Avery DennisonAVYEarnings & Financial Report
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
Revenue
$2.2B
Gross Profit
$639.1M
Operating Profit
$255.5M
Net Profit
$189.0M
Gross Margin
28.8%
Operating Margin
11.5%
Net Margin
8.5%
YoY Growth
-0.7%
EPS
$2.41
Avery Dennison Q2 FY2025 Financial Summary
Avery Dennison reported revenue of $2.2B (down 0.7% YoY) for Q2 FY2025, with a net profit of $189.0M (up 6.9% YoY) (8.5% margin). Cost of goods sold was $1.6B, operating expenses totaled $383.6M.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $189.0M |
| Gross Margin | 28.8% |
| Operating Margin | 11.5% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Avery Dennison Q2 FY2025 revenue of $2.2B breaks down across 4 segments, led by Other at $1.1B (47.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $1.1B | 47.5% |
| Materials Group Segment | $496.3M | 22.4% |
| Apparel And Other | $431.6M | 19.4% |
| Identification Solutions And Vestcom | $238.7M | 10.7% |
Avery Dennison Revenue by Segment — Quarterly Trend
Avery Dennison revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Materials Group Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | $1.1B | $1.0B | $1.1B |
| Materials Group Segment | — | $475.0M | $481.6M | $496.3M |
| Apparel And Other | — | $460.8M | $464.6M | $431.6M |
| Identification Solutions And Vestcom | — | $263.4M | $234.9M | $238.7M |
Avery Dennison Annual Revenue by Year
Avery Dennison annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $8.9B |
| 2024 | $8.8B |
Avery Dennison Quarterly Revenue & Net Profit History
Avery Dennison results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.3B | +7.0% | $168.1M | 7.3% |
| Q4 FY2025 | $2.3B | +3.9% | $166.4M | 7.3% |
| Q3 FY2025 | $2.2B | +1.5% | $166.3M | 7.5% |
| Q2 FY2025 | $2.2B | -0.7% | $189.0M | 8.5% |
| Q1 FY2025 | $2.1B | -0.1% | $166.3M | 7.7% |
| Q4 FY2024 | $2.2B | +3.6% | $174.0M | 8.0% |
| Q3 FY2024 | $2.2B | +4.1% | $181.7M | 8.3% |
| Q2 FY2024 | $2.2B | +8.2% | $176.8M | 7.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $2.18B | $2.19B | $2.15B | $2.22B | $2.22B | $2.27B | $2.30B |
| YoY Growth | 8.2% | 4.1% | 3.6% | -0.1% | -0.7% | 1.5% | 3.9% | 7.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.30B | $8.45B | $8.40B | $8.35B | $8.57B | $8.87B | $8.80B | $8.98B |
| Liabilities | $6.01B | $6.06B | $6.09B | $6.18B | $6.37B | $6.66B | $6.56B | $6.68B |
| Equity | $2.29B | $2.39B | $2.31B | $2.17B | $2.20B | $2.21B | $2.24B | $2.30B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $197.7M | $270.1M | $351.2M | $-16.3M | $208.8M | $312.1M | $376.8M |