Filing Flows › International Flavors & Fragrances (IFF) › Q1 2026
International Flavors & Fragrances (IFF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
International Flavors & Fragrances (IFF) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), -4% from a year earlier and +6% from the quarter before. Operating margin was 10.0%, net earnings $170M (6.2% of revenue).
International Flavors & Fragrances, Q1 2026: revenue $2.7B (-4% year over year), operating margin 10.0%, net earnings $170M, operating cash flow $257M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +6% | -4% |
| Gross profit | $1.0B | +14% | -2% |
| Operating profit | $273M | +181% | — |
| Net earnings | $170M | +844% | — |
| Operating cash flow | $257M | -19% | +102% |
| Free cash flow | $92.0M | -29% | — |
What changed
Revenue was $2.7B in Q1 2026, down 4% year over year and up 6% from the previous quarter.
Gross margin was 37.1%, up 0.7 points from Q1 2025. Operating profit was $0.27B, a 10.0% margin (up 41.7 points year over year). Operating expenses fell 62% while revenue fell 4%. Net earnings were $0.17B. The effective tax rate was 18.7%.
Operating cash flow was $0.26B (up 102% year over year), 151% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.17B. Capital expenditures of $0.17B left free cash flow of $0.09B.
Questions
What was International Flavors & Fragrances' revenue in the first quarter 2026?
International Flavors & Fragrances (IFF) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), -4% from a year earlier and +6% from the quarter before.
Was International Flavors & Fragrances profitable in the first quarter 2026?
Operating profit was $273M (10.0% of revenue) and net earnings $170M.
Source: International Flavors & Fragrances 10-Q on SEC EDGAR.