McCormick & Company, Incorporated (MKC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.94B | 1.87B | 1.85B | 1.72B | 1.66B | 1.61B | 1.8B | 1.68B | 1.64B | 1.6B | 1.75B | 1.68B | 1.66B | 1.57B | 1.7B | 1.6B | 1.54B | 1.52B | 1.73B | 1.55B |
| Revenue Growth % | 16.7% | 16.72% | 2.91% | 2.68% | 0.99% | 0.17% | 2.58% | -0.29% | -0.96% | 2.38% | 3.37% | 5.58% | 7.96% | 2.83% | -2% | 2.98% | -1.28% | 2.76% | 11.07% | 8.33% |
| Cost of Goods Sold | 1.16B | 1.17B | 1.13B | 1.08B | 1.04B | 1B | 1.08B | 1.03B | 1.02B | 1B | 1.05B | 1.06B | 1.04B | 1B | 1.07B | 1.03B | 1.01B | 962M | 1.03B | 949.8M |
| COGS % of Revenue | 59.82% | 62.17% | 61.07% | 62.6% | 62.47% | 62.38% | 59.83% | 61.31% | 62.29% | 62.61% | 59.99% | 63.03% | 62.9% | 64.04% | 63.18% | 64.48% | 65.97% | 63.19% | 59.38% | 61.3% |
| Gross Profit | 778.2M | 708.9M | 720.3M | 645.1M | 622.8M | 604M | 722.2M | 649.9M | 619.6M | 599.3M | 701.3M | 622.8M | 615.5M | 562.9M | 624.4M | 566.7M | 523M | 560.4M | 702.9M | 599.6M |
| Gross Margin % | 40.18% | 37.83% | 38.93% | 37.4% | 37.53% | 37.62% | 40.17% | 38.69% | 37.71% | 37.39% | 40.01% | 36.97% | 37.1% | 35.96% | 36.82% | 35.52% | 34.03% | 36.81% | 40.62% | 38.7% |
| Gross Profit Growth % | 24.95% | 17.37% | -0.26% | -0.74% | 0.52% | 0.78% | 2.98% | 4.35% | 0.67% | 6.47% | 12.32% | 9.9% | 17.69% | 0.45% | -11.17% | -5.49% | -14.9% | -2.96% | 6.39% | 1.58% |
| Operating Expenses | 501.8M | 456.3M | 404.8M | 356.4M | 377M | 378.8M | 416M | 363.4M | 385.5M | 365.8M | 404.1M | 377.8M | 393.7M | 363.9M | 360.1M | 331.5M | 365.8M | 353.5M | 426.7M | 334.4M |
| OpEx % of Revenue | 25.91% | 24.35% | 21.88% | 20.66% | 22.72% | 23.59% | 23.14% | 21.63% | 23.46% | 22.82% | 23.05% | 22.43% | 23.73% | 23.24% | 21.24% | 20.78% | 23.8% | 23.22% | 24.66% | 21.58% |
| Selling, General & Admin | 441.8M | 456.3M | 404.8M | 352.5M | 364.2M | 378.8M | 414.4M | 361.5M | 383.7M | 361.6M | 398M | 371.7M | 380.5M | 336.1M | 354M | 325.7M | 349.2M | 333.3M | 398.9M | 325.8M |
| SG&A % of Revenue | 22.81% | 24.35% | 21.88% | 20.44% | 21.95% | 23.59% | 23.05% | 21.52% | 23.35% | 22.56% | 22.71% | 22.06% | 22.93% | 21.47% | 20.88% | 20.41% | 22.72% | 21.89% | 23.05% | 21.03% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 276.4M | 252.6M | 315.5M | 288.7M | 245.8M | 225.2M | 306.2M | 286.5M | 234.1M | 233.5M | 297.2M | 245M | 221.8M | 199M | 264.3M | 235.2M | 157.2M | 206.9M | 276.2M | 265.2M |
| Operating Margin % | 14.27% | 13.48% | 17.05% | 16.74% | 14.81% | 14.03% | 17.03% | 17.06% | 14.25% | 14.57% | 16.96% | 14.54% | 13.37% | 12.71% | 15.59% | 14.74% | 10.23% | 13.59% | 15.96% | 17.12% |
| Operating Income Growth % | 12.45% | 12.17% | 3.04% | 0.77% | 5% | -3.55% | 3.03% | 16.94% | 5.55% | 17.34% | 12.45% | 4.17% | 41.09% | -3.82% | -4.31% | -11.31% | -33.78% | -12.44% | 0.47% | -2.86% |
| EBITDA | 339.1M | 315.6M | 374.7M | 349.9M | 302.9M | 279M | 357.5M | 341.1M | 291.2M | 279.3M | 346.1M | 298.8M | 270.6M | 246.8M | 316.7M | 285.2M | 206.4M | 255.9M | 323.4M | 312.4M |
| EBITDA Margin % | 17.51% | 16.84% | 20.25% | 20.29% | 18.25% | 17.38% | 19.88% | 20.31% | 17.72% | 17.43% | 19.75% | 17.74% | 16.31% | 15.76% | 18.68% | 17.87% | 13.43% | 16.81% | 18.69% | 20.16% |
| EBITDA Growth % | 11.95% | 13.12% | 4.81% | 2.58% | 4.02% | -0.11% | 3.29% | 14.16% | 7.61% | 13.17% | 9.28% | 4.77% | 31.1% | -3.56% | -2.07% | -8.71% | -26.6% | -10.02% | 2.34% | -0.95% |
| D&A (Non-Cash Add-back) | 0 | 63M | 59.2M | 61.2M | 57.1M | 53.8M | 51.3M | 54.6M | 57.1M | 45.8M | 48.9M | 53.8M | 48.8M | 47.8M | 52.4M | 50M | 49.2M | 49M | 47.2M | 47.2M |
| EBIT | 339.1M | 232.3M | 320.5M | 298.1M | 255.6M | 235M | 316.9M | 299.7M | 246.5M | 244.6M | 310.4M | 252.1M | 234.3M | 210.1M | 272.7M | 312.6M | 163.5M | 213.1M | 281.5M | 268.7M |
| Net Interest Income | -62.7M | -47.3M | -46.5M | -50.2M | -51M | -48.5M | -6.8M | -53.5M | -52.9M | -50.3M | -42.5M | -43.3M | -52.2M | -50.6M | -38.3M | -33.1M | -33.7M | -33.1M | -35.9M | -31.5M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 45.9M | 0 | 0 | 0 | 10.2M | 9.4M | 0 | 0 | 6.1M | 4.8M | 0 | 0 | 0 | 2.4M |
| Interest Expense | 62.7M | 47.3M | 46.5M | 50.2M | 51M | 48.5M | 52.7M | 53.5M | 52.9M | 50.3M | 52.7M | 52.7M | 52.2M | 50.6M | 44.4M | 37.9M | 33.7M | 33.1M | 35.9M | 33.9M |
| Other Income/Expense | -56.2M | -67.6M | -23.3M | -23.9M | -21.5M | -21.3M | -23.8M | -22.4M | -23.7M | -17.9M | -20.8M | -32.2M | -29.4M | -25.5M | -25.4M | 47M | -17M | -17.6M | -21.6M | -21.3M |
| Pretax Income | 220.2M | 185M | 292.2M | 264.8M | 224.3M | 203.9M | 282.4M | 264.1M | 210.4M | 215.6M | 276.4M | 212.8M | 192.4M | 173.5M | 238.9M | 282.2M | 140.2M | 189.3M | 254.6M | 243.9M |
| Pretax Margin % | 11.37% | 9.87% | 15.79% | 15.35% | 13.52% | 12.7% | 15.71% | 15.72% | 12.8% | 13.45% | 15.77% | 12.63% | 11.6% | 11.08% | 14.09% | 17.69% | 9.12% | 12.43% | 14.71% | 15.74% |
| Income Tax | 63.5M | 48.7M | 65.6M | 39.3M | 49.3M | 41.6M | 67.2M | 41M | 26.2M | 49.6M | 57.1M | 42.7M | 40.3M | 34.4M | 53.2M | 59.3M | 21.7M | 34.4M | 57.2M | 31.5M |
| Effective Tax Rate % | 28.84% | 26.32% | 22.45% | 14.84% | 21.98% | 20.4% | 23.8% | 15.52% | 12.45% | 23.01% | 20.66% | 20.07% | 20.95% | 19.83% | 22.27% | 21.01% | 15.48% | 18.17% | 22.47% | 12.92% |
| Net Income | 160.2M | 1.02B | 226.6M | 225.5M | 175M | 162.3M | 215.2M | 223.1M | 184.2M | 166M | 219.3M | 170.1M | 152.1M | 139.1M | 185.7M | 222.9M | 118.5M | 154.9M | 197.4M | 212.4M |
| Net Margin % | 8.27% | 54.23% | 12.25% | 13.07% | 10.55% | 10.11% | 11.97% | 13.28% | 11.21% | 10.36% | 12.51% | 10.1% | 9.17% | 8.89% | 10.95% | 13.97% | 7.71% | 10.17% | 11.41% | 13.71% |
| Net Income Growth % | -8.46% | 526.12% | 5.3% | 1.08% | -4.99% | -2.23% | -1.87% | 31.16% | 21.1% | 19.34% | 18.09% | -23.69% | 28.35% | -10.2% | -5.93% | 4.94% | -35.49% | -4.26% | -1.64% | 3.06% |
| Net Income (Continuing) | 156.7M | 136.3M | 226.6M | 225.5M | 175M | 162.3M | 215.2M | 223.1M | 184.2M | 166M | 219.3M | 170.1M | 152.1M | 139.1M | 185.7M | 222.9M | 118.5M | 154.9M | 197.4M | 212.4M |
| Discontinued Operations | -1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 577.7M | 575.8M | 31.6M | 30.8M | 29M | 26.7M | 25.8M | 29.5M | 26.8M | 24.9M | 22.8M | 20.8M | 19.9M | 17.6M | 18.7M | 17.4M | 16.9M | 16.5M | 14.5M | 16.6M |
| EPS (Diluted) | 0.56 | 3.77 | 0.84 | 0.84 | 0.65 | 0.60 | 0.80 | 0.83 | 0.68 | 0.62 | 0.81 | 0.63 | 0.56 | 0.52 | 0.69 | 0.82 | 0.44 | 0.57 | 0.73 | 0.79 |
| EPS Growth % | -13.85% | 528.33% | 5% | 1.2% | -4.41% | -3.23% | -1.23% | 31.75% | 21.43% | 19.23% | 17.39% | -23.17% | 27.27% | -8.77% | -5.48% | 3.8% | -35.29% | -5% | -1.35% | 3.95% |
| EPS (Basic) | 0.56 | 3.78 | 0.84 | 0.84 | 0.65 | 0.60 | 0.80 | 0.83 | 0.69 | 0.62 | 0.82 | 0.63 | 0.57 | 0.52 | 0.69 | 0.83 | 0.44 | 0.58 | 0.74 | 0.79 |
| Diluted Shares Outstanding | 269.2M | 269.4M | 269.3M | 269.3M | 269.4M | 269.5M | 269.7M | 269.7M | 269.7M | 269.6M | 269.6M | 270.1M | 269.8M | 269.8M | 270.2M | 270.2M | 270.5M | 270.5M | 270M | 270M |
| Basic Shares Outstanding | 269.2M | 268.8M | 268.6M | 268.6M | 268.6M | 268.3M | 268.4M | 268.6M | 268.6M | 268.4M | 268.4M | 268.4M | 268.4M | 268.2M | 268.25M | 268.3M | 268.3M | 267.8M | 267.4M | 267.4M |
| Dividend Payout Ratio | 80.52% | 12.68% | 53.31% | 53.53% | 69.03% | 74.37% | 52.37% | 50.56% | 61.24% | 67.89% | 47.74% | 61.49% | 68.77% | 75.2% | 53.42% | 44.55% | 83.71% | 63.91% | 46.05% | 42.75% |