adidas AG
Closing price on Nov 11, 2026 · Source: Yahoo Finance
- Open
- €178.10
- Day range
- 177.35 – €179.30
- 52-week range
- 129.95 – €188.80
- Volume
- 71,080
- Market cap
- €30,059M
- P/E (TTM)
- 19.2x
- EPS (TTM)
- €9.26
- EPS est. 2026
- €9.57
- P/E est. 2026
- 18.6x
- Dividend yield
- 1.6%
- Beta
- 1.13
- Payout
- 30%
Analyst summary
Generated with AI · Nov 11, 2026, 13:56adidas AG designs and sells sportswear, footwear and accessories through wholesale, retail and e-commerce channels across several global markets. Q3 2026 showed stronger trading, with revenue up +9.4% year on year and net income up +53.1%. The shares trade at €177.80, or 19.2x trailing earnings. Analyst sentiment is positive: 24 of 32 analysts rate the stock Buy, with a median price target of €197.00, although the target range includes downside as well as substantial upside.
- 1Q3 2026 revenue rose +9.4% year on year to €7,252M.
- 2Net income increased +53.1% to €706M, with a 9.7% net margin.
- 3The €197.00 median analyst target implies +10.8% upside from €177.80.
Adidas financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | €7,252M | +9.4% |
| Net income | €706M | +53.1% |
| Earnings per share | €4.08 | +49.6% |
| Net margin | 9.7% | +2.8 pp |
| Free cash flow | n/a | n/a |
| Debt / equity | 0.96 | +0.4% |
Revenue and net income (€M)
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | €6,630M | €461M |
| Q4 2025 | €6,076M | €81M |
| Q1 2026 | €6,592M | €482M |
| Q2 2026 | €6,743M | €355M |
| Q3 2026 | €7,252M | €706M |
Adidas earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 9 | €0.7840.55 – 0.96 | +86.9%€0.420 |
| Next quarterQ1 2027 · Analysts: 6 | €3.3273.15 – 3.47 | +23.1%€2.703 |
| Current year2026 · Analysts: 25 | €9.5718.83 – 9.98 | +28.3%€7.460 |
| Next year2027 · Analysts: 27 | €11.72710.99 – 12.82 | +22.5%€9.571 |
Forward P/E: 18.6x (2026) and 15.2x (2027) at the current price.
Actual and estimated EPS (€)
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | €2.727 | — |
| Q4 2025 | €0.420 | €0.637 |
| Q1 2026 | €2.703 | €2.594 |
| Q2 2026 | €2.100 | €2.363 |
| Q3 2026 | €4.060 | €3.838 |
| Q4 2026 | — | €0.784 |
| Q1 2027 | — | €3.327 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €3.340 | — |
| 2023 | −€0.420 | — |
| 2024 | €4.280 | — |
| 2025 | €7.510 | — |
| 2026 | — | €9.571 |
| 2027 | — | €11.727 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | €3.327 | +23.1% |
| Q4 2026Estimated | €0.784 | +86.9% |
| Q3 2026 | €4.060est. €3.838 · surprise +5.8% | +48.9% |
| Q2 2026 | €2.100est. €2.363 · surprise −11.1% | n/a |
| Q1 2026 | €2.703est. €2.594 · surprise +4.2% | n/a |
| Q4 2025 | €0.420est. €0.637 · surprise −34.1% | n/a |
| Q3 2025 | €2.727 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €11.727 | +22.5% |
| 2026Estimated | €9.571 | +27.4% |
| 2025 | €7.510 | +75.5% |
| 2024 | €4.280 | n/s |
| 2023 | −€0.420 | −112.6% |
| 2022 | €3.340 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Adidas dividend
Yield and payments
| Dividend yield (TTM) | 1.6% |
| Forward yield (next 12m) | 1.6% |
| Dividend per share (TTM) | €2.80 |
| Forward dividend (next 12m) | €2.80 |
| Payout (TTM) | 30% |
| Last dividend | €2.80May 8, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year (€)
| Year | Dividend per share |
|---|---|
| 2019 | €3.35 |
| 2020 | €0.00 |
| 2021 | €3.00 |
| 2022 | €3.30 |
| 2023 | €0.70 |
| 2024 | €0.70 |
| 2025 | €2.00 |
| est. 12m | €2.80 |
Adidas forecasts
32 analyst ratings
Consensus: Buy · 24 buy, 7 hold, 1 sell
1-year price forecast
| Target | Price | Upside |
|---|---|---|
| High | €245.00 | +37.8% |
| Median | €197.00 | +10.8% |
| Low | €156.00 | −12.3% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €160.40 |
| Dec 30, 2025 | €169.05 |
| Jan 30, 2026 | €149.15 |
| Feb 27, 2026 | €158.20 |
| Mar 31, 2026 | €136.65 |
| Apr 30, 2026 | €147.40 |
| May 29, 2026 | €166.60 |
| Jun 30, 2026 | €179.40 |
| Jul 31, 2026 | €159.40 |
| Aug 31, 2026 | €151.40 |
| Sep 30, 2026 | €145.30 |
| Oct 30, 2026 | €168.55 |
| Nov 11, 2026 | €177.80 |
Adidas peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| ADS.DE | Adidas | 30,059 | 19.2x | 177.80 | −0.31% | 129.95188.80 |
| NKE | Nike | 57,437 | 18.6x | 38.67 $ | −3.03% | 31.9769.14 |
| DECK | Deckers Brands | 11,985 | 11.9x | 89.79 $ | −0.71% | 77.20122.29 |
| MC.PA | LVMH | 197,037 | 18.2x | 401.60 | +0.15% | 375.65654.70 |
| ITX.MC | Inditex | 186,091 | 29.0x | 59.74 | −0.67% | 46.1160.74 |
| RMS.PA | Hermès | 141,707 | 31.3x | 1,353.00 | +0.56% | 1,228.002,300.00 |
Stocks quoted in another currency are shown in their trading currency.
Risks, catalysts and conclusion
Generated with AI · Nov 11, 2026, 13:56Risks
- Intense competition in athletic footwear and apparel could constrain pricing, margins and market share.
- Weakness in key markets such as Greater China could weigh on demand across adidas's global business.
- If forecast EPS growth fails to materialise, the current 19.2x trailing P/E may become harder to support.
Catalysts
- Delivery of the forecast EPS growth to €9.571 in 2026 and €11.727 in 2027 could reinforce earnings momentum.
- Further revenue growth across wholesale, retail and e-commerce channels could support broader sales expansion.
- Continued improvement in net margin from 9.7% could strengthen profit growth relative to revenue.
Conclusion
Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 13:56.
This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.
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