Filing Flows › Kraft Heinz (KHC) › Q3 2026 › vs Q3 2025
Kraft Heinz (KHC) Q3 2026 vs Q3 2025 (year over year)
Kraft Heinz's revenue fell $122M (-2%) from $6.2B in Q3 2025 to $6.1B in Q3 2026. The biggest changes: Meats −$52.0M (-10%); Condiments, Sauces, and Spreads +$38.0M (+1%); Other Category −$31.0M (-30%). Gross margin 32.5% against 31.9% (+0.6 pts).
Kraft Heinz, Q3 2026: revenue $6.1B (-2% year over year), operating margin 14.3%, net earnings $544M, operating cash flow $872M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 32.5% | 31.9% | +0.6 pts |
| Operating margin | 14.3% | 16.4% | -2.1 pts |
| Net margin | 8.9% | 9.9% | -1.0 pts |
| Free cash flow margin | 11.5% | 15.8% | -4.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Condiments, Sauces, and Spreads | $2.8B | $2.7B | $38.0M | +1% |
| Ambient Meals and Sides | $744M | $756M | −$12.0M | -2% |
| Refreshment Beverages | $541M | $556M | −$15.0M | -3% |
| Meats | $449M | $501M | −$52.0M | -10% |
| Cheese | $378M | $387M | −$9.0M | -2% |
| Frozen Meals and Sides | $354M | $381M | −$27.0M | -7% |
| Refrigerated Snacks | $327M | $328M | −$1.0M | -0.3% |
| Desserts | $287M | $291M | −$4.0M | -1% |
| Coffee | $211M | $220M | −$9.0M | -4% |
| Other Category | $74.0M | $105M | −$31.0M | -30% |
| Revenue | $6.1B | $6.2B | −$122M | -2% |
| Gross profit | $2.0B | $2.0B | −$2.0M | -0.1% |
| Cost of revenue | $4.1B | $4.2B | −$120M | -3% |
| Operating profit | $875M | $1.0B | −$150M | -15% |
| Operating expenses | $1.1B | $965M | $148M | +15% |
| Pre-tax earnings | $704M | $807M | −$103M | -13% |
| Other expense, net | $171M | $218M | −$47.0M | -22% |
| Loss borne by minority interests | $8.0M | $2.0M | $6.0M | +300% |
| Net earnings | $544M | $615M | −$71.0M | -12% |
| Income tax | $168M | $194M | −$26.0M | -13% |
| Depreciation & amortization | $262M | $245M | $17.0M | +7% |
| Share-based compensation | $23.0M | $17.0M | $6.0M | +35% |
| Working capital & other | $43.0M | $280M | −$237M | -85% |
| Operating cash flow | $872M | $1.2B | −$285M | -25% |
| Free cash flow (OCF − capex) | $702M | $986M | −$284M | -29% |
| Capital expenditures | $170M | $171M | −$1.0M | -0.6% |
Questions
How much did Kraft Heinz's revenue grow year over year in Q3 2026?
Kraft Heinz's revenue fell $122M (-2%) from $6.2B in Q3 2025 to $6.1B in Q3 2026.
What drove Kraft Heinz's revenue change in Q3 2026?
Meats −$52.0M (-10%); Condiments, Sauces, and Spreads +$38.0M (+1%); Other Category −$31.0M (-30%).