Short answer
Mondelez International (MDLZ) filed its fiscal 2025 10-K annual report with the SEC on Feb 4, 2026. It reported revenue of $38.5B (+5.8% year over year) and net income of $2.5B.
- Top risk flagged: Regulatory risk from potential trade and tariff actions affecting countries where Mondelez operates, impacting global operations and costs
FY2025 key financial metrics · XBRL
- Revenue
- $38.5B
- +5.8% YoY
- Net income
- $2.5B
- −46.8% YoY
- Operating margin
- 9.2%
- −8.2 pp YoY
- Gross margin
- 28.4%
- −10.7 pp YoY
- EPS (diluted)
- $1.89
- −44.7% YoY
- ROE
- 9.5%
- −7.6 pp YoY
- Operating cash flow
- $4.5B
- −8.1% YoY
Source: XBRL data from the Mondelez International (MDLZ) FY2025 10-K on SEC EDGAR. USD.
Mondelez International FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Manufacture and sale of global and local snack brands, focused on chocolate, biscuits, and baked snacks
- New product emphasis: Co-branded chocolate innovations (Biscoff with Cadbury Dairy Milk, Milka), zero sugar Bournvita in India, and expanded cake/pastry lines including Oreo Cakester, Milka and Lacta croissants
- Strategic shift: Increased local autonomy for commercial and innovation teams to enhance agility and better meet regional consumer preferences
- Quantitative metric: Workforce of ~91,000 employees globally with a nearly 1% global pay equity gap between male and female employees performing similar work
- Noteworthy fact: Enhanced R&D Innovation and Consumer Research Centers and expanded SnackFutures hub to accelerate mindful snacking product development and start-up collaborations
Management Discussion & Analysis
- Revenue trends not explicitly stated; experienced pricing impacts and currency-related items totaling favorable $241M on Organic Net Revenue in 2025
- Adjusted Operating Income affected by $94M favorable currency items; restructuring and ERP costs increased ($3M restructuring, $163M ERP in 2025) with margin impact unspecified
- Emerging Markets revenue impacted by $134M currency-related headwinds; Developed Markets benefited from $375M favorable currency impacts
- Capital allocation included $1.2B ERP system investment approved; pension settlement losses $282M (U.S.) and $54M (Canada) recognized during 2025, equity investment divestiture proceeds over $2.5B in 2024-25
- Forward outlook highlights ongoing inflation, tariff risks, and geopolitical uncertainty (Ukraine, Russia, Middle East); expects continued volatility in consumer demand, raw material costs, and supply chain disruptions
Risk Factors
- Regulatory risk from potential trade and tariff actions affecting countries where Mondelez operates, impacting global operations and costs
- Macroeconomic volatility exposing Mondelez to currency fluctuations and inflation pressures in key international markets
- Supply chain vulnerability due to reliance on agricultural commodities with fluctuating prices and weather-related disruptions
- Competitive risk from rising private-label brands gaining market share in key snack categories
- Financial risk from concentrated debt maturity profile with $1.5B due within next 18 months affecting liquidity management
Generated from the filing text; verify against the original. How to read a 10-K
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