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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 6,743 | 6,592 | 6,076 | 6,630 | 5,952 | 6,153 | 5,965 | 6,438 | 5,822 | 5,458 | 4,811 | 5,999 |
| Cost of revenue | 3,203 | 3,223 | 2,988 | 3,195 | 2,875 | 2,948 | 2,996 | 3,137 | 2,863 | 2,662 | 2,665 | 3,044 |
| Gross profit | 3,540 | 3,369 | 3,088 | 3,435 | 3,077 | 3,205 | 2,969 | 3,301 | 2,959 | 2,796 | 2,146 | 2,955 |
| Selling, general and administrative | 2,983 | 2,683 | 2,936 | 2,741 | 2,549 | 2,616 | 2,962 | 2,838 | 2,637 | 2,479 | 2,395 | 2,570 |
| Operating income | 574 | 706 | 160 | 736 | 547 | 609 | -30.0 | 596 | 347 | 336 | -366 | 410 |
| EBIT | 574 | 706 | 160 | 736 | 547 | 609 | -30.0 | 596 | 347 | 336 | -366 | 410 |
| EBITDA | 858 | 827 | 281 | 1,012 | 825 | 891 | 103 | 906 | 634 | 609 | -240 | 733 |
| Interest expense | 58.0 | 70.0 | 5.0 | 98.0 | 67.0 | 59.0 | 34.0 | 25.0 | 62.0 | 115 | 22.0 | 115 |
| Pre-tax income | 531 | 645 | 96.0 | 650 | 488 | 585 | -28.0 | 602 | 305 | 245 | -415 | 325 |
| Income tax | 133 | 161 | 12.0 | 169 | 114 | 149 | -2.0 | 133 | 93.0 | 74.0 | -14.0 | 55.0 |
| Net income | 355 | 482 | 81.0 | 461 | 369 | 428 | -39.0 | 443 | 190 | 170 | -379 | 259 |
| Net income to common shareholders | 355 | 482 | 81.0 | 461 | 369 | 428 | -39.0 | 443 | 190 | 170 | -379 | 259 |
| Basic EPS | 2.02 | 2.72 | 0.45 | 2.58 | 2.07 | 2.40 | -0.22 | 2.48 | 1.06 | 0.95 | -2.12 | 1.45 |
| Diluted EPS | 2.02 | 2.72 | 0.45 | 2.58 | 2.07 | 2.40 | -0.22 | 2.48 | 1.06 | 0.95 | -2.13 | 1.45 |
| Average shares (basic) | 176 | 177 | 179 | 179 | 178 | 179 | 179 | 179 | 179 | 179 | 179 | 179 |
| Average shares (diluted) | 176 | 177 | 179 | 179 | 178 | 179 | 179 | 179 | 179 | 179 | 179 | 179 |
| Dividend per share | — | — | 2.80 | — | — | — | 2.00 | — | — | — | 0.70 | — |