Filing Flows › Kraft Heinz (KHC) › Q3 2025
Kraft Heinz (KHC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Kraft Heinz (KHC) reported revenue of $6.2B for the third quarter 2025 (Q3 2025), -2% from a year earlier and -2% from the quarter before. Operating margin was 16.4%, net earnings $613M (9.8% of revenue).
Kraft Heinz, Q3 2025: revenue $6.2B (-2% year over year), operating margin 16.4%, net earnings $613M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2B | -2% | -2% |
| Gross profit | $2.0B | -9% | -9% |
| Operating profit | $1.0B | — | — |
| Net earnings | $613M | — | — |
| Operating cash flow | $1.2B | -4% | +7% |
| Free cash flow | $986M | -4% | +16% |
What changed
Revenue was $6.2B in Q3 2025, down 2% year over year and down 2% from the previous quarter. North America was the largest line at 74% of revenue. North America lost $0.18B year over year (down 4%), 127% of the total change.
Gross margin was 31.9%, down 2.3 points from a year earlier. Operating profit was $1.0B, a 16.4% margin (up 18.0 points year over year). Operating expenses fell 58% while revenue fell 2%. Net earnings were $0.61B. The effective tax rate was 24.0%.
Operating cash flow was $1.2B (up 7% year over year), 189% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.28B. Capital expenditures of $0.17B left free cash flow of $1.0B.
Questions
What was Kraft Heinz's revenue in the third quarter 2025?
Kraft Heinz (KHC) reported revenue of $6.2B for the third quarter 2025 (Q3 2025), -2% from a year earlier and -2% from the quarter before.
Was Kraft Heinz profitable in the third quarter 2025?
Operating profit was $1.0B (16.4% of revenue) and net earnings $613M.
Source: Kraft Heinz 10-Q on SEC EDGAR.