General Mills Financial Statements
NYSE: GISConsumer StaplesPackaged FoodsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
General Mills revenue and earnings
In fiscal 2026, General Mills generated $18.42 billion in revenue, down 5.4% from fiscal 2025, its first annual decline since 2023. General Mills reported a net loss of $87.6 million, compared with net income of $2.30 billion a year earlier. Gross margin was 33.6% (down from 34.6%) and operating margin 4.8%.
Diluted earnings per share came in at -$0.16, down from $4.10. Over the last 5 fiscal years, GIS's revenue has grown at a 53.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
General Mills income statement (annual)
| Fiscal year (USD) | FY 20262026-05-31 | FY 20252025-05-25 | FY 20242024-05-26 | FY 20232023-05-28 | FY 20222022-05-29 | FY 20212021-05-30 | FY 20202020-05-31 | FY 20192019-05-26 | FY 20182018-05-27 | FY 20172017-05-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.42B | 19.49B | 2.04B | 1.96B | 2.13B | 2.19B | 2.05B | 2.04B | 15.74B | 15.62B |
| Revenue growth (YoY) | -5.45% | +856.26% | +4.11% | -8.29% | -2.51% | +7.02% | +0.08% | -87.01% | +0.77% | -5.70% |
| Cost of Revenue | 12.23B | 12.75B | 12.93B | 13.55B | 12.59B | 11.68B | 11.50B | 11.11B | 10.30B | 10.05B |
| Gross Profit | 6.20B | 6.73B | -10.89B | -11.59B | -10.46B | -9.49B | -9.45B | -9.06B | 5.44B | 5.57B |
| Operating Expenses | 5.31B | 3.43B | -14.32B | -15.02B | -13.93B | -12.63B | -12.40B | -11.58B | 3.02B | 3.08B |
| Research & Development | 256.00M | 256.60M | 257.80M | 257.60M | 243.10M | 239.30M | 224.40M | 221.90M | 219.10M | 218.20M |
| Selling, General & Admin | 3.39B | 3.45B | 3.26B | 3.50B | 3.15B | 3.08B | 3.15B | 2.94B | 2.85B | 2.89B |
| Operating Income | 885.80M | 3.30B | 3.43B | 3.43B | 3.48B | 3.14B | 2.95B | 2.52B | 2.42B | 2.49B |
| Interest Expense | — | 524.20M | 479.20M | 382.10M | 379.60M | 420.30M | 466.50M | 521.80M | 373.70M | 295.10M |
| Pretax Income | 405.50M | 2.83B | 3.03B | 3.14B | 3.21B | 2.86B | 2.60B | 2.08B | 2.14B | 2.27B |
| Income Tax | 414.30M | 573.70M | 594.50M | 612.20M | 586.30M | 629.10M | 480.50M | 367.80M | 57.30M | 655.20M |
| Net Income | -87.60M | 2.30B | 2.50B | 2.59B | 2.71B | 2.34B | 2.18B | 1.75B | 2.13B | 1.66B |
| Net Income growth (YoY) | -103.82% | -8.07% | -3.75% | -4.19% | +15.71% | +7.27% | +24.45% | -17.75% | +28.57% | -2.35% |
| EPS (Basic) | -0.16 | 4.12 | 4.34 | 4.36 | 4.46 | 3.81 | 3.59 | 2.92 | 3.69 | 2.82 |
| EPS (Diluted) | -0.16 | 4.10 | 4.31 | 4.31 | 4.42 | 3.78 | 3.56 | 2.90 | 3.64 | 2.77 |
| Shares Outstanding (Basic) | 537.70M | 554.50M | 575.50M | 594.80M | 607.50M | 614.10M | 608.10M | 600.40M | 576.80M | 587.10M |
| Shares Outstanding (Diluted) | 537.70M | 557.50M | 579.50M | 601.20M | 612.60M | 619.10M | 613.30M | 605.40M | 585.70M | 598.00M |
| EBITDA | 1.44B | 3.84B | 3.98B | 3.98B | 4.05B | 3.75B | 3.55B | 3.14B | 3.04B | 3.10B |
| Gross Margin | 33.63% | 34.55% | -534.27% | -592.16% | -489.92% | -433.47% | -462.02% | -443.49% | 34.53% | 35.65% |
| Operating Margin | 4.81% | 16.96% | 168.40% | 175.43% | 162.85% | 143.65% | 144.40% | 123.09% | 15.37% | 15.95% |
| Net Margin | -48.00% | 11.78% | 122.51% | 132.52% | 126.85% | 106.88% | 106.63% | 85.75% | 13.54% | 10.61% |
This table shows 10 annual periods of General Mills's income statement, from FY 2026 back to FY 2017, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow GIS's reporting calendar. What is a income statement?