In Q2 fiscal 2026 (the quarter ended June 30, 2026), Archer-Daniels-Midland's largest business segment was Ag Services and Oilseeds, with $17.92 billion or 79% of revenue, up 10.1% from a year earlier. Next: Carbohydrate Solutions (12%) and Nutrition (8%).
By product or service, Ag Services brought in 51%, Refined Products and Other brought in 15% and Crushing brought in 14% of revenue in Q2 fiscal 2026.
The fastest-growing business segment from a year earlier was Ag Services and Oilseeds (+10.1%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Fiscal quarters, from company filings
| Business segment | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Ag Services and Oilseeds | $17.9B | $16.0B | $15.6B | $16.3B | 79% |
| Carbohydrate Solutions | $2.8B | $2.6B | $2.7B | $2.8B | 12% |
| Nutrition | $1.9B | $1.8B | $1.9B | $2.0B | 8% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Ag Services | $11.5B | $10.6B | $10.3B | $10.9B | 51% |
| Refined Products and Other | $3.3B | $2.7B | $2.8B | $2.7B | 15% |
| Crushing | $3.1B | $2.7B | $2.6B | $2.6B | 14% |
| Starches and sweeteners | $2.1B | $1.9B | $2.0B | $2.1B | 9% |
| Human Nutrition | $1.1B | $1.0B | $1.1B | $1.2B | 5% |
| Animal Nutrition | $784.0M | $780.0M | $849.0M | $832.0M | 3% |
| Vantage Corn Processors | $677.0M | $628.0M | $729.0M | $692.0M | 3% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition (as reported for Q2 fiscal 2026).
Ag Services and Oilseeds: $17.92 billion, or 79% of revenue, in Q2 fiscal 2026.
By revenue in Q2 fiscal 2026: Ag Services (51%), Refined Products and Other (15%), Crushing (14%) and Starches and sweeteners (9%).
Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i
Fiscal quarter ended Jun 30, 2026
| Item | Revenue | Share |
|---|---|---|
| Ag Services and Oilseeds | USD 17.92B | 79.4% |
| Carbohydrate Solutions | USD 2.76B | 12.2% |
| Nutrition | USD 1.90B | 8.4% |
| Corporate and otheri | USD 106.00M |
Sum of items USD 22.57B; corporate items and eliminations USD 106.00M. Shares are of the items shown. Click an item with › to see its parts.
Every item and period in one grid. Purple = calculated; "–" = not available.
| Item | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 | Q3 FY18 | Q2 FY18 | Q4 FY17 | Q3 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ag Services and Oilseeds | 17.9B | 16.0B | 14.0B | 15.6B | 16.3B | 15.7B | 16.9B | 15.1B | – | – | 18.5B | – | – | – | 20.7B | – | – | – | 18.1B | – | – | – | 15.5B | – | – | – | 13.6B | – | – | – | – | – | – | – | – |
| Ag Services | – | – | – | – | – | – | – | – | 11.7B | 11.2B | – | 10.2B | 13.4B | 11.7B | – | 12.5B | 14.3B | 11.8B | – | 9.9B | 12.8B | 10.1B | – | 7.4B | 8.7B | 6.9B | – | 8.2B | 8.0B | 7.4B | – | 7.6B | – | – | – |
| Crushing | – | – | – | – | – | – | – | – | 2.9B | 3.3B | – | 3.4B | 3.5B | 3.7B | – | 3.2B | 3.4B | 3.2B | – | 2.8B | – | 2.7B | – | 2.3B | 2.4B | 2.3B | – | 2.5B | 2.3B | 2.3B | – | 2.7B | 4.4B | – | – |
| Carbohydrate Solutions | 2.8B | 2.6B | 2.6B | 2.7B | 2.8B | 2.6B | 2.7B | 2.9B | – | – | 2.6B | – | – | – | 3.3B | – | – | – | 3.2B | – | 2.8B | – | 2.3B | – | – | – | 2.7B | – | – | – | 2.8B | 2.5B | 2.6B | – | – |
| Refined Products and Other | – | – | – | – | – | – | – | – | 2.7B | 2.7B | – | 2.9B | 3.0B | 3.2B | – | 3.4B | 3.7B | 3.2B | – | 2.9B | 2.6B | 2.1B | – | 1.9B | 1.7B | 1.8B | – | 1.9B | 1.9B | 1.8B | – | 1.9B | – | – | – |
| Starches and sweeteners | – | – | – | – | – | – | – | – | 2.2B | 2.2B | – | 2.4B | 2.5B | 2.7B | – | 2.7B | 2.5B | 2.5B | – | 2.0B | 1.8B | 1.7B | – | 1.6B | 1.5B | 1.6B | – | 1.5B | 1.7B | 1.6B | – | 1.7B | 1.7B | – | 1.7B |
| Nutrition | 1.9B | 1.8B | 1.8B | 1.9B | 2.0B | 1.8B | 1.8B | 1.8B | – | – | 1.7B | – | – | – | 1.8B | – | – | – | 1.7B | – | – | – | 1.5B | – | – | – | 1.5B | – | – | – | 915.0M | – | – | – | 885.0M |
| Animal Nutrition | – | – | – | – | – | – | – | – | 847.0M | 872.0M | – | 884.0M | 887.0M | 917.0M | – | 958.0M | 983.0M | 966.0M | – | 889.0M | 885.0M | 809.0M | – | 732.0M | 714.0M | 752.0M | – | 754.0M | 796.0M | 608.0M | – | 281.0M | 325.0M | – | 295.0M |
| Origination | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 7.7B | – | – | – | 6.7B |
| Vcp | – | – | – | – | – | – | – | – | 683.0M | 527.0M | – | 877.0M | 906.0M | 800.0M | – | 901.0M | 1.2B | 868.0M | – | 894.0M | 974.0M | 478.0M | – | 490.0M | 469.0M | 666.0M | – | 1.0B | 757.0M | 805.0M | – | – | – | – | – |
| Human Nutrition | – | – | – | – | – | – | – | – | 1.1B | 964.0M | – | 900.0M | 966.0M | 936.0M | – | 906.0M | 1.0B | 958.0M | – | 808.0M | 848.0M | 754.0M | – | 719.0M | 723.0M | – | – | 703.0M | – | – | – | – | – | – | – |
| Oilseeds | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.9B | – | – | – | – |
| Merchandising and handling | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.6B | – | – |
| Wild and Specialty Ingredients | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 719.0M | – | – | 728.0M | 674.0M | – | – | – | – | 590.0M |
| Refining, packaging, biodiesel, and other | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.3B | – | – |
| All other segments | – | – | – | – | – | – | – | – | – | – | – | 107.0M | 112.0M | 103.0M | 91.0M | 97.0M | 101.0M | 107.0M | 90.0M | 88.0M | 102.0M | 100.0M | 90.0M | 84.0M | 89.0M | 104.0M | 79.0M | 88.0M | 104.0M | 81.0M | 90.0M | – | – | – | – |
| Bioproducts | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 828.0M | – | – | 918.0M |
| Corporate and other | 106.0M | 125.0M | 116.0M | 109.0M | 112.0M | 112.0M | 100.0M | 109.0M | 113.0M | 109.0M | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Other Operating | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 84.0M | 101.0M | – | 98.0M |
| 4700 Transportation Services | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 63.0M | – | 52.0M |