NYSE : DEO
Diageo plc — Financial statements
Consumer Staples · Beverages - Wineries & Distilleries · United Kingdom
Last price 91.33 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 50.61B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Diageo plc (DEO) reported revenue of 19.64B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 19.64B | 19.64B | 20.25B | 20.27B | 20.55B | 20.52B |
| Cost of Revenue | 7.89B | 7.89B | 8.01B | 8.00B | 8.21B | 7.92B |
| Gross Profit | 11.75B | 11.75B | 12.23B | 12.27B | 12.35B | 12.59B |
| Selling, General & Admin | 3.21B | 3.21B | 3.69B | 3.65B | 3.61B | 3.60B |
| Other Operating Expenses | 2.78B | 2.78B | 2.82B | 2.62B | 2.37B | 2.60B |
| Operating Expenses | 5.99B | 5.99B | 6.51B | 6.27B | 5.98B | 6.21B |
| Operating Income | 5.76B | 5.76B | 5.73B | 6.00B | 6.37B | 6.39B |
| Interest Expense | -1.06B | -1.06B | -1.08B | -1.11B | -936.00M | -1.11B |
| Interest & Investment Income | 254.00M | 254.00M | 210.00M | 194.00M | 201.00M | 627.00M |
| Earnings From Equity Investments | 218.00M | 218.00M | 193.00M | 414.00M | 443.00M | 555.00M |
| Other Non Operating Income (Expenses) | -60.00M | -60.00M | -31.00M | -42.00M | -19.00M | -38.00M |
| EBT Excluding Unusual Items | 5.11B | 5.11B | 5.02B | 5.45B | 6.05B | 6.42B |
| Merger & Restructuring Charges | -64.00M | |||||
| Impairment of Goodwill | -25.00M | |||||
| Gain (Loss) on Sale of Assets | -1.00M | -1.00M | -244.00M | -74.00M | 343.00M | -88.00M |
| Asset Writedown | -38.00M | -38.00M | 13.00M | -17.00M | -388.00M | |
| Other Unusual Items | -2.51B | -2.51B | -1.25B | 97.00M | -756.00M | -44.00M |
| Pretax Income | 2.56B | 2.56B | 3.54B | 5.46B | 5.64B | 5.81B |
| Income Tax Expense | 606.00M | 606.00M | 999.00M | 1.29B | 1.16B | 1.40B |
| Earnings From Continuing Operations | 1.96B | 1.96B | 2.54B | 4.17B | 4.48B | 4.41B |
| Net Income to Company | 1.96B | 1.96B | 2.54B | 4.17B | 4.48B | 4.41B |
| Minority Interest in Earnings | -221.00M | -221.00M | -184.00M | -296.00M | -34.00M | -130.00M |
| Net Income | 1.74B | 1.74B | 2.35B | 3.87B | 4.45B | 4.28B |
| Net Income to Common | 1.74B | 1.74B | 2.35B | 3.87B | 4.45B | 4.28B |
| Shares Outstanding (Basic) | 2.22B | 2.22B | 2.22B | 2.23B | 2.26B | 2.32B |
| Shares Outstanding (Diluted) | 2.23B | 2.23B | 2.23B | 2.24B | 2.27B | 2.33B |
| EPS (Basic) | 0.78 | 0.78 | 1.06 | 1.73 | 1.96 | 1.85 |
| EPS (Diluted) | 0.78 | 0.78 | 1.06 | 1.73 | 1.96 | 1.84 |
| Free Cash Flow | 3.19B | 3.19B | 2.69B | 2.60B | 2.22B | 3.76B |
| Free Cash Flow Per Share | 1.43 | 1.43 | 1.21 | 1.16 | 0.98 | 1.61 |
| Dividend Per Share | 0.50 | 0.50 | 1.03 | 1.03 | 0.99 | 0.91 |
| Gross Margin | 59.82% | 59.82% | 60.44% | 60.55% | 60.06% | 61.38% |
| Operating Margin | 29.30% | 29.30% | 28.28% | 29.60% | 30.97% | 31.13% |
| Profit Margin | 8.84% | 8.84% | 11.63% | 19.09% | 21.62% | 20.86% |
| Free Cash Flow Margin | 16.27% | 16.27% | 13.26% | 12.80% | 10.79% | 18.31% |
| EBITDA | 6.43B | 6.43B | 6.27B | 6.67B | 6.96B | 7.04B |
| EBITDA Margin | 32.73% | 32.73% | 30.99% | 32.93% | 33.88% | 34.30% |
| D&A For EBITDA | 673.00M | 673.00M | 548.00M | 675.00M | 597.00M | 651.00M |
| EBIT | 5.76B | 5.76B | 5.73B | 6.00B | 6.37B | 6.39B |
| EBIT Margin | 29.30% | 29.30% | 28.28% | 29.60% | 30.97% | 31.13% |
| Effective Tax Rate | 23.64% | 23.64% | 28.24% | 23.70% | 20.61% | 24.07% |
| Revenue as Reported | 19.64B | 19.64B | 20.25B | 20.27B | 20.55B | 20.52B |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.52B | 1.52B | 2.20B | 1.13B | 1.81B | 2.77B |
| Short-Term Investments | 261.00M | 261.00M | 318.00M | 275.00M | 249.00M | |
| Cash & Short-Term Investments | 1.78B | 1.78B | 2.52B | 1.41B | 2.06B | 2.77B |
| Accounts Receivable | 2.60B | 2.60B | 2.79B | 2.67B | 2.53B | 3.55B |
| Other Receivables | 851.00M | 851.00M | 1.02B | 843.00M | 897.00M | 180.00M |
| Receivables | 3.45B | 3.45B | 3.81B | 3.52B | 3.43B | 3.73B |
| Inventory | 10.53B | 10.53B | 10.66B | 9.72B | 9.65B | 8.58B |
| Prepaid Expenses | 160.00M | 160.00M | 133.00M | 274.00M | 288.00M | |
| Other Current Assets | 1.29B | 1.29B | 375.00M | 210.00M | 188.00M | 572.00M |
| Total Current Assets | 17.21B | 17.21B | 17.50B | 15.13B | 15.62B | 15.65B |
| Property, Plant & Equipment | 9.00B | 9.00B | 9.53B | 8.51B | 7.74B | 7.08B |
| Long-Term Investments | 5.31B | 5.31B | 5.38B | 5.13B | 4.90B | 4.46B |
| Goodwill | 2.44B | 2.44B | 2.95B | 2.86B | 2.81B | 2.77B |
| Other Intangible Assets | 10.94B | 10.94B | 11.83B | 11.95B | 11.70B | 11.63B |
| Long-Term Accounts Receivable | 2.00M | |||||
| Long-Term Deferred Tax Assets | 173.00M | 173.00M | 150.00M | 143.00M | 178.00M | 138.00M |
| Other Long-Term Assets | 1.78B | 1.78B | 1.99B | 1.76B | 1.94B | 2.46B |
| Total Assets | 46.84B | 46.84B | 49.32B | 45.47B | 44.88B | 44.18B |
| Accounts Payable | 2.83B | 2.83B | 3.12B | 3.07B | 3.35B | 7.12B |
| Accrued Expenses | 2.94B | 2.94B | 2.96B | 2.65B | 2.64B | |
| Short-Term Debt | 26.00M | 26.00M | 22.00M | 514.00M | 314.00M | |
| Current Portion of Long-Term Debt | 2.42B | 2.42B | 2.91B | 2.39B | 1.84B | 1.84B |
| Current Portion of Leases | 118.00M | 118.00M | 112.00M | 95.00M | 94.00M | |
| Current Income Taxes Payable | 207.00M | 207.00M | 138.00M | 136.00M | 170.00M | 305.00M |
| Current Unearned Revenue | 67.00M | 67.00M | 82.00M | 84.00M | 92.00M | |
| Other Current Liabilities | 2.12B | 2.12B | 1.37B | 935.00M | 1.09B | 945.00M |
| Total Current Liabilities | 10.73B | 10.73B | 10.71B | 9.87B | 9.59B | 10.21B |
| Long-Term Debt | 19.06B | 19.06B | 20.82B | 18.98B | 19.12B | 17.54B |
| Long-Term Leases | 567.00M | 567.00M | 541.00M | 509.00M | 470.00M | |
| Pension & Post-Retirement Benefits | 387.00M | 387.00M | 409.00M | 429.00M | 471.00M | 486.00M |
| Long-Term Deferred Tax Liabilities | 2.46B | 2.46B | 2.94B | 2.95B | 2.75B | 2.81B |
| Other Long-Term Liabilities | 690.00M | 690.00M | 718.00M | 675.00M | 772.00M | 1.62B |
| Total Liabilities | 33.89B | 33.89B | 36.14B | 33.40B | 33.17B | 32.67B |
| Common Stock | 887.00M | 887.00M | 887.00M | 887.00M | 898.00M | 875.00M |
| Additional Paid-In Capital | 1.70B | 1.70B | 1.70B | 1.70B | 1.70B | 1.64B |
| Retained Earnings | 10.50B | 10.50B | 10.27B | 9.78B | 8.88B | 8.49B |
| Treasury Stock | -2.21B | -2.21B | -2.23B | -2.25B | -2.29B | -2.22B |
| Comprehensive Income & Other | -10.00M | -10.00M | 454.00M | -91.00M | 665.00M | 658.00M |
| Total Common Equity | 10.87B | 10.87B | 11.09B | 10.03B | 9.86B | 9.44B |
| Minority Interest | 2.08B | 2.08B | 2.09B | 2.04B | 1.85B | 2.08B |
| Shareholders' Equity | 12.95B | 12.95B | 13.18B | 12.07B | 11.71B | 11.51B |
| Total Liabilities & Equity | 46.84B | 46.84B | 49.32B | 45.47B | 44.88B | 44.18B |
| Total Debt | 22.20B | 22.20B | 24.40B | 22.48B | 21.83B | 19.39B |
| Net Cash (Debt) | -20.41B | -20.41B | -21.88B | -21.08B | -19.77B | -16.62B |
| Net Cash Per Share | -9.15 | -9.15 | -9.82 | -9.41 | -8.70 | -7.15 |
| Filing Date Shares Outstanding | 2.22B | 2.22B | 2.22B | 2.22B | 2.24B | 2.28B |
| Total Common Shares Outstanding | 2.22B | 2.22B | 2.22B | 2.22B | 2.24B | 2.28B |
| Working Capital | 6.48B | 6.48B | 6.79B | 5.26B | 6.03B | 5.43B |
| Book Value Per Share | 4.89 | 4.89 | 4.99 | 4.52 | 4.39 | 4.14 |
| Tangible Book Value | -2.50B | -2.50B | -3.69B | -4.78B | -4.65B | -4.97B |
| Tangible Book Value Per Share | -1.13 | -1.13 | -1.66 | -2.15 | -2.07 | -2.18 |
| Land | 4.81B | 4.81B | 4.22B | 3.62B | 3.35B | 3.21B |
| Machinery | 8.19B | 8.19B | 8.16B | 7.33B | 6.61B | 6.51B |
| Construction In Progress | 995.00M | 995.00M | 1.81B | 1.56B | 1.57B | 1.05B |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.74B | 1.74B | 2.35B | 3.87B | 4.45B | 4.28B |
| Depreciation & Amortization | 673.00M | 673.00M | 674.00M | 675.00M | 597.00M | 651.00M |
| Other Amortization | 72.00M | 72.00M | 74.00M | |||
| Asset Writedown & Restructuring Costs | 1.67B | 1.67B | 590.00M | -182.00M | 700.00M | 413.00M |
| Loss (Gain) From Sale of Investments | 69.00M | 69.00M | 380.00M | |||
| Loss (Gain) on Equity Investments | -218.00M | -218.00M | -193.00M | -414.00M | -443.00M | -555.00M |
| Other Operating Activities | 317.00M | 317.00M | 495.00M | 924.00M | -249.00M | 665.00M |
| Change in Accounts Receivable | -129.00M | -129.00M | -49.00M | -66.00M | 142.00M | -502.00M |
| Change in Inventory | -120.00M | -120.00M | -470.00M | -156.00M | -810.00M | -984.00M |
| Change in Accounts Payable | 325.00M | 325.00M | 442.00M | -546.00M | -746.00M | 1.25B |
| Operating Cash Flow | 4.39B | 4.39B | 4.30B | 4.11B | 3.64B | 5.21B |
| Capital Expenditures | -1.20B | -1.20B | -1.61B | -1.51B | -1.42B | -1.46B |
| Sale of Property, Plant & Equipment | 16.00M | 16.00M | 63.00M | 14.00M | 16.00M | 23.00M |
| Cash Acquisitions | -23.00M | -23.00M | -35.00M | -6.00M | -404.00M | -278.00M |
| Divestitures | 288.00M | 288.00M | 143.00M | 87.00M | 559.00M | 102.00M |
| Investment in Securities | -47.00M | -47.00M | -84.00M | -133.00M | -112.00M | -86.00M |
| Investing Cash Flow | -982.00M | -982.00M | -1.72B | -1.59B | -1.43B | -1.79B |
| Long-Term Debt Issued | 1.50B | 1.50B | 4.03B | 2.61B | 3.06B | 3.64B |
| Long-Term Debt Repaid | -3.27B | -3.27B | -3.13B | -2.16B | -2.10B | -2.62B |
| Net Debt Issued (Repaid) | -1.77B | -1.77B | 898.00M | 452.00M | 956.00M | 1.02B |
| Issuance of Common Stock | 1.00M | 1.00M | 15.00M | 21.00M | 36.00M | 24.00M |
| Repurchase of Common Stock | -987.00M | -1.67B | -2.98B | |||
| Common Dividends Paid | -1.85B | -1.85B | -2.30B | -2.24B | -2.06B | -2.30B |
| Other Financing Activities | -164.00M | -164.00M | -109.00M | -350.00M | -295.00M | -128.00M |
| Financing Cash Flow | -3.78B | -3.78B | -1.49B | -3.11B | -3.04B | -4.37B |
| Foreign Exchange Rate Adjustments | -18.00M | -18.00M | -35.00M | -33.00M | -76.00M | -38.00M |
| Miscellaneous Cash Flow Adjustments | -292.00M | -292.00M | 21.00M | -30.00M | ||
| Net Cash Flow | -684.00M | -684.00M | 1.07B | -659.00M | -907.00M | -990.00M |
| Free Cash Flow | 3.19B | 3.19B | 2.69B | 2.60B | 2.22B | 3.76B |
| Free Cash Flow Margin | 16.27% | 16.27% | 13.26% | 12.80% | 10.79% | 18.31% |
| Free Cash Flow Per Share | 1.43 | 1.43 | 1.21 | 1.16 | 0.98 | 1.61 |
| Levered Free Cash Flow | 2.57B | 2.57B | 1.64B | 1.62B | 932.75M | 2.20B |
| Unlevered Free Cash Flow | 3.23B | 3.23B | 2.32B | 2.32B | 1.52B | 2.90B |
| Cash Interest Paid | 1.04B | 1.04B | 980.00M | 1.02B | 822.00M | 582.00M |
| Cash Income Tax Paid | 817.00M | 817.00M | 1.11B | 1.10B | 1.44B | 1.26B |
| Change in Working Capital | 76.00M | 76.00M | -77.00M | -768.00M | -1.41B | -241.00M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 53.89B | 44.92B | 55.66B | 69.85B | 96.44B | 96.14B |
| Enterprise Value | 76.64B | 68.75B | 80.89B | 92.42B | 118.48B | 113.16B |
| Last Close Price | 97.63 | 79.39 | 96.17 | 116.26 | 156.05 | 152.17 |
| PE Ratio | 30.98 | 25.86 | 23.64 | 18.05 | 21.70 | 22.46 |
| PS Ratio | 2.74 | 2.29 | 2.75 | 3.45 | 4.69 | 4.69 |
| PB Ratio | 4.16 | 3.47 | 4.22 | 5.79 | 8.24 | 8.35 |
| P/FCF Ratio | 16.87 | 14.06 | 20.73 | 26.91 | 43.46 | 25.60 |
| P/OCF Ratio | 12.27 | 10.23 | 12.95 | 17.02 | 26.52 | 18.44 |
| EV/Sales Ratio | 3.90 | 3.50 | 4.00 | 4.56 | 5.76 | 5.52 |
| EV/EBITDA Ratio | 11.92 | 10.69 | 12.89 | 13.85 | 17.02 | 16.08 |
| EV/EBIT Ratio | 13.32 | 11.94 | 14.13 | 15.40 | 18.61 | 17.72 |
| EV/FCF Ratio | 23.99 | 21.52 | 30.13 | 35.61 | 53.39 | 30.13 |
| Debt / Equity Ratio | 1.71 | 1.71 | 1.85 | 1.86 | 1.86 | 1.68 |
| Debt / EBITDA Ratio | 3.45 | 3.45 | 3.81 | 3.37 | 3.14 | 2.75 |
| Debt / FCF Ratio | 6.95 | 6.95 | 9.09 | 8.66 | 9.84 | 5.16 |
| Net Debt / Equity Ratio | 1.58 | 1.58 | 1.66 | 1.75 | 1.69 | 1.44 |
| Net Debt / EBITDA Ratio | 3.17 | 3.17 | 3.49 | 3.16 | 2.84 | 2.36 |
| Net Debt / FCF Ratio | 6.39 | 6.39 | 8.15 | 8.12 | 8.91 | 4.42 |
| Asset Turnover | 0.41 | 0.41 | 0.43 | 0.45 | 0.46 | 0.50 |
| Inventory Turnover | 0.74 | 0.74 | 0.79 | 0.83 | 0.90 | 1.00 |
| Quick Ratio | 0.49 | 0.49 | 0.59 | 0.50 | 0.57 | 0.64 |
| Current Ratio | 1.60 | 1.60 | 1.63 | 1.53 | 1.63 | 1.53 |
| Return on Equity (ROE) | 14.99% | 14.99% | 20.11% | 35.04% | 38.58% | 40.73% |
| Return on Assets (ROA) | 7.48% | 7.48% | 7.55% | 8.30% | 8.93% | 9.66% |
| Return on Invested Capital (ROIC) | 13.17% | 12.85% | 12.05% | 14.17% | 16.96% | 17.05% |
| Return on Capital Employed (ROCE) | 15.90% | 15.90% | 14.80% | 16.80% | 18.00% | 18.80% |
| Earnings Yield | 3.23% | 3.87% | 4.23% | 5.54% | 4.61% | 4.45% |
| FCF Yield | 5.93% | 7.11% | 4.82% | 3.72% | 2.30% | 3.91% |
| Dividend Yield | 1.97% | 2.48% | 4.13% | 3.29% | 2.29% | 2.16% |
| Payout Ratio | 61.02% | 106.28% | 97.62% | 57.93% | 46.46% | 53.74% |
| Buyback Yield / Dilution | -0.14% | -0.14% | 0.49% | 1.41% | 2.32% | 0.85% |
| Total Shareholder Return | 1.83% | 2.34% | 4.62% | 4.70% | 4.62% | 3.01% |