Alcon Inc. (ALC) Income Statement
ALC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsALC revenue and net income
Where ALC's revenue goes
2025Each bar shows an amount and its share of revenue. ALC kept 9.4% of revenue as net income.
ALC profit margins
ALC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.9% | +6.1% | +8.8% | +4.8% |
| Gross profit | +4.2% | +6.6% | +14.3% | +6.3% |
| Operating income | −3.8% | +26.5% | — | +13.0% |
| Net income | −3.7% | +43.0% | — | +12.7% |
| EPS (diluted) | +0.3% | +11.1% | +24.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ALC quarterly EPS vs estimates
Alcon beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 10, 2026 (estimate $0.89).
ALC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.40B | $9.91B | $9.46B | $8.72B | $8.29B | $6.83B | $7.51B | $7.15B | $6.79B | $6.60B |
| Cost of revenue | $4.66B | $4.40B | $4.21B | $3.97B | $3.64B | $3.89B | $3.85B | $3.96B | $3.59B | $3.48B |
| Gross profit | $5.75B | $5.51B | $5.25B | $4.75B | $4.65B | $2.94B | $3.66B | $3.19B | $3.20B | $3.11B |
| Research & development | $990.0M | $876.0M | $859.0M | $702.0M | $842.0M | $673.0M | $656.0M | $587.0M | $584.0M | $499.0M |
| Sales, general & admin | $3.45B | $3.25B | $3.21B | $3.07B | $3.06B | $2.69B | $2.85B | $2.80B | $2.60B | $2.53B |
| Total operating expenses | $4.38B | $4.10B | $4.21B | $4.08B | $4.07B | $3.42B | $3.85B | $3.44B | $3.28B | $3.10B |
| Operating income | $1.36B | $1.41B | $1.04B | $672.0M | $580.0M | −$482.0M | −$187.0M | −$248.0M | −$77.0M | $10.0M |
| Interest income | $74.0M | $84.0M | $45.0M | $16.0M | $146.0M | $6.0M | $8.0M | $39.0M | $37.0M | $101.0M |
| Interest expense | $204.0M | $186.2M | $189.0M | $138.4M | $120.3M | $131.7M | $134.4M | $23.8M | $27.0M | $30.0M |
| Income before taxes | $1.16B | $1.26B | $832.0M | $463.0M | $418.0M | −$635.0M | −$332.0M | −$300.0M | −$127.0M | −$113.0M |
| Income taxes | $180.0M | $238.0M | −$142.0M | $128.0M | $42.0M | −$104.0M | $324.0M | −$73.0M | −$383.0M | $57.0M |
| Net income | $980.0M | $1.02B | $974.0M | $335.0M | $376.0M | −$531.0M | −$656.0M | −$227.0M | $256.0M | −$170.0M |
| EBITDA | $2.50B | $2.68B | $2.24B | $1.74B | $1.76B | $1.18B | $1.26B | $1.35B | $1.22B | $1.17B |
| EPS (diluted) | $3.06 | $3.05 | $2.74 | $2.23 | $2.15 | $1.04 | $1.16 | $0.39 | $0.52 | — |
| Gross margin | 55.2% | 55.6% | 55.5% | 54.5% | 56.1% | 43.0% | 48.8% | 44.6% | 47.2% | 47.2% |
| Operating margin | 13.1% | 14.3% | 11.0% | 7.7% | 7.0% | −7.1% | −2.5% | −3.5% | −1.1% | 0.2% |
| Net margin | 9.4% | 10.3% | 10.3% | 3.8% | 4.5% | −7.8% | −8.7% | −3.2% | 3.8% | −2.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.82B | $2.65B | $2.72B | $2.61B | $2.60B | $2.47B | $2.50B | $2.45B | $2.50B | $2.46B | $2.35B | $2.33B |
| Cost of revenue | $1.15B | $1.16B | $1.25B | $1.16B | $1.21B | $1.09B | $1.12B | $1.08B | $1.12B | $1.08B | $1.06B | $1.04B |
| Gross profit | $1.68B | $1.50B | $1.47B | $1.46B | $1.39B | $1.38B | $1.39B | $1.37B | $1.37B | $1.38B | $1.29B | $1.29B |
| Research & development | $663.0M | $240.2M | $273.0M | $250.0M | $245.0M | $222.0M | $232.0M | $225.0M | $220.0M | $199.0M | $239.0M | $201.0M |
| Sales, general & admin | $964.0M | $882.0M | $901.0M | $865.0M | $870.0M | $813.0M | $802.0M | $809.0M | $837.0M | $802.0M | $794.0M | $798.0M |
| Total operating expenses | $1.66B | $1.08B | $1.16B | $1.13B | $1.14B | $915.0M | $990.0M | $1.04B | $1.06B | $1.01B | $1.08B | $996.0M |
| Operating income | $11.0M | $410.9M | $313.0M | $332.0M | $247.0M | $468.0M | $395.0M | $332.0M | $318.0M | $368.0M | $208.0M | $293.0M |
| Interest expense | $53.0M | $51.0M | $53.0M | $51.0M | $51.0M | $49.8M | $48.0M | $49.0M | $50.0M | $45.0M | $49.5M | $47.0M |
| Income before taxes | −$46.0M | $235.3M | $264.0M | $283.0M | $199.0M | $414.0M | $349.0M | $292.0M | $280.0M | $335.0M | $168.0M | $238.0M |
| Income taxes | −$46.0M | $50.0M | $47.0M | $46.0M | $23.0M | $64.0M | $65.0M | $29.0M | $57.0M | $87.0M | −$259.0M | $34.0M |
| Net income | $0 | $185.3M | $217.0M | $237.0M | $176.0M | $350.0M | $284.0M | $263.0M | $223.0M | $248.0M | $427.0M | $204.0M |
| EBITDA | $800.0M | $564.8M | $740.0M | $664.6M | $612.0M | $773.0M | $616.0M | $629.0M | $641.0M | $656.2M | $543.8M | $570.0M |
| EPS (diluted) | $0.84 | $0.85 | $0.78 | $0.79 | $0.76 | $0.73 | $0.72 | $0.81 | $0.74 | $0.78 | $0.69 | $0.66 |
| Gross margin | 59.3% | 56.4% | 54.2% | 55.8% | 53.5% | 55.9% | 55.4% | 55.9% | 55.0% | 56.2% | 54.8% | 55.3% |
| Operating margin | 0.4% | 15.5% | 11.5% | 12.7% | 9.5% | 18.9% | 15.8% | 13.5% | 12.7% | 15.0% | 8.8% | 12.6% |
| Net margin | 0.0% | 7.0% | 8.0% | 9.1% | 6.8% | 14.2% | 11.4% | 10.7% | 8.9% | 10.1% | 18.2% | 8.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ALC's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ALC financial results
In fiscal year 2025 (ended December 31, 2025), Alcon reported revenue of $10.4 billion, up 4.9% from the year before. It had net income of $980.0 million (down 3.7%), a net profit margin of 9.4%. Diluted earnings per share came to $3.06. Over five years revenue grew at an average rate of 8.8% a year.
See the ALC stock overview for the latest quote and news, or the ALC chart for price history and technical indicators.
ALC income statement FAQ
What is Alcon's annual revenue?
Alcon reported total revenue of $10.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.9% from $9.9 billion the previous year.
Is Alcon profitable?
Yes. Alcon reported net income of $980.0 million in fiscal 2025, a net profit margin of 9.4%; its operating margin was 13.1%.
What is Alcon's gross margin?
Alcon's gross margin was 55.2% in fiscal 2025: for every $100 of revenue, Alcon kept $55 after the direct cost of its products and services.
How much does Alcon spend on research and development?
Alcon spent $990.0 million on research and development in fiscal 2025, 9.5% of revenue.
How fast is Alcon growing?
Revenue grew 8.8% a year on average over the last five fiscal years, from $6.8 billion to $10.4 billion.
What are Alcon's earnings per share?
Alcon earned $3.06 per diluted share in fiscal 2025, compared with $3.05 a year earlier.
When will Alcon report its next earnings?
Alcon is expected to report results for the quarter ending September 30, 2026 on November 10, 2026 after the market closes.
When does Alcon's fiscal year end?
Alcon's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.