The financials
Freeport-McMoRan by the numbers
Freeport-McMoRan (FCX) reported revenue of $7.03B in Q2 2026 (quarter ended June 30, 2026), down 7.3% from the same quarter a year earlier. That came with a gross margin of 31% and net income of $1.39B (20% of revenue). For the full year FY2025, revenue was $25.9B (+1.8% year on year) and net income $4.15B. Its largest product in 2026-Q1 was Copper Cathode at $2.05B, 32% of the disclosed total, just ahead of Refined Copper Products at 24%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $7.03B | $7.58B | −7.3% |
| Gross profit | $2.19B | $2.63B | −17% |
| Operating income | $2.00B | $2.43B | −18% |
| Net income | $1.39B | $1.55B | −10% |
| Diluted EPS | $0.68 | $0.53 | +28% |
| Product | Revenue | Share |
|---|---|---|
| Copper Cathode | $2.05B | 32% |
| Refined Copper Products | $1.50B | 24% |
| Copper In Concentrates | $1.08B | 17% |
| Gold | $692M | 11% |
| Molybdenum | $613M | 9.7% |
| Silver And Other | $278M | 4.4% |
| Purchased Copper | $89M | 1.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $6.31B (-11%)
Silver And Other grew +100% year on yearPurchased Copper -70% year on year
Segment Latestquarter on quarteryear on year
- Copper Cathode$2.05B$2.05BQoQ +13%year on year +1.2%+13%+1.2%
- Refined Copper Products$1.50B$1.50BQoQ +13%year on year +57%+13%+57%
- Copper In Concentrates$1.08B$1.08BQoQ -45%year on year -22%-45%-22%
- Gold$692.0M$692.0MQoQ -43%year on year +46%-43%+46%
- Molybdenum$613.0M$613.0MQoQ +22%year on year +39%+22%+39%
- Silver And Other$278.0M$278.0MQoQ +25%year on year +100%+25%+100%
- Purchased Copper$89.0M$89.0MQoQ +394%year on year -70%+394%-70%