SNY financial statements

The full income statement, balance sheet, and cash-flow statement for Sanofi ADS (SNY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2017-12 1.25B2018-12 1.25B2019-12 1.25B2020-12 1.25B2021-12 1.26B2022-12 1.26B2023-12 1.26B2024-12 1.26B2025-12 1.22B-2.8% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	38.1B YoY+13.2%	33.6B YoY+7.3%	31.4B YoY+4.0%	30.2B YoY-5.3%	31.8B YoY+10.8%
Cost of revenue	14.8B YoY+3.3%	14.3B YoY+4.6%	13.7B YoY+9.3%	12.5B YoY-13.8%	14.5B YoY+4.6%
Research & development	8.87B YoY+10.9%	8.00B YoY+13.7%	7.04B YoY+3.0%	6.83B YoY+1.5%	6.73B YoY+6.8%
Operating income	7.18B YoY-8.5%	7.85B YoY+4.3%	7.53B YoY-29.5%	10.7B YoY+11.2%	9.61B YoY-40.3%
Interest expense	637M YoY-45.1%	1.16B YoY-17.0%	1.40B YoY+209.3%	452M YoY+3.9%	435M YoY-1.6%
Income tax	1.18B YoY-9.4%	1.30B YoY+18.5%	1.10B YoY-45.2%	2.01B YoY+8.9%	1.84B YoY-10.5%
	8.88B YoY+46.1%	6.08B YoY+3.4%	5.88B YoY-34.1%	8.92B YoY+20.1%	7.43B YoY-47.2%
Net income to common	8.84B YoY+46.9%	6.02B YoY+3.0%	5.84B YoY-33.6%	8.80B YoY+19.6%	7.36B YoY-47.5%
	$7.21 YoY+50.3%	$4.79 YoY+3.1%	$4.65 YoY-33.6%	$7.00	—
EPS (basic)	$7.24 YoY+50.7%	$4.80 YoY+3.1%	$4.66 YoY-33.7%	$7.03	—
	1.22B YoY-2.5%	1.25B YoY-0.0%	1.25B YoY-0.0%	1.25B YoY-0.0%	1.25B YoY-0.1%
	1.23B YoY-2.4%	1.26B YoY-0.0%	1.26B YoY-0.0%	1.26B YoY+0.0%	1.26B YoY-0.3%
Dividends per share	$4.44 YoY+9.0%	$4.07 YoY+5.7%	$3.85 YoY+10.0%	$3.50 YoY-7.5%	$3.78 YoY+5.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	36.4B YoY-18.1%	44.4B YoY+30.8%	33.9B YoY-6.7%	36.4B	—
Cash & equivalents	8.99B YoY+15.9%	7.76B YoY-19.5%	9.64B YoY-29.0%	13.6B YoY+18.4%	11.5B YoY-32.7%
Inventory	12.0B YoY+22.0%	9.84B YoY-8.1%	10.7B YoY+12.0%	9.55B YoY-3.5%	9.90B YoY-3.3%
	149B YoY+7.5%	139B YoY-1.1%	140B YoY+3.6%	135B YoY-1.1%	137B YoY-2.6%
Property, plant & equipment	11.8B YoY+12.2%	10.5B YoY-6.4%	11.2B YoY+6.9%	10.5B YoY-7.6%	11.4B YoY-0.7%
Goodwill	48.5B YoY+7.2%	45.2B YoY-17.3%	54.7B YoY+2.8%	53.2B YoY-2.6%	54.6B YoY+0.4%
Total non-current assets	113B YoY+19.7%	94.1B YoY-11.3%	106B YoY+7.4%	98.7B YoY-3.0%	102B YoY+3.0%
Total current liabilities	33.3B YoY+9.5%	30.4B YoY+13.5%	26.8B YoY+4.8%	25.6B	—
Long-term debt	16.7B YoY+36.1%	12.3B YoY-22.6%	15.9B YoY+0.3%	15.8B YoY-18.6%	19.5B YoY-19.6%
	83.8B YoY+3.7%	80.8B YoY-1.4%	81.9B YoY+2.8%	79.7B YoY+2.2%	78.0B YoY+0.9%
Total equity incl. non-controlling	84.2B YoY+3.7%	81.2B YoY-1.3%	82.3B YoY+2.7%	80.1B YoY+2.2%	78.4B YoY+1.2%
	1.22B YoY-3.5%	1.26B YoY-0.1%	1.26B YoY+0.3%	1.26B YoY-0.2%	1.26B YoY+1.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash from operations	12.2B YoY+23.8%	9.83B YoY-11.4%	11.1B YoY+0.3%	11.1B YoY-11.1%	12.4B YoY+47.2%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Long-term debt issued	6.29B	0.00 YoY-100.0%	51.9M YoY-96.8%	1.63B	0.00 YoY-100.0%
Long-term debt repaid	2.97B YoY+307.9%	727M YoY-81.7%	3.98B YoY+39.4%	2.86B YoY+7.8%	2.65B YoY-41.2%
Common stock issued	200M YoY-1.0%	202M YoY-4.0%	211M YoY+6.7%	198M YoY-10.2%	220M YoY-4.9%
Common stock repurchased	5.67B YoY+1636.2%	327M YoY-49.0%	641M YoY+22.7%	522M YoY+15.6%	452M YoY-51.8%
Dividends paid	5.40B YoY+6.1%	5.09B YoY+5.7%	4.82B YoY+9.9%	4.38B YoY-7.6%	4.74B YoY+5.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	59.1B YoY-3.0%	60.9B YoY-2.8%	62.7B YoY+2.5%	61.2B YoY-3.3%	63.3B YoY+4.2%
P/E	6.7× YoY-33.6%	10.0× YoY+42.5%	7.0× YoY-14.7%	8.2× YoY-3.3%	8.5× YoY+97.1%
P/B	0.7× YoY-6.5%	0.8× YoY-4.2%	0.8× YoY+0.3%	0.8× YoY-3.3%	0.8× YoY+3.2%
	15.0% YoY+50.6%	10.0% YoY-29.8%	14.2% YoY+17.2%	12.1% YoY+3.4%	11.7% YoY-49.3%
	9.2% YoY+8.5%	8.4% YoY+9.0%	7.7% YoY+7.1%	7.2% YoY-4.3%	7.6% YoY+2.2%
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: SNY's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SNY filings on SEC EDGAR → Not investment advice.