AVY at a glance
Avery Dennison (AVY, SEC CIK 8818) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as September 16, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Avery Dennison (AVY) reported revenue of $8.9 billion (up 1.1% from FY2024) and net income of $688.0 million. Diluted EPS was $8.79.
- As of June 30, 2026, 40 institutional investment managers tracked by SignalX reported holding Avery Dennison (AVY) shares worth $5.9 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Colisto Nicholas on September 15, 2026 of 3,886 shares at $170.68 per share.
- In the last 90 days, AVY insiders reported 0 open-market purchases ($0) and 2 open-market sales ($962K) on Form 4, a net sale of $962K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $8.9B
- +1.1% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$962K
- 13F holders
- 40 funds
- $5.9B · +1 vs prior quarter
- Latest 8-K
- Aug 19, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Tariffs: U.S. 10% global baseline tariff + escalated China/EU rates caused low single-digit % sales decline in apparel categories Q2–Q4 2025; IEEPA Supreme Court ruling Feb 2026 adds policy instability
- ~69% of net sales outside U.S. in 2025; ~40% from emerging markets with China political/regulatory exposure and Russia market fully suspended since 2022
- Supply chain vulnerability: raw materials represent significant cost portion; any sustained supplier disruption risks sales/profitability with no single alternative sourcing detail disclosed
- $3.73B total debt at Dec 31, 2025 with ~$739M average variable-rate borrowings exposed to interest rate moves; Revolver leverage covenant limits financial flexibility
- Taylor Adhesives acquired 2025 for ~$390M; integration risk plus $2.27B goodwill on balance sheet subject to impairment if cash flow projections disappoint
Management Discussion & Analysis
- Revenue $8,855.5M in 2025, up from $8,755.7M in 2024 (+1.1% YoY); organic sales flat, higher volume offset by raw material deflation-related price reductions
- Net income $688M vs $704.9M in 2024; gross margin 28.7% vs 28.9%; effective tax rate 25.6% vs 26.1%
- Materials Group best performer: net sales $6,093.3M vs $6,013M; Solutions Group net sales $2,762.2M vs $2,742.7M; both segments saw adjusted operating income decline slightly ($922.2M vs $924.7M and $286.3M vs $289.3M)
- Adjusted free cash flow $707.1M vs $699.5M; capex $169M vs $208.8M; dividends $288.4M; share repurchases $572.3M (3.2M shares); acquired Taylor Adhesives for ~$390M
- 2026 outlook: favorable FX translation impact anticipated; higher interest expense headwind; effective tax rate mid-20% range; tariff-related demand uncertainty persists, notably low-single-digit apparel sales decline in 2025
Business Overview
- Global leader in materials science and digital ID solutions; two segments: Materials Group (~69% of sales) and Solutions Group (~31%)
- Acquired Taylor Adhesives (flooring adhesives) for ~$390M in 2025, expanding materials science into new end-market
- Made venture investments in five technology companies during 2025, signaling accelerated external innovation strategy
- ~35,000 employees at year-end 2025; ~20,000 (~58%) in Asia Pacific; ~83% of workforce outside U.S.
- Recordable Incident Rate of 0.17 vs. OSHA manufacturing industry average of 2.7: 16x safer than industry benchmark
AI summary of the AVY 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $2,462.9M vs $2,220.5M, up 11% YoY; organic sales increased 8%
- Q2 net income $204.1M vs $189.0M; effective tax rate 27.8% vs 26.0%
- Materials Group best performer: sales $1,796.1M and adjusted operating income $284.0M vs $242.5M
- Operating cash flow $544.7M vs $192.5M; adjusted free cash flow $469.8M vs $135.8M
- Outlook: higher interest expense, high-twenty-percent tax rate, restructuring savings, normalized temporary cost savings headwind
Risk Factors
- New tariff exposure: July 2026 U.S. tariffs of 10.0% and 12.5% on imports from 60 countries
- Regulatory risk: DOJ appeal challenges refunds for non-litigants on liquidated tariff entries
- Demand risk: tariff-related effects caused a low-single-digit sales decrease in apparel categories during 2025
- Geopolitical risk: Middle East conflicts affected operations in a region representing approximately 2% of 2025 net sales
- Foreign-market exposure: approximately 69% of 2025 net sales originated outside the U.S.
AI summary of the AVY 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- William Wagner becomes independent Board Chair September 1, 2026, strengthening independent oversight
- Mitchell Butier remains non-executive Chairman through August 31, 2026, then continues as non-independent director
Item 2.02: Results of Operations and Financial Condition
- Preliminary, unaudited Q2 2026 results and full-year 2026 guidance announced July 30, 2026
- Press release and supplemental financial review furnished as Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- 2Q26 sales $2.46B, up 10.9%; organic growth 7.6%, indicating broad underlying demand beyond currency and acquisitions
- Adjusted EPS $2.89, up 19.4%, with adjusted operating margin rising to 13.6% from 12.9%
AI summaries of AVY 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AVY
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Colisto Nicholas | Sell | Sep 15, 2026 | 3,886 | $170.68 |
| Wagner William Raymond | A | Sep 1, 2026 | 344 | - |
| Allouche Danny Gilad | A | Sep 1, 2026 | 351 | - |
| Allouche Danny Gilad | A | Sep 1, 2026 | 2,866 | - |
| Allouche Danny Gilad | A | Sep 1, 2026 | 243 | - |
| Butier Mitchell R | I | Aug 14, 2026 | 2,184.579 | $178.93 |
| Butier Mitchell R | I | Aug 13, 2026 | 2,184.579 | $180.01 |
| Walker Ignacio J | Sell | Aug 4, 2026 | 1,742 | $171.61 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $8.8B | $8.9B |
| Gross Profit | $2.3B | $2.5B | $2.5B |
| Net Income | $503.0M | $704.9M | $688.0M |
| Gross Margin | - | 28.9% | 28.8% |
| Net Margin | - | 8.1% | 7.8% |
| Balance Sheet | |||
| Total Assets | - | $8.4B | $8.8B |
| Equity | - | $2.3B | $2.2B |
| ROE | - | 30.5% | 30.7% |
| Per Share | |||
| EPS | - | $8.73 | $8.79 |
| Cash Flow | |||
| Operating CF | $826.0M | $938.8M | $881.4M |
| CapEx | $265.3M | $208.8M | $169.0M |
Source: XBRL data in Avery Dennison (AVY)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AVY share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 40 | $5.91B |
| Q1 2026 | 39 | $6.09B |
| Q4 2025 | 37 | $6.32B |
| Q3 2025 | 40 | $5.70B |
| Q2 2025 | 37 | $5.91B |
| Q1 2025 | 35 | $4.79B |
| Q4 2024 | 31 | $4.23B |
| Q3 2024 | 26 | $2.71B |
- Ameriprise Financial+394.7K (+21%)
- State Street Corp+289.7K (+8%)
- Invesco Ltd+213.2K (+16%)
- Dimensional Fund Advisors+174.0K (+20%)
- Bank of America Corp+142.4K (+19%)
- Millennium Management−169.1K (-64%)
- AQR Capital Management−134.3K (-30%)
- BNY Mellon−103.6K (-14%)
- Morgan Stanley−90.5K (-2%)
- Citadel Advisors LLC−43.5K (-20%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 285 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AVY filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 5, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 8-K | Aug 19, 2026 | - | Analysis | - |
| 4 | Aug 17, 2026 | - | - | - |
| SC 13G | Aug 7, 2026 | - | - | |
| 4 | Aug 5, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 27, 2026 | - | - | - |
| 8-K | Jun 4, 2026 | - | Analysis | |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 4 | May 4, 2026 | - | - | - |
| 8-K | May 1, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 28, 2026 | - | - |
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AVY SEC filings: frequently asked questions
Are AVY insiders buying or selling?
In the last 90 days, Avery Dennison (AVY) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $962,209 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold AVY stock?
As of June 30, 2026, the largest Avery Dennison (AVY) holders among the 13F filers tracked by SignalX were BlackRock ($1.1 billion), Vanguard Capital Management LLC ($812.4 million), Vanguard Portfolio Management LLC ($789.9 million), State Street Corp ($656.7 million), Morgan Stanley ($575.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AVY's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Avery Dennison (AVY) reported revenue of $8.9 billion (up 1.1% from FY2024) and net income of $688.0 million. Diluted EPS was $8.79. The figures come from the XBRL data in the 10-K.
What are the main risks in AVY's latest 10-K?
In the 10-K filed February 25, 2026, Avery Dennison (AVY) flagged: Tariffs: U.S. 10% global baseline tariff + escalated China/EU rates caused low single-digit % sales decline in apparel categories Q2–Q4 2025; IEEPA Supreme Court ruling Feb 2026 adds policy instability. ~69% of net sales outside U.S. in 2025; ~40% from emerging markets with China political/regulatory exposure and Russia market fully suspended since 2022. (AI summary of the Risk Factors section.)
What did AVY report in its latest 8-K?
Avery Dennison (AVY) filed an 8-K on August 19, 2026 reporting Item 8.01 (Other Events). William Wagner becomes independent Board Chair September 1, 2026, strengthening independent oversight.
What are the latest AVY SEC filings?
Avery Dennison (AVY) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on September 16, 2026.
What is AVY's SEC CIK number?
Avery Dennison (AVY)'s SEC Central Index Key (CIK) is 8818. EDGAR lists every AVY filing under that number.
Ask anything about AVY
The research agent reads AVY's filings, financials, insider trades and 13F holders, then answers with sources.