The Swatch Group AG Income Statement

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

Millions CHF. 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	6,280	6,735	7,888	7,499	7,313
Revenue Growth (YoY)	-6.76%	-14.62%	5.19%	2.54%	30.71%
Cost of Revenue	1,118	1,132	1,177	1,309	1,505
Gross Profit	5,162	5,603	6,711	6,190	5,808
Selling, General & Admin	2,910	3,057	3,107	2,918	2,744
Amortization of Goodwill & Intangibles	46	48	44	41	41
Other Operating Expenses	1,694	1,826	2,023	1,707	1,605
Operating Expenses	5,027	5,297	5,520	5,031	4,786
Operating Income	135	306	1,191	1,159	1,022
Interest Expense	-4	-3	-4	-3	-5
Interest & Investment Income	24	34	41	26	15
Earnings From Equity Investments	8	-2	-1	-21	-9
Currency Exchange Gain (Loss)	-34	-5	-91	-37	-19
Other Non Operating Income (Expenses)	6	-2	-1	-4	-4
EBT Excluding Unusual Items	135	328	1,135	1,120	1,000
Gain (Loss) on Sale of Investments	23	19	17	-23	12
Asset Writedown	-	-2	-	-1	-1
Pretax Income	158	345	1,152	1,096	1,011
Income Tax Expense	133	126	262	273	237
Earnings From Continuing Operations	25	219	890	823	774
Minority Interest in Earnings	-22	-26	-21	-16	-9
Net Income	3	193	869	807	765
Net Income to Common	3	193	869	807	765
Net Income Growth	-98.45%	-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)	0.42%	-0.33%	0.07%	0.08%	0.14%
EPS (Basic)	0.06	3.73	16.76	15.57	14.77
EPS (Diluted)	0.06	3.73	16.75	15.56	14.76
EPS Growth	-98.45%	-77.72%	7.61%	5.41%	-
Free Cash Flow	98	-170	-115	385	1,047
Free Cash Flow Per Share	1.89	-3.29	-2.22	7.42	20.21
Dividend Per Share	4.500	4.500	6.500	6.000	5.500
Dividend Growth	-	-30.77%	8.33%	9.09%	57.14%
Gross Margin	82.20%	83.19%	85.08%	82.54%	79.42%
Operating Margin	2.15%	4.54%	15.10%	15.46%	13.98%
Profit Margin	0.05%	2.87%	11.02%	10.76%	10.46%
Free Cash Flow Margin	1.56%	-2.52%	-1.46%	5.13%	14.32%
EBITDA	515	676	1,542	1,530	1,422
EBITDA Margin	8.20%	10.04%	19.55%	20.40%	19.45%
D&A For EBITDA	380	370	351	371	400
EBIT	135	306	1,191	1,159	1,022
EBIT Margin	2.15%	4.54%	15.10%	15.46%	13.98%
Effective Tax Rate	84.18%	36.52%	22.74%	24.91%	23.44%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.