Levi Strauss & Co. (LEVI) Income Statement
LEVI FY2025 at a glance
Fiscal year ended November 30, 2025 · U.S. dollarsLEVI revenue and net income
Where LEVI's revenue goes
FY2025Each bar shows an amount and its share of revenue. LEVI kept 9.2% of revenue as net income.
LEVI profit margins
LEVI growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.2% | +0.6% | +7.1% | +3.4% |
| Gross profit | +1.6% | +3.0% | +10.5% | +5.5% |
| Operating income | +156.6% | +1.6% | — | +4.6% |
| Net income | +174.5% | +0.5% | — | +10.7% |
| EPS (diluted) | +8.0% | −3.2% | +46.5% | +9.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LEVI quarterly EPS vs estimates
Levi Strauss beat the analyst EPS estimate in 8 of the last 8 quarters.
LEVI income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.28B | $6.36B | $6.18B | $6.17B | $5.76B | $4.45B | $5.76B | $5.58B | $4.90B | $4.55B |
| Cost of revenue | $2.40B | $2.54B | $2.66B | $2.62B | $2.42B | $2.10B | $2.66B | $2.58B | $2.34B | $2.22B |
| Gross profit | $3.88B | $3.82B | $3.52B | $3.55B | $3.35B | $2.35B | $3.10B | $3.00B | $2.56B | $2.33B |
| Sales, general & admin | $3.17B | $3.25B | $3.07B | $2.88B | $2.66B | $2.27B | $2.53B | $2.46B | $2.08B | $1.87B |
| Total operating expenses | $3.20B | $3.55B | $3.07B | $2.90B | $2.66B | $2.44B | $2.53B | $2.46B | $2.08B | $1.87B |
| Operating income | $677.6M | $264.1M | $353.3M | $646.5M | $686.2M | −$85.1M | $566.7M | $540.4M | $480.1M | $462.2M |
| Interest income | — | — | — | — | $2.5M | $8.4M | $17.2M | $9.4M | $3.4M | $1.4M |
| Interest expense | $48.6M | $41.8M | $45.9M | $25.7M | $72.9M | $82.2M | $66.2M | $55.3M | $68.6M | $73.2M |
| Income before taxes | $634.0M | $219.0M | $265.2M | $649.6M | $580.2M | −$189.8M | $477.6M | $500.0M | $348.8M | $407.3M |
| Income taxes | $132.0M | $8.4M | $15.6M | $80.5M | $26.7M | −$62.6M | $82.6M | $214.8M | $64.2M | $116.1M |
| Net income | $578.1M | $210.6M | $249.6M | $569.1M | $553.5M | −$127.1M | $394.6M | $283.1M | $281.4M | $291.1M |
| EBITDA | $888.9M | $454.0M | $353.3M | $834.2M | $796.3M | $34.2M | $667.8M | $675.5M | $534.8M | $584.3M |
| EPS (diluted) | $1.35 | $1.25 | $1.10 | $1.49 | $1.46 | $0.20 | $1.12 | $0.78 | $0.75 | $0.78 |
| Gross margin | 61.7% | 60.0% | 56.9% | 57.5% | 58.1% | 52.8% | 53.8% | 53.8% | 52.3% | 51.2% |
| Operating margin | 10.8% | 4.2% | 5.7% | 10.5% | 11.9% | −1.9% | 9.8% | 9.7% | 9.8% | 10.2% |
| Net margin | 9.2% | 3.3% | 4.0% | 9.2% | 9.6% | −2.9% | 6.8% | 5.1% | 5.7% | 6.4% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.61B | $1.56B | $1.74B | $1.77B | $1.54B | $1.45B | $1.53B | $1.84B | $1.52B | $1.36B | $1.48B | $1.64B |
| Cost of revenue | $543.9M | $582.9M | $664.2M | $693.0M | $591.8M | $540.2M | $579.2M | $712.7M | $606.1M | $526.4M | $610.4M | $692.6M |
| Gross profit | $1.07B | $979.1M | $1.08B | $1.07B | $951.6M | $905.8M | $947.6M | $1.13B | $910.7M | $832.4M | $869.8M | $949.7M |
| Sales, general & admin | $835.9M | $726.8M | $860.5M | $859.8M | $775.6M | $791.0M | $749.3M | $21.6M | $765.6M | $756.4M | $756.1M | $1.03B |
| Total operating expenses | $843.5M | $740.3M | $879.6M | $862.2M | $784.2M | $797.8M | $756.0M | $914.7M | $880.4M | $811.5M | $869.2M | $798.5M |
| Operating income | $222.3M | $238.8M | $198.7M | $210.6M | $167.4M | $108.0M | $191.6M | $212.3M | $30.3M | $20.9M | $600,000 | $151.2M |
| Interest expense | $12.9M | $12.9M | $13.1M | $13.4M | $12.5M | $11.8M | $10.9M | $11.4M | $10.1M | $10.3M | $10.0M | $10.5M |
| Income before taxes | $220.1M | $122.2M | $228.2M | $198.7M | $156.2M | $102.5M | $176.6M | $199.9M | $19.8M | $11.0M | −$11.7M | $136.6M |
| Income taxes | $51.5M | $27.4M | $51.1M | $38.5M | $34.2M | $22.9M | $36.4M | $17.3M | −$900,000 | −$6.2M | −$1.9M | $9.7M |
| Net income | $168.6M | $87.3M | $175.8M | $158.0M | $218.1M | $67.0M | $135.0M | $182.6M | $20.7M | $18.0M | −$10.6M | $126.9M |
| EBITDA | $287.8M | $192.3M | $296.9M | $267.0M | $220.5M | $165.1M | $236.7M | $265.7M | $80.0M | $65.4M | $42.9M | $190.2M |
| EPS (diluted) | $0.48 | $0.28 | $0.42 | $0.41 | $0.34 | $0.22 | $0.38 | $0.50 | $0.33 | $0.16 | $0.26 | $0.44 |
| Gross margin | 66.2% | 62.7% | 61.9% | 60.8% | 61.7% | 62.6% | 62.1% | 61.3% | 60.0% | 61.3% | 58.8% | 57.8% |
| Operating margin | 13.8% | 15.3% | 11.4% | 11.9% | 10.8% | 7.5% | 12.5% | 11.5% | 2.0% | 1.5% | 0.0% | 9.2% |
| Net margin | 10.5% | 5.6% | 10.1% | 8.9% | 14.1% | 4.6% | 8.8% | 9.9% | 1.4% | 1.3% | −0.7% | 7.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LEVI's financial statements (latest annual report filed January 28, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LEVI financial results
In fiscal year 2025 (ended November 30, 2025), Levi Strauss reported revenue of $6.3 billion, down 1.2% from the year before. It had net income of $578.1 million (up 174.5%), a net profit margin of 9.2%. Diluted earnings per share came to $1.35. Over five years revenue grew at an average rate of 7.1% a year.
See the LEVI stock overview for the latest quote and news, or the LEVI chart for price history and technical indicators.
LEVI income statement FAQ
What is Levi Strauss's annual revenue?
Levi Strauss reported total revenue of $6.3 billion for fiscal year 2025, which ended on November 30, 2025. That was down 1.2% from $6.4 billion the previous year.
Is Levi Strauss profitable?
Yes. Levi Strauss reported net income of $578.1 million in fiscal 2025, a net profit margin of 9.2%; its operating margin was 10.8%.
What is Levi Strauss's gross margin?
Levi Strauss's gross margin was 61.7% in fiscal 2025: for every $100 of revenue, Levi Strauss kept $62 after the direct cost of its products and services.
How fast is Levi Strauss growing?
Revenue grew 7.1% a year on average over the last five fiscal years, from $4.5 billion to $6.3 billion.
What are Levi Strauss's earnings per share?
Levi Strauss earned $1.35 per diluted share in fiscal 2025, compared with $1.25 a year earlier.
When does Levi Strauss's fiscal year end?
Levi Strauss's fiscal year ends in November. The latest annual report covers the year ended November 30, 2025 and was filed on January 28, 2026.