B 
1,913.00p
+3.63%
Close of 9 Nov 2026, in pence
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in GBP, from our data supplier.
Revenue
£28.34bn
FY2016FY2025
Net income
£2.06bn
FY2016FY2025
Free cash flow
£2.38bn
FY2016FY2025
Shareholders' equity
£11.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £28.34bn | £26.31bn | £23.08bn | £21.26bn | £19.52bn | £19.28bn | £18.30bn | £16.82bn | £17.22bn | £17.79bn |
| Research and development | £396.0m | £349.0m | £266.0m | £265.0m | £247.0m | £220.0m | £211.0m | £202.0m | £238.0m | £1.42bn |
| Operating income | £2.61bn | £2.69bn | £2.57bn | £2.05bn | £2.21bn | £1.70bn | £1.74bn | £1.53bn | £1.53bn | £1.48bn |
| Net income | £2.06bn | £1.96bn | £1.86bn | £1.59bn | £1.76bn | £1.30bn | £1.48bn | £1.00bn | £854.0m | £913.0m |
| Diluted earnings per share | 0.68 | 0.64 | 0.61 | 0.51 | 0.55 | 0.40 | 0.46 | 0.31 | 0.27 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £37.68bn | £38.14bn | £32.06bn | £31.46bn | £27.14bn | £27.94bn | £26.04bn | £24.75bn | £23.04bn | £22.98bn |
| Cash and short-term investments | £3.62bn | £3.38bn | £4.11bn | £3.36bn | £3.11bn | £2.96bn | £2.80bn | £3.32bn | £3.28bn | £2.82bn |
| Total liabilities | £25.74bn | £26.36bn | £21.34bn | £19.06bn | £18.66bn | £22.34bn | £20.00bn | £19.13bn | £18.28bn | £19.51bn |
| Debt | £7.54bn | £10.15bn | £6.53bn | £6.86bn | £6.36bn | £6.68bn | £4.75bn | £4.30bn | £4.08bn | £4.42bn |
| Shareholders' equity | £11.78bn | £11.62bn | £10.56bn | £11.21bn | £7.44bn | £4.64bn | £5.41bn | £5.55bn | £4.71bn | £3.44bn |
| Shares outstanding | 3,034m | 3,052m | 3,068m | 3,147m | 3,201m | 3,212m | 3,209m | 3,199m | 3,199m | 3,194m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £3.30bn | £3.92bn | £3.76bn | £2.84bn | £2.45bn | £1.17bn | £1.60bn | £1.20bn | £1.90bn | £1.23bn |
| Capital spending | −£920.0m | −£1.16bn | −£957.0m | −£693.0m | −£462.0m | −£477.0m | −£470.0m | −£358.0m | −£389.0m | −£408.0m |
| Free cash flow | £2.38bn | £2.76bn | £2.80bn | £2.15bn | £1.99bn | £689.0m | £1.13bn | £842.0m | £1.51bn | £821.0m |
| Dividends paid | −£1.03bn | −£937.0m | −£857.0m | −£802.0m | −£777.0m | −£746.0m | −£724.0m | −£703.0m | −£684.0m | −£670.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £14.62bn | £14.77bn | £13.57bn | £13.84bn | £12.48bn | £12.08bn | £11.00bn | £11.52bn |
| Operating income | £1.31bn | £1.35bn | £1.33bn | £1.15bn | £1.27bn | £1.09bn | £1.07bn | £1.07bn |
| Net income | £1.02bn | £1.09bn | £969.0m | £1.01bn | £948.0m | £892.0m | £965.0m | £976.0m |
| Diluted earnings per share | 0.34 | 0.36 | 0.32 | 0.33 | 0.31 | 0.29 | 0.31 | 0.31 |
| Cash from operations | £2.26bn | £3.16bn | £135.0m | £2.94bn | £757.0m | £2.17bn | £1.50bn | £2.23bn |
| Capital spending | −£359.0m | −£544.0m | −£376.0m | −£605.0m | −£385.0m | −£576.0m | −£381.0m | −£489.0m |
| Free cash flow | £1.90bn | £2.62bn | −£241.0m | £2.34bn | £372.0m | £1.59bn | £1.12bn | £1.75bn |
| Total assets | £39.89bn | £37.68bn | £36.00bn | £38.14bn | £37.22bn | £32.06bn | £30.96bn | £31.46bn |
| Cash and short-term investments | £4.36bn | £3.62bn | £2.15bn | £3.38bn | £2.99bn | £4.27bn | £3.41bn | £3.36bn |
| Debt | £7.58bn | £7.54bn | £7.87bn | £8.49bn | £9.20bn | £5.21bn | £5.32bn | £5.72bn |
| Shareholders' equity | £12.38bn | £11.78bn | £10.84bn | £11.62bn | £11.26bn | £10.56bn | £10.62bn | £11.21bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.1% | 8.0% | 5.4% |
| Operating income | 8.4% | 8.9% | 7.5% |
| Net income | 9.0% | 9.7% | 8.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.7% | 10.0% | 10.0% | 9.5% |
| Net margin | 7.4% | 7.5% | 7.6% | 7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.2 | 17.9 | 18.3 | 16.9 | 10.0 | 12.1 | 12.3 | 14.7 | 21.5 | 20.7 |
| Price to sales | 1.8 | 1.3 | 1.5 | 1.3 | 0.9 | 0.8 | 1.0 | 0.9 | 1.1 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 23 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.228 | 0.135 | 0.33 | 0.30 | 0.27 | 0.251 | 0.237 | 0.232 |
- 1-to-1 reverse split · 7 Jan 2003
- 4-for-1 split · 5 May 1998
- 1-to-1 reverse split · 3 Apr 1995
- 1.025-for-1 split · 23 Nov 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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