GSK plc (GSK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 7.63B | 8.62B | 8.55B | 7.99B | 7.52B | 8.12B | 8.01B | 7.88B | 7.36B | 8.05B | 8.15B | 7.18B | 6.95B | 7.38B | 7.83B | 6.93B | 7.19B | 9.53B | 6.63B | 5.84B |
| Revenue Growth % | 1.5% | 6.17% | 6.68% | 1.29% | 2.08% | 0.81% | -1.66% | 9.84% | 5.93% | 9.16% | 4.06% | 3.59% | -3.32% | -22.58% | 18.14% | 18.69% | -3.07% | 9.02% | -23.35% | -23.43% |
| Cost of Goods Sold | 1.88B | 2.66B | 2.26B | 2.17B | 1.94B | 2.56B | 2.4B | 2.12B | 1.97B | 2.42B | 2.27B | 1.93B | 1.94B | 2.24B | 2.42B | 2.18B | 2.72B | 3.68B | 2.02B | 1.71B |
| COGS % of Revenue | 24.58% | 30.83% | 26.42% | 27.11% | 25.77% | 31.53% | 29.92% | 26.92% | 26.76% | 30.03% | 27.89% | 26.92% | 27.95% | 30.34% | 30.95% | 31.4% | 37.79% | 38.63% | 30.42% | 29.26% |
| Gross Profit | 5.75B | 5.96B | 6.29B | 5.82B | 5.58B | 5.56B | 5.62B | 5.76B | 5.39B | 5.63B | 5.88B | 5.25B | 5.01B | 5.14B | 5.41B | 4.75B | 4.47B | 5.85B | 4.61B | 4.13B |
| Gross Margin % | 75.42% | 69.17% | 73.58% | 72.89% | 74.23% | 68.47% | 70.08% | 73.08% | 73.24% | 69.97% | 72.11% | 73.08% | 72.05% | 69.66% | 69.05% | 68.6% | 62.21% | 61.37% | 69.58% | 70.74% |
| Gross Profit Growth % | 3.14% | 7.25% | 12% | 1.02% | 3.45% | -1.35% | -4.43% | 9.84% | 7.69% | 9.65% | 8.68% | 10.37% | 11.96% | -12.13% | 17.24% | 15.08% | -9.42% | 5.01% | -19.96% | -20.19% |
| Operating Expenses | 3.46B | 4.46B | 3.7B | 3.8B | 3.36B | 4.86B | 5.43B | 4.12B | 3.9B | 5.06B | 3.93B | 3.1B | 2.93B | 3.27B | 4.21B | 3.67B | 2.18B | 4.95B | 3.23B | 2.85B |
| OpEx % of Revenue | 45.37% | 51.69% | 43.24% | 47.56% | 44.74% | 59.9% | 67.72% | 52.21% | 53.01% | 62.85% | 48.19% | 43.26% | 42.09% | 44.33% | 53.84% | 52.99% | 30.32% | 51.98% | 48.76% | 48.9% |
| Selling, General & Admin | 2.12B | 2.64B | 2.24B | 2.14B | 2.07B | 2.66B | 3.8B | 2.46B | 2.09B | 2.68B | 2.3B | 2.27B | 2.14B | 2.44B | 2.06B | 2.07B | 1.81B | 3.26B | 1.68B | 1.69B |
| SG&A % of Revenue | 27.78% | 30.62% | 26.2% | 26.8% | 27.54% | 32.81% | 47.43% | 31.27% | 28.34% | 33.26% | 28.18% | 31.6% | 30.83% | 33.05% | 26.26% | 29.82% | 25.2% | 34.22% | 25.34% | 28.93% |
| Research & Development | 1.69B | 2.35B | 1.69B | 2.02B | 1.46B | 2.03B | 1.46B | 1.48B | 1.43B | 2.05B | 1.57B | 1.34B | 1.26B | 1.8B | 1.35B | 1.24B | 1.1B | 1.45B | 1.42B | 1.17B |
| R&D % of Revenue | 22.18% | 27.27% | 19.76% | 25.34% | 19.45% | 25.02% | 18.21% | 18.73% | 19.48% | 25.42% | 19.33% | 18.68% | 18.13% | 24.36% | 17.19% | 17.92% | 15.34% | 15.2% | 21.37% | 19.99% |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K |
| Operating Income | 2.29B | 1.51B | 2.59B | 2.02B | 2.22B | 696M | 189M | 1.65B | 1.49B | 573M | 1.95B | 2.14B | 2.08B | 1.87B | 1.19B | 1.08B | 2.29B | 895M | 1.38B | 1.27B |
| Operating Margin % | 30.06% | 17.48% | 30.34% | 25.33% | 29.48% | 8.57% | 2.36% | 20.88% | 20.24% | 7.12% | 23.92% | 29.83% | 29.95% | 25.33% | 15.21% | 15.6% | 31.89% | 9.39% | 20.82% | 21.84% |
| Operating Income Growth % | 3.47% | 116.38% | 1271.96% | 22.9% | 48.72% | 21.47% | -90.3% | -23.12% | -28.43% | -69.33% | 63.64% | 98.06% | -9.2% | 108.72% | -13.7% | -15.22% | 35.44% | -15.65% | -25.73% | -55.26% |
| EBITDA | 2.76B | 2.29B | 3.33B | 3.18B | 3.04B | 1.11B | 1.14B | 2.29B | 2.04B | 1.2B | 2.53B | 2.59B | 2.72B | 2.31B | 2.15B | 2B | 2.71B | 1.26B | 2.29B | 1.82B |
| EBITDA Margin % | 36.13% | 26.56% | 38.97% | 39.84% | 40.43% | 13.65% | 14.23% | 28.98% | 27.69% | 14.85% | 31.03% | 36.12% | 39.16% | 31.31% | 27.42% | 28.84% | 37.71% | 13.24% | 34.54% | 31.18% |
| EBITDA Growth % | -9.31% | 106.56% | 192.19% | 39.26% | 49.04% | -7.36% | -54.91% | -11.88% | -25.09% | -48.22% | 17.75% | 29.78% | 0.41% | 83.17% | -6.2% | 9.78% | 31.99% | -61.51% | -8.4% | -40.21% |
| D&A (Non-Cash Add-back) | 463M | 782.68M | 738M | 1.16B | 823M | 412M | 951M | 639M | 549M | 623M | 579M | 452M | 640M | 441.75M | 956M | 917M | 418M | 366M | 909M | 545M |
| EBIT | 2.31B | 1.12B | 2.62B | 2.07B | 2.27B | 707M | 220M | 1.67B | 1.52B | 534M | 1.97B | 2.17B | 2.11B | 1.84B | 1.21B | 1.1B | 2.3B | 890M | 1.39B | 1.26B |
| Net Interest Income | -145M | -174M | -141M | -134M | -108M | -195M | -124M | -150M | -134M | -239.44M | -158M | -152M | -174M | -233.3M | -178M | -183M | -198M | -186.82M | -191M | -185M |
| Interest Income | 22M | 0 | 26M | 50M | 54M | -51M | 32M | 24M | 32M | 35.98M | 24M | 33M | 29M | 24.86M | 22M | 21M | 7M | 999.05K | 4M | 7M |
| Interest Expense | 167M | 174M | 167M | 184M | 162M | 144M | 156M | 174M | 166M | 275.41M | 182M | 185M | 203M | 258.17M | 200M | 204M | 205M | 187.82M | 195M | 192M |
| Other Income/Expense | -149M | -556M | -137M | -136M | -108M | -133M | -125M | -151M | -135M | -194M | -158M | -154M | -175M | -242M | -179M | -185M | -199M | -189M | -188M | -205M |
| Pretax Income | 2.14B | 950M | 2.46B | 1.89B | 2.11B | 563M | 64M | 1.5B | 1.35B | 379M | 1.79B | 1.99B | 1.91B | 1.63B | 1.01B | 896M | 2.09B | 706M | 1.19B | 1.07B |
| Pretax Margin % | 28.1% | 11.02% | 28.74% | 23.63% | 28.05% | 6.94% | 0.8% | 18.96% | 18.4% | 4.71% | 21.98% | 27.68% | 27.43% | 22.04% | 12.93% | 12.93% | 29.12% | 7.41% | 17.99% | 18.33% |
| Income Tax | 305M | 223M | 312M | 241M | 336M | 62M | -1M | 191M | 274M | -19M | 257M | 242M | 276M | 1M | 233M | 150M | 323M | -224M | 246M | -201M |
| Effective Tax Rate % | 14.23% | 23.47% | 12.7% | 12.77% | 15.94% | 11.01% | -1.56% | 12.78% | 20.22% | -5.01% | 14.35% | 12.18% | 14.47% | 0.06% | 23.02% | 16.74% | 15.43% | -31.73% | 20.64% | -18.79% |
| Net Income | 1.74B | 636M | 2.01B | 1.44B | 1.62B | 414M | -58M | 1.17B | 1.05B | 350M | 1.46B | 1.62B | 1.49B | 1.46B | 10.82B | 838M | 1.8B | 749M | 1.37B | 1.4B |
| Net Margin % | 22.77% | 7.38% | 23.55% | 18.07% | 21.61% | 5.1% | -0.72% | 14.88% | 14.21% | 4.35% | 17.97% | 22.62% | 21.44% | 19.81% | 138.22% | 12.09% | 25.06% | 7.86% | 20.64% | 23.9% |
| Net Income Growth % | 6.96% | 53.62% | 3570.69% | 23.02% | 55.26% | 18.29% | -103.96% | -27.77% | -29.8% | -76.04% | -86.47% | 93.79% | -17.31% | 95.06% | 691.01% | -39.93% | 67.94% | 10.64% | 9.97% | -38.36% |
| Net Income (Continuing) | 1.84B | 727M | 2.14B | 1.65B | 1.77B | 501M | 65M | 1.3B | 1.08B | 398M | 1.53B | 1.75B | 1.63B | 1.63B | 779M | 746M | 1.77B | 930M | 946M | 1.27B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K |
| Minority Interest | -567.04M | -420.26M | -533.12M | -598.84M | -649.25M | -585M | -555M | -760.99M | -771.85M | -703.69M | -627.36M | -676.36M | -628.12M | -502M | -486.71M | 7.61B | -660.96M | 8.52B | 8.52B | 8.57B |
| EPS (Diluted) | 0.86 | 0.82 | 0.98 | 0.70 | 0.78 | 0.20 | -0.03 | 0.56 | 0.50 | 0.17 | 0.72 | 0.80 | 0.72 | 0.74 | 0.38 | 0.42 | 0.88 | 0.36 | 0.58 | 0.70 |
| EPS Growth % | 10.26% | 310% | 3600% | 25% | 56% | 17.65% | -103.89% | -30% | -30.56% | -77.03% | 89.47% | 90.48% | -18.18% | 105.56% | -34.48% | -40% | 62.96% | 5.88% | -6.45% | -37.5% |
| EPS (Basic) | 0.86 | 0.84 | 1.00 | 0.72 | 0.80 | 0.20 | -0.03 | 0.58 | 0.52 | 0.17 | 0.72 | 0.80 | 0.74 | 0.74 | 0.38 | 0.42 | 0.90 | 0.38 | 0.58 | 0.70 |
| Diluted Shares Outstanding | 2.04B | 1.02B | 2.05B | 2.06B | 2.07B | 2.07B | 2.04B | 2.06B | 2.06B | 2.06B | 2.06B | 2.05B | 2.04B | 2.05B | 2.04B | 2.03B | 2.03B | 2.04B | 2.03B | 2.02B |
| Basic Shares Outstanding | 2.01B | 1B | 2.02B | 2.03B | 2.04B | 2.04B | 2.04B | 2.04B | 2.03B | 2.03B | 2.03B | 2.03B | 2.02B | 2.02B | 2.02B | 2.01B | 2.01B | 2B | 2B | 2B |
| Dividend Payout Ratio | 37.02% | 98.82% | 44.98% | 45.46% | 37.68% | 147.83% | - | 55.58% | 68.85% | 192.68% | 38.73% | 34.3% | 37.25% | 47.7% | 7.39% | 137.95% | 52.83% | 167.67% | 96.24% | 115.81% |