Diageo (ADR)
Builds and distributes an international portfolio of spirits, beer, and non-alcoholic drinks.
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Profile
Sells spirits, beer, and non-alcoholic drinks through brands including Johnnie Walker, Guinness, Don Julio, and Tanqueray. A broad international footprint is managed mainly by geography, while premiumization, distributor inventory, alcohol regulation, and agricultural inputs shape performance.
Produces and markets spirits, beer, and non-alcoholic drinks across North America, Europe, Asia Pacific, Latin America and the Caribbean, and Africa. Johnnie Walker, Guinness, Smirnoff, Baileys, Captain Morgan, Crown Royal, Don Julio, Casamigos, and Tanqueray anchor a portfolio sold across more than 180 countries.
Builds category breadth through established global brands, premium tequila and whisky, and newer non-alcoholic offerings such as Guinness 0.0, Seedlip, and Ritual Zero Proof. Management reports the business mainly by geography, while acquisitions, selective disposals, licensing, and distributor relationships reshape local ownership and routes to market.
Execution rests on brand stewardship, consumer demand, responsible marketing, and reliable distributor inventory. Alcohol regulation, tariffs, disposable income, agricultural inputs, water availability, and regional demand shape sales and operations.
Company facts
Categories
Key statistics
Year to date +6.7% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 26, 2026 | TD Cowen | Upgrade | Hold | Buy | ||
| Jun 25, 2026 | Cowen & Co. | Upgrade | Hold | Buy | ||
| Jun 18, 2026 | Loop Capital Markets | Target | $99 | |||
| Mar 31, 2026 | Deutsche Bank | Upgrade | Hold | Buy | ||
| Mar 25, 2026 | Exane BNP Paribas | Upgrade | Underperform | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q4 FY26 | $2.55 | $2.80 | +9.8% | $4.81B | $9.18B | +90.9% | +4.94% |
| Feb 25, 2026Q2 FY26 | $3.67 | $3.80 | +3.5% | $4.31B | $10.46B | +142.7% | −0.73% |
| Aug 5, 2025Q4 FY25 | $2.48 | $0.76 | −69.4% | $9.37B | $9.42B | +0.6% | +5.18% |
| Dec 31, 2024 | $4.25 | $3.47 | −18.4% | $10.75B | $10.90B | +1.4% | −0.79% |
Financial highlights
| 12 quarters | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $10.96B | $9.31B | $10.90B | $9.42B | $10.41B | $9.18B | |
| Gross profit | $6.72B | $5.48B | $6.74B | $5.48B | $6.35B | $5.30B | |
| Operating income | $3.32B | $2.68B | $3.16B | $2.17B | $3.24B | $2.31B | |
| Net income | $2.21B | $1.66B | $1.94B | $422.6M | $1.98B | −$258.0M | |
| Diluted EPS | $3.96 | $3.00 | $3.48 | $0.76 | $3.56 | −$0.44 | |
| Gross margin | 61.3% | 58.8% | 61.8% | 58.2% | 61.0% | 57.7% | |
| Operating margin | 30.3% | 28.8% | 28.9% | 23.0% | 31.1% | 25.2% |
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $2.02B · Total debt $22.20B · Total assets $46.85B · Shareholders' equity $10.87B
Dividends
Raised for 3 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 17, 2026 | Apr 17 | Jun 4 | $0.80 | cut from $2.5192 |
| Oct 17, 2025 | Oct 17 | Dec 4 | $2.5192 | raised from $1.62 |
| Feb 28, 2025 | Feb 28 | Apr 24 | $1.62 | cut from $2.5192 |
| Aug 30, 2024 | Aug 30 | Oct 17 | $2.5192 | raised from $1.62 |
| Feb 29, 2024 | Mar 1 | Apr 17 | $1.62 | cut from $2.5089 split-adjusted |
| Aug 24, 2023 | Aug 25 | Oct 17 | $2.3928 | raised from $1.5287 split-adjusted |
| Mar 2, 2023 | Mar 3 | Apr 18 | $1.5422 | cut from $2.2775 |
| Aug 25, 2022 | Aug 26 | Oct 25 | $2.2775 | raised from $1.561 |
Ownership
Shares outstanding 555.90M · Float 555.85M · 100.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 7.58M | 1.36% | 13F | Aug 13, 2026 |
| Orbis Allan Gray Ltd | 4.78M | 0.86% | 13F | Aug 14, 2026 |
| Bank of America Corp /DE/ | 2.92M | 0.52% | 13F | Aug 14, 2026 |
| Equity Investment Corp | 1.67M | 0.30% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 1.64M | 0.30% | 13F | Aug 11, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Anheuser-Busch InBev (ADR)
Global beer scale challenges Guinness across premium and alcohol-free occasions
- Constellation Brands
U.S. high-end beer leadership plus selective tequila and whiskey overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Diageo (ADR) | $92.99 | +0.05% | $51.69B | 29.5 | — | 2.6 | −2.6% |
| Anheuser-Busch InBev (ADR) | $80.25 | +0.12% | $157.81B | 13.5 | — | 2.0 | — |
| Constellation Brands | $130.80 | +0.08% | $22.32B | 12.5 | 11.0 | 2.5 | −3.3% |
| Median | 13.0 | 11.0 | 2.2 | −3.3% |