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How Mondelez International (MDLZ) makes money

Mondelez International (MDLZ) made $10.0B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Biscuits & Baked Snacks brought in $4.9B (49%); Chocolate brought in $3.1B (31%); Gum & Candy brought in $1.2B (12%). Of every dollar of revenue, 39¢ was left as gross profit, 18¢ was left as operating profit, 13¢ was left as net earnings.

Drawing the Sankey…

Mondelez International revenue by segment, Q3 2026Mondelez International revenue by segment, Q3 2026Biscuits & Baked Snacks$4.9BChocolate$3.1BGum & Candy$1.2BMeals$623MBeverages$208M
Mondelez International: revenue by line, Q1 2025 to Q3 2026Mondelez International: revenue by line, Q1 2025 to Q3 2026Biscuits & Baked Snac…ChocolateGum & CandyCheese & GroceryMealsBeveragesBiscuits & Baked Snacks: $4.9B latest$4.9BChocolate: $3.1B latest$3.1BGum & Candy: $1.2B latest$1.2BCheese & Grocery: $0 latestMeals: $623M latestBeverages: $208M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Chocolate went from 34% of revenue in Q1 2025 to 31% in Q3 2026, the largest shift in the mix.
Mondelez International revenue by quarterMondelez International revenue by quarter$9.3BQ1 2025$9.0BQ2 2025$9.7BQ3 2025$10.5BQ4 2025$10.1BQ1 2026$9.4BQ2 2026$10.0BQ3 2026
Mondelez International: where each dollar of revenue goesMondelez International: where each dollar of revenue goesCost of revenue61¢Gross profit39¢Operating expenses22¢Operating profit18¢Income tax4¢Net earnings13¢Operating cash flow13¢Free cash flow10¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Biscuits & Baked Snacks$4.9B49.1%+3%+2%
Chocolate$3.1B31.0%+14%+0.1%
Gum & Candy$1.2B11.6%+8%+10%
Meals$623M6.3%+3%+4%
Beverages$208M2.1%-8%-4%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$10.0B100.0%
Cost of revenue$6.0B60.6%
Gross profit$3.9B39.4%
Operating expenses$2.2B21.7%
Operating profit$1.8B17.6%
Income tax$424M4.3%
Net earnings$1.3B13.1%
Operating cash flow$1.3B12.9%
Free cash flow$991M9.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$10.0B+2%
Q2 2026$9.4B+4%
Q1 2026$10.1B+8%
Q4 2025$10.5B+9%
Q3 2025$9.7B+6%
Q2 2025$9.0B+8%
Q1 2025$9.3B+0.2%

From Mondelez International's 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Mondelez International make money?

Mondelez International (MDLZ) made $10.0B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Biscuits & Baked Snacks brought in $4.9B (49%); Chocolate brought in $3.1B (31%); Gum & Candy brought in $1.2B (12%). Of every dollar of revenue, 39¢ was left as gross profit, 18¢ was left as operating profit, 13¢ was left as net earnings.

What is Mondelez International's biggest business?

Biscuits & Baked Snacks: $4.9B in the third quarter 2026, 49% of revenue, +2% from a year earlier.

What is Mondelez International's profit margin?

Net earnings were $1.3B, 13.1% of revenue, in the third quarter 2026; the operating margin was 17.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.