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v3.26.1

Consolidated statements of changes in equity - EUR (€) € in Millions | Total | Attributable to equity holders of Sanofi | Share capital | Additional paid-in capital | Treasury shares | Reserves and retained earnings | Stock options and other share-based payments | Other comprehensive income | Attributable to non-controlling interests
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2024 |  | € 77,857 | € 77,507 | € 2,526 | € 0 | € (840) | € 68,185 | € 5,260 | € 2,376 | € 350
Other comprehensive income for the period |  | (4,774) | (4,736) |  |  |  | 243 |  | (4,979) | (38)
Net income for the period |  | 5,837 | 5,812 |  |  |  | 5,812 |  |  | 25
Comprehensive income |  | 1,063 | 1,076 |  |  |  | 6,055 |  | (4,979) | (13)
Dividend paid out of earnings |  | (4,772) | (4,772) |  |  |  | (4,772) |  |  |
Payment of dividends to non-controlling interests |  | (32) |  |  |  |  |  |  |  | (32)
Share repurchase program | [1] | (3,988) | (3,988) |  |  | (3,988) |  |  |  |
Reduction in share capital |  | 0 | 0 | (74) |  | 3,868 | (3,794) |  |  |
Tax on share cancellations | [2] | (15) | (15) |  |  | (15) |  |  |  |
Share-based payment plans: |  |  |  |  |  |  |  |  |  |
Exercise of stock options |  | 15 | 15 | 1 | 14 |  |  |  |  |
Issuance of restricted shares and vesting of existing restricted shares |  | 0 | 0 | 3 | (3) |  |  |  |  |
Value of services obtained from employees |  | 177 | 177 |  |  |  |  | 177 |  |
Tax effects of share-based payments |  | (7) | (7) |  |  |  |  | (7) |  |
Other changes arising from issuance of restricted shares | [3] | 15 | 15 |  |  |  | 15 |  |  |
Other changes in non-controlling interests | [4] | (34) |  |  |  |  |  |  |  | (34)
Ending balance at Jun. 30, 2025 |  | € 70,279 | 70,008 | 2,456 | 11 | (975) | 65,689 | 5,430 | (2,603) | 271
Share-based payment plans: |  |  |  |  |  |  |  |  |  |
Dividend paid per share (in euros per share) |  | € 3.92 |  |  |  |  |  |  |  |
Other comprehensive income for the period |  | € 84 | 89 |  |  |  | (71) |  | 160 | (5)
Net income for the period |  | 2,014 | 2,001 |  |  |  | 2,001 |  |  | 13
Comprehensive income |  | 2,098 | 2,090 |  |  |  | 1,930 |  | 160 | 8
Payment of dividends to non-controlling interests |  | (12) |  |  |  |  |  |  |  | (12)
Share repurchase program | [1] | (1,027) | (1,027) |  |  | (1,027) |  |  |  |
Reduction in share capital |  | 0 | 0 | (22) | (170) | 934 | (742) |  |  |
Tax on share cancellations | [2] | (4) | (4) |  |  | (4) |  |  |  |
Exercise of stock options |  | 0 |  |  |  |  |  |  |  |
Issuance of restricted shares and vesting of existing restricted shares |  | 0 |  |  |  |  |  |  |  |
Employee share ownership plan |  | 165 | 165 | 5 | 160 |  |  |  |  |
Value of services obtained from employees |  | 142 | 142 |  |  |  |  | 142 |  |
Tax effects of share-based payments |  | 0 |  |  |  |  |  |  |  |
Other changes in non-controlling interests | [4] | 68 |  |  |  |  |  |  |  | 68
Ending balance at Dec. 31, 2025 |  | 71,710 | 71,376 | 2,439 | 1 | (1,072) | 66,877 | 5,572 | (2,441) | 334
Other comprehensive income for the period |  | 1,617 | 1,605 |  |  |  | 290 |  | 1,315 | 12
Net income for the period |  | 1,997 | 1,957 |  |  |  | 1,957 |  |  | 40
Comprehensive income |  | 3,614 | 3,562 |  |  |  | 2,247 |  | 1,315 | 52
Dividend paid out of earnings |  | (4,923) | (4,923) |  |  |  | (4,923) |  |  |
Payment of dividends to non-controlling interests |  | (26) |  |  |  |  |  |  |  | (26)
Share repurchase program | [1] | (1,003) | (1,003) |  |  | (1,003) |  |  |  |
Reduction in share capital | [1] | 0 | 0 | (15) |  | 596 | (581) |  |  |
Tax on share cancellations | [2] | (3) | (3) |  |  | (3) |  |  |  |
Share-based payment plans: |  |  |  |  |  |  |  |  |  |
Exercise of stock options |  | 3 | 3 |  | 3 |  |  |  |  |
Issuance of restricted shares and vesting of existing restricted shares | [1] | 0 | 0 | 4 | (4) | 102 | (102) |  |  |
Value of services obtained from employees |  | 184 | 184 |  |  |  |  | 184 |  |
Tax effects of share-based payments |  | 1 | 1 |  |  |  |  | 1 |  |
Other changes arising from issuance of restricted shares | [3] | 10 | 10 |  |  |  | 10 |  |  |
Ending balance at Jun. 30, 2026 |  | € 69,567 | € 69,207 | € 2,428 | € 0 | € (1,380) | € 63,528 | € 5,757 | € (1,126) | € 360
Share-based payment plans: |  |  |  |  |  |  |  |  |  |
Dividend paid per share (in euros per share) |  | € 4.12 |  |  |  |  |  |  |  |
[1] | See Note B.8.2 and B.8.3. (for amounts relating to 2025, see Note D.15.4. to the consolidated financial statements for the year ended December 31, 2025).
[2] | Reflects new regulations implemented on the taxation of share cancellations in Article 95 of the French Finance Bill for 2025.
[3] | This line comprises the impact of the issuance of restricted shares to former employees of Opella subsequent to the date on which Sanofi lost control of Opella.
[4] | This line mainly comprises changes in non-controlling interests arising from divestments and acquisitions.

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