Filing Flows › Herbalife (HLF) › Q3 2025
Herbalife (HLF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Herbalife (HLF) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before. Operating margin was 9.9%, net earnings $43.1M (3.4% of revenue).
Herbalife, Q3 2025: revenue $1.3B (+3% year over year), operating margin 9.9%, net earnings $43.1M, operating cash flow $139M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +1% | +3% |
| Gross profit | $990M | +0.7% | +2% |
| Operating profit | $126M | -5% | -1% |
| Net earnings | $43.1M | -12% | -9% |
| Operating cash flow | $139M | +45% | +39% |
| Free cash flow | $118M | +61% | +63% |
What changed
Revenue was $1.3B in Q3 2025, up 3% year over year and up 1% from the previous quarter.
Gross margin was 77.7%, down 0.6 points from a year earlier. Operating profit was $0.13B, a 9.9% margin (down 0.4 points year over year). Operating profit fell $1.3M even though revenue rose $0.03B versus a year earlier, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 3%. Net earnings were $0.04B, down 9% year over year. The effective tax rate was 42.4%.
Operating cash flow was $0.14B (up 39% year over year), 322% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.02B left free cash flow of $0.12B.
Questions
What was Herbalife's revenue in the third quarter 2025?
Herbalife (HLF) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before.
Was Herbalife profitable in the third quarter 2025?
Operating profit was $126M (9.9% of revenue) and net earnings $43.1M.
Source: Herbalife 10-Q on SEC EDGAR.