Income Statement Snapshot

AMCOR PLC’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2026

12.8% CAGR

$23.5B

CAGR 12.8% (FY2022 to FY2026)

Gross Profit

FY2026

13.6% CAGR

$4.7B

CAGR 13.6% (FY2022 to FY2026)

Operating Income

FY2026

11.3% CAGR

$1.9B

CAGR 11.3% (FY2022 to FY2026)

Net Income

FY2026

8.3% CAGR

$1.1B

CAGR 8.3% (FY2022 to FY2026)

Metric	2026	2025	2024	2023	2022
Revenue	$23,506	$15,009	$13,640	$3,251	$14,544
Gross Profit	$4,690	$2,834	$2,712	$621	$2,820
Operating Income	$1,899	$1,009	$1,214	$1,508	$1,239
Net Income	$1,106	$511	$730	$134	$805
Filing	10-K	10-K	10-K	10-K	10-K

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for AMCOR PLC.
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2026	2025	2024	2023	2022
Total Revenue	$23,506	$15,009	$13,640	$3,251	$14,544
Cost of Revenue	$18,816	$12,175	$10,928	$11,969	$11,724
Gross Profit	$4,690	$2,834	$2,712	$621	$2,820
Research & Development	$170	$120	$106	$101	$96
Selling, General & Administrative	$1,931	$1,205	$1,093	$1,086	$1,284
Operating Income	$1,899	$1,009	$1,214	$1,508	$1,239
Interest Expense	$676	$396	$348	$290	$159
Other Non-Operating Income (Expense)	-$7	-$12	$3	$2	$11
Pretax Income	$1,282	$650	$907	$1,251	$1,115
Income Tax Expense (Benefit)	$181	$135	$163	$193	$300
Net Income	$1,106	$511	$730	$134	$805
Basic EPS	$2.39	$1.60	$2.53	$0.09	$0.53
Diluted EPS	$2.38	$1.60	$2.52	$0.71	$0.53
Basic Average Shares	N/A	1,592.0M	1,445.0M	1,478.0M	1,514.0M
Diluted Average Shares	463.8M	318.6M	288.1M	1,476.0M	1,516.0M
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for AMCOR PLC

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2026

vs FY2022

20.0%

Change vs FY2022: +56 bps

Operating Margin

FY2026

vs FY2022

8.1%

Change vs FY2022: -44 bps

Net Margin

FY2026

vs FY2022

4.7%

Change vs FY2022: -83 bps

Observation Window

FY2022 to FY2026

5 years

5 Years

Profitability profile tracked across FY2022 through FY2026.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2026 vs FY2025

YoY change

+56.6%

FY2026 versus FY2025

Gross Profit YoY

FY2026 vs FY2025

YoY change

+65.5%

FY2026 versus FY2025

Op. Income YoY

FY2026 vs FY2025

YoY change

+88.2%

FY2026 versus FY2025

Net Income YoY

FY2026 vs FY2025

YoY change

+116.4%

FY2026 versus FY2025

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2026	2025	2024	2023	2022
Revenue Growth %	+56.6%	+10.0%	+319.6%	-77.6%	N/A
Gross Profit Growth %	+65.5%	+4.5%	+336.7%	-78.0%	N/A
Operating Income Growth %	+88.2%	-16.9%	-19.5%	+21.7%	N/A
Net Income Growth %	+116.4%	-30.0%	+444.8%	-83.4%	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2022 to FY2026, useful for filtering out one-year noise.

Revenue CAGR

FY2022 to FY2026

4-yr CAGR

12.8%

Compounded annual growth across FY2022 to FY2026.

Gross Profit CAGR

FY2022 to FY2026

4-yr CAGR

13.6%

Compounded annual growth across FY2022 to FY2026.

Op. Income CAGR

FY2022 to FY2026

4-yr CAGR

11.3%

Compounded annual growth across FY2022 to FY2026.

Net Income CAGR

FY2022 to FY2026

4-yr CAGR

8.3%

Compounded annual growth across FY2022 to FY2026.

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Income Statement Snapshot

AMCOR PLC’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2026

12.8% CAGR

$23.5B

CAGR 12.8% (FY2022 to FY2026)

Gross Profit

FY2026

13.6% CAGR

$4.7B

CAGR 13.6% (FY2022 to FY2026)

Operating Income

FY2026

11.3% CAGR

$1.9B

CAGR 11.3% (FY2022 to FY2026)

Net Income

FY2026

8.3% CAGR

$1.1B

CAGR 8.3% (FY2022 to FY2026)

Metric	2026	2025	2024	2023	2022
Revenue	$23,506	$15,009	$13,640	$3,251	$14,544
Gross Profit	$4,690	$2,834	$2,712	$621	$2,820
Operating Income	$1,899	$1,009	$1,214	$1,508	$1,239
Net Income	$1,106	$511	$730	$134	$805
Filing	10-K	10-K	10-K	10-K	10-K

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for AMCOR PLC.
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2026	2025	2024	2023	2022
Total Revenue	$23,506	$15,009	$13,640	$3,251	$14,544
Cost of Revenue	$18,816	$12,175	$10,928	$11,969	$11,724
Gross Profit	$4,690	$2,834	$2,712	$621	$2,820
Research & Development	$170	$120	$106	$101	$96
Selling, General & Administrative	$1,931	$1,205	$1,093	$1,086	$1,284
Operating Income	$1,899	$1,009	$1,214	$1,508	$1,239
Interest Expense	$676	$396	$348	$290	$159
Other Non-Operating Income (Expense)	-$7	-$12	$3	$2	$11
Pretax Income	$1,282	$650	$907	$1,251	$1,115
Income Tax Expense (Benefit)	$181	$135	$163	$193	$300
Net Income	$1,106	$511	$730	$134	$805
Basic EPS	$2.39	$1.60	$2.53	$0.09	$0.53
Diluted EPS	$2.38	$1.60	$2.52	$0.71	$0.53
Basic Average Shares	N/A	1,592.0M	1,445.0M	1,478.0M	1,514.0M
Diluted Average Shares	463.8M	318.6M	288.1M	1,476.0M	1,516.0M
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for AMCOR PLC

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2026

vs FY2022

20.0%

Change vs FY2022: +56 bps

Operating Margin

FY2026

vs FY2022

8.1%

Change vs FY2022: -44 bps

Net Margin

FY2026

vs FY2022

4.7%

Change vs FY2022: -83 bps

Observation Window

FY2022 to FY2026

5 years

5 Years

Profitability profile tracked across FY2022 through FY2026.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2026 vs FY2025

YoY change

+56.6%

FY2026 versus FY2025

Gross Profit YoY

FY2026 vs FY2025

YoY change

+65.5%

FY2026 versus FY2025

Op. Income YoY

FY2026 vs FY2025

YoY change

+88.2%

FY2026 versus FY2025

Net Income YoY

FY2026 vs FY2025

YoY change

+116.4%

FY2026 versus FY2025

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2026	2025	2024	2023	2022
Revenue Growth %	+56.6%	+10.0%	+319.6%	-77.6%	N/A
Gross Profit Growth %	+65.5%	+4.5%	+336.7%	-78.0%	N/A
Operating Income Growth %	+88.2%	-16.9%	-19.5%	+21.7%	N/A
Net Income Growth %	+116.4%	-30.0%	+444.8%	-83.4%	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2022 to FY2026, useful for filtering out one-year noise.

Revenue CAGR

FY2022 to FY2026

4-yr CAGR

12.8%

Compounded annual growth across FY2022 to FY2026.

Gross Profit CAGR

FY2022 to FY2026

4-yr CAGR

13.6%

Compounded annual growth across FY2022 to FY2026.

Op. Income CAGR

FY2022 to FY2026

4-yr CAGR

11.3%

Compounded annual growth across FY2022 to FY2026.

Net Income CAGR

FY2022 to FY2026

4-yr CAGR

8.3%

Compounded annual growth across FY2022 to FY2026.

Commentary on AMCOR PLC Performance

Over the past five years, AMCOR PLC’s income statement reveals notable volatility in key financial metrics. Revenues peaked in 2021 and 2022 at USD 12,861 million and USD 14,544 million, respectively, before experiencing a severe contraction in 2023 and 2024 to around USD 3,250 million—a decline well over 75% from 2022—before partially recovering to USD 5,082 million in 2025. A similar pattern is evident in gross profit, which stayed near USD 2,700–2,800 million in 2021 and 2022 but dropped steeply to around USD 620–630 million over 2023 and 2024 and then rebounded to USD 2,834 million in 2025. These swings, particularly the drastic revenue drop from 2022 to 2023 and subsequent partial recovery, suggest significant operational shifts or market disruptions impacting the company’s top-line performance during the middle years. Operating income shows a somewhat different trend, with figures of USD 1,321 million in 2021 and USD 1,239 million in 2022 followed by an unusual peak of USD 1,508 million in 2023 before receding to USD 1,214 million in 2024 and USD 1,009 million in 2025. In contrast, net income exhibits a volatile pattern: starting strong at USD 939 million in 2021, decreasing to USD 805 million in 2022, then plunging to USD 134 million in 2023 and modestly recovering to USD 163 million in 2024 before climbing to USD 511 million in 2025. This divergence between operating and net income could indicate shifts in non-operating expenses or tax impacts during the period. Overall, while the period was marked by significant year-over-year swings, particularly in revenue and gross profit, the eventual recovery and maintained operating income suggest that AMCOR PLC retains underlying operational strengths. However, the high volatility warrants careful watch on future market conditions and operational adjustments for sustainable growth.

This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.

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Amcor plc

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Income Statement Snapshot

Income Statement Snapshot

Commentary on AMCOR PLC Performance

Commentary on AMCOR PLC Performance