60/100B61.026
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British American Tobacco income statement 1995–2026What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
25.87B GBP over the last twelve months, and 25.61B GBP in fiscal year 2025.
Revenue Operating income Net income
Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.
| Fiscal year | TTM 30 Jun 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 | FY2017 31 Dec 2017 | FY2016 31 Dec 2016 | FY2015 31 Dec 2015 | FY2014 31 Dec 2014 | FY2013 31 Dec 2013 | FY2012 31 Dec 2012 | FY2011 31 Dec 2011 | FY2010 31 Dec 2010 | FY2009 31 Dec 2009 | FY2008 31 Dec 2008 | FY2007 31 Dec 2007 | FY2006 31 Dec 2006 | FY2005 31 Dec 2005 | FY2004 31 Dec 2004 | FY2003 31 Dec 2003 | FY2002 31 Dec 2002 | FY2001 31 Dec 2001 | FY2000 31 Dec 2000 | FY1999 31 Dec 1999 | FY1998 31 Dec 1998 | FY1997 31 Dec 1997 | FY1996 31 Dec 1996 | FY1995 31 Dec 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RevenueWhat is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement. | 25.87B | 25.61B | 25.87B | 27.28B | 27.66B | 25.68B | 25.78B | 25.88B | 24.49B | 19.56B | 14.13B | 12.54B | 13.97B | 15.26B | 15.19B | 15.40B | 14.88B | 14.21B | 12.12B | 10.02B | 9.76B | 9.33B | 10.77B | 25.62B | 24.68M | 11.37B | 10.92B | 9.07B | 7.12B | 7.15B | 7.24B | 6.77B |
Revenue growth | +1.06% | -0.99% | -5.19% | -1.35% | +7.67% | -0.36% | -0.39% | +5.65% | +25.19% | +38.46% | +12.72% | |||||||||||||||||||||
Cost of revenue | 7.29B | 4.23B | 4.44B | 4.89B | 4.80B | 4.60B | 4.45B | 4.46B | 4.60B | 5.03B | 3.73B | 3.03B | 3.03B | 3.24B | 3.31B | 3.43B | 3.71B | 3.95B | 3.32B | 2.77B | 2.87B | 2.76B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Gross profit | 18.58B | 21.38B | 21.43B | 22.39B | 22.85B | 21.09B | 21.33B | 21.42B | 19.90B | 14.53B | 10.40B | 9.50B | 10.94B | 12.02B | 11.88B | 11.97B | 11.18B | 10.26B | 8.81B | 7.25B | 6.89B | 6.57B | 10.77B | 25.62B | 24.68M | 11.37B | 10.92B | 9.07B | 7.12B | 7.15B | 7.24B | 6.77B |
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 71.82% | 83.50% | 82.85% | 82.07% | 82.63% | 82.10% | 82.75% | 82.76% | 81.23% | 74.27% | 73.58% | |||||||||||||||||||||
Research and development | — | 133.00M | 380.00M | 408.00M | 323.00M | 304.00M | 307.00M | 376.00M | 105.00M | 191.00M | 144.00M | 148.00M | 154.00M | 161.00M | 93.00M | 81.00M | 82.00M | 51.00M | 50.00M | 43.00M | 36.00M | 29.00M | 29.00M | 73.00M | 62.00M | 59.00M | 59.00M | 58.00M | 45.00M | 42.00M | 37.00M | 43.00M |
Selling, general and administrative | 5.40B | 1.12B | 3.95B | 3.86B | 3.83B | 3.81B | 3.76B | 2.87B | 3.00B | 2.61B | 2.11B | 1.95B | 2.07B | 2.36B | 15.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Operating expenses | 8.94B | 11.39B | 18.56B | 38.14B | 12.33B | 10.85B | 11.37B | 11.80B | 9.98B | 16.01B | 3.58B | 3.15B | 5.66B | 5.76B | 6.47B | 10.42B | 10.20B | 10.01B | 5.38B | 4.42B | 4.26B | 4.22B | 8.39B | 22.92B | 22.12M | 8.76B | 8.36B | 7.16B | 5.53B | 5.31B | 5.62B | 5.13B |
| 9.64B | 10.00B | 2.74B | -15.75B | 10.52B | 10.23B | 9.96B | 10.41B | 10.03B | 7.17B | 5.26B | 4.93B | 5.04B | 5.78B | 5.41B | 4.72B | 4.32B | 4.10B | 3.57B | 2.90B | 2.62B | 2.42B | 3.76B | 1.85B | 2.18M | 2.18B | 1.78B | 1.48B | 1.01B | 1.30B | 1.71B | 1.65B | |
Operating income growth | +171.71% | +265.39% | — | -249.68% | +2.82% | +2.73% | -4.33% | +3.80% | +39.94% | +36.40% | +6.53% | |||||||||||||||||||||
Operating marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 37.26% | 39.04% | 10.58% | -57.73% | 38.05% | 39.85% | 38.65% | 40.24% | 40.96% | 36.64% | 37.20% | |||||||||||||||||||||
Interest income | 184.02M | 214.00M | — | 186.00M | 92.00M | 35.00M | 50.00M | 1.70B | 1.57B | 1.02B | 577.00M | 494.00M | 438.00M | 460.00M | 49.00M | 82.00M | 60.00M | 85.00M | 131.00M | 111.00M | 122.00M | 106.00M | 112.00M | — | — | — | — | — | — | — | — | — |
Interest expense | 1.66B | 1.93B | 1.10B | 1.89B | 1.66B | 1.49B | 1.78B | 1.81B | 1.48B | 1.20B | 681.00M | 584.00M | 484.00M | 532.00M | 505.00M | 567.00M | 583.00M | 602.00M | 535.00M | 382.00M | 410.00M | 373.00M | 368.00M | 209.00M | 184.00K | 409.00M | 489.00M | 370.00M | 355.00M | 368.00M | 340.00M | 306.00M |
Other non-operating income | -1.27B | -138.00M | 802.00M | -1.31B | -1.20B | -1.07B | -1.29B | -2.50B | -1.68B | 22.36B | 989.00M | 921.00M | -188.00M | 19.00M | -456.00M | -460.00M | -708.00M | -238.00M | -424.00M | -269.00M | -302.00M | -349.00M | -130.00M | -210.00M | -67.00M | -111.00M | -262.00M | -108.00M | -273.00M | -428.00M | -88.00M | -186.00M |
Pretax income | 8.37B | 9.86B | 3.54B | -17.06B | 9.32B | 9.16B | 8.67B | 7.91B | 8.35B | 29.53B | 6.25B | 5.86B | 4.85B | 5.80B | 5.65B | 4.93B | 4.39B | 4.08B | 3.68B | 3.08B | 2.76B | 2.58B | 3.63B | 1.57B | 2.11M | 2.07B | 1.52B | 1.37B | 738.00M | 875.00M | 1.63B | 1.46B |
Income tax | 1.92B | 2.09B | 357.00M | -2.87B | 2.48B | 2.19B | 2.11B | 2.06B | 2.14B | -8.13B | 1.41B | 1.33B | 1.46B | 1.60B | 1.53B | 1.56B | 1.25B | 1.12B | 1.03B | 790.00M | 716.00M | 690.00M | 673.00M | 779.00M | 818.00K | 886.00M | 660.00M | 673.00M | 277.00M | 357.00M | 520.00M | 490.00M |
Effective tax rate | 22.89% | 21.24% | 10.09% | — | 26.58% | 23.89% | 24.31% | 26.07% | 25.64% | -27.53% | 22.51% | |||||||||||||||||||||
| 6.47B | 7.76B | 3.07B | -14.37B | 6.67B | 6.80B | 6.40B | 5.70B | 6.03B | 37.53B | 4.65B | 4.29B | 3.12B | 3.90B | 3.84B | 3.10B | 2.88B | 2.71B | 2.46B | 2.13B | 1.90B | 1.77B | 2.83B | 631.00M | 1.15M | 1.01B | 692.00M | 556.00M | 346.00M | 412.00M | 988.00M | 860.00M | |
Net income growth | +109.38% | +153.06% | — | -315.53% | -1.99% | +6.27% | +12.20% | -5.44% | -83.93% | +707.51% | +8.35% | |||||||||||||||||||||
Net marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 25.00% | 30.32% | 11.86% | -52.66% | 24.10% | 26.48% | 24.83% | 22.04% | 24.63% | 191.85% | 32.89% | |||||||||||||||||||||
Basic shares | 2.18B | 2.19B | 2.21B | 2.22B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B |
Diluted sharesWhat are shares outstanding? Shares outstanding are all the shares a company has issued that investors hold, insiders included. Their number times the share price is the market value. | 2.18B | 2.20B | 2.23B | 2.23B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B |
Change in diluted shares | -0.87% | -1.17% | -0.18% | -1.57% | 0.00% | 0.00% | 0.00% | -0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||
EPS (basic) | 2.92 | 3.51 | 1.37 | -6.49 | 2.93 | 2.97 | 2.80 | 2.50 | 2.68 | 18.34 | 2.50 | 2.31 | 1.67 | 2.05 | 1.98 | 1.57 | 1.45 | 1.37 | 1.23 | 1.05 | 0.92 | 0.84 | 1.13 | 0.27 | 0.51 | 0.44 | 0.30 | 0.25 | 0.22 | 0.27 | 0.64 | 0.56 |
EPS (diluted)What is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period. | 2.91 | 3.49 | 1.36 | -6.47 | 2.92 | 2.96 | 2.79 | 2.49 | 2.66 | 18.28 | 2.49 | 2.30 | 1.67 | 2.05 | 1.97 | 1.56 | 1.44 | 1.36 | 1.23 | 1.04 | 0.91 | 0.84 | 1.13 | 0.27 | 0.50 | 0.44 | 0.30 | 0.25 | 0.22 | 0.26 | 0.64 | 0.56 |
EPS growth | +110.87% | +156.62% | — | -321.58% | -1.35% | +6.09% | +12.05% | -6.39% | -85.45% | +634.14% | +8.26% | |||||||||||||||||||||
Dividends per share | 2.41 | 3.17 | 2.98 | 2.90 | 2.64 | 2.94 | 2.74 | 2.66 | 2.59 | 2.89 | 2.18 | 2.28 | 2.45 | 2.17 | 2.11 | 1.93 | 1.62 | 1.39 | 1.32 | 1.18 | 0.90 | 0.81 | 0.71 | 0.61 | 0.54 | 0.47 | 0.46 | 0.50 | 0.40 | 0.54 | 0.50 | 0.45 |
Dividend growth | -22.19% | +6.38% | +2.68% | +9.97% | -10.30% | +7.49% | +2.95% | +2.71% | -10.35% | +32.49% | -4.23% | |||||||||||||||||||||
EBITDAWhat is EBITDA? EBITDA is earnings before interest, taxes, depreciation and amortization: operating profit with the yearly cost of wearing out assets added back. | 12.50B | 12.03B | 7.74B | 36.64B | 12.58B | 11.19B | 11.80B | 10.08B | 10.58B | 30.51B | 5.24B | 5.61B | 5.14B | 6.17B | 6.62B | 6.32B | 4.93B | 4.70B | 4.14B | 3.80B | 3.53B | 2.86B | 3.00B | 2.38B | 2.78B | 2.87B | 2.41B | 2.09B | 1.39B | 1.48B | 2.20B | 1.99B |
EBITDA margin | 48.31% | 46.96% | 29.91% | 134.30% | 45.48% | 43.55% | 45.78% | 38.94% | 43.18% | 155.96% | 37.10% | |||||||||||||||||||||
EBIT | 10.16B | 9.76B | 4.64B | 12.64B | 11.50B | 10.24B | 10.94B | 9.13B | 9.54B | 29.70B | 4.69B | 6.44B | 5.44B | 6.41B | 6.17B | 5.50B | 4.97B | 4.68B | 4.22B | 3.46B | 3.17B | 2.96B | 4.00B | 1.90B | 2.45B | 2.47B | 2.01B | 1.74B | 1.09B | 1.24B | 1.97B | 1.77B |
| Quarter | H1 FY2026 30 Jun 2026 | H2 FY2025 31 Dec 2025 | H1 FY2025 30 Jun 2025 | H2 FY2024 31 Dec 2024 | H1 FY2024 30 Jun 2024 | H2 FY2023 31 Dec 2023 | H1 FY2023 30 Jun 2023 | H2 FY2022 31 Dec 2022 | H1 FY2022 30 Jun 2022 | H2 FY2021 31 Dec 2021 | H1 FY2021 30 Jun 2021 | H2 FY2020 31 Dec 2020 | H1 FY2020 30 Jun 2020 | H2 FY2019 31 Dec 2019 | H1 FY2019 30 Jun 2019 | H2 FY2018 31 Dec 2018 | H1 FY2018 30 Jun 2018 | H2 FY2017 31 Dec 2017 | H1 FY2017 30 Jun 2017 | H2 FY2016 31 Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RevenueWhat is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement. | 12.33B | 13.54B | 12.07B | 13.53B | 12.34B | 13.84B | 13.44B | 14.79B | 12.87B | 13.51B | 12.18B | 13.51B | 12.27B | 13.71B | 12.17B | 12.86B | 11.64B | 12.15B | 7.42B | 7.46B |
Revenue growth | +2.12% | +0.10% | -2.20% | -2.28% | -8.19% | -6.38% | +4.44% | +9.45% | +5.70% | +0.03% | ||||||||||
Cost of revenue | 5.04B | 2.25B | 1.98B | 2.27B | 2.16B | 2.65B | 2.24B | 2.65B | 2.15B | 2.47B | 2.13B | 2.45B | 2.00B | 2.40B | 2.06B | 2.27B | 2.28B | 3.09B | 1.94B | 2.11B |
Gross profit | 7.28B | 11.30B | 10.09B | 11.26B | 10.18B | 11.20B | 11.20B | 12.14B | 10.72B | 11.04B | 10.05B | 11.06B | 10.27B | 11.31B | 10.11B | 10.59B | 9.36B | 9.05B | 5.48B | 5.35B |
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 59.07% | 83.42% | 83.59% | 83.20% | 82.46% | 80.88% | 83.30% | 82.07% | 83.27% | 81.70% | ||||||||||
Research and development | — | 174.00M | 174.00M | 212.00M | 168.00M | 214.00M | 194.00M | 173.00M | 150.00M | 162.00M | 142.00M | 170.00M | 137.00M | 238.00M | 138.00M | 146.00M | 112.00M | 191.00M | — | 144.00M |
Selling, general and administrative | 2.67B | 2.74B | 1.46B | 2.58B | 1.38B | 2.47B | 1.39B | 2.55B | 1.28B | 2.52B | 1.29B | 2.49B | 1.27B | 1.44B | 1.43B | 1.63B | 1.37B | 1.52B | 1.09B | 1.14B |
Operating expenses | 2.57B | 6.37B | 5.02B | 12.78B | 5.92B | 32.88B | 5.26B | 5.29B | 3.42B | 5.55B | 5.09B | 6.02B | 4.96B | 6.38B | 5.63B | 5.43B | 4.80B | 18.15B | 2.34B | 2.25B |
| 4.71B | 4.93B | 5.07B | -1.52B | 4.26B | -21.69B | 5.94B | 6.85B | 3.68B | 5.94B | 4.91B | 5.87B | 5.10B | 5.83B | 4.38B | 5.42B | 4.44B | 4.39B | 2.57B | 2.93B | |
Operating income growth | -7.09% | — | +19.05% | — | -28.26% | -416.82% | +61.36% | +15.27% | -25.05% | +1.16% | ||||||||||
Operating marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 38.21% | 36.39% | 42.00% | -11.25% | 34.51% | -156.67% | 44.16% | 46.29% | 28.58% | 43.96% | ||||||||||
Interest income | 85.63M | 98.39M | — | 238.00M | 238.00M | 101.00M | 85.00M | 20.00M | 376.00M | 704.00M | 732.00M | 958.00M | 803.00M | 883.00M | 821.00M | 772.00M | 769.00M | 704.00M | 311.00M | 279.00M |
Interest expense | 833.10M | 830.85M | 764.00M | 704.00M | 1.80B | 1.03B | 903.00M | 803.00M | — | — | — | — | — | — | — | — | — | — | — | — |
Other non-operating income | -627.60M | -643.00M | 505.00M | -540.00M | 1.34B | -678.00M | -632.00M | -582.00M | -617.00M | -896.00M | -934.00M | 971.00M | -887.00M | 894.00M | -1.19B | 1.49B | -809.00M | 22.11B | -460.00M | 621.50M |
Pretax income | 4.08B | 4.29B | 5.57B | -2.06B | 5.60B | -22.36B | 5.30B | 6.26B | 3.06B | 4.78B | 4.38B | 4.08B | 4.59B | 4.05B | 3.87B | 4.38B | 3.97B | 26.50B | 3.03B | 2.82B |
Income tax | 830.08M | 1.09B | 1.01B | -684.00M | 1.04B | -4.14B | 1.27B | 1.36B | 1.12B | 1.13B | 1.06B | 1.05B | 1.05B | 1.09B | 971.00M | 948.00M | 1.19B | -8.81B | 680.00M | 721.00M |
Effective tax rate | 20.34% | 25.32% | 18.10% | — | 18.59% | — | 23.91% | 21.64% | 36.69% | 23.73% | ||||||||||
| 3.21B | 3.25B | 4.51B | -1.42B | 4.49B | -18.33B | 3.96B | 4.81B | 1.86B | 3.54B | 3.25B | 2.94B | 3.46B | 2.89B | 2.81B | 3.34B | 2.69B | 35.22B | 2.26B | 1.98B | |
Net income growth | -28.78% | — | +0.45% | — | +13.46% | -481.24% | +112.96% | +35.83% | -42.80% | +20.25% | ||||||||||
Net marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 26.07% | 24.02% | 37.39% | -10.53% | 36.40% | -132.39% | 29.45% | 32.51% | 14.45% | 26.20% | ||||||||||
Basic shares | 2.17B | 2.19B | 2.21B | 2.20B | 2.23B | 2.23B | 2.23B | 2.25B | 2.26B | 2.29B | 2.29B | 2.29B | 2.29B | 2.29B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B |
Diluted sharesWhat are shares outstanding? Shares outstanding are all the shares a company has issued that investors hold, insiders included. Their number times the share price is the market value. | 2.18B | 2.19B | 2.21B | 2.20B | 2.23B | 2.23B | 2.24B | 2.26B | 2.27B | 2.30B | 2.30B | 2.30B | 2.29B | 2.29B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B | 2.26B |
Change in diluted shares | -1.32% | -0.43% | -1.21% | -1.26% | -0.22% | -1.35% | -1.58% | -1.61% | -1.00% | +0.08% | ||||||||||
EPS (basic) | 1.47 | 1.45 | 2.04 | -0.66 | 2.00 | -8.23 | 1.77 | 2.12 | 0.81 | 1.55 | 1.42 | 1.29 | 1.51 | 1.26 | 1.25 | 1.48 | 1.19 | 15.63 | 1.00 | 0.88 |
EPS (diluted)What is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period. | 1.46 | 1.45 | 2.04 | -0.66 | 2.00 | -8.23 | 1.76 | 2.11 | 0.81 | 1.54 | 1.42 | 1.28 | 1.51 | 1.26 | 1.24 | 1.48 | 1.19 | 15.55 | 1.00 | 0.87 |
EPS growth | -28.43% | — | +2.00% | — | +13.64% | -490.05% | +117.28% | +37.01% | -42.96% | +20.31% | ||||||||||
Dividends per share | 0.83 | 1.57 | 1.60 | 1.49 | 1.49 | 2.18 | 0.72 | 1.96 | 0.68 | 2.19 | 0.76 | 2.10 | 0.64 | 1.33 | 1.33 | 1.30 | 1.29 | 1.37 | 1.52 | 0.67 |
Dividend growth | -47.86% | +5.31% | +7.46% | -31.51% | +105.64% | +11.21% | +6.38% | -10.33% | -10.19% | +4.28% | ||||||||||
EBITDAWhat is EBITDA? EBITDA is earnings before interest, taxes, depreciation and amortization: operating profit with the yearly cost of wearing out assets added back. | 6.08B | 6.41B | 6.19B | 1.01B | 5.89B | 6.99B | 6.42B | 8.21B | 4.53B | 5.90B | 5.38B | 5.30B | 5.66B | 5.62B | 4.95B | 5.60B | 4.93B | 27.65B | 2.94B | 2.68B |
EBITDA margin | 49.36% | 47.36% | 51.32% | 7.49% | 47.77% | 50.51% | 47.75% | 55.50% | 35.23% | 43.65% | ||||||||||
EBIT | 4.71B | 5.45B | 5.07B | 374.00M | 4.26B | 6.60B | 5.94B | 7.64B | 4.01B | 5.34B | 4.90B | 4.73B | 5.14B | 4.68B | 4.45B | 5.02B | 4.52B | 27.17B | 2.60B | 2.38B |
Figures in GBP. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Figures underlined with dots are from the company's SEC filings, where our data provider's differ.
Common questions about British American Tobacco's income statement
Source: Financial Modeling Prep