Diageo plc (DEO)
Diageo makes and sells spirits and beer. Its products are sold in nearly 180 countries and its brands include Johnnie Walker, Crown Royal and Buchanan's whiskies, Smirnoff and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness. The company reports five regions: North America, Europe, Asia Pacific, Latin America and Caribbean, and Africa. The financial year ends on 30 June and figures are stated in US dollars.
Diageo plc files a 20-F with the SEC once a year, in US dollars. In the year to 30 June 2026 it reported revenue of USD 27,762 million, down 0.7% on the year before. Its profit attributable to shareholders was USD 1,737 million, down 26.2%, and diluted earnings per share USD 0.78.
Diageo (DEO) in brief
Diageo (DEO) reported revenue of USD 27.8 billion for the year to 30 June 2026, down 0.7% on the year before.
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Profit attributable to shareholders was USD 1.7 billion and diluted earnings per share USD 0.78. Revenue was USD 28.0 billion in the year to 30 June 2025, USD 27.9 billion in the year to 30 June 2024, USD 28.3 billion in the year to 30 June 2023 and USD 29.8 billion in the year to 30 June 2022. Profit attributable to shareholders in the same years was USD 2.4 billion, USD 3.9 billion, USD 4.4 billion and USD 4.3 billion. At the close of 10 November 2026 the market cap of Diageo was $56.5 billion, 32.6 times its earnings for the year to 30 June 2026.The share in the US
| Last close | $101.53 on 10 November 2026 |
| 52-week range | $72.47 (24 March 2026) to $102.14 (24 February 2026) |
| Over one year | up 6.8% |
| Market cap | $56.5 billion: 2,224,397,125 shares outstanding at 30 June 2026 (20-F, excluding 208 million own shares, as the 20-F rounds them), each US share standing for 4 ordinary shares |
| P/E, latest fiscal year | 32.6: the last close over diluted EPS for the year to Jun 2026, USD 0.78 per ordinary share times 4, USD 3.12 per US share. The company reports once a year, so this is the latest fiscal year, not the last four quarters. |
US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.
Ratios
From the latest annual report, the year to Jun 2026, in dollars
ROE16.0%
ROCE9.7%
Operating margin11.4%
Net margin6.3%
FCF marginn/a
Interest cover2.63
Debt to equity1.98
Cash conversion2.53
Share count, last 12 months0.1%
Sales CAGR, 3 years-0.6%
Profit CAGR, 3 years-26.9%
EPS$3.12
At the close of 10 November 2026
Price$101.53
Market cap$56.5 billion
Stock P/E32.58
Price to book5.19
EV / EBITDAn/a
Dividend yield3.3%
Market cap / sales2.03
52-week high$102.14
52-week low$72.47
Price, 1 year6.8%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
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The priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Diageo plc's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.DEOgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, times the 4 ordinary shares one US share stands for. Sales and margin are each year's revenue and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet and its share count per US share. The dashed line is the median over the range shown. Drawn in your browser; the range and overlay you pick are remembered here only.The public record on DEO
| Dividends | $1.85 billion paid in cash dividends in FY2026 |
| Filings | 32 in twelve months: 29 reports on Form 6-K, most often batch filing (12); result of annual general meeting (1); change in chair of remuneration committee (1); diageo issues fiscal 27 q1 trading statement (1); publication of restated regional financial results (1) |
| Planned insider sales | no Form 144 notice in twelve months |
| Options tape | put/call 0.68 by open interest at the 10 November 2026 close; the straddle prices a 3.8% move to 20 November 2026 |
| 13F holders | 729 funds reported a position for the quarter to 30 June 2026; largest FMR LLC |
| Congress | 1 House trade disclosed in six months |
| Short interest | 3.0 million shares short, 3.03 days to cover at 30 October 2026 |
Income statement (profit and loss), 5 fiscal years
Play it forward: change any box and its column follows; every box opens at the company's own record, shown under the row's name, and says when you set it outside every year in the table.
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Each column runs from the latest year filed to the year chosen in its heading, at a yearly rate. Sales growth starts at the company's own five-year rate and eases a third of the way each year toward the median of the 11 peers in Beer & Liquor (5.9% a year), because a rate far from the rest rarely lasts. Before you open a year, the strip reads today's price backwards: the yearly sales growth that brings EPS, at the company's own margins, tax and share count, to today's price at the median P/E of the 10 peers in Beer & Liquor (22.6). Low, middle, high opens three columns for one year: the low and high cases take the company's own weaker and stronger years in the table (the lower and upper quarter of its yearly sales growth and operating margin) and the lower and higher of today's P/E and its peers'; the middle is the boxes as they open. Net income keeps the share that went to minority holders; EPS is net income over the diluted shares, on the same basis as the EPS in the table. The price is that year's EPS at the P/E you set, and the yearly return runs from today's price to the year's end. These are your assumptions and your arithmetic, not an estimate of ours. The link carries your columns, so you can send the forecast to someone.| Year to | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 29,751 | 28,270 | 27,891 | 27,964 | 27,762 |
| Cost of sales | 7,923 | 8,289 | 8,071 | 8,072 | 7,962 |
| Gross profit | 12,593 | 12,266 | 12,198 | 12,173 | 11,681 |
| Research and development | 58.0 | 63.0 | 69.0 | 74.0 | 71.0 |
| Operating profit | 5,897 | 5,547 | 6,001 | 4,335 | 3,156 |
| Finance costs | 1,217 | 1,121 | 1,285 | 1,251 | 1,200 |
| Profit before tax | 5,808 | 5,642 | 5,460 | 3,537 | 2,564 |
| Income tax | 1,398 | 1,163 | 1,294 | 999 | 606 |
| Profit for the year | 4,410 | 4,479 | 4,166 | 2,538 | 1,958 |
| Profit attributable to shareholders | 4,280 | 4,445 | 3,870 | 2,354 | 1,737 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
USD million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed.
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A line the company does not file under the standard tag is left out rather than estimated. Profit attributable to shareholders is the profit available to ordinary shareholders, after amounts due to holders of preference shares, as the company files it. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.| Year to | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Diluted EPS | 1.84 | 1.96 | 1.73 | 1.06 | 0.78 |
| Basic EPS | 1.85 | 1.96 | 1.73 | 1.06 | 0.78 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
USD per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.
Revenue by segment
| Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 | Share of the parts, latest year | |
|---|---|---|---|---|---|---|
| Europe | 7,531 | 7,245 | 8,024 | 8,037 | 8,582 | 31.1% |
| North America | 8,888 | 8,859 | 8,514 | 8,636 | 7,991 | 29.0% |
| Asia Pacific | 7,481 | 6,484 | 6,320 | 6,082 | 5,708 | 20.7% |
| Latin America and Caribbean | 2,585 | 2,714 | 2,432 | 2,390 | 2,797 | 10.1% |
| Africa | 3,196 | 2,864 | 2,478 | 2,684 | 2,522 | 9.1% |
EuropeNorth AmericaAsia PacificLatin America and CaribbeanAfrica
USD billion; hover a block for its figure and share
USD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.
Revenue by product or service
| Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 | Share of the parts, latest year | |
|---|---|---|---|---|---|---|
| Spirits | 24,059 | 22,855 | 22,406 | 22,166 | 21,805 | 78.5% |
| Beer | 4,160 | 4,026 | 4,107 | 4,493 | 4,554 | 16.4% |
| Ready to Drink | 1,172 | 1,079 | 949 | 989 | 1,113 | 4.0% |
| Other | 360 | 310 | 429 | 316 | 290 | 1.0% |
SpiritsBeerReady to DrinkOther
USD billion; hover a block for its figure and share
USD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.
Revenue by region
| Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 | Share of the parts, latest year | |
|---|---|---|---|---|---|---|
| Rest of World | 14,206 | 14,038 | 13,754 | 13,604 | 13,983 | 50.4% |
| United States | 8,415 | 8,366 | 8,041 | 8,138 | 7,408 | 26.7% |
| India | 4,282 | 3,301 | 3,247 | 3,233 | 3,213 | 11.6% |
| United Kingdom | 2,848 | 2,565 | 2,849 | 2,989 | 3,158 | 11.4% |
Rest of WorldUnited StatesIndiaUnited Kingdom
USD billion; hover a block for its figure and share
USD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.
Cash flow statement
Follow the cash: free cash flow, which is operating cash flow less capital expenditure and share-based pay, for five years and after, in today's money.
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The figure a share at the top is what a discounted cash flow calls intrinsic value, worked out on your assumptions. Everything after year five is one sum: the sixth year's cash, growing at the long-run rate every year after, added up and brought back to today's money. Each year runs from the latest year filed. Sales growth opens where Play it forward does: the company's own five-year rate, easing a third of the way each year toward the median of the 11 peers in Beer & Liquor (5.9% a year); change a year and the years after it follow. Operating cash flow, capital expenditure and share-based pay open at the company's own median share of sales over its last five years, shown under each row. Share-based pay is taken off because operating cash flow adds back the shares paid to staff as if they cost nothing; set it to 0 to leave it in. Capital spending counts every capital line the company files in its cash flow, such as equipment it leases to customers, software, wells or property it develops, named under the row, while the Capital expenditure row in the table below stays the one line as filed; buying a business, securities or a finished property is not counted. The discount rate opens at 10%, about what US stocks have returned a year over the long run, so it is the return you give up by holding this company instead of the market; the growth after year five opens at 3%, a little under the US economy's long-run growth in dollars, because no company outgrows it for ever. Net debt is the debt and short-term borrowings less the cash on the latest balance sheet that shows the debt; the figure per share divides what is left by the diluted share count. These are your assumptions and your arithmetic, not an estimate of ours. The link carries them, so you can send them to someone.| Year to | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash from operations | 5,213 | 3,636 | 4,105 | 4,297 | 4,392 |
| Cash from investing | -1,792 | -1,426 | -1,595 | -1,720 | -982 |
| Cash from financing | -4,373 | -3,041 | -3,106 | -1,494 | -3,784 |
| Dividends paid | 2,300 | 2,065 | 2,242 | 2,298 | 1,846 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
USD million, from the cash flow statement as filed.
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Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.Balance sheet at year end
| Year to | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Funded by | |||||
| Equity attributable to shareholders | 9,435 | 9,856 | 10,032 | 11,090 | 10,871 |
| Non-controlling interests | 2,076 | 1,853 | 2,038 | 2,088 | 2,083 |
| Borrowings, as filed | 19,385 | 20,791 | 21,017 | 23,748 | 21,511 |
| Lease liabilities | n/a | 564 | 604 | 653 | 685 |
| Other liabilities | 13,287 | 11,819 | 11,783 | 11,743 | 11,695 |
| Total equity and liabilities | 44,183 | 44,883 | 45,474 | 49,322 | 46,845 |
| Owned | |||||
| Property, plant and equipment | 7,076 | 7,738 | 8,509 | 9,528 | 8,996 |
| Goodwill | n/a | 2,807 | 2,860 | 2,949 | 2,436 |
| Cash and cash equivalents | 2,765 | 1,813 | 1,130 | 2,200 | 1,520 |
| Trade and other receivables | 3,549 | 3,427 | 3,487 | 3,504 | 3,277 |
| Inventories | 8,584 | 9,653 | 9,720 | 10,658 | 10,529 |
| Other assets | 22,209 | 19,445 | 19,768 | 20,483 | 20,087 |
| Total assets | 44,183 | 44,883 | 45,474 | 49,322 | 46,845 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
USD million, at each fiscal year end.
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Both totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.Ratios on the filed lines
| Year to | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Gross margin | 42.3% | 43.4% | 43.7% | 43.5% | 42.1% |
| Operating margin | 19.8% | 19.6% | 21.5% | 15.5% | 11.4% |
| Net margin | 14.4% | 15.7% | 13.9% | 8.4% | 6.3% |
| Return on year-end equity | 45.4% | 45.1% | 38.6% | 21.2% | 16.0% |
| Effective tax rate | 24.1% | 20.6% | 23.7% | 28.2% | 23.6% |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.
Questions
What was Diageo's revenue in the year to 30 June 2026?
Diageo (DEO) reported revenue of USD 27.8 billion for the year to 30 June 2026, down 0.7% on the year before.
How much did Diageo earn in the year to 30 June 2026?
Profit attributable to shareholders was USD 1.7 billion for the year to 30 June 2026, and diluted earnings per share USD 0.78.
What is Diageo's P/E ratio?
At the close of 10 November 2026, Diageo traded at 32.6 times its earnings for the year to 30 June 2026.
What is Diageo's market cap?
The market cap of Diageo was $56.5 billion at the close of 10 November 2026.
Peers: Beer & Liquor
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| Coca-Cola Co. KO | $416.9 billion | 28.50 | 39.1% | 30.0% | 7.1% | 1.11 | 2.2% |
| PepsiCo Inc. PEP | $195.7 billion | 18.04 | 48.9% | 15.3% | 6.4% | 2.33 | 4.0% |
| Anheuser-Busch InBev SA/NV BUD * | $173.8 billion | 25.39 | 7.8% | 26.0% | -0.7% | 0.84 | 2.6% |
| Diageo plc DEO * | $56.5 billion | 32.58 | 16.0% | 11.4% | -0.7% | 1.98 | 3.3% |
| Keurig Dr Pepper Inc. KDP | $51.2 billion | 34.50 | 6.5% | 15.6% | 43.0% | 1.14 | 2.4% |
| Ambev S.A. ABEV * | $43.8 billion | 15.44 | 17.6% | 26.4% | -1.4% | 0.04 | n/a |
| Constellation Brands, Inc. STZ | $24.6 billion | 13.05 | 22.4% | 30.2% | -4.3% | 1.20 | 2.8% |
| Brown Forman Corp. BF.B | $14.1 billion | 19.88 | 18.2% | 25.4% | -0.8% | 0.61 | 3.0% |
| Primo Brands Corp. PRMB | $8.7 billion | 42.98 | 6.8% | 8.6% | -13.0% | 1.69 | 1.9% |
| Vita Coco Company, Inc. COCO | $3.8 billion | 33.08 | 28.1% | 19.9% | 26.0% | 0.00 | n/a |
| Westrock Coffee Co. WEST | $867 million | n/a | n/a | -0.3% | 16.3% | n/a | n/a |
| Amass Brands AMSS | $3 million | n/a | n/a | n/a | n/a | n/a | n/a |
All 14 in Beer & Liquor
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| Coca-Cola Co. KO | $416.9 billion | 28.50 | 39.1% | 30.0% | 7.1% | 1.11 | 2.2% |
| PepsiCo Inc. PEP | $195.7 billion | 18.04 | 48.9% | 15.3% | 6.4% | 2.33 | 4.0% |
| Anheuser-Busch InBev SA/NV BUD * | $173.8 billion | 25.39 | 7.8% | 26.0% | -0.7% | 0.84 | 2.6% |
| Diageo plc DEO * | $56.5 billion | 32.58 | 16.0% | 11.4% | -0.7% | 1.98 | 3.3% |
| Keurig Dr Pepper Inc. KDP | $51.2 billion | 34.50 | 6.5% | 15.6% | 43.0% | 1.14 | 2.4% |
| Ambev S.A. ABEV * | $43.8 billion | 15.44 | 17.6% | 26.4% | -1.4% | 0.04 | n/a |
| Constellation Brands, Inc. STZ | $24.6 billion | 13.05 | 22.4% | 30.2% | -4.3% | 1.20 | 2.8% |
| Brown Forman Corp. BF.B | $14.1 billion | 19.88 | 18.2% | 25.4% | -0.8% | 0.61 | 3.0% |
| Primo Brands Corp. PRMB | $8.7 billion | 42.98 | 6.8% | 8.6% | -13.0% | 1.69 | 1.9% |
| Molson Coors Beverage Co. TAP | $7.5 billion | 8.51 | 8.7% | 10.2% | -2.3% | 0.58 | 4.7% |
| Vita Coco Company, Inc. COCO | $3.8 billion | 33.08 | 28.1% | 19.9% | 26.0% | 0.00 | n/a |
| Boston Beer Co. Inc. SAM | $2.2 billion | n/a | -9.9% | -5.1% | -3.7% | 0.00 | n/a |
| Westrock Coffee Co. WEST | $867 million | n/a | n/a | -0.3% | 16.3% | n/a | n/a |
| Amass Brands AMSS | $3 million | n/a | n/a | n/a | n/a | n/a | n/a |
10 companies share its SEC industry code (Beverages); the rest are the names nearest in size in its wider industry, Beer & Liquor, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
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By market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.Annual reports on EDGAR
| Form | Year to | Filed | |
|---|---|---|---|
| 20-F | 30 June 2026 | 18 August 2026 | EDGAR |
| 20-F | 30 June 2025 | 14 August 2025 | EDGAR |
| 20-F | 30 June 2024 | 1 August 2024 | EDGAR |
| 20-F | 30 June 2023 | 3 August 2023 | EDGAR |
| 20-F | 30 June 2022 | 4 August 2022 | EDGAR |
| 20-F | 30 June 2021 | 5 August 2021 | EDGAR |
| 20-F | 30 June 2020 | 7 August 2020 | EDGAR |
| 20-F | 30 June 2019 | 5 August 2019 | EDGAR |
| 20-F/A | 30 June 2018 | 15 August 2018 | EDGAR |
| 20-F | 30 June 2018 | 6 August 2018 | EDGAR |
| 20-F | 30 June 2017 | 8 August 2017 | EDGAR |
| 20-F | 30 June 2016 | 9 August 2016 | EDGAR |