Kraft Heinz (KHC) Q2 FY2026 earnings: revenue $6.3 billion, down 1.4% on the year

Kraft Heinz Co. (KHC) reported revenue of $6.3 billion for Q2 FY2026, the quarter ended 27 June 2026, down 1.4% on the same quarter a year earlier. Net income was -$5.5 billion, and diluted earnings per share $-4.60. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue

$6.3 billion

-1.4% on the year · +3.6% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

-102.7%

-125.5% a year earlier

Q3 FY2024Q2 FY2026

Net income

-$5.5 billion

Q3 FY2024Q2 FY2026

Diluted EPS

-$4.60

Q3 FY2024Q2 FY2026

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

What management said

Guidance figures: 5 raised, 2 lowered, 2 narrowed, 1 kept.

Net sales fell 1.4% year over year: Net sales were $6.3 billion, down 1.4%. Currency added 0.5 points and divestitures removed 0.6 points; organic net sales fell 1.3%.
Adjusted operating income down 18.4%: Adjusted operating income fell to $1.0 billion. Higher advertising and lower volume/mix were the main causes, per management.
Emerging Markets led growth: Emerging Markets net sales rose 10.4% to $771 million, with organic growth of 8.5% and segment adjusted operating income of $107 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	6,262	6,047	6,352	+3.6%	-1.4%
Cost of revenue	4,234	3,828	4,169	+10.6%	+1.6%
Gross profit	2,028	2,219	2,183	-8.6%	-7.1%
Gross margin	32.4%	36.7%	34.4%
Selling, general and administrative	8,459	1,074	10,157	+687.6%	-16.7%
Operating income	-6,431	1,145	-7,974
Operating margin	-102.7%	18.9%	-125.5%
Interest expense	-31.0	236	240
Pre-tax income	-6,376	1,010	-8,167
Income tax	-916	211	-344
Effective tax rate	n/a	20.9%	n/a
Net income	-5,460	798	-7,824
Net margin	-87.2%	13.2%	-123.2%
Diluted EPS	-$4.60	$0.67	-$6.60

$ 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	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	1,082	1,006	1,209	+7.6%	-10.5%
Capital expenditure	189	240	187	-21.2%	+1.1%
Free cash flow	893	766	1,022	+16.6%	-12.6%
Free cash flow margin	14.3%	12.7%	16.1%
Cash from investing	366	185	-470	+97.8%
Cash from financing	-2,370	-512	-1,323
Depreciation and amortisation	261	245	241	+6.5%	+8.3%
Share-based compensation	31.0	22.0	26.0	+40.9%	+19.2%
Buybacks	4.0	23.0	210	-82.6%	-98.1%
Dividends paid	475	474	474	+0.2%	+0.2%
Dividend per share	$0.40	$0.40	$0.40	0.0%	0.0%
Diluted shares, weighted	1,186m	1,188m	1,185m	-0.2%	+0.1%
Shares outstanding at period end	1,186m	1,186m	1,184m	0.0%	+0.2%

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	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	36,006	41,923	41,358	-14.1%	-12.9%
Non-controlling interest	111	113	127	-1.8%	-12.6%
Redeemable equity	13.0	13.0	7.0	0.0%	+85.7%
Debt	19,001	21,133	21,211	-10.1%	-10.4%
Other liabilities	17,934	18,864	18,878	-4.9%	-5.0%
Total liabilities and equity	73,065	82,046	81,581	-10.9%	-10.4%
Goodwill	19,714	22,153	22,226	-11.0%	-11.3%
Intangible assets	32,372	37,387	37,782	-13.4%	-14.3%
Investments	262	783	997	-66.5%	-73.7%
Cash and equivalents	2,419	3,308	1,567	-26.9%	+54.4%
Receivables	2,286	2,306	2,344	-0.9%	-2.5%
Inventory	3,308	3,310	3,567	-0.1%	-7.3%
Other assets	12,704	12,799	13,098	-0.7%	-3.0%
Total assets	73,065	82,046	81,581	-10.9%	-10.4%

Questions

What was Kraft Heinz's revenue in Q2 FY2026?

Kraft Heinz (KHC) reported revenue of $6.3 billion for Q2 FY2026, the quarter ended 27 June 2026, down 1.4% on the same quarter a year earlier.

How much did Kraft Heinz earn in Q2 FY2026?

Net loss for Q2 FY2026 was $5.5 billion, and the diluted loss per share $4.60.

When did Kraft Heinz report Q2 FY2026 results?

Kraft Heinz filed its 10-Q for the quarter ended 27 June 2026 with the SEC on 5 August 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 27 June 2026, filed 5 August 2026: the filing.