Campbell Soup Company (CPB) Income Statement
CPB FY2026 at a glance
Fiscal year ended July 31, 2026 · U.S. dollarsCPB revenue and net income
Where CPB's revenue goes
FY2026Each bar shows an amount and its share of revenue. CPB kept 4.1% of revenue as net income.
CPB profit margins
CPB growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.0% | +1.4% | +2.8% | +2.0% |
| Gross profit | −12.1% | −2.0% | −0.5% | −0.7% |
| Operating income | −27.6% | −13.4% | −8.3% | −4.7% |
| Net income | −33.1% | −22.3% | −16.7% | −3.3% |
| EPS (diluted) | −27.2% | −10.2% | −6.2% | −3.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CPB quarterly EPS vs estimates
Campbell Soup beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: December 8, 2026 (estimate $0.44).
CPB income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.74B | $10.25B | $9.64B | $9.36B | $8.56B | $8.48B | $8.69B | $8.11B | $8.69B | $7.89B |
| Cost of revenue | $7.00B | $7.13B | $6.67B | $6.44B | $5.93B | $5.67B | $5.69B | $5.41B | $5.87B | $4.83B |
| Gross profit | $2.74B | $3.12B | $2.97B | $2.92B | $2.63B | $2.81B | $3.00B | $2.69B | $2.82B | $3.06B |
| Research & development | $99.0M | $100.0M | $102.0M | $92.0M | $87.0M | $84.0M | $93.0M | $91.0M | $110.0M | $98.0M |
| Sales, general & admin | $1.55B | $1.60B | $1.57B | $1.47B | $1.35B | $1.42B | $1.57B | $1.45B | $1.56B | $1.30B |
| Total operating expenses | $1.89B | $1.94B | $1.79B | $1.60B | $1.45B | $1.49B | $1.71B | $1.71B | $2.35B | $1.66B |
| Operating income | $852.0M | $1.18B | $1.18B | $1.31B | $1.18B | $1.32B | $1.29B | $979.0M | $469.0M | $1.40B |
| Interest income | — | $17.0M | $6.0M | $184.0M | $188.0M | $209.0M | $390.0M | $2.0M | $4.0M | $5.0M |
| Interest expense | $331.0M | $345.0M | $249.0M | $188.0M | $189.0M | $210.0M | $345.0M | $356.0M | $201.0M | $112.0M |
| Income before taxes | $529.0M | $796.0M | $757.0M | $1.13B | $975.0M | $1.34B | $766.0M | $625.0M | $272.0M | $1.29B |
| Income taxes | $124.0M | $194.0M | $190.0M | $270.0M | $218.0M | $328.0M | $174.0M | $151.0M | $11.0M | $406.0M |
| Net income | $403.0M | $602.0M | $567.0M | $858.0M | $757.0M | $1.00B | $1.63B | $211.0M | $261.0M | $887.0M |
| EBITDA | $1.27B | $1.57B | $1.42B | $1.70B | $1.50B | $1.86B | $1.44B | $1.43B | $867.0M | $1.72B |
| EPS (diluted) | $2.17 | $2.98 | $3.09 | $3.00 | $2.84 | $2.99 | $3.05 | $2.54 | $2.87 | $3.02 |
| Gross margin | 28.1% | 30.4% | 30.8% | 31.2% | 30.7% | 33.2% | 34.5% | 33.2% | 32.4% | 38.8% |
| Operating margin | 8.7% | 11.5% | 12.3% | 14.0% | 13.8% | 15.5% | 14.9% | 12.1% | 5.4% | 17.7% |
| Net margin | 4.1% | 5.9% | 5.9% | 9.2% | 8.8% | 11.8% | 18.7% | 2.6% | 3.0% | 11.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.14B | $2.37B | $2.56B | $2.68B | $2.32B | $2.48B | $2.69B | $2.77B | $2.29B | $2.37B | $2.46B | $2.52B |
| Cost of revenue | $1.55B | $1.72B | $1.85B | $1.89B | $1.62B | $1.75B | $1.87B | $1.91B | $1.62B | $1.64B | $1.68B | $1.73B |
| Gross profit | $583.0M | $650.0M | $717.0M | $792.0M | $705.0M | $728.0M | $819.0M | $867.0M | $675.0M | $732.0M | $776.0M | $788.0M |
| Research & development | $28.0M | $25.0M | $22.0M | $24.0M | $26.0M | $23.0M | $25.0M | $26.0M | $26.0M | $27.0M | $25.0M | $24.0M |
| Sales, general & admin | $352.0M | $369.0M | $412.0M | $420.0M | $374.0M | $378.0M | $421.0M | $425.0M | $370.0M | $414.0M | $406.0M | $380.0M |
| Total operating expenses | $579.0M | $411.0M | $444.0M | $456.0M | $410.0M | $567.0M | $492.0M | $473.0M | $417.0M | $484.0M | $459.0M | $430.0M |
| Operating income | $4.0M | $239.0M | $273.0M | $336.0M | $295.0M | $161.0M | $327.0M | $394.0M | $258.0M | $248.0M | $317.0M | $358.0M |
| Interest income | — | $3.0M | $2.0M | $1.0M | $0 | $5.0M | $8.0M | $4.0M | $1.0M | $4.0M | $0 | $1.0M |
| Interest expense | $85.0M | $83.0M | $82.0M | $81.0M | $85.0M | $85.0M | $88.0M | $87.0M | $84.0M | $70.0M | $46.0M | $49.0M |
| Income before taxes | −$79.0M | $159.0M | $193.0M | $256.0M | $184.0M | $81.0M | $247.0M | $284.0M | −$6.0M | $182.0M | $271.0M | $310.0M |
| Income taxes | −$21.0M | $35.0M | $48.0M | $62.0M | $39.0M | $15.0M | $74.0M | $66.0M | −$3.0M | $49.0M | $68.0M | $76.0M |
| Net income | −$60.0M | $124.0M | $145.0M | $194.0M | $145.0M | $66.0M | $173.0M | $218.0M | −$3.0M | $133.0M | $203.0M | $234.0M |
| EBITDA | $113.0M | $347.0M | $377.0M | $436.0M | $375.0M | $275.0M | $445.0M | $480.0M | $191.0M | $358.0M | $413.0M | $455.0M |
| EPS (diluted) | $0.39 | $0.50 | $0.51 | $0.77 | $0.62 | $0.73 | $0.74 | $0.89 | $0.63 | $0.75 | $0.80 | $0.91 |
| Gross margin | 27.3% | 27.5% | 28.0% | 29.6% | 30.4% | 29.4% | 30.5% | 31.3% | 29.4% | 30.9% | 31.6% | 31.3% |
| Operating margin | 0.2% | 10.1% | 10.6% | 12.6% | 12.7% | 6.5% | 12.2% | 14.2% | 11.3% | 10.5% | 12.9% | 14.2% |
| Net margin | −2.8% | 5.2% | 5.7% | 7.2% | 6.2% | 2.7% | 6.4% | 7.9% | −0.1% | 5.6% | 8.3% | 9.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CPB's financial statements (latest annual report filed September 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CPB financial results
In fiscal year 2026 (ended July 31, 2026), Campbell Soup reported revenue of $9.7 billion, down 5.0% from the year before. It had net income of $403.0 million (down 33.1%), a net profit margin of 4.1%. Diluted earnings per share came to $2.17. Over five years revenue grew at an average rate of 2.8% a year.
See the CPB stock overview for the latest quote and news, or the CPB chart for price history and technical indicators.
CPB income statement FAQ
What is Campbell Soup's annual revenue?
Campbell Soup reported total revenue of $9.7 billion for fiscal year 2026, which ended on July 31, 2026. That was down 5.0% from $10.3 billion the previous year.
Is Campbell Soup profitable?
Yes. Campbell Soup reported net income of $403.0 million in fiscal 2026, a net profit margin of 4.1%; its operating margin was 8.7%.
What is Campbell Soup's gross margin?
Campbell Soup's gross margin was 28.1% in fiscal 2026: for every $100 of revenue, Campbell Soup kept $28 after the direct cost of its products and services.
How much does Campbell Soup spend on research and development?
Campbell Soup spent $99.0 million on research and development in fiscal 2026, 1.0% of revenue.
How fast is Campbell Soup growing?
Revenue grew 2.8% a year on average over the last five fiscal years, from $8.5 billion to $9.7 billion.
What are Campbell Soup's earnings per share?
Campbell Soup earned $2.17 per diluted share in fiscal 2026, compared with $2.98 a year earlier.
When will Campbell Soup report its next earnings?
Campbell Soup is expected to report results for the quarter ending October 31, 2026 on December 8, 2026.
When does Campbell Soup's fiscal year end?
Campbell Soup's fiscal year ends in July. The latest annual report covers the year ended July 31, 2026 and was filed on September 24, 2026.