BP p.l.c. (BP) Income Statement
BP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBP revenue and net income
Where BP's revenue goes
2025Each bar shows an amount and its share of revenue. BP kept 0.0% of revenue as net income.
BP profit margins
BP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.1% | −7.8% | +12.3% | −1.6% |
| Gross profit | +10.9% | −15.3% | +26.9% | +21.4% |
| Operating income | +20.4% | −28.0% | — | — |
| Net income | −85.6% | — | — | — |
| EPS (diluted) | −11.1% | −30.9% | — | +4.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BP quarterly EPS vs estimates
BP p.l.c. beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 30, 2026 (estimate $2.09).
BP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $189.34B | $189.19B | $210.13B | $241.39B | $157.74B | $105.94B | $159.31B | $298.76B | $240.21B | $183.01B |
| Cost of revenue | $155.81B | $158.95B | $162.06B | $186.30B | $134.88B | $95.76B | $131.72B | $269.88B | $221.30B | $176.48B |
| Gross profit | $33.53B | $30.24B | $48.07B | $55.10B | $22.86B | $10.18B | $27.58B | $28.88B | $18.90B | $6.52B |
| Research & development | — | $301.0M | $298.0M | $274.0M | $266.0M | $332.0M | $364.0M | $429.0M | $391.0M | $400.0M |
| Sales, general & admin | $17.49B | $16.42B | $16.77B | $13.45B | $11.93B | $10.40B | $11.06B | $12.18B | $10.51B | $10.49B |
| Total operating expenses | $18.06B | $17.39B | $17.02B | $13.65B | $12.19B | $10.76B | $11.39B | $13.62B | $12.59B | $12.22B |
| Operating income | $15.46B | $12.85B | $31.05B | $41.45B | $10.67B | −$573.0M | $16.19B | $16.34B | $7.92B | −$4.42B |
| Interest income | $1.61B | $2.77B | $971.0M | $1.10B | $581.0M | $2.85B | $1.26B | $2.43B | $1.37B | $1.52B |
| Interest expense | $5.16B | $4.57B | $3.83B | $2.62B | $2.52B | $2.16B | $2.42B | $2.53B | $2.07B | $1.68B |
| Income before taxes | $7.75B | $6.78B | $23.75B | $15.40B | $15.23B | −$24.89B | $8.15B | $16.72B | $7.18B | −$2.29B |
| Income taxes | $6.45B | $5.55B | $7.87B | $16.76B | $6.74B | −$4.16B | $3.96B | $7.14B | $3.71B | −$2.47B |
| Net income | $55.0M | $381.0M | $15.24B | −$2.49B | $7.57B | −$20.30B | $4.03B | $9.38B | $3.39B | $115.0M |
| EBITDA | $30.73B | $27.97B | $43.50B | $32.35B | $32.55B | −$7.04B | $29.42B | $34.71B | $24.22B | $13.88B |
| EPS (diluted) | $2.88 | $3.24 | $4.77 | $8.71 | $3.83 | −$1.68 | $2.95 | $3.82 | $1.88 | $0.83 |
| Gross margin | 17.7% | 16.0% | 22.9% | 22.8% | 14.5% | 9.6% | 17.3% | 9.7% | 7.9% | 3.6% |
| Operating margin | 8.2% | 6.8% | 14.8% | 17.2% | 6.8% | −0.5% | 10.2% | 5.5% | 3.3% | −2.4% |
| Net margin | 0.0% | 0.2% | 7.3% | −1.0% | 4.8% | −19.2% | 2.5% | 3.1% | 1.4% | 0.1% |
| 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 | $70.11B | $52.26B | $47.38B | $48.42B | $46.63B | $46.91B | $45.75B | $47.25B | $47.30B | $48.88B | $52.14B | $53.27B |
| Cost of revenue | $50.73B | $39.63B | $39.70B | $39.55B | $38.08B | $38.46B | $39.96B | $39.73B | $40.16B | $39.09B | $41.32B | $40.63B |
| Gross profit | $19.38B | $12.63B | $7.68B | $8.87B | $8.54B | $8.44B | $5.79B | $7.53B | $7.13B | $9.79B | $10.82B | $12.64B |
| Research & development | — | — | — | — | — | — | — | — | — | — | $298.0M | $298.0M |
| Sales, general & admin | $4.61B | $4.63B | $4.57B | $4.27B | $4.24B | $4.41B | $4.10B | $3.93B | $4.17B | $4.22B | $4.95B | $4.46B |
| Total operating expenses | $10.44B | $4.67B | $4.67B | $4.50B | $4.38B | $4.51B | $4.27B | $4.30B | $4.35B | $4.47B | $5.23B | $4.55B |
| Operating income | $8.94B | $7.96B | $3.00B | $4.37B | $4.16B | $3.93B | $1.51B | $3.22B | $2.79B | $5.32B | $5.59B | $8.08B |
| Interest income | $411.0M | $338.0M | $452.0M | $397.0M | $458.0M | $385.0M | $1.54B | $438.0M | $414.0M | $381.0M | $213.0M | $556.0M |
| Interest expense | $1.18B | $1.17B | $1.29B | $1.27B | $1.23B | $1.32B | $1.29B | $1.10B | $1.22B | $1.07B | $1.04B | $1.04B |
| Income before taxes | $7.82B | $7.37B | −$1.50B | $3.24B | $2.88B | $3.13B | −$503.0M | $1.40B | $1.25B | $4.63B | $1.10B | $7.31B |
| Income taxes | $3.49B | $3.15B | $1.62B | $1.73B | $954.0M | $2.15B | $1.12B | $1.03B | $1.18B | $2.22B | $663.0M | $2.24B |
| Net income | $3.91B | $3.84B | −$3.42B | $1.16B | $1.63B | $687.0M | −$1.96B | $206.0M | −$129.0M | $2.26B | $371.0M | $4.86B |
| EBITDA | $13.67B | $12.95B | $4.31B | $8.97B | $8.84B | $8.63B | $5.17B | $6.62B | $6.57B | $9.86B | $6.58B | $12.49B |
| EPS (diluted) | $2.22 | $1.24 | $0.60 | $0.85 | $0.90 | $0.53 | $0.44 | $0.83 | $1.00 | $0.97 | $1.07 | $1.15 |
| Gross margin | 27.6% | 24.2% | 16.2% | 18.3% | 18.3% | 18.0% | 12.7% | 15.9% | 15.1% | 20.0% | 20.8% | 23.7% |
| Operating margin | 12.8% | 15.2% | 6.3% | 9.0% | 8.9% | 8.4% | 3.3% | 6.8% | 5.9% | 10.9% | 10.7% | 15.2% |
| Net margin | 5.6% | 7.3% | −7.2% | 2.4% | 3.5% | 1.5% | −4.3% | 0.4% | −0.3% | 4.6% | 0.7% | 9.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BP's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BP financial results
In fiscal year 2025 (ended December 31, 2025), BP p.l.c. reported revenue of $189.3 billion, up 0.1% from the year before. It had net income of $55.0 million (down 85.6%), a net profit margin of 0.0%. Diluted earnings per share came to $2.88. Over five years revenue grew at an average rate of 12.3% a year.
See the BP stock overview for the latest quote and news, or the BP chart for price history and technical indicators.
BP income statement FAQ
What is BP p.l.c.'s annual revenue?
BP p.l.c. reported total revenue of $189.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.1% from $189.2 billion the previous year.
Is BP p.l.c. profitable?
Yes. BP p.l.c. reported net income of $55.0 million in fiscal 2025, a net profit margin of 0.0%; its operating margin was 8.2%.
What is BP p.l.c.'s gross margin?
BP p.l.c.'s gross margin was 17.7% in fiscal 2025: for every $100 of revenue, BP p.l.c. kept $18 after the direct cost of its products and services.
How fast is BP p.l.c. growing?
Revenue grew 12.3% a year on average over the last five fiscal years, from $105.9 billion to $189.3 billion.
What are BP p.l.c.'s earnings per share?
BP p.l.c. earned $2.88 per diluted share in fiscal 2025, compared with $3.24 a year earlier.
When will BP p.l.c. report its next earnings?
BP p.l.c. is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does BP p.l.c.'s fiscal year end?
BP p.l.c.'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.