This annual report provides an overview of EU dairy farms based on the latest available data from the Farm Accountancy Data Network (FADN) for 2013. It provides trends in milk margin per tonne and in income per work unit from 2004 to 2013, and estimates of gross milk margins for 2014. The sample of milk specialised farms for 2013 represented 89% of dairy cows and 96% of milk production in the 28 EU Member States (EU-28).