Naspers Past Earnings Performance
Past criteria checks 4/6
Naspers's earnings have been declining at an average annual rate of -13.1%, while the Multiline Retail industry saw earnings growing at 7.7% annually. Revenues have been growing at an average rate of 5.3% per year. Naspers's return on equity is 24%, and it has net margins of 73.2%.
Key information
-13.06%
Earnings growth rate
8.17%
EPS growth rate
| Multiline Retail Industry Growth | 6.54% |
| Revenue growth rate | 5.34% |
| Return on equity | 24.00% |
| Net Margin | 73.16% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Recent updates
Do Naspers' (JSE:NPN) Earnings Warrant Your Attention?
Dec 09
Naspers (JSE:NPN) Could Easily Take On More Debt
Nov 26Investors Appear Satisfied With Naspers Limited's (JSE:NPN) Prospects
Nov 09Is Now An Opportune Moment To Examine Naspers Limited (JSE:NPN)?
Oct 03Naspers (JSE:NPN) Might Have The Makings Of A Multi-Bagger
Aug 15Naspers Limited's (JSE:NPN) Earnings Haven't Escaped The Attention Of Investors
Jul 31Naspers' (JSE:NPN) Earnings Are Of Questionable Quality
Jun 30Should You Investigate Naspers Limited (JSE:NPN) At R5,235?
Jun 23
AI-Driven E-commerce And Capital Investments Will Transform Operations
Strategic investments in competitive regions and AI-driven innovations aim to enhance revenue, net margins, and operational efficiency.Is Naspers (JSE:NPN) Using Too Much Debt?
Mar 27Why Investors Shouldn't Be Surprised By Naspers Limited's (JSE:NPN) 27% Share Price Surge
Feb 18Is Naspers (JSE:NPN) Using Too Much Debt?
Dec 27Revenue & Expenses Breakdown
How Naspers makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 7,855 | 5,747 | 3,164 | 0 |
| 30 Jun 25 | 7,518 | 5,559 | 2,969 | 0 |
| 31 Mar 25 | 7,181 | 5,370 | 2,773 | 0 |
| 30 Sep 24 | 6,867 | 3,470 | 2,722 | 0 |
| 30 Jun 24 | 6,649 | 3,298 | 2,685 | 0 |
| 31 Mar 24 | 6,431 | 3,125 | 2,647 | 0 |
| 31 Dec 23 | 6,320 | 3,870 | 2,609 | 0 |
| 30 Sep 23 | 6,208 | 4,615 | 2,570 | 0 |
| 30 Jun 23 | 6,084 | 4,320 | 2,439 | 0 |
| 31 Mar 23 | 5,960 | 4,024 | 2,307 | 0 |
| 30 Sep 22 | 5,790 | 2,301 | 2,099 | 0 |
| 30 Jun 22 | 6,042 | 7,236 | 2,277 | 0 |
| 31 Mar 22 | 6,294 | 12,170 | 2,454 | 0 |
| 31 Dec 21 | 7,164 | 13,122 | 3,058 | 0 |
| 30 Sep 21 | 6,700 | 14,114 | 3,221 | 0 |
| 30 Jun 21 | 6,317 | 9,709 | 3,077 | 0 |
| 31 Mar 21 | 5,934 | 5,304 | 2,932 | 0 |
| 31 Dec 20 | 5,351 | 4,142 | 2,508 | 0 |
| 30 Sep 20 | 4,768 | 2,980 | 2,083 | 0 |
| 30 Jun 20 | 4,385 | 3,039 | 2,022 | 0 |
| 31 Mar 20 | 4,001 | 3,097 | 1,960 | 0 |
| 30 Sep 19 | 3,509 | 3,041 | 1,830 | 0 |
| 30 Jun 19 | 3,400 | 3,592 | 1,773 | 0 |
| 31 Mar 19 | 3,291 | 4,142 | 1,716 | 0 |
| 30 Sep 18 | 1,392 | 13,435 | 1,277 | 0 |
| 30 Jun 18 | 2,189 | 12,302 | 1,503 | 0 |
| 31 Mar 18 | 2,985 | 11,168 | 1,728 | 0 |
| 31 Dec 17 | 6,452 | 7,113 | 2,764 | 0 |
| 30 Sep 17 | 6,245 | 2,875 | 2,743 | 0 |
| 30 Jun 17 | 6,172 | 2,606 | 2,785 | 0 |
| 31 Mar 17 | 6,098 | 2,337 | 2,827 | 0 |
| 31 Dec 16 | 6,002 | 1,638 | 2,726 | 0 |
| 30 Sep 16 | 5,905 | 938 | 2,624 | 0 |
| 30 Jun 16 | 5,918 | 966 | 2,524 | 0 |
| 31 Mar 16 | 5,930 | 994 | 2,423 | 0 |
| 31 Dec 15 | 6,253 | 1,044 | 2,468 | 0 |
| 30 Sep 15 | 7,066 | 1,220 | 2,701 | 0 |
| 30 Jun 15 | 6,646 | 1,194 | 2,547 | 0 |
| 31 Mar 15 | 6,569 | 1,257 | 2,525 | 0 |
| 31 Dec 14 | 6,243 | 1,130 | 2,426 | 0 |
Quality Earnings: NPN has a large one-off gain of $6.9B impacting its last 12 months of financial results to 30th September, 2025.
Growing Profit Margin: NPN's current net profit margins (73.2%) are higher than last year (50.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NPN's earnings have declined by 13.1% per year over the past 5 years.
Accelerating Growth: NPN's earnings growth over the past year (65.6%) exceeds its 5-year average (-13.1% per year).
Earnings vs Industry: NPN earnings growth over the past year (65.6%) exceeded the Multiline Retail industry 5.2%.
Return on Equity
High ROE: NPN's Return on Equity (24%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/11 16:39 |
| End of Day Share Price | 2025/12/11 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Naspers Limited is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Maurice Patrick | Barclays |
| Andrew Ross | Barclays |
| John-Paul Davids | Barclays |