DEO

MKT CAP:$44B

Diageo plc

Market Cap

$44B

Consumer Defensive·Beverages - Wineries & Distilleries·🇬🇧 United Kingdom·NYSE

Consumer Def.·Beverages·🇬🇧·NYSE

Stock Price

$79.12-$7.97 (-9.15%)

Apr 24, 2026

Company Details

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cach...

CEO

Sir David John Lewis

IPO Date

Mar 14, 1991

Website

www.diageo.com

Key Metrics TTM

Revenue

$40.7B

+23.2% YoY

Net Income

$6.8B

EPS (Diluted)

$11.87

Free Cash Flow

$6.4B

Revenue / Share

$72.91

Gross Margin

60.5%

Operating Margin

29.2%

Net Margin

16.7%

FCF Margin

15.6%

P/S

1.1x

P/E

6.5x

Earnings Reports

FY 2026

Feb 25, 2026

$10.4B+10.4%EPS $3.56

Q2 2026

Feb 25, 2026

$10.4BEPS $3.56

FY 2025

Aug 14, 2025

$9.4BEPS $0.76

Q4 2025

Aug 14, 2025

$9.4BEPS $0.76

FY 2022

Jun 30, 2022

$20.8B+21.4%EPS $7.55

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 03	$6.4B	$3.1B	$1.3B
Q4 03	$6.4B	$3.1B	$1.3B
Q2 04	$6.0B	$1.3B	$1.3B
Q4 04	$6.0B	$1.3B	$1.3B
Q2 05	$4.5B	$2.7B	$1.2B
Q4 05	$4.5B	$2.7B	$1.2B
Q2 06	$4.9B	$2.9B	$1.4B
Q2 19	$9.3B	$5.9B	$3.3B
Q2 20	$9.7B	$6.1B	$3.4B
Q4 20	$6.1B	$3.5B	$1.3B
Q2 21	$9.3B	$5.7B	$3.0B
Q4 21	$7.9B	$4.7B	$2.0B
Q2 22	$10.7B	$6.7B	$3.7B
Q4 22	$10.1B	$6.0B	$2.8B
Q4 25	$9.4B	$5.5B	$2.2B
Q2 26	$10.4B	$6.4B	$3.2B

Valuation

Quarter	P/S	P/E
Q2 03	—	—
Q4 03	—	—
Q2 04	1.7x	20.6x
Q4 04	1.8x	22.5x
Q2 05	2.0x	15.8x
Q4 05	2.2x	12.2x
Q2 06	2.3x	11.2x
Q2 19	7.5x	30.2x
Q2 20	3.5x	13.5x
Q4 20	2.6x	13.4x
Q2 21	2.7x	13.9x
Q4 21	3.4x	20.6x
Q2 22	3.7x	22.6x
Q4 22	2.7x	13.1x
Q4 25	1.5x	8.9x
Q2 26	1.2x	7.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 09	$1.1B	$876M
Q2 10	$1.5B	$1.3B
Q4 10	$1.5B	$1.3B
Q2 11	$1.5B	$1.3B
Q4 11	$1.4B	$1.1B
Q2 12	$1.4B	$1.1B
Q4 12	$1.4B	$1.1B
Q2 19	$2.2B	$1.8B
Q2 20	$1.7B	$1.3B
Q4 20	$1.4B	$893M
Q2 21	$2.7B	$2.4B
Q4 21	$2.2B	$1.7B
Q2 22	$2.6B	$2.1B
Q4 22	$2.7B	$1.7B
Q4 25	$2.0B	$1.0B
Q2 26	$2.1B	$1.5B

Capital Expenditures

Quarter	CapEx
Q4 09	$239M
Q2 10	$252M
Q4 10	$252M
Q2 11	$252M
Q4 11	$282M
Q2 12	$282M
Q4 12	$326M
Q2 19	$365M
Q2 20	$445M
Q4 20	$499M
Q2 21	$337M
Q4 21	$507M
Q2 22	$515M
Q4 22	$964M
Q4 25	$994M
Q2 26	$602M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 04	-21.2%	-27.1%
Q2 05	-29.3%	-34.7%
Q4 05	-29.3%	-34.7%
Q2 06	-18.3%	-25.7%
Q2 19	+55.4%	+26.9%
Q2 20	+115.7%	+90.0%
Q4 20	+36.3%	+45.1%
Q2 21	+89.4%	+77.1%
Q4 21	-15.2%	-1.9%
Q2 22	+10.5%	+11.0%
Q4 22	+64.7%	+51.6%
Q4 25	+1.7%	+16.6%
Q2 26	+31.7%	+21.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 09	$0	—
Q2 10	$0	—
Q4 10	$0	—
Q2 11	$0	—
Q4 11	$0	—
Q2 12	$0	—
Q4 12	$0	—
Q2 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$34M	0.4%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q4 25	$0	0.0%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 03	$10M	—	—	—
Q4 03	$10M	—	—	—
Q2 05	$683M	—	$683M	—
Q4 05	$683M	—	$683M	—
Q2 06	$12M	—	$760M	—
Q2 19	—	—	$1.4B	—
Q2 20	—	$1.9B	$752M	—
Q4 20	$23M	$1.7B	$489M	—
Q2 21	—	$1.9B	$731M	—
Q4 21	$27M	$2.0B	$727M	—
Q2 22	—	$2.1B	$911M	—
Q4 22	$29M	$2.3B	$924M	—
Q4 25	—	—	$1.8B	—
Q2 26	—	—	—	$3.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$1.2B	$34M	$1.2B
Q2 19	$2.1B	$16M	$2.2B
Q4 19	$1.3B	$167M	$1.4B
Q2 20	$1.3B	$57M	$1.3B
Q4 20	$4.5B	$101M	$4.6B
Q2 21	$3.7B	$113M	$3.8B
Q4 21	$3.7B	$163M	$3.9B
Q2 22	$2.4B	$89M	$2.5B
Q4 22	$3.1B	$338M	$3.4B
Q2 23	$3.3B	$0	$3.3B
Q4 23	$1.8B	$0	$1.8B
Q2 24	$1.5B	$0	$1.5B
Q4 24	$1.1B	$0	$1.1B
Q2 25	$1.7B	$0	$1.7B
Q4 25	$2.2B	$447M	$2.6B
Q2 26	$2.2B	$483M	$2.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 03	788M	-5.5%	—
Q4 03	757M	-3.8%	—
Q2 04	761M	+0.4%	—
Q4 04	764M	+0.5%	-8.3%
Q2 05	750M	-1.9%	-4.8%
Q4 05	743M	-0.9%	-1.9%
Q2 06	722M	-2.9%	-5.2%
Q2 19	1.23B	+69.9%	+60.4%
Q2 20	592M	-51.8%	-21.1%
Q4 20	584M	-1.3%	-21.4%
Q2 21	586M	+0.3%	-18.8%
Q4 21	587M	+0.2%	-52.1%
Q2 22	585M	-0.4%	-1.1%
Q4 22	576M	-1.5%	-1.3%
Q4 25	557M	-3.3%	-4.9%
Q2 26	558M	+0.1%	-5.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 03	$131.0K	49K
Q4 03	$131.0K	49K
Q2 04	$185.0K	32K
Q4 04	$265.8K	23K
Q2 05	$199.6K	23K
Q4 05	$201.5K	22K
Q2 06	$219.1K	22K
Q2 19	$311.3K	30K
Q2 20	$341.6K	28K
Q4 20	$221.0K	28K
Q2 21	$333.7K	28K
Q4 21	$285.7K	28K
Q2 22	$388.0K	28K
Q4 22	$361.1K	28K
Q4 25	$325.0K	29K
Q2 26	$358.8K	29K

Revenue / Employee