GSK plc income statement
In fiscal 2025, GSK plc reported revenue of $43.09bn, up 7.5% on the year before, operating income of $10.46bn (a 24.3% margin) and net income of $7.54bn, or $3.66 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 36.6 | 37.8 | 38.9 | 41.2 | 43.1 | 31.2 | 34.0 | 36.3 | 37.7 | 40.1 | 43.1 |
| Cost of revenue | 13.5 | 12.6 | 13.3 | 13.7 | 15.1 | 10.2 | 11.2 | 11.8 | 10.7 | 11.6 | 11.9 |
| Gross profit | 23.0 | 25.2 | 25.6 | 27.5 | 28.0 | 21.1 | 22.8 | 24.5 | 27.1 | 28.5 | 31.2 |
| Research and development | 5.4 | 4.9 | 5.8 | 5.2 | 5.8 | 6.1 | 6.9 | 6.8 | 7.7 | 8.2 | 9.9 |
| Selling and marketing | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 |
| Operating income | 15.8 | 3.5 | 5.3 | 7.3 | 8.9 | 7.7 | 6.0 | 8.0 | 8.4 | 5.1 | 10.5 |
| Interest expense | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
| Income before tax | 16.1 | 2.6 | 4.5 | 6.4 | 7.9 | 6.6 | 5.0 | 7.0 | 7.5 | 4.4 | 9.8 |
| Income tax | 3.3 | 1.2 | 1.7 | 1.0 | 1.2 | 0.1 | 0.1 | 0.9 | 0.9 | 0.7 | 1.5 |
| Net income | 12.9 | 1.2 | 2.0 | 4.8 | 5.9 | 7.4 | 6.0 | 18.5 | 6.1 | 3.3 | 7.5 |
| Diluted EPS | $6.58 | $0.63 | $1.00 | $2.44 | $2.96 | $3.66 | $2.98 | $9.06 | $2.98 | $1.59 | $3.66 |
| Diluted shares (average) | 1,955m | 1,964m | 1,976m | 1,988m | 2,006m | 2,015m | 2,026m | 2,042m | 2,056m | 2,071m | 2,059m |
| EBITDA | 18.3 | 5.9 | 7.7 | 9.8 | 11.9 | 10.3 | 8.9 | 10.6 | 11.2 | 8.4 | 13.5 |
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