Filing Flows › Kraft Heinz (KHC) › Q2 2026 › vs Q2 2025
Kraft Heinz (KHC) Q2 2026 vs Q2 2025 (year over year)
Kraft Heinz's revenue fell $90.0M (-1%) from $6.4B in Q2 2025 to $6.3B in Q2 2026. The biggest changes: Meats −$65.0M (-12%); Other Category −$34.0M (-37%); Condiments, Sauces, and Spreads +$24.0M (+0.8%).
Kraft Heinz, Q2 2026: revenue $6.3B (-1% year over year), operating margin -102.7%, net loss $5.5B, operating cash flow $1.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 14.3% | 16.1% | -1.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Condiments, Sauces, and Spreads | $2.9B | $2.9B | $24.0M | +0.8% |
| Ambient Meals and Sides | $679M | $679M | $0 | 0% |
| Refreshment Beverages | $584M | $575M | $9.0M | +2% |
| Meats | $481M | $546M | −$65.0M | -12% |
| Cheese | $396M | $420M | −$24.0M | -6% |
| Frozen Meals and Sides | $363M | $378M | −$15.0M | -4% |
| Refrigerated Snacks | $298M | $302M | −$4.0M | -1% |
| Desserts | $281M | $280M | $1.0M | +0.4% |
| Coffee | $225M | $207M | $18.0M | +9% |
| Other Category | $58.0M | $92.0M | −$34.0M | -37% |
| Revenue | $6.3B | $6.4B | −$90.0M | -1% |
| Other income, net | $55.0M | −$193M | $248M | — |
| Income tax benefit | $916M | $344M | $572M | +166% |
| Net loss | $5.5B | $7.8B | −$2.4B | -30% |
| Costs & expenses | $12.7B | $14.5B | −$1.8B | -13% |
| Operating costs | $12.7B | $14.3B | −$1.6B | -11% |
| Cost of revenue | $4.2B | $4.2B | $65.0M | +2% |
| Operating expenses | $8.5B | $10.2B | −$1.7B | -17% |
| Operating cash sources | $6.5B | $9.0B | −$2.5B | -28% |
| Depreciation & amortization | $261M | $241M | $20.0M | +8% |
| Share-based compensation | $31.0M | $26.0M | $5.0M | +19% |
| Working capital & other | $6.2B | $8.8B | −$2.5B | -29% |
| Net loss absorbed | $5.5B | $7.8B | −$2.4B | -30% |
| Operating cash flow | $1.1B | $1.2B | −$127M | -11% |
| Free cash flow (OCF − capex) | $893M | $1.0B | −$129M | -13% |
| Capital expenditures | $189M | $187M | $2.0M | +1% |
Questions
How much did Kraft Heinz's revenue grow year over year in Q2 2026?
Kraft Heinz's revenue fell $90.0M (-1%) from $6.4B in Q2 2025 to $6.3B in Q2 2026.
What drove Kraft Heinz's revenue change in Q2 2026?
Meats −$65.0M (-12%); Other Category −$34.0M (-37%); Condiments, Sauces, and Spreads +$24.0M (+0.8%).