Kraft Heinz (KHC) Q1 FY2026 earnings: revenue $6.0 billion, up 0.8% on the year

Kraft Heinz Co. (KHC) reported revenue of $6.0 billion for Q1 FY2026, the quarter ended 28 March 2026, up 0.8% on the same quarter a year earlier. Net income was $798 million, up 12.1% on the year, and diluted earnings per share $0.67. The figures are the company's own, from the 10-Q it filed with the SEC on 6 May 2026.

Revenue

$6.0 billion

+0.8% on the year · -4.8% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

18.9%

19.9% a year earlier

Q2 FY2024Q1 FY2026

Net income

$798 million

+12.1% on the year · +22.6% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.67

+13.6% on the year · +21.8% on the quarter

Q2 FY2024Q1 FY2026

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

What management said

Guidance figures: 2 lowered, 7 kept.

Organic sales slipped 0.4 percent: Net sales rose 0.8 percent to $6.0 billion, helped by a 1.9 point currency effect and reduced by a 0.7 point divestiture effect. Organic net sales fell 0.4 percent.
Adjusted operating income fell 11.8%: Adjusted Operating Income decreased 11.8 percent to $1.1 billion. The cost and volume causes are described in the costs and products sections.
North America profit fell sharply: North America net sales fell 0.7 percent to $4.5 billion, with organic sales down 1.1 percent. Segment Adjusted Operating Income fell from $1,101 million to $974 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	6,047	6,354	5,999	-4.8%	+0.8%
Cost of revenue	3,828	4,282	3,935	-10.6%	-2.7%
Gross profit	2,219	2,072	2,064	+7.1%	+7.5%
Gross margin	36.7%	32.6%	34.4%
Selling, general and administrative	1,074	988	868	+8.7%	+23.7%
Operating income	1,145	1,084	1,196	+5.6%	-4.3%
Operating margin	18.9%	17.1%	19.9%
Interest expense	236	238	229	-0.8%	+3.1%
Pre-tax income	1,010	897	1,018	+12.6%	-0.8%
Income tax	211	249	304	-15.3%	-30.6%
Effective tax rate	20.9%	27.8%	29.9%
Net income	798	651	712	+22.6%	+12.1%
Net margin	13.2%	10.2%	11.9%
Diluted EPS	$0.67	$0.55	$0.59	+21.8%	+13.6%

$ million except per share.

Fourth 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	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	1,006	1,376	720	-26.9%	+39.7%
Capital expenditure	240	205	238	+17.1%	+0.8%
Free cash flow	766	1,171	482	-34.6%	+58.9%
Free cash flow margin	12.7%	18.4%	8.0%
Cash from investing	185	-223	-878
Cash from financing	-512	-488	900
Depreciation and amortisation	245	251	231	-2.4%	+6.1%
Share-based compensation	22.0	25.0	27.0	-12.0%	-18.5%
Buybacks	23.0	1.0	225	+2,200.0%	-89.8%
Dividends paid	474	474	477	0.0%	-0.6%
Dividend per share	$0.40	n/a	$0.40		0.0%
Diluted shares, weighted	1,188m	1,187m	1,198m	+0.1%	-0.8%
Shares outstanding at period end	1,186m	1,184m	1,190m	+0.2%	-0.3%

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	41,923	41,664	49,460	+0.6%	-15.2%
Non-controlling interest	113	113	138	0.0%	-18.1%
Redeemable equity	13.0	12.0	7.0	+8.3%	+85.7%
Debt	21,133	21,219	21,603	-0.4%	-2.2%
Operating lease liabilities	n/a	427	n/a
Finance lease liabilities	n/a	130	n/a
Other liabilities	18,864	18,221	19,066	+3.5%	-1.1%
Total liabilities and equity	82,046	81,786	90,274	+0.3%	-9.1%
Goodwill	22,153	22,179	28,753	-0.1%	-23.0%
Intangible assets	37,387	37,529	40,147	-0.4%	-6.9%
Investments	783	1,060	674	-26.1%	+16.2%
Cash and equivalents	3,308	2,615	2,113	+26.5%	+56.6%
Receivables	2,306	2,254	2,257	+2.3%	+2.2%
Inventory	3,310	3,167	3,591	+4.5%	-7.8%
Other assets	12,799	12,982	12,739	-1.4%	+0.5%
Total assets	82,046	81,786	90,274	+0.3%	-9.1%

Questions

What was Kraft Heinz's revenue in Q1 FY2026?

Kraft Heinz (KHC) reported revenue of $6.0 billion for Q1 FY2026, the quarter ended 28 March 2026, up 0.8% on the same quarter a year earlier.

How much did Kraft Heinz earn in Q1 FY2026?

Net income for Q1 FY2026 was $798 million, up 12.1% on the year, and diluted earnings per share $0.67.

When did Kraft Heinz report Q1 FY2026 results?

Kraft Heinz filed its 10-Q for the quarter ended 28 March 2026 with the SEC on 6 May 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	6,709	6,045	6,554	6,505	7,381	6,489	6,721	6,570	6,860	6,411	6,476	6,383	6,576	5,999	6,352	6,237	6,354	6,047	6,262	6,115
Cost of revenue	4,547	4,114	4,570	4,662	5,017	4,376	4,460	4,335	4,543	4,168	4,182	4,197	4,331	3,935	4,169	4,247	4,282	3,828	4,234	4,127
Gross profit	2,162	1,931	1,984	1,843	2,364	2,113	2,261	2,235	2,317	2,243	2,294	2,186	2,245	2,064	2,183	1,990	2,072	2,219	2,028	1,988
Gross margin	32%	32%	30%	28%	32%	33%	34%	34%	34%	35%	35%	34%	34%	34%	34%	32%	33%	37%	32%	33%
SG&A	2,182	816	1,442	1,092	1,138	870	885	1,582	1,017	941	1,772	2,287	2,285	868	10,157	965	988	1,074	8,459	1,113
Operating income	-20.0	1,115	542	751	1,226	1,243	1,376	653	1,300	1,302	522	-101	-40.0	1,196	-7,974	1,025	1,084	1,145	-6,431	875
Operating margin	-0%	18%	8%	12%	17%	19%	20%	10%	19%	20%	8%	-2%	-1%	20%	-126%	16%	17%	19%	-103%	14%
Interest expense	604	242	234	228	217	227	228	228	229	226	229	230	227	229	240	240	238	236	-31.0	210
Pre-tax income	-520	971	399	545	1,051	1,051	1,172	460	950	1,029	348	-283	-238	1,018	-8,167	807	897	1,010	-6,376	704
Tax rate	n/a	20%	34%	20%	16%	20%	15%	45%	20%	22%	71%	n/a	n/a	30%	n/a	24%	28%	21%	n/a	24%
Net income	-257	776	265	432	890	836	1,000	262	757	801	102	-290	2,131	712	-7,824	615	651	798	-5,460	544
Net margin	-4%	13%	4%	7%	12%	13%	15%	4%	11%	12%	2%	-5%	32%	12%	-123%	10%	10%	13%	-87%	9%
Diluted EPS	-$0.21	$0.63	$0.21	$0.35	$0.72	$0.68	$0.81	$0.21	$0.61	$0.66	$0.08	-$0.24	$1.76	$0.59	-$6.60	$0.52	$0.55	$0.67	-$4.60	$0.46
Operating cash flow	2,916	486	302	729	952	486	1,098	1,036	1,356	771	942	1,083	1,388	720	1,209	1,157	1,376	1,006	1,082	872
Capital expenditure	250	214	221	197	284	266	242	271	234	294	249	234	247	238	187	171	205	240	189	170
Free cash flow	2,666	272	81.0	532	668	220	856	765	1,122	477	693	849	1,141	482	1,022	986	1,171	766	893	702
Buybacks	n/a	n/a	n/a	n/a	n/a	22.0	16.0	112	305	329	208	1.0	450	225	210	0.0	1.0	23.0	4.0	52.0
Dividends paid	490	490	490	490	490	491	491	492	491	486	483	483	479	477	474	473	474	474	475	474
Shares outstanding	1,224m	1,225m	1,225m	1,227m	1,225m	1,227m	1,228m	1,227m	1,218m	1,214m	1,209m	1,209m	1,195m	1,190m	1,184m	1,184m	1,184m	1,186m	1,186m	1,184m
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.

* 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-Q for the period ended 28 March 2026, filed 6 May 2026: the filing.