Filing Flows › McCormick (MKC) › Q3 FY26 › vs Q2 FY26
McCormick (MKC) Q3 FY26 vs Q2 FY26 (quarter over quarter)
McCormick's revenue rose $88.2M (+5%) from $1.9B in Q2 FY26 to $2.0B in Q3 FY26. Gross margin 39.3% against 40.2% (-0.9 pts).
McCormick, Q3 FY26: revenue $2.0B (+17% year over year), operating margin 10.7%, net earnings $97.6M, operating cash flow $168M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 39.3% | 40.2% | -0.9 pts |
| Operating margin | 10.7% | 14.3% | -3.6 pts |
| Net margin | 4.8% | 7.8% | -2.9 pts |
| Free cash flow margin | 5.5% | 17.4% | -11.9 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $88.2M | +5% |
| Gross profit | $795M | $778M | $16.7M | +2% |
| Cost of revenue | $1.2B | $1.2B | $71.5M | +6% |
| Operating profit | $217M | $276M | −$59.4M | -21% |
| Operating expenses | $578M | $502M | $76.1M | +15% |
| Pre-tax earnings | $158M | $224M | −$66.2M | -30% |
| Other expense, net | $59.5M | $52.7M | $6.8M | +13% |
| SG&A | $436M | $442M | −$5.4M | -1% |
| Other operating costs | $142M | $60.0M | $81.5M | +136% |
| Net earnings | $97.6M | $150M | −$52.5M | -35% |
| Minority interests | $10.0M | $10.1M | −$100K | -1% |
| Income tax | $49.9M | $63.5M | −$13.6M | -21% |
| Depreciation & amortization | $76.6M | $73.5M | $3.1M | +4% |
| Share-based compensation | $5.2M | $8.6M | −$3.4M | -40% |
| Working capital & other | $11.3M | −$148M | $159M | — |
| Operating cash flow | $168M | $380M | −$212M | -56% |
| Free cash flow (OCF − capex) | $112M | $337M | −$225M | -67% |
| Capital expenditures | $56.0M | $42.7M | $13.3M | +31% |
Questions
How much did McCormick's revenue grow quarter over quarter in Q3 FY26?
McCormick's revenue rose $88.2M (+5%) from $1.9B in Q2 FY26 to $2.0B in Q3 FY26. Gross margin 39.3% against 40.2% (-0.9 pts).