WPP plc income statement
In fiscal 2025, WPP plc reported revenue of $17.87bn, down 5.1% on the year before, operating income of $504m (a 2.8% margin) and net income of −$284m, or −$1.32 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 | 18.7 | 20.2 | 16.9 | 17.4 | 16.9 | 15.4 | 17.6 | 17.9 | 18.5 | 18.8 | 17.9 |
| Cost of revenue | 14.8 | 16.1 | 13.5 | 14.1 | 13.8 | 12.8 | 14.6 | 14.7 | 15.3 | 15.7 | 15.0 |
| Gross profit | 3.9 | 4.1 | 3.4 | 3.3 | 3.1 | 2.6 | 3.0 | 3.1 | 3.1 | 3.1 | 2.8 |
| Operating income | 2.5 | 2.8 | 2.0 | 1.7 | 1.7 | −2.9 | 1.7 | 1.7 | 0.7 | 1.7 | 0.5 |
| Interest expense | 0.3 | 0.3 | 0.3 | 0.4 | −0.1 | −0.1 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 |
| Income before tax | 2.3 | 2.6 | 2.4 | 1.4 | 1.6 | −3.6 | 1.3 | 1.4 | 0.4 | 1.3 | 0.2 |
| Income tax | 0.4 | 0.5 | 0.1 | 0.3 | 0.4 | 0.2 | 0.3 | 0.5 | 0.2 | 0.5 | 0.4 |
| Net income | 1.8 | 1.9 | 2.5 | 1.1 | 1.1 | −3.8 | 0.9 | 0.8 | 0.1 | 0.7 | −0.3 |
| Diluted EPS | $6.76 | $7.32 | $9.92 | $4.37 | $4.30 | −$15.59 | $3.61 | $3.79 | $0.63 | $3.16 | −$1.32 |
| Diluted shares (average) | 263m | 259m | 255m | 252m | 252m | 245m | 243m | 223m | 219m | 219m | 215m |
| EBITDA | 2.8 | 3.1 | 2.3 | 1.9 | 2.3 | −2.2 | 2.3 | 2.2 | 1.2 | — | — |
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