Filing Flows › Mondelez International (MDLZ) › Q1 2026
Mondelez International (MDLZ) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Mondelez International (MDLZ) reported revenue of $10.1B for the first quarter 2026 (Q1 2026), +8% from a year earlier and -4% from the quarter before. Operating margin was 8.0%, net earnings $564M (5.6% of revenue).
Mondelez International, Q1 2026: revenue $10.1B (+8% year over year), operating margin 8.0%, net earnings $564M, operating cash flow $467M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.1B | -4% | +8% |
| Gross profit | $2.8B | -5% | +15% |
| Operating profit | $808M | -15% | +19% |
| Net earnings | $564M | -16% | +39% |
| Operating cash flow | $467M | -81% | -57% |
| Free cash flow | $155M | -92% | -81% |
What changed
Revenue was $10.1B in Q1 2026, up 8% year over year and down 4% from the previous quarter. Biscuits & Baked Snacks was the largest line at 45% of revenue. Chocolate added $0.41B year over year (up 13%), 54% of the total change. Beverages declined 7%.
Gross margin was 27.8%, up 1.7 points from Q1 2025. Operating profit was $0.81B, a 8.0% margin (up 0.7 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, above the 7% margin then. Operating expenses grew 14% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+103%). Net earnings were $0.56B, up 39% year over year. The effective tax rate was 28.8%.
Operating cash flow was $0.47B (down 57% year over year), 83% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.47B. Capital expenditures of $0.31B left free cash flow of $0.15B.
Questions
What was Mondelez International's revenue in the first quarter 2026?
Mondelez International (MDLZ) reported revenue of $10.1B for the first quarter 2026 (Q1 2026), +8% from a year earlier and -4% from the quarter before.
Was Mondelez International profitable in the first quarter 2026?
Operating profit was $808M (8.0% of revenue) and net earnings $564M.