WD-40 Company (WDFC) Income Statement
WDFC FY2025 at a glance
Fiscal year ended August 31, 2025 · U.S. dollarsWDFC revenue and net income
Where WDFC's revenue goes
FY2025Each bar shows an amount and its share of revenue. WDFC kept 14.7% of revenue as net income.
WDFC profit margins
WDFC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.0% | +6.1% | +8.7% | +5.1% |
| Gross profit | +8.3% | +10.2% | +8.9% | +5.5% |
| Operating income | +7.7% | +5.9% | +6.1% | +4.7% |
| Net income | +30.7% | +10.6% | +8.4% | +7.3% |
| EPS (diluted) | +13.9% | +5.9% | +5.8% | +6.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WDFC quarterly EPS vs estimates
WD-40 beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 21, 2026 (estimate $1.11).
WDFC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $620.0M | $590.6M | $537.3M | $518.8M | $488.1M | $408.5M | $423.4M | $408.5M | $380.5M | $380.7M |
| Cost of revenue | $278.6M | $275.3M | $263.0M | $264.1M | $224.4M | $185.5M | $191.0M | $183.3M | $166.6M | $166.3M |
| Gross profit | $341.3M | $315.2M | $274.2M | $254.8M | $263.7M | $223.0M | $232.3M | $225.3M | $213.9M | $214.4M |
| Research & development | — | $8.0M | $6.2M | $5.1M | $5.6M | $6.0M | $6.5M | $7.0M | $8.4M | $7.7M |
| Sales, general & admin | $237.4M | $183.9M | $154.7M | $138.7M | $145.5M | $122.0M | $123.9M | $121.4M | $114.6M | $117.8M |
| Total operating expenses | $237.6M | $218.9M | $184.5M | $167.4M | $174.9M | $145.8M | $150.0M | $146.7M | $138.0M | $143.0M |
| Operating income | $103.8M | $96.4M | $89.7M | $87.3M | $88.8M | $77.2M | $82.4M | $78.6M | $75.9M | $71.3M |
| Interest income | $517,000 | $474,000 | $231,000 | $102,000 | $81,000 | $93,000 | $155,000 | $454,000 | $508,000 | $683,000 |
| Interest expense | $3.4M | $4.3M | $5.6M | $2.7M | $2.4M | $2.4M | $2.5M | $4.2M | $2.6M | $1.7M |
| Income before taxes | $101.6M | $91.5M | $85.2M | $84.1M | $86.5M | $75.5M | $80.8M | $75.2M | $74.6M | $72.8M |
| Income taxes | $10.6M | $21.9M | $19.2M | $16.8M | $16.3M | $14.8M | $24.9M | $10.0M | $21.7M | $20.2M |
| Net income | $91.0M | $69.6M | $66.0M | $67.3M | $70.2M | $60.7M | $55.9M | $65.2M | $52.9M | $52.6M |
| EBITDA | $113.3M | $105.3M | $98.9M | $95.1M | $95.9M | $85.7M | $90.9M | $87.2M | $84.0M | $81.0M |
| EPS (diluted) | $5.82 | $5.11 | $4.82 | $4.90 | $5.09 | $4.40 | $4.02 | $4.15 | $3.72 | $3.64 |
| Gross margin | 55.1% | 53.4% | 51.0% | 49.1% | 54.0% | 54.6% | 54.9% | 55.1% | 56.2% | 56.3% |
| Operating margin | 16.7% | 16.3% | 16.7% | 16.8% | 18.2% | 18.9% | 19.5% | 19.2% | 19.9% | 18.7% |
| Net margin | 14.7% | 11.8% | 12.3% | 13.0% | 14.4% | 14.9% | 13.2% | 16.0% | 13.9% | 13.8% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $195.1M | $161.7M | $154.4M | $163.5M | $156.9M | $146.1M | $153.5M | $156.0M | $155.0M | $139.1M | $140.4M | $140.5M |
| Cost of revenue | $84.7M | $71.7M | $67.6M | $74.0M | $68.8M | $66.4M | $69.4M | $71.6M | $72.7M | $66.2M | $64.9M | $68.3M |
| Gross profit | $110.4M | $89.9M | $86.8M | $89.4M | $88.1M | $79.7M | $84.1M | $84.3M | $82.4M | $72.9M | $75.6M | $72.1M |
| Research & development | — | — | — | — | — | — | — | $2.2M | $2.2M | $1.7M | $1.9M | $2.1M |
| Sales, general & admin | $68.6M | $64.2M | $63.5M | $61.4M | $51.5M | $56.4M | $50.5M | $49.1M | $45.6M | $45.0M | $44.1M | $38.8M |
| Total operating expenses | $70.1M | $63.7M | $63.6M | $61.4M | $60.7M | $56.4M | $59.0M | $60.3M | $55.2M | $52.0M | $51.4M | $48.9M |
| Operating income | $40.3M | $26.3M | $23.3M | $28.0M | $27.4M | $23.3M | $25.1M | $24.1M | $27.2M | $20.9M | $24.2M | $23.2M |
| Interest income | $156,000 | $154,000 | $179,000 | $159,000 | $104,000 | $106,000 | $148,000 | $198,000 | $136,000 | $66,000 | $74,000 | $67,000 |
| Interest expense | $794,000 | $2.0M | $648,000 | $660,000 | $887,000 | $1.0M | $873,000 | $951,000 | $1.2M | $1.0M | $1.1M | $1.3M |
| Income before taxes | $39.6M | $25.9M | $22.6M | $27.5M | $27.5M | $22.4M | $24.3M | $22.8M | $25.8M | $19.8M | $23.1M | $22.2M |
| Income taxes | $9.4M | $5.5M | $5.1M | $6.2M | $6.5M | −$7.4M | $5.3M | $6.0M | $6.0M | $4.3M | $5.6M | $5.6M |
| Net income | $30.2M | $20.3M | $17.5M | $21.2M | $21.0M | $29.9M | $18.9M | $16.8M | $19.8M | $15.5M | $17.5M | $16.6M |
| EBITDA | $43.8M | $28.7M | $25.3M | $30.2M | $30.4M | $25.4M | $27.2M | $26.0M | $29.5M | $23.2M | $26.5M | $25.8M |
| EPS (diluted) | $2.33 | $1.50 | $1.28 | $1.57 | $1.54 | $1.32 | $1.39 | $1.23 | $1.46 | $1.14 | $1.28 | $1.21 |
| Gross margin | 56.6% | 55.6% | 56.2% | 54.7% | 56.2% | 54.6% | 54.8% | 54.1% | 53.1% | 52.4% | 53.8% | 51.4% |
| Operating margin | 20.7% | 16.3% | 15.1% | 17.1% | 17.4% | 15.9% | 16.4% | 15.4% | 17.5% | 15.1% | 17.2% | 16.5% |
| Net margin | 15.5% | 12.6% | 11.3% | 13.0% | 13.4% | 20.4% | 12.3% | 10.8% | 12.8% | 11.2% | 12.5% | 11.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WDFC's financial statements (latest annual report filed October 27, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WDFC financial results
In fiscal year 2025 (ended August 31, 2025), WD-40 reported revenue of $620.0 million, up 5.0% from the year before. It had net income of $91.0 million (up 30.7%), a net profit margin of 14.7%. Diluted earnings per share came to $5.82. Over five years revenue grew at an average rate of 8.7% a year.
See the WDFC stock overview for the latest quote and news, or the WDFC chart for price history and technical indicators.
WDFC income statement FAQ
What is WD-40's annual revenue?
WD-40 reported total revenue of $620.0 million for fiscal year 2025, which ended on August 31, 2025. That was up 5.0% from $590.6 million the previous year.
Is WD-40 profitable?
Yes. WD-40 reported net income of $91.0 million in fiscal 2025, a net profit margin of 14.7%; its operating margin was 16.7%.
What is WD-40's gross margin?
WD-40's gross margin was 55.1% in fiscal 2025: for every $100 of revenue, WD-40 kept $55 after the direct cost of its products and services.
How fast is WD-40 growing?
Revenue grew 8.7% a year on average over the last five fiscal years, from $408.5 million to $620.0 million.
What are WD-40's earnings per share?
WD-40 earned $5.82 per diluted share in fiscal 2025, compared with $5.11 a year earlier.
When will WD-40 report its next earnings?
WD-40 is expected to report results for the quarter ending August 31, 2026 on October 21, 2026 after the market closes.
When does WD-40's fiscal year end?
WD-40's fiscal year ends in August. The latest annual report covers the year ended August 31, 2025 and was filed on October 27, 2025.