Annual Report 2025

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Business Model Overview

Person in a racing suit and helmet holding adidas football boots against a green background. (Photo)

Building on our purpose ‘Through sport, we have the power to change lives,’ the overview below outlines the major input and output factors as well as the outcomes of our business activities.1

Click on input and output factors to explore more details provided

Diver underwater wearing adidas shoes. (Photo)

Product & Marketing

Product & Marketing

We design and develop desirable Performance and Lifestyle products. Through inspiring storytelling, marketing activities, and collaborations, we drive brand desire and fulfill our consumers' preferences for the best product.

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Exhibition showcasing adidas outfits on mannequins. (Photo)

Markets & Sales Channels

Markets & Sales Channels

In addition to operating our sales channels, our market teams provide the right product and activations, driven by their superior knowledge of the local consumer landscape.

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Close-up of a white adidas football shoe. (Photo)

Sourcing & Supply Chain

Sourcing & Supply Chain

Independent manufacturing partners produce the vast majority of our products. Our global distribution center network is tailored to meet the needs of our sales channels and consumers.

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Group of young adults talking while wearing adidas sportswear. (Photo)

People & Culture

People & Culture

Our people are the key to our success. We develop a culture that values employee experience, unique differences, well-being, and performance with a significant positive impact on brand desire, consumer satisfaction, and our financial performance.

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Consumers

Product & Marketing

We design and develop desirable Performance and Lifestyle products. Through inspiring storytelling, marketing activities, and collaborations, we drive brand desire and fulfill our consumers' preferences for the best product.

Learn more

Markets & Sales Channels

In addition to operating our sales channels, our market teams provide the right product and activations, driven by their superior knowledge of the local consumer landscape.

Learn more

Sourcing & Supply Chain

Independent manufacturing partners produce the vast majority of our products. Our global distribution center network is tailored to meet the needs of our sales channels and consumers.

Learn more

People & Culture

Our people are the key to our success. We develop a culture that values employee experience, unique differences, well-being, and performance with a significant positive impact on brand desire, consumer satisfaction, and our financial performance.

Learn more

Outcomes

Positive

  • Attractive investment
  • Reducing adverse ESG-related impacts
  • Employment, e.g., own operations, supply chain
  • Improving athlete performance and contribution to healthy lifestyle
  • Creating brand heat, customer and consumer satisfaction, as well as product demand

Negative

  • Adverse impact on various ESG aspects, e.g., GHG emissions, use of natural resources, human rights for workers in supply chain
  • Macroeconomic and geopolitical developments may elevate risks of subdued financial and share price performance
  • Low level of brand heat, customer and consumer satisfaction as well as product demand

1 The infographic and the following sections (Product and Marketing, Markets and Sales Channels, Sourcing and Supply Chain, and People and Culture) contain disclosures pursuant to ESRS 2, paragraphs 42a, 42b, 42c, and 48f.