Bunge Global SA (BG) Q1 FY2026 earnings: revenue $21.9 billion, up 87.8% on the year

Bunge Global SA (BG) reported revenue of $21.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 87.8% on the same quarter a year earlier. Net income was $68 million, down 66.2% on the year, and diluted earnings per share $0.35. The figures are the company's own, from the 10-Q it filed with the SEC on 29 April 2026.

Revenue

$21.9 billion

+87.8% on the year · -8.0% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

n/a

Q2 FY2024Q1 FY2026

Net income

$68 million

-66.2% on the year · -28.4% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.35

-76.4% on the year · -28.6% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 1 lowered, 2 kept.

Adjusted EPS rose to $1.83: Adjusted diluted EPS was $1.83 versus $1.81 a year earlier; GAAP diluted EPS was $0.35 against $1.48. Management attributed the higher results primarily to Soybean and Softseed Processing and Refining.
Soybean results rose on South America: Soybean Processing and Refining adjusted Segment EBIT was $377 million versus $241 million, driven mainly by South America, with stronger processing in Argentina and Brazil.
Corporate expense rose with Viterra: Corporate EBIT was a loss of $148 million against $88 million, with the increase primarily from adding Viterra; timing of performance-based pay also affected the comparison.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	21,861	23,762	11,643	-8.0%	+87.8%
Cost of revenue	21,095	22,751	11,046	-7.3%	+91.0%
Gross profit	766	1,011	597	-24.2%	+28.3%
Gross margin	3.5%	4.3%	5.1%
Selling, general and administrative	531	637	380	-16.6%	+39.7%
Interest expense	181	216	104	-16.2%	+74.0%
Pre-tax income	61.0	86.0	284	-29.1%	-78.5%
Income tax	-14.0	-2.0	80.0
Effective tax rate	-23.0%	-2.3%	28.2%
Net income	68.0	95.0	201	-28.4%	-66.2%
Net margin	0.3%	0.4%	1.7%
Diluted EPS	$0.35	$0.49	$1.48	-28.6%	-76.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	-541	1,347	-285
Capital expenditure	336	538	310	-37.5%	+8.4%
Free cash flow	-877	809	-595
Free cash flow margin	-4.0%	3.4%	-5.1%
Cash from investing	-182	297	-280
Cash from financing	406	-1,792	490		-17.1%
Depreciation and amortisation	238	226	120	+5.3%	+98.3%
Share-based compensation	23.0	19.0	19.0	+21.1%	+21.1%
Dividends paid	136	135	91.0	+0.7%	+49.5%
Dividend per share	$0.70	$0.70	$0.68	0.0%	+2.9%
Diluted shares, weighted	196m	n/a	135m		+44.6%
Shares outstanding at period end	194m	194m	134m	+0.3%	+44.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	16,045	15,904	10,578	+0.9%	+51.7%
Non-controlling interest	1,381	1,465	966	-5.7%	+43.0%
Redeemable equity	51.0	53.0	49.0	-3.8%	+4.1%
Debt	14,553	14,051	6,717	+3.6%	+116.7%
Operating lease liabilities	1,135	1,097	659	+3.5%	+72.2%
Finance lease liabilities	n/a	157	n/a
Other liabilities	14,411	11,801	7,691	+22.1%	+87.4%
Total liabilities and equity	47,576	44,528	26,660	+6.8%	+78.5%
Fixed assets	n/a	n/a	5,511
Goodwill	3,291	3,141	463	+4.8%	+610.8%
Intangible assets	304	309	319	-1.6%	-4.7%
Investments	902	997	813	-9.5%	+10.9%
Cash and equivalents	839	1,135	3,245	-26.1%	-74.1%
Receivables	3,975	3,870	2,334	+2.7%	+70.3%
Inventory	15,428	13,198	7,817	+16.9%	+97.4%
Other assets	22,837	21,878	6,158	+4.4%	+270.9%
Total assets	47,576	44,528	26,660	+6.8%	+78.5%

Questions

What was Bunge Global SA's revenue in Q1 FY2026?

Bunge Global SA (BG) reported revenue of $21.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 87.8% on the same quarter a year earlier.

How much did Bunge Global SA earn in Q1 FY2026?

Net income for Q1 FY2026 was $68 million, down 66.2% on the year, and diluted earnings per share $0.35.

When did Bunge Global SA report Q1 FY2026 results?

Bunge Global SA filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 29 April 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	16,683	15,880	17,933	16,759	16,660	15,328	15,049	14,227	14,936	13,417	13,241	12,908	13,542	11,643	12,769	22,155	23,762	21,861	24,041	23,804
Cost of revenue	15,994	14,676	17,161	15,871	15,842	14,147	13,684	13,182	13,682	12,541	12,577	12,136	12,461	11,046	12,031	21,092	22,751	21,095	22,360	22,472
Gross profit	689	1,204	772	888	818	1,181	1,365	1,045	1,254	876	664	772	1,081	597	738	1,063	1,011	766	1,681	1,332
Gross margin	4%	8%	4%	5%	5%	8%	9%	7%	8%	7%	5%	6%	8%	5%	6%	5%	4%	4%	7%	6%
SG&A	339	308	334	337	390	353	420	447	495	439	449	437	451	380	418	678	637	531	606	605
Interest expense	59.0	111	92.0	103	97.0	112	129	133	142	108	123	127	113	104	106	202	216	181	197	208
Pre-tax income	296	804	261	496	505	842	827	503	879	369	103	322	730	284	494	270	86.0	61.0	943	515
Tax rate	22%	13%	14%	23%	26%	22%	24%	23%	25%	32%	29%	28%	14%	28%	25%	32%	-2%	-23%	25%	33%
Net income	231	688	206	380	336	632	622	373	616	244	70.0	221	602	201	354	166	95.0	68.0	678	318
Net margin	1%	4%	1%	2%	2%	4%	4%	3%	4%	2%	1%	2%	4%	2%	3%	1%	0%	0%	3%	1%
Diluted EPS	$1.52	$4.48	$1.34	$2.49	$2.21	$4.15	$4.09	$2.47	$4.18	$1.68	$0.48	$1.56	$4.36	$1.48	$2.61	$0.84	$0.49	$0.35	$3.47	$1.64
Operating cash flow	-1,252	-2,656	-1,801	-574	-518	931	-459	1,388	1,448	994	-1,474	1,327	1,053	-285	-1,072	854	1,347	-541	-585	-1,176
Capital expenditure	160	106	106	141	202	173	368	264	317	236	297	354	489	310	406	469	538	336	443	384
Free cash flow	-1,412	-2,762	-1,907	-715	-720	758	-827	1,124	1,131	758	-1,771	973	564	-595	-1,478	385	809	-877	-1,028	-1,560
Dividends paid	n/a	n/a	n/a	n/a	n/a	94.0	94.0	99.0	96.0	95.0	96.0	96.0	91.0	91.0	94.0	139	135	136	139	139
Shares outstanding	141m	152m	152m	150m	150m	151m	151m	146m	143m	142m	142m	140m	134m	134m	200m	193m	194m	194m	192m	192m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 29 April 2026: the filing.