adidas revenue and financials
€146.60Change from previous close: +1.00%Absolute change: +€1.45
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 994 | -350 | 1,026 | 641 | 18.0 | -934 | 1,186 | 956 | 948 | -180 | 980 | 1,105 |
| Depreciation and amortization | 288 | 280 | 285 | 276 | 278 | 282 | 300 | 310 | 287 | 273 | 193 | 323 |
| Capital expenditure | -99.0 | -72.0 | -150 | -90.0 | -79.0 | -44.0 | -206 | -92.0 | -83.0 | -38.0 | -170 | -82.0 |
| Investing cash flow | -30.0 | -44.0 | -238 | -106 | -99.0 | 39.0 | -176 | -106 | 8.0 | -82.0 | -194 | -169 |
| Financing cash flow | -690 | -359 | -208 | -252 | -532 | -111 | -371 | -699 | -391 | -98.0 | -294 | -994 |
| Dividends paid | — | — | 0.0 | 0.0 | -357 | — | — | — | -125 | — | — | — |
| Share repurchases | -30.0 | -509 | -22.0 | -7.0 | -7.0 | -7.0 | -7.0 | -7.0 | -6.0 | -15.0 | -8.0 | -7.0 |
| Debt issued | — | — | 584 | -53.0 | 25.0 | 108 | -63.0 | 7.0 | -57.0 | 116 | -66.0 | -308 |
| Debt repaid | — | — | -660 | -154 | -155 | -174 | -164 | -671 | -166 | -155 | -136 | -646 |
| Effect of exchange rates | 13.0 | 9.0 | 7.0 | -21.0 | -51.0 | -17.0 | 36.0 | -31.0 | 9.0 | 15.0 | -13.0 | 13.0 |
| Net change in cash | 274 | -753 | 586 | 263 | -664 | -1,023 | 674 | 121 | 574 | -345 | 477 | -39.0 |
| Free cash flow | 895 | -422 | 876 | 551 | -61.0 | -978 | 980 | 864 | 865 | -218 | 810 | 1,023 |
| Levered free cash flow | — | — | 824 | -256 | 657 | -895 | 752 | 747 | 791 | -514 | 949 | 769 |