Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Mondelēz International Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net revenues	8,984)	9,313)	9,604)	9,204)	8,343)	9,290)	9,314)	9,029)	8,507)	9,166)	8,695)	7,763)	7,274)	7,764)	7,658)	7,182)	6,642)	7,238)	7,298)	6,665)	5,911)	6,707)
Cost of sales	(6,047)	(6,883)	(5,893)	(6,205)	(5,546)	(4,540)	(5,844)	(5,535)	(5,153)	(5,720)	(5,620)	(5,150)	(4,633)	(4,781)	(4,825)	(4,358)	(4,011)	(4,272)	(4,426)	(3,873)	(3,580)	(4,256)
Gross profit	2,937)	2,430)	3,711)	2,999)	2,797)	4,750)	3,470)	3,494)	3,354)	3,446)	3,075)	2,613)	2,641)	2,983)	2,833)	2,824)	2,631)	2,966)	2,872)	2,792)	2,331)	2,451)
Selling, general and administrative expenses	(1,725)	(1,711)	(1,980)	(1,630)	(1,891)	(1,938)	(2,259)	(2,019)	(1,869)	(1,855)	(2,131)	(1,884)	(1,676)	(1,693)	(1,670)	(1,436)	(1,593)	(1,564)	(1,624)	(1,484)	(1,453)	(1,537)
Asset impairments and exit costs	(2)	(2)	(86)	(176)	(15)	(47)	(89)	(58)	(23)	(47)	(74)	(18)	(6)	(164)	74)	(62)	(134)	(90)	(48)	(123)	(115)	(15)
Gain on acquisition	—)	—)	4)	—)	—)	—)	108)	—)	—)	—)	—)	—)	—)	—)	(1)	—)	—)	9)	—)	—)	—)	—)
Amortization of intangible assets	(38)	(37)	(38)	(40)	(37)	(38)	(37)	(38)	(37)	(39)	(36)	(32)	(32)	(32)	(32)	(32)	(32)	(38)	(51)	(50)	(50)	(43)
Operating income	1,172)	680)	1,611)	1,153)	854)	2,727)	1,193)	1,379)	1,425)	1,505)	834)	679)	927)	1,094)	1,204)	1,294)	872)	1,283)	1,149)	1,135)	713)	856)
Benefit plan non-service income (expense)	(264)	18)	20)	25)	28)	23)	22)	19)	22)	19)	24)	30)	30)	33)	28)	37)	54)	44)	36)	38)	31)	33)
Interest and other expense, net	(53)	(153)	(34)	(46)	(32)	(68)	(52)	(66)	(97)	(95)	(86)	(71)	(98)	(168)	(89)	(82)	(58)	(218)	(244)	(89)	(85)	(190)
Gain (loss) on marketable securities	—)	—)	—)	—)	—)	—)	—)	(1)	(189)	796)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Earnings before income taxes	855)	545)	1,597)	1,132)	850)	2,682)	1,163)	1,331)	1,161)	2,225)	772)	638)	859)	959)	1,143)	1,249)	868)	1,109)	941)	1,084)	659)	699)
Income tax provision	(230)	(154)	(216)	(326)	(295)	(632)	(257)	(354)	(268)	(658)	(270)	(184)	(201)	(210)	(238)	(342)	(398)	(212)	(344)	(391)	(341)	(148)
Gain (loss) on equity method investment transactions	—)	—)	332)	(4)	—)	(665)	—)	1)	(23)	487)	(3)	(6)	(8)	(5)	(3)	250)	502)	(7)	452)	345)	121)	71)
Equity method investment net earnings	19)	16)	35)	54)	48)	31)	44)	10)	71)	35)	85)	85)	98)	117)	103)	105)	107)	78)	110)	84)	106)	121)
Net earnings	644)	407)	1,748)	856)	603)	1,416)	950)	988)	941)	2,089)	584)	533)	748)	861)	1,005)	1,262)	1,079)	968)	1,159)	1,122)	545)	743)
Noncontrolling interest (earnings) losses	(3)	(5)	(3)	(3)	(2)	(4)	—)	(4)	3)	(8)	(1)	(1)	(1)	(6)	(2)	(4)	(1)	(7)	(3)	(3)	(1)	(7)
Net earnings attributable to Mondelēz International	641)	402)	1,745)	853)	601)	1,412)	950)	984)	944)	2,081)	583)	532)	747)	855)	1,003)	1,258)	1,078)	961)	1,156)	1,119)	544)	736)

Net Revenues: Net revenues exhibit a generally positive trend from March 2020 through June 2025, with some fluctuations. The revenues decreased in Q2 2020 likely due to pandemic impacts but recovered steadily afterward. Peaks are observed around Q4 2022 and Q4 2023, indicating seasonal or cyclical strength. Recently, figures have slightly moderated but remain elevated compared to the 2020 baseline.
Cost of Sales: Cost of sales follows an increasing trajectory, reflecting rising input costs or volume increases. Notable spikes occur in late 2022 and mid-2025, correlating with revenue increases but also suggesting margin pressures due to higher costs. The cost trends show greater volatility relative to revenues.
Gross Profit: Gross profit generally correlates with revenue trends but shows more variability. After a dip in mid-2020, profitability improves into late 2021, peaks sharply in early 2024, and then fluctuates notably in 2025. This implies changing cost efficiencies or pricing power over the periods analyzed.
Selling, General, and Administrative Expenses (SG&A): SG&A expenses increased over the observed years with periodic surges, especially in Q4 of each year, likely due to seasonal marketing or administrative activities. From 2022 onward, expenses remain elevated, potentially indicating intensified spending on growth initiatives or inflationary pressures on operating expenses.
Asset Impairments and Exit Costs: This item shows sporadic charges, with several negative outliers suggesting periodic asset write-downs or restructuring expenses. Notable impairments occur in late 2020, mid-2022, and late 2024, reflecting intermittent adjustments possibly related to corporate strategy or market conditions.
Gain on Acquisition: Gains on acquisitions are largely absent except for a significant gain in early 2023 and minor gains in 2025, indicating occasional non-recurring benefits from asset purchases or mergers that positively affected earnings in those periods.
Amortization of Intangible Assets: Amortization expenses remain relatively stable throughout, with minor fluctuations between -32 and -51 million, indicating consistent amortization schedules with no major impairments or additions.
Operating Income: Operating income generally mirrors gross profit trends but is more volatile. There is a substantial increase in early 2024, reaching a peak considerably above previous periods, followed by some declines. This suggests episodic operational efficiencies or one-time gains impacting profitability.
Benefit Plan Non-Service Income (Expense): This line item remains mostly positive, contributing modestly to income except for a sharp non-service expense in mid-2025, which may indicate actuarial losses or changes in pension/liability valuations adversely affecting net income temporarily.
Interest and Other Expense, Net: Interest and other expenses show fluctuations, with occasional spikes such as in Q1 2020 and Q1 2025. Overall, the expense is negative, slightly reducing net profitability but with manageable variability suggesting controlled leverage or financing costs.
Gain (Loss) on Marketable Securities: Substantial gains and losses appear intermittently, with a notable gain in Q4 2022 and losses in subsequent quarters, indicating volatile investment income or trading activity influencing non-operating income.
Earnings Before Income Taxes (EBIT): EBIT reveals a growing trend with spikes in Q1 2023 and Q1 2024, consistent with higher operating income. However, fluctuations indicate sensitivity to market conditions and exceptional items affecting pre-tax profitability.
Income Tax Provision: The tax provision varies significantly, rising in absolute terms in line with increased earnings but also reflecting changes in tax strategy or jurisdictions. Elevated tax charges in some quarters reduce net income gains from operating achievements.
Gain (Loss) on Equity Method Investment Transactions: This item is highly variable, with both significant gains and losses. The large positive impacts in Q4 2020 and Q1 2023 contrast with major losses in mid-2024, indicating that equity investments contribute unevenly to the overall financial results.
Equity Method Investment Net Earnings: Net earnings from equity investments remain relatively stable but tend to decrease slightly in later quarters, suggesting either reduced profitability or dividends from associated companies.
Net Earnings: Net earnings reflect overall performance trends, with a strong recovery after initial pandemic impacts. Peaks in early 2023 and early 2024 correspond with high operating income and extraordinary gains, while late 2024 and 2025 show greater volatility and some declines, likely due to higher costs, investment losses, or tax impacts.
Noncontrolling Interest (Earnings) Losses: Noncontrolling interests are generally small and negative but fluctuate in sign and magnitude throughout, suggesting minor variability in earnings attributable to minority stakeholders which has limited impact on consolidated net income.
Net Earnings Attributable to Mondelēz International: Reported net earnings attributable to the company align closely with consolidated net earnings, confirming majority ownership control. The pattern of growth, peaks, and volatility mirrors broader earnings trends, indicating that the company’s core operations and investments drive reported profitability.

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Mondelēz International Inc. (NASDAQ:MDLZ)

Income Statement Quarterly Data

Income Statement
Quarterly Data