Herbalife Ltd.

HLF ·Healthcare, Medical Distribution, Cayman Islands
Financial Statements › Income Statement
Annual Quarterly

Income Statement

Line Item FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Revenue $5.04B $4.99B $5.06B $5.20B $5.80B $5.54B $4.88B $4.89B
Cost of Revenue $1.11B $1.10B $1.19B $1.17B $1.24B $1.15B $958.0M $919.3M
Gross Profit $3.92B $3.89B $3.87B $4.03B $4.56B $4.39B $3.92B $3.97B
Gross Margin 77.9% 77.9% 76.5% 77.4% 78.6% 79.2% 80.4% 81.2%
Operating Expenses
Research & Development — — — — — — — —
SG&A Expense $1.66B $1.88B $1.87B $1.81B $2.01B $2.08B $1.94B $1.96B
Operating Income $481.0M $385.9M $356.4M $545.2M $734.1M $640.6M $568.1M $683.1M
Operating Margin 9.5% 7.7% 7.0% 10.5% 12.7% 11.6% 11.6% 14.0%
Interest Expense $214.4M $218.3M $165.9M $139.3M $153.1M $133.0M $153.0M $181.0M
Pretax Income $275.1M $169.4M $203.0M $424.8M $560.8M $516.4M $451.4M $464.2M
Income Tax Expense $47.3M $-84.9M $60.8M $103.5M $113.6M $143.8M $140.4M $167.6M
Net Income $228.3M $254.3M $142.2M $321.3M $447.2M $372.6M $311.0M $296.6M
Net Margin 4.5% 5.1% 2.8% 6.2% 7.7% 6.7% 6.4% 6.1%
EPS (Basic) $2.22 $2.53 $1.44 $3.26 $4.22 $2.83 $2.26 $2.12
EPS (Diluted) $2.20 $2.50 $1.42 $3.23 $4.13 $2.77 $2.20 $1.98
Shares Outstanding (Basic) 102.8M 100.6M 99.0M 98.5M 105.9M 131.5M 137.4M 140.2M
Shares Outstanding (Diluted) 103.6M 101.6M 100.2M 99.5M 108.3M 134.5M 141.6M 149.5M
Dividends Per Share — — — — — — — —
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