Filing Flows › Archer-Daniels-Midland (ADM) › Q2 2026 › vs Q2 2025
Archer-Daniels-Midland (ADM) Q2 2026 vs Q2 2025 (year over year)
Archer-Daniels-Midland's revenue rose $1.5B (+7%) from $21.2B in Q2 2025 to $22.7B in Q2 2026. Gross margin 8.5% against 6.5% (+2.1 pts).
Archer-Daniels-Midland, Q2 2026: revenue $22.7B (+7% year over year), operating margin 4.8%, net earnings $912M, operating cash flow $1.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 8.5% | 6.5% | +2.1 pts |
| Operating margin | 4.8% | 1.3% | +3.5 pts |
| Net margin | 4.0% | 1.0% | +3.0 pts |
| Free cash flow margin | 3.9% | 18.9% | -15.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $22.7B | $21.2B | $1.5B | +7% |
| Gross profit | $1.9B | $1.4B | $565M | +41% |
| Cost of revenue | $20.7B | $19.8B | $950M | +5% |
| Operating profit | $1.1B | $279M | $809M | +290% |
| Operating expenses | $847M | $1.1B | −$244M | -22% |
| Pre-tax earnings | $1.1B | $279M | $809M | +290% |
| Net earnings | $912M | $217M | $695M | +320% |
| Income tax | $176M | $62.0M | $114M | +184% |
| Depreciation & amortization | $293M | $291M | $2.0M | +0.7% |
| Share-based compensation | $74.0M | $22.0M | $52.0M | +236% |
| Working capital & other | $130M | −$3.8B | $3.9B | — |
| Operating cash flow | $1.1B | $4.3B | −$3.1B | -73% |
| Free cash flow (OCF − capex) | $877M | $4.0B | −$3.1B | -78% |
| Capital expenditures | $272M | $305M | −$33.0M | -11% |
Questions
How much did Archer-Daniels-Midland's revenue grow year over year in Q2 2026?
Archer-Daniels-Midland's revenue rose $1.5B (+7%) from $21.2B in Q2 2025 to $22.7B in Q2 2026. Gross margin 8.5% against 6.5% (+2.1 pts).