Filing Flows › International Flavors & Fragrances (IFF) › Q2 2025
International Flavors & Fragrances (IFF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
International Flavors & Fragrances (IFF) reported revenue of $2.8B for the second quarter 2025 (Q2 2025), -4% from a year earlier and -3% from the quarter before. Operating margin was 7.2%, net earnings $599M (21.7% of revenue).
International Flavors & Fragrances, Q2 2025: revenue $2.8B (-4% year over year), operating margin 7.2%, net earnings $599M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -3% | -4% |
| Gross profit | $1.0B | -0.5% | -4% |
| Operating profit | $198M | — | +4% |
| Net earnings | $599M | — | +248% |
| Operating cash flow | $241M | +90% | +2% |
| Free cash flow | $146M | — | -6% |
What changed
Revenue was $2.8B in Q2 2025, down 4% year over year and down 3% from the previous quarter.
Gross margin was 37.3%, up 0.3 points from a year earlier. Operating profit was $0.20B, a 7.2% margin (up 0.6 points year over year). Operating expenses fell 5% while revenue fell 4%. Net earnings were $0.60B, up 252% year over year. The effective tax rate was -15.0%. Non-operating items added $0.32B, 62% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.24B (up 2% year over year), 40% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.63B. Capital expenditures of $0.10B left free cash flow of $0.15B.
Questions
What was International Flavors & Fragrances' revenue in the second quarter 2025?
International Flavors & Fragrances (IFF) reported revenue of $2.8B for the second quarter 2025 (Q2 2025), -4% from a year earlier and -3% from the quarter before.
Was International Flavors & Fragrances profitable in the second quarter 2025?
Operating profit was $198M (7.2% of revenue) and net earnings $599M.
Source: International Flavors & Fragrances 10-Q on SEC EDGAR.