Also trades as: BTGOF (OTC) · $vol 0M · BTQ.DE (XETRA) · $vol 0M

£196.30 ($2.59)

+5.45 (+2.86%)

Weekly Expected Move ±4.4%

£179 £188 £196 £205 £213

LSE · Communication Services · Telecommunications Services · Tech Score Sell · Power 38 · £19.1B mcap · 5.10B float · 0.335% daily turnover

Revenue

$19.7B -3.5% ▼

5Y CAGR: -1.6%

Gross Profit

$14.6B -2.8% ▼

5Y CAGR: +1.1%

Operating Income

$3.5B +41.7% ▲

5Y CAGR: +6.4%

Net Income

$1.1B +2.2% ▲

5Y CAGR: -6.1%

EPS (Diluted)

$0.11 +0.0% ▲

5Y CAGR: -6.0%

EBITDA

$7.5B +3.4% ▲

5Y CAGR: +1.8%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$20.9B	$20.7B	$20.8B	$20.4B	$19.7B
YoY Growth	-2.3%	-0.8%	+0.6%	-2.1%	-3.5%
Cost of Revenue	$7.1B	$5.5B	$11.1B	$5.4B	$5.1B
Gross Profit	$13.8B	$15.2B	$9.7B	$15.0B	$14.6B
Gross Margin	66.1%	73.3%	46.7%	73.6%	74.1%
R&D Expenses	$604M	$683M	$726M	$0	$0
SG&A Expenses	$312M	$952M	$1.2B	$770M	$702M
Operating Expenses	$10.5B	$11.8B	$7.5B	$12.5B	$11.0B
Operating Income	$2.9B	$2.6B	$2.2B	$2.5B	$3.5B
Operating Margin	13.8%	12.7%	10.6%	12.2%	18.0%
Interest Expense	$934M	$894M	$0	$1.1B	$1.2B
Income Before Tax	$2.0B	$1.7B	$1.2B	$1.3B	$1.4B
Tax Expense	$689M	-$176M	$331M	$280M	$359M
Net Income	$1.3B	$1.9B	$855M	$1.1B	$1.1B
Net Margin	6.1%	9.2%	4.1%	5.2%	5.5%
EPS (Diluted)	$0.13	$0.19	$0.09	$0.11	$0.11
EBITDA	$7.2B	$7.5B	$6.5B	$7.3B	$7.5B
Shares Outstanding	10.14B	10.06B	10.00B	9.96B	9.95B

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$5.1B	$5.1B	$5.1B	$5.1B	$4.9B	$9.8B	$4.9B	$9.8B
Cost of Revenue	$2.7B	$2.7B	$2.7B	$2.7B	$2.6B	$7.9B	$2.6B	$8.0B
Gross Profit	$2.4B	$2.4B	$2.4B	$2.4B	$2.3B	$1.9B	$2.3B	$1.9B
Gross Margin	46.9%	46.9%	46.8%	46.8%	47.1%	19.4%	47.2%	19.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$424M	$0
SG&A Expenses	$236M	$236M	$234M	$234M	$216M	$338M	$208M	$376M
Operating Expenses	$1.6B	$1.6B	$1.9B	$1.9B	$1.6B	$183M	$1.6B	$227M
Operating Income	$759M	$759M	$487M	$487M	$740M	$1.7B	$708M	$1.7B
Operating Margin	15.0%	15.0%	9.5%	9.5%	15.1%	17.5%	14.4%	16.9%
Interest Expense	$224M	$224M	$252M	$252M	$0	$592M	$0	$614M
Income Before Tax	$484M	$484M	$184M	$184M	$431M	$862M	$287M	$574M
Tax Expense	$106M	$106M	$34M	$34M	$106M	$211M	$74M	$148M
Net Income	$378M	$378M	$150M	$150M	$326M	$651M	$213M	$426M
Net Margin	7.5%	7.5%	2.9%	2.9%	6.6%	6.6%	4.3%	4.3%
EPS (Diluted)	$0.04	$0.04	$0.01	$0.01	$0.03	$0.07	$0.02	$0.04
EBITDA	$1.8B	$1.8B	$1.8B	$1.8B	$1.9B	$4.1B	$1.4B	$4.1B
Shares Outstanding	9.93B	9.93B	9.95B	9.95B	9.86B	9.86B	10.01B	10.06B

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