Walgreens Boots AllianceWBAEarnings & Financial Report
Walgreens Boots Alliance, Inc. (WBA) was an American multinational holding company headquartered in Deerfield, Illinois. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.
Revenue
$35.4B
Gross Profit
$6.5B
Operating Profit
$-451.0M
Net Profit
$-180.0M
Gross Margin
18.3%
Operating Margin
-1.3%
Net Margin
-0.5%
YoY Growth
9.2%
EPS
$-0.21
Walgreens Boots Alliance Q4 FY2023 Financial Summary
Walgreens Boots Alliance reported revenue of $35.4B (up 9.2% YoY) for Q4 FY2023, with a net profit of $-180.0M (up 56.6% YoY) (-0.5% margin). Cost of goods sold was $28.9B, operating expenses totaled $6.9B.
Key Financial Metrics
| Total Revenue | $35.4B |
|---|---|
| Net Profit | $-180.0M |
| Gross Margin | 18.3% |
| Operating Margin | -1.3% |
| Report Period | Q4 FY2023 |
Walgreens Boots Alliance Annual Revenue by Year
Walgreens Boots Alliance annual revenue history includes year-by-year totals (for example, 2024 revenue was $147.7B).
| Year | Annual Revenue |
|---|---|
| 2024 | $147.7B |
| 2023 | $139.1B |
| 2022 | $132.7B |
Walgreens Boots Alliance Quarterly Revenue & Net Profit History
Walgreens Boots Alliance results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $39.0B | +7.2% | $-175.0M | -0.4% |
| Q2 FY2025 | $38.6B | +4.1% | $-2.9B | -7.4% |
| Q1 FY2025 | $39.5B | +7.5% | $-265.0M | -0.7% |
| Q4 FY2024 | $37.5B | +6.0% | $-3.0B | -8.0% |
| Q3 FY2024 | $36.4B | +2.6% | $344.0M | 0.9% |
| Q2 FY2024 | $37.1B | +6.3% | $-5.9B | -15.9% |
| Q1 FY2024 | $36.7B | +10.0% | $-67.0M | -0.2% |
| Q4 FY2023 | $35.4B | +9.2% | $-180.0M | -0.5% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.42B | $36.71B | $37.05B | $36.35B | $37.55B | $39.46B | $38.59B | $38.99B |
| YoY Growth | 9.2% | 10.0% | 6.3% | 2.6% | 6.0% | 7.5% | 4.1% | 7.2% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $96.63B | $97.82B | $84.21B | $82.98B | $81.04B | $78.54B | $70.22B | $69.41B |
| Liabilities | $68.14B | $70.07B | $68.84B | $67.56B | $68.86B | $67.27B | $62.96B | $62.09B |
| Equity | $20.02B | $19.48B | $13.48B | $13.64B | $10.45B | $9.94B | $7.11B | $7.18B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.04B | $-281.0M | $-637.0M | $604.0M | $1.33B | $-140.0M | $-199.0M | $584.0M |