British American Tobacco revenue and financials
Secondary listing. The primary listing is British American Tobacco · LSE (GBp)
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In the fiscal year ended December 2025, British American Tobacco reported revenue of £25.61B (−0.99% year over year). Net income was £7.76B, a net margin of 30.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −0.99%
- 2025 vs 2024
- Net income growth
- +153.06%
- 2025 vs 2024
- Net margin
- 30.3%
- 2024: 11.9%
Financial data
Amounts in millions of GBP; per-share values in GBP; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 25,610 | 25,867 | 27,283 | 27,655 | 25,684 | 25,776 | 25,877 | 24,492 | 19,564 | 14,130 |
| Cost of revenue | 4,443 | 4,570 | 4,891 | 4,579 | 4,597 | — | — | — | — | — |
| Gross profit | 21,167 | 21,297 | 22,392 | 23,076 | 21,087 | — | — | — | — | — |
| Selling, general and administrative | 4,200 | 3,951 | 3,856 | 3,829 | 3,808 | — | — | — | — | — |
| Research and development | 358 | 380 | 408 | 323 | 304 | 307 | 376 | 258 | 191 | 144 |
| Operating income | 9,997 | 2,736 | -15,751 | 10,523 | 10,234 | 9,962 | 9,016 | 9,313 | 6,412 | 4,655 |
| EBIT | 9,756 | 9,796 | -10,571 | 11,502 | 10,908 | — | — | — | — | — |
| EBITDA | 11,758 | 11,822 | 13,265 | 12,445 | 11,809 | — | — | — | — | — |
| Interest expense | 2,033 | 1,349 | 2,081 | 1,733 | 1,521 | 1,795 | 1,686 | 1,449 | 1,197 | 681 |
| Pre-tax income | 9,859 | 3,538 | -17,061 | 9,324 | 9,163 | — | — | — | — | — |
| Income tax | 2,094 | 357 | -2,872 | 2,478 | 2,189 | 2,108 | 2,063 | 2,141 | -8,129 | 1,406 |
| Net income | 7,764 | 3,068 | -14,367 | 6,666 | 6,801 | 6,400 | 5,704 | 6,032 | 37,485 | 4,648 |
| Net income to common shareholders | 7,677 | 3,026 | -14,412 | 6,617 | 6,789 | — | — | — | — | — |
| Basic EPS | 3.51 | 1.37 | -6.47 | 2.93 | 2.97 | 2.80 | 2.50 | 2.64 | 18.34 | 2.50 |
| Diluted EPS | 3.49 | 1.36 | -6.47 | 2.92 | 2.96 | 2.79 | 2.49 | 2.63 | 18.28 | 2.49 |
| Average shares (basic) | 2,187 | 2,214 | 2,229 | 2,256 | 2,287 | — | — | — | — | — |
| Average shares (diluted) | 2,199 | 2,225 | 2,229 | 2,267 | 2,297 | — | — | — | — | — |
| Dividend per share | 2.45 | 2.40 | 2.36 | 2.18 | 2.16 | — | — | — | — | — |