Net Income for General Mills (GIS)
According to General Mills's latest reported financial statements, the company's current net income (TTM) is $2.21B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$2.21B
YoY change
-8.1%
5Y CAGR
+1.0%
Peak year (2022)
$2.71B
Cumulative net income
$47.34B
Net Income history chart for General Mills (GIS) from 1984 to 2025
Net Income history table for General Mills (GIS) from 1984 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $2.30B | -8.1% | ||
| 2024 | $2.50B | -3.8% | ||
| 2023 | $2.59B | -4.2% | ||
| 2022 | $2.71B | +15.7% | ||
| 2021 | $2.34B | +7.3% | ||
| 2020 | $2.18B | +24.4% | ||
| 2019 | $1.75B | -17.8% | ||
| 2018 | $2.13B | +28.6% | ||
| 2017 | $1.66B | -2.4% | ||
| 2016 | $1.70B | +39.0% | ||
| 2015 | $1.22B | -33.1% | ||
| 2014 | $1.82B | -1.7% | ||
| 2013 | $1.86B | +18.4% | ||
| 2012 | $1.57B | -12.8% | ||
| 2011 | $1.80B | +17.5% | ||
| 2010 | $1.53B | +17.3% | ||
| 2009 | $1.30B | +0.7% | ||
| 2008 | $1.29B | +13.2% | ||
| 2007 | $1.14B | +4.9% | ||
| 2006 | $1.09B | -12.1% | ||
| 2005 | $1.24B | +17.5% | ||
| 2004 | $1.05B | +15.0% | ||
| 2003 | $917.00M | +100.2% | ||
| 2002 | $458.00M | -31.1% | ||
| 2001 | $665.00M | +8.3% | ||
| 2000 | $614.00M | +14.9% | ||
| 1999 | $534.50M | +26.7% | ||
| 1998 | $421.80M | -5.3% | ||
| 1997 | $445.40M | -6.5% | ||
| 1996 | $476.40M | +29.7% | ||
| 1995 | $367.40M | -21.8% | ||
| 1994 | $469.90M | -7.2% | ||
| 1993 | $506.10M | +2.1% | ||
| 1992 | $495.60M | +4.8% | ||
| 1991 | $472.70M | +23.9% | ||
| 1990 | $381.40M | -21.2% | ||
| 1989 | $484.30M | +71.1% | ||
| 1988 | $283.10M | +27.5% | ||
| 1987 | $222.00M | +21.0% | ||
| 1986 | $183.50M | -351.4% | ||
| 1985 | -$73.00M | -131.3% | ||
| 1984 | $233.00M | — |
Net Income values are taken from General Mills's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, General Mills (GIS) reported net income of $2.30B – declined 8.1% year-over-year.
Through 2020–2025 (5 years), General Mills net income delivered a +1.0% annualised rate; with the latest reading among the more recent periods of the dataset.
General Mills net income peaked at $2.71B in 2022; the latest annual figure is $2.30B in 2025 (15.2% below peak).
The dataset's maximum net income sits at $2.71B (2022); the minimum reading of -$73.00M dates to 1985.
Among 8 Consumer Defensive peers, General Mills (GIS) ranks 8th; the peer median for net income is $9.79B.
General Mills Net Income by Year
General Mills Net Income 2025: $2.30B
General Mills net income in 2025 was $2.30B, declined 8.1% below 2024.
General Mills Net Income 2024: $2.50B
General Mills net income in 2024 was $2.50B, edged down 3.8% below 2023.
General Mills Net Income 2023: $2.59B
General Mills net income in 2023 was $2.59B, edged down 4.2% below 2022.
General Mills Net Income 2022: $2.71B
General Mills net income in 2022 was $2.71B, grew 15.7% from 2021. This figure represents the highest annual value in the available history.
General Mills Net Income 2021: $2.34B
General Mills net income in 2021 was $2.34B.
See more financial history for General Mills (GIS).
Sector peers — Net Income
Companies in the same sector as General Mills, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $21.89B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $15.97B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.11B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $11.35B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $8.24B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $8.10B | Consumer Defensive |
| Altria Group, Inc. (MO) | $6.95B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $1.91B | Consumer Defensive |
Frequently asked questions
What is General Mills's net income?
- Latest reported net income for General Mills (GIS) is $2.21B (period ending February 22, 2026).
How has General Mills net income changed year-over-year?
- General Mills (GIS) net income changed -8.1% year-over-year on the latest annual filing.
What is the long-term growth rate of General Mills net income?
- General Mills (GIS) net income compound annual growth rate is +1.0% over the most recent 5 years available.
When did General Mills net income hit its highest annual value?
- General Mills net income reached its highest annual value of $2.71B in 2022.
What was General Mills net income in 2024?
- General Mills (GIS) net income in 2024 was $2.50B.
What was General Mills net income in 2025?
- General Mills (GIS) net income in 2025 was $2.30B.
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