How British American Tobacco makes money

Period

FY2025

How does British American Tobacco make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

British American Tobacco p.l.c. (ADR) · FY2025 · year ended 2025-12-31

Revenue$33.8BGross profit$33.8B · 100%Cost of revenue$0 · 0%Operating income$13.2B · 39%Operating expenses$20.6B · 61%R&D$473M · 1%Other opex$20.1B · 60%Pre-tax income$13.0B · 38%Other expense$182M · 1%Net income$10.3B · 30%Income tax$2.8B · 8%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.