WPP plc balance sheet

At the end of fiscal 2025, WPP plc had shareholders' equity of $3.42bn. It held $3.62bn in cash against $13.05bn of debt: net debt of $9.43bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

WPP plc: balance sheet, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	2.3	2.7	2.8	15.0	17.6	5.2	3.0	2.8	3.3	3.6
Receivables	—	15.3	17.0	16.7	15.7	15.0	15.3	10.9	10.8	9.7	9.8
Inventory	—	0.5	0.6	—	—	—	—	—	—	—	—
Total current assets	—	19.1	33.3	31.1	31.5	32.8	20.7	18.2	17.8	17.1	17.7
Goodwill	15.7	16.3	17.4	16.8	13.4	10.1	10.3	10.2	10.7	9.5	9.3
Total current liabilities	—	20.7	33.8	31.9	31.9	31.7	22.3	21.4	20.8	19.4	19.9
Short-term debt	—	—	—	—	11.7	11.8	0.8	1.4	2.0	1.2	2.0
Long-term debt	—	6.9	8.5	7.2	5.4	6.8	5.7	4.6	9.6	9.4	11.1
Total debt	—	7.4	8.8	7.9	17.0	18.6	6.5	6.0	11.6	10.6	13.0
Shareholders' equity	11.8	11.5	12.8	11.9	10.5	6.5	4.9	4.4	4.3	4.4	3.4
Net debt (negative = net cash)	—	5.1	6.1	5.1	2.0	1.0	1.2	3.0	8.7	7.3	9.4

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from WPP plc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to WPP plc.