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Campbell's (CPB) operating margin by quarter

Campbell's operating margin was 10.1% in Q3 FY26 (third quarter fiscal 2026), -0.5 pts from Q2 FY26. Over the last 6 quarters it ranged from 6.5% (Q3 FY25) to 12.6% (Q1 FY26).

Campbell's operating margin by quarterCampbell's operating margin by quarter12.2%Q2 FY256.5%Q3 FY2511.6%Q4 FY2512.6%Q1 FY2610.6%Q2 FY2610.1%Q3 FY26
QuarterOperating marginQ/QY/Y
Q3 FY2610.1%-0.5 pts+3.6 pts
Q2 FY2610.6%-1.9 pts-1.5 pts
Q1 FY2612.6%+1.0 pts—
Q4 FY2511.6%+5.1 pts—
Q3 FY256.5%-5.7 pts—
Q2 FY2512.2%——

Q3 FY26 at a glance

Campbell's, Q3 FY26: revenue $2.4B (-4% year over year), operating margin 10.1%, net earnings $124M, operating cash flow $99.0M. The chart follows the revenue to costs, profit and cash.

Questions

What is Campbell's operating margin?

Campbell's operating margin was 10.1% in Q3 FY26 (third quarter fiscal 2026), -0.5 pts from Q2 FY26.

How has Campbell's operating margin changed?

Over the last 6 quarters it ranged from 6.5% (Q3 FY25) to 12.6% (Q1 FY26).

Q3 FY26 results → · How Campbell's makes money →