Thales

HO · Euronext Paris · EUR

€222.70−1.15%−€2.60

Close · October 2, 2026

At a glance

Revenue growth: +7.58%; 2025 vs 2024
Net income growth: +17.96%; 2025 vs 2024
Net margin: 7.6%; 2024: 6.9%

Financial data

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

Income statement · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total revenue	10,949	11,872	10,265	11,084	9,493	9,713	8,716	9,313	8,256	8,523
Cost of revenue	7,964	8,727	7,556	8,218	6,985	7,224	6,438	6,891	6,223	6,354
Gross profit	2,985	3,144	2,709	2,866	2,508	2,488	2,278	2,422	2,034	2,170
Selling, general and administrative	1,183	1,200	1,151	1,194	1,141	1,051	1,032	1,039	914	919
Research and development	674	701	627	674	599	595	513	577	486	562
Operating income	1,128	1,244	931	998	768	842	734	805	633	689
EBIT	1,128	1,244	931	998	768	842	734	805	633	689
EBITDA	1,514	1,672	1,457	1,382	1,309	1,170	1,216	1,141	1,130	1,004
Interest expense	108	117	116	136	154	101	58.6	47.7	28.2	25.7
Pre-tax income	605	1,190	847	461	719	442	739	693	654	713
Income tax	134	192	205	123	124	127	125	120	105	114
Net income	485	1,011	664	402	1,017	375	649	555	566	656
Net income to common shareholders	485	1,011	664	402	1,017	375	649	555	566	656
Basic EPS	2.36	4.92	3.23	1.96	4.94	1.80	3.10	2.63	2.66	3.09
Diluted EPS	2.35	4.91	3.22	1.95	4.93	1.80	3.09	2.62	2.65	3.08
Average shares (basic)	206	206	205	205	206	208	209	211	213	213
Average shares (diluted)	206	206	206	206	206	209	210	212	213	213
Dividend per share	—	2.95	0.95	2.85	0.85	2.60	0.80	2.24	0.70	1.96