GLAXOSMITHKLINE PLC

EDGAR

Annual consolidated revenue for 2025: about GBP 32.67B, using the latest reported figures. The previous period, 2024, was about GBP 31.38B.

Watchlist

Latest fiscal year

Revenue

32.7 billion GBP

2025 · GBP

Exact inputs and evidence
  • Revenue: 32667000000 GBP Source

Operating margin

24.28%

2025 · %

Exact inputs and evidence
  • Operating Income: 7932000000 GBP Source
  • Revenue: 32667000000 GBP Source

Operating cash flow

7.74 billion GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 7741000000 GBP Source

Free cash flow

6.39 billion GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 7741000000 GBP Source
  • Capital Expenditure: 1348000000 GBP Source
Cash and cash equivalents
3.4 billion GBP Source
Exact value

3397000000 GBP

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-08.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +4.1%

    Prior period

    GBP 31.38 billion

    –

    Current period

    GBP 32.67 billion

    –

    Exact inputs and evidence

    32667000000 − 31376000000 = 1291000000 GBP

    31376000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    32667000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    +122%

    Prior period

    GBP 2.58 billion

    –

    Current period

    GBP 5.72 billion

    –

    Exact inputs and evidence

    5716000000 − 2575000000 = 3141000000 GBP

    2575000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5716000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +18.1%

    Prior period

    GBP 6.55 billion

    –

    Current period

    GBP 7.74 billion

    –

    Exact inputs and evidence

    7741000000 − 6554000000 = 1187000000 GBP

    6554000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    7741000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Capital expenditure

    -3.6%

    Prior period

    GBP 1.4 billion

    –

    Current period

    GBP 1.35 billion

    –

    Exact inputs and evidence

    1348000000 − 1399000000 = -51000000 GBP

    1399000000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1348000000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue GBP 32.67 billion 100% of revenue
  • Operating costs Derived GBP 24.74 billion 76% of revenue
  • Operating income GBP 7.93 billion 24% of revenue
  • Tax, interest and other Derived GBP 2.22 billion 6.8% of revenue
  • Net income GBP 5.72 billion 17% of revenue

Cash

  • Operating cash flow GBP 7.74 billion 24% of revenue
  • Capital expenditure GBP 1.35 billion 4.1% of revenue
  • Free cash flow Derived GBP 6.39 billion 20% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 91%
  • 2017 86%
  • 2018 12%82%
  • 2019 14%79%
  • 2020 24%75%
  • 2021 Net income was higher than operating income, so the split is not drawn.
  • 2022 Net income was higher than operating income, so the split is not drawn.
  • 2023 16%78%
  • 2024 87%
  • 2025 17%76%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3127889000000 25291000000 Derived 2598000000 1686000000 Derived 912000000 4954000000 Derived
Source
2017 2017-01-01 – 2017-12-3130186000000 26099000000 Derived 4087000000 2555000000 Derived 1532000000 5373000000 Derived
Source
2018 2018-01-01 – 2018-12-3130821000000 25338000000 Derived 5483000000 1860000000 Derived 3623000000 7077000000 Derived
Source
2019 2019-01-01 – 2019-12-3133754000000 26793000000 Derived 6961000000 2316000000 Derived 4645000000 6755000000 Derived
Source
2020 2020-01-01 – 2020-12-3124354000000 18375000000 Derived 5979000000 230000000 Derived 5749000000 7452000000 Derived
Source
2021 2021-01-01 – 2021-12-3124696000000 20339000000 Derived 4357000000 -28000000 Derived 4385000000 7002000000 Derived
Source
2022 2022-01-01 – 2022-12-3129324000000 22891000000 Derived 6433000000 -8523000000 Derived 14956000000 6260000000 Derived
Source
2023 2023-01-01 – 2023-12-3130328000000 23583000000 Derived 6745000000 1817000000 Derived 4928000000 5454000000 Derived
Source
2024 2024-01-01 – 2024-12-3131376000000 27355000000 Derived 4021000000 1446000000 Derived 2575000000 5155000000 Derived
Source
2025 2025-01-01 – 2025-12-3132667000000 24735000000 Derived 7932000000 2216000000 Derived 5716000000 6393000000 Derived
Source

Amounts are exact, in GBP.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

GBP 32.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.36.5B27.3B18.2B9.1B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(GBP)Source evidence
2016Revenue27889000000
2017Revenue30186000000
2018Revenue30821000000
2019Revenue33754000000
2020Revenue24354000000
2021Revenue24696000000
2022Revenue29324000000
2023Revenue30328000000
2024Revenue31376000000
2025Revenue32667000000

Revenue growth

Change in revenue from the same financial period one year earlier.

4.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22%9%-5%-18%-32%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year16.6%
2017Year over year8.2%
2018Year over year2.1%
2019Year over year9.5%
2020Year over year-27.8%
2021Year over year1.4%
2022Year over year18.7%
2023Year over year3.4%
2024Year over year3.5%
2025Year over year4.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 24.3% 2025
Net margin 17.5% 2025
Free cash flow margin 19.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%41%28%14%0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin9.3%
2017Operating margin13.5%
2018Operating margin17.8%
2019Operating margin20.6%
2020Operating margin24.6%
2021Operating margin17.6%
2022Operating margin21.9%
2023Operating margin22.2%
2024Operating margin12.8%
2025Operating margin24.3%
2016Net margin3.3%
2017Net margin5.1%
2018Net margin11.8%
2019Net margin13.8%
2020Net margin23.6%
2021Net margin17.8%
2022Net margin51%
2023Net margin16.2%
2024Net margin8.2%
2025Net margin17.5%
2016Free cash flow margin17.8%
2017Free cash flow margin17.8%
2018Free cash flow margin23%
2019Free cash flow margin20%
2020Free cash flow margin30.6%
2021Free cash flow margin28.4%
2022Free cash flow margin21.3%
2023Free cash flow margin18%
2024Free cash flow margin16.4%
2025Free cash flow margin19.6%

Operating cash flow

Cash generated by the company’s normal business operations.

GBP 7.7B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.9.1B6.8B4.6B2.3B0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2016Operating cash flow6497000000
2017Operating cash flow6918000000
2018Operating cash flow8421000000
2019Operating cash flow8020000000
2020Operating cash flow8441000000
2021Operating cash flow7952000000
2022Operating cash flow7403000000
2023Operating cash flow6768000000
2024Operating cash flow6554000000
2025Operating cash flow7741000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

GBP 6.4B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.0B6.0B4.0B2.0B0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2016Free cash flow4954000000
2017Free cash flow5373000000
2018Free cash flow7077000000
2019Free cash flow6755000000
2020Free cash flow7452000000
2021Free cash flow7002000000
2022Free cash flow6260000000
2023Free cash flow5454000000
2024Free cash flow5155000000
2025Free cash flow6393000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

73.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.101%76%51%25%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets91.6%
2017Liabilities / assets93.8%
2018Liabilities / assets93.7%
2019Liabilities / assets77%
2020Liabilities / assets74.1%
2021Liabilities / assets73%
2022Liabilities / assets83.2%
2023Liabilities / assets78.3%
2024Liabilities / assets78%
2025Liabilities / assets73.9%

Current assets to current liabilities

Current assets divided by current liabilities.

0.82× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.0.99×0.74×0.49×0.25×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities0.88×
2017Current assets / current liabilities0.6×
2018Current assets / current liabilities0.75×
2019Current assets / current liabilities0.81×
2020Current assets / current liabilities0.91×
2021Current assets / current liabilities0.79×
2022Current assets / current liabilities0.91×
2023Current assets / current liabilities0.88×
2024Current assets / current liabilities0.78×
2025Current assets / current liabilities0.82×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
GBP 912 million
Exact value

Exact value: 912000000 GBP

2016-01-01 – 2016-12-31: 912000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 6.5 billion
Exact value

Exact value: 6497000000 GBP

2016-01-01 – 2016-12-31: 6497000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.54 billion
Exact value

Exact value: 1543000000 GBP

2016-01-01 – 2016-12-31: 1543000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 4.95 billion
Calculation and evidence

6497000000 − 1543000000 GBP

Exact free cash flow: 4954000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2017 2017-01-01 – 2017-12-31
GBP 1.53 billion
Exact value

Exact value: 1532000000 GBP

2017-01-01 – 2017-12-31: 1532000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 6.92 billion
Exact value

Exact value: 6918000000 GBP

2017-01-01 – 2017-12-31: 6918000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.55 billion
Exact value

Exact value: 1545000000 GBP

2017-01-01 – 2017-12-31: 1545000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 5.37 billion
Calculation and evidence

6918000000 − 1545000000 GBP

Exact free cash flow: 5373000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2018 2018-01-01 – 2018-12-31
GBP 3.62 billion
Exact value

Exact value: 3623000000 GBP

2018-01-01 – 2018-12-31: 3623000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 8.42 billion
Exact value

Exact value: 8421000000 GBP

2018-01-01 – 2018-12-31: 8421000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.34 billion
Exact value

Exact value: 1344000000 GBP

2018-01-01 – 2018-12-31: 1344000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 7.08 billion
Calculation and evidence

8421000000 − 1344000000 GBP

Exact free cash flow: 7077000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2019 2019-01-01 – 2019-12-31
GBP 4.65 billion
Exact value

Exact value: 4645000000 GBP

2019-01-01 – 2019-12-31: 4645000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 8.02 billion
Exact value

Exact value: 8020000000 GBP

2019-01-01 – 2019-12-31: 8020000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.27 billion
Exact value

Exact value: 1265000000 GBP

2019-01-01 – 2019-12-31: 1265000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 6.76 billion
Calculation and evidence

8020000000 − 1265000000 GBP

Exact free cash flow: 6755000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2020 2020-01-01 – 2020-12-31
GBP 5.75 billion
Exact value

Exact value: 5749000000 GBP

2020-01-01 – 2020-12-31: 5749000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 8.44 billion
Exact value

Exact value: 8441000000 GBP

2020-01-01 – 2020-12-31: 8441000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 989 million
Exact value

Exact value: 989000000 GBP

2020-01-01 – 2020-12-31: 989000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 7.45 billion
Calculation and evidence

8441000000 − 989000000 GBP

Exact free cash flow: 7452000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2021 2021-01-01 – 2021-12-31
GBP 4.39 billion
Exact value

Exact value: 4385000000 GBP

2021-01-01 – 2021-12-31: 4385000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 7.95 billion
Exact value

Exact value: 7952000000 GBP

2021-01-01 – 2021-12-31: 7952000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 950 million
Exact value

Exact value: 950000000 GBP

2021-01-01 – 2021-12-31: 950000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 7 billion
Calculation and evidence

7952000000 − 950000000 GBP

Exact free cash flow: 7002000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2022 2022-01-01 – 2022-12-31
GBP 14.96 billion
Exact value

Exact value: 14956000000 GBP

2022-01-01 – 2022-12-31: 14956000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 7.4 billion
Exact value

Exact value: 7403000000 GBP

2022-01-01 – 2022-12-31: 7403000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.14 billion
Exact value

Exact value: 1143000000 GBP

2022-01-01 – 2022-12-31: 1143000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 6.26 billion
Calculation and evidence

7403000000 − 1143000000 GBP

Exact free cash flow: 6260000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2023 2023-01-01 – 2023-12-31
GBP 4.93 billion
Exact value

Exact value: 4928000000 GBP

2023-01-01 – 2023-12-31: 4928000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 6.77 billion
Exact value

Exact value: 6768000000 GBP

2023-01-01 – 2023-12-31: 6768000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.31 billion
Exact value

Exact value: 1314000000 GBP

2023-01-01 – 2023-12-31: 1314000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 5.45 billion
Calculation and evidence

6768000000 − 1314000000 GBP

Exact free cash flow: 5454000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2024 2024-01-01 – 2024-12-31
GBP 2.58 billion
Exact value

Exact value: 2575000000 GBP

2024-01-01 – 2024-12-31: 2575000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 6.55 billion
Exact value

Exact value: 6554000000 GBP

2024-01-01 – 2024-12-31: 6554000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.4 billion
Exact value

Exact value: 1399000000 GBP

2024-01-01 – 2024-12-31: 1399000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 5.16 billion
Calculation and evidence

6554000000 − 1399000000 GBP

Exact free cash flow: 5155000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2025 2025-01-01 – 2025-12-31
GBP 5.72 billion
Exact value

Exact value: 5716000000 GBP

2025-01-01 – 2025-12-31: 5716000000 GBP Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 7.74 billion
Exact value

Exact value: 7741000000 GBP

2025-01-01 – 2025-12-31: 7741000000 GBP Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 1.35 billion
Exact value

Exact value: 1348000000 GBP

2025-01-01 – 2025-12-31: 1348000000 GBP Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

GBP 6.39 billion
Calculation and evidence

7741000000 − 1348000000 GBP

Exact free cash flow: 6393000000 GBP

Share or cite

The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

3,960 filings · 941 latest values · 941 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001131399, 1131399, GLAXF, GSK, edgar:1131399

Also known as GLAXOSMITHKLINE PLC, GSK PLC, GSK plc, GlaxoSmithKline plc