How does Hershey (HSY) make money?

Hershey (HSY) generates revenue primarily from North America Confectionery Segment, which accounted for 87.8% of total revenue in TTM through Q1 2026. The company reported $12B in revenue and converted 9.1% of it into net profit, equivalent to roughly $1.09B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Hershey (HSY)?

Hershey (HSY) reported a gross profit margin of 34.8% in TTM through Q1 2026, equivalent to $4.17B in gross profit on $12B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Hershey (HSY)?

Hershey (HSY) reported an operating profit margin of 14.1% in TTM through Q1 2026, equivalent to $1.69B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Hershey (HSY)?

Hershey (HSY) reported a net profit margin of 9.1% in TTM through Q1 2026, equivalent to $1.09B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Hershey (HSY) profitable?

Yes. Hershey (HSY) reported $1.09B in net income for TTM through Q1 2026, with a net profit margin of 9.1%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Hershey (HSY) spend on capital expenditures?

Hershey (HSY) spent $181M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Hershey (HSY) generate?

Hershey (HSY) generated $2.17B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 18.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Hershey (HSY)?

Hershey (HSY) had an effective tax rate of 26.2% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Hershey (HSY)?

Hershey (HSY) reports revenue across 2 reportable product segments, led by North America Confectionery Segment at 87.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Hershey (HSY) generate most of its revenue?

North America Segment is the largest geographic market for Hershey (HSY), accounting for 87.5% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Hershey Makes Money: 2026 Visual Revenue Map

Hershey (HSY) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 29, 2026 (reported April 30, 2026).

Hershey (HSY) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Hershey (HSY), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
North America Confectionery Segment	$10.5B	87.8%
North America Salty Snacks Segment	$1.46B	12.2%
Total	$12B	100%

North America Confectionery Segment$10.5B
North America Salty Snacks Segment$1.46B
Total$12B

Hershey (HSY) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Hershey (HSY), TTM through Q1 2026
Region	Revenue (USD)	% of total
North America Segment	$10.5B	87.5%
International and Other Segment	$1.5B	12.5%
Total	$12B	100%

North America Segment
International and Other Segment
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Hershey (HSY) reports revenue across 2 reportable product segments; the largest segment was North America Confectionery Segment at 87.8%, followed by North America Salty Snacks Segment (12.2%). Geographically, North America Segment accounted for 87.5% of revenue, followed by International and Other Segment (12.5%).

Frequently asked questions

Data & methodology

Hershey (HSY) Key Financials

Charts, filings, and peer comparison for every metric

Trains Company Knowledge

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

HSY Overview

Counters

Income Statement

Cash Flow

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation