General Mills, Inc. (GIS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 4.61B | 4.44B | 4.86B | 4.52B | 4.56B | 4.84B | 5.24B | 4.85B | 4.71B | 5.1B | 5.14B | 4.9B | 5.03B | 5.13B | 5.22B | 4.72B | 4.89B | 4.54B | 5.02B | 4.54B |
| Revenue Growth % | 1.17% | -8.37% | -7.24% | -6.82% | -3.35% | -5.04% | 1.96% | -1.15% | -6.28% | -0.52% | -1.56% | 3.97% | 2.84% | 12.96% | 3.92% | 3.91% | 8.13% | 0.39% | 6.45% | 4.03% |
| Cost of Goods Sold | 3.01B | 3.08B | 3.17B | 2.98B | 3.08B | 3.2B | 3.31B | 3.16B | 3.03B | 3.39B | 3.37B | 3.13B | 3.3B | 3.46B | 3.52B | 3.27B | 3.12B | 3.13B | 3.39B | 2.94B |
| COGS % of Revenue | 65.21% | 69.39% | 65.18% | 66.07% | 67.65% | 66.15% | 63.15% | 65.17% | 64.18% | 66.52% | 65.64% | 63.9% | 65.64% | 67.52% | 67.34% | 69.31% | 63.81% | 69.07% | 67.53% | 64.81% |
| Gross Profit | 1.6B | 1.36B | 1.69B | 1.53B | 1.47B | 1.64B | 1.93B | 1.69B | 1.69B | 1.71B | 1.77B | 1.77B | 1.73B | 1.66B | 1.71B | 1.45B | 1.77B | 1.4B | 1.63B | 1.6B |
| Gross Margin % | 34.79% | 30.61% | 34.82% | 33.93% | 32.35% | 33.85% | 36.85% | 34.83% | 35.82% | 33.48% | 34.36% | 36.1% | 34.36% | 32.48% | 32.66% | 30.69% | 36.19% | 30.93% | 32.47% | 35.19% |
| Gross Profit Growth % | 8.79% | -17.14% | -12.36% | -9.24% | -12.69% | -4% | 9.35% | -4.61% | -2.31% | 2.56% | 3.57% | 22.3% | -2.36% | 18.6% | 4.53% | -9.37% | 11.81% | -9.67% | -5.22% | 0.44% |
| Operating Expenses | 3.7B | 812.9M | 964.5M | -193M | 970M | 747.7M | 853.2M | 857.3M | 909.1M | 796.7M | 954.1M | 840.5M | 910M | 934.6M | 905.3M | 362.1M | 753.8M | 588.4M | 831.1M | 753.1M |
| OpEx % of Revenue | 80.18% | 18.32% | 19.84% | -4.27% | 21.29% | 15.44% | 16.28% | 17.68% | 19.29% | 15.62% | 18.56% | 17.14% | 18.09% | 18.23% | 17.34% | 7.68% | 15.41% | 12.97% | 16.54% | 16.59% |
| Selling, General & Admin | 888.1M | 812.9M | 842.4M | 845.1M | 894.3M | 844.4M | 852M | 855.1M | 798.3M | 790.9M | 830.5M | 839.3M | 867.9M | 946.9M | 894.2M | 791.4M | 809.4M | 751.4M | 828.8M | 757.4M |
| SG&A % of Revenue | 19.27% | 18.32% | 17.33% | 18.71% | 19.63% | 17.44% | 16.26% | 17.64% | 16.93% | 15.51% | 16.16% | 17.11% | 17.25% | 18.47% | 17.13% | 16.78% | 16.55% | 16.56% | 16.5% | 16.68% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 257.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | 5.47% | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K |
| Operating Income | -2.09B | 545.2M | 728M | 1.73B | 504M | 891.4M | 1.08B | 831.5M | 779.2M | 910.7M | 811.8M | 930M | 818.2M | 730.2M | 799.8M | 1.09B | 1.02B | 815.3M | 800.1M | 844.3M |
| Operating Margin % | -45.4% | 12.29% | 14.98% | 38.2% | 11.06% | 18.41% | 20.57% | 17.15% | 16.53% | 17.86% | 15.8% | 18.96% | 16.27% | 14.25% | 15.32% | 23.01% | 20.77% | 17.97% | 15.93% | 18.6% |
| Operating Income Growth % | -515.2% | -38.84% | -32.46% | 107.55% | -35.32% | -2.12% | 32.78% | -10.59% | -4.77% | 24.72% | 1.5% | -14.33% | -19.48% | -10.44% | -0.04% | 28.58% | 85.45% | -1.37% | -12.71% | -1.1% |
| EBITDA | -2.08B | 684.6M | 866M | 1.86B | 639.6M | 1.03B | 1.21B | 971.1M | 919.7M | 1.06B | 940.4M | 1.07B | 953.8M | 867.3M | 939.4M | 1.22B | 1.16B | 959M | 941.2M | 990.1M |
| EBITDA Margin % | -45.13% | 15.43% | 17.82% | 41.27% | 14.04% | 21.18% | 23.04% | 20.03% | 19.51% | 20.73% | 18.3% | 21.76% | 18.96% | 16.92% | 17.99% | 25.86% | 23.63% | 21.13% | 18.73% | 21.81% |
| EBITDA Growth % | -425.27% | -33.26% | -28.28% | 92% | -30.46% | -2.97% | 28.39% | -9% | -3.58% | 21.88% | 0.11% | -12.52% | -17.48% | -9.56% | -0.19% | 23.21% | 66.37% | -2.74% | -11.67% | -0.97% |
| D&A (Non-Cash Add-back) | 0 | 139.4M | 138M | 138.7M | 135.6M | 134.3M | 129.5M | 139.6M | 140.5M | 146.4M | 128.6M | 137.2M | 135.6M | 137.1M | 139.6M | 134.3M | 139.7M | 143.7M | 141.1M | 145.8M |
| EBIT | -2.08B | 533.8M | 743.7M | 687.7M | 676.3M | 794.7M | 1.08B | 833.7M | 743.2M | 916.5M | 935.4M | 931.2M | 1.35B | 717.9M | 810.9M | 656.3M | 1.3B | 652.3M | 802.4M | 840M |
| Net Interest Income | -151.5M | -128.4M | -125.9M | -131.9M | -139.7M | -140M | -123.4M | -124M | -121.8M | -122M | -121.2M | -118.3M | -104.6M | -75.2M | -89.7M | -89.6M | -104.5M | -109.6M | -80.6M | -107.9M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 151.5M | 128.4M | 125.9M | 131.9M | 139.7M | 140M | 123.4M | 124M | 121.8M | 122M | 121.2M | 118.3M | 104.6M | 75.2M | 89.7M | 89.6M | 104.5M | 109.6M | 80.6M | 107.9M |
| Other Income/Expense | -139.3M | -139.8M | -110.2M | -110.9M | -132.9M | -108M | -80.8M | -90.5M | -83.5M | -85.1M | -73.5M | -76.5M | -57.4M | -64M | -44.4M | -46.2M | -55.8M | -29.5M | -32M | -37.2M |
| Pretax Income | -2.23B | 405.4M | 617.8M | 1.61B | 371.1M | 783.4M | 997.1M | 741M | 695.7M | 825.6M | 738.3M | 853.5M | 760.8M | 666.2M | 755.4M | 1.04B | 960.3M | 785.8M | 768.1M | 807.1M |
| Pretax Margin % | -48.42% | 9.14% | 12.71% | 35.75% | 8.14% | 16.18% | 19.03% | 15.28% | 14.76% | 16.19% | 14.37% | 17.4% | 15.13% | 13% | 14.47% | 22.03% | 19.63% | 17.32% | 15.29% | 17.78% |
| Income Tax | -240.4M | 99.9M | 204.8M | 410.9M | 69.1M | 152.4M | 194.8M | 157.4M | 136M | 149.3M | 136M | 173.2M | 140.7M | 108.3M | 147.1M | 216.1M | 134.5M | 123.2M | 159.7M | 168.9M |
| Effective Tax Rate % | 10.77% | 24.64% | 33.15% | 25.44% | 18.62% | 19.45% | 19.54% | 21.24% | 19.55% | 18.08% | 18.42% | 20.29% | 18.49% | 16.26% | 19.47% | 20.79% | 14.01% | 15.68% | 20.79% | 20.93% |
| Net Income | -2.01B | 303.1M | 413M | 1.2B | 294M | 625.6M | 795.7M | 579.9M | 557.5M | 670.1M | 595.5M | 673.5M | 614.9M | 553.1M | 605.9M | 820M | 822.8M | 660.3M | 597.2M | 627M |
| Net Margin % | -43.56% | 6.83% | 8.5% | 26.66% | 6.45% | 12.92% | 15.18% | 11.96% | 11.83% | 13.14% | 11.59% | 13.73% | 12.22% | 10.79% | 11.61% | 17.38% | 16.82% | 14.55% | 11.89% | 13.81% |
| Net Income Growth % | -782.96% | -51.55% | -48.1% | 107.66% | -47.26% | -6.64% | 33.62% | -13.9% | -9.33% | 21.15% | -1.72% | -17.87% | -25.27% | -16.23% | 1.46% | 30.78% | 97.41% | 10.84% | -13.25% | -1.86% |
| Net Income (Continuing) | -1.99B | 305.5M | 413M | 1.2B | 302M | 631M | 802.3M | 583.6M | 559.7M | 676.3M | 602.3M | 680.3M | 620.1M | 557.9M | 608.3M | 823.3M | 825.8M | 662.6M | 608.4M | 638.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 12.2M | 13.7M | 12.4M | 12.3M | 12M | 249.4M | 248.5M | 251M | 251.8M | 254.5M | 253.1M | 253M | 250.4M | 249.2M | 250.9M | 250.8M | 245.6M | 262.8M | 841.8M | 877.5M |
| EPS (Diluted) | -3.74 | 0.56 | 0.78 | 2.22 | 0.52 | 1.12 | 1.42 | 1.03 | 0.98 | 1.17 | 1.02 | 1.14 | 1.03 | 0.92 | 1.01 | 1.35 | 1.35 | 1.08 | 0.97 | 1.02 |
| EPS Growth % | -819.23% | -50% | -45.07% | 115.53% | -46.94% | -4.27% | 39.22% | -9.65% | -4.85% | 27.17% | 0.99% | -15.56% | -23.7% | -14.81% | 4.12% | 32.35% | 101.49% | 12.5% | -12.61% | -0.97% |
| EPS (Basic) | -3.74 | 0.57 | 0.78 | 2.22 | 0.52 | 1.13 | 1.43 | 1.03 | 0.98 | 1.18 | 1.03 | 1.15 | 1.04 | 0.94 | 1.01 | 1.37 | 1.36 | 1.09 | 0.98 | 1.03 |
| Diluted Shares Outstanding | 536.9M | 542.5M | 542.5M | 542.5M | 550.4M | 555M | 560.4M | 563.8M | 570.4M | 572.8M | 583.4M | 591.4M | 597.7M | 599M | 602M | 606M | 610.6M | 612.4M | 613M | 614.8M |
| Basic Shares Outstanding | 536.9M | 541.3M | 541.3M | 541.3M | 548.2M | 552.6M | 556.9M | 560.5M | 566.2M | 569.5M | 580.1M | 586.3M | 590.8M | 592.5M | 595.9M | 600.2M | 604.9M | 606.8M | 608.6M | 610.4M |
| Dividend Payout Ratio | - | 108.35% | 79.39% | 27.48% | 112.35% | 53.16% | 42.48% | 58.25% | 60.16% | 50.29% | 57.51% | 51.74% | 52.12% | 57.77% | 53.29% | 39.63% | 62.03% | 47.08% | 52.06% | 49.81% |