Filing Flows › McCormick (MKC) › Q2 FY26 › vs Q1 FY26
McCormick (MKC) Q2 FY26 vs Q1 FY26 (quarter over quarter)
McCormick's revenue rose $62.7M (+3%) from $1.9B in Q1 FY26 to $1.9B in Q2 FY26. Gross margin 40.2% against 37.8% (+2.4 pts).
McCormick, Q2 FY26: revenue $1.9B (+17% year over year), operating margin 14.3%, net earnings $150M, operating cash flow $380M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 40.2% | 37.8% | +2.4 pts |
| Operating margin | 14.3% | 12.1% | +2.1 pts |
| Net margin | 7.8% | 54.2% | -46.5 pts |
| Free cash flow margin | 17.4% | 1.0% | +16.4 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $62.7M | +3% |
| Gross profit | $778M | $709M | $69.3M | +10% |
| Cost of revenue | $1.2B | $1.2B | −$6.6M | -0.6% |
| Operating profit | $276M | $228M | $48.9M | +21% |
| Operating expenses | $502M | $481M | $20.4M | +4% |
| Pre-tax earnings | $224M | $1.1B | −$847M | -79% |
| Other expense, net | $52.7M | −$844M | $896M | — |
| SG&A | $442M | $456M | −$14.5M | -3% |
| Other operating costs | $60.0M | $25.1M | $34.9M | +139% |
| Net earnings | $150M | $1.0B | −$866M | -85% |
| Minority interests | $10.1M | $6.1M | $4.0M | +66% |
| Income tax | $63.5M | $48.7M | $14.8M | +30% |
| Depreciation & amortization | $73.5M | $63.0M | $10.5M | +17% |
| Share-based compensation | $8.6M | $20.7M | −$12.1M | -58% |
| Working capital & other | $148M | −$1.0B | $1.2B | — |
| Operating cash flow | $380M | $50.9M | $329M | +646% |
| Free cash flow (OCF − capex) | $337M | $18.4M | $319M | 18× |
| Capital expenditures | $42.7M | $32.5M | $10.2M | +31% |
Questions
How much did McCormick's revenue grow quarter over quarter in Q2 FY26?
McCormick's revenue rose $62.7M (+3%) from $1.9B in Q1 FY26 to $1.9B in Q2 FY26. Gross margin 40.2% against 37.8% (+2.4 pts).