Global gross profit of the adidas Group from 2000 to 2023

In 2023, the adidas Group reported a gross profit amounting to around 10.18 billion euros, decreasing by four percent from the previous year where it recorded a gross profit of around 10.64 billion euros. adidas is one of the largest and most recognizable sportswear and sporting goods manufacturers in the world. adidas generates the majority of its revenues from footwear, with the remainder coming from apparel and sporting equipment and accessories.

How does adidas’ gross profit compare to other companies within the industry?

The global sportswear industry is a lucrative sector, one that is only expected to keep growing in the next years. Nike is the world's leading athletic apparel company and its brand value is on another level in comparison to that of adidas. Nike’s gross profit also remains above that of adidas, however, its profit has not witnessed the same levels of growth as adidas over the years, pre-COVID-19. Puma, on the other hand, may be behind both Nike and adidas in some ways, but has experienced incredible growth in the last few years, reaching profits at nearly four billion euros in 2023.