Mondelez International (MDLZ) Operating Margin (2009 - 2026)
Mondelez International's Operating Margin came in at 20.80% for Q2 2026, up 7.76 percentage points from 13.05% a year earlier and up 12.79 percentage points from the prior quarter.
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Analysis
Mondelez International (MDLZ) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Mondelez International reported Operating Margin of 11.22%, down 1.22 percentage points year-over-year; for FY2025, it came in at 9.21%, down 8.20 percentage points from FY2024.
- Operating Margin carries a five-year change of -5.29 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 17.41% in FY2024 (+2.14 pp), 15.28% in FY2023 (+4.06 pp), 11.22% in FY2022 (-4.98 pp) and 16.20% in FY2021 (+1.71 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q1 2024.
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -2.77 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2024 (a gain of 12.93 percentage points), and the weakest in Q1 2025 (a drop of 22.05 percentage points).
- Business Quant data shows MDLZ's Operating Margin at 8.02% (Q1 2026), 9.07% (Q4 2025) and 7.64% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 136.33 Bn | 111.70 Bn | - | - |
| 2 | Mondelez International | 76.81 Bn | 70.13 Bn | 3.99 Bn | 20.80% |
| 3 | Hershey | 33.25 Bn | 29.49 Bn | 1.26 Bn | 23.06% |
| 4 | Kraft Heinz | 27.93 Bn | 14.46 Bn | 2.03 Bn | -102.70% |
| 5 | General Mills | 17.97 Bn | 15.62 Bn | 1.49 Bn | 14.43% |
| 6 | Mccormick | 13.05 Bn | 12.93 Bn | 778.20 Mn | 14.27% |
| 7 | J M Smucker | 12.89 Bn | 12.67 Bn | 979.60 Mn | 23.05% |
| 8 | Hormel Foods | 10.99 Bn | 7.67 Bn | 471.52 Mn | 3.75% |
| 9 | Chewy | 7.48 Bn | 4.77 Bn | 1.01 Bn | 2.76% |
| 10 | Conagra Brands | 6.78 Bn | 5.76 Bn | 704.10 Mn | -57.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.80% |
| Mar 31, 2026 | 8.02% |
| Dec 31, 2025 | 9.07% |
| Sep 30, 2025 | 7.64% |
| Jun 30, 2025 | 13.05% |
| Mar 31, 2025 | 7.30% |
| Dec 31, 2024 | 16.77% |
| Sep 30, 2024 | 12.53% |
| Jun 30, 2024 | 10.24% |
| Mar 31, 2024 | 29.35% |
| Dec 31, 2023 | 12.81% |
| Sep 30, 2023 | 15.27% |
| Jun 30, 2023 | 16.75% |
| Mar 31, 2023 | 16.42% |
| Dec 31, 2022 | 9.59% |
| Sep 30, 2022 | 8.75% |
| Jun 30, 2022 | 12.74% |
| Mar 31, 2022 | 14.09% |
| Dec 31, 2021 | 15.72% |
| Sep 30, 2021 | 18.02% |
API Access
Mondelez International Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MDLZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MDLZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MDLZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();