Jun 2026 (Q2 FY26) — Aug 4, 2026
Kimberly-Clark Q2 FY26 — Solid Productivity Offsets China Diaper Disruption and Macro Headwinds
Read the full callKimberly Clark (KMB) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Kimberly Clark earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,189 | +0.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 15.1 | +0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 345 | −32.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 8 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital spending | around $1 billion to $1.2 billion | Mar 2025 | we accelerate capital investments in our growth and transformation plans to approximately $1.3 billion, up from $1.1 billion last year | Achieved |
| Quarterly organic sales growth | slightly below the first quarter's 2.5% | Mar 2026 | Q2 organic net sales were broadly flat | Missed |
| Full-year adjusted earnings per share attributable to Kimberly-Clark | in line with 2025 levels | Dec 2025 | For adjusted EPS attributable to Kimberly-Clark, we now expect a low single-digit decline on a constant currency basis compared with our prior outlook for results to be in line with 2025 levels | Revised Down |
2 of KIMBERLY CLARK CORP's 45 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 42 more targets are in the full ledger.
Claimed
- Gross productivity delivered at 6.4% of adjusted COGS (over 6%), marking the 10th consecutive quarter of positive volume plus mix growth
- Adjusted EPS from continuing operations rose 10.4% YoY, supported by a $45M tariff refund and strong supply-chain execution
- Adjusted free cash flow reached approximately $1.1B through the first half of FY26
- Strong emerging market momentum in India and Vietnam with organic sales up high double digits year-to-date
Qualified
- Viral social media quality allegations in China created a 50 bps headwind to consolidated Q2 organic sales and an expected 100 bps drag on full-year top line
- North America organic sales contracted 0.7% YoY, dragged by a 100 bps retailer inventory destock and an 80 bps hit from a Los Angeles DC fire
- FY26 category growth expectations lowered from 2.5% to 2.0%, leading to an outlook cut across organic growth and adjusted operating profit
- Second-half FY26 gross input cost headwinds anticipated at approximately $150M
Price
$105.41 −0.15% · −$0.16
Performance −13.2% 1Y
1Y: $121.44 on 17 Oct 2025 → $105.41. High $121.44 (17 Oct 2025), low $93.05 (7 Apr 2026).
- Previous close
- $105.57
- 52-week range
- $93.05 – $120.7
- One year
- −12.67%
Overview
- Symbol
- KMB
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 8 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital spending | around $1 billion to $1.2 billion | Mar 2025 | we accelerate capital investments in our growth and transformation plans to approximately $1.3 billion, up from $1.1 billion last year | Achieved |
| Quarterly organic sales growth | slightly below the first quarter's 2.5% | Mar 2026 | Q2 organic net sales were broadly flat | Missed |
| Full-year adjusted earnings per share attributable to Kimberly-Clark | in line with 2025 levels | Dec 2025 | For adjusted EPS attributable to Kimberly-Clark, we now expect a low single-digit decline on a constant currency basis compared with our prior outlook for results to be in line with 2025 levels | Revised Down |
Claimed
- Gross productivity delivered at 6.4% of adjusted COGS (over 6%), marking the 10th consecutive quarter of positive volume plus mix growth
- Adjusted EPS from continuing operations rose 10.4% YoY, supported by a $45M tariff refund and strong supply-chain execution
- Adjusted free cash flow reached approximately $1.1B through the first half of FY26
- Strong emerging market momentum in India and Vietnam with organic sales up high double digits year-to-date
Qualified
- Viral social media quality allegations in China created a 50 bps headwind to consolidated Q2 organic sales and an expected 100 bps drag on full-year top line
- North America organic sales contracted 0.7% YoY, dragged by a 100 bps retailer inventory destock and an 80 bps hit from a Los Angeles DC fire
- FY26 category growth expectations lowered from 2.5% to 2.0%, leading to an outlook cut across organic growth and adjusted operating profit
- Second-half FY26 gross input cost headwinds anticipated at approximately $150M
The full ledger
Open KIMBERLY CLARK CORP’s full ledger
A free account opens 5 company ledgers a month. All 45 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Kimberly-Clark Corporation Q1 FY26 — Strong Organic Growth and Kenvue Integration Progress
Read the full callDec 2025 (Q4 FY25) — Jan 27, 2026
Kimberly-Clark Q4 FY25 — Strong Volume-Plus-Mix Growth and Strategic Acquisitions
Read the full callEvery analysed call
Kimberly Clark earnings calls (KMB)
Financials
What the filings say
Net profit, year on year: −32% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,144 | 4,104 | 4,054 | 4,163 | 4,150 | 4,080 | 4,163 | 4,189 |
| Operating profit | 1,026 | 548 | 631 | 592 | 621 | 507 | 753 | 633 |
| Operating margin | 24.8% | 13.3% | 15.6% | 14.2% | 15.0% | 12.4% | 18.1% | 15.1% |
| Interest | 67 | 64 | 64 | 67 | 65 | 60 | 58 | 53 |
| Profit before tax | 962 | — | 557 | 513 | 546 | 436 | 685 | 572 |
| Tax rate | 19.4% | — | 23.5% | 22.6% | 45.4% | 23.9% | 23.9% | 37.9% |
| Net profit | 907 | 447 | 567 | 509 | 446 | 499 | 665 | 345 |
| EPS ($ per share) | 2.70 | 1.34 | 1.71 | 1.53 | 1.34 | 1.50 | 2 | 1.04 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 473 | 473 | 473 | 473 | 473 | 473 | 473 | 473 |
| Reserves | 5,947 | 6,686 | 7,567 | 7,858 | 8,201 | 8,368 | 9,257 | 9,611 |
| Total liabilities | 14,564 | 15,089 | 16,654 | 17,100 | 17,270 | 16,276 | 15,571 | 15,468 |
| Fixed assets | 7,159 | 7,450 | 8,042 | 8,097 | 7,885 | 7,913 | 6,284 | 6,775 |
| Total assets | 14,518 | 15,283 | 17,523 | 17,837 | 17,970 | 17,344 | 16,546 | 17,098 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,970 | 2,736 | 3,729 | 2,730 | 2,733 | 3,542 | 3,234 | 2,777 |
| Cash from investing | -902 | -1,042 | -2,305 | -1,056 | -785 | -418 | -100 | -951 |
| Cash from financing | -2,115 | -1,792 | -1,567 | -1,696 | -1,760 | -2,374 | -3,166 | -2,179 |
| Net cash flow | -77 | -97 | -139 | -33 | 157 | 666 | -72 | -320 |
| Capital expenditure | -877 | -1,209 | -1,217 | -1,007 | -876 | -766 | -721 | -1,138 |
| Free cash flow | 2,093 | 1,527 | 2,512 | 1,723 | 1,857 | 2,776 | 2,513 | 1,639 |
KMB revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| North America NA | — | — | 55% | 66% | 65% | 80% | 64% | 64% | -1.2% |
| International Personal Care IPC | — | — | 29% | 34% | 35% | 44% | 36% | 36% | +4.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
85 filings between Oct 31, 2025 and Jul 31, 2026.
Open market
decisions to buy or sellPurchases
$1.04M
1 purchase by 1 insider
Sales
$1.01M
4 sales by 2 insiders
Compensation
not trading decisions- 9
- Award — granted as compensation
- 35
- Option exercise — converted options into shares
- 36
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| MACLIN TODD | $1.04M | — | Feb 9, 2026 |
| Scribner Andrew | — | $719.3K | May 6, 2026 |
| Chen Katy | — | $288.4K | May 4, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 31, 2026 | Slavtcheff Craig Chief R&D Officer | Option exercise | 4,024 | $0 |
| Jul 31, 2026 | Corsi Patricia Chief Growth Officer | Tax withheld | 404 | $44.2K |
| Jul 31, 2026 | Slavtcheff Craig Chief R&D Officer | Tax withheld | 534 | $58.4K |
| Jul 31, 2026 | Corsi Patricia Chief Growth Officer | Option exercise | 966 | $0 |
| Jul 31, 2026 | Slavtcheff Craig Chief R&D Officer | Option exercise | 1,255 | $0 |
| Jul 31, 2026 | Slavtcheff Craig Chief R&D Officer | Tax withheld | 1,711 | $187.0K |
| May 6, 2026 | Scribner Andrew Controller, VP & FP&A | Sale | 4,095 | $401.3K |
| May 4, 2026 | Chen Katy President, Int'l Personal Care | Sale | 1,596 | $152.2K |
| May 1, 2026 | Melucci Jeffrey P. Chief Bus., Strat. & Admin. | Tax withheld | 1,183 | $115.5K |
| May 1, 2026 | Melucci Jeffrey P. Chief Bus., Strat. & Admin. | Option exercise | 3,004 | $0 |
| May 1, 2026 | Urdaneta Nelson Chief Financial Officer | Option exercise | 3,337 | $0 |
| May 1, 2026 | Urdaneta Nelson Chief Financial Officer | Tax withheld | 1,314 | $128.3K |
| May 1, 2026 | Fenske Tamera Chief Supply Chain Officer | Option exercise | 2,582 | $0 |
| May 1, 2026 | Melucci Jeffrey P. Chief Bus., Strat. & Admin. | Tax withheld | 1,199 | $117.1K |
| May 1, 2026 | Urdaneta Nelson Chief Financial Officer | Option exercise | 3,384 | $0 |
| May 1, 2026 | Hsu Michael D. Chairman of the Board and CEO | Tax withheld | 4,128 | $403.2K |
| May 1, 2026 | Abou-Oaf Ehab Pres. Int'l Fam. Care & Prof. | Option exercise | 1,450 | $0 |
| May 1, 2026 | Torres Russell President and COO | Option exercise | 4,158 | $0 |
| May 1, 2026 | Hsu Michael D. Chairman of the Board and CEO | Option exercise | 10,490 | $0 |
| May 1, 2026 | Torres Russell President and COO | Option exercise | 3,146 | $0 |
| May 1, 2026 | Torres Russell President and COO | Tax withheld | 1,239 | $121.0K |
| May 1, 2026 | Hsu Michael D. Chairman of the Board and CEO | Tax withheld | 4,377 | $427.5K |
| May 1, 2026 | McGee Grant B General Counsel & Secretary | Tax withheld | 457 | $44.6K |
| May 1, 2026 | Melucci Jeffrey P. Chief Bus., Strat. & Admin. | Option exercise | 3,046 | $0 |
| May 1, 2026 | Scribner Andrew Controller, VP & FP&A | Tax withheld | 160 | $15.6K |
| May 1, 2026 | Urdaneta Nelson Chief Financial Officer | Tax withheld | 1,332 | $130.1K |
| May 1, 2026 | McGee Grant B General Counsel & Secretary | Tax withheld | 451 | $44.0K |
| May 1, 2026 | Fenske Tamera Chief Supply Chain Officer | Option exercise | 1,450 | $0 |
| May 1, 2026 | Fenske Tamera Chief Supply Chain Officer | Option exercise | 1,430 | $0 |
| May 1, 2026 | Fenske Tamera Chief Supply Chain Officer | Tax withheld | 637 | $62.2K |
| May 1, 2026 | Scribner Andrew Controller, VP & FP&A | Option exercise | 655 | $0 |
| May 1, 2026 | Scribner Andrew Controller, VP & FP&A | Option exercise | 665 | $0 |
| May 1, 2026 | Fenske Tamera Chief Supply Chain Officer | Tax withheld | 1,151 | $112.4K |
| May 1, 2026 | Fenske Tamera Chief Supply Chain Officer | Tax withheld | 647 | $63.2K |
| May 1, 2026 | McGee Grant B General Counsel & Secretary | Option exercise | 1,144 | $0 |
| May 1, 2026 | Scribner Andrew Controller, VP & FP&A | Tax withheld | 162 | $15.8K |
| May 1, 2026 | Slavtcheff Craig Chief R&D Officer | Option exercise | 1,257 | $0 |
| May 1, 2026 | Slavtcheff Craig Chief R&D Officer | Tax withheld | 535 | $52.3K |
| May 1, 2026 | McGee Grant B General Counsel & Secretary | Option exercise | 1,160 | $0 |
| May 1, 2026 | Abou-Oaf Ehab Pres. Int'l Fam. Care & Prof. | Option exercise | 1,430 | $0 |
| May 1, 2026 | Corsi Patricia Chief Growth Officer | Option exercise | 966 | $0 |
| May 1, 2026 | Corsi Patricia Chief Growth Officer | Tax withheld | 403 | $39.4K |
| May 1, 2026 | Chen Katy President, Int'l Personal Care | Option exercise | 1,740 | $0 |
| May 1, 2026 | Chen Katy President, Int'l Personal Care | Option exercise | 1,716 | $0 |
| May 1, 2026 | Hsu Michael D. Chairman of the Board and CEO | Option exercise | 11,122 | $0 |
| May 1, 2026 | Torres Russell President and COO | Tax withheld | 1,637 | $159.9K |
| Apr 30, 2026 | Chen Katy President, Int'l Personal Care | Sale | 1,405 | $136.2K |
| Apr 26, 2026 | Fenske Tamera Chief Supply Chain Officer | Tax withheld | 839 | $82.1K |
| Apr 26, 2026 | Fenske Tamera Chief Supply Chain Officer | Option exercise | 1,882 | $0 |
| Apr 26, 2026 | Fenske Tamera Chief Supply Chain Officer | Award | 10,585 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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