Company file · BG
Bunge Global
Grain Merchandising and Milling was Bunge Global's fastest-growing segment in FY2025, up 80.0%
Revenue rose 32.4% to $70.3B in FY2025, from $53.1B in FY2024. Net income fell 28.2% to $816M. Soybean Processing and Refining was the largest segment, at 52% of revenue.
Key facts
Bunge Global (NYSE: BG) closed fiscal 2025 on Dec 31, 2025 with revenue of $70.3B, up 32.4% from a year before; net income came to $816M, down 28.2%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $23.8B, up 7.4% on the same stretch of the prior year, and net income of $318M. Broken down by segment, Soybean Processing and Refining led with 52% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 19, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 29, 2026).
Source: 10-K FY2025, filed Feb 19, 2026
Source: 10-Q filed Apr 29, 2026 · 10-Q filed Jul 29, 2026 · 10-Q filed Oct 29, 2026
How it makes money
By segment, FY2025
- LineAmountSharevs FY2024
- Soybean Processing and Refining$36.3B52%+13.7%
- Grain Merchandising and Milling$18.1B26%+80.0%
- Softseed Processing and Refining$11.3B16%+61.9%
- Other Oilseeds Processing and Refining$4.6B7%+11.6%
Source: 10-K FY2025, XBRL breakdown
By segment in FY2025: Soybean Processing and Refining (52%), Grain Merchandising and Milling (26%), Softseed Processing and Refining (16%) and Other Oilseeds Processing and Refining (7%), as shares of total revenue. Total revenue was $70.3B.
Source: 10-K FY2025
By product or service, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Company
Source: Bunge Global 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026
By segment
Source: Bunge Global 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026
The bull case and the bear case
The bull case
- Revenue rose 32.4% in FY2025 to $70.3B, from $53.1B a year earlier. 10-K, FY2025
- Revenue in the quarter ended Sep 30, 2026 was $23.8B, up 7.4% on a year earlier. 10-Q, quarter ended Sep 30, 2026
- Net income in the quarter ended Sep 30, 2026 was $318M, up 91.6% on a year earlier. 10-Q, quarter ended Sep 30, 2026
- Grain Merchandising and Milling revenue grew 80.0% in FY2025 to $18.1B. 10-K, FY2025
The bear case
- Net income fell 28.2% in FY2025 to $816M, from $1.1B. 10-K, FY2025
- Operating cash flow fell 55.6% in FY2025 to $844M. 10-K, FY2025
- Diluted shares rose 17.0% in FY2025, which spreads profit across more shares. 10-K, FY2025
- Total debt rose 125.2% in FY2025 to $14.1B. 10-K, FY2025
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Bunge Global is in the agricultural products & services industry, part of the consumer staples sector. The SEC files it under Fats & Oils.
Bunge Global reports 4 segments: Soybean Processing and Refining, Grain Merchandising and Milling, Softseed Processing and Refining and Other Oilseeds Processing and Refining.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the agricultural products & services industry. They are not a summary of Bunge Global’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- CostsCommodity, packaging and freight costs can rise faster than prices.
- Consumer habitsShoppers can trade down to store brands or change what they buy.
- Retail customersA few large retailers account for much of its sales.
- Regulation and safetyFood and product safety rules and recalls can bring cost and reputational harm.
- CompetitionRivals and private-label products compete for shelf space and prices.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $59.5B | $53.1B | $70.3B |
| Net income | $2.2B | $1.1B | $816M |
| Operating cash flow | $3.3B | $1.9B | $844M |
| Cash & equivalents (year end) | $2.6B | $3.3B | $1.1B |
| Total debt (year end) | $4.9B | $6.2B | $14.1B |
| Diluted shares | 151M | 142M | 166M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: Short-term and long-term debt combined, at carrying value, as the company totals it.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Clawback policies
- Treasury stock
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Oct 29, 2026 | Sep 30, 2026 |
| 10-Q | Jul 29, 2026 | Jun 30, 2026 |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 |
| DEF 14A | Apr 10, 2026 | Dec 31, 2025 |
| 10-K | Feb 19, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Bunge Global
How does Bunge Global make money?
Fiscal 2025 revenue: $70.3B. By segment in FY2025: Soybean Processing and Refining (52%), Grain Merchandising and Milling (26%), Softseed Processing and Refining (16%) and Other Oilseeds Processing and Refining (7%), as shares of total revenue. Total revenue was $70.3B. Source: 10-K for fiscal 2025, filed Feb 19, 2026.
What was Bunge Global's revenue in fiscal 2025?
$70.3B, up 32.4% from fiscal 2024 ($53.1B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $59.5B. Source: 10-K for fiscal 2025, filed Feb 19, 2026.
Is Bunge Global profitable?
Net income was $816M in fiscal 2025 (down 28.2%; fiscal 2024 was $1.1B). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $318M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 19, 2026.
What did Bunge Global report in its latest quarterly filing?
For the three months to Sep 30, 2026: revenue $23.8B (up 7.4% from $22.2B) and net income $318M (up 91.6% from $166M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026.
How much cash and debt does Bunge Global have?
As of Sep 30, 2026: $524M of cash and cash equivalents, $16.7B of total debt. Total debt here is short-term and long-term debt combined, at carrying value, as the company totals it. Source: 10-Q filed Oct 29, 2026.
What are the main risks Bunge Global faces?
Bunge Global's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 19, 2026. Risks that are common among companies in the agricultural products & services industry include Costs; consumer habits; retail customers; regulation and safety; competition. The first: Commodity, packaging and freight costs can rise faster than prices. Source: 10-K, Item 1A Risk Factors.
Where do these Bunge Global numbers come from?
The 10-K filed Feb 19, 2026 (fiscal 2025) and the 10-Q filed Oct 29, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Bunge Global
- Millennium Management: 1,557,125 shares, reported value $166.2M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Point72 Asset Management: 753,348 shares, reported value $80.4M at Jun 30, 2026 (+14,426.6% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Citadel Advisors: 66,872 shares, reported value $7.1M at Jun 30, 2026 (−92.4% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Maverick Capital: 40,018 shares, reported value $4.3M at Jun 30, 2026 (+66.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Soros Fund Management: 33,054 shares, reported value $3.5M at Jun 30, 2026 (−51.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Two Sigma Investments: 20,179 shares, reported value $2.2M at Jun 30, 2026 (+806.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in BG
- The editor holds no position in Bunge Global (BG). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell BG from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold BG, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Bunge GlobalBG | FY2025 | $70.3B | +32.4% | $816M |
| Archer Daniels MidlandADM | FY2025 | $80.3B | −6.2% | $1.1B |
| WalmartWMT | FY2026 | $713.2B | +4.7% | $21.9B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.