Filing Flows › Mosaic (MOS) › Q2 2026 › vs Q2 2025
Mosaic (MOS) Q2 2026 vs Q2 2025 (year over year)
Mosaic's revenue fell $182M (-6%) from $3.0B in Q2 2025 to $2.8B in Q2 2026. The biggest changes: Potash Crop Nutrients −$135M (-18%); Phosphate Crop Nutrients +$119M (+15%); Performance Products −$104M (-15%).
Mosaic, Q2 2026: revenue $2.8B (-6% year over year), operating margin -1.3%, net loss $266M, operating cash flow $167M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Phosphate Crop Nutrients | $930M | $811M | $119M | +15% |
| Potash Crop Nutrients | $615M | $750M | −$135M | -18% |
| Performance Products | $591M | $695M | −$104M | -15% |
| Other Product Types | $374M | $375M | −$1.5M | -0.4% |
| Crop Nutrient Blends | $284M | $268M | $15.8M | +6% |
| Phosphate Rock | $30.2M | $106M | −$75.5M | -71% |
| Revenue | $2.8B | $3.0B | −$182M | -6% |
| Income tax benefit | $33.8M | −$146M | $180M | — |
| Net loss | $266M | −$420M | $685M | — |
| Costs & expenses | $3.1B | $3.3B | −$202M | -6% |
| Operating costs | $2.9B | $2.8B | $98.3M | +4% |
| Interest & other, net | $264M | −$320M | $584M | — |
| Cost of revenue | $2.6B | $2.5B | $122M | +5% |
| SG&A | $132M | $167M | −$35.6M | -21% |
| Other operating costs | $119M | $107M | $11.6M | +11% |
| Operating cash sources | $433M | $190M | $243M | +128% |
| Depreciation & amortization | $292M | $262M | $30.4M | +12% |
| Share-based compensation | $7.8M | $8.4M | −$600K | -7% |
| Working capital & other | $133M | −$80.3M | $213M | — |
| Net loss absorbed | $266M | −$420M | $685M | — |
| Operating cash flow | $167M | $610M | −$442M | -73% |
| Capital expenditures | $320M | $305M | $15.7M | +5% |
| Negative free cash flow (OCF − capex) | $153M | −$305M | $458M | — |
Questions
How much did Mosaic's revenue grow year over year in Q2 2026?
Mosaic's revenue fell $182M (-6%) from $3.0B in Q2 2025 to $2.8B in Q2 2026.
What drove Mosaic's revenue change in Q2 2026?
Potash Crop Nutrients −$135M (-18%); Phosphate Crop Nutrients +$119M (+15%); Performance Products −$104M (-15%).