A 
Adidas ADS.DE · EUR
Consumer Discretionary · Textiles, Apparel & Luxury Goods · XETRA · 🇩🇪 Germany
DAXEuro Stoxx 50
178.45
+2.23%
Close of 9 Nov 2026, in EUR
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€24.81bn
FY2016FY2025
Net income
€1.34bn
FY2016FY2025
Free cash flow
€274.0m
FY2016FY2025
Shareholders' equity
€5.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €24.81bn | €23.68bn | €21.43bn | €22.51bn | €21.23bn | €19.84bn | €23.64bn | €21.91bn | €21.22bn | €19.29bn |
| Gross profit | €11.69bn | €12.03bn | €10.18bn | €10.64bn | €10.77bn | €9.85bn | €12.29bn | €11.36bn | €10.70bn | €9.38bn |
| Research and development | €154.0m | — | €151.0m | €153.0m | €130.0m | €115.0m | €152.0m | €153.0m | €187.0m | €164.0m |
| Operating income | €1.97bn | €1.34bn | €280.0m | €669.0m | €1.99bn | €751.0m | €2.66bn | €2.38bn | €2.07bn | €1.49bn |
| Net income | €1.34bn | €764.0m | −€75.0m | €638.0m | €2.16bn | €443.0m | €1.98bn | €1.70bn | €1.10bn | €1.02bn |
| Diluted earnings per share | 7.50 | 4.28 | -0.42 | 3.51 | 11.10 | 2.27 | 10.14 | 8.73 | 5.63 | 5.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €20.26bn | €20.66bn | €18.02bn | €20.30bn | €22.14bn | €21.05bn | €20.68bn | €15.61bn | €14.52bn | €15.18bn |
| Cash and short-term investments | €1.64bn | €2.48bn | €1.48bn | €966.0m | €3.94bn | €4.24bn | €2.66bn | €2.90bn | €1.84bn | €1.78bn |
| Total liabilities | €14.14bn | €14.79bn | €13.10bn | €14.95bn | €14.30bn | €14.36bn | €13.62bn | €9.25bn | €8.09bn | €8.72bn |
| Debt | €5.55bn | €5.59bn | €5.56bn | €6.46bn | €5.33bn | €5.89bn | €4.77bn | €1.77bn | €1.12bn | €1.63bn |
| Shareholders' equity | €5.78bn | €5.48bn | €4.58bn | €4.99bn | €7.52bn | €6.45bn | €6.80bn | €6.38bn | €6.45bn | €6.47bn |
| Shares outstanding | 179m | 179m | 179m | 182m | 194m | 195m | 195m | 195m | 195m | 195m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €751.0m | €2.91bn | €2.55bn | −€543.0m | €3.19bn | €1.49bn | €2.82bn | €2.69bn | €1.65bn | €1.35bn |
| Capital spending | −€477.0m | −€540.0m | −€504.0m | −€695.0m | −€667.0m | −€443.0m | −€708.0m | −€707.0m | −€752.0m | −€651.0m |
| Free cash flow | €274.0m | €2.37bn | €2.05bn | −€1.24bn | €2.52bn | €1.04bn | €2.11bn | €1.98bn | €896.0m | €697.0m |
| Dividends paid | −€357.0m | −€125.0m | −€125.0m | −€610.0m | −€585.0m | −€585.0m | −€664.0m | −€528.0m | −€405.0m | −€320.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €6.74bn | €6.59bn | €6.08bn | €6.63bn | €5.95bn | €6.15bn | €5.96bn | €6.44bn |
| Gross profit | €3.54bn | €3.37bn | €3.09bn | €3.44bn | €3.08bn | €3.21bn | €2.97bn | €3.30bn |
| Operating income | €574.0m | €706.0m | €211.0m | €736.0m | €546.0m | €610.0m | €57.0m | €598.0m |
| Net income | €355.0m | €482.0m | €81.0m | €461.0m | €369.0m | €428.0m | −€39.0m | €443.0m |
| Diluted earnings per share | 1.87 | 2.54 | 0.45 | 2.58 | 2.07 | 2.40 | -0.22 | 2.48 |
| Cash from operations | €994.0m | −€350.0m | €1.03bn | €641.0m | €18.0m | −€934.0m | €1.19bn | €956.0m |
| Capital spending | −€99.0m | −€72.0m | −€187.0m | −€119.0m | −€106.0m | −€65.0m | −€242.0m | −€121.0m |
| Free cash flow | €895.0m | −€422.0m | €839.0m | €522.0m | −€88.0m | −€999.0m | €944.0m | €835.0m |
| Total assets | €21.06bn | €20.45bn | €20.26bn | €20.15bn | €19.50bn | €20.09bn | €20.66bn | €19.61bn |
| Cash and short-term investments | €1.56bn | €1.49bn | €1.64bn | €1.70bn | €1.43bn | €1.43bn | €2.48bn | €2.59bn |
| Debt | €3.67bn | €3.61bn | €6.16bn | €5.43bn | €5.48bn | €5.57bn | €5.59bn | €5.58bn |
| Shareholders' equity | €5.96bn | €5.99bn | €5.78bn | €5.70bn | €5.20bn | €5.71bn | €5.48bn | €5.16bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 47.1% | 50.8% | 47.5% | 47.3% | 50.7% | 49.7% | — |
| Operating margin | 7.9% | 5.6% | 1.3% | 3.0% | 9.4% | 3.8% | — |
| Net margin | 5.4% | 3.2% | -0.4% | 2.8% | 10.2% | 2.2% | — |
| Return on equity | 23.2% | 14.0% | -1.6% | 12.8% | 28.7% | 6.9% | — |
| Return on assets | 6.6% | 3.7% | -0.4% | 3.1% | 9.7% | 2.1% | — |
| Free cash flow yield | 4.7% | 13.3% | 11.8% | 0.6% | 13.6% | 6.8% | — |
| Revenue growth | 4.8% | 10.5% | -4.8% | 6.0% | 7.0% | -16.1% | — |
| Earnings growth | 75.4% | -1118.7% | -111.8% | -70.4% | 387.1% | -77.6% | — |
| Current ratio | 1.32x | 1.24x | 1.22x | 1.27x | 1.56x | 1.38x | — |
| Debt to equity | 0.56x | 0.56x | 0.77x | 0.82x | 0.41x | 0.58x | — |
| Equity ratio | 28.5% | 26.5% | 25.4% | 24.6% | 34.0% | 30.7% | — |
| Interest coverage | 9.00x | 6.82x | 1.77x | 4.88x | 11.22x | 4.58x | — |
| R&D as a share of sales | 0.6% | — | 0.7% | 0.7% | 0.6% | 0.6% | 0.6% |
| Buybacks as a share of market value | -0.1% | -0.0% | 1.7% | 6.5% | 0.3% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.3% | 4.6% | 3.9% |
| Operating income | 43.4% | 21.3% | 6.4% |
| Net income | 28.1% | 24.8% | 7.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 48.9% | 48.2% | 48.8% | 49.5% |
| Operating margin | 6.8% | 4.6% | 5.2% | 7.0% |
| Net margin | 4.3% | 2.9% | 3.9% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.5 | 55.4 | -438.5 | 36.3 | 22.8 | 131.1 | 28.6 | 20.9 | 29.7 | 28.8 |
| Price to sales | 1.2 | 1.8 | 1.5 | 1.0 | 2.3 | 2.9 | 2.4 | 1.6 | 1.5 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.80 | 2.00 | 0.70 | 0.70 | 3.30 | 3.00 | 3.35 | 2.60 |
- 1-to-1 reverse split · 11 Oct 2010
- 4-for-1 split · 6 Jun 2006
- 1-to-1 reverse split · 15 Dec 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.