Filing Flows › Mondelez International (MDLZ) › Q2 2026 › vs Q2 2025
Mondelez International (MDLZ) Q2 2026 vs Q2 2025 (year over year)
Mondelez International's revenue rose $371M (+4%) from $9.0B in Q2 2025 to $9.4B in Q2 2026. The biggest changes: Biscuits & Baked Snacks +$171M (+4%); Gum & Candy +$117M (+12%); Chocolate +$49.0M (+2%). Gross margin 42.6% against 32.7% (+9.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.6% | 32.7% | +9.9 pts |
| Operating margin | 20.8% | 13.0% | +7.8 pts |
| Net margin | 16.6% | 7.2% | +9.4 pts |
| Free cash flow margin | 5.5% | 0.0% | +5.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Biscuits & Baked Snacks | $4.7B | $4.6B | $171M | +4% |
| Chocolate | $2.7B | $2.7B | $49.0M | +2% |
| Gum & Candy | $1.1B | $950M | $117M | +12% |
| Meals | $606M | $571M | $35.0M | +6% |
| Beverages | $226M | $227M | −$1.0M | -0.4% |
| Revenue | $9.4B | $9.0B | $371M | +4% |
| Gross profit | $4.0B | $2.9B | $1.0B | +36% |
| Cost of revenue | $5.4B | $6.0B | −$678M | -11% |
| Operating profit | $1.9B | $1.2B | $774M | +66% |
| Operating expenses | $2.0B | $1.8B | $275M | +16% |
| Pre-tax earnings | $1.9B | $874M | $1.0B | +119% |
| Other expense, net | $30.0M | $298M | −$268M | -90% |
| SG&A | $2.0B | $1.7B | $276M | +16% |
| Other operating costs | $39.0M | $40.0M | −$1.0M | -3% |
| Net earnings | $1.6B | $644M | $908M | +141% |
| Income tax | $364M | $230M | $134M | +58% |
| Depreciation & amortization | $350M | $339M | $11.0M | +3% |
| Share-based compensation | $58.0M | $47.0M | $11.0M | +23% |
| Working capital & other | $1.1B | $722M | $383M | +53% |
| Operating cash flow | $855M | $308M | $547M | +178% |
| Free cash flow (OCF − capex) | $513M | $3.0M | $510M | 171× |
| Capital expenditures | $342M | $305M | $37.0M | +12% |
Questions
How much did Mondelez International's revenue grow year over year in Q2 2026?
Mondelez International's revenue rose $371M (+4%) from $9.0B in Q2 2025 to $9.4B in Q2 2026.
What drove Mondelez International's revenue change in Q2 2026?
Biscuits & Baked Snacks +$171M (+4%); Gum & Candy +$117M (+12%); Chocolate +$49.0M (+2%).