Coty (COTY) FY2025 results: revenue $5.9 billion, down 3.7% on the year

Coty Inc. (COTY) reported revenue of $5.9 billion for fiscal 2025, the year ended 30 June 2025, down 3.7% on the year before. Net income was -$368 million, and diluted earnings per share $-0.44. The figures are the company's own, from the 10-K it filed with the SEC on 21 August 2025.

Revenue

$5.9 billion

-3.7% on the year

FY2018FY2025

Operating margin

4.1%

8.9% a year earlier

FY2018FY2025

Net income

-$368 million

FY2018FY2025

Diluted EPS

-$0.44

FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ million	FY2025	FY2024	FY2023	On the year
Revenue	5,893	6,118	5,554	-3.7%
Cost of revenue	2,072	2,179	2,007	-4.9%
Gross profit	3,821	3,939	3,547	-3.0%
Gross margin	64.8%	64.4%	63.9%
Research and development	123	127	105	-3.0%
Selling, general and administrative	3,103	3,162	2,818	-1.9%
Operating income	241	547	544	-55.9%
Operating margin	4.1%	8.9%	9.8%
Interest expense	227	252	261	-9.8%
Pre-tax income	-345	204	705
Income tax	5.4	95.1	182	-94.3%
Effective tax rate	n/a	46.5%	25.8%
Net income	-368	89.4	508
Net margin	-6.2%	1.5%	9.1%
Diluted EPS	-$0.44	$0.09	$0.57

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2025	FY2024	FY2023	On the year
Operating cash flow	493	615	626	-19.9%
Capital expenditure	215	245	223	-12.3%
Free cash flow	278	369	403	-24.9%
Free cash flow margin	4.7%	6.0%	7.3%
Cash from investing	-128	-226	-118
Cash from financing	-427	-337	-469
Depreciation and amortisation	420	421	427	-0.3%
Share-based compensation	50.0	88.8	136	-43.7%
Dividends paid	13.3	13.4	13.7	-0.7%
Diluted shares, weighted	871m	883m	886m	-1.4%
Shares outstanding at period end	872m	868m	853m	+0.5%

Balance sheet

$ million	FY2025	FY2024	FY2023	On the year
Shareholders' equity	3,543	3,827	3,811	-7.4%
Non-controlling interest	176	185	186	-4.5%
Redeemable equity	142	142	142	0.0%
Short-term borrowings	0.0	0.0	n/a
Debt	3,956	3,842	4,236	+3.0%
Operating lease liabilities	222	219	248	+1.4%
Other liabilities	3,869	3,868	4,038	+0.0%
Total liabilities and equity	11,908	12,082	12,662	-1.4%
Fixed assets	709	719	713	-1.3%
Goodwill	4,062	3,906	3,988	+4.0%
Intangible assets	3,215	3,566	3,798	-9.8%
Cash and equivalents	257	301	247	-14.5%
Receivables	526	442	361	+19.2%
Inventory	794	764	853	+4.0%
Other assets	2,344	2,386	2,702	-1.8%
Total assets	11,908	12,082	12,662	-1.4%

10-K for the year ended 30 June 2025, filed 21 August 2025: the filing.