Filing Flows › Mondelez International (MDLZ) › Q2 2025
Mondelez International (MDLZ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Mondelez International (MDLZ) reported revenue of $9.0B for the second quarter 2025 (Q2 2025), +8% from a year earlier and -4% from the quarter before. Operating margin was 13.0%, net earnings $644M (7.2% of revenue).
Mondelez International, Q2 2025: revenue $9.0B (+8% year over year), operating margin 13.0%, net earnings $644M, operating cash flow $308M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.0B | -4% | +8% |
| Gross profit | $2.9B | +21% | +5% |
| Operating profit | $1.2B | +72% | +37% |
| Net earnings | $644M | +58% | +7% |
| Operating cash flow | $308M | -72% | -63% |
| Free cash flow | $3.0M | -100% | -99% |
What changed
Revenue was $9.0B in Q2 2025, up 8% year over year and down 4% from the previous quarter. Biscuits & Baked Snacks was the largest line at 51% of revenue. Chocolate added $0.43B year over year (up 19%), 67% of the total change. Beverages declined 15%.
Gross margin was 32.7%, down 0.8 points from a year earlier. Operating profit was $1.2B, a 13.0% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 10% margin then. Operating expenses fell 9% while revenue rose 8%. Net earnings were $0.64B, up 7% year over year. The effective tax rate was 26.3%.
Operating cash flow was $0.31B (down 63% year over year), 48% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.72B. Capital expenditures of $0.30B left free cash flow of $3.0M.
Questions
What was Mondelez International's revenue in the second quarter 2025?
Mondelez International (MDLZ) reported revenue of $9.0B for the second quarter 2025 (Q2 2025), +8% from a year earlier and -4% from the quarter before.
Was Mondelez International profitable in the second quarter 2025?
Operating profit was $1.2B (13.0% of revenue) and net earnings $644M.