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Kraft Heinz (KHC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Kraft Heinz (KHC) Q3 2026 earnings results →

Q3 2026 Revenue down 2% year over year to $6.1B · 9¢ of every $1 of revenue kept as net profit · operating margin 14.3%

Kraft Heinz made $6.1B in Q3 2026 (-2% Y/Y): Condiments, Sauces, and Spreads $2.8B, Ambient Meals and Sides $744M, Refreshment Beverages $541M. Operating margin 14.3%, net earnings $544M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$6.1B
Year over year-2%
Operating margin14.3%
Net earnings$544M
Operating cash flow$872M

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

Kraft Heinz Q3 2026 revenue breakdown: Sankey diagram of revenue (Condiments, Sauces, and Spreads, Ambient Meals and Sides, Refreshment Beverages, Meats), costs, profit and cash flow
Kraft Heinz Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $6.1B in Q3 2026, down 2% year over year and down 2% from the previous quarter. Condiments, Sauces, and Spreads was the largest line at 45% of revenue. Meats lost $0.05B year over year (down 10%), 43% of the total change.

Gross margin was 32.5%, up 0.6 points from Q3 2025. Operating profit was $0.88B, a 14.3% margin (down 2.1 points year over year). Operating expenses grew 15% against a revenue fall of 2%. Net earnings were $0.54B, down 12% year over year ($0.54B including minority interests, which bore $0.01B of losses). The effective tax rate was 23.9%.

Operating cash flow was $0.87B (down 25% year over year), 163% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.17B left free cash flow of $0.70B.

Quarterly history

Kraft Heinz revenue by quarterKraft Heinz revenue by quarter$6.0BQ1 2025$6.4BQ2 2025$6.2BQ3 2025$6.4BQ4 2025$6.0BQ1 2026$6.3BQ2 2026$6.1BQ3 2026
Kraft Heinz net earnings by quarterKraft Heinz net earnings by quarter$714MQ1 2025−$7.8BQ2 2025$613MQ3 2025$648MQ4 2025$799MQ1 2026−$5.5BQ2 2026$544MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$6.1B-2%14.3%$544M$872M
Q2 202610-QAug 5, 2026$6.3B-1%-102.7%−$5.5B$1.1B
Q1 202610-QMay 6, 2026$6.0B+0.8%18.9%$799M$1.0B
Q4 202510-KFeb 12, 2026$6.4B-3%17.1%$648M$1.4B
Q3 202510-QOct 29, 2025$6.2B-2%16.4%$613M$1.2B
Q2 202510-QJul 30, 2025$6.4B-2%-125.5%−$7.8B$1.2B
Q1 202510-QApr 29, 2025$6.0B-6%19.9%$714M$720M

Charts

Kraft Heinz: revenue growth, year over year and quarter over quarterKraft Heinz: revenue growth, year over year and quarter over quarterY/YQ/Q-6%Q1 2025-2%+6%Q2 2025-2%-2%Q3 2025-3%+2%Q4 2025+1%-5%Q1 2026-1%+4%Q2 2026-2%-2%Q3 2026
Latest (Q3 2026): Y/Y -2%, Q/Q -2%.
Kraft Heinz: where the cash came from (+) and went (−), TTM to Q3 2026Kraft Heinz: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$4.3BNet borrowing (+) / repaid (−)−$4.0BDividends−$1.9BOther investing$1.1BOther financing$1.1BCapital spending−$804MAsset & business sales$146MCash drawn (+) / kept (−)$141MBuybacks−$80.0MExchange rates$4.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Kraft Heinz: profit against cash, quarter by quarterKraft Heinz: profit against cash, quarter by quarterNet incomeOperating cash flow$2.1B$1.4BQ4 2024$714M$720MQ1 2025−$7.8B$1.2BQ2 2025$613M$1.2BQ3 2025$648M$1.4BQ4 2025$799M$1.0BQ1 2026−$5.5B$1.1BQ2 2026$536M$872MQ3 2026
Latest (Q3 2026): Net income $536M, Operating cash flow $872M.
Kraft Heinz: diluted shares by fiscal yearKraft Heinz: diluted shares by fiscal year1.23BFY20201.24BFY20211.24BFY20221.24BFY20231.22BFY20241.19BFY2025
-3.3% since FY2020: buybacks shrank the count.
Kraft Heinz: long-term debt falling due (FY2025)Kraft Heinz: long-term debt falling due (FY2025)$1.9B2026$1.9B2027$1.7B2028$1.0B2029$915M2030$13.6BLater
Cash $2.6B, short-term investments $1.1B, long-term debt $21.2B at 2025-12-27.
Kraft Heinz in its industry: growth against margin (5 companies, SIC 2030)Kraft Heinz in its industry: growth against margin (5 companies, SIC 2030)revenue growth, year over year →↑ operating marginmedian -2%median 5%LWMZTIBRFHPLAGKHC (-2%, 14%)
Canned, Frozen & Preservd Fruit, Veg & Food Specialties; dot size is quarterly revenue; dashed lines are the industry's medians.

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Customers and suppliers named in filings

Sells to

About Kraft Heinz

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious . Consumers are at the center of everything we do. With 2025 net sales of approximately $25 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping to feed the world in healthy, responsible ways.

In its own words, from its 10-K, filed Feb 12, 2026.

Kraft Heinz against its Canned, Frozen & Preservd Fruit, Veg & Food Specialties peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median -2%. Operating margin: 14.3% against the peers' median 4.9%.

CompanyQuarterRevenueY/YOp. margin
KHC Kraft HeinzQ3 2026$6.1B-2%14.3%
LW Lamb Weston HoldingsQ1 FY27$1.7B+0.7%4.9%
MZTI MarzettiQ1 FY27$482M-2%8.6%
BRFH Barfresh Food GroupQ2 2026$4.7M+190%-32.2%
PLAG Planet Green HoldingsQ2 2026$790K-13%-146.9%

Source: Kraft Heinz 10-Q on SEC EDGAR · CIK 1637459 · Canned, Frozen & Preservd Fruit, Veg & Food Specialties

Guidance and outlook

Kraft Heinz: what its forward-looking statements are about (10-Q filed 2026-11-04)Kraft Heinz: what its forward-looking statements are about (10-Q filed 2026-11-04)The economy3Other3Financing2Capital spending2Costs1Deals1
12 statements; tone +0.08 (−1 all cautious, +1 all confident); 3 hedged.
Kraft Heinz: outlook statements against the filing beforeKraft Heinz: outlook statements against the filing beforeUpdated1Dropped5Confident3Cautious2

13F: who owns KHC and who is buying

Largest holders of KHC (13F)Largest holders of KHC (13F)Berkshire Hathaway$7.7BVanguard Group$2.5BBlackRock$1.8BVanguard Capital Management LLC$1.3BInvesco$1.2BState Street$1.1BVanguard Portfolio Management LLC$963MGeode Capital Management, LLC$731MUBS Group AG$448MMorgan Stanley$412M
Funds' net buying of KHC by quarter (13F)Funds' net buying of KHC by quarter (13F)$280M2024-09$252M2024-12−$61.1M2025-03$57.7M2025-06$77.5M2025-09$1.3B2025-12$8.5M2026-03$536M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on KHC

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：卡夫亨氏（KHC）财报

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