Operating Income for General Mills (GIS)
According to General Mills's latest reported financial statements, the company's current operating income (TTM) is $3.50B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.50B
YoY change
-3.7%
5Y CAGR
+2.3%
Peak year (2022)
$3.48B
Cumulative operating income
$74.60B
Operating Income history chart for General Mills (GIS) from 1984 to 2025
Operating Income history table for General Mills (GIS) from 1984 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.30B | -3.7% | ||
| 2024 | $3.43B | -0.1% | ||
| 2023 | $3.43B | -1.2% | ||
| 2022 | $3.48B | +10.5% | ||
| 2021 | $3.14B | +6.5% | ||
| 2020 | $2.95B | +17.4% | ||
| 2019 | $2.52B | +4.0% | ||
| 2018 | $2.42B | -2.9% | ||
| 2017 | $2.49B | -8.0% | ||
| 2016 | $2.71B | +30.3% | ||
| 2015 | $2.08B | -29.8% | ||
| 2014 | $2.96B | +3.7% | ||
| 2013 | $2.85B | +11.3% | ||
| 2012 | $2.56B | -7.6% | ||
| 2011 | $2.77B | +6.5% | ||
| 2010 | $2.61B | +12.1% | ||
| 2009 | $2.33B | +4.4% | ||
| 2008 | $2.23B | +8.3% | ||
| 2007 | $2.06B | +5.0% | ||
| 2006 | $1.96B | +3.1% | ||
| 2005 | $1.90B | -5.8% | ||
| 2004 | $2.02B | +8.3% | ||
| 2003 | $1.86B | +72.0% | ||
| 2002 | $1.08B | -10.0% | ||
| 2001 | $1.20B | +9.6% | ||
| 2000 | $1.10B | +8.0% | ||
| 1999 | $1.02B | +7.1% | ||
| 1998 | $950.20M | +10.6% | ||
| 1997 | $858.90M | -0.1% | ||
| 1996 | $860.00M | +24.8% | ||
| 1995 | $689.00M | -31.1% | ||
| 1994 | $999.40M | +8.9% | ||
| 1993 | $917.60M | +1.7% | ||
| 1992 | $902.70M | +9.2% | ||
| 1991 | $826.70M | +28.2% | ||
| 1990 | $645.10M | +18.4% | ||
| 1989 | $545.00M | +13.4% | ||
| 1988 | $480.50M | +2.8% | ||
| 1987 | $467.20M | +28.4% | ||
| 1986 | $363.90M | +42.1% | ||
| 1985 | $256.00M | -31.9% | ||
| 1984 | $376.00M | — |
Operating 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
2025's annual operating income for General Mills (GIS) came in at $3.30B – edged down 3.7% year-over-year.
Through 2020–2025 (5 years), General Mills operating income delivered a +2.3% annualised rate; with the latest reading among the more recent periods of the dataset.
Between 2022 and 2025, General Mills operating income edged down 4.9%, falling from $3.48B to $3.30B.
The highest annual operating income of $3.48B was reported in 2022. The lowest in the available history was $256.00M in 1985.
Within Consumer Defensive, General Mills (GIS) ranks 8th among 8 peers we track. The peer median for operating income is $14.35B.
General Mills Operating Income by Year
General Mills Operating Income 2025: $3.30B
General Mills operating income in 2025 was $3.30B, edged down 3.7% below 2024.
General Mills Operating Income 2024: $3.43B
General Mills operating income in 2024 was $3.43B, edged down 0.1% below 2023.
General Mills Operating Income 2023: $3.43B
General Mills operating income in 2023 was $3.43B, edged down 1.2% below 2022.
General Mills Operating Income 2022: $3.48B
General Mills operating income in 2022 was $3.48B, grew 10.5% from 2021. This figure represents the highest annual value in the available history.
General Mills Operating Income 2021: $3.14B
General Mills operating income in 2021 was $3.14B.
See more financial history for General Mills (GIS).
Sector peers — Operating Income
Companies in the same sector as General Mills, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is General Mills's operating income?
- Latest reported operating income for General Mills (GIS) is $3.50B (period ending February 22, 2026).
How has General Mills operating income changed year-over-year?
- General Mills (GIS) operating income changed -3.7% year-over-year on the latest annual filing.
What is the long-term growth rate of General Mills operating income?
- General Mills (GIS) operating income compound annual growth rate is +2.3% over the most recent 5 years available.
When did General Mills operating income hit its highest annual value?
- General Mills operating income reached its highest annual value of $3.48B in 2022.
What was General Mills operating income in 2024?
- General Mills (GIS) operating income in 2024 was $3.43B.
What was General Mills operating income in 2025?
- General Mills (GIS) operating income in 2025 was $3.30B.
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