Q1 26 EPS
$1.97
Q1 26 Revenue
$4.16B
BEAT +1.69%
Est. $4.09B
vs S&P Since Q1 26
-2.4%
TRAILING MARKET
KMB -1.1% vs S&P +1.3%
Market Reaction
Did KMB Beat Earnings? Q1 2026 Results
Kimberly-Clark delivered a solid beat to open fiscal 2026, posting adjusted EPS attributable to the company of $1.97 against a consensus estimate of $1.93, a 2.24% beat that extended the consumer products giant's streak of topping Wall Street expecta… Read more Kimberly-Clark delivered a solid beat to open fiscal 2026, posting adjusted EPS attributable to the company of $1.97 against a consensus estimate of $1.93, a 2.24% beat that extended the consumer products giant's streak of topping Wall Street expectations to four consecutive quarters. Revenue came in at $4.16 billion, clearing the $4.09 billion estimate by 1.69%, though reported net sales fell 14.0% year-over-year as the company's International Family Care and Professional business is now classified as discontinued operations ahead of its expected mid-2026 close as a joint venture with Suzano. The clearest engine behind the quarter was International Personal Care, where net sales climbed 9.1% to $1.51 billion and operating profit surged 21.9% to $245.00 million, providing meaningful offset to a softer North America segment weighed down by the planned exit of the U.S. Private label diaper business. With analysts already eyeing the pending Kenvue acquisition as a key value catalyst, management reaffirmed its 2026 outlook, calling for organic sales growth in line with or ahead of approximately 2.5% category growth and double-digit adjusted EPS growth from continuing operations on a constant-currency basis.
Key Takeaways
- • Organic sales growth of 2.5% driven by volume-plus-mix growth of 3.0%
- • International Personal Care organic sales growth of 4.0% with volume-led growth of 4.1%
- • Strong productivity savings across the business
- • Lower marketing, research and general expenses reflecting overhead savings
- • Favorable currency translation of 2.0%
- • $120 million insurance recovery benefit from settlement of claims related to a previous acquisition
KMB Forward Guidance & Outlook
Kimberly-Clark reaffirmed its 2026 outlook. The company expects organic sales growth in line to ahead of the weighted average growth in its categories and countries, which grew at approximately 2.5% over the latest twelve months. Reported net sales are forecast to reflect a negative 50 basis point impact from the US private label diaper business exit and an approximately 50 basis point favorable impact from currency translation. Adjusted operating profit is expected to grow at a mid-to-high single-digit rate on a constant-currency basis. Adjusted EPS from continuing operations are expected to grow at a double-digit rate on a constant-currency basis, driven by an approximately 40% increase in income from equity companies versus 2025, flat net interest expense, an adjusted effective tax rate of approximately 23%, and essentially unchanged average shares outstanding. Adjusted EPS attributable to Kimberly-Clark are expected to be flat on a constant-currency basis, reflecting reduced income from discontinued operations in line with the expected mid-2026 close of the IFP transaction. EPS is expected to benefit from approximately 170 basis points of favorable currency translation. The outlook reflects assumptions subject to change given the macro environment.
KMB YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
KMB Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our first quarter results highlight the strength and resilience of the growth engine we've built through Powering Care. We continued to deliver solid volume-plus-mix performance while building share momentum despite continued geopolitical and macroeconomic uncertainty. We accomplished this by driving consumer-inspired innovation, growing brand love, and executing exceptionally well as a team. Simultaneously, we continue to generate meaningful cost savings that reinforce our strong financial foundation and enable us to invest in our exciting future.”
— Mike Hsu, Q1 2026 Earnings Press Release
KMB Earnings Trends
KMB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KMB EPS Trend
Earnings per share: estimate vs actual
KMB Revenue Trend
Quarterly revenue: estimate vs actual
KMB Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.97 | — | $4.16B | +1.69% |
| Q4 25 BEAT FY | $1.81 | $1.86 | +2.76% | $4.08B | — |
| FY Full Year | — | $7.53 | — | $16.45B | — |
| Q3 25 BEAT | $1.75 | $1.82 | +4.00% | $4.15B | — |
| Q2 25 BEAT | $1.66 | $1.92 | +15.66% | $4.16B | — |
| Q1 25 BEAT | $1.80 | $1.93 | +7.22% | $4.84B | — |