Filing Flows › Mondelez International (MDLZ) › Q3 2025
Mondelez International (MDLZ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Mondelez International (MDLZ) reported revenue of $9.7B for the third quarter 2025 (Q3 2025), +6% from a year earlier and +8% from the quarter before. Operating margin was 7.6%, net earnings $746M (7.7% of revenue).
Mondelez International, Q3 2025: revenue $9.7B (+6% year over year), operating margin 7.6%, net earnings $746M, operating cash flow $717M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7B | +8% | +6% |
| Gross profit | $2.6B | -11% | -13% |
| Operating profit | $744M | -37% | -35% |
| Net earnings | $746M | +16% | -13% |
| Operating cash flow | $717M | +133% | -45% |
| Free cash flow | $418M | 139× | -58% |
What changed
Revenue was $9.7B in Q3 2025, up 6% year over year and up 8% from the previous quarter. Biscuits & Baked Snacks was the largest line at 49% of revenue. Chocolate added $0.29B year over year (up 11%), 54% of the total change. Beverages declined 8%.
Gross margin was 26.8%, down 5.8 points from a year earlier. Operating profit was $0.74B, a 7.6% margin (down 4.9 points year over year). Operating profit fell $0.41B even though revenue rose $0.54B versus a year earlier, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 6%. The fastest-growing cost line was SG&A (+10%). Net earnings were $0.74B, down 13% year over year. The effective tax rate was 15.5%.
Operating cash flow was $0.72B (down 45% year over year), 96% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.39B. Capital expenditures of $0.30B left free cash flow of $0.42B.
Questions
What was Mondelez International's revenue in the third quarter 2025?
Mondelez International (MDLZ) reported revenue of $9.7B for the third quarter 2025 (Q3 2025), +6% from a year earlier and +8% from the quarter before.
Was Mondelez International profitable in the third quarter 2025?
Operating profit was $744M (7.6% of revenue) and net earnings $746M.