Freeport-McMoRan

FCX Materials Market cap $99.6B as of Sep 14, 2026 16:03 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 6, 2026

Revenue$7.03B −7% year over year

Gross profit$2.19B 31% margin

Operating profit$2.00B 28% margin

Net profit$0.98B 14% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Segment revenue	9.64	137%
Other revenue	2.02	29%
Cerro verde	1.38	20%
Cerro unaffiliated customers	1.22	17%
Grasberg	1.07	15%
Grasberg… customers	1.07	15%
Refining	0.97	14%
Segment unaffiliated	0.97	14%
Intersegment customers	0.94	13%
Eliminations	−2.61	−37%
Net revenue	7.03	100%	−7%
Cost of revenue	−4.84	69%
Gross profit	2.19	31% margin	−4pp
SG&A	−0.14	2%	+0pp
Other	−0.05	1%	+0pp
Operating profit	2.00	28% margin	−4pp
Interest & other costs	−0.48
Tax	−0.54
Net profit	0.98	14% margin

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.23	100%	+9%
Copper cathode	2.05	33%	+1%
Refined copper products	1.50	24%	+57%
Copper in concentrates	1.08	17%	−22%
Gold	0.69	11%	+46%
Molybdenum	0.61	10%	+39%
Silver & other	0.28	5%	+100%
Cost of revenue	−3.94	63%
Gross profit	2.30	37% margin	+11pp
SG&A	−0.16	3%	+0pp
Operating profit	2.14	34% margin	+12pp
Interest & other costs	−0.10
Tax	−0.65
Net profit	1.39	22% margin	+8pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.63	100%	−2%
Cost of revenue	−4.62	82%
Gross profit	1.02	18% margin	−7pp
SG&A	−0.13	3%	+0pp
Other	−0.07	1%	+0pp
Operating profit	0.81	14% margin	−7pp
Interest & other costs	−0.04
Tax	−0.20
Net profit	0.57	10% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Segment revenue	7.06	101%
Copper in concentrates	1.97	28%	+10%
Copper cathode	1.82	26%	−12%
Refined copper products	1.33	19%	+31%
Gold	1.20	18%	−14%
Molybdenum	0.50	7%	+11%
Silver and other	0.22	3%
Purchased copper	0.02	0%	−88%
Eliminations	−0.09	−1%
Net revenue	6.97	100%	+3%
Cost of revenue	−4.83	69%
Gross profit	2.14	31% margin	+0pp
SG&A	−0.13	2%	+0pp
Other	−0.04	0%	+0pp
Operating profit	1.97	28% margin	+0pp
Interest & other costs	−0.06
Tax	−0.67
Net profit	1.25	18% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Segment revenue	7.65	101%
Copper cathode	2.17	29%
Copper in concentrates	2.02	27%
Gold	1.83	24%
Refined copper products	0.97	13%
Molybdenum	0.48	6%
Silver and other	0.17	2%
Eliminations	−0.07	−1%
Net revenue	7.58	100%	+14%
Cost of revenue	−4.95	65%
Gross profit	2.63	35% margin	+1pp
SG&A	−0.13	2%	+0pp
Other	−0.07	1%	+0pp
Operating profit	2.43	32% margin	+1pp
Tax	−0.89
Net profit	1.55	20% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.73	100%	−9%
Copper cathode	2.03	35%	+3%
Copper in concentrates	1.39	24%	−24%
Refined copper products	0.96	17%	+1%
Gold	0.48	8%	−59%
Molybdenum	0.44	8%	+6%
Purchased copper	0.30	5%
Silver & other	0.14	3%
Cost of revenue	−4.22	74%
Gross profit	1.51	26% margin	−3pp
SG&A	−0.15	3%	+0pp
Other	−0.05	1%	+0pp
Operating profit	1.30	23% margin	−3pp
Tax	−0.51
Net profit	0.79	14% margin	−5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	5.72	100%	−3%
Copper cathode	2.07	36%	+20%
Copper in concentrates	1.53	27%	−19%
Gold	0.95	17%	−13%
Refined copper products	0.91	16%	+6%
Or services	0.17	3%	+19%
Purchased copper	0.07	1%	+6%
Cost of revenue	−4.30	75%
Gross profit	1.43	25% margin	−8pp
SG&A	−0.13	2%	+0pp
Other	−0.05	1%	+0pp
Operating profit	1.24	22% margin	−7pp
Tax	−0.52
Net profit	0.72	13% margin	−4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 6, 2026 Operating margin 28% Net profit $1.0B	Apr 1 – Jun 30, 2026	Aug 6, 2026	$7.03B	−7%	28%	$1.0B	14%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 8, 2026 Operating margin 34% Net profit $1.4B	Jan 1 – Mar 31, 2026	May 8, 2026	$6.23B	+9%	34%	$1.4B	22%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 13, 2026 Operating margin 14% Net profit $0.6B	Oct 1 – Dec 31, 2025	Feb 13, 2026	$5.63B	−2%	14%	$0.6B	10%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 6, 2025 Operating margin 28% Net profit $1.2B	Jul 1 – Sep 30, 2025	Nov 6, 2025	$6.97B	+3%	28%	$1.2B	18%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 8, 2025 Operating margin 32% Net profit $1.5B	Apr 1 – Jun 30, 2025	Aug 8, 2025	$7.58B	+14%	32%	$1.5B	20%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 8, 2025 Operating margin 23% Net profit $0.8B	Jan 1 – Mar 31, 2025	May 8, 2025	$5.73B	−9%	23%	$0.8B	14%
Q4 FY24 Oct 1 – Dec 31, 2024 reported Feb 14, 2025 Operating margin 22% Net profit $0.7B	Oct 1 – Dec 31, 2024	Feb 14, 2025	$5.72B	−3%	22%	$0.7B	13%