# British American Tobacco p.l.c.: overview

BTI · NYSE · CIK 1303523 · [Consumer staples](/sectors/consumer-staples.md)

Pages: [Overview](/companies/bti.md) · [Financials](/companies/bti/financials.md) · [Filings](/companies/bti/filings.md) · [Insiders](/companies/bti/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [25.7](/filings/0001303523-24-000024.md) | [27.7](/filings/0001303523-25-000021.md) | [27.3](/filings/0001303523-26-000017.md) | [25.9](/filings/0001303523-26-000017.md) | [25.6](/filings/0001303523-26-000017.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [39.8%](/filings/0001303523-24-000024.md) | [38.1%](/filings/0001303523-25-000021.md) | [(57.7%)](/filings/0001303523-26-000017.md) | [10.6%](/filings/0001303523-26-000017.md) | [39.0%](/filings/0001303523-26-000017.md) |
| Net margin | % | [26.5%](/filings/0001303523-24-000024.md) | [24.1%](/filings/0001303523-25-000021.md) | [(52.7%)](/filings/0001303523-26-000017.md) | [11.9%](/filings/0001303523-26-000017.md) | [30.3%](/filings/0001303523-26-000017.md) |
| Diluted EPS | $ per share | [2.96](/filings/0001303523-24-000024.md) | [2.92](/filings/0001303523-25-000021.md) | [(6.47)](/filings/0001303523-26-000017.md) | [1.36](/filings/0001303523-26-000017.md) | [3.49](/filings/0001303523-26-000017.md) |
| Free cash flow | $bn | [9.2](/filings/0001303523-24-000024.md) | [9.9](/filings/0001303523-25-000021.md) | [10.3](/filings/0001303523-26-000017.md) | [9.6](/filings/0001303523-26-000017.md) | [5.8](/filings/0001303523-26-000017.md) |

- Revenue. XBRL Revenue: ifrs-full:Revenue.
- Gross margin (gross profit / revenue). XBRL Revenue: ifrs-full:Revenue.
- Operating margin (operating income / revenue). XBRL Operating income: ifrs-full:ProfitLossFromOperatingActivities; Revenue: ifrs-full:Revenue.
- Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLossAttributableToOwnersOfParent; Revenue: ifrs-full:Revenue.
- Diluted EPS. XBRL Diluted EPS: ifrs-full:DilutedEarningsLossPerShare.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities; Capital expenditure: ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bti/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $3.04bn | 49,134,401 |  | Added +318,831 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $2.73bn | 44,158,315 |  | Added +7,470,096 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $1.87bn | 30,330,845 |  | Reduced −632,056 |
| [GQG Partners LLC](/funds/1697233.md) | 2026-06-30 | $1.52bn | 24,566,708 |  | Reduced −3,116,626 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.25bn | 20,161,366 |  | Added +1,014,670 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $650.6m | 10,534,980 |  | Added +798,137 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $601.7m | 9,737,992 |  | Added +49,687 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $476.0m | 7,707,052 |  | Added +2,508,031 |
| [Orbis Allan Gray Ltd](/funds/1663865.md) | 2026-06-30 | $456.1m | 7,385,374 |  | Reduced −320,594 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $338.2m | 5,390,955 |  | Reduced −425,025 |

## Recent filings

[All 1,310 filings](/companies/bti/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-28 | 07:34 ET | [6-K](/filings/0000950157-26-001127.md) | Report of a foreign private issuer, period 2026-10-28 | 0000950157-26-001127 |
| 2026-10-23 | 13:08 ET | [6-K](/filings/0000950157-26-001116.md) | Report of a foreign private issuer, period 2026-10-23 | 0000950157-26-001116 |
| 2026-10-20 | 10:08 ET | [6-K](/filings/0000950157-26-001112.md) | Report of a foreign private issuer, period 2026-10-20 | 0000950157-26-001112 |
| 2026-10-15 | 11:28 ET | [6-K](/filings/0000950157-26-001103.md) | Report of a foreign private issuer, period 2026-10-15 | 0000950157-26-001103 |
| 2026-10-09 | 11:56 ET | [6-K](/filings/0000950157-26-001087.md) | Report of a foreign private issuer, period 2026-10-09 | 0000950157-26-001087 |
| 2026-10-07 | 13:47 ET | [6-K](/filings/0000950157-26-001079.md) | Report of a foreign private issuer, period 2026-10-07 | 0000950157-26-001079 |
| 2026-10-02 | 11:08 ET | [6-K](/filings/0000950157-26-001060.md) | Report of a foreign private issuer, period 2026-10-02 | 0000950157-26-001060 |
| 2026-10-01 | 14:49 ET | [6-K](/filings/0000950157-26-001055.md) | Report of a foreign private issuer, period 2026-10-01 | 0000950157-26-001055 |
| 2026-09-29 | 09:48 ET | [6-K](/filings/0000950157-26-001047.md) | Report of a foreign private issuer, period 2026-09-29 | 0000950157-26-001047 |
| 2026-09-09 | 12:00 ET | [6-K](/filings/0000950157-26-000991.md) | Report of a foreign private issuer, period 2026-09-09 | 0000950157-26-000991 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001303523-26-000017.md), filed Feb 13, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1303523
- Tickers: BTI, BTAFF
- Exchange: NYSE
- SIC code: 2111 Cigarettes
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 28, 2026, 07:35 ET. No prices; not investment advice.
