Filing Flows › Archer-Daniels-Midland (ADM) › Q2 2025
Archer-Daniels-Midland (ADM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Archer-Daniels-Midland (ADM) reported revenue of $21.2B for the second quarter 2025 (Q2 2025), -5% from a year earlier and +5% from the quarter before. Operating margin was 1.3%, net earnings $217M (1.0% of revenue).
Archer-Daniels-Midland, Q2 2025: revenue $21.2B (-5% year over year), operating margin 1.3%, net earnings $217M, operating cash flow $4.3B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.2B | +5% | -5% |
| Gross profit | $1.4B | +16% | -2% |
| Operating profit | $279M | -21% | -53% |
| Net earnings | $217M | -26% | -55% |
| Operating cash flow | $4.3B | — | +818% |
| Free cash flow | $4.0B | — | 38× |
What changed
Revenue was $21.2B in Q2 2025, down 5% year over year and up 5% from the previous quarter.
Gross margin was 6.5%, up 0.2 points from a year earlier. Operating profit was $0.28B, a 1.3% margin (down 1.4 points year over year). Operating expenses grew 36% against a revenue fall of 5%. Net earnings were $0.22B, down 55% year over year. The effective tax rate was 22.2%.
Operating cash flow was $4.3B (up 818% year over year), 1981% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $3.8B. Capital expenditures of $0.30B left free cash flow of $4.0B.
Questions
What was Archer-Daniels-Midland's revenue in the second quarter 2025?
Archer-Daniels-Midland (ADM) reported revenue of $21.2B for the second quarter 2025 (Q2 2025), -5% from a year earlier and +5% from the quarter before.
Was Archer-Daniels-Midland profitable in the second quarter 2025?
Operating profit was $279M (1.3% of revenue) and net earnings $217M.