BAE Systems

BA · LSE · GBp

1,921.00 GBp−1.13%−22.00 GBp

Close · October 2, 2026

At a glance

Revenue growth: +7.69%; 2025 vs 2024
Net income growth: +5.42%; 2025 vs 2024
Net margin: 7.3%; 2024: 7.4%

Financial data

Amounts in millions of GBP; per-share values in GBP; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total revenue	14,615	14,765	13,571	13,835	12,477	12,081	10,997	11,519	9,739	10,182
Cost of revenue	13,301	12,167	12,425	11,468	11,418	10,153	9,926	9,668	8,816	8,543
Gross profit	1,314	2,598	1,146	2,367	1,059	1,928	1,071	1,851	923	1,639
Selling, general and administrative	-28.0	7.0	-26.0	21.0	-6.0	8.0	-19.0	18.0	19.0	32.0
Operating income	1,413	1,498	1,252	1,249	1,224	1,169	1,192	1,120	962	767
EBIT	1,413	1,498	1,252	1,249	1,224	1,169	1,192	1,120	962	767
EBITDA	1,995	1,758	1,830	1,526	1,725	1,244	1,578	1,198	1,323	810
Interest expense	246	242	262	291	264	180	159	152	117	139
Pre-tax income	1,283	1,383	1,189	1,169	1,163	1,128	1,198	1,210	779	959
Income tax	229	243	178	116	175	193	193	183	132	149
Net income	1,020	1,093	969	1,008	948	892	965	976	615	758
Net income to common shareholders	1,020	1,093	969	1,008	948	892	965	976	615	758
Basic EPS	0.34	0.36	0.32	0.33	0.31	0.30	0.32	0.32	0.20	0.24
Diluted EPS	0.34	0.36	0.32	0.33	0.31	0.29	0.31	0.31	0.19	0.24
Average shares (basic)	2,993	2,995	2,999	3,010	3,016	3,023	3,039	3,093	3,131	3,174
Average shares (diluted)	3,018	3,034	3,028	3,052	3,054	3,068	3,076	3,143	3,163	3,203
Dividend per share	0.15	0.23	0.14	0.21	0.12	0.19	0.12	0.17	0.10	0.15