The Hershey Company income statement

In fiscal 2025, The Hershey Company reported revenue of $11.69bn, up 4.4% on the year before, operating income of $1.44bn (a 12.3% margin) and net income of $883m. 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.

The Hershey Company: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	5.3	5.7	6.1	6.6	7.1	7.4	7.4	7.4	7.5	7.8	8.0	8.1	9.0	10.4	11.2	11.2	11.7	12.3
Cost of revenue	—	—	—	—	—	—	—	4.3	4.1	4.2	4.4	4.4	4.9	5.9	6.2	5.9	7.8	7.1
Gross profit	—	—	—	—	—	3.3	3.4	3.2	3.5	3.6	3.6	3.7	4.0	4.5	5.0	5.3	3.9	5.1
Research and development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	—
Selling, general and administrative	1.2	1.4	1.5	1.7	1.9	1.9	2.0	1.9	1.9	1.9	1.9	1.9	2.0	2.2	2.4	2.4	2.5	2.6
Operating income	—	—	—	1.7	1.3	1.4	1.0	1.3	1.3	1.6	1.6	1.8	2.0	2.3	2.6	2.9	1.4	2.5
Interest expense	—	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.2
Income before tax	0.7	0.8	1.0	1.0	1.3	1.3	0.9	1.1	1.1	1.4	1.4	1.5	1.8	1.9	2.2	2.5	1.2	2.3
Income tax	0.2	0.3	0.3	0.4	0.4	0.5	0.4	0.4	0.4	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.5
Net income	0.4	0.5	0.6	0.7	0.8	0.8	0.5	0.7	0.8	1.2	1.1	1.3	1.5	1.6	1.9	2.2	0.9	1.8
Diluted shares (average)	229m	230m	230m	228m	227m	225m	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA	—	—	—	1.9	1.5	1.6	1.3	1.6	1.6	1.9	1.9	2.1	2.4	2.6	3.0	3.4	1.9	3.1

US$ millions unless shown otherwise. Fiscal quarters.

The Hershey Company: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	2,888	2,805	2,615	3,181	3,091	3,104	2,787	3,276
Cost of revenue	1,329	1,861	1,818	2,144	1,946	1,881	1,524	1,764
Gross profit	1,558	944	796	1,037	1,145	1,223	1,263	1,511
Selling, general and administrative	623	559	603	601	698	576	621	693
Operating income	939	369	193	435	445	641	643	818
Interest expense	42	51	57	59	58	55	56	53
Income before tax	723	324	149	372	370	593	588	768
Income tax	−74	99	86	96	50	158	131	187
Net income	797	224	63	276	320	435	458	581
EBITDA	1,063	489	317	562	577	774	779	954

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 The Hershey Company's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to The Hershey Company.