Fundies.
English

NEXT plc

ESEF
Report (type unavailable) · filed 2026-04-21

Annual consolidated revenue for 2026: about GBP 6.901B, using the latest reported figures. The previous period, 2025, was about GBP 6.118B.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Latest fiscal year

Revenue

6.9 billion GBP

2026 · GBP

Exact inputs and evidence
  • Revenue: 6901300000 GBP Source

Operating margin

18.53%

2026 · %

Exact inputs and evidence
  • Operating Income: 1278800000 GBP Source
  • Revenue: 6901300000 GBP Source

Operating cash flow

1.23 billion GBP

2026 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 1233600000 GBP Source

Free cash flow

1.1 billion GBP

2026 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 1233600000 GBP Source
  • Capital Expenditure: 135400000 GBP Source
Cash and cash equivalents
60.2 million GBP Source
Exact value

60200000 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: 2026-04-21.

Financial data available through: 2026-01-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2026-01-31
  • Operating income: 6 of 11 periods available· newest 2026-01-31
  • Net income: 6 of 11 periods available· newest 2026-01-31
  • Operating cash flow: 6 of 11 periods available· newest 2026-01-31
  • Capital expenditure: 6 of 11 periods available· newest 2026-01-31
  • Total assets: 6 of 11 periods available· newest 2026-01-31
  • Total liabilities: 6 of 11 periods available· newest 2026-01-31
  • Current assets: 6 of 11 periods available· newest 2026-01-31
  • Current liabilities: 6 of 11 periods available· newest 2026-01-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2026-01-31
  • 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

    +12.8%

    Prior period

    GBP 6.12 billion

    –

    Current period

    GBP 6.9 billion

    –

    Exact inputs and evidence

    6901300000 − 6118100000 = 783200000 GBP

    6118100000 GBP · 2024-01-28 – 2025-01-25

    Inspect prior input Prior source

    6901300000 GBP · 2025-01-26 – 2026-01-31

    Inspect current input Current source
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  • Net income

    +20.7%

    Prior period

    GBP 736.1 million

    –

    Current period

    GBP 888.5 million

    –

    Exact inputs and evidence

    888500000 − 736100000 = 152400000 GBP

    736100000 GBP · 2024-01-28 – 2025-01-25

    Inspect prior input Prior source

    888500000 GBP · 2025-01-26 – 2026-01-31

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  • Operating cash flow

    +8.8%

    Prior period

    GBP 1.13 billion

    –

    Current period

    GBP 1.23 billion

    –

    Exact inputs and evidence

    1233600000 − 1133900000 = 99700000 GBP

    1133900000 GBP · 2024-01-28 – 2025-01-25

    Inspect prior input Prior source

    1233600000 GBP · 2025-01-26 – 2026-01-31

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  • Capital expenditure

    +4.7%

    Prior period

    GBP 129.3 million

    –

    Current period

    GBP 135.4 million

    –

    Exact inputs and evidence

    135400000 − 129300000 = 6100000 GBP

    129300000 GBP · 2024-01-28 – 2025-01-25

    Inspect prior input Prior source

    135400000 GBP · 2025-01-26 – 2026-01-31

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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.

2026 2025-01-26 – 2026-01-31

  • Revenue GBP 6.9 billion 100% of revenue
  • Operating costs Derived GBP 5.62 billion 81% of revenue
  • Operating income GBP 1.28 billion 19% of revenue
  • Tax, interest and other Derived GBP 390.3 million 5.7% of revenue
  • Net income GBP 888.5 million 13% of revenue

Cash

  • Operating cash flow GBP 1.23 billion 18% of revenue
  • Capital expenditure GBP 135.4 million 2% of revenue
  • Free cash flow Derived GBP 1.1 billion 16% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2021 86%
  • 2022 15%80%
  • 2023 14%81%
  • 2024 15%82%
  • 2025 12%82%
  • 2026 13%81%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2021 2020-01-26 – 2021-01-303284100000 2839600000 Derived 444500000 157800000 Derived 286700000 680200000 Derived
Source
2022 2021-01-31 – 2022-01-294625900000 3720500000 Derived 905400000 227900000 Derived 677500000 727800000 Derived
Source
2023 2022-01-30 – 2023-01-285034000000 4092500000 Derived 941500000 229800000 Derived 711700000 593700000 Derived
Source
2024 2023-01-29 – 2024-01-275491000000 4503100000 Derived 987900000 185600000 Derived 802300000 983300000 Derived
Source
2025 2024-01-28 – 2025-01-256118100000 5042700000 Derived 1075400000 339300000 Derived 736100000 1004600000 Derived
Source
2026 2025-01-26 – 2026-01-316901300000 5622500000 Derived 1278800000 390300000 Derived 888500000 1098200000 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 6.9B 2026
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.7.5B5.6B3.7B1.9B0.0202120242026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(GBP)Source evidence
2021Revenue3284100000
2022Revenue4625900000
2023Revenue5034000000
2024Revenue5491000000
2025Revenue6118100000
2026Revenue6901300000

Revenue growth

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

12.8% 2026
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.44%33%22%11%0%202120242026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2021Year over yearNo prior comparable period
2022Year over year40.9%
2023Year over year8.8%
2024Year over year9.1%
2025Year over year11.4%
2026Year over year12.8%

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 18.5% 2026
Net margin 12.9% 2026
Free cash flow margin 15.9% 2026
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.22.4%16.8%11.2%5.6%0.0%202120242026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2021Operating margin13.5%
2022Operating margin19.6%
2023Operating margin18.7%
2024Operating margin18%
2025Operating margin17.6%
2026Operating margin18.5%
2021Net margin8.7%
2022Net margin14.6%
2023Net margin14.1%
2024Net margin14.6%
2025Net margin12%
2026Net margin12.9%
2021Free cash flow margin20.7%
2022Free cash flow margin15.7%
2023Free cash flow margin11.8%
2024Free cash flow margin17.9%
2025Free cash flow margin16.4%
2026Free cash flow margin15.9%

Operating cash flow

Cash generated by the company’s normal business operations.

GBP 1.2B 2026
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.1.3B999.2M666.1M333.1M0.0202120242026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2021Operating cash flow824800000
2022Operating cash flow971400000
2023Operating cash flow798800000
2024Operating cash flow1120300000
2025Operating cash flow1133900000
2026Operating cash flow1233600000

Free cash flow

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

GBP 1.1B 2026
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.1.2B889.5M593.0M296.5M0.0202120242026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2021Free cash flow680200000
2022Free cash flow727800000
2023Free cash flow593700000
2024Free cash flow983300000
2025Free cash flow1004600000
2026Free cash flow1098200000

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.

63.8% 2026
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.89%67%45%22%0%202120242026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2021Liabilities / assets82.4%
2022Liabilities / assets74.6%
2023Liabilities / assets70.8%
2024Liabilities / assets65.3%
2025Liabilities / assets64%
2026Liabilities / assets63.8%

Current assets to current liabilities

Current assets divided by current liabilities.

1.76× 2026
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.2.21×1.66×1.10×0.55×0.00×202120242026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2021Current assets / current liabilities1.91×
2022Current assets / current liabilities1.99×
2023Current assets / current liabilities2.04×
2024Current assets / current liabilities1.96×
2025Current assets / current liabilities1.69×
2026Current assets / current liabilities1.76×

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
2021 2020-01-26 – 2021-01-30
GBP 286.7 million
Exact value

Exact value: 286700000 GBP

2020-01-26 – 2021-01-30: 286700000 GBP Inspect Net Income Open source
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GBP 824.8 million
Exact value

Exact value: 824800000 GBP

2020-01-26 – 2021-01-30: 824800000 GBP Inspect Operating Cash Flow Open source
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GBP 144.6 million
Exact value

Exact value: 144600000 GBP

2020-01-26 – 2021-01-30: 144600000 GBP Inspect Capital Expenditure Open source
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GBP 680.2 million
Calculation and evidence

824800000 − 144600000 GBP

Exact free cash flow: 680200000 GBP

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2022 2021-01-31 – 2022-01-29
GBP 677.5 million
Exact value

Exact value: 677500000 GBP

2021-01-31 – 2022-01-29: 677500000 GBP Inspect Net Income Open source
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GBP 971.4 million
Exact value

Exact value: 971400000 GBP

2021-01-31 – 2022-01-29: 971400000 GBP Inspect Operating Cash Flow Open source
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GBP 243.6 million
Exact value

Exact value: 243600000 GBP

2021-01-31 – 2022-01-29: 243600000 GBP Inspect Capital Expenditure Open source
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GBP 727.8 million
Calculation and evidence

971400000 − 243600000 GBP

Exact free cash flow: 727800000 GBP

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2023 2022-01-30 – 2023-01-28
GBP 711.7 million
Exact value

Exact value: 711700000 GBP

2022-01-30 – 2023-01-28: 711700000 GBP Inspect Net Income Open source
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GBP 798.8 million
Exact value

Exact value: 798800000 GBP

2022-01-30 – 2023-01-28: 798800000 GBP Inspect Operating Cash Flow Open source
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GBP 205.1 million
Exact value

Exact value: 205100000 GBP

2022-01-30 – 2023-01-28: 205100000 GBP Inspect Capital Expenditure Open source
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GBP 593.7 million
Calculation and evidence

798800000 − 205100000 GBP

Exact free cash flow: 593700000 GBP

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2024 2023-01-29 – 2024-01-27
GBP 802.3 million
Exact value

Exact value: 802300000 GBP

2023-01-29 – 2024-01-27: 802300000 GBP Inspect Net Income Open source
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GBP 1.12 billion
Exact value

Exact value: 1120300000 GBP

2023-01-29 – 2024-01-27: 1120300000 GBP Inspect Operating Cash Flow Open source
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GBP 137 million
Exact value

Exact value: 137000000 GBP

2023-01-29 – 2024-01-27: 137000000 GBP Inspect Capital Expenditure Open source
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GBP 983.3 million
Calculation and evidence

1120300000 − 137000000 GBP

Exact free cash flow: 983300000 GBP

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2025 2024-01-28 – 2025-01-25
GBP 736.1 million
Exact value

Exact value: 736100000 GBP

2024-01-28 – 2025-01-25: 736100000 GBP Inspect Net Income Open source
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GBP 1.13 billion
Exact value

Exact value: 1133900000 GBP

2024-01-28 – 2025-01-25: 1133900000 GBP Inspect Operating Cash Flow Open source
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GBP 129.3 million
Exact value

Exact value: 129300000 GBP

2024-01-28 – 2025-01-25: 129300000 GBP Inspect Capital Expenditure Open source
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GBP 1 billion
Calculation and evidence

1133900000 − 129300000 GBP

Exact free cash flow: 1004600000 GBP

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2026 2025-01-26 – 2026-01-31
GBP 888.5 million
Exact value

Exact value: 888500000 GBP

2025-01-26 – 2026-01-31: 888500000 GBP Inspect Net Income Open source
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GBP 1.23 billion
Exact value

Exact value: 1233600000 GBP

2025-01-26 – 2026-01-31: 1233600000 GBP Inspect Operating Cash Flow Open source
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GBP 135.4 million
Exact value

Exact value: 135400000 GBP

2025-01-26 – 2026-01-31: 135400000 GBP Inspect Capital Expenditure Open source
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GBP 1.1 billion
Calculation and evidence

1233600000 − 135400000 GBP

Exact free cash flow: 1098200000 GBP

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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.

5 filings · 604 latest values · 604 originally reported values

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

Identifiers: 213800WQD8ECPZP9PH98, esef:213800WQD8ECPZP9PH98