International Flavors & Fragrances income statement

In fiscal 2025, International Flavors & Fragrances reported revenue of $10.89bn, down 5.2% on the year before, operating income of −$382m (a -3.5% margin) and net income of −$361m, or −$1.41 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.

International Flavors & Fragrances: 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	LTMJun 2026
Revenue	2.3	2.6	2.8	2.8	3.0	3.1	3.0	3.1	3.4	4.0	5.1	5.1	11.7	12.4	11.5	11.5	10.9	10.0
Cost of revenue	—	—	—	—	—	—	—	—	1.9	2.3	3.0	3.0	7.9	8.3	7.8	7.4	7.0	6.2
Gross profit	—	—	—	1.2	1.3	1.4	1.4	1.4	1.5	1.7	2.1	2.1	3.7	4.2	3.7	4.1	3.9	3.7
Research and development	0.2	0.2	0.2	0.2	0.3	0.3	0.2	0.3	0.3	0.3	0.3	0.4	0.6	0.6	0.6	0.7	0.7	0.7
Selling, general and administrative	0.4	0.4	0.4	0.5	0.5	0.5	0.5	0.6	0.6	0.7	0.9	0.9	1.7	1.8	1.8	2.0	1.8	1.8
Operating income	0.3	0.4	0.4	0.5	0.5	0.6	0.6	0.6	0.6	0.6	0.7	0.6	0.6	−1.3	−2.1	0.8	−0.4	0.8
Interest expense	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.3	0.3	0.4	0.3	0.2	0.2
Income before tax	0.3	0.4	0.4	0.4	0.5	0.5	0.5	0.5	0.5	0.4	0.6	0.4	0.4	−1.6	−2.5	0.3	−0.4	0.4
Income tax	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.2	0.1	0.0	−0.1	0.1
Net income	0.2	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.3	0.3	0.5	0.4	0.3	−1.9	−2.6	0.3	−0.4	0.3
Diluted EPS	$2.46	$3.26	$3.26	$3.09	$4.29	$5.06	$5.16	$5.05	$3.72	$3.79	$4.00	$3.21	$1.10	−$7.32	−$10.14	$1.04	−$1.41	$1.13
Diluted shares (average)	79m	80m	81m	82m	82m	81m	81m	80m	79m	88m	113m	114m	243m	255m	255m	256m	256m	256m
EBITDA	0.4	0.5	0.5	0.6	0.6	0.7	0.7	0.7	0.7	0.8	1.0	0.9	1.7	−0.1	−1.0	1.8	0.6	1.4

US$ millions unless shown otherwise. Fiscal quarters.

International Flavors & Fragrances: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	2,925	2,771	2,843	1,919	2,694	2,589	2,741	1,954
Cost of revenue	1,873	1,791	1,808	1,095	1,711	1,699	1,723	1,101
Gross profit	1,052	980	1,035	824	983	890	1,018	853
Research and development	162	170	164	170	174	174	166	170
Selling, general and administrative	495	517	461	409	421	469	427	437
Operating income	249	127	−903	142	226	97	273	158
Interest expense	74	69	71	61	48	49	44	46
Income before tax	95	−115	−994	438	56	22	209	64
Income tax	36	−55	23	−112	15	−9	39	31
Net income	58	−60	−1,018	599	40	31	169	50
Diluted EPS	$0.23	−$0.23	−$3.98	$2.33	$0.16	$0.12	$0.66	$0.20
EBITDA	351	370	−667	206	327	334	519	230

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 International Flavors & Fragrances'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 International Flavors & Fragrances.