Next revenue and financials
14,180.00 GBpChange from previous close: −1.29%Absolute change: −185.00 GBp
In the fiscal year ended January 2026, Next reported revenue of £6.9B (+12.80% year over year). Net income was £888.5M, a net margin of 12.9%.
Fiscal year ending in January. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +12.80%
- FY to Jan 2026 vs FY to Jan 2025
- Net income growth
- +20.70%
- FY to Jan 2026 vs FY to Jan 2025
- Net margin
- 12.9%
- FY to Jan 2025: 12.0%
Financial data
Amounts in millions of GBP; per-share values in GBP; shares in millions.
| Item | FY to Jan 2026 | FY to Jan 2025 | FY to Jan 2024 | FY to Jan 2023 | FY to Jan 2022 |
|---|---|---|---|---|---|
| Total revenue | 6,901 | 6,118 | 5,491 | 5,034 | — |
| Cost of revenue | 3,855 | 3,476 | 3,071 | 2,859 | — |
| Gross profit | 3,047 | 2,642 | 2,421 | 2,175 | — |
| Selling, general and administrative | 1,770 | 1,549 | 1,452 | 1,232 | — |
| Operating income | 1,277 | 1,093 | 969 | 927 | — |
| EBIT | 1,290 | 1,084 | 1,103 | 947 | — |
| EBITDA | 1,625 | 1,395 | 1,349 | 1,113 | — |
| Interest expense | 97.2 | 96.6 | 87.5 | 77.9 | — |
| Pre-tax income | 1,193 | 987 | 1,016 | 869 | — |
| Income tax | 295 | 244 | 215 | 159 | — |
| Net income | 889 | 736 | 802 | 712 | — |
| Net income to common shareholders | 889 | 736 | 802 | 712 | — |
| Basic EPS | 7.60 | 6.15 | 6.62 | 5.80 | — |
| Diluted EPS | 7.45 | 6.06 | 6.56 | 5.71 | — |
| Average shares (basic) | 117 | 120 | 121 | 123 | — |
| Average shares (diluted) | 119 | 122 | 122 | 125 | — |