adidas revenue and financials
€145.15Change from previous close: +2.00%Absolute change: +€2.85
In the fiscal year ended December 2025, adidas reported revenue of €24.81B (+4.76% year over year). Net income was €1.34B, a net margin of 5.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +4.76%
- 2025 vs 2024
- Net income growth
- +75.39%
- 2025 vs 2024
- Net margin
- 5.4%
- 2024: 3.2%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 751 | 2,910 | 2,550 | -479 | 3,192 |
| Depreciation and amortization | 1,121 | 1,170 | 1,095 | 1,221 | 1,142 |
| Capital expenditure | -363 | -419 | -363 | -504 | -494 |
| Investing cash flow | -404 | -356 | -451 | 495 | -424 |
| Financing cash flow | -1,103 | -1,559 | -1,425 | -2,963 | -2,991 |
| Dividends paid | -357 | -125 | -125 | -610 | -585 |
| Share repurchases | -43.0 | -35.0 | -29.0 | -2,530 | -1,032 |
| Debt issued | 664 | 3.0 | 3.0 | 994 | — |
| Debt repaid | -1,143 | -1,156 | -1,103 | -649 | -1,251 |
| Effect of exchange rates | -82.0 | 29.0 | -40.0 | -39.0 | 57.0 |
| Net change in cash | -838 | 1,024 | 633 | -3,030 | -166 |
| Free cash flow | 388 | 2,491 | 2,187 | -983 | 2,698 |
| Levered free cash flow | 330 | 1,786 | 2,117 | -180 | 555 |