ASOS (CHIX:ASCL) Pre-Tax Income: £-178 Mil (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:ASCL ASOS PLC CHIX:ASCL
60 GF Score
Price £3.95
GF Value £2.37
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is ASOS Pre-Tax Income?

ASOS CHIX:ASCL +1.41% 60 Pre-Tax Income is £-178 Mil as of Feb. 2026. GuruFocus rates CHIX:ASCL with a GF Score™ of 60/100 and a GF Value™ of £2.37 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. ASOS's pretax income for the six months ended in Feb. 2026 was £-138 Mil. Its pretax income for the trailing twelve months (TTM) ended in Feb. 2026 was £-178 Mil. ASOS's pretax margin was -12.36%.

During the past 13 years, ASOS's highest Pretax Margin was 4.53%. The lowest was -13.05%. And the median was 2.09%.


ASOS  (CHIX:ASCl) Pre-Tax Income Explanation

ASOS's Pretax Margin for the quarter that ended in Feb. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=-137.9/1116
=-12.36%

During the past 13 years, ASOS's highest Pretax Margin was 4.53%. The lowest was -13.05%. And the median was 2.09%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ASOS Pre-Tax Income Related Terms


ASOS Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for ASOS's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASOS Pre-Tax Income Chart

ASOS Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.10 -31.90 -296.70 -379.30 -281.60

ASOS Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -270.00 -109.30 -241.50 -40.10 -137.90

CHIX:ASCL vs AMZN, BABA, PDD: Pre-Tax Income Comparison

For the Internet Retail subindustry, ASOS's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASOS Pre-Tax Income vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ASOS's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where ASOS's Pre-Tax Income falls into.


CHIX:ASCL
60GF Score
ASOS PLC CHIX:ASCL
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASOS Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

ASOS's Pretax Income for the fiscal year that ended in Aug. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-35+0+-74.1+4.8+-177.3
=-282

ASOS's Pretax Income for the quarter that ended in Feb. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-100.9+0+-38.4+1.4+0
=-138

Pre-Tax Income for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-178 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of £-178 Mil mean?
ASOS (CHIX:ASCL) has a Pre-Tax Income of £-178 Mil as of Feb. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on ASOS and its competitors.
Is ASOS's Pre-Tax Income too high?
ASOS's current Pre-Tax Income is £-178 Mil. Overall, ASOS has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASOS's Pre-Tax Income compare to AMZN and BABA?
ASOS's Pre-Tax Income of £-178 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Retail - Cyclical company?
A good Pre-Tax Income depends on the Retail - Cyclical industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on ASOS and its competitors. ASOS's current Pre-Tax Income is £-178 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASOS stock overvalued right now?
Based on GuruFocus' analysis, ASOS (CHIX:ASCL) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.37, compared to a current price of £3.95 — trading 66.5% above its estimated fair value. The current Pre-Tax Income is £-178 Mil. ASOS's overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For ASOS (CHIX:ASCL), the current Pre-Tax Income is £-178 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ASOS (CHIX:ASCL) Overvalued in 2026?

Based on GuruFocus' analysis, ASOS stock appears to be overvalued. The current stock price of £3.95 is trading 66.5% above its estimated GF Value™ of £2.37. GuruFocus considers ASOS to be Significantly Overvalued.

Key valuation signals for CHIX:ASCL:

  • Pre-Tax Income: £-178 Mil
  • GF Value™: £2.37 vs. price of £3.95 (66.5% above fair value)
  • GF Score™: 60/100 with 8 warning signs

No single metric tells the full story. See the CHIX:ASCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASOS Business Description

Address Hampstead Road, Greater London House, London, GBR, NW1 7FB
Asos is a global e-commerce player focusing on fashion and cosmetics and targeting the youth segment (20-somethings) globally. Of its revenue, 45% comes from its UK home market, 30% from other European Union countries, 13% from the United States, 12% from the rest of the world. The company ships to 240 countries from its three warehouses located in the UK, continental Europe, and the United States. It offers over 85 000 products on its website from third-party brands and its own labels.
60GF Score

Get the complete analysis for CHIX:ASCL

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£3.95
Price
£2.37
GF Value