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McCormick (MKC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 25, 2026
McCormick (MKC) reported revenue of $1.9B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +3% from the quarter before. Operating margin was 14.3%, net earnings $150M (7.8% of revenue).
McCormick, Q2 FY26: revenue $1.9B (+17% year over year), operating margin 14.3%, net earnings $150M, operating cash flow $380M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +3% | +17% |
| Gross profit | $778M | +10% | +25% |
| Operating profit | $276M | +21% | +12% |
| Net earnings | $150M | -85% | -14% |
| Operating cash flow | $380M | +646% | +727% |
| Free cash flow | $337M | 18× | — |
What changed
Revenue was $1.9B in Q2 FY26, up 17% year over year and up 3% from the previous quarter.
Gross margin was 40.2%, up 2.7 points from Q2 FY25. Operating profit was $0.28B, a 14.3% margin (down 0.5 points year over year). Of the extra revenue versus Q2 FY25, 11% reached operating profit, below the 15% margin then. Operating expenses grew 33% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+369%). Net earnings were $0.15B, down 14% year over year. The effective tax rate was 28.4%.
Operating cash flow was $0.38B (up 727% year over year), 237% of net income including minority interests. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.04B left free cash flow of $0.34B.
Questions
What was McCormick's revenue in the second quarter fiscal 2026?
McCormick (MKC) reported revenue of $1.9B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +3% from the quarter before.
Was McCormick profitable in the second quarter fiscal 2026?
Operating profit was $276M (14.3% of revenue) and net earnings $150M.
Source: McCormick 10-Q on SEC EDGAR.