Kenvue Inc. (KVUE) 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 | Q4'21 |
|---|
| Sales/Revenue | 3.91B | 3.78B | 3.76B | 3.84B | 3.74B | 3.66B | 3.9B | 4B | 3.89B | 3.67B | 3.92B | 4.01B | 3.85B | 3.76B | 3.78B | 3.73B |
| Revenue Growth % | 4.49% | 3.22% | -3.46% | -4.03% | -3.93% | -0.11% | -0.41% | -0.27% | 1.09% | -2.6% | 3.52% | - | - | - | - | - |
| Cost of Goods Sold | 1.61B | 1.64B | 1.54B | 1.58B | 1.57B | 1.59B | 1.62B | 1.64B | 1.65B | 1.62B | 1.67B | 1.79B | 1.73B | 1.7B | 1.66B | 1.75B |
| COGS % of Revenue | 41.11% | 43.47% | 40.86% | 41.1% | 42.05% | 43.47% | 41.47% | 40.88% | 42.42% | 44.27% | 42.53% | 44.53% | 44.83% | 45.3% | 44% | 46.88% |
| Gross Profit | 2.3B | 2.14B | 2.23B | 2.26B | 2.17B | 2.07B | 2.28B | 2.37B | 2.24B | 2.04B | 2.25B | 2.23B | 2.13B | 2.06B | 2.13B | 1.98B |
| Gross Margin % | 58.89% | 56.53% | 59.14% | 58.9% | 57.95% | 56.53% | 58.53% | 59.13% | 57.58% | 55.73% | 57.47% | 55.47% | 55.17% | 54.7% | 56.19% | 53.12% |
| Gross Profit Growth % | 6.18% | 3.24% | -2.45% | -4.4% | -3.3% | 1.32% | 1.42% | 6.29% | 5.51% | -0.78% | 5.88% | - | - | - | - | - |
| Operating Expenses | 1.45B | 1.31B | 1.6B | 1.57B | 1.61B | 1.59B | 1.63B | 2.21B | 1.69B | 1.58B | 1.54B | 1.52B | 1.49B | 1.43B | 1.29B | 1.48B |
| OpEx % of Revenue | 37.17% | 34.71% | 42.43% | 40.87% | 43.04% | 43.34% | 41.75% | 55.27% | 43.45% | 43.18% | 39.34% | 37.97% | 38.55% | 37.86% | 34.24% | 39.57% |
| Selling, General & Admin | 1.45B | 1.53B | 1.51B | 1.5B | 1.54B | 1.52B | 1.59B | 1.64B | 1.57B | 1.59B | 1.53B | 1.52B | 1.5B | 1.32B | 1.21B | 1.49B |
| SG&A % of Revenue | 37.17% | 40.61% | 40.17% | 39.18% | 41.09% | 41.64% | 40.78% | 41.02% | 40.4% | 43.26% | 39.11% | 37.95% | 38.99% | 35.12% | 31.86% | 39.86% |
| Research & Development | 84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 103M | 90M | 0 |
| R&D % of Revenue | 2.15% | - | - | - | - | - | - | - | - | - | - | - | - | 2.74% | 2.38% | - |
| Other Operating Expenses | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 0 | 0 | -1000K |
| Operating Income | 855M | 825M | 629M | 692M | 558M | 483M | 654M | 154M | 550M | 460M | 710M | 702M | 640M | 634M | 823M | 506M |
| Operating Margin % | 21.87% | 21.83% | 16.71% | 18.03% | 14.92% | 13.19% | 16.77% | 3.85% | 14.12% | 12.55% | 18.14% | 17.5% | 16.61% | 16.84% | 21.76% | 13.55% |
| Operating Income Growth % | 53.23% | 70.81% | -3.82% | 349.35% | 1.45% | 5% | -7.89% | -78.06% | -14.06% | -27.45% | -13.73% | - | - | - | - | - |
| EBITDA | 998M | 963M | 770M | 834M | 694M | 633M | 836M | 295M | 699M | 634M | 863M | 850M | 792M | 800M | 975M | 688M |
| EBITDA Margin % | 25.53% | 25.48% | 20.46% | 21.72% | 18.55% | 17.29% | 21.44% | 7.38% | 17.95% | 17.29% | 22.04% | 21.19% | 20.56% | 21.25% | 25.78% | 18.43% |
| EBITDA Growth % | 43.8% | 52.13% | -7.89% | 182.71% | -0.72% | -0.16% | -3.13% | -65.29% | -11.74% | -20.75% | -11.49% | - | - | - | - | - |
| D&A (Non-Cash Add-back) | 143M | 138M | 141M | 142M | 136M | 150M | 182M | 141M | 149M | 174M | 153M | 148M | 152M | 166M | 152M | 182M |
| EBIT | 855M | 525M | 619M | 695M | 565M | 494M | 673M | 171M | 536M | 561M | 685M | 692M | 610M | 512M | 738M | 511M |
| Net Interest Income | -95M | -98M | -93M | -94M | -94M | -148M | -96M | -92M | -95M | -204M | -100M | -53M | -1M | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 13M | 13M | 0 | 0 | 14M | 14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 95M | 98M | 93M | 107M | 107M | 148M | 96M | 106M | 109M | 204M | 100M | 53M | 1M | 0 | 0 | 0 |
| Other Income/Expense | -183M | -398M | -103M | -104M | -100M | -137M | -77M | -89M | -123M | -103M | -125M | -63M | -31M | -122M | -85M | 11M |
| Pretax Income | 672M | 427M | 526M | 588M | 458M | 346M | 577M | 65M | 427M | 357M | 585M | 639M | 609M | 512M | 738M | 517M |
| Pretax Margin % | 17.19% | 11.3% | 13.97% | 15.32% | 12.24% | 9.45% | 14.8% | 1.63% | 10.97% | 9.74% | 14.94% | 15.93% | 15.81% | 13.6% | 19.51% | 13.85% |
| Income Tax | 198M | 97M | 128M | 168M | 136M | 53M | 194M | 7M | 131M | 30M | 147M | 209M | 140M | 151M | 152M | 106M |
| Effective Tax Rate % | 29.46% | 22.72% | 24.33% | 28.57% | 29.69% | 15.32% | 33.62% | 10.77% | 30.68% | 8.4% | 25.13% | 32.71% | 22.99% | 29.49% | 20.6% | 20.5% |
| Net Income | 474M | 330M | 398M | 420M | 322M | 293M | 383M | 58M | 296M | 327M | 438M | 430M | 469M | 361M | 586M | 411M |
| Net Margin % | 12.13% | 8.73% | 10.57% | 10.94% | 8.61% | 8% | 9.82% | 1.45% | 7.6% | 8.92% | 11.19% | 10.72% | 12.18% | 9.59% | 15.49% | 11.01% |
| Net Income Growth % | 47.21% | 12.63% | 3.92% | 624.14% | 8.78% | -10.4% | -12.56% | -86.51% | -36.89% | -9.42% | -25.26% | - | - | - | - | - |
| Net Income (Continuing) | 474M | 330M | 398M | 420M | 322M | 293M | 383M | 58M | 296M | 327M | 438M | 430M | 469M | 361M | 586M | 411M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.25 | 0.17 | 0.21 | 0.22 | 0.17 | 0.15 | 0.20 | 0.03 | 0.15 | 0.17 | 0.23 | 0.22 | 0.27 | 0.21 | 0.34 | 0.22 |
| EPS Growth % | 47.06% | 13.33% | 5% | 628.48% | 13.33% | -11.76% | -13.04% | -86.27% | -44.44% | -19.16% | -32.35% | - | - | - | - | - |
| EPS (Basic) | 0.25 | 0.17 | 0.21 | 0.22 | 0.17 | 0.15 | 0.20 | 0.03 | 0.15 | 0.17 | 0.23 | 0.22 | 0.27 | 0.21 | 0.34 | 0.22 |
| Diluted Shares Outstanding | 1.92B | 1.92B | 1.92B | 1.93B | 1.93B | 1.93B | 1.92B | 1.92B | 1.92B | 1.92B | 1.91B | 1.91B | 1.72B | 1.72B | 1.72B | 1.89B |
| Basic Shares Outstanding | 1.92B | 1.92B | 1.92B | 1.92B | 1.91B | 1.92B | 1.92B | 1.92B | 1.92B | 1.92B | 1.91B | 1.91B | 1.72B | 1.72B | 1.72B | 1.89B |
| Dividend Payout Ratio | 83.97% | 358.48% | 100% | 93.57% | 121.74% | 134.13% | 102.61% | 660.34% | 129.39% | 117.13% | 87.44% | 3206.51% | - | - | - | - |