Axalta Coating Systems Ltd. (AXTA) Income Statement
AXTA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAXTA revenue and net income
Where AXTA's revenue goes
2025Each bar shows an amount and its share of revenue. AXTA kept 7.4% of revenue as net income.
AXTA profit margins
AXTA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.0% | +1.6% | +6.5% | +2.2% |
| Gross profit | −7.1% | +5.6% | +5.5% | +1.0% |
| Operating income | +8.2% | +21.8% | +20.1% | +5.1% |
| Net income | −3.3% | +25.3% | +25.5% | +15.2% |
| EPS (diluted) | +11.2% | +18.7% | +13.4% | +8.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AXTA quarterly EPS vs estimates
Axalta Coating Systems beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.71).
AXTA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.12B | $5.28B | $5.18B | $4.88B | $4.42B | $3.74B | $4.48B | $4.70B | $4.38B | $4.09B |
| Cost of revenue | $3.45B | $3.48B | $3.56B | $3.47B | $2.99B | $2.46B | $2.92B | $3.11B | $2.78B | $2.53B |
| Gross profit | $1.67B | $1.80B | $5.18B | $1.42B | $1.43B | $1.28B | $1.56B | $1.59B | $1.60B | $1.56B |
| Research & development | $71.0M | $74.0M | $74.0M | $66.0M | $62.4M | $55.2M | $70.2M | $73.1M | $65.3M | $57.7M |
| Sales, general & admin | $805.0M | $847.0M | $826.0M | $772.4M | $738.7M | $695.0M | $822.1M | $959.1M | $997.7M | $962.5M |
| Total operating expenses | $906.0M | $1.09B | $914.1M | $995.0M | $966.5M | $974.2M | $1.08B | $1.15B | $1.23B | $1.16B |
| Operating income | $764.0M | $706.0M | $587.5M | $423.0M | $462.4M | $305.5M | $488.2M | $442.1M | $363.7M | $405.1M |
| Interest income | — | — | — | — | — | — | $173.7M | $176.7M | $154.4M | $208.8M |
| Interest expense | $193.0M | $205.0M | $213.3M | $140.0M | $134.2M | $149.9M | $162.6M | $159.6M | $147.0M | $178.2M |
| Income before taxes | $546.0M | $496.0M | $354.7M | $257.0M | $340.5M | $122.2M | $330.0M | $267.5M | $189.6M | $82.7M |
| Income taxes | $167.0M | $105.0M | $86.2M | $65.0M | $76.1M | $200,000 | $77.4M | $54.2M | $141.9M | $38.1M |
| Net income | $378.0M | $391.0M | $267.4M | $192.0M | $263.9M | $121.6M | $249.0M | $207.1M | $36.7M | $38.8M |
| EBITDA | $1.03B | $981.0M | $587.5M | $700.1M | $791.2M | $592.4M | $845.6M | $796.2M | $684.1M | $583.0M |
| EPS (diluted) | $2.49 | $2.24 | $1.58 | $1.49 | $1.67 | $1.33 | $1.80 | $1.29 | $1.20 | $1.11 |
| Gross margin | 32.6% | 34.1% | 100.0% | 29.0% | 32.4% | 34.2% | 34.9% | 33.9% | 36.5% | 38.2% |
| Operating margin | 14.9% | 13.4% | 11.3% | 8.7% | 10.5% | 8.2% | 10.9% | 9.4% | 8.3% | 9.9% |
| Net margin | 7.4% | 7.4% | 5.2% | 3.9% | 6.0% | 3.3% | 5.6% | 4.4% | 0.8% | 0.9% |
| 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 | $1.35B | $1.25B | $1.26B | $1.29B | $1.30B | $1.26B | $1.31B | $1.32B | $1.35B | $1.29B | $1.30B | $1.31B |
| Cost of revenue | $881.0M | $864.0M | $865.0M | $863.0M | $872.0M | $853.0M | $864.0M | $858.0M | $891.0M | $865.0M | $873.8M | $886.0M |
| Gross profit | $465.0M | $390.0M | $397.0M | $425.0M | $433.0M | $409.0M | $447.0M | $462.0M | $460.0M | $429.0M | $423.5M | $423.0M |
| Research & development | $18.0M | $18.0M | $16.0M | $18.0M | $20.0M | $17.0M | $19.0M | $19.0M | $18.0M | $18.0M | $17.8M | $18.0M |
| Sales, general & admin | $213.0M | $200.0M | $198.0M | $197.0M | $208.0M | $202.0M | $216.0M | $211.0M | $213.0M | $207.0M | $214.9M | $209.0M |
| Total operating expenses | $298.0M | $244.0M | $234.0M | $219.0M | $231.0M | $222.0M | $260.0M | $269.0M | $255.0M | $308.0M | $262.3M | $260.0M |
| Operating income | $167.0M | $146.0M | $163.0M | $206.0M | $202.0M | $187.0M | $187.0M | $193.0M | $205.0M | $121.0M | $161.2M | $163.0M |
| Interest expense | $37.0M | $38.0M | $46.0M | $49.0M | $49.0M | $49.0M | $47.0M | $54.0M | $50.0M | $54.0M | $55.4M | $55.0M |
| Income before taxes | $134.0M | $105.0M | $119.0M | $155.0M | $143.0M | $129.0M | $139.0M | $142.0M | $156.0M | $59.0M | $101.8M | $103.0M |
| Income taxes | $45.0M | $14.0M | $59.0M | $45.0M | $33.0M | $30.0M | $2.0M | $40.0M | $43.0M | $20.0M | $28.2M | $30.0M |
| Net income | $89.0M | $90.0M | $60.0M | $110.0M | $109.0M | $99.0M | $137.0M | $101.0M | $112.0M | $41.0M | $73.1M | $72.0M |
| EBITDA | $247.0M | $219.0M | $242.0M | $278.0M | $266.0M | $248.0M | $259.0M | $267.0M | $274.0M | $181.0M | $225.9M | $229.0M |
| EPS (diluted) | $0.72 | $0.56 | $0.59 | $0.67 | $0.64 | $0.59 | $0.60 | $0.59 | $0.57 | $0.48 | $0.43 | $0.45 |
| Gross margin | 34.5% | 31.1% | 31.5% | 33.0% | 33.2% | 32.4% | 34.1% | 35.0% | 34.0% | 33.2% | 32.6% | 32.3% |
| Operating margin | 12.4% | 11.6% | 12.9% | 16.0% | 15.5% | 14.8% | 14.3% | 14.6% | 15.2% | 9.4% | 12.4% | 12.5% |
| Net margin | 6.6% | 7.2% | 4.8% | 8.5% | 8.4% | 7.8% | 10.5% | 7.7% | 8.3% | 3.2% | 5.6% | 5.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AXTA's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AXTA financial results
In fiscal year 2025 (ended December 31, 2025), Axalta Coating Systems reported revenue of $5.1 billion, down 3.0% from the year before. It had net income of $378.0 million (down 3.3%), a net profit margin of 7.4%. Diluted earnings per share came to $2.49. Over five years revenue grew at an average rate of 6.5% a year.
See the AXTA stock overview for the latest quote and news, or the AXTA chart for price history and technical indicators.
AXTA income statement FAQ
What is Axalta Coating Systems's annual revenue?
Axalta Coating Systems reported total revenue of $5.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.0% from $5.3 billion the previous year.
Is Axalta Coating Systems profitable?
Yes. Axalta Coating Systems reported net income of $378.0 million in fiscal 2025, a net profit margin of 7.4%; its operating margin was 14.9%.
What is Axalta Coating Systems's gross margin?
Axalta Coating Systems's gross margin was 32.6% in fiscal 2025: for every $100 of revenue, Axalta Coating Systems kept $33 after the direct cost of its products and services.
How much does Axalta Coating Systems spend on research and development?
Axalta Coating Systems spent $71.0 million on research and development in fiscal 2025, 1.4% of revenue.
How fast is Axalta Coating Systems growing?
Revenue grew 6.5% a year on average over the last five fiscal years, from $3.7 billion to $5.1 billion.
What are Axalta Coating Systems's earnings per share?
Axalta Coating Systems earned $2.49 per diluted share in fiscal 2025, compared with $2.24 a year earlier.
When will Axalta Coating Systems report its next earnings?
Axalta Coating Systems is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Axalta Coating Systems's fiscal year end?
Axalta Coating Systems's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.