Pandora revenue and financials

PNDORA · Nasdaq Copenhagen · DKK

kr 790.00Change from previous close: +0.87%Absolute change: +kr 6.80

Close · October 7, 2026

In the fiscal year ended December 2025, Pandora reported revenue of kr 32.55B (+2.74% year over year). Net income was kr 5.24B, a net margin of 16.1%.

Annual revenue · 2025: kr 32.55B
  1. kr 26.46B2022
  2. kr 28.14B2023
  3. kr 31.68B2024
  4. kr 32.55B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+2.74%
2025 vs 2024
Net income growth
+0.27%
2025 vs 2024
Net margin
16.1%
2024: 16.5%

Financial data

Amounts in millions of DKK; per-share values in DKK; shares in millions.

Cash flow · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q2 2025Q1 2025
Operating cash flow1,83142.05,3011,388-289
Depreciation and amortization691659695623624
Capital expenditure-454-427-512-515-369
Investing cash flow-466-432-516-699-545
Financing cash flow-1,184-406-4,018-455-1,014
Dividends paid0.0-1,646—0.0-1,567
Share repurchases0.0-34.0-921-887-1,011
Debt issued—2,242—1,1951,495
Debt repaid-444-1,000-2,797-59.00.0
Effect of exchange rates0.016.0-4.0-37.0-16.0
Net change in cash181-796767234-1,848
Free cash flow1,377-3854,789873-658