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BG · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 88.3% y/y to $24.04B, operating margin 4.5% vs 2.5%, net income $678M (+91.5% y/y).
Net income attributable to Bunge
$678M
up 91.5% y/y
Net sales
$24,041M
up 88.3% y/y
Operating income (calculated)
$1,075M
up 236% y/y
Gross profit
$1,681M
up 128% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $24,041 · +88.3% |
| Cost of goods sold | $22,360 · +85.9% |
| Gross profit | $1,681 · +128% · 7.0% margin |
| Selling, general and administrative expenses | $606 · +45.0% |
| Operating income (calculated) | $1,075 · +236% · 4.5% margin |
| Other income (expense) – net | $39 · −79.1% |
| Interest income | $43 · −6.5% |
| Income from affiliates | $9 · +200% |
| Foreign exchange gains (losses) – net | $26 · vs $44 |
| Interest expense | $197 · +85.8% |
| Income before income tax | $943 · +90.9% |
| Income tax expense | $236 · +90.3% · 25.0% effective rate |
| Net income attributable to noncontrolling interests | $29 · +81.3% |
| Net income attributable to Bunge | $678 · +91.5% · $3.47/sh · 2.8% margin |
Verdict: revenue grew 88.3% y/y to $24.04B, operating margin 4.5% vs 2.5%, net income $678M (+91.5% y/y).
Diluted EPS $3.47 vs $2.61 a year earlier; adjusted EPS $2.00 vs $1.31 (non-GAAP); full-year adjusted EPS outlook raised to $9.25 to $9.75; about $250 million of shares repurchased, completing the $2 billion program related to the Viterra transaction.
Source and notation
Source: Bunge earnings release, 8-K EX-99 of 07/29/2026, and Form 10-Q filed 07/29/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release or 10-Q text and checked the accounting identities and the chart balance; revenue and net income match the company's 10-Q.
Open as an image: BG, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “BG Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/bg/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/bg/q2-2026"><img src="https://whoreportstoday.com/t/bg/q2-2026/sankey.png" alt="BG Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/bg/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/bg/q2-2026">BG Q2 2026 earnings chart (Who Reports Today)</a>
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- Net sales nearly doubled to $24,041M from $12,769M after the Viterra combination; gross profit rose to $1,681M from $738M.
- GAAP results include $437M of favorable mark-to-market timing differences in segment EBIT (vs $128M a year earlier), which the company excludes from adjusted results.
- Gross margin was 7.0% vs 5.8% a year earlier.
- Operating income was $1.08B, a 4.5% margin vs 2.5% a year earlier.
- The effective tax rate was 25.0% vs 25.1% a year earlier.
- Diluted EPS was $3.47 vs $2.61 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
BG — Bunge is a global agribusiness and food company that processes oilseeds, refines and sells vegetable oils, mills grains and trades agricultural commodities; in 2025 it combined with Viterra.
Headquarters (registered office): Geneva, Switzerland.
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