Rio Tinto Group (RIO) Income Statement
RIO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRIO revenue and net income
Where RIO's revenue goes
2025Each bar shows an amount and its share of revenue. RIO kept 17.3% of revenue as net income.
RIO profit margins
RIO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.7% | +1.3% | +5.3% | +5.2% |
| Gross profit | −46.5% | −22.1% | −11.1% | −1.0% |
| Operating income | −4.6% | −9.2% | −2.4% | +15.2% |
| Net income | −13.5% | −6.9% | +0.4% | — |
| EPS (diluted) | −13.7% | −9.8% | −13.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RIO quarterly EPS vs estimates
Rio Tinto beat the analyst EPS estimate in 8 of the last 8 quarters.
RIO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.77B | $53.66B | $54.04B | $55.55B | $63.49B | $44.61B | $43.16B | $40.52B | $40.03B | $33.78B |
| Cost of revenue | $41.43B | $23.38B | $36.74B | $21.28B | $18.56B | $15.48B | $16.41B | $16.56B | $15.81B | $15.53B |
| Gross profit | $16.21B | $30.28B | $17.30B | $34.27B | $44.93B | $29.13B | $26.75B | $23.96B | $24.22B | $18.25B |
| Research & development | $524.0M | $398.0M | $245.0M | $76.0M | $65.0M | $45.0M | $45.0M | $45.0M | $58.0M | $60.0M |
| Sales, general & admin | $3.10B | $5.88B | $5.29B | $7.40B | $6.76B | $4.83B | $5.54B | $5.76B | $6.24B | $4.93B |
| Total operating expenses | $1.27B | $14.63B | $2.48B | $35.67B | $33.41B | $26.88B | $27.92B | $27.32B | $27.44B | $27.25B |
| Operating income | $14.94B | $15.65B | $14.82B | $19.93B | $29.82B | $16.83B | $15.90B | $17.69B | $14.13B | $6.79B |
| Interest income | $17.0M | $24.0M | $532.0M | $179.0M | $64.0M | $141.0M | $259.0M | $709.0M | $817.0M | $127.0M |
| Interest expense | $1.06B | $1.63B | $1.96B | $1.85B | $592.0M | $645.0M | $938.0M | $929.0M | $1.23B | $1.45B |
| Income before taxes | $14.60B | $15.62B | $13.79B | $18.66B | $30.83B | $15.39B | $11.12B | $18.17B | $12.82B | $6.34B |
| Income taxes | $4.33B | $4.04B | $3.83B | $5.59B | $8.26B | $4.99B | $4.15B | $4.24B | $3.96B | $1.57B |
| Net income | $9.99B | $11.55B | $10.06B | $12.39B | $21.11B | $9.77B | $8.01B | $13.64B | $8.76B | $4.62B |
| EBITDA | $20.33B | $19.91B | $19.42B | $23.24B | $34.67B | $19.29B | $15.75B | $22.15B | $17.45B | $11.60B |
| EPS (diluted) | $6.10 | $7.07 | $6.91 | $8.30 | $16.99 | $12.73 | $7.83 | $9.33 | $7.56 | $3.83 |
| Gross margin | 28.1% | 56.4% | 32.0% | 61.7% | 70.8% | 65.3% | 62.0% | 59.1% | 60.5% | 54.0% |
| Operating margin | 25.9% | 29.2% | 27.4% | 35.9% | 47.0% | 37.7% | 36.8% | 43.6% | 35.3% | 20.1% |
| Net margin | 17.3% | 21.5% | 18.6% | 22.3% | 33.3% | 21.9% | 18.6% | 33.7% | 21.9% | 13.7% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.02B | $30.65B | $27.10B | $26.86B | $26.80B | $27.16B | $26.67B | $27.04B | $29.77B | $30.69B | $33.08B | $24.80B |
| Cost of revenue | $22.32B | $22.88B | $20.33B | $19.39B | $18.10B | $20.25B | $18.82B | $18.98B | $17.57B | $17.94B | $15.65B | $14.12B |
| Gross profit | $8.70B | $7.76B | $6.77B | $7.47B | $8.71B | $6.90B | $7.84B | $8.06B | $12.21B | $12.76B | $17.44B | $10.67B |
| Research & development | — | $524.0M | — | $398.0M | — | $245.0M | — | $76.0M | — | $65.0M | — | $45.0M |
| Sales, general & admin | — | — | — | — | — | — | — | — | — | — | — | $172.5M |
| Total operating expenses | — | $822.0M | $452.0M | $76.0M | $447.0M | $626.0M | $1.91B | $2.07B | $220.0M | $669.0M | $337.0M | $1.07B |
| Operating income | $8.70B | $7.76B | $6.77B | $7.39B | $8.26B | $6.90B | $7.84B | $8.06B | $12.21B | $12.76B | $17.44B | $10.67B |
| Interest income | — | $260.0M | $150.0M | $544.0M | $275.0M | $336.0M | $275.0M | $162.0M | $612.0M | $615.0M | $819.0M | $484.0M |
| Interest expense | $428.9M | $516.1M | $548.7M | $378.2M | $381.0M | $585.3M | $656.0M | $511.9M | $263.0M | $339.1M | $265.0M | $259.3M |
| Income before taxes | $9.31B | $7.80B | $6.79B | $7.42B | $8.12B | $6.56B | $6.50B | $6.33B | $11.85B | $12.41B | $17.49B | $9.48B |
| Income taxes | $2.12B | $2.11B | $2.22B | $1.80B | $2.23B | $1.83B | $1.98B | $2.82B | $2.90B | $3.31B | $4.98B | $3.11B |
| Net income | $6.66B | $5.42B | $4.57B | $5.69B | $5.81B | $4.90B | $5.12B | $3.68B | $8.91B | $8.86B | $12.31B | $6.34B |
| EBITDA | $12.75B | $11.78B | $9.99B | $9.80B | $10.54B | $10.19B | $10.10B | $9.30B | $14.36B | $14.98B | $19.89B | $12.97B |
| EPS (diluted) | — | — | $2.96 | $3.51 | $3.56 | $4.16 | $2.75 | $2.93 | $5.37 | $5.69 | $7.52 | — |
| Gross margin | 28.0% | 25.3% | 25.0% | 27.8% | 32.5% | 25.4% | 29.4% | 29.8% | 41.0% | 41.6% | 52.7% | 43.0% |
| Operating margin | 28.0% | 25.3% | 25.0% | 27.5% | 30.8% | 25.4% | 29.4% | 29.8% | 41.0% | 41.6% | 52.7% | 43.0% |
| Net margin | 21.5% | 17.7% | 16.8% | 21.2% | 21.7% | 18.0% | 19.2% | 13.6% | 29.9% | 28.9% | 37.2% | 25.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RIO's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RIO financial results
In fiscal year 2025 (ended December 31, 2025), Rio Tinto reported revenue of $57.8 billion, up 7.7% from the year before. It had net income of $10.0 billion (down 13.5%), a net profit margin of 17.3%. Diluted earnings per share came to $6.10. Over five years revenue grew at an average rate of 5.3% a year.
See the RIO stock overview for the latest quote and news, or the RIO chart for price history and technical indicators.
RIO income statement FAQ
What is Rio Tinto's annual revenue?
Rio Tinto reported total revenue of $57.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.7% from $53.7 billion the previous year.
Is Rio Tinto profitable?
Yes. Rio Tinto reported net income of $10.0 billion in fiscal 2025, a net profit margin of 17.3%; its operating margin was 25.9%.
What is Rio Tinto's gross margin?
Rio Tinto's gross margin was 28.1% in fiscal 2025: for every $100 of revenue, Rio Tinto kept $28 after the direct cost of its products and services.
How much does Rio Tinto spend on research and development?
Rio Tinto spent $524.0 million on research and development in fiscal 2025, 0.9% of revenue.
How fast is Rio Tinto growing?
Revenue grew 5.3% a year on average over the last five fiscal years, from $44.6 billion to $57.8 billion.
What are Rio Tinto's earnings per share?
Rio Tinto earned $6.10 per diluted share in fiscal 2025, compared with $7.07 a year earlier.
When does Rio Tinto's fiscal year end?
Rio Tinto's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.