Filing Flows › Hershey (HSY) › Q3 2026 › vs Q3 2025
Hershey (HSY) Q3 2026 vs Q3 2025 (year over year)
Hershey's revenue rose $94.1M (+3%) from $3.2B in Q3 2025 to $3.3B in Q3 2026. Gross margin 46.1% against 32.6% (+13.5 pts).
Hershey, Q3 2026: revenue $3.3B (+3% year over year), operating margin 25.0%, net earnings $581M, operating cash flow $751M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 46.1% | 32.6% | +13.5 pts |
| Operating margin | 25.0% | 13.7% | +11.3 pts |
| Net margin | 17.7% | 8.7% | +9.0 pts |
| Free cash flow margin | 19.8% | 23.8% | -3.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $94.1M | +3% |
| Gross profit | $1.5B | $1.0B | $474M | +46% |
| Cost of revenue | $1.8B | $2.1B | −$380M | -18% |
| Operating profit | $818M | $435M | $383M | +88% |
| Operating expenses | $693M | $603M | $90.6M | +15% |
| Pre-tax earnings | $768M | $372M | $396M | +107% |
| Other expense, net | $49.6M | $62.7M | −$13.0M | -21% |
| Net earnings | $581M | $276M | $304M | +110% |
| Income tax | $187M | $95.6M | $91.6M | +96% |
| Depreciation & amortization | $136M | $128M | $8.5M | +7% |
| Share-based compensation | $18.3M | $15.4M | $2.8M | +18% |
| Working capital & other | $15.3M | $422M | −$407M | -96% |
| Operating cash flow | $751M | $842M | −$91.2M | -11% |
| Free cash flow (OCF − capex) | $650M | $756M | −$106M | -14% |
| Capital expenditures | $101M | $85.9M | $14.6M | +17% |
Questions
How much did Hershey's revenue grow year over year in Q3 2026?
Hershey's revenue rose $94.1M (+3%) from $3.2B in Q3 2025 to $3.3B in Q3 2026. Gross margin 46.1% against 32.6% (+13.5 pts).