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, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	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
Net revenues	9,355)	10,080)	10,496)	9,744)	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)
Cost of sales	(5,369)	(7,277)	(7,540)	(7,132)	(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)
Gross profit	3,986)	2,803)	2,956)	2,612)	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)
Selling, general and administrative expenses	(2,001)	(1,916)	(1,942)	(1,795)	(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)
Asset impairments and exit costs	(13)	(53)	(40)	(41)	(2)	(2)	(86)	(176)	(15)	(47)	(89)	(58)	(23)	(47)	(74)	(18)	(6)	(164)	74)	(62)	(134)	(90)
Gain on divestiture	—)	1)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Gain on acquisition	—)	—)	13)	—)	—)	—)	4)	—)	—)	—)	108)	—)	—)	—)	—)	—)	—)	—)	(1)	—)	—)	9)
Amortization of intangible assets	(26)	(27)	(35)	(32)	(38)	(37)	(38)	(40)	(37)	(38)	(37)	(38)	(37)	(39)	(36)	(32)	(32)	(32)	(32)	(32)	(32)	(38)
Operating income	1,946)	808)	952)	744)	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)
Benefit plan non-service income (expense)	27)	31)	21)	(27)	(264)	18)	20)	25)	28)	23)	22)	19)	22)	19)	24)	30)	30)	33)	28)	37)	54)	44)
Interest and other expense, net	(74)	(64)	(54)	(22)	(53)	(153)	(34)	(46)	(32)	(68)	(52)	(66)	(97)	(95)	(86)	(71)	(98)	(168)	(89)	(82)	(58)	(218)
Gain (loss) on marketable securities	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(1)	(189)	796)	—)	—)	—)	—)	—)	—)	—)	—)
Earnings before income taxes	1,899)	775)	919)	695)	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)
Income tax provision	(364)	(228)	(261)	(137)	(230)	(154)	(216)	(326)	(295)	(632)	(257)	(354)	(268)	(658)	(270)	(184)	(201)	(210)	(238)	(342)	(398)	(212)
Gain (loss) on equity method investment transactions	—)	(3)	—)	169)	—)	—)	332)	(4)	—)	(665)	—)	1)	(23)	487)	(3)	(6)	(8)	(5)	(3)	250)	502)	(7)
Equity method investment net earnings	17)	20)	11)	19)	19)	16)	35)	54)	48)	31)	44)	10)	71)	35)	85)	85)	98)	117)	103)	105)	107)	78)
Net earnings	1,552)	564)	669)	746)	644)	407)	1,748)	856)	603)	1,416)	950)	988)	941)	2,089)	584)	533)	748)	861)	1,005)	1,262)	1,079)	968)
Noncontrolling interest (earnings) losses	(4)	(4)	(4)	(3)	(3)	(5)	(3)	(3)	(2)	(4)	—)	(4)	3)	(8)	(1)	(1)	(1)	(6)	(2)	(4)	(1)	(7)
Net earnings attributable to Mondelēz International	1,548)	560)	665)	743)	641)	402)	1,745)	853)	601)	1,412)	950)	984)	944)	2,081)	583)	532)	747)	855)	1,003)	1,258)	1,078)	961)

The financial performance over the analyzed period reveals a general upward trajectory in net revenues, characterized by recurring seasonal fluctuations and significant volatility in net earnings. Revenue grew from 7,238 million USD in March 2021 to a peak of 10,496 million USD in September 2025, before moderating to 9,355 million USD by June 2026.

Revenue and Gross Profitability: Net revenues demonstrate a long-term growth trend, though quarterly variance is evident. Gross profit margins have experienced considerable instability. A notable anomaly occurred in March 2024, where gross profit reached 4,750 million USD due to a significant decrease in the cost of sales relative to revenue. In most other quarters, gross profit typically fluctuated between 2,400 million USD and 3,700 million USD, reflecting the impact of fluctuating input costs and pricing adjustments.
Operating Expense Management: Selling, general, and administrative (SG&A) expenses have trended upward in absolute terms, rising from approximately 1,564 million USD in early 2021 to 2,001 million USD by June 2026. Despite this increase, SG&A expenses have remained relatively proportional to revenue growth. Operating income has been highly volatile, with a peak of 2,727 million USD in March 2024, often mirroring the fluctuations observed in the gross profit margin.
Non-Operating Impacts and Volatility: Net earnings are heavily influenced by non-core items. Gain or loss on equity method investment transactions created substantial swings, such as a 502 million USD gain in June 2021 and a 665 million USD loss in March 2024. Additionally, benefit plan non-service income remained generally positive until a significant expense of 264 million USD was recorded in June 2025, which weighed on the bottom line for that period.
Net Earnings Trends: Net earnings attributable to the company exhibit a lack of linear progression, frequently disrupted by tax provisions and one-time investment gains or losses. Earnings peaked at 2,081 million USD in March 2023 and reached another high of 1,745 million USD in December 2024. Conversely, a sharp decline to 402 million USD was observed in March 2025, illustrating the sensitivity of net profit to non-operating adjustments and tax volatility.

AI Ask an analyst for more

Download chart

Mondelēz International Inc. (NASDAQ:MDLZ)

Income StatementQuarterly Data

Income Statement
Quarterly Data