WD-40 Company
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $688.0M | $620.0M | $590.6M | $537.3M | $518.8M | $488.1M | $408.5M | $423.4M |
| Cost of Revenue | $307.5M | $278.6M | $275.3M | $263.0M | $264.1M | $224.4M | $185.5M | $191.0M |
| Gross Profit | $380.5M | $341.3M | $315.2M | $274.2M | $254.8M | $263.7M | $223.0M | $232.3M |
| Gross Margin | 55.3% | 55.1% | 53.4% | 51.0% | 49.1% | 54.0% | 54.6% | 54.9% |
| Operating Expenses | ||||||||
| Research & Development | $8.1M | $8.7M | $8.0M | $6.2M | $5.1M | $5.6M | $6.0M | $6.5M |
| SG&A Expense | $225.0M | $199.9M | $183.9M | $154.7M | $138.7M | $145.5M | $122.0M | $123.9M |
| Operating Income | $108.9M | $103.8M | $96.4M | $89.7M | $87.3M | $88.8M | $77.2M | $82.4M |
| Operating Margin | 15.8% | 16.7% | 16.3% | 16.7% | 16.8% | 18.2% | 18.9% | 19.5% |
| Interest Expense | — | — | — | $5.6M | $2.7M | $2.4M | $2.4M | $2.5M |
| Pretax Income | $106.5M | $101.6M | $91.5M | $85.2M | $84.1M | $86.5M | $75.5M | $80.8M |
| Income Tax Expense | $24.2M | $10.6M | $21.9M | $19.2M | $16.8M | $16.3M | $14.8M | $24.9M |
| Net Income | $82.3M | $91.0M | $69.6M | $66.0M | $67.3M | $70.2M | $60.7M | $55.9M |
| Net Margin | 12.0% | 14.7% | 11.8% | 12.3% | 13.0% | 14.4% | 14.9% | 13.2% |
| EPS (Basic) | $6.10 | $6.70 | $5.12 | $4.84 | $4.91 | $5.11 | $4.41 | $4.03 |
| EPS (Diluted) | $6.08 | $6.69 | $5.11 | $4.83 | $4.90 | $5.09 | $4.40 | $4.02 |
| Shares Outstanding (Basic) | 13.5M | 13.5M | 13.6M | 13.6M | 13.7M | 13.7M | 13.7M | 13.8M |
| Shares Outstanding (Diluted) | 13.5M | 13.6M | 13.6M | 13.6M | 13.7M | 13.7M | 13.7M | 13.8M |
| Dividends Per Share | $4.00 | $3.70 | $3.47 | $3.27 | $3.06 | $2.78 | $2.62 | $2.37 |