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H&M

H&M (STO: HM-B) financial statements

The consolidated income statement, balance sheet and cash flow statement of H&M for its last 5 fiscal years, as filed with the regulator, in millions of Swedish kronor. At the end of fiscal 2025 it had SEK 170,273m in total assets and SEK 42,921m in equity.

Income statement

Item20252024202320222021
RevenueSEK 228,285mSEK 234,478mSEK 236,035mSEK 223,553mSEK 198,967m
Cost of salesSEK 106,464mSEK 109,179mSEK 115,139mSEK 110,276mSEK 93,961m
Gross profitSEK 121,821mSEK 125,299mSEK 120,896mSEK 113,277mSEK 105,006m
Operating profitSEK 18,395mSEK 17,306mSEK 14,537mSEK 7,169mSEK 15,255m
Finance costsSEK 2,653mSEK 2,753mSEK 2,143mSEK 1,115mSEK 1,158m
Profit before taxSEK 16,202mSEK 15,443mSEK 13,010mSEK 6,216mSEK 14,300m
Income taxSEK 4,117mSEK 3,859mSEK 4,287mSEK 2,650mSEK 3,290m
Net profitSEK 12,158mSEK 11,621mSEK 8,752mSEK 3,566mSEK 8,723m
Earnings per shareSEK 7.58SEK 7.21SEK 5.35SEK 2.16SEK 6.65
Diluted earnings per shareSEK 7.58SEK 7.21SEK 5.35SEK 2.16SEK 6.65

Balance sheet

Item20252024202320222021
Total assetsSEK 170,273mSEK 180,214mSEK 181,273mSEK 182,048mSEK 179,781m
Current assetsSEK 72,495mSEK 75,727mSEK 80,529mSEK 79,523mSEK 78,986m
Property, plant and equipmentSEK 82,534mSEK 86,220mSEK 81,536mSEK 82,736mSEK 79,662m
GoodwillSEK 1,013mSEK 1,013mSEK 1,013mSEK 64.0mSEK 64.0m
CashSEK 20,908mSEK 17,340mSEK 26,398mSEK 21,707mSEK 27,471m
Total liabilitiesSEK 127,326mSEK 134,003mSEK 133,672mSEK 131,291mSEK 119,763m
Current liabilitiesSEK 61,603mSEK 66,650mSEK 67,927mSEK 68,335mSEK 60,997m
EquitySEK 42,921mSEK 46,142mSEK 47,519mSEK 50,757mSEK 60,018m
Equity including minoritiesSEK 42,947mSEK 46,211mSEK 47,601mSEK 50,757mSEK 60,018m
Minority interestsSEK 26.0mSEK 69.0mSEK 82.0mSEK 0.0m—

Cash flow statement

Item20252024202320222021
Operating cash flowSEK 31,120mSEK 31,756mSEK 33,949mSEK 24,476mSEK 44,619m
Investing cash flow−SEK 10,615m−SEK 11,574m−SEK 9,619m−SEK 6,813m−SEK 4,078m
Financing cash flow−SEK 16,308m−SEK 29,205m−SEK 18,615m−SEK 25,146m−SEK 30,185m
Capital expenditureSEK 9,240mSEK 10,060mSEK 7,986m——

Where each figure comes from

From the annual report H&M files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the H&M page.

Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.