Filing Flows › Mondelez International (MDLZ) › Q2 2026 › vs Q1 2026
Mondelez International (MDLZ) Q2 2026 vs Q1 2026 (quarter over quarter)
Mondelez International's revenue fell $725M (-7%) from $10.1B in Q1 2026 to $9.4B in Q2 2026. Gross margin 42.6% against 27.8% (+14.8 pts).
Mondelez International, Q2 2026: revenue $9.4B (+4% year over year), operating margin 20.8%, net earnings $1.6B, operating cash flow $855M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 42.6% | 27.8% | +14.8 pts |
| Operating margin | 20.8% | 8.0% | +12.8 pts |
| Net margin | 16.6% | 5.6% | +11.0 pts |
| Free cash flow margin | 5.5% | 1.5% | +3.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $9.4B | $10.1B | −$725M | -7% |
| Gross profit | $4.0B | $2.8B | $1.2B | +42% |
| Cost of revenue | $5.4B | $7.3B | −$1.9B | -26% |
| Operating profit | $1.9B | $808M | $1.1B | +141% |
| Operating expenses | $2.0B | $2.0B | $45.0M | +2% |
| Pre-tax earnings | $1.9B | $792M | $1.1B | +142% |
| Other expense, net | $30.0M | $16.0M | $14.0M | +88% |
| SG&A | $2.0B | $1.9B | $85.0M | +4% |
| Other operating costs | $39.0M | $79.0M | −$40.0M | -51% |
| Net earnings | $1.6B | $564M | $988M | +175% |
| Income tax | $364M | $228M | $136M | +60% |
| Depreciation & amortization | $350M | $343M | $7.0M | +2% |
| Share-based compensation | $58.0M | $29.0M | $29.0M | +100% |
| Working capital & other | $1.1B | $469M | $636M | +136% |
| Operating cash flow | $855M | $467M | $388M | +83% |
| Free cash flow (OCF − capex) | $513M | $155M | $358M | +231% |
| Capital expenditures | $342M | $312M | $30.0M | +10% |
Questions
How much did Mondelez International's revenue grow quarter over quarter in Q2 2026?
Mondelez International's revenue fell $725M (-7%) from $10.1B in Q1 2026 to $9.4B in Q2 2026. Gross margin 42.6% against 27.8% (+14.8 pts).