Marks and Spencer
Financial Performance
Marks and Spencer Revenue & Financials
Revenue
~$17.2B (FY2024)
Market Cap
$6B
Net Income
~$591M
Employees
65,000
What is Marks and Spencer's revenue?
Marks and Spencer had ~$17.2B in revenue for fiscal year 2024, up 9.3% from 2023. Net income was ~$591M.
- Latest revenue
- ~$17.2B (FY2024)
- Year-over-year
- +9.3%
- Growth rate (CAGR)
- 2.6% over 9 years
- Peak revenue
- ~$17.2B (FY2024)
- Years of data
- 10
- Employees
- 65,000
- How much profit does Marks and Spencer make?
- Marks and Spencer reported net income of ~$591M for fiscal year 2024.
- How many employees does Marks and Spencer have?
- Marks and Spencer has about 65,000 employees.
Financial Analysis
Marks and Spencer has executed a remarkable financial comeback, characterized by robust revenue expansion, expanding operating margins, and strong cash generation. In fiscal year 2023/2024, M&S generated group revenue of £13.04 billion, representing 9.4% year-over-year revenue growth. Food sales rose 13.0% and Clothing & Home grew 5.3%. Adjusted profit before tax jumped 58% to £716.2 million, with free cash flow exceeding £400 million. M&S restored its ordinary shareholder dividend, achieved an investment-grade credit rating upgrade, and eliminated non-lease net debt.
Revenue Trend Analysis
YoY Change
+9.3%
9-Year CAGR
+2.6%
Peak Year
2024
Trend
Mostly Growing
Marks and Spencer has 10 full fiscal year figures on this page, compounding at +2.6% annually over 9 years. The most recent year saw a 9.3% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$17.2B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$17.2B | ~$591M | +9.3% |
| FY2023 | ~$15.7B | ~$481.1M | +9.6% |
| FY2022 | ~$14.4B | ~$407.9M | +21.3% |
| FY2021 | ~$11.8B | -~$276.4M | -11.9% |
| FY2020 | ~$13.4B | ~$36.2M | -1.9% |
| FY2019 | ~$13.7B | ~$49.2M | -3.0% |
| FY2018 | ~$14.1B | ~$76.7M | +0.7% |
| FY2017 | ~$14B | ~$152.7M | +0.0% |
| FY2016 | ~$14B | ~$533.8M | +3.0% |
| FY2015 | ~$13.6B | ~$635.8M | — |
Click any row to see year details.
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Marks and Spencer Revenue and Financial FAQ
What was Marks and Spencer's latest reported annual revenue?
In its latest audited financial reporting period, Marks and Spencer recorded consolidated net revenue of £13.04B ($16.6B), demonstrating durable revenue growth across its primary operating divisions.
How profitable is Marks and Spencer?
Marks and Spencer generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Marks and Spencer's capital and liquidity position?
Marks and Spencer maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Marks and Spencer distribute capital to shareholders?
Marks and Spencer executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Marks and Spencer Revenue & Financials." CorpDigest, https://corpdigest.com/company/marks-and-spencer/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Marks and Spencer reported ~$17.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/marks-and-spencer/financials" target="_blank" rel="noopener">CorpDigest — Marks and Spencer financials</a></div>Related Financial Audits
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