Filing Flows › Hershey (HSY) › Q2 2026 › vs Q2 2025
Hershey (HSY) Q2 2026 vs Q2 2025 (year over year)
Hershey's revenue rose $173M (+7%) from $2.6B in Q2 2025 to $2.8B in Q2 2026. Gross margin 45.3% against 30.5% (+14.9 pts).
Hershey, Q2 2026: revenue $2.8B (+7% year over year), operating margin 23.1%, net earnings $458M, operating cash flow $419M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 45.3% | 30.5% | +14.9 pts |
| Operating margin | 23.1% | 7.4% | +15.7 pts |
| Net margin | 16.4% | 2.4% | +14.0 pts |
| Free cash flow margin | 11.8% | 1.0% | +10.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.8B | $2.6B | $173M | +7% |
| Gross profit | $1.3B | $796M | $467M | +59% |
| Cost of revenue | $1.5B | $1.8B | −$294M | -16% |
| Operating profit | $643M | $193M | $450M | +233% |
| Operating expenses | $621M | $603M | $17.2M | +3% |
| Pre-tax earnings | $588M | $149M | $439M | +295% |
| Other expense, net | $54.4M | $43.7M | $10.7M | +24% |
| Net earnings | $458M | $62.7M | $395M | +630% |
| Income tax | $131M | $86.4M | $44.2M | +51% |
| Depreciation & amortization | $136M | $124M | $12.3M | +10% |
| Share-based compensation | $17.7M | $17.4M | $271K | +2% |
| Working capital & other | $192M | $91.8M | $100M | +109% |
| Operating cash flow | $419M | $112M | $307M | +274% |
| Free cash flow (OCF − capex) | $329M | $27.1M | $302M | 12× |
| Capital expenditures | $89.8M | $85.1M | $4.7M | +6% |
Questions
How much did Hershey's revenue grow year over year in Q2 2026?
Hershey's revenue rose $173M (+7%) from $2.6B in Q2 2025 to $2.8B in Q2 2026. Gross margin 45.3% against 30.5% (+14.9 pts).