Diageo PLC ADR (DEO) financial statements
Diageo PLC ADR reported revenue of $28.0B in fiscal 2025, down 2.0% a year over 3 years.
Net income was $2.5B and the operating margin 15.5%, against 19.8% in 2022.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Diageo PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $29.8B | $28.3B | $27.9B | $28.0B |
| Cost of revenue | $7.9B | $8.3B | $8.1B | $8.1B |
| Gross profit | $12.6B | $12.3B | $12.2B | $12.2B |
| Research and development | $58M | $63M | $69M | $74M |
| Operating income | $5.9B | $5.5B | $6.0B | $4.3B |
| Interest expense | $1.1B | $1.0B | $1.2B | $1.1B |
| Pre-tax income | $5.8B | $5.6B | $5.5B | $3.5B |
| Income tax | $1.4B | $1.2B | $1.3B | $999M |
| Net income | $4.4B | $4.5B | $4.2B | $2.5B |
| EPS (diluted) | $1.84 | $1.96 | $1.73 | $1.06 |
| Diluted shares | 2.33B | 2.27B | 2.24B | 2.23B |
| Gross margin | 42.3% | 43.4% | 43.7% | 43.5% |
| Operating margin | 19.8% | 19.6% | 21.5% | 15.5% |
| Net margin | 14.8% | 15.8% | 14.9% | 9.1% |
Balance sheet
Fiscal years, from Diageo PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $2.8B | $1.8B | $1.1B | $2.2B |
| Receivables | $3.5B | $3.4B | $3.5B | $3.5B |
| Inventory | $8.6B | $9.7B | $9.7B | $10.7B |
| Total current assets | $15.7B | $15.6B | $15.1B | $17.5B |
| Property, plant and equipment | $7.1B | $7.7B | $8.5B | $9.5B |
| Goodwill | — | $2.8B | $2.9B | $2.9B |
| Total assets | $44.2B | $44.9B | $45.5B | $49.3B |
| Total current liabilities | $10.2B | $9.6B | $9.9B | $10.7B |
| Long-term debt | $17.5B | $18.6B | $18.6B | $20.8B |
| Total liabilities | $32.7B | $33.2B | $33.4B | $36.1B |
| Shareholders' equity | $9.4B | $9.9B | $10.0B | $11.1B |
| Net debt | $16.6B | $19.0B | $20.4B | $21.5B |
Cash flow
Fiscal years, from Diageo PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $5.2B | $3.6B | $4.1B | $4.3B |
| Dividends paid | $2.4B | $2.2B | $2.4B | $2.4B |
| Dividends per share | $1.02 | $0.96 | $1.06 | $1.09 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for DEO.
Open DEO in InvestinglyQuestions
What was Diageo PLC ADR's revenue in 2025?
$28.0B in fiscal 2025, from its 10-K filing.
From Diageo PLC ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.