General Mills income statement

In fiscal 2026, General Mills reported revenue of $18.42bn, down 5.4% on the year before, operating income of $886m (a 4.8% margin) and net income of −$87.6m, or −$0.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

General Mills: income statement, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016May 2016	2017May 2017	2018May 2018	2019May 2019	2020May 2020	2021May 2021	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026	LTMAug 2026
Revenue	14.6	14.9	16.7	17.8	17.9	17.6	16.6	15.6	15.7	16.9	17.6	18.1	19.0	20.1	19.9	19.5	18.4	18.3
Cost of revenue	—	—	—	—	—	—	—	10.1	10.3	11.1	11.5	11.7	12.6	13.5	12.9	12.8	12.2	12.1
Gross profit	—	—	—	—	—	—	—	5.6	5.4	5.8	6.1	6.4	6.4	6.5	6.9	6.7	6.2	6.2
Research and development	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3	—
Selling, general and administrative	3.2	3.2	3.4	3.6	3.5	3.3	3.1	2.9	2.9	2.9	3.2	3.1	3.1	3.5	3.3	3.4	3.4	3.4
Operating income	2.6	2.8	2.6	2.9	3.0	2.1	2.7	2.5	2.4	2.5	3.0	3.1	3.5	3.4	3.4	3.3	0.9	−0.2
Interest expense	0.4	0.3	0.4	0.3	0.3	0.3	0.3	0.3	0.4	0.5	0.5	0.4	0.4	0.4	0.5	0.5	—	—
Income before tax	2.2	2.4	2.2	2.5	2.7	1.8	2.4	2.3	2.1	2.1	2.6	2.9	3.2	3.1	3.0	2.8	0.4	−0.7
Income tax	0.8	0.7	0.7	0.7	0.9	0.6	0.8	0.7	0.1	0.4	0.5	0.6	0.6	0.6	0.6	0.6	0.4	0.1
Net income	1.5	1.8	1.6	1.9	1.8	1.2	1.7	1.7	2.1	1.8	2.2	2.3	2.7	2.6	2.5	2.3	−0.1	−0.9
Diluted EPS	$2.24	$2.70	$2.35	$2.79	$2.83	$1.97	$2.77	$2.77	$3.64	$2.90	$3.56	$3.78	$4.42	$4.31	$4.31	$4.10	−$0.16	−$1.67
Diluted shares (average)	683m	665m	667m	666m	646m	619m	612m	598m	586m	605m	613m	619m	613m	601m	580m	558m	538m	537m
EBITDA	3.1	3.2	3.1	3.4	3.5	2.7	3.3	3.1	3.0	3.1	3.5	3.7	4.0	4.0	4.0	3.8	1.4	0.3

US$ millions unless shown otherwise. Fiscal quarters.

General Mills: income statement, quarterly
Quarter	2025 Q2Nov 2024	2025 Q3Feb 2025	2025 Q4May 2025	2026 Q1Aug 2025	2026 Q2Nov 2025	2026 Q3Feb 2026	2026 Q4May 2026	2027 Q1Aug 2026
Revenue	5,240	4,842	4,556	4,518	4,861	4,437	4,610	4,390
Cost of revenue	3,309	3,203	3,082	2,985	3,168	3,070	3,006	2,902
Gross profit	1,931	1,639	1,474	1,533	1,693	1,367	1,604	1,487
Selling, general and administrative	852	844	894	845	842	813	888	832
Operating income	1,078	891	504	1,726	728	525	−2,093	634
Interest expense	125	136	140	133	126	128	—	—
Income before tax	967	769	377	1,608	618	412	−2,232	502
Income tax	195	152	69	411	144	100	−240	123
Net income	796	626	294	1,204	413	303	−2,008	397
Diluted EPS	$1.42	$1.12	$0.53	$2.22	$0.78	$0.56	−$3.74	$0.74
EBITDA	1,207	1,026	640	1,865	866	664	−1,954	773

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from General Mills's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to General Mills.