adidas AG annual net debt
2021
2022
2023
2024
2025
adidas AG Net Debt Growth & History (ADS)
adidas AG's net debt was €3.94B for fiscal 2025.
View full adidas AG company overviewadidas AG annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €3.94B | €805.0M | +25.70% |
| 2024 | 2024-12-31 | €3.13B | −€1.00B | −24.20% |
| 2023 | 2023-12-31 | €4.13B | −€1.53B | −27.01% |
| 2022 | 2022-12-31 | €5.66B | €4.16B | +276.65% |
| 2021 | 2021-12-31 | €1.50B | — | — |
adidas AG quarterly net debt
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €4.82B | €111.0M | +2.36% |
| Q1 2026 | 2026-03-31 | €5.08B | — | — |
| Q4 2025 | 2025-12-31 | €4.23B | — | — |
| Q3 2025 | 2025-09-30 | €4.40B | — | — |
| Q2 2025 | 2025-06-30 | €4.71B | — | — |
adidas AG net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, adidas AG's net debt increased from €1.50B to €3.94B, a change of €2.43B. The latest reported quarter, Q2 2026, shows €4.82B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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