Filing Flows › Smith & Nephew (SNN) › How it makes money
How Smith & Nephew (SNN) makes money
Smith & Nephew (SNN) made $3.1B of revenue in the H1 2026 (H1 2026), +5% from a year earlier. Of every dollar of revenue, 71¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | H1 2026 | % of revenue |
|---|---|---|
| Revenue | $3.1B | 100.0% |
| Cost of revenue | $901M | 29.1% |
| Gross profit | $2.2B | 70.9% |
| Operating expenses | $1.7B | 56.4% |
| Operating profit | $448M | 14.5% |
| Income tax | $77.0M | 2.5% |
| Net earnings | $303M | 9.8% |
| Operating cash flow | $450M | 14.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| H1 2026 | $3.1B | +5% |
From Smith & Nephew's 6-K filed Aug 14, 2026 (on EDGAR).
Questions
How does Smith & Nephew make money?
Smith & Nephew (SNN) made $3.1B of revenue in the H1 2026 (H1 2026), +5% from a year earlier. Of every dollar of revenue, 71¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
What is Smith & Nephew's profit margin?
Net earnings were $303M, 9.8% of revenue, in the H1 2026; the operating margin was 14.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.