ADM Income Statement

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

Millions USD. 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	80,269	85,530	93,935	101,556	85,249
Revenue Growth (YoY)	-6.15%	-8.95%	-7.50%	19.13%	32.47%
Cost of Revenue	75,236	79,752	86,422	93,986	79,262
Gross Profit	5,033	5,778	7,513	7,570	5,987
Selling, General & Admin	3,591	3,683	3,432	3,290	3,067
Other Operating Expenses	-	-	-	21	11
Operating Expenses	3,591	3,683	3,432	3,399	3,110
Operating Income	1,442	2,095	4,081	4,171	2,877
Interest Expense	-612	-706	-647	-396	-265
Interest & Investment Income	118	562	499	293	47
Earnings From Equity Investments	648	621	551	832	595
Currency Exchange Gain (Loss)	-144	142	43	194	189
Other Non Operating Income (Expenses)	353	113	14	75	-79
EBT Excluding Unusual Items	1,805	2,827	4,541	5,169	3,364
Merger & Restructuring Charges	-283	-26	-33	-29	-39
Impairment of Goodwill	-	-	-137	-	-6
Gain (Loss) on Sale of Investments	-	-461	-	-	49
Gain (Loss) on Sale of Assets	-77	-27	-38	78	100
Asset Writedown	-190	-58	-172	-37	-119
Other Unusual Items	-	-	-	52	-36
Pretax Income	1,255	2,255	4,294	5,233	3,313
Income Tax Expense	182	476	828	868	578
Earnings From Continuing Operations	1,073	1,779	3,466	4,365	2,735
Minority Interest in Earnings	5	21	17	-25	-26
Net Income	1,078	1,800	3,483	4,340	2,709
Net Income to Common	1,078	1,800	3,483	4,340	2,709
Net Income Growth	-40.11%	-48.32%	-19.75%	60.21%	52.88%
Shares Outstanding (Basic)	484	492	541	562	564
Shares Outstanding (Diluted)	484	493	542	563	566
Shares Change (YoY)	-1.83%	-9.04%	-3.73%	-0.53%	0.18%
EPS (Basic)	2.23	3.66	6.44	7.72	4.80
EPS (Diluted)	2.23	3.65	6.43	7.71	4.79
EPS Growth	-38.98%	-43.23%	-16.60%	60.96%	52.06%
Free Cash Flow	4,204	1,227	2,966	2,159	5,426
Free Cash Flow Per Share	8.69	2.49	5.47	3.83	9.59
Dividend Per Share	2.040	2.000	1.800	1.600	1.480
Dividend Growth	2.00%	11.11%	12.50%	8.11%	2.78%
Gross Margin	6.27%	6.75%	8.00%	7.45%	7.02%
Operating Margin	1.80%	2.45%	4.34%	4.11%	3.38%
Profit Margin	1.34%	2.10%	3.71%	4.27%	3.18%
Free Cash Flow Margin	5.24%	1.44%	3.16%	2.13%	6.37%
EBITDA	2,521	3,147	5,068	5,130	3,840
EBITDA Margin	3.14%	3.68%	5.39%	5.05%	4.50%
D&A For EBITDA	1,079	1,052	987	959	963
EBIT	1,442	2,095	4,081	4,171	2,877
EBIT Margin	1.80%	2.45%	4.34%	4.11%	3.38%
Effective Tax Rate	14.50%	21.11%	19.28%	16.59%	17.45%

Updated Feb 3, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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