What is Shell PLC's earnings per share (EPS)?

Shell PLC (RYDAF) reported diluted earnings per share of $3.00 for fiscal year 2025. This represents a 18.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Shell PLC Financials

RYDAF

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Shell PLC (RYDAF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI RYDAF FY2025 2026-04-22

Shell's core financial mechanic is converting a volatile sales base into cash that retires obligations and shrinks shares.

From FY2024 to FY2025, revenue dropped from $284.3B to $266.9B. Yet net income rose to $18.1B as net margin improved to 6.8%, showing that headline sales are a noisy indicator here and that the more important operating question is how much profit survives after the revenue swing.

From FY2023 to FY2025, shares outstanding fell from 6.5B to 5.7B. That share-count shrink helps explain why per-share earnings held up better than total earnings, because the same profit pool was being divided across fewer owners.

Since FY2022, total liabilities have dropped by about $55.4B while cash ended FY2025 at $30.2B. That looks like active balance-sheet simplification rather than cash hoarding: the company has been using internally generated cash to trim obligations and fund distributions while keeping liquidity adequate instead of maximal.

Financial Health Signals

Financial health score pending refresh

We are recalculating Shell PLC's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

Shell PLC passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.37x

For every $1 of reported earnings, Shell PLC generates $2.37 in operating cash flow ($42.9B OCF vs $18.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$266.9B

YoY-6.1%

5Y CAGR+8.1%

10Y CAGR+0.1%

Shell PLC generated $266.9B in revenue in fiscal year 2025. This represents a decrease of 6.1% from the prior year.

EBITDA

N/A

Net Income

$18.1B

YoY+9.7%

10Y CAGR+23.5%

Shell PLC reported $18.1B in net income in fiscal year 2025. This represents an increase of 9.7% from the prior year.

EPS (Diluted)

$3.00

YoY+18.6%

10Y CAGR+25.9%

Shell PLC earned $3.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$30.2B

YoY-22.7%

5Y CAGR-1.0%

10Y CAGR-0.5%

Shell PLC held $30.2B in cash against $75.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

5.69B

YoY-6.5%

Shell PLC had 5.69B shares outstanding in fiscal year 2025. This represents a decrease of 6.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

6.8%

YoY+1.0pp

5Y CAGR+18.7pp

10Y CAGR+6.0pp

Shell PLC's net profit margin was 6.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity

10.3%

YoY+1.2pp

5Y CAGR+23.9pp

10Y CAGR+9.0pp

Shell PLC's ROE was 10.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$14.1B

YoY+0.1%

5Y CAGR+63.2%

10Y CAGR+159.9%

Shell PLC spent $14.1B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.1% from the prior year.

Capital Expenditures

N/A

RYDAF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$266.9B-6.1%	$284.3B-10.2%	$316.6B-17.0%	$381.3B+45.8%	$261.5B+44.8%	$180.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.9B+8.4%	$1.7B-2.8%	$1.8B+2.8%	$1.7B-13.2%	$2.0B-9.1%	$2.2B
Income Tax	$11.6B-13.2%	$13.4B+3.2%	$13.0B-40.8%	$21.9B+138.5%	$9.2B+269.3%	-$5.4B
Net Income	$18.1B+9.7%	$16.5B-15.9%	$19.6B-54.2%	$42.9B+107.8%	$20.6B+195.8%	-$21.5B
EPS (Diluted)	$3.00+18.6%	$2.53-11.2%	$2.85-50.1%	$5.71+122.2%	$2.57+192.4%	$-2.78

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Revenue	N/A	$65.4B-5.5%	$69.2B	N/A	$74.5B+2.7%	$72.5B	N/A	$74.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$326.0M+7.9%	$302.0M	N/A	-$305.0M-133.6%	$907.0M	N/A	$813.0M
Income Tax	N/A	$2.3B-42.9%	$4.1B	N/A	$3.8B+4.2%	$3.6B	N/A	$2.2B
Net Income	N/A	$3.6B-25.3%	$4.9B	N/A	$3.6B-50.9%	$7.4B	N/A	$3.2B
EPS (Diluted)	N/A	$0.60-24.1%	$0.79	N/A	$0.55-51.3%	$1.13	N/A	$0.46

RYDAF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$370.4B-4.5%	$387.6B-4.6%	$406.3B-8.3%	$443.0B+9.6%	$404.4B+6.6%	$379.3B
Current Assets	$107.2B-16.2%	$127.9B-4.6%	$134.1B-19.2%	$165.9B+28.9%	$128.8B+40.0%	$92.0B
Cash & Equivalents	$30.2B-22.7%	$39.1B+0.9%	$38.8B-3.7%	$40.2B+8.9%	$37.0B+16.1%	$31.8B
Inventory	$22.2B-5.2%	$23.4B-10.0%	$26.0B-18.4%	$31.9B+26.3%	$25.3B+29.8%	$19.5B
Accounts Receivable	$44.6B-2.8%	$45.9B-13.9%	$53.3B-19.9%	$66.5B+25.0%	$53.2B+58.2%	$33.6B
Goodwill	$15.7B-2.3%	$16.0B-3.8%	$16.7B+3.9%	$16.0B+7.5%	$14.9B-34.3%	$22.7B
Total Liabilities	$195.0B-6.0%	$207.4B-4.8%	$217.9B-13.0%	$250.4B+9.3%	$229.1B+3.8%	$220.7B
Current Liabilities	$82.4B-13.3%	$95.0B-0.5%	$95.5B-21.3%	$121.3B+27.0%	$95.5B+29.6%	$73.7B
Long-Term Debt	$75.6B-1.9%	$77.1B-5.5%	$81.5B-2.7%	$83.8B-5.9%	$89.1B-17.5%	$108.0B
Total Equity	$175.3B-2.7%	$180.2B-4.4%	$188.4B-2.2%	$192.6B+9.9%	$175.3B+10.6%	$158.5B
Retained Earnings	$153.5B-3.3%	$158.8B-4.3%	$165.9B-2.1%	$169.5B+10.8%	$153.0B+7.3%	$142.6B

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Total Assets	$370.4B-4.5%	$387.9B	N/A	$387.6B-1.8%	$394.8B	N/A	$406.3B-2.1%	$415.0B
Current Assets	$107.2B-11.9%	$121.6B	N/A	$127.9B-0.5%	$128.6B	N/A	$134.1B-4.5%	$140.5B
Cash & Equivalents	$30.2B-7.5%	$32.7B-8.2%	$35.6B-9.0%	$39.1B+2.5%	$38.1B-4.5%	$39.9B+3.0%	$38.8B-14.0%	$45.1B
Inventory	$22.2B-4.6%	$23.3B	N/A	$23.4B-11.4%	$26.4B	N/A	$26.0B-3.5%	$27.0B
Accounts Receivable	$44.6B-2.1%	$45.6B	N/A	$45.9B-9.4%	$50.6B	N/A	$53.3B+1.7%	$52.4B
Goodwill	$15.7B-4.1%	$16.3B	N/A	$16.0B-3.1%	$16.5B	N/A	$16.7B-5.6%	$17.7B
Total Liabilities	$195.0B-4.8%	$204.8B	N/A	$207.4B-0.1%	$207.6B	N/A	$217.9B-2.3%	$222.9B
Current Liabilities	$82.4B-10.4%	$92.0B	N/A	$95.0B+3.9%	$91.5B	N/A	$95.5B-0.7%	$96.1B
Long-Term Debt	$75.6B0.0%	$75.7B-1.1%	$76.5B-0.7%	$77.1B+2.1%	$75.5B-5.6%	$79.9B-2.0%	$81.5B-3.3%	$84.4B
Total Equity	$175.3B-4.2%	$183.1B	N/A	$180.2B-3.8%	$187.2B	N/A	$188.4B-1.9%	$192.1B
Retained Earnings	$153.5B	N/A	N/A	$158.8B	N/A	N/A	$165.9B	N/A

RYDAF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$42.9B-21.6%	$54.7B+0.9%	$54.2B-20.8%	$68.4B+51.7%	$45.1B+32.3%	$34.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$16.8B-10.9%	-$15.2B+14.5%	-$17.7B+21.0%	-$22.4B-371.5%	-$4.8B+64.1%	-$13.3B
Financing Cash Flow	-$35.8B+6.8%	-$38.4B-0.5%	-$38.2B+8.9%	-$42.0B-21.0%	-$34.7B-379.8%	-$7.2B
Dividends Paid	$8.5B-2.3%	$8.7B+3.3%	$8.4B+13.3%	$7.4B+18.4%	$6.3B-15.8%	$7.4B
Share Buybacks	$14.1B+0.1%	$14.1B-3.5%	$14.6B-21.4%	$18.5B+428.0%	$3.5B+189.4%	$1.2B

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Operating Cash Flow	N/A	$11.9B+28.6%	$9.3B	N/A	$13.5B+1.3%	$13.3B	N/A	$15.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$5.4B-36.5%	-$4.0B	N/A	-$3.3B+5.4%	-$3.5B	N/A	-$3.0B
Financing Cash Flow	N/A	-$10.1B-10.1%	-$9.2B	N/A	-$11.8B-43.6%	-$8.2B	N/A	-$9.0B
Dividends Paid	N/A	$2.1B-2.6%	$2.2B	N/A	$2.2B-1.5%	$2.2B	N/A	$2.0B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RYDAF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.8%+1.0pp	5.8%-0.4pp	6.2%-5.0pp	11.2%+3.4pp	7.9%+19.8pp	-11.9%
Return on Equity	10.3%+1.2pp	9.2%-1.2pp	10.4%-11.8pp	22.3%+10.5pp	11.8%+25.4pp	-13.6%
Return on Assets	4.9%+0.6pp	4.3%-0.6pp	4.8%-4.8pp	9.7%+4.6pp	5.1%+10.8pp	-5.7%
Current Ratio	1.30-0.0	1.35-0.1	1.40+0.0	1.37+0.0	1.35+0.1	1.25
Debt-to-Equity	0.430.0	0.430.0	0.430.0	0.44-0.1	0.51-0.2	0.68
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	5.6%-1.5pp	7.0%	N/A	4.9%-5.4pp	10.3%	N/A	4.2%
Return on Equity	N/A	2.0%	N/A	N/A	1.9%	N/A	N/A	1.6%
Return on Assets	N/A	0.9%	N/A	N/A	0.9%	N/A	N/A	0.8%
Current Ratio	1.30-0.0	1.32	N/A	1.35-0.1	1.41	N/A	1.40-0.1	1.46
Debt-to-Equity	0.43+0.0	0.41	N/A	0.43+0.0	0.40	N/A	0.430.0	0.44
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Shell PLC's annual revenue?

Shell PLC (RYDAF) reported $266.9B in total revenue for fiscal year 2025. This represents a -6.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Shell PLC's revenue growing?

Shell PLC (RYDAF) revenue declined by 6.1% year-over-year, from $284.3B to $266.9B in fiscal year 2025.

Is Shell PLC profitable?

Yes, Shell PLC (RYDAF) reported a net income of $18.1B in fiscal year 2025, with a net profit margin of 6.8%.

How much debt does Shell PLC have?

As of fiscal year 2025, Shell PLC (RYDAF) had $30.2B in cash and equivalents against $75.6B in long-term debt.

What is Shell PLC's net profit margin?

Shell PLC (RYDAF) had a net profit margin of 6.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Shell PLC's return on equity (ROE)?

Shell PLC (RYDAF) has a return on equity of 10.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Shell PLC's operating cash flow?

Shell PLC (RYDAF) generated $42.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Shell PLC's total assets?

Shell PLC (RYDAF) had $370.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Shell PLC buy back shares?

Yes, Shell PLC (RYDAF) spent $14.1B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Shell PLC have outstanding?

Shell PLC (RYDAF) had 5.69B shares outstanding as of fiscal year 2025.

What is Shell PLC's current ratio?

Shell PLC (RYDAF) had a current ratio of 1.30 as of fiscal year 2025, which is considered adequate.

What is Shell PLC's debt-to-equity ratio?

Shell PLC (RYDAF) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Shell PLC's return on assets (ROA)?

Shell PLC (RYDAF) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Shell PLC's Piotroski F-Score?

Shell PLC (RYDAF) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Shell PLC's earnings high quality?

Shell PLC (RYDAF) has an earnings quality ratio of 2.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.