ADM Q3 2025 Earnings
Reported Nov 4, 2025 at 6:05 AM ET · SEC Source
Q3 25 EPS
$0.92
BEAT +7.91%
Est. $0.85
Q3 25 Revenue
$20.37B
MISS 1.94%
Est. $20.77B
vs S&P Since Q3 25
+18.7%
BEATING MARKET
ADM +25.4% vs S&P +6.7%
Market Reaction
Did ADM Beat Earnings? Q3 2025 Results
Archer-Daniels-Midland delivered a mixed third quarter for fiscal 2025, beating on earnings while falling short on the top line against a backdrop of persistent industry headwinds. Adjusted EPS came in at $0.92, clearing the $0.85 consensus estimate … Read more Archer-Daniels-Midland delivered a mixed third quarter for fiscal 2025, beating on earnings while falling short on the top line against a backdrop of persistent industry headwinds. Adjusted EPS came in at $0.92, clearing the $0.85 consensus estimate by 7.91%, but revenue of $20.37 billion trailed expectations of $20.77 billion by 1.94%, even as sales edged 2.2% higher year over year. The most consequential drag was a 93% collapse in Crushing segment operating profit, driven by muted biofuel demand tied to deferred U.S. Policy and disrupted international trade flows, a dynamic that also prompted JPMorgan to downgrade the stock amid broader profit concerns. Total segment operating profit fell 19% to $845.00 million, weighed further by $220.00 million in specified items including a $163.00 million share of a penalty on equity investee Wilmar International. Management cut full-year 2025 adjusted EPS guidance to $3.25 to $3.50 per share from roughly $4.00, citing lower crush margins, while pointing to anticipated biofuel policy clarity and trade stabilization as the key catalysts underpinning a more constructive outlook heading into 2026.
Key Takeaways
- • Higher North American export activity drove Ag Services subsegment profit up 78%
- • Crushing subsegment profit dropped 93% due to muted biofuel demand and deferred U.S. biofuel policy
- • Nutrition segment grew 24% driven by Flavors margin improvement and Animal Nutrition portfolio streamlining
- • Vantage Corn Processors benefited from strong export flows and elevated pricing from industry plant downtime
- • Global crush volumes increased 2.6% sequentially and 2.2% year-over-year through operational optimization
- • Starches and Sweeteners impacted by lower global demand and higher EMEA corn costs related to quality issues
- • Record revenue achieved in Flavors North America
- • Robust cash flow supported by portfolio optimization and working capital improvement of $3.7 billion year-to-date
ADM YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ADM Revenue by Segment
With YoY comparisons, source: SEC Filings
“During the third quarter, we made solid progress in areas within our control, as we navigated a highly dynamic global environment. We advanced our portfolio optimization initiatives, accomplished cost savings through targeted streamlining, efficiently ran our plants, and generated robust cash flow.”
— Juan Luciano, Q3 2025 Earnings Press Release
ADM Earnings Trends
ADM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ADM EPS Trend
Earnings per share: estimate vs actual
ADM Revenue Trend
Quarterly revenue: estimate vs actual
ADM Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 MISS FY | $0.89 | $0.87 | -1.76% | $18.56B | -13.22% |
| FY Full Year | $3.38 | $3.43 | +1.35% | $80.27B | -3.43% |
| Q3 25 BEAT | $0.85 | $0.92 | +7.91% | $20.37B | -1.94% |
| Q2 25 BEAT | $0.80 | $0.93 | +16.82% | $21.17B | -2.96% |
| Q1 25 BEAT | $0.67 | $0.70 | +4.46% | $20.18B | -8.50% |