Mondelez International (MDLZ) financials

NASDAQ · Consumer Defensive · Food Confectioners · 91,000 employees · CEO Dirk van de Put

Price: $64.94 +3.85%
Market cap: $82.2B
Enterprise value: $103B
Last report: Q3 '26 filed 2026-10-29
Next report: 2027-02-02 EPS est. $0.91

Revenue (TTM)$39.9B+6.0% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)13.7%+2.5 pp vs a year agoOperating income $5.46B

Net income (TTM)$4.08B+15.5% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$3.66B+59.7% vs a year agoCapex $1.35B

Diluted EPS (TTM)$3.17+18.7% vs a year agoSum of the last 4 quarters

Net cash-$20.7B-0.7% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $82.2B
Revenue: $39.9B
Revenue growth: +4%
Profit margin: 10.2%
P/E: 20.4×
P/S: 2.1×
EV / EBITDA: 14.1×
Free cash flow: $3.66B
Net income: $4.08B
Revenue estimate: $40B
Earnings: 2027-02-02
Dividend: $2.02

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-29): revenue in line, EPS beat by 10.2%Revenue $9.97B vs $9.98B expected (-0.2%); EPS $0.78 vs $0.71 (+10.2%).
Revenue growth slowing: 2.3% year on yearQ3 '26 revenue $9.97B, against an average of 6.9% over the four quarters before.
Operating margin 13.7% (TTM), +2.5 pp on a year agoOperating income grew 29.9% while revenue grew 6.0%.
Capex 3.4% of revenue (a year ago 3.4%)$1.35B invested in the last 4 quarters (+4.6% on a year earlier). Free cash flow $3.66B = 89.7% of net income.
Returned $3.91B to shareholders = 106.9% of free cash flowBuybacks $1.34B (a year earlier $3.04B), dividends $2.57B, stock-based pay $163M (TTM). More than the free cash flow: paid from cash or debt.
Diluted share count down 1.2% in a year1.28B diluted shares in Q3 '26, 1.3B a year earlier.
Net debt $20.7BCash + short-term investments $1.63B, debt incl. leases $22.3B; a year ago net debt $20.6B.
Latin America Segment: revenue +12.0%, margin 12.3% (was 11.9%)Fastest-growing reported segment in Q3 '26: operating income $170M on revenue $1.39B (from the segment note of the filing).

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$9.97B	$9.74B	+2.3%
Gross margin	39.4%	26.8%	+12.6 pp
Operating income	$1.76B	$744M	+136.3%
Operating margin	17.6%	7.6%	+10.0 pp
Net income	$1.31B	$743M	+75.6%
Diluted EPS	$1.02	$0.57	+78.9%
Operating cash flow	$1.28B	$717M	+79.1%
Capex	$293M	$299M	-2.0%
Free cash flow	$991M	$418M	+137.1%
R&D	$0	$0	–
Stock-based compensation	$46M	$19M	+142.1%

Reported vs consensus

2026-10-29

	Actual	Consensus	vs consensus
Revenue	$9.97B	$9.98B	-0.2%
EPS (as estimated)	$0.78	$0.71	+10.2%

From the report of 2026-10-29 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Biscuits	–	–	–	–	–
Biscuits & Baked Snacks	–	–	–	–	–
Chocolate	$3.09B	+0.5%	69.4%	$13.2B	+8.7%
Gum and Candy	$1.15B	+9.8%	25.9%	–	–
Gum & Candy	–	–	–	–	–
Cheese and Grocery	–	–	–	–	–
Meals	–	–	–	–	–
Beverages	$208M	-4.1%	4.7%	$974M	-0.7%

Revenue by region

share of total

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
Europe Segment	$3.55B	-3.3%	35.6%	$15.2B	+5.6%
North America Segment	$2.85B	+1.1%	28.6%	$10.8B	+1.0%
Asia, Middle East and Africa Segment	$2.18B	+8.2%	21.9%	$8.54B	+10.0%
Latin America Segment	$1.39B	+12.0%	13.9%	$5.37B	+11.8%

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q3 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Europe Segment	$3.55B	-3.3%	$339M	+23.3%	9.5%	7.5%	$1.58B
North America Segment	$2.85B	+1.1%	$448M	-18.1%	15.7%	19.4%	$1.68B
Asia Middle East And Africa Segment	$2.18B	+8.2%	$372M	+86.9%	17.0%	9.9%	$1.12B
Latin America Segment	$1.39B	+12.0%	$170M	+15.6%	12.3%	11.9%	$635M

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $5B
Capex: -$1.35B
Buybacks: -$1.34B
Dividends: -$2.57B
Acquisitions: $143M
Net debt issued: $137M
Stock-based compensation: $163M
Free cash flow: $3.66B
Returned to shareholders / FCF: 106.9%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	20.4×	24.2×	17.4× – 33.8×
EV / EBITDA	14.1×	17.6×	12.0× – 23.8×
EV / Sales	2.6×	3.1×	2.3× – 3.8×
Price / FCF	22.5×	26.3×	21.5× – 30.6×
Price / Book	3.1×	3.2×	2.7× – 3.5×
FCF yield	4.4%	3.9%	3.3% – 4.6%
Return on invested capital	7.6%	6.5%	4.5% – 9.5%
Return on equity	15.6%	13.9%	9.5% – 17.5%

Analysts

Consensus target $71.50 (+10.1%)
range $66.00 – $75.00 · rating Buy

Strong buy0

Buy33

Hold8

Sell2

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$40B	+3.9%	$3.06	+61.6%	21.3×	12
FY2027	$41B	+2.4%	$3.36	+10.0%	19.3×	12
FY2028	$42.3B	+3.3%	$3.60	+7.2%	18.0×	5
FY2029	$44.1B	+4.1%	$3.87	+7.4%	16.8×	1
FY2030	$44B	-0.1%	$4.19	+8.4%	15.5×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 299 figures Mondelez International, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable, Current	$9.51B	$10B	-5.1%	$10.1B	$9.43B	+7.5%
Accounts Receivable, after Allowance for Credit Loss, Current	$4.92B	$4.19B	+17.4%	$3.9B	$3.87B	+0.7%
Accounts Receivable, Allowance for Credit Loss, Current	$32M	$39M	-17.9%	$35M	$37M	-5.4%
Accrued Advertising, Current	$2.9B	$2.65B	+9.4%	$2.79B	$2.56B	+9.0%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$11.4B	-$11.5B	+0.9%	-$11.4B	-$12.5B	+8.9%
Additional Paid in Capital, Common Stock	$32.4B	$32.3B	+0.2%	$32.3B	$32.3B	+0.1%
Advertising Expense	–	–	–	$1.66B	$2.11B	-21.6%
Allowance for Doubtful Other Receivables, Current	$35M	$37M	-5.4%	$35M	$37M	-5.4%
Amortization of Intangible Assets	$26M	$32M	-18.8%	$142M	$153M	-7.2%
Amount Recognized in Income Due to Inflationary Accounting	$4M	$9M	-55.6%	$10M2011-12-31	$115M	-91.3%
Asset Impairment Charges	$76M	$46M	+65.2%	$85M	$267M	-68.2%
Assets	$71.8B	$71.4B	+0.6%	$71.5B	$68.5B	+4.4%
Assets for Plan Benefits, Defined Benefit Plan	$1.28B	$1.13B	+13.2%	$1.22B	$987M	+23.6%
Assets, Current	$13.8B	$13.1B	+4.9%	$13B	$13.2B	-2.2%
Business Combination, Acquisition Related Costs	–	–	–	$3M2024-12-31	$0	–
Capital Expenditures Incurred but Not yet Paid	-$126M	-$50M	-152.0%	$481M	$458M	+5.0%
Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations	$1.63B	$1.37B	+19.1%	$2.13B	$1.35B	+57.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$1.67B	$1.47B	+13.6%	$2.2B	$1.4B	+56.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$93M	-$121M	+23.1%	$795M	-$484M	+264.3%
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	-$36M	$0	–	–	–	–
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	$37M	$0	–	$02018-12-31	$0	–
Common Stock, Capital Shares Reserved for Future Issuance	68.1M2025-12-31	71.9M	-5.3%	68.1M	71.9M	-5.3%
Common Stock, Dividends, Per Share, Declared	$0.52	$0.50	+4.0%	$1.94	$1.79	+8.4%
Common Stock, Shares Authorized	5B	5B	0.0%	5B	5B	0.0%
Common Stock, Shares, Issued	2B	2B	0.0%	2B	2B	0.0%
Common Stock, Value, Issued	$0	$0	–	$0	$0	–
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$2M	$2M	0.0%	$39M	$2M	+1,850.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$1.23B	$840M	+46.4%	$3.56B	$3.09B	+15.3%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$1.23B	$842M	+46.3%	$3.6B	$3.09B	+16.5%
Cost of Goods and Services Sold	$6.04B	$7.13B	-15.3%	$27.6B	$22.2B	+24.4%
Current Federal Tax Expense (Benefit)	–	–	–	$102M	$268M	-61.9%
Current Foreign Tax Expense (Benefit)	–	–	–	$667M	$861M	-22.5%
Current State and Local Tax Expense (Benefit)	–	–	–	-$3M	$83M	-103.6%
Debt Instrument, Face Amount	$02026-03-31	–	–	$3B2014-01-16	–	–
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$54M	$98M	-44.9%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$46M	$131M	-135.1%
Deferred Income Tax Assets, Net	$82M	$437M	-81.2%	$336M	$333M	+0.9%
Deferred Income Tax Expense (Benefit)	$144M	-$89M	+261.8%	$16M	$257M	-93.8%
Deferred Income Tax Liabilities, Net	$3.59B	$3.45B	+3.9%	$3.53B	$3.43B	+3.1%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$8M	$28M	-71.4%
Deferred Tax Assets, Capital Loss Carryforwards	$752M2025-12-31	$681M	+10.4%	$752M	$681M	+10.4%
Deferred Tax Assets, Gross	$3.13B2025-12-31	$2.8B	+11.9%	$3.13B	$2.8B	+11.9%
Deferred Tax Assets, Net of Valuation Allowance	$1.68B2025-12-31	$1.5B	+11.8%	$1.68B	$1.5B	+11.8%
Deferred Tax Assets, Operating Loss Carryforwards	$752M2025-12-31	$681M	+10.4%	$752M	$681M	+10.4%
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	$721M2025-12-31	$649M	+11.1%	$721M	$649M	+11.1%
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$31M2025-12-31	$32M	-3.1%	$31M	$32M	-3.1%
Deferred Tax Assets, Tax Credit Carryforwards	$773M2025-12-31	$736M	+5.0%	$773M	$736M	+5.0%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Other	$168M2025-12-31	$154M	+9.1%	$168M	$154M	+9.1%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	$44M2025-12-31	$50M	-12.0%	$44M	$50M	-12.0%
Deferred Tax Assets, Tax Deferred Expense, Other	$763M2025-12-31	$527M	+44.8%	$763M	$527M	+44.8%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	$629M2025-12-31	$647M	-2.8%	$629M	$647M	-2.8%
Deferred Tax Assets, Valuation Allowance	$1.45B2025-12-31	$1.29B	+12.2%	$1.45B	$1.29B	+12.2%
Deferred Tax Liabilities, Goodwill and Intangible Assets	$3.31B2025-12-31	$3.08B	+7.4%	$3.31B	$3.08B	+7.4%
Deferred Tax Liabilities, Gross	$4.88B2025-12-31	$4.6B	+6.1%	$4.88B	$4.6B	+6.1%
Deferred Tax Liabilities, Net	$3.19B2025-12-31	$3.09B	+3.3%	$3.19B	$3.09B	+3.3%
Deferred Tax Liabilities, Other	$680M2025-12-31	$662M	+2.7%	$680M	$662M	+2.7%
Deferred Tax Liabilities, Property, Plant and Equipment	$875M2025-12-31	$777M	+12.6%	$875M	$777M	+12.6%
Defined Contribution Plan, Cost	–	–	–	$75M	$68M	+10.3%
Depreciation	$225M	$218M	+3.2%	$853M	$810M	+5.3%
Depreciation, Depletion and Amortization, Nonproduction	$347M	$343M	+1.2%	$1.36B	$1.3B	+4.3%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01