Amcor (AMCR) financial statements
Amcor reported revenue of $23.5B in fiscal 2026, up 11.1% a year over 9 years.
Net income was $1.1B and the operating margin 8.1%, against 10.1% in 2017.
Free cash flow was $1.2B, and the company returned $1.2B in dividends and $1M in net buybacks.
The diluted share count rose 99% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Amcor's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.1B | $9.3B | $9.5B | $12.5B | $12.9B | $14.5B | $14.7B | $13.6B | $15.0B | $23.5B |
| Cost of revenue | $7.2B | $7.5B | $7.7B | $9.9B | $10.1B | $11.7B | $12.0B | $10.9B | $12.2B | $18.8B |
| Gross profit | $1.9B | $1.9B | $1.8B | $2.5B | $2.7B | $2.8B | $2.7B | $2.7B | $2.8B | $4.7B |
| Research and development | $69M | $73M | $64M | $97M | $100M | $96M | $101M | $106M | $120M | $170M |
| Selling, general and admin | $850M | $793M | $999M | $1.4B | $1.3B | $1.3B | $1.1B | $1.1B | $1.2B | $1.9B |
| Operating income | $916M | $994M | $792M | $994M | $1.3B | $1.2B | $1.5B | $1.2B | $1.0B | $1.9B |
| Interest expense | $191M | $210M | $208M | $207M | $153M | $159M | $290M | $348M | $396M | $676M |
| Pre-tax income | $716M | $723M | $604M | $825M | $1.2B | $1.1B | $1.3B | $907M | $650M | $1.3B |
| Income tax | $149M | $119M | $172M | $187M | $261M | $300M | $193M | $163M | $135M | $181M |
| Net income | $564M | $575M | $430M | $612M | $939M | $805M | $1.0B | $730M | $511M | $1.1B |
| EPS (diluted) | $2.40 | $2.47 | $1.81 | $1.91 | $3.01 | $2.65 | $3.52 | $2.52 | $1.60 | $2.38 |
| Diluted shares | 233M | 232M | 237M | 320M | 311M | 303M | 295M | 288M | 319M | 464M |
| Gross margin | 21.0% | 19.9% | 19.0% | 20.3% | 21.2% | 19.4% | 18.5% | 19.9% | 18.9% | 20.0% |
| Operating margin | 10.1% | 10.7% | 8.4% | 8.0% | 10.3% | 8.5% | 10.3% | 8.9% | 6.7% | 8.1% |
| Net margin | 6.2% | 6.2% | 4.5% | 4.9% | 7.3% | 5.5% | 7.1% | 5.4% | 3.4% | 4.7% |
Balance sheet
Fiscal years, from Amcor's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $562M | $621M | $602M | $743M | $850M | $775M | $689M | $588M | $827M | $1.1B |
| Receivables | — | $1.4B | $1.9B | $1.6B | $1.9B | $1.9B | $1.9B | $1.8B | $3.4B | $3.6B |
| Inventory | — | $1.4B | $2.0B | $1.8B | $2.0B | $2.4B | — | — | — | — |
| Total current assets | — | $3.6B | $5.2B | $4.5B | $5.3B | $5.9B | $5.3B | $5.0B | $8.4B | $9.3B |
| Property, plant and equipment | — | $2.7B | $4.0B | $3.6B | $3.8B | $3.6B | $3.8B | $3.8B | $8.2B | $7.4B |
| Goodwill | $2.1B | $2.1B | $5.2B | $5.3B | $5.4B | $5.3B | $5.4B | $5.3B | $11.3B | $12.1B |
| Total assets | — | $9.1B | $17.2B | $16.4B | $17.2B | $17.4B | $17.0B | $16.5B | $37.1B | $37.1B |
| Total current liabilities | — | $5.1B | $4.5B | $4.0B | $4.3B | $5.1B | $4.5B | $4.3B | $7.0B | $7.4B |
| Long-term debt | — | $2.7B | $5.3B | $6.0B | $6.2B | $6.3B | $6.7B | $6.6B | $13.8B | $13.9B |
| Total liabilities | — | $8.4B | $11.5B | $11.8B | $12.4B | $13.3B | $12.9B | $12.6B | $25.3B | $25.3B |
| Shareholders' equity | $588M | $627M | $5.6B | $4.6B | $4.8B | $4.1B | $4.0B | $3.9B | $11.7B | $11.8B |
| Net debt | -$562M | $3.1B | $4.7B | $5.3B | $5.3B | $5.6B | $6.0B | $6.0B | $13.2B | $12.7B |
Cash flow
Fiscal years, from Amcor's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $909M | $871M | $776M | $1.4B | $1.5B | $1.5B | $1.3B | $1.3B | $1.4B | $2.2B |
| Capital spending | $379M | $365M | $332M | $400M | $468M | $527M | $526M | $492M | $580M | $922M |
| Free cash flow | $530M | $506M | $444M | $984M | $993M | $999M | $735M | $829M | $810M | $1.2B |
| Stock-based compensation | $26M | $21M | $19M | $34M | $58M | $63M | $54M | $32M | $74M | $83M |
| Dividends paid | $489M | $527M | $680M | $761M | $742M | $732M | $723M | $722M | $845M | $1.2B |
| Share buybacks (net) | — | $0 | $0 | -$537M | -$351M | -$601M | -$432M | -$30M | $0 | -$1M |
| Net borrowing | $328M | -$121M | -$437M | $711M | $25M | $461M | $286M | -$33M | $1.9B | -$68M |
| Free cash flow margin | 5.8% | 5.4% | 4.7% | 7.9% | 7.7% | 6.9% | 5.0% | 6.1% | 5.4% | 5.2% |
| Dividends per share | $2.10 | $2.27 | $2.87 | $2.38 | $2.38 | $2.41 | $2.45 | $2.51 | $2.65 | $2.58 |
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Open AMCR in InvestinglyQuestions
What was Amcor's revenue in 2026?
$23.5B in fiscal 2026, from its 10-K filing.
How much free cash flow does Amcor generate?
$1.2B in fiscal 2026 (operating cash flow minus capital spending).
From Amcor's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.