International Paper (IP) financials
International Paper revenue and earnings by year
International Paper's revenue was $23.6 billion in the fiscal year to December 31, 2025, up 49.3% from the year before. Net income was -$3.52 billion, -14.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.6 | 15.8 | 16.0 | 21.2 | 19.4 | 17.6 | 18.3 | 23.3 | 21.7 | 19.5 |
| Revenue growth | 49.3% | -1.2% | -24.2% | 9.3% | 10.2% | -4.1% | -21.4% | 7.2% | 11.5% | — |
| Gross profit | 7.0 | 4.4 | 4.5 | 6.0 | 5.5 | 5.2 | 5.6 | 7.8 | 6.9 | 6.1 |
| Gross margin | 29.6% | 28.0% | 28.2% | 28.4% | 28.6% | 29.8% | 30.8% | 33.3% | 31.9% | 31.2% |
| Operating income | -3.0 | 0.5 | 0.7 | 1.7 | 1.0 | 1.2 | 1.7 | 2.9 | 2.0 | 2.0 |
| Operating margin | -12.8% | 3.4% | 4.3% | 7.9% | 4.9% | 6.6% | 9.1% | 12.6% | 9.0% | 10.5% |
| Net income | -3.5 | 0.6 | 0.3 | 1.5 | 1.8 | 0.5 | 1.2 | 2.0 | 2.1 | 0.9 |
| Net margin | -14.9% | 3.5% | 1.8% | 7.1% | 9.0% | 2.7% | 6.7% | 8.6% | 9.9% | 4.6% |
| Diluted EPS | -$6.71 | $1.57 | $0.82 | $4.07 | $4.23 | $1.16 | $2.91 | $4.60 | $4.87 | $2.07 |
| Free cash flow | 0.1 | 0.8 | 0.7 | 1.3 | 1.6 | 2.3 | 2.4 | 1.7 | 0.4 | 1.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open IP in Markets.
See also: IP valuation and P/E history · IP returns
No forecast, no recommendation. This page describes International Paper from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.