Filing Flows › Archer-Daniels-Midland (ADM) › Q3 2026
Archer-Daniels-Midland (ADM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Archer-Daniels-Midland (ADM) reported revenue of $22.3B for the third quarter 2026 (Q3 2026), +10% from a year earlier and -2% from the quarter before. Operating margin was 4.5%, net earnings $826M (3.7% of revenue).
Archer-Daniels-Midland, Q3 2026: revenue $22.3B (+10% year over year), operating margin 4.5%, net earnings $826M, operating cash flow $489M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.3B | -2% | +10% |
| Gross profit | $1.9B | -3% | +49% |
| Operating profit | $997M | -8% | +578% |
| Net earnings | $826M | -9% | +651% |
| Operating cash flow | $489M | -57% | -73% |
| Free cash flow | $182M | -79% | -88% |
What changed
Revenue was $22.3B in Q3 2026, up 10% year over year and down 2% from the previous quarter.
Gross margin was 8.4%, up 2.2 points from Q3 2025. Operating profit was $1.0B, a 4.5% margin (up 3.7 points year over year). Of the extra revenue versus Q3 2025, 43% reached operating profit, above the 1% margin then. Operating expenses fell 21% while revenue rose 10%. Net earnings were $0.82B, up 660% year over year. The effective tax rate was 17.2%.
Operating cash flow was $0.49B (down 73% year over year), 59% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.67B. Capital expenditures of $0.31B left free cash flow of $0.18B.
Questions
What was Archer-Daniels-Midland's revenue in the third quarter 2026?
Archer-Daniels-Midland (ADM) reported revenue of $22.3B for the third quarter 2026 (Q3 2026), +10% from a year earlier and -2% from the quarter before.
Was Archer-Daniels-Midland profitable in the third quarter 2026?
Operating profit was $997M (4.5% of revenue) and net earnings $826M.