General Mills Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.42B | $19.49B | $2.04B | $1.96B | $2.13B | $2.19B | $2.05B | $2.04B |
| U.S. Retail | — | — | — | — | — | — | — | — |
| International | — | — | — | — | — | — | — | — |
| Convenience Stores and Foodservice | — | — | — | — | — | — | — | — |
| North America Retail | — | — | — | — | — | — | — | — |
| Europe & Australia | — | — | — | — | — | — | — | — |
| Asia & Latin America | — | — | — | — | — | — | — | — |
| Cost of Revenue | $12.23B | $12.75B | $12.93B | $13.55B | $12.59B | $11.68B | $11.50B | $11.11B |
| Gross Profit | $6.20B | $6.73B | $-10.89B | $-11.59B | $-10.46B | $-9.49B | $-9.45B | $-9.06B |
| Gross Margin | 33.6% | 34.6% | -534.3% | -592.2% | -489.9% | -433.5% | -462.0% | -443.5% |
| Operating Expenses | ||||||||
| Research & Development | $256.0M | $256.6M | $257.8M | $257.6M | $243.1M | $239.3M | $224.4M | $221.9M |
| SG&A Expense | $3.39B | $3.45B | $3.26B | $3.50B | $3.15B | $3.08B | $3.15B | $2.94B |
| Operating Income | $885.8M | $3.30B | $3.43B | $3.43B | $3.48B | $3.14B | $2.95B | $2.52B |
| Operating Margin | 4.8% | 17.0% | 168.4% | 175.4% | 162.9% | 143.7% | 144.4% | 123.1% |
| Interest Expense | — | $524.2M | $479.2M | $382.1M | $379.6M | $420.3M | $466.5M | $521.8M |
| Pretax Income | $405.5M | $2.84B | $3.03B | $3.14B | $3.21B | $2.86B | $2.60B | $2.08B |
| Income Tax Expense | $414.3M | $573.7M | $594.5M | $612.2M | $586.3M | $629.1M | $480.5M | $367.8M |
| Net Income | $-87.6M | $2.30B | $2.50B | $2.59B | $2.71B | $2.34B | $2.18B | $1.75B |
| Net Margin | -0.5% | 11.8% | 122.5% | 132.5% | 126.8% | 106.9% | 106.6% | 85.8% |
| EPS (Basic) | $-0.16 | $4.12 | $4.34 | $4.36 | $4.46 | $3.81 | $3.59 | $2.92 |
| EPS (Diluted) | $-0.16 | $4.10 | $4.31 | $4.31 | $4.42 | $3.78 | $3.56 | $2.90 |
| Shares Outstanding (Basic) | 537.7M | 554.5M | 575.5M | 594.8M | 607.5M | 614.1M | 608.1M | 600.4M |
| Shares Outstanding (Diluted) | 537.7M | 557.5M | 579.5M | 601.2M | 612.6M | 619.1M | 613.3M | 605.4M |
| Dividends Per Share | $2.44 | $2.40 | $2.36 | $2.16 | $2.04 | $2.02 | $1.96 | $1.96 |