Bunge Global SA stock research
FY2025 Q3
Bunge Global SA (BG) Gross Margin — Quarter Ended Sep 30, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved versus both periods, reflecting a stronger relationship between revenue and gross profit relative to cost of revenue.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved versus both periods, reflecting a stronger relationship between revenue and gross profit relative to cost of revenue.
- The improvement in gross margin was driven by a proportionally larger increase in gross profit relative to revenue, as cost of revenue grew at a slower pace. This indicates that the company retained a higher share of revenue as gross profit.
- Compared to the immediately preceding quarter, gross margin was higher, supported by a larger increase in gross profit than in revenue. Versus the same quarter one year earlier, gross margin also improved, with revenue and gross profit both higher while cost of revenue increased less proportionally.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
24.3%
Gross profit
$1.1B
Revenue
$4.4B
Cost of revenue
$21.1B
Quarter-over-quarter change
+6.0 pts
Year-over-year change
+4.4 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 |
|---|---|---|---|---|
| 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% |
| Sep 30, 2025 | $4.4B | $1.1B | $21.1B | 24.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+6.0 pts
Year-over-year change
Sep 30, 2024
+4.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was driven by a proportionally larger increase in gross profit relative to revenue, as cost of revenue grew at a slower pace. This indicates that the company retained a higher share of revenue as gross profit.
Compared to the immediately preceding quarter, gross margin was higher, supported by a larger increase in gross profit than in revenue. Versus the same quarter one year earlier, gross margin also improved, with revenue and gross profit both higher while cost of revenue increased less proportionally.
Monitor the trend in cost of revenue relative to revenue, as its growth rate directly influences gross margin sustainability.