British American Tobacco revenue and financials

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Secondary listing. The primary listing is British American Tobacco · LSE (GBp)

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Close · October 6, 2026

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%.

Annual revenue · 2025: £25.61B
  1. £14.13B2016
  2. £19.56B2017
  3. £24.49B2018
  4. £25.88B2019
  5. £25.78B2020
  6. £25.68B2021
  7. £27.66B2022
  8. £27.28B2023
  9. £25.87B2024
  10. £25.61B2025

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.

ItemQ2 2026Q4 2025Q2 2025Q4 2024Q2 2024Q4 2023Q2 2023Q4 2022Q2 2022Q4 2021
Total revenue12,23513,54112,06913,52712,34013,84213,44114,78612,86913,509
Cost of revenue1,9932,4621,9812,4062,1642,6472,2442,6512,1532,472
Gross profit10,24211,07910,08811,12110,17611,19511,19712,13510,71611,037
Selling, general and administrative1,6512,7371,4632,5761,3752,4671,3892,5491,2802,516
Operating income4,2714,6825,0745,1944,6026,5975,9387,6404,0125,938
EBIT4,2714,6825,0745,1944,6026,5975,9387,6404,0125,938
EBITDA5,6355,5646,1946,0725,7506,7516,4187,8364,5406,354
Interest expense827895879871901929903847780724
Pre-tax income4,0524,2855,574-2,0625,600-22,3645,3036,2633,0614,779
Income tax8241,0851,009-6841,041-4,1401,2681,3551,1231,134
Net income3,1903,2524,512-1,4244,492-18,3263,9594,8071,8593,551
Net income to common shareholders3,1623,1874,490-1,4454,471-18,3493,9374,7811,8363,539
Basic EPS1.461.462.05-0.662.01-8.231.772.120.811.55
Diluted EPS1.451.452.04-0.662.00-8.231.762.110.811.54
Average shares (basic)2,1652,1802,1942,2052,2232,2292,2292,2502,2622,287
Average shares (diluted)2,1762,1932,2052,2182,2322,2292,2372,2612,2732,298
Dividend per share—————1.201.151.221.091.09