Filing Flows › Kenvue (KVUE) › Q2 2025
Kenvue (KVUE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Kenvue (KVUE) reported revenue of $3.8B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +3% from the quarter before. Operating margin was 18.0%, net earnings $420M (10.9% of revenue).
Kenvue, Q2 2025: revenue $3.8B (-4% year over year), operating margin 18.0%, net earnings $420M, operating cash flow $621M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | +3% | -4% |
| Gross profit | $2.3B | +4% | -4% |
| Operating profit | $692M | +24% | +349% |
| Net earnings | $420M | +30% | +624% |
| Operating cash flow | $621M | +45% | +41% |
| Free cash flow | $533M | +114% | +52% |
What changed
Revenue was $3.8B in Q2 2025, down 4% year over year and up 3% from the previous quarter. Self Care was the largest line at 41% of revenue. Self Care lost $0.08B year over year (down 5%), 50% of the total change.
Gross margin was 58.9%, down 0.2 points from a year earlier. Operating profit was $0.69B, a 18.0% margin (up 14.2 points year over year). Operating expenses fell 29% while revenue fell 4%. Net earnings were $0.42B, up 624% year over year. The effective tax rate was 28.6%.
Operating cash flow was $0.62B (up 41% year over year), 148% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.04B of share-based compensation. Capital expenditures of $0.09B left free cash flow of $0.53B.
Questions
What was Kenvue's revenue in the second quarter 2025?
Kenvue (KVUE) reported revenue of $3.8B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +3% from the quarter before.
Was Kenvue profitable in the second quarter 2025?
Operating profit was $692M (18.0% of revenue) and net earnings $420M.
Source: Kenvue 10-Q on SEC EDGAR.