Next revenue and financials
14,340.00 GBpChange from previous close: +1.13%Absolute change: +160.00 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 |
|---|---|---|---|---|---|
| Operating cash flow | 1,234 | 1,134 | 1,120 | 799 | — |
| Depreciation and amortization | 335 | 311 | 246 | 166 | — |
| Capital expenditure | -171 | -158 | -188 | -246 | — |
| Investing cash flow | -120 | -181 | -334 | -271 | — |
| Financing cash flow | -1,225 | -940 | -663 | -727 | — |
| Dividends paid | -287 | -258 | -248 | -237 | — |
| Share repurchases | -553 | -360 | -177 | -229 | — |
| Debt issued | 358 | 0.0 | — | — | — |
| Debt repaid | -418 | -2.4 | -2.5 | 0.0 | — |
| Effect of exchange rates | 0.2 | 0.0 | -1.0 | 2.5 | — |
| Net change in cash | -111 | 13.1 | 123 | -200 | — |
| Free cash flow | 1,062 | 976 | 932 | 553 | — |