Kraft Heinz (KHC) Q4 FY2025 earnings: revenue $6.4 billion, down 3.4% on the year
Kraft Heinz Co. (KHC) reported revenue of $6.4 billion for Q4 FY2025, the quarter ended 27 December 2025, down 3.4% on the same quarter a year earlier. Net income was $651 million, down 69.5% on the year, and diluted earnings per share $0.55. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2026.
Revenue
$6.4 billion
-3.4% on the year · +1.9% on the quarter
Q1 FY2024Q4 FY2025
Operating margin
17.1%
-0.6% a year earlier
Q1 FY2024Q4 FY2025
Net income
$651 million
-69.5% on the year · +5.9% on the quarter
Q1 FY2024Q4 FY2025
Diluted EPS
$0.55
-68.8% on the year · +5.8% on the quarter
Q1 FY2024Q4 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 9 new.
Full-year net sales declined 3.5 percent: Full-year net sales were $24.9 billion, down 3.5 percent, with an unfavorable 0.1 point currency effect; organic net sales fell 3.4 percent.
Impairments produced full-year operating loss: The full-year operating loss of $4.7 billion reflects $9.3 billion of non-cash impairment losses, $5.6 billion more than the prior year.
Adjusted operating income down 11.5 percent: Full-year adjusted operating income was $4.7 billion, down 11.5 percent. Adjusted EPS was $2.60, down 15.0 percent, as lower operating income, higher taxes and higher interest more than offset fewer shares.
$ million except per share. Read moreFourth quarters are the year less the first three quarters. 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
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,376
1,157
1,388
+18.9%
-0.9%
Capital expenditure
205
171
247
+19.9%
-17.0%
Free cash flow
1,171
986
1,141
+18.8%
+2.6%
Free cash flow margin
18.4%
15.8%
17.4%
Cash from investing
-223
-262
-174
Cash from financing
-488
-340
-962
Depreciation and amortisation
251
245
234
+2.4%
+7.3%
Share-based compensation
25.0
17.0
26.0
+47.1%
-3.8%
Buybacks
1.0
0.0
450
-99.8%
Dividends paid
474
473
479
+0.2%
-1.0%
Dividend per share
n/a
$0.40
n/a
Diluted shares, weighted
1,187m
1,186m
1,207m
+0.1%
-1.7%
Shares outstanding at period end
1,184m
1,184m
1,195m
0.0%
-0.9%
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
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
41,664
41,450
49,185
+0.5%
-15.3%
Non-controlling interest
113
122
134
-7.4%
-15.7%
Redeemable equity
12.0
7.0
6.0
+71.4%
+100.0%
Debt
21,219
21,192
19,869
+0.1%
+6.8%
Operating lease liabilities
427
n/a
464
-8.0%
Finance lease liabilities
130
n/a
126
+3.2%
Other liabilities
18,221
18,924
18,503
-3.7%
-1.5%
Total liabilities and equity
81,786
81,695
88,287
+0.1%
-7.4%
Goodwill
22,179
22,167
28,673
+0.1%
-22.6%
Intangible assets
37,529
37,545
40,099
-0.0%
-6.4%
Investments
1,060
1,020
0.0
+3.9%
Cash and equivalents
2,615
2,114
1,334
+23.7%
+96.0%
Receivables
2,254
2,255
2,147
-0.0%
+5.0%
Inventory
3,167
3,530
3,376
-10.3%
-6.2%
Other assets
12,982
13,064
12,658
-0.6%
+2.6%
Total assets
81,786
81,695
88,287
+0.1%
-7.4%
Questions
What was Kraft Heinz's revenue in Q4 FY2025?
Kraft Heinz (KHC) reported revenue of $6.4 billion for Q4 FY2025, the quarter ended 27 December 2025, down 3.4% on the same quarter a year earlier.
How much did Kraft Heinz earn in Q4 FY2025?
Net income for Q4 FY2025 was $651 million, down 69.5% on the year, and diluted earnings per share $0.55.
When did Kraft Heinz report Q4 FY2025 results?
Kraft Heinz filed its 10-K for the year that ended with the quarter on 12 February 2026; the fourth quarter is the year less the first three.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. 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-K for the period ended 27 December 2025, filed 12 February 2026: the filing.