financial statements

The full income statement, balance sheet, and cash-flow statement for Mondelez International Inc. (MDLZ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	38.5B YoY+5.8%	36.4B YoY+1.2%	36.0B YoY+14.4%	31.5B YoY+9.7%	28.7B YoY+8.0%
	10.9B YoY-23.3%	14.3B YoY+3.6%	13.8B YoY+21.7%	11.3B YoY+0.5%	11.3B YoY+7.7%
Cost of revenue	27.6B YoY+24.4%	22.2B YoY-0.3%	22.3B YoY+10.2%	20.2B YoY+15.6%	17.5B YoY+8.2%
Research & development	400M YoY+0.0%	400M YoY+5.3%	380M YoY+9.8%	346M YoY-0.3%	347M YoY+4.5%
Selling, general & administrative	7.17B YoY-3.6%	7.44B YoY-7.0%	8.00B YoY+8.4%	7.38B YoY+17.9%	6.26B YoY+2.7%
Amortization of intangibles	142M YoY-7.2%	153M YoY+1.3%	151M YoY+14.4%	132M YoY-1.5%	134M YoY-30.9%
Operating income	3.55B YoY-44.1%	6.34B YoY+15.3%	5.50B YoY+55.7%	3.53B YoY-24.0%	4.65B YoY+20.8%
Other non-operating income	-282M YoY-56.7%	-180M YoY+41.9%	-310M YoY+26.7%	-423M YoY+5.4%	-447M YoY+26.5%
Equity-method income	65.0M YoY-61.3%	168M YoY+5.0%	160M YoY-58.4%	385M YoY-2.0%	393M YoY-6.7%
Pre-tax income	3.01B YoY-51.9%	6.26B YoY+6.5%	5.88B YoY+82.2%	3.23B YoY-26.1%	4.37B YoY+29.1%
Income tax	782M YoY-46.8%	1.47B YoY-4.4%	1.54B YoY+77.7%	865M YoY-27.3%	1.19B YoY-2.8%
	2.45B YoY-46.8%	4.61B YoY-7.0%	4.96B YoY+82.5%	2.72B YoY-36.8%	4.30B YoY+21.0%
Net income to non-controlling interest	15.0M YoY+25.0%	12.0M YoY+33.3%	9.00M YoY+0.0%	9.00M YoY-35.7%	14.0M YoY+0.0%
	$1.89 YoY-44.7%	$3.42 YoY-5.5%	$3.62 YoY+84.7%	$1.96 YoY-35.5%	$3.04 YoY+23.1%
EPS (basic)	$1.89 YoY-45.1%	$3.44 YoY-5.5%	$3.64 YoY+84.8%	$1.97 YoY-35.6%	$3.06 YoY+23.4%
Weighted-avg shares (basic)	1.29B YoY-3.5%	1.34B YoY-1.6%	1.36B YoY-1.1%	1.38B YoY-1.8%	1.40B YoY-2.0%
Weighted-avg shares (diluted)	1.30B YoY-3.6%	1.35B YoY-1.7%	1.37B YoY-1.1%	1.39B YoY-2.0%	1.41B YoY-1.9%
Dividends per share	$1.94 YoY+8.4%	$1.79 YoY+10.5%	$1.62 YoY+10.2%	$1.47	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	13.0B YoY-2.2%	13.2B YoY+13.2%	11.7B YoY+16.0%	10.1B YoY-2.4%	10.3B YoY+3.6%
Cash & equivalents	2.19B YoY+56.8%	1.40B YoY-25.7%	1.88B YoY-3.3%	1.95B YoY-45.2%	3.55B YoY-2.7%
Accounts receivable	3.90B YoY+0.7%	3.87B YoY+6.6%	3.63B YoY+17.7%	3.09B YoY+32.1%	2.34B YoY+1.7%
Inventory	4.42B YoY+15.5%	3.83B YoY+5.9%	3.62B YoY+6.9%	3.38B YoY+24.9%	2.71B YoY+2.3%
Other current assets	1.55B YoY-52.4%	3.25B YoY+84.2%	1.77B YoY+100.7%	880M YoY-2.2%	900M YoY+18.6%
	71.5B YoY+4.4%	68.5B YoY-4.1%	71.4B YoY+0.3%	71.2B YoY+6.1%	67.1B YoY-1.1%
Property, plant & equipment	8.32B YoY+0.0%	8.32B YoY+0.0%	8.32B YoY+0.0%	8.32B YoY+0.0%	8.32B YoY+0.0%
Operating lease right-of-use	731M YoY-4.7%	767M YoY+12.3%	683M YoY+3.5%	660M YoY+7.7%	613M YoY-3.9%
Goodwill	24.3B YoY+5.7%	23.0B YoY-3.7%	23.9B YoY+1.9%	23.4B YoY+6.7%	22.0B YoY+0.4%
Intangible assets	19.6B YoY+4.1%	18.8B YoY-5.0%	19.8B YoY+0.6%	19.7B YoY+7.8%	18.3B YoY-1.0%
Deferred tax assets	336M YoY+0.9%	333M YoY-18.4%	408M YoY-13.7%	473M YoY-12.6%	541M YoY-31.5%
Other non-current assets	951M YoY-19.9%	1.19B YoY+34.0%	886M YoY-52.4%	1.86B YoY+401.9%	371M YoY+27.1%
Total non-current assets	59.3B YoY+0.0%	59.3B YoY+0.0%	59.3B YoY+0.0%	59.3B YoY+0.0%	59.3B YoY+0.0%
	21.9B YoY+11.8%	19.5B YoY+2.8%	19.0B YoY+13.6%	16.7B YoY+19.4%	14.0B YoY-7.6%
Accounts payable	10.1B YoY+7.5%	9.43B YoY+13.4%	8.32B YoY+10.0%	7.56B YoY+12.4%	6.73B YoY+8.4%
Short-term & current debt	2.69B YoY+3685.9%	71.0M YoY-83.1%	420M YoY-81.7%	2.30B YoY+964.4%	216M YoY+644.8%
Current lease liability	164M YoY-4.7%	172M YoY+4.2%	165M YoY-0.6%	166M YoY-4.6%	174M YoY-8.4%
Other current liabilities	3.96B YoY-13.0%	4.54B YoY+5.0%	4.33B YoY+36.7%	3.17B YoY+32.2%	2.40B YoY-25.5%
	45.6B YoY+9.8%	41.5B YoY-3.5%	43.0B YoY-2.7%	44.2B YoY+14.1%	38.8B YoY-3.5%
Long-term debt	15.9B YoY+0.0%	15.9B YoY+0.0%	15.9B YoY+0.0%	15.9B YoY+0.0%	15.9B YoY+0.0%
Non-current lease liability	599M YoY-3.9%	623M YoY+16.0%	537M YoY+4.5%	514M YoY+12.0%	459M YoY-2.3%
Deferred tax liabilities	3.53B YoY+3.1%	3.42B YoY+4.0%	3.29B YoY-4.2%	3.44B YoY-0.2%	3.44B YoY+2.9%
Other non-current liabilities	1.89B YoY+5.4%	1.79B YoY-34.6%	2.73B YoY+1.7%	2.69B YoY+15.6%	2.33B YoY+1.0%
	25.8B YoY-4.1%	26.9B YoY-4.9%	28.3B YoY+5.4%	26.9B YoY-4.9%	28.3B YoY+2.5%
Common stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	32.3B YoY+0.1%	32.3B YoY+0.2%	32.2B YoY+0.2%	32.1B YoY+0.1%	32.1B YoY+0.1%
Retained earnings	36.4B YoY-0.2%	36.5B YoY+6.5%	34.2B YoY+8.8%	31.5B YoY+2.2%	30.8B YoY+8.5%
Treasury stock	31.5B YoY+7.4%	29.3B YoY+8.0%	27.2B YoY+5.4%	25.8B YoY+7.4%	24.0B YoY+8.1%
Accumulated other comprehensive income	-11.4B YoY+8.9%	-12.5B YoY-13.9%	-10.9B YoY+0.0%	-10.9B YoY-3.0%	-10.6B YoY+0.6%
Non-controlling interest	53.0M YoY+103.8%	26.0M YoY-23.5%	34.0M YoY-8.1%	37.0M YoY-31.5%	54.0M YoY-28.9%
Total equity incl. non-controlling	25.9B YoY-4.0%	27.0B YoY-5.0%	28.4B YoY+5.4%	26.9B YoY-5.0%	28.3B YoY+2.4%
Total liabilities & equity	71.5B YoY+4.4%	68.5B YoY-4.1%	71.4B YoY+0.3%	71.2B YoY+6.1%	67.1B YoY-1.1%
Common shares issued	2.00B YoY+0.0%	2.00B YoY+0.0%	2.00B YoY+0.0%	2.00B YoY+0.0%	2.00B YoY+0.0%
Common shares outstanding	1.74B YoY+0.0%	1.74B YoY+0.0%	1.74B YoY+0.0%	1.74B YoY+0.0%	1.74B YoY+0.0%
Shares outstanding (cover)	1.29B YoY-3.5%	1.34B YoY-1.7%	1.36B YoY-0.3%	1.37B YoY-2.1%	1.39B YoY-2.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.51B YoY-8.1%	4.91B YoY+4.2%	4.71B YoY+20.6%	3.91B YoY-5.6%	4.14B YoY+4.5%
Depreciation & amortization	1.36B YoY+4.3%	1.30B YoY+7.2%	1.22B YoY+9.8%	1.11B YoY-0.5%	1.11B YoY-0.3%
Share-based compensation	114M YoY-22.4%	147M YoY+0.7%	146M YoY+21.7%	120M YoY-0.8%	121M YoY-4.0%
Deferred income taxes	16.0M YoY-93.8%	257M YoY+794.6%	-37.0M YoY+11.9%	-42.0M YoY-120.5%	205M YoY+392.9%
Change in inventory	253M YoY-44.8%	458M YoY+137.3%	193M YoY-69.6%	635M YoY+273.5%	170M YoY+608.3%
Change in payables	-145M YoY-108.6%	1.68B YoY+537.1%	264M YoY-63.1%	715M YoY+1.9%	702M YoY+61.0%
	-1.20B YoY-327.4%	526M YoY-81.3%	2.81B YoY+157.5%	-4.89B YoY-18700.0%	-26.0M YoY-105.2%
Capital expenditure	1.28B YoY-7.8%	1.39B YoY+24.7%	1.11B YoY+22.7%	906M YoY-6.1%	965M YoY+11.8%
Acquisitions	15.0M YoY-93.8%	240M YoY+1363.2%	-19.0M YoY-100.4%	5.29B YoY+534.6%	833M YoY-26.7%
Purchases of investments	—	278M YoY-10.0%	309M YoY+1187.5%	24.0M YoY-20.0%	30.0M
Proceeds from sale of PP&E	9.00M YoY-43.8%	16.0M YoY-15.8%	19.0M YoY-57.8%	45.0M YoY-79.0%	214M
	-2.76B YoY+52.3%	-5.78B YoY+23.5%	-7.56B YoY-1557.5%	-456M YoY+88.8%	-4.07B YoY-83.7%
Long-term debt issued	1.59B YoY-4.6%	1.67B YoY+503.2%	277M YoY-93.8%	4.49B YoY-24.2%	5.92B YoY-17.9%
Long-term debt repaid	2.08B YoY-18.7%	2.55B YoY+5.0%	2.43B YoY-19.8%	3.03B YoY-51.5%	6.25B YoY+61.1%
Common stock repurchased	2.38B YoY+2.2%	2.33B YoY+50.9%	1.55B YoY-23.3%	2.02B YoY-4.4%	2.11B YoY+51.8%
Dividends paid	2.49B YoY+5.9%	2.35B YoY+8.8%	2.16B YoY+8.8%	1.99B YoY+8.7%	1.83B YoY+8.8%
Other financing activities	-13.0M YoY-110.1%	129M YoY-25.4%	173M YoY-0.6%	174M YoY+17500.0%	-1.00M YoY-100.8%
FX effect on cash	236M YoY+268.6%	-140M YoY-337.5%	-32.0M YoY+81.1%	-169M YoY-18.2%	-143M YoY-295.9%
Net change in cash	795M YoY+264.3%	-484M YoY-656.3%	-64.0M YoY+96.0%	-1.60B YoY-1554.6%	-97.0M YoY-104.2%
Interest paid	570M YoY+2.9%	554M YoY-2.5%	568M YoY+3.1%	551M YoY+29.3%	426M YoY+3.1%
Income taxes paid	1.07B YoY-27.1%	1.47B YoY-8.3%	1.61B YoY+45.7%	1.10B YoY-29.1%	1.56B YoY+23.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	69.5B YoY-13.0%	79.9B YoY-19.0%	98.6B YoY+8.3%	91.0B YoY-1.6%	92.5B YoY+10.6%
P/E	28.3× YoY+63.6%	17.3× YoY-19.3%	21.5× YoY-26.3%	29.1× YoY+35.4%	21.5× YoY-8.5%
P/S	1.8× YoY-17.8%	2.2× YoY-21.3%	2.8× YoY-7.2%	3.0× YoY-6.9%	3.2× YoY+2.4%
P/B	2.7× YoY-9.4%	3.0× YoY-14.1%	3.5× YoY+0.7%	3.4× YoY+4.8%	3.3× YoY+7.9%
P/FCF	21.5× YoY-5.3%	22.7× YoY-20.0%	28.3× YoY-7.2%	30.6× YoY+4.9%	29.1× YoY+8.0%
Earnings yield	3.5% YoY-38.9%	5.8% YoY+23.9%	4.7% YoY+35.7%	3.4% YoY-26.1%	4.6% YoY+9.3%
FCF yield	4.7% YoY+5.6%	4.4% YoY+25.0%	3.5% YoY+7.8%	3.3% YoY-4.7%	3.4% YoY-7.4%
Dividend yield	3.6% YoY+20.3%	3.0% YoY+34.0%	2.2% YoY+1.4%	2.2%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MDLZ's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MDLZ filings on SEC EDGAR → Not investment advice.

MDLZ▼ financial statements

About this data

financial statements