Filing Flows › Archer-Daniels-Midland (ADM) › How it makes money
How Archer-Daniels-Midland (ADM) makes money
Archer-Daniels-Midland (ADM) made $22.3B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 8¢ was left as gross profit, 4¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $22.3B | 100.0% |
| Cost of revenue | $20.4B | 91.6% |
| Gross profit | $1.9B | 8.4% |
| Operating expenses | $889M | 4.0% |
| Operating profit | $997M | 4.5% |
| Income tax | $171M | 0.8% |
| Net earnings | $826M | 3.7% |
| Operating cash flow | $489M | 2.2% |
| Free cash flow | $182M | 0.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $22.3B | +10% |
| Q2 2026 | $22.7B | +7% |
| Q1 2026 | $20.5B | +2% |
| Q4 2025 | $18.6B | -14% |
| Q3 2025 | $20.4B | +2% |
| Q2 2025 | $21.2B | -5% |
| Q1 2025 | $20.2B | -8% |
From Archer-Daniels-Midland's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Archer-Daniels-Midland make money?
Archer-Daniels-Midland (ADM) made $22.3B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 8¢ was left as gross profit, 4¢ was left as operating profit, 4¢ was left as net earnings.
What is Archer-Daniels-Midland's profit margin?
Net earnings were $826M, 3.7% of revenue, in the third quarter 2026; the operating margin was 4.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.