WPP plc (WPP) Balance Sheet
WPP balance sheet, 2025
December 31, 2025 · British pounds£24.07B assets = £21.30B liabilities + £2.77B equity
Both columns are drawn to the same scale: what WPP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WPP financial health
Descriptive bands, not a rating. Fiscal 2025.
WPP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | £35.03B2016 | £24.07B2025 | −4.1%/yr | |
| Total liabilities | £25.26B2016 | £21.30B2025 | −1.9%/yr | |
| Shareholders’ equity | £9.32B2016 | £2.54B2025 | −13.5%/yr | |
| Cash & short-term investments | £2.44B2016 | £2.69B2025 | +1.1%/yr | |
| Total debt | £6.57B2016 | £6.83B2025 | +0.4%/yr | |
| Net cash (debt) | −£4.13B2016 | −£4.14B2025 | −£7.5M | |
| Working capital | −£1.32B2016 | −£1.67B2025 | −£342.8M | |
| Current ratio | 0.922016 | 0.892025 | −0.03 | |
| Debt / equity | 0.702016 | 2.692025 | +1.99 | |
| Shares outstanding | 259.2M2016 | 215.2M2025 | −2.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WPP assets
WPP liabilities and equity
WPP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WPP balance sheet in British pounds
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | £2.69B | £2.64B | £2.22B | £2.49B | £3.88B | £12.90B | £11.31B | £2.64B | £2.39B | £2.44B |
| Cash & equivalents | £2.69B | £2.64B | £2.22B | £2.49B | £3.88B | £12.90B | £10.44B | £10.43B | £11.51B | £2.26B |
| Short-term investments | — | £655.0M | £207.2M | £219.9M | £1.11B | £2.82B | £863.6M | £632.4M | £341.8M | £180.7M |
| Receivables | £7.28B | £10.80B | £7.33B | £11.81B | £10.79B | £10.49B | £11.82B | £13.01B | £12.47B | £12.30B |
| Inventory | £189.0M | £238.0M | −£11.49B | £1 | £254.0M | £22.8M | £349.5M | £8.22B | £9.22B | £400.4M |
| Other current assets | £3.01B | £0 | £15.88B | £796.9M | £404.5M | £572.4M | £278.4M | £486.0M | £533.0M | £310.0M |
| Total current assets | £13.17B | £13.66B | £13.94B | £15.10B | £15.34B | £23.98B | £23.76B | £24.37B | £24.62B | £15.44B |
| Property, plant & equipment (net) | £2.04B | £2.29B | £2.21B | £2.53B | £2.29B | £2.30B | £2.61B | £1.08B | £979.5M | £968.7M |
| Goodwill & intangible assets | £7.68B | £8.35B | £9.24B | £9.91B | £8.97B | £8.78B | £11.58B | £14.97B | £14.89B | £15.43B |
| Long-term investments | £0 | £0 | £0 | £0 | £0 | £0 | £22.20B | £16.72B | £2.22B | £2.38B |
| Other non-current assets | £1.18B | £1.21B | £1.23B | £1.29B | £1.27B | £1.11B | £0 | £0 | £336.5M | £802.9M |
| Total assets | £24.07B | £25.51B | £26.62B | £28.82B | £27.87B | £36.17B | £39.58B | £42.22B | £43.04B | £35.03B |
| Liabilities | ||||||||||
| Accounts payable | £10.07B | £10.64B | £10.83B | £11.18B | £10.60B | £10.21B | £14.19B | £15.02B | £14.24B | £10.31B |
| Short-term debt | £1.04B | £824.0M | £1.24B | £1.45B | £846.9M | £8.94B | £9.10B | £9.45B | £10.08B | £1.00B |
| Deferred revenue | — | — | £1.32B | £1.60B | £1.33B | £1.15B | £1.02B | £545.9M | £1.21B | £1.31B |
| Total current liabilities | £14.84B | £15.52B | £16.25B | £17.71B | £16.49B | £23.23B | £24.05B | £25.02B | £24.97B | £16.77B |
| Long-term debt | £5.79B | £5.52B | £5.64B | £5.73B | £5.98B | £6.81B | £5.99B | £5.63B | £6.25B | £5.56B |
| Lease obligations | £1.90B | £2.02B | £2.15B | £2.21B | £2.04B | £2.16B | £2.25B | £0 | £0 | £0 |
| Other long-term liabilities | £681.0M | £735.0M | £901.7M | £1.22B | £1.34B | £1.08B | £1.24B | £1.79B | £1.86B | £2.47B |
| Total liabilities | £21.30B | £21.77B | £22.79B | £24.66B | £23.80B | £31.12B | £31.29B | £32.44B | £33.08B | £25.26B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | £109.0M | £109.0M | £114.1M | £114.1M | £122.4M | £129.6M | £132.8M | £133.3M | £133.3M | £133.2M |
| Retained earnings (deficit) | £2.05B | £2.47B | £3.49B | £3.76B | £4.37B | £4.96B | £8.58B | £8.95B | £8.84B | £8.41B |
| Treasury stock | — | — | — | — | −£1.11B | −£1.12B | −£1.18B | −£1.26B | −£1.17B | £0 |
| Accumulated other comprehensive income | −£12.0M | £505.0M | £186.6M | £285.2M | −£335.9M | £191.2M | −£174.7M | £962.4M | £1.12B | £1.19B |
| Minority interest | £232.0M | £259.0M | £457.0M | £479.6M | — | — | £0 | £0 | £0 | £0 |
| Total shareholders' equity | £2.54B | £3.48B | £3.38B | £3.68B | £3.62B | £4.73B | £7.93B | £9.36B | £9.49B | £9.32B |
| Key figures | ||||||||||
| Total debt | £6.83B | £6.35B | £6.88B | £7.18B | £6.83B | £15.75B | £15.10B | £15.08B | £16.33B | £6.57B |
| Net cash (debt) | −£4.14B | −£3.71B | −£4.66B | −£4.69B | −£2.94B | −£2.85B | −£3.79B | −£12.44B | −£13.94B | −£4.13B |
| Working capital | −£1.67B | −£1.85B | −£2.31B | −£2.61B | −£1.15B | £754.6M | −£298.4M | −£649.5M | −£356.1M | −£1.32B |
| Tangible book value | −£5.14B | −£4.87B | −£5.86B | −£6.22B | −£5.36B | −£4.05B | −£3.65B | −£5.61B | −£5.40B | −£6.11B |
| Shares outstanding | 215.2M | 219.4M | 218.8M | 223.3M | 243.1M | 247.2M | 252.1M | 252.2M | 255.2M | 259.2M |
| Current ratio | 0.89 | 0.88 | 0.86 | 0.85 | 0.93 | 1.03 | 0.99 | 0.97 | 0.99 | 0.92 |
| Quick ratio | 0.67 | 0.87 | 0.59 | 0.81 | 0.89 | 1.01 | 0.96 | 0.63 | 0.59 | 0.88 |
| Debt / equity | 2.69 | 1.83 | 2.04 | 1.95 | 1.89 | 3.33 | 1.90 | 1.61 | 1.72 | 0.70 |
| Equity / assets | 10.6% | 13.6% | 12.7% | 12.8% | 13.0% | 13.1% | 20.0% | 22.2% | 22.1% | 26.6% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | £2.35B | £2.69B | £1.44B | £2.64B | £2.13B | £2.13B | £2.22B | £2.22B | £1.96B | £1.96B | £2.49B | — |
| Cash & equivalents | £2.35B | £2.69B | £1.44B | £2.64B | £2.13B | £2.13B | £2.22B | £2.04B | £1.96B | £1.96B | £2.49B | — |
| Short-term investments | — | — | — | £655.0M | — | — | £180.7M | £180.7M | £279.8M | — | £219.9M | — |
| Receivables | £10.25B | £7.28B | £10.41B | £10.80B | £11.10B | £7.98B | £11.49B | £7.33B | £9.36B | £6.46B | £7.40B | £12.37B |
| Inventory | £0 | £189.0M | £0 | £0 | −£3.27B | £0 | −£4.16B | £0 | £292.7M | £0 | £352.4M | £0 |
| Other current assets | £1 | £3.01B | £0 | £221.0M | £3.41B | £3.27B | £4.40B | £4.40B | £1.51B | £4.71B | £4.85B | £2.73B |
| Total current assets | £12.59B | £13.17B | £11.85B | £13.66B | £13.38B | £13.38B | £13.94B | £13.94B | £13.13B | £13.13B | £15.10B | £15.10B |
| Property, plant & equipment (net) | £1.93B | £2.04B | £2.24B | £2.29B | £2.15B | £2.15B | £2.21B | £2.21B | £2.40B | £2.40B | £2.53B | £0 |
| Goodwill & intangible assets | £7.74B | £7.68B | £8.07B | £8.35B | £9.14B | £9.14B | £9.24B | £9.24B | £9.80B | £9.80B | £9.91B | £0 |
| Long-term investments | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Other non-current assets | £1.16B | £1.18B | £1.23B | £1.21B | £1.15B | £1.15B | £1.23B | £1.23B | £1.13B | £1.13B | £1.29B | £11.92B |
| Total assets | £23.43B | £24.07B | £23.39B | £25.51B | £25.81B | £25.81B | £26.62B | £26.62B | £26.45B | £26.45B | £28.82B | £27.02B |
| Liabilities | ||||||||||||
| Accounts payable | £12.50B | £10.07B | £11.07B | £10.64B | £11.91B | £11.91B | £10.83B | £10.83B | £9.35B | £9.35B | £11.18B | £11.18B |
| Short-term debt | £1.70B | £1.04B | £1.38B | £824.0M | £1.46B | £1.20B | £1.24B | £946.3M | £1.39B | £1.09B | £1.45B | — |
| Deferred revenue | — | — | £1.22B | — | £1.27B | — | £1.32B | — | £1.31B | — | £1.60B | — |
| Total current liabilities | £14.55B | £14.84B | £13.76B | £15.52B | £14.99B | £14.99B | £16.25B | £16.25B | £14.87B | £14.87B | £17.71B | £17.71B |
| Long-term debt | £3.87B | £5.79B | £5.60B | £5.52B | £6.08B | £0 | £3.77B | £0 | £6.24B | £0 | £5.73B | £0 |
| Lease obligations | £1.84B | £1.90B | £1.97B | £2.02B | £2.04B | — | £2.15B | — | £2.20B | — | £2.21B | — |
| Other long-term liabilities | £2.25B | £681.0M | £630.0M | £735.0M | £789.0M | £6.87B | £2.76B | £6.54B | £1.27B | £7.52B | £1.22B | — |
| Total liabilities | £20.66B | £21.30B | £19.99B | £21.77B | £21.86B | £21.86B | £22.79B | £22.79B | £22.39B | £22.39B | £24.66B | — |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | £108.3M | £109.0M | £109.0M | £109.0M | £114.0M | £114.0M | £114.1M | £114.1M | £114.1M | £114.1M | £114.1M | £114.1M |
| Retained earnings (deficit) | £2.12B | £2.05B | £2.82B | £2.47B | £3.61B | £3.61B | £3.49B | £3.49B | £3.85B | £3.85B | £3.76B | £3.76B |
| Accumulated other comprehensive income | −£31.8M | −£12.0M | −£140.0M | £505.0M | £138.0M | £138.0M | £186.6M | £186.6M | £104.9M | £104.9M | £285.2M | — |
| Minority interest | £186.0M | £232.0M | £244.0M | £259.0M | — | — | — | — | — | — | — | — |
| Total shareholders' equity | £2.59B | £2.54B | £3.16B | £3.48B | £3.50B | £3.50B | £3.38B | £3.38B | £3.64B | £3.64B | £3.68B | — |
| Key figures | ||||||||||||
| Total debt | £7.14B | £6.83B | £6.75B | £6.35B | £7.54B | £7.28B | £6.88B | £6.58B | £7.63B | £7.34B | £7.18B | — |
| Net cash (debt) | −£4.79B | −£4.14B | −£5.32B | −£3.71B | −£5.41B | −£5.15B | −£4.66B | −£4.37B | −£5.67B | −£5.37B | −£4.69B | — |
| Working capital | −£1.96B | −£1.67B | −£1.91B | −£1.85B | −£1.61B | −£1.61B | −£2.31B | −£2.31B | −£1.74B | −£1.74B | −£2.61B | −£2.61B |
| Tangible book value | −£5.16B | −£5.14B | −£4.91B | −£4.87B | −£5.64B | −£5.64B | −£5.86B | −£5.86B | −£6.16B | −£6.16B | −£6.22B | — |
| Shares outstanding | 219.6M | 215.0M | 218.6M | 215.8M | 218.4M | 1.09B | 214.9M | 1.07B | 215.0M | 1.09B | 214.2M | 1.09B |
| Current ratio | 0.87 | 0.89 | 0.86 | 0.88 | 0.89 | 0.89 | 0.86 | 0.86 | 0.88 | 0.88 | 0.85 | 0.85 |
| Quick ratio | 0.87 | 0.67 | 0.86 | 0.87 | 0.88 | 0.67 | 0.84 | 0.59 | 0.76 | 0.57 | 0.56 | 0.70 |
| Debt / equity | 2.76 | 2.69 | 2.13 | 1.83 | 2.16 | 2.08 | 2.04 | 1.95 | 2.10 | 2.02 | 1.95 | — |
| Equity / assets | 11.0% | 10.6% | 13.5% | 13.6% | 13.5% | 13.5% | 12.7% | 12.7% | 13.7% | 13.7% | 12.8% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in British pounds as reported (latest annual report filed March 19, 2026); data from EODHD.
WPP financial position
At the end of fiscal 2025 (December 31, 2025), WPP had total assets of £24.1 billion (down 5.6% from a year earlier), total liabilities of £21.3 billion and shareholders' equity of £2.5 billion. It held £2.7 billion in cash and short-term investments against £6.8 billion of debt, net debt of £4.1 billion. Its current ratio was 0.89. In the latest quarter (ended June 30, 2026) total assets were £23.4 billion and equity £2.6 billion.
Related: WPP income statement, WPP cash flow statement, WPP key metrics. See the WPP stock overview for the latest quote and news.
WPP balance sheet FAQ
What are WPP's total assets?
WPP reported total assets of £24.1 billion at the end of fiscal 2025 (December 31, 2025), compared with £25.5 billion a year earlier.
How much debt does WPP have?
WPP had £6.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.69.
How much cash does WPP have?
WPP held £2.7 billion in cash and short-term investments at the end of fiscal 2025; with £6.8 billion of debt that is net debt of £4.1 billion.
What is WPP's book value?
WPP's shareholders' equity (book value) was £2.5 billion at the end of fiscal 2025.
What is WPP's current ratio?
WPP had current assets of £13.2 billion and current liabilities of £14.8 billion, a current ratio of 0.89 (current liabilities exceed current assets).
How much goodwill does WPP have?
WPP carried £7.7 billion of goodwill and intangible assets, 31.9% of total assets, at the end of fiscal 2025.