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How WD-40 COMPANY makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$620M · 100%Cost of revenue$279M · 45%Gross profit$341M · 55%Operating income$104M · 17%Income before tax$102M · 16%Income tax$10.6M · 2%Net income$91M · 15%As of 2025-08-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$620M100%
Cost of revenue$279M45%
$341M55%
$104M17%
Income before tax$102M16%
Income tax$10.6M2%
$91M15%
Source: · event Aug 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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