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Kenvue Inc. (KVUE) Annual Reports

Q: Where can I read Kenvue Inc. (KVUE) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

Kenvue Inc. is listed on NYSE, classified by the SEC under Perfumes, Cosmetics & Other Toilet Preparations (SIC 2844). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 01/03
SEC CIK： 1944048 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-28)
	Current	Prior year	YoY
Revenue	$4.0B	$3.8B	+3.0%
Operating income	$699.0M	$692.0M	+1.0%
Net income	$456.0M	$420.0M	+8.6%
EPS (diluted)	$0.24	$0.22	+9.1%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In bn (USD)

Revenue 3.96 bn Net income 0.46 bn

Show table：Income statement

Item	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	15.1	3.59	3.80	3.79	3.77	3.85	4.01	3.92	3.67	3.89	4.00	3.90	3.66	3.74	3.84	3.76	3.78	3.91	3.96
Gross profit	8.42	1.96	2.16	2.13	2.05	2.13	2.23	2.25	2.04	2.24	2.37	2.28	2.07	2.17	2.26	2.23	2.14	2.30	2.30
Operating income	2.92	0.61	0.77	0.76	0.53	0.64	0.7	0.71	0.46	0.55	0.15	0.65	0.48	0.56	0.69	0.63	0.54	0.77	0.7
Net income	2.08	0.53	0.6	0.59	0.36	0.33	0.43	0.44	0.33	0.3	0.06	0.38	0.29	0.32	0.42	0.4	0.33	0.47	0.46

Balance sheet

Quarterly · In bn (USD)

Total assets 26.7 bn Total liabilities 16.2 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	—	5.88	6.44	6.22	5.89	6.14	6.10	5.88	5.94	5.53	5.71	5.85	6.03	5.70	5.80	5.90
Total assets	—	—	—	—	27.3	35.6	27.5	27.1	27.9	27.3	26.4	26.9	25.6	26.3	27.1	27.3	27.1	26.9	26.7
Current liabilities	—	—	—	—	3.93	4.21	5.30	5.16	5.48	6.17	5.94	5.95	5.74	6.67	5.99	6.16	5.95	5.90	5.87
Total liabilities	—	—	—	—	7.30	15.3	16.5	16.2	16.6	16.7	16.3	16.3	15.9	16.2	16.4	16.6	16.3	16.3	16.2
Equity	20.4	20.5	19.6	18.9	20.0	20.3	11.0	10.9	11.2	10.6	10.2	10.6	9.67	10.1	10.7	10.6	10.8	10.6	10.6

Cash flow

Quarterly · In bn (USD)

Operating 0.69 bn Investing -0.08 bn Financing -0.59 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	0.33	0.34	0.81	0.74	0.64	0.8	0.74	0.67	0.95	0.29	0.44	0.25	0.79	0.43	0.62	0.29	0.85	0.49	0.69
Investing	-0.17	-0.04	-0.07	-0.11	-0.17	-0.04	-0.08	-0.1	-0.26	-0.15	-0.08	-0.06	-0.13	-0.17	-0.09	-0.1	-0.07	-0.17	-0.08
Financing	0	-0.21	-0.67	-0.63	-0.06	7.39	-8.81	-0.73	-0.38	-0.33	-0.49	-0.16	-0.59	-0.31	-0.55	-0.11	-0.87	-0.29	-0.59
Cash at period end	0.74	0.83	0.84	0.8	1.23	1.69	1.23	1.06	1.38	1.16	1.01	1.06	1.07	1.06	1.07	1.14	1.06	1.08	1.11

Profitability

Quarterly · %

Gross margin 58.2% Operating margin 17.7% Net margin 11.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	55.9%	54.5%	56.7%	56.1%	54.3%	55.2%	55.5%	57.5%	55.7%	57.6%	59.1%	58.5%	56.5%	58.0%	58.9%	59.1%	56.5%	58.9%	58.2%
Operating margin	19.4%	17.0%	20.2%	20.1%	14.1%	16.6%	17.5%	18.1%	12.6%	14.1%	3.9%	16.8%	13.2%	14.9%	18.0%	16.7%	14.2%	19.6%	17.7%
Net margin	13.8%	14.7%	15.9%	15.5%	9.6%	8.6%	10.7%	11.2%	8.9%	7.6%	1.4%	9.8%	8.0%	8.6%	10.9%	10.6%	8.7%	12.1%	11.5%

Returns & leverage

Quarterly · %

ROE 15.6% ROA 6.2% Debt ratio 60.5%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	20.1%	10.3%	9.2%	11.1%	10.5%	9.8%	9.7%	10.6%	9.9%	9.9%	10.2%	13.6%	13.5%	14.4%	15.7%	15.6%
ROA	—	—	—	—	7.6%	5.3%	6.2%	5.8%	5.5%	4.7%	4.2%	3.9%	3.9%	3.9%	5.3%	5.3%	5.6%	6.1%	6.2%
Debt ratio	—	—	—	—	26.7%	43.0%	59.9%	59.8%	59.8%	61.1%	61.5%	60.5%	62.2%	61.7%	60.5%	61.0%	60.2%	60.5%	60.5%

EPS

Quarterly · US$

EPS US$0.24

Show table：EPS

Item	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	1.21	0.31	0.35	0.34	0.21	0.19	0.23	0.23	0.17	0.15	0.03	0.20	0.16	0.17	0.22	0.21	0.17	0.25	0.24

Revenue & profit

Year-to-date · In bn (USD)

Revenue 7.86 bn Net income 0.93 bn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In bn (USD)

Total assets 26.7 bn Total liabilities 16.2 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In bn (USD)

Operating 1.18 bn Investing -0.24 bn Financing -0.88 bn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 58.5% Operating margin 18.6% Net margin 11.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 15.6% ROA 6.2% Debt ratio 60.5%

EPS

Year-to-date · US$

EPS US$0.49

Revenue & profit

Annual · In bn (USD)

Revenue 15.1 bn Net income 1.47 bn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2023	2024	2025
Revenue	30.4	15.5	15.1
Gross profit	16.9	8.96	8.79
Operating income	5.19	1.84	2.41
Net income	3.60	1.03	1.47

Balance sheet

Annual · In bn (USD)

Total assets 27.1 bn Total liabilities 16.3 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2023	2024	2025
Current assets	5.88	5.53	5.70
Total assets	27.3	25.6	27.1
Current liabilities	3.93	5.74	5.95
Total liabilities	7.30	15.9	16.3
Equity	20.0	9.67	10.8

Cash flow

Annual · In bn (USD)

Operating 2.20 bn Investing -0.44 bn Financing -1.84 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2023	2024	2025
Operating	5.69	1.77	2.20
Investing	-0.88	-0.42	-0.44
Financing	-4.11	-1.56	-1.84
Cash at period end	1.23	1.07	1.06

Profitability

Annual · %

Gross margin 58.1% Operating margin 16.0% Net margin 9.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2023	2024	2025
Gross margin	55.7%	58.0%	58.1%
Operating margin	17.1%	11.9%	16.0%
Net margin	11.9%	6.7%	9.7%

Returns & leverage

Annual · %

ROE 14.4% ROA 5.6% Debt ratio 60.2%

Show table：Returns & leverage

Item	2023	2024	2025
ROE	18.0%	6.9%	14.4%
ROA	13.2%	3.9%	5.6%
Debt ratio	26.7%	62.2%	60.2%

EPS

Annual · US$

EPS US$0.77

Show table：EPS

Item	2023	2024	2025
EPS（US$）	2.03	0.54	0.77

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read Kenvue Inc. (KVUE) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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