Kenvue (KVUE) Q1 FY2026 earnings: revenue $3.9 billion, up 4.5% on the year
Kenvue Inc. (KVUE) reported revenue of $3.9 billion for Q1 FY2026, the quarter ended 29 March 2026, up 4.5% on the same quarter a year earlier. Net income was $474 million, up 47.2% on the year, and diluted earnings per share $0.25. The figures are the company's own, from the 10-Q it filed with the SEC on 7 May 2026.
Revenue
$3.9 billion
+4.5% on the year · +3.4% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
19.6%
14.9% a year earlier
Q2 FY2024Q1 FY2026
Net income
$474 million
+47.2% on the year · +43.6% on the quarter
Q2 FY2024Q1 FY2026
Diluted EPS
$0.25
+47.1% on the year · +47.1% on the quarter
Q2 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 new.
Net sales rose 4.5% on currency: Net sales were $3,909 million vs $3,741 million in the prior year period, with foreign currency adding 3.8% and organic sales adding 0.7%.
Self Care sales fell organically: Self Care net sales rose 1.9% to $1,699 million, but organic sales fell 2.3%. Continued smoking cessation growth from Nicorette partly offset the decline.
Skin Health and Beauty grew: Skin Health and Beauty net sales rose 8.4% to $1,059 million, with organic growth in EMEA, Latin America and Asia Pacific and sequential improvement in North America.
$ 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
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
489
854
428
-42.7%
+14.3%
Capital expenditure
139
110
179
+26.4%
-22.3%
Free cash flow
350
744
249
-53.0%
+40.6%
Free cash flow margin
9.0%
19.7%
6.7%
Cash from investing
-167
-75.0
-167
Cash from financing
-295
-869
-310
Depreciation and amortisation
143
138
136
+3.6%
+5.1%
Share-based compensation
29.0
30.0
44.0
-3.3%
-34.1%
Buybacks
0.0
0.0
63.0
Dividends paid
398
398
392
0.0%
+1.5%
Dividend per share
$0.21
n/a
$0.20
+1.2%
Diluted shares, weighted
1,922m
1,920m
1,925m
+0.1%
-0.2%
Shares outstanding at period end
1,920m
1,916m
1,919m
+0.2%
+0.1%
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
Last 8 quarters
Shareholders' equity
10,608
10,765
10,053
-1.5%
+5.5%
Debt
8,661
8,524
8,738
+1.6%
-0.9%
Operating lease liabilities
99.0
107
76.0
-7.5%
+30.3%
Other liabilities
7,486
7,680
7,390
-2.5%
+1.3%
Total liabilities and equity
26,854
27,076
26,257
-0.8%
+2.3%
Fixed assets
2,208
2,212
1,927
-0.2%
+14.6%
Goodwill
9,376
9,509
9,136
-1.4%
+2.6%
Intangible assets
8,540
8,694
8,586
-1.8%
-0.5%
Cash and equivalents
1,075
1,062
1,057
+1.2%
+1.7%
Receivables
2,501
2,382
2,312
+5.0%
+8.2%
Inventory
1,674
1,666
1,680
+0.5%
-0.4%
Other assets
1,480
1,551
1,559
-4.6%
-5.1%
Total assets
26,854
27,076
26,257
-0.8%
+2.3%
Questions
What was Kenvue's revenue in Q1 FY2026?
Kenvue (KVUE) reported revenue of $3.9 billion for Q1 FY2026, the quarter ended 29 March 2026, up 4.5% on the same quarter a year earlier.
How much did Kenvue earn in Q1 FY2026?
Net income for Q1 FY2026 was $474 million, up 47.2% on the year, and diluted earnings per share $0.25.
When did Kenvue report Q1 FY2026 results?
Kenvue filed its 10-Q for the quarter ended 29 March 2026 with the SEC on 7 May 2026.
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. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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 29 March 2026, filed 7 May 2026: the filing.