McCormick & Company (MKC) Earnings: Q3 Fiscal 2026 Results and Next Report Date
Last updated November 2026
Short answer
McCormick reported revenue of $2.0 billion for Q3 fiscal 2026, up 17% from a year earlier (McCormick, Oct 1, 2026). Diluted EPS was $0.36, down 57% from $0.84. Consumer brought in $1,215 million, up 25%. McCormick next reports around January 21, 2027 (an estimated date). Every figure is from McCormick's release. Walnut is informational, not investment advice.
MKC Q3 fiscal 2026 results
In one sentence
McCormick reported revenue of $2.0 billion for Q3 fiscal 2026, up 17% from a year earlier (McCormick, Oct 1, 2026).
| Measure | Q3 fiscal 2026 | Q3 fiscal 2025 | Change |
|---|---|---|---|
| Revenue | $2,025 million | $1,725 million | up 17% |
| Diluted EPS (GAAP) | $0.36 | $0.84 | down 57% |
| Diluted EPS (adjusted EPS) | $0.86 | $0.85 | up 1% |
| Net income | $97.6 million | $226 million | down 57% |
The quarter ended August 31, 2026 and McCormick published the results on October 1, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. McCormick reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.
- McCormick's fiscal year ends November 30. Q3 fiscal 2026 is the three months ended August 31, 2026.
- Since January 2, 2026, McCormick owns 75% of McCormick de Mexico and consolidates it; before that it carried its 50% interest as an equity method investment. Remeasuring that 50% interest produced an $866.8 million gain in Q1 fiscal 2026, which is why that quarter's diluted EPS was $3.77.
Source: McCormick Q3 fiscal 2026 results, October 1, 2026. Also in the Form 10-Q for the quarter ended August 31, 2026. Figures as reported; checked against the release on November 10, 2026.
MKC revenue by segment
How McCormick splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.
| Net sales by segment | Q3 fiscal 2026 | Q3 fiscal 2025 | Change |
|---|---|---|---|
| Consumer | $1,215 million | $973 million | up 25% |
| Flavor Solutions | $809 million | $752 million | up 8% |
- McCormick's Consumer revenue was $1.2 billion in Q3 fiscal 2026, up 25% from $973 million in Q3 fiscal 2025, 60% of total revenue.
- McCormick's Flavor Solutions revenue was $809 million in Q3 fiscal 2026, up 8% from $752 million in Q3 fiscal 2025, 40% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
McCormick's outlook for fiscal 2026
From the earnings release
McCormick reaffirmed this outlook with its Q3 results. It gives no GAAP guidance.
In its Q3 fiscal 2026 release, McCormick said:
“Percentage change in net sales 13% to 17%”
“Percentage change in organic net sales 1% to 3%”
“Percentage change in adjusted operating income 16% to 20%”
“Adjusted Earnings per share (EPS) $3.05 to $3.13”
Source: McCormick Q3 fiscal 2026 release, Oct 1, 2026.
This is the company's own guidance as of Oct 1, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the MKC forecast page.
MKC recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Aug 31, 2026 | $2,025 million | $0.36 | Oct 1, 2026 |
Q2 fiscal 2026 ended May 31, 2026 | $1,937 million | $0.56 | Jun 25, 2026 |
Q1 fiscal 2026 ended Feb 28, 2026 | $1,874 million | $3.77 | Mar 31, 2026 |
Q4 fiscal 2025 ended Nov 30, 2025 | $1,850 million | $0.84 | Jan 22, 2026 |
Q3 fiscal 2025 ended Aug 31, 2025 | $1,725 million | $0.84 | Oct 7, 2025 |
GAAP net sales and diluted EPS, each as first reported in that quarter's release. Q1 fiscal 2026 EPS includes the gain on remeasuring McCormick's previously held stake in McCormick de Mexico.
When does MKC report earnings next?
McCormick's next report is expected around January 21, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.
Past McCormick quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 fiscal 2026 (this page), reported Oct 1, 2026
What McCormick's revenue is made of
McCormick's Q3 fiscal 2026 net sales were $2,024.8 million, up 17.4% from $1,724.9 million. Most of the increase was acquired: McCormick de Mexico, consolidated since McCormick raised its stake to 75% on January 2, 2026, added 14.6%. Currency added 0.9%, and organic sales grew 1.9%, made up of 2.2% from price and a 0.3% decline in volume and mix. (McCormick Q3 fiscal 2026 release, Oct 1, 2026; McCormick Form 10-Q, Q3 fiscal 2026, Oct 1, 2026)
The Consumer segment, which sells herbs, spices, seasonings and condiments under brands including McCormick, French's, Frank's RedHot and Cholula, had net sales of $1,215.4 million, up 24.9%, with a 23% contribution from McCormick de Mexico. Organic Consumer sales rose 1%, as a 2% increase from price was partially offset by a 1% decline in volume and product mix. By region, Consumer organic sales fell 0.3% in the Americas and rose 5.0% in EMEA and 4.4% in APAC. (McCormick Q3 fiscal 2026 release, Oct 1, 2026; McCormick Form 10-Q, Q3 fiscal 2026, Oct 1, 2026)
Flavor Solutions, which supplies food manufacturers and the foodservice industry, had net sales of $809.4 million, up 7.7%. Its organic growth of 3.0% came from 2.2% price and 0.8% volume and mix, and APAC led with organic growth of 8.3%. (McCormick Q3 fiscal 2026 release, Oct 1, 2026; McCormick Form 10-Q, Q3 fiscal 2026, Oct 1, 2026; McCormick Form 10-K, fiscal 2025, Jan 22, 2026)
McCormick's 10-K names two customers that each accounted for approximately 12% of 2025 consolidated sales: Wal-Mart Stores in Consumer and PepsiCo in Flavor Solutions. The top three Flavor Solutions customers represented 49% of that segment's 2025 sales. (McCormick Form 10-K, fiscal 2025, Jan 22, 2026)
What McCormick's EPS includes
McCormick's GAAP diluted EPS fell to $0.36 from $0.84, while adjusted EPS rose to $0.86 from $0.85. The $0.50 gap is special charges: $141.5 million in operating income for transaction and integration costs and a non-cash impairment charge of approximately $43.1 million on a development-stage pepper sourcing project in Malaysia that McCormick decided to stop, plus $12.4 million of transaction expenses recorded in interest expense. (McCormick Q3 fiscal 2026 release, Oct 1, 2026)
Interest expense rose to $68.4 million from $50.2 million. Income from unconsolidated operations fell to $3.0 million from $19.1 million because McCormick de Mexico is now consolidated, and net income attributable to noncontrolling interests rose to $10.0 million from $2.2 million, mostly Grupo Herdez's 25% share of McCormick de Mexico. The GAAP tax rate was 32.3% and the adjusted tax rate 22.6%, against 16.1% a year earlier. (McCormick Q3 fiscal 2026 release, Oct 1, 2026)
Diluted average shares were 269.4 million, against 269.3 million, so the share count did not move EPS. McCormick paid a dividend of $0.48 per share in the quarter, against $0.45. (McCormick Q3 fiscal 2026 release, Oct 1, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at McCormick
McCormick gives a full-year outlook in its release and reaffirmed it with Q3: fiscal 2026 net sales growth of 13% to 17% (12% to 16% in constant currency), including 11% to 13% from McCormick de Mexico, organic growth of 1% to 3%, adjusted operating income growth of 16% to 20%, and adjusted EPS of $3.05 to $3.13. It expects a tax rate of approximately 24.0%, against 21.5% in 2025, and gives no GAAP guidance because it cannot predict special charges. (McCormick Q3 fiscal 2026 release, Oct 1, 2026)
McCormick's proposed combination with Unilever's Foods business, announced in March 2026, is expected to close by mid-2027. McCormick projects approximately $600 million of annual run-rate cost synergies and mid- to high-single-digit adjusted EPS accretion within the first twelve months after closing. (McCormick Q3 fiscal 2026 release, Oct 1, 2026)
A consensus figure is the average of the models published by the analysts who cover McCormick, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at McCormick
The figures below are the ones McCormick's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Organic sales growth | 1.9% Price 2.2%, volume and mix -0.3%; Consumer 1.1%, Flavor Solutions 3.0% McCormick Q3 fiscal 2026 release, Oct 1, 2026 |
| McCormick de Mexico contribution | 14.6% of total sales growth 23.2% in Consumer; 3.4% in Flavor Solutions McCormick Q3 fiscal 2026 release, Oct 1, 2026 |
| Gross profit margin | 39.3%, up 190 basis points Adjusted gross profit margin up 180 basis points McCormick Q3 fiscal 2026 release, Oct 1, 2026 |
| Adjusted operating income margin | 17.7%, up 70 basis points GAAP operating margin 10.7%, after $141.5 million of special charges McCormick Q3 fiscal 2026 release, Oct 1, 2026 |
| Segment operating income excluding special charges | Consumer $241.1 million; Flavor Solutions $117.4 million Against $193.8 million and $99.8 million a year earlier McCormick Form 10-Q, Q3 fiscal 2026, Oct 1, 2026 |
| Largest customers | Wal-Mart and PepsiCo, approximately 12% of 2025 sales each McCormick Form 10-K, fiscal 2025, Jan 22, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning MKC is on is MKC a buy or a sell?, what analysts expect next is on the MKC forecast, and what the company does is on the McCormick & Company (MKC) stock page.
How to check MKC's figures yourself
Every number on this page can be traced to a document McCormick published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about McCormick
Ask Walnut's AI anything about MKC and see how it fits what you own.
FAQ
What was McCormick's revenue last quarter?
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McCormick reported revenue of $2,025 million for Q3 fiscal 2026, the quarter ended August 31, 2026, against $1,725 million in Q3 fiscal 2025 (up 17%). The figures come from McCormick's results release of October 1, 2026.
What guidance did McCormick give for fiscal 2026?
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McCormick reaffirmed this outlook with its Q3 results. It gives no GAAP guidance. In its Q3 fiscal 2026 release, McCormick said: "Percentage change in net sales 13% to 17% Percentage change in organic net sales 1% to 3% Percentage change in adjusted operating income 16% to 20% Adjusted Earnings per share (EPS) $3.05 to $3.13" That is the company's own outlook as of Oct 1, 2026, and companies revise outlooks as the quarter goes on.
When does MKC report earnings next?
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McCormick's next report is expected around January 21, 2027, a date estimated from its reporting history that the company has not confirmed. This page carries Q3 fiscal 2026 until those results are out and checked against the release.
Where does McCormick's revenue come from?
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McCormick's Consumer revenue was $1.2 billion in Q3 fiscal 2026, up 25% from $973 million in Q3 fiscal 2025, 60% of total revenue. McCormick's Flavor Solutions revenue was $809 million in Q3 fiscal 2026, up 8% from $752 million in Q3 fiscal 2025, 40% of total revenue. These are the lines of McCormick's own "net sales by segment" table for Q3 fiscal 2026.
How much did McCormick's revenue grow last quarter?
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Up 17% on the year: $2,025 million in Q3 fiscal 2026 against $1,725 million in Q3 fiscal 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in McCormick's business do not distort it.
What is the difference between McCormick's GAAP and adjusted EPS EPS?
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GAAP EPS follows US accounting rules and is the figure in the audited statements. McCormick's adjusted EPS EPS starts from it and removes items the company considers outside its operating results; the release lists each adjustment in a reconciliation table. For Q3 fiscal 2026 the two were $0.36 and $0.86. Analysts' EPS estimates are usually built on the adjusted figure, so check which one a headline compares before you repeat it.
Why is McCormick's quarter called Q3 fiscal 2026?
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McCormick's fiscal year does not follow the calendar year, so Q3 fiscal 2026 is the quarter that ended August 31, 2026. When you compare MKC with a company that reports on the calendar year, line quarters up by the date they ended, not by their names.
Where do the MKC numbers on this page come from?
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From McCormick's own results release and its Form 10-Q for the quarter ended August 31, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from McCormick's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.