M 
Marks and Spencer Group MKS.L · GBp
Consumer Discretionary · Multiline Retail · LSE · 🇬🇧 United Kingdom
FTSE 100
437.60p
+1.02%
Close of 9 Nov 2026, in pence
Search any instrument
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
£17.27bn
FY2017FY2026
Net income
£259.4m
FY2017FY2026
Free cash flow
£453.4m
FY2017FY2026
Shareholders' equity
£3.06bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £17.27bn | £13.82bn | £13.04bn | £11.93bn | £10.89bn | £9.16bn | £10.18bn | £10.38bn | £10.70bn | £10.62bn |
| Gross profit | £4.83bn | £4.61bn | £4.46bn | £4.14bn | £3.75bn | £2.91bn | £3.59bn | £3.83bn | £4.05bn | £4.09bn |
| Research and development | — | — | — | — | — | — | — | £8.4m | £1.7m | — |
| Operating income | £500.2m | £624.3m | £714.2m | £515.1m | £572.2m | −£30.7m | £254.8m | £162.4m | £156.5m | £253.2m |
| Net income | £259.4m | £295.7m | £431.2m | £363.4m | £306.6m | −£198.0m | £23.7m | £41.7m | £25.7m | £117.1m |
| Diluted earnings per share | 0.12 | 0.14 | 0.21 | 0.17 | 0.15 | -0.10 | 0.01 | 0.02 | 0.01 | 0.07 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £10.11bn | £8.82bn | £8.68bn | £9.10bn | £9.44bn | £8.64bn | £10.18bn | £7.20bn | £7.55bn | £8.29bn |
| Cash and short-term investments | £1.01bn | £1.15bn | £1.03bn | £1.08bn | £1.22bn | £692.8m | £260.1m | £427.2m | £221.4m | £483.1m |
| Total liabilities | £6.89bn | £5.87bn | £5.85bn | £6.28bn | £6.53bn | £6.35bn | £6.48bn | £4.52bn | £4.60bn | £5.14bn |
| Debt | £3.42bn | £2.94bn | £3.13bn | £3.63bn | £3.81bn | £4.09bn | £4.18bn | £1.79bn | £1.80bn | £2.23bn |
| Shareholders' equity | £3.06bn | £2.94bn | £2.83bn | £2.81bn | £2.91bn | £2.28bn | £3.70bn | £2.68bn | £2.96bn | £3.16bn |
| Shares outstanding | 2,115m | 2,113m | 2,103m | 2,081m | 2,007m | 1,969m | 1,906m | 1,715m | 1,716m | 1,718m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £1.03bn | £1.31bn | £1.30bn | £1.03bn | £1.38bn | £870.9m | £973.1m | £935.3m | £849.8m | £1.07bn |
| Capital spending | −£574.8m | −£506.9m | −£429.3m | −£410.3m | −£257.4m | −£206.7m | −£328.6m | −£312.9m | −£349.2m | −£410.2m |
| Free cash flow | £453.4m | £806.1m | £872.4m | £619.6m | £1.12bn | £664.2m | £644.5m | £622.4m | £500.6m | £657.5m |
| Dividends paid | −£77.0m | −£60.5m | −£19.6m | — | — | — | −£191.1m | −£303.5m | −£303.4m | −£377.5m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £9.33bn | £7.94bn | £7.34bn | £6.48bn | £6.91bn | £6.13bn | £3.07bn | £6.39bn |
| Gross profit | £9.00bn | £7.94bn | £7.34bn | £6.48bn | −£1.68bn | £5.88bn | £3.07bn | −£1.50bn |
| Operating income | £445.7m | £91.0m | £175.6m | £448.7m | £399.2m | £361.8m | £221.8m | £379.4m |
| Net income | £253.2m | £6.2m | £13.6m | £282.1m | £223.2m | £208.0m | £104.0m | £197.3m |
| Diluted earnings per share | 0.12 | 0.00 | 0.01 | 0.13 | 0.11 | 0.10 | 0.05 | 0.09 |
| Cash from operations | £932.0m | £95.0m | £917.0m | £395.0m | £819.0m | £395.0m | — | £729.0m |
| Capital spending | −£409.0m | −£165.0m | −£243.0m | −£165.0m | −£198.0m | −£190.0m | — | −£182.0m |
| Free cash flow | £523.0m | −£70.0m | £674.0m | £230.0m | £621.0m | £205.0m | — | £547.0m |
| Total assets | £10.11bn | £10.07bn | £8.82bn | £8.68bn | £8.68bn | £8.77bn | £8.77bn | £9.10bn |
| Cash and short-term investments | £1.01bn | £848.6m | £1.15bn | £780.4m | £1.03bn | £837.7m | £837.7m | £1.08bn |
| Debt | £959.9m | £2.99bn | £945.1m | £330.7m | £2.88bn | £335.4m | £2.96bn | £1.56bn |
| Shareholders' equity | £3.06bn | £2.80bn | £2.94bn | £3.04bn | £2.83bn | £2.84bn | £2.85bn | £2.81bn |
Financial ratios
Data as of 9 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 28.0% | 33.3% | 34.2% | 34.7% | 34.5% | 31.8% | — | — |
| Operating margin | 2.9% | 4.9% | 6.5% | 5.2% | 5.6% | 0.3% | — | — |
| Net margin | 1.5% | 2.1% | 3.3% | 3.0% | 2.8% | -2.2% | — | — |
| Return on equity | 8.5% | 10.1% | 15.2% | 12.9% | 10.5% | -8.7% | — | — |
| Return on assets | 2.6% | 3.4% | 5.0% | 4.0% | 3.2% | -2.3% | — | — |
| Free cash flow yield | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | — | — |
| Revenue growth | 25.0% | 6.0% | 9.3% | 9.6% | 18.9% | -10.1% | — | — |
| Earnings growth | -12.3% | -31.4% | 18.7% | 18.5% | -254.8% | -935.4% | — | — |
| Current ratio | 0.86x | 0.87x | 0.86x | 0.80x | 0.92x | 0.69x | — | — |
| Debt to equity | 0.31x | 0.32x | 0.40x | 0.56x | 0.59x | 0.83x | — | — |
| Equity ratio | 30.2% | 33.3% | 32.6% | 30.9% | 30.9% | 26.4% | — | — |
| Interest coverage | 2.53x | 4.10x | 4.87x | 3.14x | 2.83x | 0.11x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.0% |
| Buybacks as a share of market value | -0.1% | -0.5% | -1.1% | -3.7% | -1.9% | -3.3% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.1% | 13.5% | 5.0% |
| Operating income | -1.0% | — | -1.5% |
| Net income | -10.6% | — | -4.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.4% | 32.2% | 32.5% | 34.5% |
| Operating margin | 3.6% | 4.2% | 3.8% | 3.4% |
| Net margin | 1.8% | 2.4% | 1.9% | 1.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 33.8 | 23.6 | 18.3 | 15.6 | 8.1 | -23.0 | 109.6 | 87.8 | 156.7 | 43.9 |
| Price to sales | 0.5 | 0.5 | 0.6 | 0.5 | 0.2 | 0.5 | 0.3 | 0.3 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 4 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.038 | 0.03 | 0.01 | 0.039 | 0.136 | 0.293 | 0.065 |
- 1-to-1 reverse split · 5 Oct 2004
- 1.008-to-1 reverse split · 19 Mar 2002
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.