| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.1 | 7.2 | 8.6 | 9.2 | 9.4 | 9.6 | +1.7% | |
| Cost of revenue | 2.5 | 2.6 | 3.0 | 3.2 | 3.3 | 3.5 | +5.5% | |
| Gross profit | 4.6 | 4.7 | 5.5 | 5.9 | 6.1 | 6.1 | −0.4% | |
| Research & development | 0.0 | 0.3 | 0.3 | 0.3 | 0.4 | 0.0 | −100.0% | |
| Selling, general & administrative | 3.1 | 2.8 | 3.2 | 3.3 | 3.3 | 3.4 | +1.7% | |
| Selling & marketing | 1.2 | 1.2 | 1.4 | 1.5 | 1.5 | 1.5 | +2.8% | |
| Operating expenses | 3.1 | 2.8 | 3.2 | 3.3 | 3.3 | 3.1 | −4.5% | |
| Operating income | 1.5 | 1.9 | 2.3 | 2.7 | 2.9 | 3.0 | +4.3% | |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | +6.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +100.0% | |
| Other income / expense | (0.0) | (0.1) | (0.2) | (0.4) | (0.3) | (0.2) | +23.4% | |
| Pre-tax income | 1.5 | 1.8 | 2.1 | 2.3 | 2.6 | 2.8 | +7.5% | |
| Income tax | 0.3 | 0.3 | 0.5 | 0.5 | 0.6 | 0.7 | +9.6% | |
| Net income | 1.2 | 1.5 | 1.6 | 1.8 | 1.9 | 2.1 | +6.8% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.64 | 0.76 | 0.85 | 0.94 | 1.04 | 1.13 | +8.7% | |
| EPS, diluted (per share) | 0.63 | 0.76 | 0.85 | 0.94 | 1.03 | 1.12 | +8.7% | |
| EBITDA | 2.5 | 2.6 | 3.1 | 3.3 | 3.5 | 3.7 | +4.0% | |
| Depreciation & amortization | 0.8 | 0.7 | 0.8 | 0.7 | 0.7 | 0.7 | −6.1% | |
| Weighted average shares (shares) | 1,926,200,000 | 1,928,000,000 | 1,918,500,000 | 1,891,800,000 | 1,865,900,000 | 1,834,400,000 | −1.7% | |
| Weighted average diluted shares (shares) | 1,937,800,000 | 1,939,400,000 | 1,929,300,000 | 1,902,800,000 | 1,876,700,000 | 1,843,500,000 | −1.8% | |
| Gross margin | 65.0% | 64.6% | 64.4% | 64.9% | 65.0% | 63.7% | −1.3 pts | |
| Operating margin | 21.4% | 26.0% | 27.2% | 29.3% | 30.3% | 31.1% | +0.8 pts | |
| Net margin | 17.2% | 20.3% | 19.1% | 19.4% | 20.5% | 21.5% | +1.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
