Next revenue and financials
14,390.00 GBpChange from previous close: +1.48%Absolute change: +210.00 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 | Q to Jul 2026 | Q to Jan 2026 | Q to Jul 2025 | Q to Jan 2025 |
|---|---|---|---|---|
| Total assets | 5,111 | 4,915 | 5,286 | 4,873 |
| Current assets | 2,896 | 2,742 | 3,108 | 2,650 |
| Cash and equivalents | 62.4 | 96.2 | 441 | 200 |
| Short-term investments | 27.3 | — | — | — |
| Inventory | 1,085 | 950 | 1,030 | 865 |
| Net property, plant and equipment | 1,471 | 1,401 | 1,389 | 1,424 |
| Goodwill | — | 218 | — | 218 |
| Other intangible assets | — | 496 | — | 518 |
| Long-term investments | 26.8 | 35.2 | 35.8 | 30.3 |
| Current liabilities | 1,870 | 1,554 | 1,786 | 1,566 |
| Accounts payable | 397 | 341 | 394 | 356 |
| Long-term debt | 600 | 600 | 712 | 544 |
| Total debt | 1,956 | 1,809 | 1,989 | 1,869 |
| Total liabilities | 3,484 | 3,135 | 3,466 | 3,118 |
| Total equity (incl. minority) | 1,628 | 1,781 | 1,820 | 1,754 |
| Retained earnings | 3,342 | 3,494 | 3,560 | 3,420 |
| Minority interest | 123 | 118 | 121 | 118 |