International Flavors & Fragrances Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 3, 2026, reporting a net loss attributable to IFF shareholders of $55 million for the third quarter.

Key Highlights

  • Q3 2026 net sales: $1,942 million, compared with $1,869 million in Q3 2025, according to the filing.
  • Q3 2026 net loss attributable to IFF shareholders: $55 million, or $(0.22) per diluted share, versus net income of $40 million, or $0.16 per diluted share, in Q3 2025.
  • Goodwill impairment charge: $23 million recorded in the three months ended September 30, 2026, compared with no such charge in the prior-year quarter.
  • Loss on assets classified as held for sale: $236 million in Q3 2026, with no comparable charge in Q3 2025, as disclosed in the income statement.
  • Nine-month net income attributable to IFF shareholders: $164 million for the nine months ended September 30, 2026, compared with a net loss of $379 million for the same period in 2025.
  • Shares outstanding: 250,391,293 shares of common stock as of October 30, 2026.
  • Total assets: $24,825 million as of September 30, 2026, down from $25,539 million at December 31, 2025.

IFF Third-Quarter 2026 Financial Results: Sales Growth Offset by Impairment and Held-for-Sale Losses

According to the filing, International Flavors & Fragrances Inc. (NYSE:IFF) reported net sales of $1,942 million for the three months ended September 30, 2026, an increase from $1,869 million in the same quarter of 2025. Gross profit rose to $825 million from $799 million year over year. Despite the top-line improvement, the company reported a loss from continuing operations before taxes of $134 million in Q3 2026, compared with income of $130 million in Q3 2025, driven in part by a $236 million loss on assets classified as held for sale and a $23 million goodwill impairment charge recorded in the quarter.

The filing also disclosed net income from discontinued operations of $72 million for Q3 2026, compared with a loss from discontinued operations of $58 million in Q3 2025. For the nine-month period ended September 30, 2026, the company reported operating profit of $571 million, up from $511 million in the comparable prior-year period, while net income attributable to IFF shareholders was $164 million, compared with a net loss of $379 million for the nine months ended September 30, 2025. The nine-month 2025 period included a gain on extinguishment of debt of $488 million and losses on business disposals of $111 million, which are not present in the 2026 period.

On the balance sheet, total assets as of September 30, 2026 were $24,825 million, down from $25,539 million at December 31, 2025. Current assets of discontinued operations increased significantly to $5,181 million from $1,704 million over the same period. Total shareholders' equity, including non-controlling interests, was $13,290 million as of September 30, 2026, compared with $14,186 million at December 31, 2025. Treasury stock increased to a cost of $1,515 million (25.3 million shares) from $952 million (20.0 million shares) at year-end 2025, as reported in the filing.

What Was Disclosed

IFF filed its unaudited quarterly report covering the three and nine months ended September 30, 2026, disclosing income statement results, balance sheet data, and shareholders' equity changes, including a $236 million loss on assets classified as held for sale and a $23 million goodwill impairment charge in Q3 2026.