YPF Sociedad Anónima (YPF) Income Statement
YPF 2025 at a glance
Fiscal year ended December 31, 2025 · Argentine pesosYPF revenue and net income
Where YPF's revenue goes
2025Each bar shows an amount and its share of revenue. YPF kept −4.5% of revenue as net income.
YPF profit margins
YPF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +48.3% | +119.0% | +406.8% | +116.0% |
| Gross profit | +44.8% | +122.4% | +515.7% | +119.3% |
| Operating income | +26.7% | +99.6% | — | +112.3% |
| Net income | −157.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
YPF income statement in Argentine pesos
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ARS 26.53T | ARS 17.90T | ARS 5.48T | ARS 2.53T | ARS 1.27T | ARS 7.93B | ARS 15.95B | ARS 21.50B | ARS 13.74B | ARS 13.23B |
| Cost of revenue | ARS 19.37T | ARS 12.95T | ARS 4.52T | ARS 1.88T | ARS 1.03T | ARS 7.12B | ARS 13.41B | ARS 17.64B | ARS 11.44B | ARS 11.09B |
| Gross profit | ARS 7.16T | ARS 4.94T | ARS 969.46B | ARS 650.78B | ARS 243.15B | ARS 809.5M | ARS 2.54B | ARS 3.86B | ARS 2.30B | ARS 2.14B |
| Research & development | ARS 32.2M | ARS 40.88B | ARS 18.40B | ARS 4.79B | ARS 18.3M | ARS 24.4M | ARS 29.6M | ARS 76.4M | ARS 24.4M | ARS 25.2M |
| Sales, general & admin | ARS 2.31T | ARS 1.64T | ARS 1.06T | ARS 1.33B | ARS 147.87B | ARS 10.1M | ARS 19.9M | ARS 39.2M | ARS 71.1M | ARS 81.3M |
| Total operating expenses | ARS 4.80T | ARS 3.79T | ARS 2.44T | ARS 353.17B | ARS 184.98B | ARS 1.48B | ARS 3.04B | ARS 1.70B | ARS 1.43B | ARS 3.66B |
| Operating income | ARS 2.37T | ARS 1.87T | −ARS 1.47T | ARS 297.62B | ARS 58.17B | −ARS 668.9M | −ARS 493.8M | ARS 2.16B | ARS 716.0M | ARS 494.3M |
| Interest income | ARS 79.0M | ARS 120.0M | ARS 339.0M | ARS 97.11B | ARS 17.11B | ARS 107.60B | ARS 8.10B | ARS 44.77B | ARS 7.37B | ARS 5.56B |
| Interest expense | ARS 1.36T | ARS 807.87B | ARS 916.09B | ARS 172.20B | ARS 71.87B | ARS 1.12B | ARS 1.03B | ARS 1.92B | ARS 1.11B | ARS 1.43B |
| Income before taxes | ARS 1.32T | ARS 934.59B | −ARS 879.30B | ARS 399.18B | ARS 90.58B | −ARS 646.4M | −ARS 164.8M | ARS 4.45B | ARS 525.6M | −ARS 2.02B |
| Income taxes | ARS 2.48T | −ARS 1.45T | ARS 653.45B | ARS 108.91B | ARS 64.41B | ARS 167.1M | ARS 619.7M | ARS 2.54B | −ARS 239.7M | −ARS 96.4M |
| Net income | −ARS 1.20T | ARS 2.08T | −ARS 1.56T | ARS 289.06B | ARS 257.0M | −ARS 797.8M | −ARS 800.7M | ARS 1.90B | ARS 670.8M | −ARS 1.78B |
| EBITDA | ARS 7.32T | ARS 4.12T | ARS 996.60B | ARS 290.15B | ARS 162.45B | −ARS 738.7M | ARS 576.5M | ARS 5.81B | ARS 3.61B | ARS 3.52B |
| Gross margin | 27.0% | 27.6% | 17.7% | 25.8% | 19.1% | 10.2% | 15.9% | 18.0% | 16.7% | 16.2% |
| Operating margin | 8.9% | 10.4% | −26.8% | 11.8% | 4.6% | −8.4% | −3.1% | 10.0% | 5.2% | 3.7% |
| Net margin | −4.5% | 11.6% | −28.5% | 11.4% | 0.0% | −10.1% | −5.0% | 8.9% | 4.9% | −13.4% |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ARS 6.59T | ARS 6.63T | ARS 4.64T | ARS 4.60B | ARS 4.84T | ARS 5.06T | ARS 4.39T | ARS 3.60T | ARS 2.15T | ARS 4.50B | ARS 4.38B | ARS 820.33B |
| Cost of revenue | ARS 4.69T | ARS 4.74T | ARS 3.47T | ARS 3.31B | ARS 3.81T | ARS 3.53T | ARS 3.10T | ARS 2.53T | ARS 1.78T | ARS 3.69B | ARS 3.51B | ARS 644.64B |
| Gross profit | ARS 1.90T | ARS 1.89T | ARS 1.17T | ARS 1.29B | ARS 1.04T | ARS 1.53T | ARS 1.29T | ARS 1.07T | ARS 375.46B | ARS 815.0M | ARS 866.0M | ARS 175.68B |
| Research & development | ARS 4.3M | ARS 11.1M | ARS 5.21B | ARS 7.9M | ARS 11.73B | ARS 15.31B | ARS 24.24B | ARS 13.06B | ARS 7.94B | ARS 4.83B | ARS 4.15B | ARS 1.48B |
| Sales, general & admin | ARS 587.65B | ARS 1.00T | ARS 723.00B | ARS 413.0M | ARS 452.17B | ARS 753.50B | ARS 716.96B | ARS 521.35B | ARS 612.10B | ARS 194.0M | ARS 167.0M | ARS 326.0M |
| Total operating expenses | ARS 1.25T | ARS 1.09T | ARS 761.00B | ARS 880.0M | ARS 1.61T | ARS 832.58B | ARS 794.63B | ARS 539.94B | ARS 1.75T | ARS 1.20B | ARS 645.0M | ARS 120.73B |
| Operating income | ARS 651.50B | ARS 795.11B | ARS 412.00B | ARS 412.0M | ARS 140.77B | ARS 1.40T | ARS 500.21B | ARS 1.24T | −ARS 1.37T | −ARS 387.0M | ARS 221.0M | ARS 54.96B |
| Interest income | ARS 25.0M | ARS 28.0M | ARS 28.0M | ARS 16.0M | ARS 43.0M | ARS 19.0M | ARS 32.0M | ARS 36.0M | ARS 152.8M | ARS 87.29B | ARS 58.24B | ARS 27.79B |
| Interest expense | ARS 309.06B | ARS 366.86B | ARS 279.00B | ARS 257.0M | ARS 179.21B | ARS 251.96B | ARS 192.78B | ARS 199.92B | ARS 247.02B | ARS 930.0M | ARS 295.0M | ARS 57.69B |
| Income before taxes | ARS 570.24B | ARS 483.92B | ARS 11.90B | ARS 28.0M | −ARS 561.48B | ARS 617.10B | ARS 415.42B | ARS 404.58B | −ARS 987.45B | −ARS 137.0M | ARS 455.0M | ARS 76.35B |
| Income taxes | ARS 1.51T | ARS 766.56B | ARS 74.00B | ARS 38.0M | −ARS 220.72B | −ARS 809.81B | −ARS 71.97B | ARS 103.74B | ARS 624.69B | −ARS 7.56B | ARS 75.0M | ARS 17.75B |
| Net income | −ARS 948.95B | −ARS 294.06B | ARS 71.50B | −ARS 16.0M | −ARS 310.47B | ARS 1.39T | ARS 457.38B | ARS 537.09B | −ARS 1.63T | −ARS 128.0M | ARS 335.0M | ARS 58.57B |
| EBITDA | ARS 2.00T | ARS 1.93T | ARS 398.00B | ARS 1.09B | ARS 609.39B | ARS 1.35T | ARS 1.07T | ARS 1.08T | ARS 348.58B | ARS 307.56B | ARS 1.60B | ARS 207.54B |
| Gross margin | 28.9% | 28.5% | 25.3% | 28.1% | 21.4% | 30.2% | 29.5% | 29.8% | 17.4% | 18.1% | 19.8% | 21.4% |
| Operating margin | 9.9% | 12.0% | 8.9% | 9.0% | 2.9% | 27.7% | 11.4% | 34.5% | −63.7% | −8.6% | 5.1% | 6.7% |
| Net margin | −14.4% | −4.4% | 1.5% | −0.3% | −6.4% | 27.5% | 10.4% | 14.9% | −75.6% | −2.8% | 7.7% | 7.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported in YPF's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
YPF financial results
In fiscal year 2025 (ended December 31, 2025), YPF Sociedad Anónima reported revenue of ARS 26.53 trillion, up 48.3% from the year before. It had a net loss of ARS 1.20 trillion, a net profit margin of −4.5%. Over five years revenue grew at an average rate of 406.8% a year. Figures are in Argentine pesos, the currency of its financial statements.
See the YPF stock overview for the latest quote and news, or the YPF chart for price history and technical indicators.
YPF income statement FAQ
What is YPF Sociedad Anónima's annual revenue?
YPF Sociedad Anónima reported total revenue of ARS 26.53 trillion for fiscal year 2025, which ended on December 31, 2025. That was up 48.3% from ARS 17.90 trillion the previous year.
Is YPF Sociedad Anónima profitable?
No. YPF Sociedad Anónima reported a net loss of ARS 1.20 trillion in fiscal 2025, a net profit margin of −4.5%; its operating margin was 8.9%.
What is YPF Sociedad Anónima's gross margin?
YPF Sociedad Anónima's gross margin was 27.0% in fiscal 2025: for every $100 of revenue, YPF Sociedad Anónima kept $27 after the direct cost of its products and services.
How much does YPF Sociedad Anónima spend on research and development?
YPF Sociedad Anónima spent ARS 32.2 million on research and development in fiscal 2025, 0.0% of revenue.
How fast is YPF Sociedad Anónima growing?
Revenue grew 406.8% a year on average over the last five fiscal years, from ARS 7.9 billion to ARS 26.53 trillion.
When will YPF Sociedad Anónima report its next earnings?
YPF Sociedad Anónima is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does YPF Sociedad Anónima's fiscal year end?
YPF Sociedad Anónima's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.