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Diageo
(LSE:DGE)
Diageo (DGE) vs. iShares MSCI United Kingdom ETF (EWC)
Diageo Business Overview & Revenue Model
Diageo Earnings Call Summary
Diageo Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.24B | 20.25B | 20.27B | 20.55B | 15.45B | 12.73B |
| Gross Profit | 10.25B | 12.17B | 12.20B | 12.27B | 9.48B | 7.70B |
| EBITDA | 4.29B | 6.36B | 7.24B | 8.06B | 4.93B | 4.28B |
| Net Income | 1.91B | 2.35B | 3.87B | 4.45B | 3.94B | 2.66B |
Balance Sheet | ||||||
| Total Assets | 37.38B | 49.32B | 45.47B | 44.88B | 36.52B | 31.95B |
| Cash, Cash Equivalents and Short-Term Investments | 2.00B | 2.65B | 1.13B | 1.81B | 2.54B | 2.87B |
| Total Debt | 17.99B | 24.40B | 21.50B | 20.79B | 16.02B | 14.73B |
| Total Liabilities | 27.19B | 36.14B | 33.40B | 33.17B | 27.00B | 23.52B |
| Stockholders Equity | 8.62B | 11.09B | 10.03B | 9.86B | 7.80B | 6.90B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | 2.69B | 4.55B | 4.33B | 2.84B | 3.03B |
| Operating Cash Flow | 2.67B | 4.30B | 6.07B | 5.74B | 3.94B | 3.65B |
| Investing Cash Flow | -1.38B | -1.72B | -1.59B | -1.43B | -1.34B | -1.09B |
| Financing Cash Flow | -1.49B | -1.49B | -3.11B | -3.04B | -3.26B | -2.79B |
Diageo Technical Analysis
Diageo Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £15.25B | 17.33 | 28.56% | 1.96% | 6.00% | 42.42% | |
70 Outperform | £696.41M | 7.17 | 15.23% | 2.74% | 3.97% | 34.09% | |
70 Outperform | £93.42B | 11.87 | 6.03% | 5.67% | -2.24% | ― | |
66 Neutral | £31.13B | 5.98 | 19.40% | 5.00% | -2.83% | -40.42% | |
65 Neutral | £1.45B | 8.87 | 2.17% | 5.27% | 26.84% | -81.73% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
47 Neutral | £22.30M | -2.40 | ― | ― | 0.43% | 15.06% |
Diageo Corporate Events
Diageo has disclosed a series of share transactions by three Executive Committee members under its One World Share Incentive Plan. On 17 March 2026, Sally Grimes and Hannah Brooks acquired American Depositary Shares on the New York Stock Exchange, while John O’Keeffe bought ordinary shares on the London Stock Exchange, each also receiving matching shares at no cost.
The purchases were made through salary deductions to acquire partnership shares, which were then matched on a 1-for-2 basis, in line with the company’s global share ownership framework. The relatively small volumes indicate routine participation in an established incentive plan rather than a strategic change in ownership, signalling ongoing alignment of senior management with shareholder interests.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1465.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has granted new long-term incentive awards to Chief Executive Officer Sir Dave Lewis and Executive Committee member Hannah Brooks under its 2023 Long Term Incentive Plan, tying their compensation to share price performance and continued employment through September 2028. The awards, comprising approved and unapproved share options and conditional share and ADS grants, align leadership rewards with a three-year performance period running from July 2025 to June 2028, underscoring the company’s emphasis on performance-based pay and the long-term interests of shareholders.
For Lewis, the package includes options and conditional awards over ordinary shares at a reference price of £14.66, while Brooks received options and conditional awards over American Depositary Shares priced at $110.00, both granted outside a trading venue on 16 March 2026. By fixing stretching performance conditions for all executives in the F26 cycle and not adjusting them for year-to-date performance, Diageo signals governance stability and a consistent incentive framework, which may offer investors clearer visibility on how executive rewards are linked to future value creation.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc, together with Diageo Finance plc and Diageo Capital B.V., has published a supplement to its base prospectus for its debt issuance programme, updating documentation first dated 20 August 2025. The supplement, approved by the U.K. Financial Conduct Authority and filed with the National Storage Mechanism, underpins the group’s continued access to bond markets and supports ongoing funding flexibility for its operations and investments.
By refreshing the prospectus for its established debt programme, Diageo reinforces its capacity to issue debt instruments efficiently as market conditions allow. This move helps maintain regulatory compliance, bolsters financing optionality and signals the company’s intent to remain an active participant in sterling and international debt capital markets.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed a series of small share transactions by senior executives under its 2001 Share Incentive Plan, in line with UK Market Abuse Regulation reporting requirements. Chief Financial Officer Nik Jhangiani and several Executive Committee members bought partnership shares at £15.19 each on the London Stock Exchange and received matching shares at no cost, underscoring the continued use of share ownership to strengthen management alignment with investors.
The transactions, involving ordinary shares in low individual volumes, are routine elements of Diageo’s long-standing employee share scheme rather than strategic shifts in capital allocation. Even so, regular participation by top management in such plans may be read by the market as a signal of confidence in the company’s prospects and reinforces governance transparency through detailed public disclosure of insider dealings.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed several share transactions by senior executives following the vesting of awards under its 2014 and 2023 Long Term Incentive Plans and a special recruitment award. Chief Financial Officer Nik Jhangiani and Executive Committee members Hannah Brooks, Randall Ingber and Hina Nagarajan received ordinary or American Depositary Shares at nil cost, then sold portions on the London and New York stock exchanges solely to cover tax liabilities associated with the awards.
The transactions, conducted on 9 March 2026 and reported under UK Market Abuse Regulation, reflect routine equity-based compensation rather than discretionary share disposals. The disclosures highlight the ongoing use of share-based incentives in Diageo’s executive pay structure, aligning management remuneration with the company’s share price performance while providing transparency for investors and regulators about insider dealings.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc disclosed that its chair, Sir John Manzoni, has purchased 432 ordinary shares of the company at a price of £15.18 per share. The transaction, executed on 10 March 2026 on the London Stock Exchange, was made under an arrangement with the company and reported in line with U.K. Market Abuse Regulation requirements.
The share purchase by the chair is a relatively small but symbolically important increase in personal stake, underscoring governance transparency and alignment of leadership interests with those of shareholders. Such disclosures can influence investor perceptions of insider confidence in Diageo’s prospects, even when the volumes involved are modest.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has confirmed that as of 28 February 2026 its issued share capital comprised 2,432,425,480 ordinary shares, of which 205,973,302 were held in treasury without voting rights. This leaves a total of 2,226,452,178 voting rights, a key reference figure for shareholders and investors when assessing disclosure obligations and tracking significant changes in ownership under UK transparency rules.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £23.10 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo reported first-half fiscal 2026 net sales of $10.5 billion, down 4%, as organic net sales fell 2.8% on softer demand in North America and continued weakness in Chinese white spirits, despite growth in Europe, Latin America and Africa. Operating profit slipped 1.2% on adverse mix and tariffs, while free cash flow declined to $1.5 billion and management cut full-year guidance to a 2-3% drop in organic net sales and flat to low single-digit growth in organic operating profit.
The group is prioritising balance-sheet strength and financial flexibility, rebasing its dividend with a new 30-50% payout target and a minimum annual floor of 50 cents per share, and declaring an interim dividend of 20 cents. Diageo also expects about $2.3 billion of proceeds from the agreed sale of its stakes in East African Breweries and its Kenyan spirits business, and is pushing ahead with its Accelerate cost-savings programme as new CEO Sir Dave Lewis refocuses strategy on competitiveness, portfolio breadth and customer-centric execution.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed routine share transactions by three Executive Committee members under its One World Share Incentive Plan. Sally Grimes and Hannah Brooks acquired American Depositary Shares on the NYSE, while John O’Keeffe bought ordinary shares in London, each purchase funded via salary deductions and accompanied by the award of matching shares.
The transactions, carried out on 17 February 2026, reflect ongoing alignment of senior executives’ interests with those of shareholders through equity-based compensation. While modest in scale, such activity underscores Diageo’s continued use of share incentive structures to support long‑term commitment and governance transparency for investors.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that Senior Independent Director and Remuneration Committee Chair Susan Kilsby will temporarily serve as Executive Chair of Fortune Brands Innovations, Inc., assuming the chief executive’s duties from 12 February to 13 May 2026 before reverting to her role as Non-Executive Chair there. The move underscores the breadth of Kilsby’s external leadership responsibilities but is framed as a time‑limited appointment, suggesting continuity in Diageo’s own board structure while highlighting the cross‑boardroom influence of one of its key non‑executive directors.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed a series of routine share transactions by senior executives under its 2001 Share Incentive Plan, in line with U.K. Market Abuse Regulation transparency requirements. Chief Financial Officer Nik Jhangiani and several Executive Committee members purchased a small number of partnership shares at £17.84 on the London Stock Exchange and received matching shares at no cost, underscoring ongoing alignment of management incentives with shareholder interests.
The reported dealings involve low volumes of ordinary shares and do not signal any change in control or strategic direction at the company. Instead, they highlight the continued use of share-based remuneration to tie executive rewards to Diageo’s share price performance, a practice that may be viewed positively by investors focused on corporate governance and management–shareholder alignment.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc disclosed that its chair, Sir John Manzoni, purchased 365 ordinary shares in the company on 10 February 2026 on the London Stock Exchange as part of an arrangement with the group. The transaction, carried out at a price of £17.99 per share and reported under UK Market Abuse Regulation rules, underscores board‑level equity alignment and provides additional transparency to investors regarding insider dealings.
The share purchase by the company’s chair may be interpreted by market participants as a modest signal of confidence in Diageo’s prospects, although the volume is relatively small in the context of the group’s overall market capitalization. The disclosure helps maintain regulatory compliance and reinforces governance standards, ensuring that stakeholders are informed about dealings by persons discharging managerial responsibilities.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2000.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed transactions by Executive Committee members Sally Grimes and Hannah Brooks under the company’s One World Share Incentive Plan, in line with UK Market Abuse Regulation requirements. Both executives purchased small amounts of Diageo American Depositary Shares via salary deductions and received corresponding 50% matching share awards, underscoring ongoing alignment of senior management compensation with shareholder interests through equity-based incentives.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed a routine share transaction involving Executive Committee member John O’Keeffe under the company’s One World Share Incentive Plan. On 19 January 2026, O’Keeffe purchased ordinary partnership shares in Diageo using salary deductions and received a corresponding allocation of matching shares, in line with the plan’s 50% match feature, with the purchase executed on the London Stock Exchange and the matching award made off-market, as required under UK Market Abuse Regulation disclosure rules.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has announced that non-executive director John Rishton will take on an additional external leadership role at Imperial Brands PLC, where he has been appointed non-executive director and chair designate from 13 July 2026, becoming chair on 1 December 2026. The move underscores Diageo’s continued reliance on a board with significant cross-industry governance experience, while signalling that Rishton will play an influential role at another FTSE-listed consumer company, a development that may broaden his external commitments but remains consistent with UK corporate governance and listing rules.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that non-executive director Valerie Chapoulaud-Floquet received 60 ordinary shares in the company through its Dividend Reinvestment Plan, tied to the final dividend paid on 4 December 2025. The transaction, executed on 9 December 2025 on the London Stock Exchange in line with UK Market Abuse Regulation requirements, marginally increases the director’s equity exposure and underscores Diageo’s ongoing use of dividend reinvestment to align board members’ interests with those of shareholders.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that its chair, Sir John Manzoni, received 84 ordinary shares in the company under a Dividend Reinvestment Plan in connection with the final dividend paid on 4 December 2025. The small share acquisition, carried out via the London Stock Exchange, forms part of routine regulatory reporting of transactions by senior management and underscores Diageo’s adherence to UK Market Abuse Regulation transparency requirements for director dealings.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed a series of routine share transactions by senior executives under its 2001 Share Incentive Plan, involving the purchase of partnership shares funded by salary deductions and the concurrent award of matching shares. The notified dealings, which include small purchases by Chief Financial Officer Nik Jhangiani and several Executive Committee members at £16.39 per share on 12 January 2026, underscore the company’s ongoing use of equity-based incentives to reinforce management share ownership and comply with UK Market Abuse Regulation transparency requirements.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £23.10 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that its chair, Sir John Manzoni, purchased 397 ordinary shares in the company on 12 January 2026 under an arrangement with the company, at a price of £16.49 per share on the London Stock Exchange. The transaction, reported in line with UK Market Abuse Regulation requirements, marginally increases the chair’s equity stake and may be seen as a modest signal of confidence in the business from a key board-level insider.
The most recent analyst rating on (GB:DGE) stock is a Hold with a £1780.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo plc has reported that as of 31 December 2025 its issued share capital comprised 2,432,425,480 ordinary shares, of which 205,999,299 were held in treasury without voting rights, resulting in a total of 2,226,426,181 voting rights. The updated voting rights figure provides the market and shareholders with the reference denominator required under UK disclosure and transparency rules to determine when they must report holdings or changes in their interests in the company, supporting regulatory compliance and transparency for investors.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2700.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.
Diageo has disclosed that Executive Committee member Dayalan Nayager purchased 28,960 ordinary shares in the company at a price of £16.04 per share on 30 December 2025 via the London Stock Exchange, in a transaction reported under UK Market Abuse Regulation requirements. The director dealing, formally notified on 5 January 2026, signals insider confidence and provides additional transparency to investors and regulators regarding senior management’s equity interests in the group.
The most recent analyst rating on (GB:DGE) stock is a Buy with a £2700.00 price target. To see the full list of analyst forecasts on Diageo stock, see the GB:DGE Stock Forecast page.