Mondelez International Inc. (MDLZ) Q3 2026: Gaps +3.6% at Open — Post-Earnings Analysis

# Mondelēz International (MDLZ) Q4 2025 Financial Results Summary CHICAGO, Ill. – On February 3, 2026, Mondelēz International, Inc. (Nasdaq: MDLZ) announced its fourth quarter and full year 2025 financial results, displaying significant changes in revenues, margins, and earnings. ## Key Highlights - **FY 2025 Performance:** - **Net Revenues:** Increased by **5.8%** year-over-year to **$38.54 billion**. - **Organic Net Revenue Growth:** **4.3%** driven by higher net pricing, partially offset by a **3.7%** decline in volume/mix. - **Diluted EPS:** Declined by **44.7%** compared to prior year, now at **$1.89**. - **Adjusted EPS:** Down **14.6%** on a constant currency basis to **$2.92**. - **Cash Provided by Operating Activities:** Totaled **$4.5 billion**. - **Free Cash Flow:** Reported at **$3.2 billion**. - **Return of Capital to Shareholders:** **$4.9 billion** through dividends and share repurchases. - **Q4 2025 Performance:** - **Net Revenues:** Rose **9.3%** year-over-year to **$10.50 billion**. - **Organic Net Revenue Growth:** **5.1%** comprising **8.5%** pricing and a **4.8%** volume/mix decline. - **Gross Profit:** Fell by **20.3%** to **$2.96 billion**, with a gross profit margin of **28.2%**, down by **10.4 percentage points**. - **Operating Income:** Decreased **40.9%** to **$952 million**, equating to an operating income margin of **9.1%**, down **7.7 percentage points**. - **Net Earnings:** Dropped **61.9%** to **$665 million**. - **Diluted EPS:** Declined **60.8%** to **$0.51**. - **Adjusted EPS:** Increased by **4.6%** on a constant currency basis to **$0.72**. ## Revenue Breakdown by Regions for Q4 2025 - **Latin America:** - Net Revenues: **$1,264 million** (+7.9% vs. Q4 2024) - Organic Growth: **4.4%** (Pricing +8.5%, Volume/Mix -4.1%) - **Asia, Middle East & Africa:** - Net Revenues: **$2,078 million** (+8.9%) - Organic Growth: **7.5%** (Pricing +9.3%, Volume/Mix -1.8%) - **Europe:** - Net Revenues: **$4,391 million** (+17.3%) - Organic Growth: **8.3%** (Pricing +15.7%, Volume/Mix -7.4%) - **North America:** - Net Revenues: **$2,763 million** (-0.6%) - Organic Growth: **-0.5%** (Pricing +3.2%, Volume/Mix -3.7%) ## Financial Metrics Overview - **Gross Profit Margin**: Decreased from **38.6%** in Q4 2024 to **28.2%** due to increased commodity costs and changes in product mix. - **Operating Income Margin**: Fell from **16.8%** in Q4 2024 to **9.1%**. Adjusted Operating Income margin rose from **10.0%** to **11.9%**. - **Net Earnings for FY 2025:** Dropped **46.8%** to **$2.45 billion**. ## Dividend and Share Repurchase Information - Mondelēz announced a **return of $4.9 billion** to shareholders, which included both cash dividends and share repurchases. ## FY 2026 Outlook - **Organic Net Revenue Growth:** Expected to range from flat to **2%**. - **Adjusted EPS Growth:** Forecasted to be flat to **5%** on a constant currency basis. - **Free Cash Flow**: Projected around **$3 billion**. The company aims to focus on pricing strategy, structural cost savings, brand investments, and disciplined capital allocation as it navigates through ongoing challenges such as commodity price inflation and macroeconomic volatility. Mondelēz International remains committed to driving sustainable, profitable growth as it leverages its scale and strong brand portfolio in the upcoming year. Here are the extracted tables from the press release: ### Condensed Consolidated Statements of Earnings (in millions of U.S. dollars and shares, except per share data)