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Hershey (HSY) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Hershey (HSY) Q3 2026 earnings results →
Q3 2026 Revenue up 3% year over year to $3.3B · 18¢ of every $1 of revenue kept as net profit · operating margin 25.0%
Hershey made $3.3B in Q3 2026 (+3% Y/Y). Operating margin 25.0%, net earnings $581M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.3B in Q3 2026, up 3% year over year and up 18% from the previous quarter.
Gross margin was 46.1%, up 13.5 points from Q3 2025. Operating profit was $0.82B, a 25.0% margin (up 11.3 points year over year). Of the extra revenue versus Q3 2025, 407% reached operating profit, above the 14% margin then. Operating expenses grew 15% against revenue growth of 3%. Net earnings were $0.58B, up 110% year over year. The effective tax rate was 24.4%.
Operating cash flow was $0.75B (down 11% year over year), 129% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.10B left free cash flow of $0.65B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $3.3B | +3% | 25.0% | $581M | $751M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $2.8B | +7% | 23.1% | $458M | $419M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $3.1B | +11% | 20.6% | $435M | $469M |
| Q4 2025 | 10-K | Feb 17, 2026 | $3.1B | +7% | 14.4% | $320M | $927M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $3.2B | +6% | 13.7% | $276M | $842M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $2.6B | +26% | 7.4% | $62.7M | $112M |
| Q1 2025 | 10-Q | May 1, 2025 | $2.8B | -14% | 13.2% | $224M | $397M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
About Hershey
The Hershey Company was incorporated under the laws of the State of Delaware on October 24, 1927 as a successor to a business founded in 1894 by Milton S. Hershey. In this report, the terms “Hershey,” “Company,” “we,” “us” or “our” mean The Hershey Company and its wholly-owned subsidiaries and entities in which it has a controlling financial interest, unless the context indicates otherwise. Hershey is a global confectionery leader known for making more moments of goodness through chocolate, sweets, mints, and other great tasting snacks. We are the largest producer of quality chocolate in North America, a leading snack maker in the United States and a global leader in chocolate and non-chocolate confectionery. We market, sell, and distribute our products under more than 85 brand names in approximately 65 countries worldwide.
In its own words, from its 10-K, filed Feb 17, 2026.
Hershey against its Sugar & Confectionery Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median -2%. Operating margin: 25.0% against the peers' median 10.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HSY Hershey | Q3 2026 | $3.3B | +3% | 25.0% |
| JBSS Sanfilippo John B & Son | Q1 FY27 | $288M | -4% | 6.7% |
| TR Tootsie Roll Industries | Q3 2026 | $229M | -2% | 10.8% |
| RMCF Rocky Mountain Chocolate Factory | Q2 FY27 | $6.7M | -2% | -16.3% |
Source: Hershey 10-Q on SEC EDGAR · CIK 47111 · Sugar & Confectionery Products
13F: who owns HSY and who is buying
More on HSY
- How Hershey makes money: revenue by segment
- Hershey next earnings date and what analysts expect
- Hershey stock forecast, price target and fair value
- Who owns Hershey stock: holders, funds and Congress trades
- Hershey guidance and outlook
- Is Hershey a takeover target? LBO and rumors
- Hershey recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results