Mondelēz International, Inc. Class A Common Stock (MDLZ) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.61	$0.67	+9.8%	—	$10.1B	—
Q4 25	$0.7	$0.72	+2.9%	—	$10.5B	—
Q3 25	$0.71	$0.73	+2.8%	—	$9.7B	—
Q2 25	$0.68	$0.73	+7.4%	—	$9B	—
Q1 25	$0.66	$0.74	+12.1%	—	$9.3B	—
Q4 24	$0.65	$0.65	0.0%	—	$9.6B	—
Q3 24	$0.85	$0.99	+16.5%	—	$9.2B	—
Q2 24	$0.79	$0.86	+8.9%	—	$8.3B	—
Q1 24	$0.89	$0.95	+6.7%	—	$9.3B	—
Q4 23	$0.77	$0.84	+9.1%	—	$9.3B	—
Q3 23	$0.79	$0.82	+3.8%	—	$9B	—
Q2 23	$0.69	$0.76	+10.1%	—	$8.5B	—
Q1 23	$0.8	$0.89	+11.2%	—	$9.2B	—
Q4 22	$0.7	$0.73	+4.3%	—	$8.7B	—
Q3 22	$0.69	$0.74	+7.2%	—	$7.8B	—
Q2 22	$0.64	$0.67	+4.7%	—	$7.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.89	—	—	$38.5B	—
FY24	—	$3.44	—	—	$36.4B	—
FY23	—	$3.64	—	—	$36B	—
FY22	—	$1.97	—	—	$31.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$25.9B	$25.9B	$25.9B	$25.9B	$26.6B	$28.7B	$31.5B	$36B	$36.4B	$38.5B
YoY change	-12.5%	-0.1%	+0.16%	-0.27%	+2.76%	+8.05%	+9.67%	+14.4%	+1.18%	+5.75%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	25.9B	25.9B	25.9B	25.9B	26.6B	28.7B	31.5B	36B	36.4B	38.5B
Cost of revenue	15.8B	15.9B	15.6B	15.5B	16.1B	17.5B	20.2B	22.3B	22.2B	27.6B
Gross profit	10.1B	10B	10.4B	10.3B	10.4B	11.3B	11.3B	13.8B	14.3B	10.9B
Gross margin	39%	38.7%	39.9%	40%	39.3%	39.2%	35.9%	38.2%	39.1%	28.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	6.5B	5.9B	6.5B	6.1B	6.1B	6.3B	7.4B	8B	7.4B	7.2B
Operating expenses	6.5B	5.9B	6.5B	6.1B	6.1B	6.3B	7.4B	8B	7.4B	7.2B
Operating income	3.4B	3.9B	3.7B	4B	4.2B	4.9B	3.8B	5.6B	6.7B	3.6B
Operating margin	13%	15.1%	14.3%	15.6%	15.6%	16.9%	12.1%	15.6%	18.3%	9.39%
Non-operating income, net	-1.4B	-398M	-397M	-96M	-348M	-178M	-274M	578M	-224M	-324M
Pretax income	1.5B	3.1B	2.8B	3.4B	3.4B	4.4B	3.2B	5.9B	6.3B	3B
Income tax	114M	666M	773M	2M	1.2B	1.2B	865M	1.5B	1.5B	782M
Net income	1.6B	2.8B	3.3B	3.9B	3.6B	4.3B	2.7B	5B	4.6B	2.5B
Net margin	6.35%	11%	12.8%	15.2%	13.4%	15%	8.66%	13.8%	12.7%	6.4%
EBITDA	4.1B	4.8B	4.6B	5.3B	5.5B	6.2B	5.2B	7.1B	8.4B	5B
EPS	1.07	1.93	2.3	2.68	2.48	3.06	1.97	3.64	3.44	1.89
Diluted EPS	1.05	1.91	2.28	2.65	2.47	3.04	1.96	3.62	3.42	1.89

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	9B	9.3B	9.3B	8.3B	9.2B	9.6B	9.3B	9B	9.7B	10.5B	10.1B	—
Cost of revenue	5.5B	5.8B	4.5B	5.5B	6.2B	5.9B	6.9B	6B	7.1B	7.5B	7.3B	—
Gross profit	3.5B	3.5B	4.8B	2.8B	3B	3.7B	2.4B	2.9B	2.6B	3B	2.8B	—
Gross margin	38.7%	37.3%	51.1%	33.5%	32.6%	38.6%	26.1%	32.7%	26.8%	28.2%	27.8%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2B	2.3B	1.9B	1.9B	1.6B	2B	1.7B	1.7B	1.8B	1.9B	1.9B	—
Operating expenses	2B	2.3B	1.9B	1.9B	1.6B	2B	1.7B	1.7B	1.8B	1.9B	1.9B	—
Operating income	1.4B	1.2B	2.8B	869M	1.3B	1.7B	682M	1.2B	785M	979M	860M	—
Operating margin	15.9%	12.6%	29.9%	10.4%	14.4%	17.6%	7.32%	13.1%	8.06%	9.33%	8.53%	—
Non-operating income, net	-40M	41M	-24M	111M	-68M	-297M	—	-266M	67M	-223M	63M	—
Pretax income	1.3B	1.2B	2.7B	850M	1.1B	1.6B	545M	855M	695M	919M	775M	—
Income tax	354M	257M	632M	295M	326M	216M	154M	230M	137M	261M	228M	—
Net income	988M	950M	1.4B	603M	856M	1.7B	407M	644M	746M	669M	564M	—
Net margin	10.9%	10.2%	15.2%	7.23%	9.3%	18.2%	4.37%	7.17%	7.66%	6.37%	5.6%	—
EBITDA	1.8B	1.6B	3.2B	1.3B	1.8B	2.1B	1B	1.3B	1.2B	1.5B	1.3B	—
EPS	0.72	0.7	1.05	0.45	0.64	1.31	0.31	0.49	0.57	0.52	0.44	1.21
Diluted EPS	0.72	0.7	1.04	0.45	0.63	1.3	0.31	0.49	0.57	0.51	0.44	1.2

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	69B	64.8B	58.9B	79.6B	83.7B	93B	91.8B	98.7B	80.1B	69.7B	80.1B
Enterprise value	84.4B	81.6B	76.2B	97.1B	100.6B	109.5B	113.4B	116.9B	97.1B	89.3B	100.3B
Shares outstanding	1.6B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.4B	1.3B	1.3B	1.3B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	41.9	22.8	17.7	20.2	23.4	21.6	33.7	19.9	17.3	28.2	37.9
P/S	2.66	2.5	2.27	3.08	3.15	3.24	2.92	2.74	2.2	1.81	2.01
P/B	2.74	2.48	2.29	2.91	3.03	3.28	3.41	3.48	2.97	2.69	3.01
EV/EBITDA	20.4	17	16.4	18.4	18.2	17.7	22	16.3	11.6	17.7	16.5
EV/Sales	3.26	3.15	2.94	3.75	3.78	3.81	3.6	3.24	2.67	2.32	2.53
Earnings yield	2.38%	4.39%	5.65%	4.96%	4.27%	4.64%	2.97%	5.03%	5.77%	3.54%	2.64%
FCF yield	2.34%	2.44%	4.84%	3.82%	3.71%	3.41%	3.27%	3.65%	4.4%	4.64%	2.81%
PEG	—	—	—	—	—	—	—	—	—	—	-2.15

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	39%	38.7%	39.9%	40%	39.3%	39.2%	35.9%	38.2%	39.1%	28.4%	28.8%
Operating margin	13%	15.1%	14.3%	15.6%	15.6%	16.9%	12.1%	15.6%	18.3%	9.39%	22%
Net margin	6.35%	11%	12.8%	15.2%	13.4%	15%	8.66%	13.8%	12.7%	6.4%	8.86%
ROE	6.52%	10.9%	13%	14.4%	12.9%	15.2%	10.1%	17.5%	17.1%	9.52%	13.3%
ROA	2.67%	4.51%	5.31%	6.11%	5.26%	6.43%	3.83%	6.96%	6.75%	3.45%	4.12%
ROIC	7.66%	7.17%	6.27%	8.97%	5.95%	7.9%	5.74%	8.91%	11.6%	5.88%	6.09%
Return on tangible assets	-10.8%	-17.2%	-22.6%	-30.1%	-27.6%	-32.1%	-18%	-30.9%	-30.3%	-15%	-16%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.59	0.48	0.45	0.5	0.66	0.74	0.6	0.62	0.68	0.59	0.6
Quick ratio	0.42	0.31	0.3	0.33	0.48	0.54	0.4	0.43	0.48	0.39	0.37
Debt / equity	0.68	0.68	0.71	0.69	0.74	0.71	0.87	0.7	0.68	0.84	0.83
Debt / assets	0.28	0.28	0.29	0.29	0.3	0.3	0.33	0.28	0.27	0.31	0.3
Net debt / EBITDA	3.73	3.52	3.73	3.33	3.07	2.65	4.18	2.54	2.03	3.9	3.75
Interest coverage	3.82	8.89	7.15	8.12	9	13	8.54	11.7	13.3	6.03	6.32
Effective tax rate	7.84%	21.3%	27.2%	0.06%	36.2%	27.2%	26.8%	26.1%	23.5%	25.9%	26.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	16.7	17.1	17.6	17.9	18.6	20.5	22.9	26.4	27.2	29.8	30.8
EPS (basic)	1.07	1.93	2.3	2.68	2.48	3.06	1.97	3.64	3.44	1.89	1.89
EPS (diluted)	1.05	1.91	2.28	2.65	2.47	3.04	1.96	3.62	3.42	1.89	1.65
Book value per share	16.2	17.2	17.5	18.9	19.3	20.2	19.5	20.8	20.1	20	20.8
FCF per share	1.04	1.04	1.94	2.1	2.17	2.26	2.18	2.64	2.63	2.5	2
Cash per share	1.12	0.5	0.75	0.89	2.53	2.53	1.4	1.33	1.01	1.64	1.34
Capex per share	0.09	0.07	0.27	0.06	0.01	0.15	0.03	0.01	0.01	0.99	0.01

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.53%	0.42%	1.53%	0.32%	0.04%	0.75%	0.14%	0.05%	0.04%	3.32%	0.02%
Capex / operating cash flow	6.26%	4.09%	8.38%	2%	0.21%	4.16%	1.29%	0.32%	0.32%	28.3%	0.28%
Payout ratio	66.5%	42.2%	40.8%	39.1%	47%	42.3%	72.8%	43.5%	50.8%	100.9%	122.2%
Dividend yield	1.59%	1.85%	2.31%	1.94%	2.01%	1.96%	2.16%	2.19%	2.93%	3.57%	3.19%

Yield

3.19%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.52

ex-dividend Sep 30, 2026

Payout ratio

122%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 30, 2026upcoming	$0.52
Jun 30, 2026	$0.50
Mar 31, 2026

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$9B	$9.3B	$9.3B	$8.3B	$9.2B	$9.6B	$9.3B	$9B	$9.7B	$10.5B	$10.1B	—
YoY change	+16.3%	+7.12%	+1.35%	-1.93%	+1.94%	+3.11%	+0.25%	+7.68%	+5.87%	+9.29%	+8.24%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.7B	761M	1.1B	1.3B	3.6B	3.5B	1.9B	1.8B	1.4B	2.1B
Receivables	2.6B	2.7B	2.3B	2.2B	2.3B	2.3B	3.1B	3.6B	3.9B	3.9B
Inventory	2.5B	2.6B	2.6B	2.5B	2.6B	2.7B	3.4B	3.6B	3.8B	4.4B
Total current assets	8.5B	7.5B	7.6B	7.6B	10B	10.3B	10.1B	11.7B	13.2B	13B
Property, plant & equipment	5.4B	5.7B	5.5B	6.2B	6.4B	6.1B	6.4B	6.9B	6.8B	7.4B
Goodwill & intangibles	76.8B	79.4B	77.5B	77.6B	80.8B	80.5B	86.3B	87.5B	83.7B	87.9B
Total assets	61.5B	63B	62.7B	64.5B	67.8B	67.1B	71.2B	71.4B	68.5B	71.5B
Accounts payable	5.3B	5.7B	5.8B	5.9B	6.2B	6.7B	7.6B	8.3B	9.4B	10.1B
Short-term debt	4B	4.7B	5.8B	4.2B	2.8B	2B	2.7B	2.5B	2.1B	4B
Total current liabilities	14.4B	15.8B	16.7B	15.3B	15.2B	14B	16.7B	19B	19.5B	21.9B
Long-term debt	13.2B	13B	12.5B	14.6B	17.7B	18B	20.8B	17.4B	16.3B	17.8B
Total liabilities	36.3B	36.9B	37B	37.2B	40.2B	38.8B	44.2B	43B	41.5B	45.6B
Shareholders' equity	25.2B	26.1B	25.7B	27.3B	27.7B	28.3B	26.9B	28.4B	27B	25.9B
Total debt	17.2B	17.7B	18.4B	18.8B	20.5B	20B	23.4B	19.9B	18.4B	21.8B
Net debt	15.5B	16.9B	17.3B	17.5B	16.9B	16.4B	21.5B	18.1B	17B	19.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	1.5B	—	—	—	—	—	—	—	—	1.4B	2.1B	1.5B
Receivables	2.9B	—	—	—	—	—	—	—	—	4.2B	3.9B	4.4B
Inventory	3.8B	—	—	—	—	—	—	—	—	5.1B	4.4B	4.1B
Total current assets	11.6B	—	—	—	—	—	—	—	—	13.1B	13B	12.7B
Property, plant & equipment	6.6B	—	—	—	—	—	—	—	—	7.3B	7.4B	7.3B
Goodwill & intangibles	87B	—	—	—	—	—	—	—	—	87.7B	87.9B	87.5B
Total assets	72B	—	—	—	—	—	—	—	—	71.4B	71.5B	71.1B
Accounts payable	7.7B	7.7B	8.3B	8.6B	8.4B	9.1B	9.4B	9.9B	10B	10B	10.1B	9.7B
Short-term debt	3.1B	—	—	—	—	—	—	—	—	4.2B	4B	5.6B
Total current liabilities	18B	—	—	—	—	—	—	—	—	21.5B	21.9B	23.5B
Long-term debt	18.6B	—	—	—	—	—	—	—	—	17.7B	17.8B	16.1B
Total liabilities	43.3B	—	—	49.1B	45.4B	44.3B	41.5B	43.1B	44.8B	45.1B	45.6B	45.3B
Shareholders' equity	28.7B	—	—	—	—	—	—	—	—	26.2B	25.9B	25.8B
Total debt	21.7B	—	—	—	—	—	—	—	—	21.9B	21.8B	21.6B
Net debt	20.2B	—	—	—	—	—	—	—	—	20.6B	19.7B	20.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.6B	2.8B	3.3B	3.9B	3.6B	4.3B	2.7B	5B	4.6B	2.5B
Depreciation & amortization	823M	816M	811M	1B	1.1B	1.1B	1.1B	1.2B	1.3B	1.4B
Stock-based compensation	140M	137M	128M	135M	126M	121M	120M	146M	147M	114M
Change in working capital	-206M	-993M	-97M	-448M	-177M	-649M	-521M	-487M	-969M	-974M
Operating cash flow	2.2B	2.7B	4.7B	4.1B	4.8B	5.1B	3.5B	5.9B	5B	4.5B
Capital expenditure	138M	109M	398M	82M	10M	214M	45M	19M	16M	-1.3B
Investing cash flow	195M	713M	-129M	-35M	1.4B	939M	-4B	3.9B	1.9B	-1.2B
Dividends paid	-1.1B	-1.2B	-1.4B	-1.5B	-1.7B	-1.8B	-2B	-2.2B	-2.3B	-2.5B
Share repurchases	-2.6B	-2.2B	-2B	-1.5B	-1.4B	-2.1B	-2B	-1.5B	-2.3B	-2.4B
Financing cash flow	-2.9B	-5.3B	-5.2B	-5.2B	-5.5B	-4.1B	-456M	-9.5B	-6.1B	-2.8B
Net change in cash	-495M	-1.9B	-565M	-1.1B	675M	2B	-960M	375M	787M	550M
Free cash flow	1.6B	1.6B	2.9B	3B	3.1B	3.2B	3B	3.6B	3.5B	3.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	941M	988M	950M	1.4B	603M	856M	1.7B	407M	644M	746M	669M	564M
Depreciation & amortization	290M	309M	313M	319M	317M	335M	331M	324M	339M	343M	352M	343M
Stock-based compensation	37M	34M	37M	31M	38M	43M	35M	18M	47M	19M	30M	29M
Change in working capital	-333M	-136M	253M	-337M	-645M	-413M	445M	-326M	-869M	-707M	928M	-719M
Operating cash flow	839M	1.1B	1.6B	1.7B	324M	432M	2.5B	371M	211M	717M	2.4B	467M
Capital expenditure	96M	-90M	—	2M	19M	1M	0	1M	7M	-299M	-398M	-312M
Investing cash flow	886M	821M	1.4B	-147M	-34M	-7M	2.1B	26M	-35M	-339M	-267M	-422M
Dividends paid	-526M	-526M	-579M	-578M	-573M	-571M	-627M	-623M	-610M	-609M	-645M	-644M
Share repurchases	-197M	-63M	-888M	-568M	-506M	-113M	-1.1B	-1.5B	-131M	-240M	-492M	0
Financing cash flow	-2B	-2.5B	-3.3B	-1.2B	-381M	-954M	-3.6B	-704M	-158M	-484M	-1.4B	-972M
Net change in cash	-243M	-531M	-317M	367M	-91M	-529M	1B	-307M	18M	-106M	717M	-927M
Free cash flow	578M	892M	1.2B	1B	455M	989M	1.1B	815M	3M	418M	2B	155M

Mondelēz International, Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement