Financials · AZN

AstraZeneca PLC (AZN) financials

For fiscal 2025 (ended Dec 31, 2025), AstraZeneca PLC reported $58.74B of revenue and $10.22B of net income.

Revenue, FY2025
$58.74B
Revenue growth, YoY
+8.6%
Net income, FY2025
$10.22B
Net income growth, YoY
+45.3%
Net margin
17.4%
Free cash flow, FY2025
$11.77B
EPS, diluted, FY2025
$6.54
EPS growth, YoY
+45.3%
Cash
$5.71B
Total debt
$27.82B
P/E
28.27
P/S
4.92
Market cap
$289.10B
Annual revenue$58.74B
FY2016FY2025
Annual net income$10.22B
FY2016FY2025
Annual free cash flow$11.77B
FY2016FY2025

AZN revenue and earnings growth

AZN revenueFY2025$58.74B

FY YoY
+8.6%
5Y CAGR
+17.2%
10Y CAGR
+9.0%

AZN revenue was $58.74B for fiscal 2025 (ended Dec 31, 2025), up 8.6% from fiscal 2024. Compound annual growth was +17.2% over 5 years and +9.0% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

AZN net incomeFY2025$10.22B

FY YoY
+45.3%
5Y CAGR
+26.2%
10Y CAGR
+13.7%

AZN net income was $10.22B for fiscal 2025 (ended Dec 31, 2025), up 45.3% from fiscal 2024. Compound annual growth was +26.2% over 5 years and +13.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

AZN EPSFY2025$6.54

FY YoY
+45.3%
5Y CAGR
+21.8%
10Y CAGR
+11.4%

AZN diluted EPS was $6.54 for fiscal 2025 (ended Dec 31, 2025), up 45.3% from fiscal 2024. Compound annual growth was +21.8% over 5 years and +11.4% over 10 years.

AZN free cash flowFY2025$11.77B

FY YoY
+18.4%
5Y CAGR
+25.1%
10Y CAGR
+19.4%

AZN free cash flow was $11.77B for fiscal 2025 (ended Dec 31, 2025), up 18.4% from fiscal 2024. Compound annual growth was +25.1% over 5 years and +19.4% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$58.74B$54.07B$45.81B$44.35B$37.42B$26.62B$24.38B$22.09B$22.46B$23.00B
Cost of revenue$10.63B$10.21B$8.27B$12.39B$12.44B$5.30B$4.92B$4.94B$4.32B$4.13B
Gross profit$48.11B$43.87B$37.54B$31.96B$24.98B$21.32B$19.46B$17.15B$18.15B$18.88B
Research and development$14.23B$13.58B$10.94B$9.76B$9.74B$5.99B$6.06B$5.93B$5.76B$5.89B
Selling, general and admin$19.93B$19.98B$19.22B$18.42B$15.23B$11.29B$11.68B$10.03B$10.23B$9.41B
Operating income$13.74B$10.00B$8.19B$3.76B$1.06B$5.16B$2.92B$3.39B$3.68B$4.90B
Interest expense$1.69B$1.74B$1.63B$1.35B$1.30B$1.31B$1.43B$1.42B$1.51B$1.38B
Pre-tax income$12.40B$8.69B$6.90B$2.50B-$265.00M$3.92B$1.55B$1.99B$2.23B$3.55B
Income tax$2.17B$1.65B$938.00M-$792.00M-$380.00M$772.00M$321.00M-$57.00M-$641.00M$146.00M
Net income$10.22B$7.04B$5.96B$3.29B$112.00M$3.20B$1.33B$2.15B$3.00B$3.50B
EPS, basic$6.60$4.54$3.84$2.12$0.08$2.44$1.03$1.70$2.37$2.77
EPS, diluted$6.54$4.50$3.81$2.11$0.08$2.44$1.03$1.70$2.37$2.76
Diluted shares1.56B1.56B1.56B1.56B1.43B1.31B1.30B1.27B1.27B1.27B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$5.71B$5.49B$5.84B$6.17B$6.33B$7.83B$5.37B$4.83B$3.32B$5.02B
Short-term investments$8.00M$37.00M--------
Receivables$15.18B$12.97B$12.13B$10.52B$9.64B$7.02B$5.76B$5.57B$5.01B$4.57B
Inventory$6.56B$5.29B$5.42B$4.70B$8.98B$4.02B$3.19B$2.89B$3.04B$2.33B
Current assets$28.72B$25.83B$25.05B$22.59B$26.24B$19.54B$15.56B$15.59B$13.15B$13.26B
Goodwill$21.24B$21.02B$20.05B$19.82B$20.00B$11.85B$11.67B$11.71B$11.82B$11.66B
Total assets$114.07B$104.03B$101.12B$96.48B$105.36B$66.73B$61.38B$60.65B$63.35B$62.53B
Current liabilities$30.62B$27.87B$30.54B$26.29B$22.59B$20.31B$18.12B$16.29B$16.38B$15.26B
Short-term debt$3.10B$2.34B$5.13B$5.31B$1.66B$2.19B$1.82B$1.75B$2.25B$2.31B
Long-term debt$24.71B$26.51B$22.36B$22.96B$28.13B$17.50B$15.73B$17.36B$15.56B$14.50B
Total debt$27.82B$28.84B$27.49B$28.28B$29.79B$19.70B$17.55B$19.11B$17.81B$16.81B
Total liabilities$65.36B$63.16B$61.95B$59.42B$66.08B$51.09B$46.78B$46.61B$46.71B$45.86B
Shareholders' equity$48.67B$40.79B$39.17B$37.06B$39.29B$15.64B$14.60B$14.04B$16.64B$16.67B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$14.57B$11.86B$10.35B$9.81B$5.96B$4.80B$2.97B$2.62B$3.58B$4.14B
Capital expenditures$2.81B$1.92B$1.36B$1.09B$1.09B$961.00M$979.00M$1.04B$1.33B$1.45B
Free cash flow$11.77B$9.94B$8.98B$8.72B$4.87B$3.84B$1.99B$1.57B$2.25B$2.70B
Investing cash flow-$6.81B-$7.98B-$4.06B-$2.96B-$11.06B-$285.00M-$657.00M$963.00M-$2.33B-$3.97B
Financing cash flow-$7.54B-$4.00B-$6.57B-$6.82B$3.65B-$2.20B-$1.76B-$2.04B-$2.94B-$1.32B
Dividends paid$4.97B$4.63B$4.48B$4.36B$3.86B$3.57B$3.59B$3.48B$3.52B$3.56B
Share repurchases$521.00M$81.00M--$149.00M-----
Stock-based compensation$719.00M$660.00M$579.00M$619.00M$615.00M$277.00M$259.00M$219.00M$220.00M$241.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY8.6%18.0%3.3%18.5%40.6%9.2%10.4%-1.7%-2.3%-6.9%
Net income growth, YoY45.3%18.1%81.1%2835.7%-96.5%139.4%-38.1%-28.2%-14.2%23.9%
EPS growth, YoY45.3%18.1%80.6%2537.5%-96.7%136.9%-39.4%-28.3%-14.1%23.8%
Gross margin81.9%81.1%82.0%72.1%66.8%80.1%79.8%77.7%80.8%82.1%
Operating margin23.4%18.5%17.9%8.5%2.8%19.4%12.0%15.3%16.4%21.3%
Net margin17.4%13.0%13.0%7.4%0.3%12.0%5.5%9.8%13.4%15.2%
Free cash flow margin20.0%18.4%19.6%19.7%13.0%14.4%8.2%7.1%10.0%11.7%
Return on equity21.0%17.2%15.2%8.9%0.3%20.4%9.1%15.3%18.0%21.0%
Return on assets9.0%6.8%5.9%3.4%0.1%4.8%2.2%3.6%4.7%5.6%
Current ratio0.940.930.820.861.160.960.860.960.800.87
Debt to equity0.570.710.700.760.761.261.201.361.071.01

Source: XBRL data AstraZeneca PLC files with the SEC, latest filing dated Feb 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

AZN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AZN$58.74B+8.6%$10.22B17.4%$289.10B
JNJ$99.33B+7.8%$16.09B16.2%$664.95B
MRK$67.38B+4.9%$2.45B3.6%$361.71B
NVS$54.53B+8.4%$13.98B25.6%$310.17B
PFE$63.63B+1.3%$4.03B6.3%$167.49B
BMY$50.03B+4.2%$9.24B18.5%$127.01B
SNY€43.63B+6.2%€7.81B17.9%$114.71B
GSK£32.67B+4.1%£5.72B17.5%$101.80B
IQV$17.31B+8.8%$1.40B8.1%$44.80B

AZN FAQ

9 questions
  • What is AZN revenue?
    AstraZeneca PLC (AZN) reported $58.74B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 8.6% from the year before.
  • Is AZN profitable?
    Yes. AstraZeneca PLC earned $10.22B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 17.4%.
  • How much cash and debt does AZN have?
    AstraZeneca PLC reported $5.71B in cash and cash equivalents and $27.82B of debt on its most recent balance sheet in SEC filings.
  • How fast is AZN revenue growing?
    AstraZeneca PLC's revenue changed +8.6% in fiscal 2025, to $58.74B. Its compound annual growth rate was +17.2% over 5 years and +9.0% over 10 years.
  • What is AZN gross margin?
    AstraZeneca PLC's gross profit was $48.11B on $58.74B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 81.9%.
  • What is AZN free cash flow?
    AstraZeneca PLC generated $11.77B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $14.57B less capital expenditures.
  • What is AZN earnings per share?
    Diluted earnings per share were $6.54 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did AZN last report financial results?
    The latest statements here come from AstraZeneca PLC's 20-F filed on Feb 24, 2026, covering the period ended Dec 31, 2025.
  • Where does this AZN financial data come from?
    Quantisnow builds these statements from the structured XBRL data AstraZeneca PLC files with the SEC. It is provided for information only and is not investment advice.