Filing Flows › Mondelez International (MDLZ) › Q3 2026 › vs Q2 2026
Mondelez International (MDLZ) Q3 2026 vs Q2 2026 (quarter over quarter)
Mondelez International's revenue rose $612M (+7%) from $9.4B in Q2 2026 to $10.0B in Q3 2026. The biggest changes: Chocolate +$370M (+14%); Biscuits & Baked Snacks +$156M (+3%); Gum & Candy +$87.0M (+8%). Gross margin 39.4% against 42.6% (-3.2 pts).
Mondelez International, Q3 2026: revenue $10.0B (+2% year over year), operating margin 17.6%, net earnings $1.3B, operating cash flow $1.3B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 39.4% | 42.6% | -3.2 pts |
| Operating margin | 17.6% | 20.8% | -3.2 pts |
| Net margin | 13.1% | 16.6% | -3.5 pts |
| Free cash flow margin | 9.9% | 5.5% | +4.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Biscuits & Baked Snacks | $4.9B | $4.7B | $156M | +3% |
| Chocolate | $3.1B | $2.7B | $370M | +14% |
| Gum & Candy | $1.2B | $1.1B | $87.0M | +8% |
| Meals | $623M | $606M | $17.0M | +3% |
| Beverages | $208M | $226M | −$18.0M | -8% |
| Revenue | $10.0B | $9.4B | $612M | +7% |
| Gross profit | $3.9B | $4.0B | −$62.0M | -2% |
| Cost of revenue | $6.0B | $5.4B | $674M | +13% |
| Operating profit | $1.8B | $1.9B | −$188M | -10% |
| Operating expenses | $2.2B | $2.0B | $126M | +6% |
| Pre-tax earnings | $1.7B | $1.9B | −$184M | -10% |
| SG&A | $2.0B | $2.0B | $11.0M | +0.5% |
| Other operating costs | $154M | $39.0M | $115M | +295% |
| Net earnings | $1.3B | $1.6B | −$244M | -16% |
| Income tax | $424M | $364M | $60.0M | +16% |
| Depreciation & amortization | $347M | $350M | −$3.0M | -0.9% |
| Share-based compensation | $46.0M | $58.0M | −$12.0M | -21% |
| Working capital & other | $417M | $1.1B | −$688M | -62% |
| Operating cash flow | $1.3B | $855M | $429M | +50% |
| Free cash flow (OCF − capex) | $991M | $513M | $478M | +93% |
| Capital expenditures | $293M | $342M | −$49.0M | -14% |
Questions
How much did Mondelez International's revenue grow quarter over quarter in Q3 2026?
Mondelez International's revenue rose $612M (+7%) from $9.4B in Q2 2026 to $10.0B in Q3 2026.
What drove Mondelez International's revenue change in Q3 2026?
Chocolate +$370M (+14%); Biscuits & Baked Snacks +$156M (+3%); Gum & Candy +$87.0M (+8%).