Valvoline Inc. (VVV) Income Statement
VVV FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsVVV revenue and net income
Where VVV's revenue goes
FY2025Each bar shows an amount and its share of revenue. VVV kept 12.3% of revenue as net income.
VVV profit margins
VVV growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.6% | +11.4% | +18.7% | −1.4% |
| Gross profit | +6.4% | +11.4% | +16.9% | −0.4% |
| Operating income | +6.2% | +21.0% | +19.5% | +1.9% |
| Net income | −0.4% | −20.8% | −7.8% | +0.7% |
| EPS (diluted) | +0.6% | −9.5% | +1.3% | +4.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VVV quarterly EPS vs estimates
Valvoline beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 18, 2026 (estimate $0.41).
VVV income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.62B | $1.44B | $1.24B | $1.04B | $727.0M | $2.39B | $2.29B | $2.08B | $1.93B |
| Cost of revenue | $1.05B | $1.00B | $899.0M | $759.7M | $604.9M | $426.0M | $1.58B | $1.48B | $1.31B | $1.17B |
| Gross profit | $658.5M | $618.8M | $544.5M | $476.4M | $432.3M | $301.0M | $810.0M | $806.0M | $778.0M | $761.0M |
| Research & development | — | — | — | — | $15.0M | $13.0M | $13.0M | $14.0M | $13.0M | $13.0M |
| Sales, general & admin | $299.2M | $247.4M | $236.9M | $251.6M | $95.7M | $122.3M | $376.0M | $367.0M | $314.0M | $270.0M |
| Total operating expenses | $268.6M | $251.6M | $297.3M | $256.1M | $192.2M | $140.8M | $449.0M | $430.0M | $375.0M | $342.0M |
| Operating income | $389.9M | $367.2M | $247.2M | $220.3M | $240.1M | $160.2M | $398.0M | $395.0M | $532.0M | $431.0M |
| Interest income | $74.0M | $71.9M | $38.3M | $69.3M | $111.0M | $3.0M | $73.0M | $63.0M | $42.0M | $9.0M |
| Interest expense | $74.0M | $71.9M | $38.3M | $69.3M | $108.3M | $74.0M | $73.0M | $63.0M | $42.0M | $9.0M |
| Income before taxes | $292.3M | $283.6M | $236.5M | $144.1M | $260.0M | $123.0M | $265.0M | $332.0M | $490.0M | $421.0M |
| Income taxes | $77.5M | $69.1M | $37.1M | $34.7M | $59.9M | $53.4M | $57.0M | $166.0M | $186.0M | $148.0M |
| Net income | $210.7M | $211.5M | $1.42B | $424.3M | $420.3M | $316.6M | $208.0M | $166.0M | $304.0M | $273.0M |
| EBITDA | $510.7M | $472.4M | $368.8M | $284.8M | $430.4M | $256.3M | $382.0M | $449.0M | $562.0M | $457.0M |
| EPS (diluted) | $1.58 | $1.57 | $1.21 | $2.13 | $1.92 | $1.48 | $1.39 | $1.29 | $1.39 | $0.62 |
| Gross margin | 38.5% | 38.2% | 37.7% | 38.5% | 41.7% | 41.4% | 33.9% | 35.3% | 37.3% | 39.5% |
| Operating margin | 22.8% | 22.7% | 17.1% | 17.8% | 23.1% | 22.0% | 16.7% | 17.3% | 25.5% | 22.3% |
| Net margin | 12.3% | 13.1% | 98.4% | 34.3% | 40.5% | 43.5% | 8.7% | 7.3% | 14.6% | 14.2% |
| 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 | $544.6M | $503.8M | $461.8M | $453.8M | $439.0M | $403.2M | $414.3M | $435.5M | $421.4M | $388.7M | $373.4M | $390.0M |
| Cost of revenue | $329.7M | $316.8M | $289.3M | $276.3M | $261.4M | $252.7M | $261.4M | $265.2M | $253.9M | $242.5M | $238.6M | $241.7M |
| Gross profit | $214.9M | $187.0M | $172.5M | $177.5M | $177.6M | $150.5M | $152.9M | $170.3M | $167.5M | $146.2M | $134.8M | $148.3M |
| Sales, general & admin | $103.0M | $98.7M | $106.8M | $44.6M | $85.5M | $86.3M | $82.8M | $13.0M | $77.2M | $72.3M | $77.9M | $28.8M |
| Total operating expenses | $102.7M | $98.7M | $106.8M | $93.0M | $82.9M | $83.6M | $9.1M | $35.7M | $74.1M | $69.8M | $72.0M | $78.1M |
| Operating income | $112.2M | $88.3M | $65.7M | $84.5M | $94.7M | $66.9M | $143.8M | $134.6M | $93.4M | $76.4M | $62.8M | $70.2M |
| Interest income | — | — | $25.5M | $21.0M | $18.6M | $16.9M | $17.5M | $18.0M | — | — | — | $10.9M |
| Interest expense | — | $16.9M | $25.5M | $18.0M | $18.6M | $16.9M | $17.5M | $18.0M | $24.8M | $15.5M | $13.6M | $10.9M |
| Income before taxes | $85.6M | $59.5M | −$6.0M | $37.2M | $77.0M | $50.9M | $127.2M | $115.3M | $65.2M | $57.3M | $45.8M | $97.9M |
| Income taxes | $20.6M | $14.2M | $26.2M | $11.6M | $20.0M | $12.6M | $33.3M | $26.2M | $17.0M | $14.0M | $11.9M | $22.9M |
| Net income | $64.5M | $44.8M | −$32.8M | $25.0M | $56.5M | $37.6M | $91.6M | $92.3M | $45.9M | $41.4M | $31.9M | $48.9M |
| EBITDA | $177.0M | $114.0M | $53.0M | $117.1M | $125.3M | $96.2M | $172.7M | $120.3M | $120.4M | $98.4M | $84.0M | $145.1M |
| EPS (diluted) | $0.57 | $0.41 | $0.37 | $0.45 | $0.47 | $0.34 | $0.32 | $0.46 | $0.45 | $0.37 | $0.29 | $0.39 |
| Gross margin | 39.5% | 37.1% | 37.4% | 39.1% | 40.5% | 37.3% | 36.9% | 39.1% | 39.7% | 37.6% | 36.1% | 38.0% |
| Operating margin | 20.6% | 17.5% | 14.2% | 18.6% | 21.6% | 16.6% | 34.7% | 30.9% | 22.2% | 19.7% | 16.8% | 18.0% |
| Net margin | 11.8% | 8.9% | −7.1% | 5.5% | 12.9% | 9.3% | 22.1% | 21.2% | 10.9% | 10.7% | 8.5% | 12.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VVV's financial statements (latest annual report filed November 21, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VVV financial results
In fiscal year 2025 (ended September 30, 2025), Valvoline reported revenue of $1.7 billion, up 5.6% from the year before. It had net income of $210.7 million (down 0.4%), a net profit margin of 12.3%. Diluted earnings per share came to $1.58. Over five years revenue grew at an average rate of 18.7% a year.
See the VVV stock overview for the latest quote and news, or the VVV chart for price history and technical indicators.
VVV income statement FAQ
What is Valvoline's annual revenue?
Valvoline reported total revenue of $1.7 billion for fiscal year 2025, which ended on September 30, 2025. That was up 5.6% from $1.6 billion the previous year.
Is Valvoline profitable?
Yes. Valvoline reported net income of $210.7 million in fiscal 2025, a net profit margin of 12.3%; its operating margin was 22.8%.
What is Valvoline's gross margin?
Valvoline's gross margin was 38.5% in fiscal 2025: for every $100 of revenue, Valvoline kept $39 after the direct cost of its products and services.
How fast is Valvoline growing?
Revenue grew 18.7% a year on average over the last five fiscal years, from $727.0 million to $1.7 billion.
What are Valvoline's earnings per share?
Valvoline earned $1.58 per diluted share in fiscal 2025, compared with $1.57 a year earlier.
When will Valvoline report its next earnings?
Valvoline is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 before the market opens.
When does Valvoline's fiscal year end?
Valvoline's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 21, 2025.