Filing Flows › Campbell's (CPB) › Q3 FY26 › vs Q3 FY25
Campbell's (CPB) Q3 FY26 vs Q3 FY25 (year over year)
Campbell's's revenue fell $109M (-4%) from $2.5B in Q3 FY25 to $2.4B in Q3 FY26. The biggest changes: Soup −$43.0M (-7%); Snacks −$35.0M (-3%); Other Simple Meals −$29.0M (-5%). Operating margin 10.1% against 6.5% (+3.6 pts).
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 draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 10.1% | 6.5% | +3.6 pts |
| Net margin | 5.2% | 2.7% | +2.6 pts |
| Free cash flow margin | 1.2% | 2.0% | -0.8 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Snacks | $1.0B | $1.1B | −$35.0M | -3% |
| Soup | $578M | $621M | −$43.0M | -7% |
| Other Simple Meals | $578M | $607M | −$29.0M | -5% |
| Beverages | $177M | $179M | −$2.0M | -1% |
| Revenue | $2.4B | $2.5B | −$109M | -4% |
| Operating profit | $239M | $161M | $78.0M | +48% |
| Costs & expenses | $2.1B | $2.3B | −$187M | -8% |
| Pre-tax earnings | $159M | $81.0M | $78.0M | +96% |
| Other expense, net | $80.0M | $80.0M | $0 | 0% |
| Cost of revenue | $1.7B | $1.7B | −$31.0M | -2% |
| Research & development | $25.0M | $23.0M | $2.0M | +9% |
| Sales & marketing | $214M | $216M | −$2.0M | -0.9% |
| General & admin | $155M | $162M | −$7.0M | -4% |
| Other operating costs | $17.0M | $166M | −$149M | -90% |
| Net earnings | $124M | $66.0M | $58.0M | +88% |
| Income tax | $35.0M | $15.0M | $20.0M | +133% |
| Operating cash sources | $244M | $191M | $53.0M | +28% |
| Depreciation & amortization | $105M | $109M | −$4.0M | -4% |
| Share-based compensation | $15.0M | $16.0M | −$1.0M | -6% |
| Working capital & other | $145M | $56.0M | $89.0M | +159% |
| Operating cash flow | $99.0M | $135M | −$36.0M | -27% |
| Free cash flow (OCF − capex) | $29.0M | $50.0M | −$21.0M | -42% |
| Capital expenditures | $70.0M | $85.0M | −$15.0M | -18% |
Questions
How much did Campbell's's revenue grow year over year in Q3 FY26?
Campbell's's revenue fell $109M (-4%) from $2.5B in Q3 FY25 to $2.4B in Q3 FY26.
What drove Campbell's's revenue change in Q3 FY26?
Soup −$43.0M (-7%); Snacks −$35.0M (-3%); Other Simple Meals −$29.0M (-5%).