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How 3M (MMM) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 07/21/2026
3M — The 3M Company is an American multinational conglomerate operating in the fields of industry, worker safety, and consumer goods. · Wikipedia
More about the company
Based in the Saint Paul suburb of Maplewood, the company produces over 60,000 products, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection film, electrical, electronic connecting, insulating materials, car-care products, electronic circuits, and optical films. Among its best-known consumer brands are Scotch Tape, Scotchgard surface protectants, Post-it notes, and Nexcare adhesive bandages. 3M's stock ticker symbol is MMM and is listed on the New York Stock Exchange, Inc. (NYSE), and the SIX Swiss Exchange.
Key growth driver: Safety & Industrial — the fastest-growing revenue line: $3,091, +8% y/y. · by the Q2 2026 report
How does 3M make money?
3M brought in $6.50 billion of revenue in Q2 2026, up 2.5% year over year. The largest source was Safety & Industrial: $3.09 billion, or 48% of the total, followed by Transportation & Electronics ($2.07B, 32%) and Consumer ($1.25B, 19%); other lines add the remaining 1%. Net income for the quarter was $938 million, up 29% year over year.
Revenue by source, Q2 2026
- Safety & Industrial$3.09B · 48% · +8%
- Transportation & Electronics$2.07B · 32% · +6%
- Consumer$1.25B · 19% · −2%
- Corporate (PFAS wind-down)$96.0M · 1% · −64.8%
Shares of $6.50B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is MMM’s next earnings date?
Tuesday, October 20, 2026estimated
3M (MMM) has not confirmed the date yet; Oct 20, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $2.41 (5 analysts), vs $2.19 in the same quarter last year.
What time does MMM report? Usually before market open: the last 4 results releases reached the SEC at 6:34 am, 6:34 am, 6:34 am, 6:33 am ET.
Last report: Jul 21, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$6,500
+2.5%
Organic +3.3%
Operating income
$984
-13.7%
15.1% margin · adjusted 24.9%
Net income
$938
+29%
Verdict: noisy GAAP over a cleaner core — adjusted operating margin rose 40 bp to 24.9% on solid industrial demand, while the headline swings (operating income −14%, EPS +33%) are mostly PFAS-exit divestiture losses and litigation-cost timing, not the underlying business.
Organic sales +3.3% (segments: divestitures −0.4 pp, FX +1.8 pp) · adjusted EPS guidance reaffirmed with 70–80 bp of margin expansion · diluted shares 522.4M (−3.4% y/y on buybacks).
Source and notation
* marks non-cash / ≈ estimated. Source: 3M press release, 8-K EX-99.1 (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
MMM earnings history: past report dates
| Jul 21, 2026 Tue | 6:34 ambefore market open | Jun 30, 2026 | $6.5B+2% y/y | $1.78+33% y/y |
| Apr 21, 2026 Tue | 6:34 ambefore market open | Mar 31, 2026 | $6.0B+1% y/y | $1.23−40% y/y |
| Jan 20, 2026 Tue | 6:34 ambefore market open | Dec 31, 2025 | ≈$6.1B+2% y/y | ≈$1.07−20% y/y |
| Oct 21, 2025 Tue | 6:33 ambefore market open | Sep 30, 2025 | $6.5B+4% y/y | $1.55−38% y/y |
| Jul 18, 2025 Fri | 6:33 ambefore market open | Jun 30, 2025 | $6.3B+1% y/y | $1.34−35% y/y |
| Apr 22, 2025 Tue | 6:36 ambefore market open | Mar 31, 2025 | $6.0B−1% y/y | $2.04+22% y/y |
| Jan 21, 2025 Tue | 6:38 ambefore market open | Dec 31, 2024 | ≈$6.0B | ≈$1.33−22% y/y |
| Oct 22, 2024 Tue | 6:35 ambefore market open | Sep 30, 2024 | $6.3B+0% y/y | $2.48 |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
3M: 5-year financials
| 2025 | 24,948 | 4,629 | 3,250 | 1,396 | 1,562 |
| 2024 | 24,575 | 4,822 | 4,173 | 638 | 1,982 |
| 2023 | 24,610 | −10,689 | −6,995 | 5,065 | 3,311 |
| 2022 | 26,161 | 4,369 | 5,777 | 3,842 | 3,369 |
| 2021 | 35,355 | 7,369 | 5,921 | 5,851 | 3,420 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Apr 20243M said that after the Solventum spin-off it would target a dividend payout of about 40% of adjusted free cash flow; loss per share for 2023 was $(12.63). sec.gov ↗
- Sep 2021A federal court in Minnesota granted 3M's motion to dismiss the shareholder class action over disclosure of PFAS risks; the ruling is final. sec.gov ↗
- Dec 2025Dividend per share: $6.00 (2023) → $3.61 (2024) → $2.92 (2025); diluted share count −7% over 5 years. data.sec.gov ↗
Scoring: 2.0, no deductions: the 2024 dividend cut (after the loss-making 2023 and the Solventum spin-off) — there was no formal dividend policy before, so no deduction under criterion 3; the PFAS shareholder suit was dismissed
- Share classes
- Single class — MMM common stock on the NYSE (cover of 2025 10-K).
- Dilution
- Diluted share count 2020→2025 −7.0% (XBRL); SBC 0.9% of revenue.
- Disclosure
- Full 10-K/10-Q reporting.
- Dividends
- Dividend rose through 2023 ($6.00 a year); cut to $0.70 a quarter in 2024 after the Solventum spin-off and a new ~40% of adjusted FCF target; 2023 was a loss year; no formal policy before 2024 — no deduction.
- Lawsuits & regulators
- The shareholder class action over disclosure of PFAS risks was dismissed in September 2021 (final); the 2023 SEC matter was under the FCPA (no deduction under the methodology); the PFAS and earplug settlements involve consumer and government claims, not shareholder suits.
- Related parties
- The 2026 proxy discloses no material related-party transactions; no controlling shareholder; Solventum was spun off to shareholders pro rata.
How the score works · checked as of Sep 2026
3M (MMM) earnings: FAQ
How does 3M make money?
3M brought in $6.50 billion of revenue in Q2 2026, up 2.5% year over year. The largest source was Safety & Industrial: $3.09 billion, or 48% of the total, followed by Transportation & Electronics ($2.07B, 32%) and Consumer ($1.25B, 19%); other lines add the remaining 1%. Net income for the quarter was $938 million, up 29% year over year.
When is MMM's next earnings date?
3M (MMM) has not confirmed the date yet; Oct 20, 2026 is an estimate based on its past reporting schedule.
What time does MMM report earnings?
3M usually reports before market open: its latest results release was filed with the SEC at 6:34 am ET on Jul 21, 2026.
When did MMM last report earnings?
3M reported Q2 2026 results on Jul 21, 2026.
What is the EPS estimate for MMM's next earnings?
The consensus EPS forecast is $2.41 (5 analysts), vs $2.19 in the same quarter last year.
Where can I find 3M's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to MMM's filings; this page breaks the latest report down in a Sankey chart.
What was MMM's net income in Q2 2026?
3M reported net income of $938M for Q2 2026 (+29% year over year), under US GAAP.
Does 3M pay dividends?
Yes. In 2025, 3M paid $1,562M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/26/2026. How we make the breakdowns · Report an error
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