Newmont Corporation (NEM) Income Statement
NEM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNEM revenue and net income
Where NEM's revenue goes
2025Each bar shows an amount and its share of revenue. NEM kept 31.3% of revenue as net income.
NEM profit margins
NEM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.2% | +23.8% | +14.7% | +14.1% |
| Gross profit | +87.8% | +77.9% | +27.7% | +29.2% |
| Operating income | +91.8% | +89.5% | +30.0% | +36.2% |
| Net income | +111.6% | — | +20.2% | +41.5% |
| EPS (diluted) | +98.6% | +54.9% | +21.2% | +21.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NEM quarterly EPS vs estimates
Newmont beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $1.96).
NEM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.67B | $18.56B | $11.78B | $11.95B | $12.19B | $11.42B | $9.73B | $7.26B | $7.36B | $6.69B |
| Cost of revenue | $10.61B | $12.13B | $10.61B | $9.80B | $9.81B | $7.87B | $7.70B | $5.67B | $5.72B | $5.38B |
| Gross profit | $12.06B | $6.42B | $1.17B | $2.14B | $2.38B | $3.55B | $2.02B | $1.59B | $1.63B | $1.31B |
| Research & development | $166.0M | $197.0M | $200.0M | $229.0M | $154.0M | $122.0M | $150.0M | $153.0M | $143.0M | $134.0M |
| Sales, general & admin | $382.0M | $442.0M | $299.0M | $276.0M | $259.0M | $269.0M | $313.0M | $244.0M | $237.0M | $233.0M |
| Total operating expenses | $1.04B | $676.0M | $520.0M | $523.0M | $460.0M | $584.0M | $499.0M | $406.0M | $396.0M | $383.0M |
| Operating income | $11.02B | $5.75B | $650.0M | $1.62B | $1.92B | $2.96B | $1.52B | $1.18B | $1.24B | $932.0M |
| Interest income | $214.0M | $152.0M | $143.0M | $78.0M | $368.0M | $24.0M | $57.0M | $159.0M | $28.0M | $271.0M |
| Interest expense | $229.0M | $385.0M | $248.0M | $227.0M | $266.0M | $291.0M | $312.0M | $197.0M | $231.0M | $240.0M |
| Income before taxes | $11.76B | $4.71B | −$1.97B | $56.0M | $1.27B | $3.33B | $3.79B | $705.0M | $1.06B | −$227.0M |
| Income taxes | $4.60B | $1.40B | $526.0M | $455.0M | $1.10B | $704.0M | $832.0M | $386.0M | $1.13B | $563.0M |
| Net income | $7.08B | $3.35B | −$2.52B | −$459.0M | $1.17B | $2.83B | $2.81B | $341.0M | −$114.0M | −$27.0M |
| EBITDA | $14.09B | $7.54B | $325.0M | $2.36B | $5.54B | $6.10B | $6.25B | $2.31B | $2.76B | $1.43B |
| EPS (diluted) | $6.91 | $3.48 | $1.59 | $1.86 | $2.95 | $2.64 | $1.31 | $1.34 | $1.46 | $1.54 |
| Gross margin | 53.2% | 34.6% | 9.9% | 17.9% | 19.5% | 31.1% | 20.8% | 21.9% | 22.2% | 19.6% |
| Operating margin | 48.6% | 31.0% | 5.5% | 13.6% | 15.7% | 26.0% | 15.7% | 16.3% | 16.8% | 13.9% |
| Net margin | 31.3% | 18.0% | −21.4% | −3.8% | 9.6% | 24.8% | 28.8% | 4.7% | −1.5% | −0.4% |
| 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 | $6.12B | $7.31B | $6.57B | $5.38B | $5.28B | $4.87B | $4.87B | $4.60B | $4.31B | $4.00B | $3.92B | $2.49B |
| Cost of revenue | $2.69B | $2.57B | $2.71B | $2.78B | $2.77B | $2.84B | $2.84B | $3.15B | $2.91B | $2.91B | $4.24B | $2.10B |
| Gross profit | $3.43B | $4.74B | $3.86B | $2.60B | $2.51B | $2.03B | $2.03B | $1.45B | $1.40B | $1.09B | −$315.0M | $398.0M |
| Research & development | $47.0M | $45.0M | $43.0M | $40.0M | $40.0M | $43.0M | $43.0M | $47.0M | $49.0M | $53.0M | $68.0M | $53.0M |
| Sales, general & admin | $74.0M | $79.0M | $91.0M | $86.0M | $95.0M | $110.0M | $128.0M | $113.0M | $100.0M | $101.0M | $84.0M | $70.0M |
| Total operating expenses | $271.0M | $253.0M | $173.0M | $139.0M | $169.0M | $165.0M | $165.0M | $168.0M | $169.0M | $159.0M | $155.0M | $133.0M |
| Operating income | $3.15B | $4.49B | $3.69B | $2.46B | $2.34B | $1.86B | $1.86B | $1.28B | $1.23B | $931.0M | −$470.0M | $265.0M |
| Interest income | $87.0M | $84.0M | $63.0M | $56.0M | $54.0M | $41.0M | $38.0M | $37.0M | $38.0M | $39.0M | $40.0M | $35.0M |
| Interest expense | $35.0M | $39.0M | $33.0M | $52.0M | $65.0M | $79.0M | $79.0M | $86.0M | $103.0M | $93.0M | $86.0M | $48.0M |
| Income before taxes | $3.20B | $4.73B | $3.42B | $2.63B | $3.17B | $2.55B | $2.55B | $1.12B | $1.03B | $435.0M | −$3.02B | $235.0M |
| Income taxes | $952.0M | $1.40B | $2.07B | $787.0M | $1.09B | $647.0M | $647.0M | $244.0M | $191.0M | $260.0M | $117.0M | $73.0M |
| Net income | $2.20B | $3.26B | $1.30B | $1.83B | $2.06B | $1.89B | $1.89B | $922.0M | $853.0M | $166.0M | −$3.15B | $158.0M |
| EBITDA | $3.64B | $5.25B | $4.07B | $3.45B | $3.89B | $3.24B | $3.24B | $1.91B | $1.83B | $1.27B | −$1.10B | $926.0M |
| EPS (diluted) | $2.10 | $2.90 | $2.52 | $1.71 | $1.43 | $1.25 | $1.40 | $0.81 | $0.72 | $0.55 | $0.50 | $0.36 |
| Gross margin | 56.0% | 64.8% | 58.8% | 48.3% | 47.6% | 41.7% | 41.7% | 31.6% | 32.5% | 27.2% | −8.0% | 16.0% |
| Operating margin | 51.6% | 61.4% | 56.1% | 45.7% | 44.4% | 38.3% | 38.3% | 27.9% | 28.6% | 23.3% | −12.0% | 10.6% |
| Net margin | 36.0% | 44.6% | 19.8% | 34.1% | 39.1% | 38.8% | 38.8% | 20.0% | 19.8% | 4.1% | −80.4% | 6.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NEM's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NEM financial results
In fiscal year 2025 (ended December 31, 2025), Newmont reported revenue of $22.7 billion, up 22.2% from the year before. It had net income of $7.1 billion (up 111.6%), a net profit margin of 31.3%. Diluted earnings per share came to $6.91. Over five years revenue grew at an average rate of 14.7% a year.
See the NEM stock overview for the latest quote and news, or the NEM chart for price history and technical indicators.
NEM income statement FAQ
What is Newmont's annual revenue?
Newmont reported total revenue of $22.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 22.2% from $18.6 billion the previous year.
Is Newmont profitable?
Yes. Newmont reported net income of $7.1 billion in fiscal 2025, a net profit margin of 31.3%; its operating margin was 48.6%.
What is Newmont's gross margin?
Newmont's gross margin was 53.2% in fiscal 2025: for every $100 of revenue, Newmont kept $53 after the direct cost of its products and services.
How much does Newmont spend on research and development?
Newmont spent $166.0 million on research and development in fiscal 2025, 0.7% of revenue.
How fast is Newmont growing?
Revenue grew 14.7% a year on average over the last five fiscal years, from $11.4 billion to $22.7 billion.
What are Newmont's earnings per share?
Newmont earned $6.91 per diluted share in fiscal 2025, compared with $3.48 a year earlier.
When will Newmont report its next earnings?
Newmont is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Newmont's fiscal year end?
Newmont's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.