Interest in Earnings	-29	-26	-21	-16	-9	2
Net Income	60	193	869	807	765	-51
Net Income to Common	60	193	869	807	765	-51
Net Income Growth	-88.44%	-77.79%	7.68%	5.49%	-	-
Shares Outstanding (Basic)	-	52	52	52	52	52
Shares Outstanding (Diluted)	-	52	52	52	52	52
Shares Change (YoY)	-	-0.33%	0.07%	0.08%	0.14%	0.39%
EPS (Basic)	-	3.73	16.76	15.57	14.77	-0.99
EPS (Diluted)	-	3.73	16.75	15.56	14.76	-0.99
EPS Growth	-	-77.72%	7.61%	5.41%	-	-
Free Cash Flow	-32	-170	-115	385	1,047	611
Free Cash Flow Per Share	-	-3.29	-2.22	7.42	20.21	11.81
Dividend Per Share	4.500	4.500	6.500	6.000	5.500	3.500
Dividend Growth	-30.77%	-30.77%	8.33%	9.09%	57.14%	-36.36%
Gross Margin	82.55%	83.19%	85.08%	82.54%	79.42%	75.92%
Operating Margin	2.68%	4.54%	15.10%	15.46%	13.98%	0.93%
Profit Margin	0.95%	2.87%	11.02%	10.76%	10.46%	-0.91%
Free Cash Flow Margin	-0.50%	-2.52%	-1.46%	5.13%	14.32%	10.92%
EBITDA	546	676	1,542	1,530	1,422	476
EBITDA Margin	8.60%	10.04%	19.55%	20.40%	19.45%	8.51%
D&A For EBITDA	376	370	351	371	400	424
EBIT	170	306	1,191	1,159	1,022	52
EBIT Margin	2.68%	4.54%	15.10%	15.46%	13.98%	0.93%
Effective Tax Rate	53.65%	36.52%	22.74%	24.91%	23.44%	247.22%

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