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Mondelez International (MDLZ) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Mondelez International (MDLZ) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $10.0B · 13¢ of every $1 of revenue kept as net profit · operating margin 17.6%
Mondelez International made $10.0B in Q3 2026 (+2% Y/Y): Biscuits & Baked Snacks $4.9B, Chocolate $3.1B, Gum & Candy $1.2B. Operating margin 17.6%, net earnings $1.3B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $10.0B in Q3 2026, up 2% year over year and up 7% from the previous quarter. Biscuits & Baked Snacks was the largest line at 49% of revenue. Biscuits & Baked Snacks added $0.10B year over year (up 2%), 46% of the total change. Beverages declined 4%.
Gross margin was 39.4%, up 12.6 points from Q3 2025. Operating profit was $1.8B, a 17.6% margin (up 10.0 points year over year). Of the extra revenue versus Q3 2025, 455% reached operating profit, above the 8% margin then. Operating expenses grew 16% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+111%). Net earnings were $1.3B, up 76% year over year. The effective tax rate was 24.5%.
Operating cash flow was $1.3B (up 79% year over year), 98% of net earnings. Non-cash charges added back $0.35B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.42B. Capital expenditures of $0.29B left free cash flow of $1.0B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $10.0B | +2% | 17.6% | $1.3B | $1.3B |
| Q2 2026 | 10-Q | Jul 28, 2026 | $9.4B | +4% | 20.8% | $1.6B | $855M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $10.1B | +8% | 8.0% | $564M | $467M |
| Q4 2025 | 10-K | Feb 4, 2026 | $10.5B | +9% | 9.1% | $669M | $2.4B |
| Q3 2025 | 10-Q | Oct 28, 2025 | $9.7B | +6% | 7.6% | $746M | $717M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $9.0B | +8% | 13.0% | $644M | $308M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $9.3B | +0.2% | 7.3% | $407M | $1.1B |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Mondelez International
Mondelēz International’s purpose is to empower people to snack right. We sell our products in over 150 c ountries around the world. We are one of the world’s largest snack companies with global net revenues of $38.5 billion and net earnings of $2.5 billion in 2025. Our core business is making and selling chocolate, biscuits and baked snacks. We also have additional businesses in adjacent, locally relevant categories including gum & candy, cheese & grocery and powdered beverages. Our portfolio includes iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate’s Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate.
In its own words, from its 10-K, filed Feb 4, 2026.
Mondelez International against its Food and Kindred Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median -8%. Operating margin: 17.6% against the peers' median 9.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MDLZ Mondelez International | Q3 2026 | $10.0B | +2% | 17.6% |
| CAG Conagra Brands | Q1 FY27 | $2.6B | -1% | 10.3% |
| CPB Campbell's | Q4 FY26 | $2.1B | -8% | 0.2% |
| FLO Flowers Foods | Q2 2026 | $1.2B | -4% | 5.7% |
| BRBR Bellring Brands | Q3 FY26 | $570M | +4% | 11.5% |
| BGS B&G Foods | Q2 2026 | $383M | -10% | 9.0% |
| SMPL Simply Good Foods | Q4 FY26 | $333M | -10% | 13.8% |
| HAIN Hain Celestial Group | Q4 FY26 | $263M | -28% | -21.2% |
| VITL Vital Farms | Q3 2026 | $182M | -8% | -4.2% |
Source: Mondelez International 10-Q on SEC EDGAR · CIK 1103982 · Food and Kindred Products
Guidance and outlook
13F: who owns MDLZ and who is buying
More on MDLZ
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- Mondelez International next earnings date and what analysts expect
- Mondelez International stock forecast, price target and fair value
- Who owns Mondelez International stock: holders, funds and Congress trades
- Mondelez International guidance and outlook
- Is Mondelez International a takeover target? LBO and rumors
- Mondelez International recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Mondelez International guidance history: guided vs reported
- Mondelez International gross margin by quarter
- Mondelez International operating margin by quarter
- Mondelez International net income by quarter
- Mondelez International free cash flow by quarter
- Mondelez International capital expenditures by quarter
- Mondelez International Chocolate revenue by quarter
- Mondelez International Gum & Candy revenue by quarter