What is Liberty Global's operating income?

Liberty Global's total operating income in 2025 was -$23.30 million, based on the following breakdown: Total Gross Profit: $3.21 billion Total Operating Expenses: $3.23 billion

Liberty Global (LBTYB) Financials

$12.10 0.00 (0.00%)

Closing price 03:57 PM Eastern

Extended Trading

$11.32 -0.78 (-6.45%)

As of 04:07 PM Eastern

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Annual Income Statements for Liberty Global

This table shows Liberty Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-1,153	1,705	-2,778	725	11,521	-1,628	13,427	1,473	-4,052	1,588	-7,138
Consolidated Net Income / (Loss)	-1,153	1,705	-2,778	850	11,638	-1,467	13,610	1,986	-3,874	1,646	-7,097
Net Income / (Loss) Continuing Operations	-1,101	1,650	-2,350	-1,412	-1,476	-1,525	13,528	772	-3,659	1,869	-7,097
Total Pre-Tax Income	-777	243	-2,111	162	-1,242	-1,801	14,001	1,178	-3,446	1,838	-7,173
Total Operating Income	2,101	1,570	792	839	660	2,031	1,320	110	-314	-60	-23
Total Gross Profit	13,296	10,232	8,303	8,712	7,985	8,225	7,294	2,951	2,830	2,891	3,208
Total Revenue	17,063	13,731	11,276	11,958	11,116	11,545	10,311	4,018	4,116	4,342	4,879
Operating Revenue	17,063	13,731	11,276	11,958	11,116	11,545	10,311	4,018	4,116	4,342	4,879
Total Cost of Revenue	3,766	3,499	2,974	3,246	3,131	3,321	3,018	1,066	1,286	1,451	1,671
Operating Cost of Revenue	3,766	3,499	2,974	3,246	3,131	3,321	3,018	1,066	1,286	1,451	1,671
Total Operating Expenses	11,195	8,662	7,510	7,873	7,325	6,194	5,973	2,841	3,144	2,951	3,231
Selling, General & Admin Expense	5,436	4,419	3,640	3,766	3,623	3,869	3,639	1,685	1,885	1,900	2,102
Depreciation Expense	5,609	4,118	3,791	3,858	3,546	2,227	2,354	1,094	1,216	1,002	1,039
Restructuring Charge	150	125	80	248	155	97	-19	62	43	50	90
Total Other Income / (Expense), net	-2,878	-1,327	-2,904	-677	-1,902	-3,832	12,681	1,069	-3,132	1,898	-7,149
Interest Expense	2,672	2,100	1,668	1,544	1,601	1,420	973	301	506	575	518
Interest & Investment Income	-54	-112	-95	-8.70	-199	-245	10,926	-1,268	-2,018	37	-3,187
Other Income / (Expense), net	-152	885	-1,140	875	-102	-2,167	2,727	2,638	-607	2,436	-3,445
Income Tax Expense	324	-1,407	239	1,573	234	-276	473	407	213	-31	-76
Net Income / (Loss) Discontinued Operations	52	117	-371	2,262	13,114	58	83	1,215	-215	-223	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	125	117	161	183	513	178	58	41
Basic Earnings per Share	($0.19)	$1.83	($2.86)	($1.97)	$14.06	($2.70)	$24.16	$3.01	($9.52)	$4.33	($20.86)
Weighted Average Basic Shares Outstanding	1.02B	1.07B	847.89M	778.68M	705.79M	602.08M	522.87M	456.14M	377.55M	348.75M	335.03M
Diluted Earnings per Share	$0.00	$1.81	($2.86)	($1.97)	$14.06	($2.70)	$23.59	$2.96	($9.52)	$4.23	($20.86)
Weighted Average Diluted Shares Outstanding	1.02B	1.07B	847.89M	778.68M	705.79M	602.08M	522.87M	456.14M	377.55M	348.75M	335.03M
Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.07B	847.89M	778.68M	705.79M	602.08M	522.87M	456.14M	377.55M	348.75M	335.03M

This table shows Liberty Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-3,490	510	268	-1,434	2,244	-1,337	-2,793	-91	-2,917	338	-365
Consolidated Net Income / (Loss)	-3,472	527	275	-1,411	2,255	-1,323	-2,774	-83	-2,916	358	-358
Net Income / (Loss) Continuing Operations	-3,257	635	324	-1,424	2,478	-1,323	-2,774	-83	-2,916	358	-358
Total Pre-Tax Income	-3,214	677	352	-1,435	2,359	-1,393	-2,773	-130	-2,876	534	-335
Total Operating Income	-275	-12	-33	33	-203	61	30	-8.00	-106	24	3.00
Total Gross Profit	-1,000	697	722	749	-1,010	768	804	814	822	848	797
Total Revenue	-1,455	1,091	1,058	1,070	-1,412	1,171	1,269	1,207	1,231	1,275	1,172
Operating Revenue	-1,455	1,091	1,058	1,070	-1,412	1,171	1,269	1,207	1,231	1,275	1,172
Total Cost of Revenue	-455	395	336	320	-403	403	465	393	409	427	375
Operating Cost of Revenue	-455	395	336	320	-403	403	465	393	409	427	375
Total Operating Expenses	-725	709	755	716	-806	707	774	822	928	824	794
Selling, General & Admin Expense	-296	453	467	465	-294	477	518	524	584	519	516
Depreciation Expense	-465	223	283	245	-511	232	251	276	280	265	263
Restructuring Charge	36	34	4.50	6.00	-2.10	-1.70	5.50	22	64	41	16
Total Other Income / (Expense), net	-2,939	690	385	-1,468	2,562	-1,454	-2,803	-122	-2,770	510	-338
Interest Expense	-151	146	144	144	-182	128	130	135	117	114	116
Interest & Investment Income	-1,677	-7.00	218	-133	-39	-148	-265	-43	-2,731	-22	-290
Other Income / (Expense), net	-1,413	842	311	-1,191	2,419	-1,179	-2,408	56	78	645	68
Income Tax Expense	43	43	28	-11	-119	-70	0.90	-47	40	175	23
Net Income / (Loss) Attributable to Noncontrolling Interest	18	17	7.10	23	11	14	19	7.30	1.00	20	7.30
Basic Earnings per Share	($8.38)	$1.35	$0.72	($3.95)	$6.21	($3.84)	($8.09)	($0.27)	($8.66)	$1.01	($1.07)
Weighted Average Basic Shares Outstanding	377.55M	372.72M	365.44M	357.54M	348.75M	345.58M	340.73M	336.78M	335.03M	338.10M	341.09M
Weighted Average Diluted Shares Outstanding	377.55M	372.72M	365.44M	357.54M	348.75M	345.58M	340.73M	336.78M	335.03M	338.10M	341.09M
Weighted Average Basic & Diluted Shares Outstanding	377.55M	372.72M	365.44M	357.54M	348.75M	345.58M	340.73M	336.78M	335.03M	338.10M	341.09M

This table details how cash moves in and out of Liberty Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-353	-272	1,165	-367	13,366	-3,264	-3,699	141	-4.90	-804	265
Net Cash From Operating Activities	5,733	5,941	5,708	5,963	4,585	4,186	3,549	2,838	2,166	2,033	1,211
Net Cash From Continuing Operating Activities	5,422	3,874	3,443	3,985	3,526	4,017	3,364	1,900	1,199	1,331	1,211
Net Income / (Loss) Continuing Operations	-1,101	1,650	-2,350	-1,412	-1,476	-1,525	13,528	772	-3,659	1,869	-7,097
Consolidated Net Income / (Loss)	-1,050	1,767	-2,721	850	11,638	-1,467	13,610	1,986	-3,874	1,646	-7,097
Net Income / (Loss) Discontinued Operations	52	117	-371	2,262	13,114	58	83	1,215	-215	-223	0.00
Depreciation Expense	5,609	4,118	3,791	3,858	3,546	2,227	2,354	1,094	1,216	1,002	1,039
Amortization Expense	77	70	61	56	54	45	32	25	60	65	50
Non-Cash Adjustments To Reconcile Net Income	1,119	17	2,080	-51	1,256	3,416	-12,702	-322	3,626	-1,659	7,325
Changes in Operating Assets and Liabilities, net	-281	-1,981	-139	1,533	146	-146	153	331	-44	54	-106
Net Cash From Discontinued Operating Activities	310	2,067	2,265	1,978	1,059	169	185	938	967	702	0.00
Net Cash From Investing Activities	-3,829	-7,043	-561	87	9,275	-8,874	-5,797	1,281	-1,845	685	-875
Net Cash From Continuing Investing Activities	-3,429	-6,000	781	602	9,615	-8,817	-5,746	1,713	-1,280	1,146	-875
Purchase of Property, Plant & Equipment	-2,272	-1,540	-1,250	-1,453	-1,168	-1,293	-1,408	-891	-922	-909	-1,343
Acquisitions	-113	-1,393	-414	-83	-318	-5,163	144	0.00	0.00	-199	0.00
Purchase of Investments	-999	-140	-118	-89	-256	-8,241	-7,262	-9,397	-8,131	-2,877	-599
Divestitures	-	0.00	0.00	2,058	11,203	0.00	109	1,553	0.00	412	0.00
Sale and/or Maturity of Investments	0.00	147	1,569	36	0.00	6,281	6,171	9,691	7,804	4,734	1,023
Other Investing Activities, net	-45	-3,074	994	131	155	-153	-3,499	-23	-31	-16	44
Net Cash From Discontinued Investing Activities	-400	-1,043	-1,342	-514	-341	-57	-51	-432	-565	-461	0.00
Net Cash From Financing Activities	-2,065	1,699	-4,680	-6,190	-7,177	1,084	-1,546	-3,276	-692	-2,250	-226
Net Cash From Continuing Financing Activities	-2,334	1,337	-4,504	-6,287	-6,909	1,105	-1,513	-2,095	-595	-806	-226
Repayment of Debt	-14,483	-11,178	-8,427	-8,251	-10,406	-10,935	-4,215	-646	-1,563	-564	-1,189
Repurchase of Common Equity	-2,321	-2,023	-3,013	-2,255	-3,334	-1,072	-1,580	-1,703	-2,480	-690	-192
Payment of Dividends	-	-13	-13	-290	-33	-137	-138	-61	-47	-129	0.00
Issuance of Debt	14,969	14,803	7,249	4,397	4,446	13,206	2,571	4.70	3,167	204	765
Other Financing Activities, net	-500	-252	-301	113	2,418	43	1,850	310	328	372	390
Net Cash From Discontinued Financing Activities	270	362	-175	97	-268	-21	-33	-1,181	-97	-1,444	0.00
Effect of Exchange Rate Changes	-15	-38	114	-43	-	-	-6.60	-26	58	-64	155
Other Net Changes in Cash	-176	-830	583	-185	6,683	91	101	-676	309	-1,207	0.00
Cash Interest Paid	4,341	2,608	2,286	3,684	1,784	1,128	832	547	885	892	470
Cash Income Taxes Paid	236	441	413	364	494	248	190	172	494	197	200

This table details how cash moves in and out of Liberty Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-388	-312	1,065	174	-474	166	-166	-301	566	-253	590
Net Cash From Operating Activities	839	246	546	450	792	129	149	302	631	108	231
Net Cash From Continuing Operating Activities	-127	91	254	319	90	129	149	302	631	108	231
Net Income / (Loss) Continuing Operations	-3,257	635	324	-1,424	2,478	-1,323	-2,774	-83	-2,916	358	-358
Consolidated Net Income / (Loss)	-3,472	527	275	-1,411	2,255	-1,323	-2,774	-83	-2,916	358	-358
Depreciation Expense	-465	223	283	245	-511	232	251	276	280	265	263
Amortization Expense	12	16	16	16	12	16	17	10	6.70	6.00	6.20
Non-Cash Adjustments To Reconcile Net Income	3,747	-726	-405	1,430	-1,956	1,370	2,761	95	3,092	-521	298
Changes in Operating Assets and Liabilities, net	-164	-56	36	51	67	-165	-106	4.00	169	-0.80	22
Net Cash From Investing Activities	-879	-212	522	24	350	53	-299	-361	-267	-223	392
Net Cash From Continuing Investing Activities	-314	-64	632	152	811	53	-299	-361	-267	-223	392
Purchase of Property, Plant & Equipment	94	-206	-185	-221	79	-243	-319	-343	-438	-398	-348
Purchase of Investments	-1,453	-994	-762	-564	-556	-407	-84	-36	-72	-61	-19
Sale and/or Maturity of Investments	951	1,153	1,166	940	1,475	700	96	14	213	233	-25
Other Investing Activities, net	-20	-17	0.50	-3.40	-1.00	2.40	8.60	3.80	29	2.20	-5.80
Net Cash From Financing Activities	-349	-284	-189	-177	-1,600	-66	-125	-82	47	-114	-22
Net Cash From Continuing Financing Activities	-252	-241	-199	-204	-156	-66	-125	-82	47	-114	-22
Repayment of Debt	-430	-163	-101	-162	169	-655	-230	85	-391	-233	-0.40
Issuance of Debt	1,050	2.10	1.00	0.90	200	555	7.50	42	160	50	51
Other Financing Activities, net	-403	97	71	123	-224	71	162	-153	312	68	-72
Cash Interest Paid	194	150	318	286	139	137	99	136	98	135	86
Cash Income Taxes Paid	323	103	88	3.50	2.30	73	109	15	2.50	105	8.90

This table presents Liberty Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	67,559	68,684	42,820	53,154	49,046	59,093	46,917	42,895	42,088	25,440	22,596
Total Current Assets	3,357	7,052	3,704	4,141	10,573	5,802	5,941	6,297	5,642	3,300	3,396
Cash & Equivalents	982	1,077	1,672	1,481	8,142	1,327	911	1,726	1,410	1,816	2,081
Accounts Receivable	1,468	3,928	1,405	1,342	1,405	1,078	907	831	404	450	558
Other Current Assets	763	436	351	962	1,026	817	928	1,119	639	699	757
Plant, Property, & Equipment, net	21,684	17,249	0.00	13,879	0.00	0.00	0.00	6,505	4,354	4,326	5,270
Total Noncurrent Assets	42,518	44,383	39,116	35,133	38,473	53,290	40,977	30,093	32,092	17,813	13,929
Long-Term Investments	2,840	6,389	6,671	5,122	4,782	5,355	19,703	14,949	13,336	11,688	7,686
Goodwill	27,020	17,064	14,354	13,716	14,052	9,966	9,523	9,316	3,308	3,153	3,503
Intangible Assets	7,093	2,423	-	-	572	2,880	2,343	2,342	674	1,290	1,349
Other Noncurrent Operating Assets	5,565	3,003	3,720	3,633	16,609	35,090	9,408	3,486	1,632	1,682	1,391
Total Liabilities & Shareholders' Equity	67,559	68,684	10,423	53,154	49,046	59,093	46,917	42,895	42,088	25,440	22,596
Total Liabilities	57,385	53,952	17,053	49,005	35,848	45,794	21,319	20,322	23,081	12,895	12,650
Total Current Liabilities	9,158	9,723	4,792	10,306	8,652	4,511	4,085	3,921	4,333	3,134	3,159
Short-Term Debt	2,538	2,624	-	3,615	3,877	1,086	850	800	429	899	764
Accounts Payable	1,050	955	-	874	964	579	613	610	408	371	479
Accrued Expenses	2,860	2,772	2,219	3,002	2,278	1,726	1,687	1,714	1,106	1,306	1,406
Current Deferred Revenue	1,394	1,059	937	847	835	427	275	264	170	285	292
Current Deferred & Payable Income Tax Liabilities	484	432	-	-	307	253	237	236	264	273	218
Total Noncurrent Liabilities	48,227	44,229	12,261	38,699	27,196	41,283	17,234	16,401	18,748	9,762	9,491
Long-Term Debt	44,211	34,887	-	26,190	24,305	13,861	13,975	12,964	8,840	8,203	7,831
Other Noncurrent Operating Liabilities	4,016	2,236	2,247	2,437	2,891	4,225	3,259	3,437	1,547	1,559	1,660
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	10,174	14,732	-6,630	4,148	13,199	13,298	25,598	22,573	19,007	12,544	9,946
Total Preferred & Common Equity	10,652	13,761	-6,218	0.00	13,606	13,663	25,935	22,436	19,063	12,366	9,736
Total Common Equity	10,652	13,761	-6,218	0.00	13,606	13,663	25,935	22,436	19,063	12,366	9,736
Common Stock	-	17,589	-	-	6,143	5,278	3,898	2,305	1,326	780	716
Retained Earnings	-	-3,455	-6,218	-	6,350	4,692	18,145	19,618	15,566	12,243	5,105
Treasury Stock	-	-0.30	-	-	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10
Accumulated Other Comprehensive Income / (Loss)	-	-372	-	-	1,113	3,693	3,892	513	2,170	-657	3,916
Noncontrolling Interest	-478	971	-412	4,148	-408	-364	-337	137	-55	178	210

This table presents Liberty Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	43,806	43,937	42,696	40,560	40,838	41,766	25,971	27,167	25,395	21,878	21,533
Total Current Assets	5,660	5,943	5,428	4,869	5,388	5,197	3,117	4,429	2,778	3,114	3,498
Cash & Equivalents	1,446	1,565	1,742	1,140	2,011	2,356	1,983	1,817	1,674	1,828	2,419
Accounts Receivable	831	872	825	859	859	863	484	570	518	523	521
Other Current Assets	1,195	1,380	1,304	1,218	1,313	1,071	650	714	586	762	558
Plant, Property, & Equipment, net	6,677	6,622	7,002	7,048	7,084	7,440	4,590	5,092	5,165	5,321	5,422
Total Noncurrent Assets	31,469	31,372	30,266	28,642	28,367	29,130	18,264	17,647	17,451	13,444	12,612
Long-Term Investments	16,385	16,237	15,187	13,462	13,260	13,617	12,000	11,227	11,045	7,459	6,700
Goodwill	9,433	9,570	9,767	9,906	9,770	10,326	3,311	3,601	3,615	3,445	3,416
Intangible Assets	2,264	2,203	2,019	1,832	1,798	1,774	1,330	1,423	1,402	1,304	1,267
Other Noncurrent Operating Assets	3,388	3,361	3,293	3,442	3,539	3,413	1,623	1,396	1,389	1,236	1,230
Total Liabilities & Shareholders' Equity	43,806	43,937	42,696	40,560	40,838	41,766	25,971	27,167	25,395	21,878	21,533
Total Liabilities	21,436	21,996	21,849	22,168	22,522	23,115	13,129	13,962	12,433	12,143	12,070
Total Current Liabilities	3,705	4,088	3,731	3,804	4,030	4,351	3,288	4,344	2,907	2,810	2,742
Short-Term Debt	759	704	633	738	771	999	1,128	1,991	679	704	620
Accounts Payable	479	616	586	537	515	561	361	455	404	442	443
Accrued Expenses	1,842	2,062	1,685	1,754	1,855	1,816	1,328	1,531	1,347	1,300	1,327
Current Deferred Revenue	344	323	272	294	293	267	276	254	285	256	247
Current Deferred & Payable Income Tax Liabilities	-	-	227	164	178	249	195	114	192	108	104
Total Noncurrent Liabilities	17,731	17,908	18,118	18,364	18,491	18,764	9,841	9,618	9,526	9,333	9,328
Long-Term Debt	14,289	14,406	14,558	14,783	14,741	14,892	8,246	7,805	7,817	7,727	7,730
Other Noncurrent Operating Liabilities	3,442	3,502	3,560	3,582	3,750	3,872	1,596	1,813	1,709	1,606	1,598
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	22,370	21,941	20,848	18,391	18,317	18,652	12,841	13,205	12,962	9,735	9,462
Total Preferred & Common Equity	22,222	21,856	20,921	18,429	18,348	18,659	12,649	12,994	12,744	9,504	9,225
Total Common Equity	22,222	21,856	20,921	18,429	18,348	18,659	12,649	12,994	12,744	9,504	9,225
Common Stock	2,116	1,759	1,650	1,210	1,059	930	779	738	723	780	808
Retained Earnings	18,896	18,397	19,056	16,076	16,344	14,910	10,905	8,112	8,022	5,442	5,077
Treasury Stock	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10
Accumulated Other Comprehensive Income / (Loss)	1,211	1,701	215	1,143	945	2,819	965	4,144	3,999	3,282	3,339
Noncontrolling Interest	147	85	-74	-38	-31	-7.50	193	211	218	231	238

This table displays calculated financial ratios and metrics derived from Liberty Global's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.50%	-19.53%	-17.88%	6.04%	-7.04%	3.86%	-10.69%	-61.04%	2.45%	5.49%	12.36%
EBITDA Growth	5.18%	-13.01%	-47.24%	60.63%	-26.14%	-48.62%	201.14%	-39.90%	-90.85%	873.01%	-169.11%
EBIT Growth	16.39%	25.92%	-114.16%	593.15%	-67.48%	-124.34%	3,082.76%	-32.12%	-133.58%	357.50%	-245.98%
NOPAT Growth	-5.70%	624.11%	-94.79%	-1,419.70%	106.31%	207.76%	-10.27%	-94.36%	-405.21%	72.18%	73.31%
Net Income Growth	-78.02%	247.97%	-262.91%	130.60%	1,269.20%	-112.60%	1,027.94%	-85.41%	-295.03%	142.49%	-531.17%
EPS Growth	-78.02%	0.00%	-258.01%	31.12%	813.71%	-119.20%	973.70%	-87.45%	-421.62%	144.43%	-593.14%
Operating Cash Flow Growth	2.31%	3.64%	-3.92%	4.47%	-23.10%	-8.71%	-15.21%	-20.04%	-23.68%	-6.14%	-40.43%
Free Cash Flow Firm Growth	186.59%	351.38%	-9.57%	-182.41%	104.65%	-1,543.57%	314.79%	-100.57%	6,355.22%	-105.90%	-61.58%
Invested Capital Growth	-7.01%	-26.58%	-55.65%	64.34%	-1.40%	48.89%	-60.31%	1.33%	-57.13%	6.86%	11.42%
Revenue Q/Q Growth	-6.74%	-24.77%	39.48%	8.10%	-3.41%	4.95%	-10.27%	-44.77%	-44.48%	-43.42%	2.26%
EBITDA Q/Q Growth	1.96%	-16.15%	8.79%	17.51%	-25.97%	-7.92%	28.76%	-54.84%	-53.67%	321.93%	-4,425.82%
EBIT Q/Q Growth	21.48%	10.45%	-149.40%	127.89%	-70.39%	40.90%	50.01%	-56.65%	40.86%	269.58%	-241.71%
NOPAT Q/Q Growth	4.99%	547.33%	75.85%	-2,104.46%	149.39%	23.23%	-27.43%	-72.67%	-270.92%	-40.12%	-168.33%
Net Income Q/Q Growth	10.91%	294.98%	-634.46%	401.74%	-10.72%	18.73%	14.12%	-72.97%	23.88%	140.34%	-268.49%
EPS Q/Q Growth	10.91%	139.35%	-212.16%	-405.13%	2,230.30%	-120.56%	1.94%	-73.41%	9.16%	141.11%	-244.79%
Operating Cash Flow Q/Q Growth	0.53%	5.73%	-3.73%	1.50%	-5.54%	-0.01%	-12.40%	-3.67%	-1.99%	-2.29%	-11.71%
Free Cash Flow Firm Q/Q Growth	170.92%	199.84%	1,157.47%	-183.79%	6,594.27%	-132.16%	34.91%	-117.63%	981.75%	-267.48%	-110.15%
Invested Capital Q/Q Growth	-3.24%	-19.27%	-65.91%	-2.67%	-0.95%	20.15%	-1.85%	3.06%	-58.39%	-55.81%	-0.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.93%	74.51%	73.63%	72.85%	71.83%	71.24%	70.74%	73.46%	68.77%	66.59%	65.76%
EBITDA Margin	44.75%	48.37%	31.08%	47.07%	37.40%	18.50%	62.39%	96.24%	8.60%	79.29%	-48.77%
Operating Margin	12.31%	11.43%	7.03%	7.02%	5.94%	17.59%	12.80%	2.74%	-7.62%	-1.38%	-0.48%
EBIT Margin	11.43%	17.88%	-3.08%	14.34%	5.02%	-1.18%	39.25%	68.39%	-22.42%	54.72%	-71.09%
Profit (Net Income) Margin	-6.75%	12.42%	-24.64%	7.11%	104.70%	-12.70%	131.99%	49.44%	-94.12%	37.91%	-145.47%
Tax Burden Percent	148.35%	700.90%	131.59%	525.34%	-937.13%	81.44%	97.21%	168.56%	112.41%	89.53%	98.94%
Interest Burden Percent	-39.85%	9.91%	607.34%	9.44%	-222.76%	1,327.19%	345.90%	42.89%	373.51%	77.38%	206.82%
Effective Tax Rate	0.00%	-578.30%	0.00%	972.37%	0.00%	0.00%	3.38%	34.51%	0.00%	-1.68%	0.00%
Return on Invested Capital (ROIC)	2.63%	22.77%	1.94%	-31.54%	1.61%	4.01%	4.31%	0.43%	-1.80%	-0.81%	-0.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.36%	-3.29%	-11.65%	1.88%	57.54%	-9.02%	125.90%	-26.32%	40.60%	-21.57%	236.30%
Return on Net Nonoperating Assets (RNNOA)	-12.12%	-9.08%	-70.52%	-36.97%	132.57%	-15.09%	65.67%	7.82%	-16.83%	11.24%	-62.91%
Return on Equity (ROE)	-9.49%	13.69%	-68.57%	-68.51%	134.18%	-11.07%	69.98%	8.25%	-18.63%	10.43%	-63.11%
Cash Return on Invested Capital (CROIC)	9.89%	53.42%	79.05%	-80.22%	3.02%	-35.27%	90.66%	-0.90%	78.18%	-7.44%	-11.00%
Operating Return on Assets (OROA)	2.78%	3.60%	-0.62%	3.57%	1.09%	-0.25%	7.64%	6.12%	-2.17%	7.04%	-14.44%
Return on Assets (ROA)	-1.64%	2.50%	-4.98%	1.77%	22.78%	-2.71%	25.68%	4.42%	-9.12%	4.87%	-29.55%
Return on Common Equity (ROCE)	-9.91%	13.42%	-63.85%	-171.68%	105.25%	-11.39%	71.24%	8.28%	-18.60%	10.39%	-62.02%
Return on Equity Simple (ROE_SIMPLE)	-10.82%	12.39%	44.68%	0.00%	85.54%	-10.74%	52.48%	8.85%	-20.32%	13.31%	0.00%
Net Operating Profit after Tax (NOPAT)	1,471	10,650	555	-7,320	462	1,422	1,276	72	-220	-61	-16
NOPAT Margin	8.62%	77.56%	4.92%	-61.22%	4.16%	12.31%	12.37%	1.79%	-5.34%	-1.41%	-0.33%
Net Nonoperating Expense Percent (NNEP)	5.99%	26.07%	13.59%	-33.41%	-55.92%	13.03%	-121.59%	26.75%	-42.40%	20.76%	-236.50%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.20%	-0.78%	-0.28%	-0.09%
Cost of Revenue to Revenue	22.07%	25.49%	26.37%	27.15%	28.17%	28.76%	29.27%	26.54%	31.23%	33.41%	34.24%
SG&A Expenses to Revenue	31.86%	32.19%	32.28%	31.50%	32.60%	33.51%	35.29%	41.95%	45.79%	43.75%	43.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	65.61%	63.08%	66.60%	65.84%	65.90%	53.65%	57.93%	70.72%	76.39%	67.97%	66.24%
Earnings before Interest and Taxes (EBIT)	1,950	2,455	-348	1,714	558	-136	4,048	2,748	-923	2,376	-3,468
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,635	6,642	3,504	5,629	4,158	2,136	6,433	3,867	354	3,443	-2,379
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.60	2.40	0.00	0.00	1.06	1.03	0.58	0.20	0.19	0.37	0.39
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	17.29	1.07	0.43	0.25	0.58	0.77
Price to Revenue (P/Rev)	2.25	2.41	3.15	1.35	1.29	1.22	1.46	1.14	0.90	1.05	0.77
Price to Earnings (P/E)	0.00	19.38	0.00	22.18	1.25	0.00	1.12	3.12	0.00	2.87	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	76.80%	0.00%
Earnings Yield	0.00%	5.16%	0.00%	4.51%	80.11%	0.00%	89.15%	32.09%	0.00%	34.81%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.50	1.62	1.53	1.51	1.03	0.48	0.40	0.00	0.00	0.00	0.31
Enterprise Value to Revenue (EV/Rev)	4.73	4.67	2.38	3.63	2.63	1.77	0.65	0.00	0.00	0.00	0.56
Enterprise Value to EBITDA (EV/EBITDA)	10.58	9.65	7.64	7.72	7.03	9.56	1.04	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	41.42	26.10	0.00	25.34	52.44	0.00	1.65	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	54.91	6.02	48.29	0.00	63.28	14.37	5.23	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.09	10.78	4.69	7.28	6.38	4.88	1.88	0.00	0.00	0.00	2.24
Enterprise Value to Free Cash Flow (EV/FCFF)	14.59	2.56	1.19	0.00	33.79	0.00	0.25	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.59	2.55	0.00	7.18	2.14	1.12	0.58	0.61	0.49	0.73	0.86
Long-Term Debt to Equity	4.35	2.37	0.00	6.31	1.84	1.04	0.55	0.57	0.47	0.65	0.79
Financial Leverage	3.61	2.76	6.05	-19.71	2.30	1.67	0.52	-0.30	-0.41	-0.52	-0.27
Leverage Ratio	5.78	5.47	13.76	-38.68	5.89	4.08	2.73	1.86	2.04	2.14	2.14
Compound Leverage Factor	-2.30	0.54	83.58	-3.65	-13.12	54.17	9.43	0.80	7.63	1.66	4.42
Debt to Total Capital	82.13%	71.80%	0.00%	87.78%	68.10%	52.92%	36.67%	37.88%	32.78%	42.05%	46.36%
Short-Term Debt to Total Capital	4.46%	5.02%	0.00%	10.65%	9.37%	3.85%	2.10%	2.20%	1.52%	4.15%	4.12%
Long-Term Debt to Total Capital	77.67%	66.78%	0.00%	77.13%	58.74%	49.07%	34.57%	35.68%	31.26%	37.90%	42.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.84%	1.86%	6.21%	12.22%	-0.99%	-1.29%	-0.83%	0.38%	-0.20%	0.82%	1.13%
Common Equity to Total Capital	18.71%	26.34%	93.79%	0.00%	32.88%	48.37%	64.16%	61.75%	67.42%	57.13%	52.51%
Debt to EBITDA	6.12	5.65	0.00	5.30	6.78	7.00	2.30	3.56	26.20	2.64	-3.61
Net Debt to EBITDA	5.62	4.52	0.00	4.12	3.67	3.12	-1.25	-1.43	-21.11	-1.38	0.52
Long-Term Debt to EBITDA	5.79	5.25	0.00	4.65	5.85	6.49	2.17	3.35	24.99	2.38	-3.29
Debt to NOPAT	31.79	3.52	0.00	-4.07	61.01	10.51	11.62	191.23	-42.20	-148.94	-526.97
Net Debt to NOPAT	29.19	2.82	0.00	-3.17	33.03	4.69	-6.32	-76.88	34.00	77.55	76.57
Long-Term Debt to NOPAT	30.06	3.28	0.00	-3.58	52.62	9.75	10.95	180.12	-40.24	-134.23	-480.13
Altman Z-Score	0.65	0.57	1.25	0.39	0.73	0.51	1.52	1.15	0.68	1.37	0.22
Noncontrolling Interest Sharing Ratio	-4.40%	1.98%	6.90%	-150.58%	21.56%	-2.91%	-1.80%	-0.42%	0.20%	0.39%	1.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.37	0.73	0.77	0.40	1.22	1.29	1.45	1.61	1.30	1.05	1.08
Quick Ratio	0.27	0.51	0.64	0.27	1.10	0.89	1.00	1.32	0.88	0.83	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,535	24,985	22,594	-18,619	865	-12,490	26,828	-152	9,516	-562	-908
Operating Cash Flow to CapEx	252.28%	385.80%	456.64%	410.40%	392.52%	323.78%	252.06%	2,547.40%	234.94%	223.76%	90.17%
Free Cash Flow to Firm to Interest Expense	2.07	11.90	13.54	-12.06	0.54	-8.80	27.58	-0.51	18.84	-0.98	-1.75
Operating Cash Flow to Interest Expense	2.15	2.83	3.42	3.86	2.86	2.95	3.65	9.43	4.29	3.54	2.34
Operating Cash Flow Less CapEx to Interest Expense	1.29	2.10	2.67	2.92	2.13	2.04	2.20	9.06	2.46	1.96	-0.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.20	0.20	0.25	0.22	0.21	0.19	0.09	0.10	0.13	0.20
Accounts Receivable Turnover	11.50	5.09	4.23	8.71	8.09	9.30	10.39	4.62	6.67	10.17	9.68
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.75	0.71	0.00	0.00	0.00	0.00	0.00	0.00	0.76	1.00	1.02
Accounts Payable Turnover	3.61	3.49	0.00	0.00	3.41	4.30	5.06	1.74	2.53	3.73	3.93
Days Sales Outstanding (DSO)	31.74	71.72	86.31	41.92	45.10	39.25	35.15	78.95	54.76	35.90	37.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	101.23	104.54	0.00	0.00	107.15	84.80	72.12	209.41	144.47	97.96	92.85
Cash Conversion Cycle (CCC)	-69.49	-32.83	86.31	41.92	-62.05	-45.55	-36.98	-130.46	-89.71	-62.06	-55.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	53,935	39,600	17,561	28,860	28,457	42,369	16,816	17,040	7,305	7,805	8,697
Invested Capital Turnover	0.30	0.29	0.39	0.52	0.39	0.33	0.35	0.24	0.34	0.57	0.59
Increase / (Decrease) in Invested Capital	-4,064	-14,335	-22,039	11,299	-403	13,912	-25,552	224	-9,736	501	892
Enterprise Value (EV)	80,754	64,068	26,786	43,438	29,233	20,424	6,666	-805	-3,819	1.77	2,713
Market Capitalization	38,305	33,052	35,542	16,087	14,382	14,123	15,061	4,591	3,704	4,562	3,752
Book Value per Share	$11.78	$12.74	($6.27)	$0.00	$21.51	$23.43	$47.77	$48.80	$48.23	$34.59	$28.91
Tangible Book Value per Share	($25.94)	($5.30)	($20.74)	($18.20)	($1.61)	$1.40	$25.91	$23.44	$38.16	$22.16	$14.50
Total Capital	56,923	52,243	-6,630	33,954	41,381	28,246	40,423	36,337	28,276	21,645	18,541
Total Debt	46,749	37,511	0.00	29,805	28,183	14,947	14,825	13,763	9,269	9,101	8,595
Total Long-Term Debt	44,211	34,887	0.00	26,190	24,305	13,861	13,975	12,964	8,840	8,203	7,831
Net Debt	42,927	30,046	-8,344	23,203	15,258	6,666	-8,058	-5,533	-7,468	-4,739	-1,249
Capital Expenditures (CapEx)	2,272	1,540	1,250	1,453	1,168	1,293	1,408	111	922	909	1,343
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,245	-1,123	-2,760	-4,030	-2,344	-550	-474	-1,172	-1,663	-1,087	-1,156
Debt-free Net Working Capital (DFNWC)	-3,263	-47	-1,087	-2,550	5,799	2,377	2,706	3,176	1,738	1,065	1,001
Net Working Capital (NWC)	-5,801	-2,671	-1,087	-6,165	1,922	1,291	1,856	2,376	1,309	166	237
Net Nonoperating Expense (NNE)	2,623	8,945	3,333	-8,170	-11,176	2,888	-12,334	-1,914	3,654	-1,707	7,080
Net Nonoperating Obligations (NNO)	43,760	24,868	24,191	24,712	15,258	29,070	-8,782	-5,533	-11,703	-4,739	-1,249
Total Depreciation and Amortization (D&A)	5,686	4,187	3,852	3,915	3,600	2,272	2,386	1,119	1,276	1,067	1,089
Debt-free, Cash-free Net Working Capital to Revenue	-24.88%	-8.18%	-24.47%	-33.70%	-21.08%	-4.76%	-4.60%	-29.16%	-40.40%	-25.04%	-23.70%
Debt-free Net Working Capital to Revenue	-19.12%	-0.34%	-9.64%	-21.32%	52.17%	20.59%	26.24%	79.06%	42.22%	24.53%	20.52%
Net Working Capital to Revenue	-34.00%	-19.45%	-9.64%	-51.55%	17.29%	11.18%	18.00%	59.15%	31.80%	3.83%	4.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.05	$0.00	($1.97)	($2.16)	($2.70)	$24.16	$3.01	($9.52)	$4.33	($20.86)
Adjusted Weighted Average Basic Shares Outstanding	1.02B	1.07B	809.25M	742.10M	632.60M	577.41M	522.87M	456.14M	377.55M	348.75M	335.03M
Adjusted Diluted Earnings per Share	$0.00	$0.03	$0.00	($1.97)	($2.16)	($2.70)	$23.59	$2.96	($9.52)	$4.23	($20.86)
Adjusted Weighted Average Diluted Shares Outstanding	1.02B	1.07B	809.25M	742.10M	632.60M	577.41M	522.87M	456.14M	377.55M	348.75M	335.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($2.16)	($2.70)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.07B	809.25M	742.10M	705.79M	602.08M	522.87M	456.14M	377.55M	348.75M	335.03M
Normalized Net Operating Profit after Tax (NOPAT)	1,576	1,186	611	761	571	1,490	1,257	113	-190	-7.35	47
Normalized NOPAT Margin	9.24%	8.64%	5.41%	6.36%	5.13%	12.90%	12.19%	2.81%	-4.61%	-0.17%	0.96%
Pre Tax Income Margin	-4.55%	1.77%	-18.72%	1.35%	-11.17%	-15.60%	135.78%	29.33%	-83.73%	42.34%	-147.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.73	1.17	-0.21	1.11	0.35	-0.10	4.16	9.13	-1.83	4.13	-6.70
NOPAT to Interest Expense	0.55	5.07	0.33	-4.74	0.29	1.00	1.31	0.24	-0.44	-0.11	-0.03
EBIT Less CapEx to Interest Expense	-0.12	0.44	-0.96	0.17	-0.38	-1.01	2.71	8.76	-3.65	2.55	-9.30
NOPAT Less CapEx to Interest Expense	-0.30	4.34	-0.42	-5.68	-0.44	0.09	-0.14	-0.13	-2.26	-1.69	-2.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.77%	-0.47%	34.15%	0.28%	-9.35%	1.01%	3.08%	-1.21%	7.83%	0.00%
Augmented Payout Ratio	-201.34%	119.40%	-108.91%	299.40%	28.92%	-82.46%	12.62%	88.83%	-65.24%	49.74%	-2.71%

This table displays calculated financial ratios and metrics derived from Liberty Global's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	335,028,715.00	338,097,437.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	335,028,715.00	338,097,437.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	1.01	-1.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.89%	-41.59%	-42.75%	-42.33%	2.96%	7.32%	19.96%	12.87%	9.61%	8.83%	-7.65%
EBITDA Growth	36.01%	283.25%	84.38%	-147.11%	180.22%	-180.66%	-465.46%	137.22%	-90.39%	208.04%	116.08%
EBIT Growth	40.91%	417.32%	200.61%	-188.84%	231.31%	-233.74%	-954.13%	104.10%	-101.15%	159.85%	102.98%
NOPAT Growth	-233.66%	-144.01%	11.85%	185.15%	-11.00%	468.75%	168.25%	-123.95%	-47.41%	-62.40%	-89.86%
Net Income Growth	25.93%	173.86%	153.82%	-271.50%	164.94%	-351.10%	-1,107.92%	94.09%	-229.34%	127.07%	87.10%
EPS Growth	10.29%	183.02%	162.83%	-351.59%	173.48%	-390.91%	-1,239.44%	93.16%	-240.81%	125.00%	0.00%
Operating Cash Flow Growth	-4.98%	-20.18%	-21.06%	37.42%	-5.67%	-47.42%	-72.68%	-32.86%	-20.30%	-16.72%	54.76%
Free Cash Flow Firm Growth	3,487.70%	43.73%	64.54%	91.80%	-107.48%	3,603.62%	3,449.64%	10,481.17%	-75.25%	-106.65%	-100.71%
Invested Capital Growth	-57.13%	1.49%	1.35%	0.62%	6.86%	-53.38%	-50.27%	-50.53%	11.42%	7.84%	0.75%
Revenue Q/Q Growth	-178.46%	175.00%	-3.06%	1.10%	-172.97%	182.94%	8.36%	-4.89%	1.99%	3.53%	-8.05%
EBITDA Q/Q Growth	-212.51%	149.91%	-45.97%	-255.27%	438.45%	-150.19%	-144.78%	115.81%	-22.39%	263.00%	-63.88%
EBIT Q/Q Growth	-229.50%	149.17%	-66.45%	-515.88%	316.03%	-150.08%	-114.26%	102.00%	-158.53%	2,506.47%	-89.42%
NOPAT Q/Q Growth	-600.08%	94.01%	-163.47%	177.01%	-400.91%	119.91%	-51.24%	-127.03%	-1,220.00%	121.61%	-86.86%
Net Income Q/Q Growth	-521.99%	115.18%	-47.78%	-612.68%	259.80%	-158.69%	-109.61%	96.99%	-3,396.64%	112.28%	-199.89%
EPS Q/Q Growth	-633.12%	115.77%	-46.21%	-656.34%	255.70%	-162.44%	-110.68%	96.66%	-3,107.41%	111.09%	0.00%
Operating Cash Flow Q/Q Growth	156.56%	-70.72%	122.26%	-17.69%	76.11%	-83.68%	15.48%	102.28%	109.05%	-82.95%	114.59%
Free Cash Flow Firm Q/Q Growth	1,011.11%	-102.83%	3.39%	67.09%	-1,760.31%	1,425.67%	-7.64%	2.00%	-110.82%	34.79%	90.11%
Invested Capital Q/Q Growth	-58.39%	141.73%	-1.72%	1.79%	-55.81%	5.47%	4.83%	1.26%	-0.47%	2.08%	-2.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	63.85%	68.20%	70.04%	0.00%	65.56%	63.34%	67.45%	66.79%	66.53%	67.97%
EBITDA Margin	0.00%	97.91%	54.57%	-83.81%	0.00%	-73.59%	-166.24%	27.64%	21.03%	73.73%	28.97%
Operating Margin	0.00%	-1.13%	-3.12%	3.12%	0.00%	5.18%	2.33%	-0.66%	-8.58%	1.87%	0.26%
EBIT Margin	0.00%	76.04%	26.32%	-108.26%	0.00%	-94.76%	-187.37%	3.94%	-2.26%	52.49%	6.04%
Profit (Net Income) Margin	0.00%	48.29%	26.01%	-131.92%	0.00%	-112.99%	-218.56%	-6.91%	-236.88%	28.10%	-30.53%
Tax Burden Percent	108.02%	77.81%	78.12%	98.33%	95.59%	94.98%	100.03%	64.01%	101.40%	67.13%	106.81%
Interest Burden Percent	190.44%	81.62%	126.54%	123.93%	106.43%	125.55%	116.61%	-274.32%	10,345.32%	79.76%	-473.16%
Effective Tax Rate	0.00%	6.32%	8.00%	0.00%	-5.06%	0.00%	0.00%	0.00%	0.00%	32.87%	0.00%
Return on Invested Capital (ROIC)	0.00%	-0.20%	-0.42%	0.22%	0.00%	1.24%	0.58%	-0.17%	-3.55%	0.73%	0.10%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-19.08%	-10.99%	67.20%	0.00%	52.36%	101.48%	2.82%	91.39%	-11.79%	13.57%
Return on Net Nonoperating Assets (RNNOA)	0.00%	2.67%	1.58%	-7.29%	0.00%	-8.96%	-17.83%	-0.46%	-24.33%	2.86%	-3.20%
Return on Equity (ROE)	0.00%	2.47%	1.15%	-7.07%	0.00%	-7.72%	-17.25%	-0.63%	-27.88%	3.59%	-3.10%
Cash Return on Invested Capital (CROIC)	78.18%	-2.93%	-2.75%	-1.76%	-7.44%	72.88%	67.56%	67.79%	-11.00%	-8.04%	-1.45%
Operating Return on Assets (OROA)	0.00%	6.02%	1.58%	-4.52%	0.00%	-12.60%	-25.53%	0.56%	-0.46%	10.93%	1.21%
Return on Assets (ROA)	0.00%	3.82%	1.56%	-5.51%	0.00%	-15.02%	-29.78%	-0.98%	-48.11%	5.85%	-6.12%
Return on Common Equity (ROCE)	0.00%	2.46%	1.15%	-7.08%	0.00%	-7.68%	-17.15%	-0.63%	-27.40%	3.52%	-3.04%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-14.29%	0.00%	0.00%	0.00%	-1.62%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-192	-12	-30	23	-213	42	21	-5.60	-74	16	2.10
NOPAT Margin	0.00%	-1.06%	-2.87%	2.19%	0.00%	3.63%	1.63%	-0.46%	-6.00%	1.25%	0.18%
Net Nonoperating Expense Percent (NNEP)	-38.05%	18.88%	10.57%	-66.98%	30.02%	-51.12%	-100.90%	-2.99%	-94.94%	12.52%	-13.47%
Return On Investment Capital (ROIC_SIMPLE)	-0.68%	-0.03%	-0.09%	0.07%	-0.99%	0.19%	0.09%	-0.03%	-0.40%	0.09%	0.01%
Cost of Revenue to Revenue	0.00%	36.15%	31.80%	29.96%	0.00%	34.44%	36.66%	32.55%	33.21%	33.47%	32.03%
SG&A Expenses to Revenue	0.00%	41.49%	44.17%	43.45%	0.00%	40.69%	40.81%	43.43%	47.40%	40.69%	43.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	64.98%	71.32%	66.92%	0.00%	60.37%	61.00%	68.11%	75.36%	64.66%	67.71%
Earnings before Interest and Taxes (EBIT)	-1,688	830	278	-1,158	2,216	-1,110	-2,378	48	-28	669	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2,141	1,069	577	-896	1,717	-862	-2,110	334	259	940	340
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.19	0.00	0.19	0.22	0.37	0.32	0.27	0.31	0.39	0.43	0.42
Price to Tangible Book Value (P/TBV)	0.25	0.00	0.51	0.62	0.58	0.50	0.43	0.51	0.77	0.85	0.85
Price to Revenue (P/Rev)	0.90	0.00	1.34	2.31	1.05	0.91	0.75	0.82	0.77	0.81	0.79
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	2.87	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	76.80%	85.14%	97.90%	85.51%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	34.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.14	0.17	0.00	0.00	0.00	0.00	0.31	0.39	0.38
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.95	1.74	0.00	0.00	0.00	0.00	0.56	0.69	0.68
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	1.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.76
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	3.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.31
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	1.24	1.48	0.00	0.00	0.00	0.00	2.24	2.88	2.61
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.84	0.85	0.85	0.73	0.73	0.74	0.66	0.86	0.87	0.88
Long-Term Debt to Equity	0.47	0.80	0.80	0.80	0.65	0.64	0.59	0.60	0.79	0.79	0.82
Financial Leverage	-0.41	-0.14	-0.14	-0.11	-0.52	-0.17	-0.18	-0.16	-0.27	-0.24	-0.24
Leverage Ratio	2.04	2.07	2.11	2.14	2.14	2.13	2.16	2.12	2.14	2.12	2.15
Compound Leverage Factor	3.89	1.69	2.66	2.65	2.28	2.67	2.52	-5.83	220.96	1.69	-10.17
Debt to Total Capital	32.78%	45.77%	45.85%	46.00%	42.05%	42.19%	42.59%	39.59%	46.36%	46.41%	46.88%
Short-Term Debt to Total Capital	1.52%	2.18%	2.28%	2.89%	4.15%	5.08%	8.65%	3.16%	4.12%	3.87%	3.48%
Long-Term Debt to Total Capital	31.26%	43.59%	43.57%	43.11%	37.90%	37.12%	33.93%	36.43%	42.24%	42.54%	43.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.20%	-0.11%	-0.09%	-0.02%	0.82%	0.87%	0.92%	1.02%	1.13%	1.27%	1.34%
Common Equity to Total Capital	67.42%	54.34%	54.24%	54.02%	57.13%	56.94%	56.49%	59.39%	52.51%	52.32%	51.79%
Debt to EBITDA	26.20	13.57	11.02	-11.42	2.64	6.20	-8.34	154.46	-3.61	-14.80	4.44
Net Debt to EBITDA	-21.11	-0.64	-0.68	0.71	-1.38	-3.05	3.89	-76.80	0.52	1.51	-0.41
Long-Term Debt to EBITDA	24.99	12.93	10.47	-10.70	2.38	5.45	-6.64	142.13	-3.29	-13.57	4.11
Debt to NOPAT	-42.20	-61.00	-63.81	-79.24	-148.94	1,038.02	185.35	355.91	-526.97	-200.06	-137.43
Net Debt to NOPAT	34.00	2.89	3.96	4.93	77.55	-510.44	-86.58	-176.96	76.57	20.34	12.65
Long-Term Debt to NOPAT	-40.24	-58.10	-60.63	-74.25	-134.23	913.13	147.68	327.48	-480.13	-183.36	-127.22
Altman Z-Score	0.62	0.00	0.78	0.58	1.35	0.79	0.45	0.82	0.72	0.89	0.80
Noncontrolling Interest Sharing Ratio	0.00%	0.27%	0.13%	-0.21%	0.00%	0.50%	0.57%	0.67%	1.73%	1.87%	1.98%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.28	1.34	1.19	1.05	0.95	1.02	0.96	1.08	1.11	1.28
Quick Ratio	0.88	0.96	1.01	0.95	0.83	0.75	0.86	0.75	0.86	0.84	1.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9,543	-270	-261	-86	-714	9,468	8,745	8,920	-966	-630	-62
Operating Cash Flow to CapEx	0.00%	119.21%	295.19%	203.58%	0.00%	53.10%	46.73%	88.01%	144.17%	27.06%	66.37%
Free Cash Flow to Firm to Interest Expense	0.00	-1.86	-1.81	-0.60	0.00	69.87	67.06	66.32	-8.24	-5.54	-0.54
Operating Cash Flow to Interest Expense	0.00	1.69	3.78	3.12	0.00	0.95	1.14	2.24	5.38	0.95	1.99
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.27	2.50	1.58	0.00	-0.84	-1.30	-0.31	1.65	-2.55	-1.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.08	0.06	0.04	0.13	0.13	0.14	0.14	0.20	0.21	0.20
Accounts Receivable Turnover	6.67	3.95	2.94	2.09	10.17	6.59	6.48	6.91	9.68	9.89	8.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.76	0.49	0.37	0.24	1.00	0.76	0.76	0.76	1.02	1.01	0.93
Accounts Payable Turnover	2.53	2.18	1.52	1.04	3.73	3.25	3.28	3.44	3.93	4.22	3.57
Days Sales Outstanding (DSO)	54.76	92.34	123.95	174.73	35.90	55.40	56.29	52.86	37.71	36.89	40.78
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	144.47	167.12	239.50	351.04	97.96	112.33	111.37	106.01	92.85	86.50	102.13
Cash Conversion Cycle (CCC)	-89.71	-74.78	-115.55	-176.31	-62.06	-56.93	-55.08	-53.15	-55.14	-49.61	-61.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,305	17,657	17,353	17,663	7,805	8,232	8,629	8,738	8,697	8,878	8,694
Invested Capital Turnover	0.34	0.19	0.15	0.10	0.57	0.34	0.36	0.36	0.59	0.58	0.56
Increase / (Decrease) in Invested Capital	-9,736	259	231	109	501	-9,425	-8,724	-8,925	892	646	64
Enterprise Value (EV)	-3,819	0.00	2,433	3,073	1.77	-403	-905	-101	2,713	3,424	3,313
Market Capitalization	3,704	0.00	3,427	4,069	4,562	4,014	3,459	3,905	3,752	4,050	3,844
Book Value per Share	$48.23	$49.44	$49.23	$51.06	$34.59	$36.60	$37.60	$37.40	$28.91	$28.11	$27.28
Tangible Book Value per Share	$38.16	$17.95	$18.19	$17.95	$22.16	$23.17	$23.06	$22.68	$14.50	$14.07	$13.43
Total Capital	28,276	33,912	33,829	34,543	21,645	22,215	23,001	21,458	18,541	18,165	17,813
Total Debt	9,269	15,520	15,512	15,891	9,101	9,373	9,796	8,496	8,595	8,431	8,350
Total Long-Term Debt	8,840	14,783	14,741	14,892	8,203	8,246	7,805	7,817	7,831	7,727	7,730
Net Debt	-7,468	-734	-964	-989	-4,739	-4,609	-4,576	-4,224	-1,249	-857	-769
Capital Expenditures (CapEx)	-94	206	185	221	-79	243	319	343	438	398	348
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,663	-989	-1,087	-1,418	-1,087	-1,027	-1,069	-1,125	-1,156	-821	-1,042
Debt-free Net Working Capital (DFNWC)	1,738	1,803	2,129	1,845	1,065	956	2,076	550	1,001	1,008	1,377
Net Working Capital (NWC)	1,309	1,066	1,357	846	166	-172	85	-129	237	304	756
Net Nonoperating Expense (NNE)	3,279	-539	-306	1,434	-2,468	1,366	2,795	78	2,842	-342	360
Net Nonoperating Obligations (NNO)	-11,703	-734	-964	-989	-4,739	-4,609	-4,576	-4,224	-1,249	-857	-769
Total Depreciation and Amortization (D&A)	-453	239	299	261	-499	248	268	286	287	271	269
Debt-free, Cash-free Net Working Capital to Revenue	-40.40%	-29.63%	-42.66%	-80.38%	-25.04%	-23.22%	-23.07%	-23.57%	-23.70%	-16.47%	-21.33%
Debt-free Net Working Capital to Revenue	42.22%	54.01%	83.52%	104.62%	24.53%	21.62%	44.80%	11.52%	20.52%	20.23%	28.18%
Net Working Capital to Revenue	31.80%	31.91%	53.25%	47.96%	3.83%	-3.88%	1.84%	-2.70%	4.86%	6.10%	15.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($8.38)	$1.35	$0.72	($3.95)	$6.21	($3.84)	($8.09)	($0.27)	($8.66)	$1.01	($1.07)
Adjusted Weighted Average Basic Shares Outstanding	377.55M	372.72M	365.44M	357.54M	348.75M	345.58M	340.73M	336.78M	335.03M	338.10M	341.09M
Adjusted Diluted Earnings per Share	($8.37)	$1.32	$0.71	($3.95)	$6.15	($3.84)	($8.09)	($0.27)	($8.66)	$0.96	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	377.55M	372.72M	365.44M	357.54M	348.75M	345.58M	340.73M	336.78M	335.03M	338.10M	341.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	377.55M	372.72M	365.44M	357.54M	348.75M	345.58M	340.73M	336.78M	335.03M	338.10M	341.09M
Normalized Net Operating Profit after Tax (NOPAT)	-167	20	-26	28	-144	41	25	9.80	-29	43	13
Normalized NOPAT Margin	0.00%	1.83%	-2.48%	2.58%	0.00%	3.53%	1.94%	0.81%	-2.35%	3.40%	1.10%
Pre Tax Income Margin	0.00%	62.06%	33.30%	-134.17%	0.00%	-118.96%	-218.49%	-10.79%	-233.61%	41.86%	-28.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	5.70	1.93	-8.02	0.00	-8.19	-18.24	0.35	-0.24	5.88	0.61
NOPAT to Interest Expense	0.00	-0.08	-0.21	0.16	0.00	0.31	0.16	-0.04	-0.63	0.14	0.02
EBIT Less CapEx to Interest Expense	0.00	4.29	0.65	-9.55	0.00	-9.99	-20.68	-2.20	-3.97	2.39	-2.39
NOPAT Less CapEx to Interest Expense	0.00	-1.50	-1.49	-1.37	0.00	-1.48	-2.29	-2.59	-4.36	-3.36	-2.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.21%	0.00%	0.00%	0.00%	7.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-65.24%	-92.18%	-120.13%	-24.03%	49.74%	-269.77%	-13.69%	-17.45%	-2.71%	-2.85%	-3.00%

Financials Breakdown Chart

Key Financial Trends

Liberty Global plc (NASDAQ:LBTYB) showed a sharp rebound in Q1 2026, but the bigger picture remains mixed. Revenue improved year over year, operating income turned positive again, and the company generated positive operating cash flow. However, Liberty Global still carries a heavy debt load and continues to rely on non-operating items to support profitability.

Q1 2026 revenue rose to $1.27 billion, up from $1.23 billion in Q4 2025 and $1.21 billion in Q3 2025.
Gross profit improved to $848 million in Q1 2026, with gross margin near 66%, a solid level for the business.
Operating income bounced back to $23.8 million in Q1 2026 after a $105.6 million operating loss in Q4 2025.
Cash from operations was positive at $107.6 million in Q1 2026, improving from $630.9 million in Q4 2025 but still showing ongoing cash generation.
The company ended Q1 2026 with $1.83 billion in cash and equivalents, giving it meaningful liquidity.
Total common equity remained substantial at $9.50 billion, supported by strong accumulated other comprehensive income.
Depreciation and amortization remain large, which helps cash flow but also highlights the capital-intensive nature of the business.
The company continued to spend on capital expenditures, with $397.6 million of property and equipment purchases in Q1 2026.
Net income fell to $358.2 million in Q1 2026 from $2.92 billion in Q4 2025, but the prior quarter was distorted by a large one-time gain.
Liberty Global remains highly leveraged, with $8.43 billion of total debt on the balance sheet at quarter-end.

Year-over-year trend: Q1 2026 looks much better than Q1 2025. Revenue increased, operating income improved, and the company swung to a stronger operating cash flow profile. In Q1 2025, Liberty Global posted a $1.32 billion net loss and only $129.2 million in operating cash flow.

Balance sheet trends: Total assets declined to $21.88 billion from $25.39 billion in Q3 2025, while total liabilities also fell to $12.14 billion from $12.43 billion. The more important takeaway is that debt is still large relative to earnings power, so leverage remains a key risk for investors.

Cash flow trends: Liberty Global’s operating cash flow has been volatile over the last several quarters, swinging from strong positives to weak results depending on working capital, investment activity, and one-time items. The Q1 2026 result was positive, but not yet strong enough to eliminate concerns about debt service and capital intensity.

Bottom line: Liberty Global is showing signs of operational stabilization in 2026, but investors should keep an eye on debt reduction, the sustainability of operating cash flow, and how much of earnings depend on non-recurring items.

07/27/26 05:11 PM ETAI Generated. May Contain Errors.

Liberty Global Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Liberty Global's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Liberty Global's net income appears to be on a downward trend, with a most recent value of -$7.10 billion in 2025, rising from -$1.15 billion in 2015. The previous period was $1.65 billion in 2024. View Liberty Global's forecast to see where analysts expect Liberty Global to go next.

Liberty Global's total operating income in 2025 was -$23.30 million, based on the following breakdown:

Total Gross Profit: $3.21 billion
Total Operating Expenses: $3.23 billion

Over the last 10 years, Liberty Global's total revenue changed from $17.06 billion in 2015 to $4.88 billion in 2025, a change of -71.4%.

Liberty Global's total liabilities were at $12.65 billion at the end of 2025, a 1.9% decrease from 2024, and a 78.0% decrease since 2015.

In the past 10 years, Liberty Global's cash and equivalents has ranged from $910.60 million in 2021 to $8.14 billion in 2019, and is currently $2.08 billion as of their latest financial filing in 2025.

Over the last 10 years, Liberty Global's book value per share changed from 11.78 in 2015 to 28.91 in 2025, a change of 145.4%.

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Financial statements for NASDAQ:LBTYB last updated on 7/24/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Liberty Global (LBTYB) Financials

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Liberty Global (LBTYB) Financials

Annual Income Statements for Liberty Global

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Quarterly Cash Flow Statements for Liberty Global

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Quarterly Metrics And Ratios for Liberty Global

Financials Breakdown Chart

Key Financial Trends

Liberty Global Financials - Frequently Asked Questions

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How has Liberty Global's net income changed over the last 10 years?

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How has Liberty Global's revenue changed over the last 10 years?

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