Archer-Daniels-Midland Company stock research
FY2026 Q1
Archer-Daniels-Midland (ADM) Gross Margin — Quarter Ended Mar 31, 2026
Revenue and gross profit were unchanged from both the prior quarter and the same quarter last year. Gross margin weakened slightly sequentially but strengthened year over year.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and gross profit were unchanged from both the prior quarter and the same quarter last year. Gross margin weakened slightly sequentially but strengthened year over year.
- The year-over-year gross margin improvement is the strongest observable driver, as it increased despite stable revenue and gross profit.
- Compared to the prior quarter, gross margin was slightly lower, while compared to the same quarter last year, it was higher. Revenue and gross profit were flat in both comparisons.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
19.9%
Gross profit
$1.2B
Revenue
$6.1B
Cost of revenue
$19.3B
Quarter-over-quarter change
-0.1 pts
Year-over-year change
+0.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $6.3B | $1.4B | $19.8B | 21.6% |
| Sep 30, 2025 | $6.4B | $1.3B | $19.1B | 19.8% |
| Dec 31, 2025 | $6.1B | $1.2B | $17.3B | 20.0% |
| Mar 31, 2026 | $6.1B | $1.2B | $19.3B | 19.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.1 pts
Year-over-year change
Mar 31, 2025
+0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year gross margin improvement is the strongest observable driver, as it increased despite stable revenue and gross profit.
Compared to the prior quarter, gross margin was slightly lower, while compared to the same quarter last year, it was higher. Revenue and gross profit were flat in both comparisons.
Monitor the cost of revenue trend, as it increased both sequentially and year over year, which could affect future gross margins.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Archer-Daniels-Midland Company (ADM) | 19.9% |