Annual Report 2025

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Our R e s u l t s

Jude Bellingham wearing a white tank top and black adidas track pants smiles while looking up at a floating football against a red and green background. (Photo)

Net sales

24,811 € million

Net sales

24,811 € million
2025
23,683
2024
21,427
2023
22,511
2022
21,234
2021
Lamine Yamal wearing a sleeveless adidas shirt, denim shorts and green adidas sneakers plays with a football against a yellow and grey wall. (Photo)

Operating profit

2,056 € million

Operating profit

2,056 € million
2025
1,337
2024
268
2023
669
2022
1,986
2021
Lionel Messi wearing a black adidas track top and shorts balances a football in front of a blue and white background while wearing pink adidas sneakers. (Photo)

Gross margin

51.6 %

Gross margin

51.6 %
2025
50.8
2024
47.5
2023
47.3
2022
50.7
2021
Income statement
Brand
  you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this you got this
Value Creation

Value Creation

Our business model
ESG
E
Runner wearing white adidas trail running shoes and orange socks on a forest trail. (Photo) E

Environment

Managing the environmental impacts at our own sites and across the entire value chain is a key focus of our work.

ESRS E1
S
Three young people wearing beige and green adidas casual wear sit together and talk. (Photo) S

Social

We believe that our employees are key to the success of adidas and we recognize our responsibility to respect human rights along the entire value chain.

ESRS S1
G
Two people training in a gym with a medicine ball wearing neon green adidas training shoes. (Photo) G

Governance

We consider adequate business conduct to be imperative and adidas has established high ethical standards that we are committed to upholding.

ESRS G1
Gooooaaal!
Gooooaaal!
Football match in a stadium: players wearing adidas jerseys during a shot on goal. (Photo)
2014 Final Goal A moment for eternity—Mario Götze scores the decisive goal in the 113th minute of the 2014 FIFA Football World Cup final against Argentina, making Germany the soccer world champion.
Brand Highlights

B r a n d H i g h l i g h t s

Silver adidas climacool jacket with front zipper. (Photo)Close-up of an adidas running shoe with the text “Road to Records”. (Photo)Group of young people wearing adidas outfits with the text “UEFA Women’s Euro 2025”. (Photo)Person wearing a black helmet in front of the text “adidas x audi” and brand logos. (Photo)Runners wearing adidas adizero Prime X Evo shoes with the text “Chasing 100”. (Photo)adidas x oasis sign with Trefoil logo mounted on a building facade. (Photo)Silver adidas climacool jacket with front zipper. (Photo)Close-up of an adidas running shoe with the text “Road to Records”. (Photo)Group of young people wearing adidas outfits with the text “UEFA Women’s Euro 2025”. (Photo)Person wearing a black helmet in front of the text “adidas x audi” and brand logos. (Photo)Runners wearing adidas adizero Prime X Evo shoes with the text “Chasing 100”. (Photo)adidas x oasis sign with Trefoil logo mounted on a building facade. (Photo)
Basketball player in Germany jersey with the text “adidas x DBB”. (Photo)Portrait of a player in a red hoodie with the text “adidas x Liverpool FC”. (Photo)adidas adistar Control 5 shoes in an urban setting. (Photo)Purple adidas F50 football boot with the text “Sparkfusion”. (Photo)adidas Terrex Agravic Speed Ultra 2 running shoe. (Photo)Runner wearing adidas adistar Jellyfish shoes. (Photo)Basketball player in Germany jersey with the text “adidas x DBB”. (Photo)Portrait of a player in a red hoodie with the text “adidas x Liverpool FC”. (Photo)adidas adistar Control 5 shoes in an urban setting. (Photo)Purple adidas F50 football boot with the text “Sparkfusion”. (Photo)adidas Terrex Agravic Speed Ultra 2 running shoe. (Photo)Runner wearing adidas adistar Jellyfish shoes. (Photo)
Person with a football wearing adidas sneakers, with the text “Trionda”. (Photo)Football jerseys against a blue sky with the text “FIFA World Cup 2026 Jerseys”. (Photo)adidas adizero Adios Pro Evo 2 running shoe in motion. (Photo)Model wearing a light blue adidas track top with the text “Chinese Track Top”. (Photo)Silver adidas climacool jacket with front zipper. (Photo)Close-up of an adidas running shoe with the text “Road to Records”. (Photo)Person with a football wearing adidas sneakers, with the text “Trionda”. (Photo)Football jerseys against a blue sky with the text “FIFA World Cup 2026 Jerseys”. (Photo)adidas adizero Adios Pro Evo 2 running shoe in motion. (Photo)Model wearing a light blue adidas track top with the text “Chinese Track Top”. (Photo)Silver adidas climacool jacket with front zipper. (Photo)Close-up of an adidas running shoe with the text “Road to Records”. (Photo)
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