Bunge Global SA stock research
FY2025 Q2
Bunge Global SA (BG) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose. Gross margin improved, reflecting a stronger relationship between revenue and cost of revenue.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose. Gross margin improved, reflecting a stronger relationship between revenue and cost of revenue.
- The strongest observable margin driver is the improvement in gross margin relative to the prior quarter, as gross profit grew faster than revenue. This indicates a favorable shift in the efficiency of converting revenue into gross profit.
- Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all higher. Compared to the same quarter one year earlier, revenue turned positive from negative, gross profit was higher, and gross margin improved significantly from a negative level.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
18.4%
Gross profit
$738.0M
Revenue
$4.0B
Cost of revenue
$12.0B
Quarter-over-quarter change
+2.1 pts
Year-over-year change
+29.9 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, 2024 | -$5.7B | $664.0M | $12.6B | -11.6% |
| Sep 30, 2024 | $3.9B | $772.0M | $12.1B | 19.9% |
| Mar 31, 2025 | $3.7B | $597.0M | $11.0B | 16.3% |
| Jun 30, 2025 | $4.0B | $738.0M | $12.0B | 18.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+2.1 pts
Year-over-year change
Jun 30, 2024
+29.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the improvement in gross margin relative to the prior quarter, as gross profit grew faster than revenue. This indicates a favorable shift in the efficiency of converting revenue into gross profit.
Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all higher. Compared to the same quarter one year earlier, revenue turned positive from negative, gross profit was higher, and gross margin improved significantly from a negative level.
Monitor the trajectory of cost of revenue relative to revenue, as its increase alongside revenue growth will determine whether gross margin can sustain its improvement.