NYSE · Health care

British American Tobacco p.l.c. (BTI)

British American Tobacco p.l.c. reported revenue of £25.6B in fiscal 2025, down 1.0% from a year earlier. Net income was £7.8B, a net margin of 30.3%. Operating cash flow minus capital spending left £5.8B of free cash flow in fiscal 2025. At December 31, 2025 it held £3.8B in cash against £35.1B of debt.

Price

$55.63

-0.70% on the day · September 25, 2026

52-week range $49.88 to $67.30

Market cap

$120.6B

Revenue (FY2025)

£25.6B

-1.0% year on year

Net margin

30.3%

What British American Tobacco p.l.c. does

British American Tobacco manufactures and sells tobacco and nicotine products across global markets. Its product portfolio includes traditional cigarettes, cigars, vapor and e-cigarette devices, heated tobacco systems, and oral nicotine pouches sold through wholesale and retail distribution channels. Its shares trade on NYSE under the ticker BTI.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in GBP.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	£25.6B	£10B	£7.8B	£3.49	£5.8B
2024	£25.9B	£2.7B	£3.1B	£1.36	£9.6B
2023	£27.3B	-£15.8B	-£14.4B	-£6.47	£10.3B
2022	£27.7B	£10.5B	£6.7B	£2.92	£9.9B
2021	£25.7B	£10.2B	£6.8B	£2.96	£9.2B
2020	£25.8B	£10B	£6.4B	£2.79	£9.3B

Full financial statements: income, balance sheet and cash flow

Where BTI ranks in Health care

Revenue growth-1.0%

#379 of 474 in Health care · Bottom 20%

Net margin30.3%

#28 of 485 in Health care · Top 6%

Free cash flow margin22.6%

#43 of 440 in Health care · Top 10%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Dividends

It paid out £5B in cash dividends, 74% of its net income.

Fiscal year	Per share	Paid out	Of profit
2021	n/a	£5B	74%
2020	n/a	£4.9B	77%
2009	n/a	£114M	n/a
2008	n/a	£375M	n/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What British American Tobacco p.l.c. has filed recently, newest first. Each links to the original document on SEC EDGAR.

September 9, 2026
Foreign issuer update 6-K
September 8, 2026
Delisting notice 25-NSE
September 3, 2026
Foreign issuer update 6-K
September 2, 2026
Foreign issuer update 6-K
September 1, 2026
Foreign issuer update 6-K
August 28, 2026
Foreign issuer update 6-K
August 26, 2026
Foreign issuer update 6-K
August 20, 2026
Foreign issuer update 6-K
August 18, 2026
Foreign issuer update 6-K
August 6, 2026
Foreign issuer update 6-K

Recent insider filings (Forms 3, 4 and 144): 2, the latest on May 29, 2026. Insider transactions on SEC

Insider trades

What the people running British American Tobacco p.l.c. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)

last 90 days

Sold

last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns BTI

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
Capital Research Global Investors13G, passive	8.8%	192,380,424	August 13, 2025
Capital International Investors13G, passive	6.3%	136,662,623	May 14, 2026
Fmr LLC13G, passive with 1 related filers	5.7%	123,159,169	May 6, 2026

Latest filings below 5%: Portfolio Services Ltd. 2.8% (October 16, 2025); Standard Bank of South Africa Ltd 0.2% (September 3, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

We have not read this company's Form 4 filings yet.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about BTI

What does British American Tobacco p.l.c. do?

Is British American Tobacco p.l.c. profitable?

Yes. In fiscal 2025 it reported net income of £7.8B on revenue of £25.6B, a net margin of 30.3%.

How much revenue does British American Tobacco p.l.c. make?

In fiscal 2025 British American Tobacco p.l.c. reported revenue of £25.6B. That is 1.0% less than a year earlier.

When did British American Tobacco p.l.c. last report?

Its newest filing of any kind is the foreign issuer update from September 9, 2026.

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Compare BTI with

Compare BTI with any company

Follow BTI

Get an email when British American Tobacco p.l.c. files with the SEC: results, executive changes, material agreements and annual reports.

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Where the numbers come from

Financial figures are the values British American Tobacco p.l.c. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.