Mondelez International, Inc. stock research
FY2026 Q1
Mondelez International (MDLZ) Gross Margin & Quarterly History
Explore Mondelez International, Inc. (MDLZ) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and cost of revenue both decreased from the previous quarter, leading to a lower gross profit and a slightly lower gross margin. Compared to the same quarter last year, revenue and cost of revenue increased, but gross profit grew at a faster rate, resulting in a higher gross margin.
- The strongest observable margin driver is the year-over-year improvement in gross margin, as gross profit increased relative to revenue. The sequential decline in gross margin is also noteworthy.
- Gross margin is lower than the immediately preceding quarter and higher than the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
27.8%
Gross profit
$2.8B
Revenue
$10.1B
Cost of revenue
$7.3B
Quarter-over-quarter change
-0.4 pts
Year-over-year change
+1.7 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 | $9.0B | $2.9B | $6.0B | 32.7% |
| Sep 30, 2025 | $9.7B | $2.6B | $7.1B | 26.8% |
| Dec 31, 2025 | $10.5B | $3.0B | $7.5B | 28.2% |
| Mar 31, 2026 | $10.1B | $2.8B | $7.3B | 27.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.4 pts
Year-over-year change
Mar 31, 2025
+1.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year improvement in gross margin, as gross profit increased relative to revenue. The sequential decline in gross margin is also noteworthy.
Gross margin is lower than the immediately preceding quarter and higher than the same quarter one year earlier.
Monitor the trend in cost of revenue relative to revenue to assess gross margin stability.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Mondelez International, Inc. (MDLZ) | 27.8% |