Filing Flows › Kenvue (KVUE) › Q3 2025
Kenvue (KVUE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Kenvue (KVUE) reported revenue of $3.8B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -2% from the quarter before. Operating margin was 16.7%, net earnings $398M (10.6% of revenue).
Kenvue, Q3 2025: revenue $3.8B (-4% year over year), operating margin 16.7%, net earnings $398M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -2% | -3% |
| Gross profit | $2.2B | -2% | -2% |
| Operating profit | $629M | -9% | -4% |
| Net earnings | $398M | -5% | +4% |
| Operating cash flow | $294M | -53% | +18% |
| Free cash flow | $196M | -63% | +3% |
What changed
Revenue was $3.8B in Q3 2025, down 3% year over year and down 2% from the previous quarter. Self Care was the largest line at 42% of revenue. Self Care lost $0.06B year over year (down 4%), 45% of the total change.
Gross margin was 59.1%, up 0.6 points from a year earlier. Operating profit was $0.63B, a 16.7% margin (down 0.1 points year over year). Operating expenses fell 2% while revenue fell 3%. Net earnings were $0.40B, up 4% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.29B (up 18% year over year), 74% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $0.10B left free cash flow of $0.20B.
Questions
What was Kenvue's revenue in the third quarter 2025?
Kenvue (KVUE) reported revenue of $3.8B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -2% from the quarter before.
Was Kenvue profitable in the third quarter 2025?
Operating profit was $629M (16.7% of revenue) and net earnings $398M.
Source: Kenvue 10-Q on SEC EDGAR.