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Mattel Inc.

MAT · Consumer Discretionary

Last earnings Aug 4, 2026

Key results

Gross marginquarter

50.9%

Gross Margin of 50.9%, an increase of 170 basis points

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Adjusted gross marginquarter

51.2%

Adjusted Gross Margin of 51.2%, an increase of 200 basis points

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Operating incomequarter

$78 million

Operating Income of $78 million, a decrease of $5 million

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Adjusted operating incomequarter

$88 million

Adjusted Operating Income of $88 million, a decrease of $8 million

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Net incomequarter

$53 million

Net Income of $53 million, a decrease of $4 million

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

EPSquarter

$0.16

Earnings per Share of $0.16 compared to $0.17 per share

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Reported gross marginquarter

50.9%

Gross Margin Reported Gross Margin increased to 50.9%, versus 49.2% in the prior year s second quarter, and Adjusted Gross Margin increased to 51.2%, versus 49.2%.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Reported operating incomequarter

$78 million

Operating Income Reported Operating Income was $78 million, a decrease of $5 million, and Adjusted Operating Income was $88 million, a decrease of $8 million.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

AI analysis

Q2 2025 · reported Jul 23, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

EPS · Q2 2025
$0.16
EX-99 · Jul 23, 2025
Gross margin · Q2 2025
50.9%
EX-99 · Jul 23, 2025
Net income · Q2 2025
$53M
EX-99 · Jul 23, 2025
Operating income · Q2 2025
$78M
EX-99 · Jul 23, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Gross margin50.9%——
Adjusted gross margin51.2%——
Operating income$78 million——
Adjusted operating income$88 million——
Net income$53 million——
EPS$0.16——
Reported gross margin50.9%——
Reported operating income$78 million——

EX-99 · Jul 23, 2025

Guidance · company-stated

Net Sales

“+1% to 3%”

Adjusted Operating Income

“$700”

Tax Rate

“23%”

Adjusted EPS

“$1.54”

Guidance stated in the release for FY2024; figures as stated.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin50.9%
Adjusted gross margin51.2%
Reported gross margin50.9%

Capital allocation

We grew in Action Figures and Vehicles, increased our POS, and repurchased more shares.

The non-GAAP financial measures that Mattel uses in this earnings release include Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Other Selling and Administrative Expenses, Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Earnings Per Share, earnings before interest expense, taxes, depreciation and amortization ( EBITDA ), Adjusted EBITDA, Free Cash Flow, Free Cash Flow Conversion (Free Cash Flow Adjusted EBITDA), Leverage Ratio (Total Debt Adjusted EBITDA), Net Debt, Adjusted Tax Rate, and constant currency.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Mattel Inc. Q2 2025 — Gross Margin of 50.9%, an increase of 170 basis points

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Net Sales: “Net Sales +1% to 3%”

Adjusted Operating Income: “Adjusted Operating Income $700”

Tax Rate: “Tax Rate 23%”

Adjusted EPS: “Adjusted EPS $1.54”

Net Sales (“FY2024”)
“2025 Guidance Mattel s updated full year 2025 guidance is (in millions, except EPS and percentages) Updated FY 2025 Guidance Prior FY2025 Guidance FY2024 Actual Net Sales +1% to 3%* +2% to 3%* $5,380 Adjusted Gross Margin Approx.”

Adjusted Operating Income (“FY2024”)
“50% Comparable 50.9% Adjusted Operating Income $700 - $750 $740 - $765 $738 Adjusted Tax Rate 23% - 24% 23% - 24% 21% Adjusted EPS $1.54 - $1.66 $1.66 - $1.72 $1.62 Free Cash Flow Approx.”

Tax Rate (“FY2024”)
“50% Comparable 50.9% Adjusted Operating Income $700 - $750 $740 - $765 $738 Adjusted Tax Rate 23% - 24% 23% - 24% 21% Adjusted EPS $1.54 - $1.66 $1.66 - $1.72 $1.62 Free Cash Flow Approx.”

Adjusted EPS (“FY2024”)
“50% Comparable 50.9% Adjusted Operating Income $700 - $750 $740 - $765 $738 Adjusted Tax Rate 23% - 24% 23% - 24% 21% Adjusted EPS $1.54 - $1.66 $1.66 - $1.72 $1.62 Free Cash Flow Approx.”

Guidance stated in the release for FY2024; figures as stated.

Capital allocation

We grew in Action Figures and Vehicles, increased our POS, and repurchased more shares.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

The non-GAAP financial measures that Mattel uses in this earnings release include Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Other Selling and Administrative Expenses, Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Earnings Per Share, earnings before interest expense, taxes, depreciation and amortization ( EBITDA ), Adjusted EBITDA, Free Cash Flow, Free Cash Flow Conversion (Free Cash Flow Adjusted EBITDA), Leverage Ratio (Total Debt Adjusted EBITDA), Net Debt, Adjusted Tax Rate, and constant currency.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

The presentation of Adjusted EBITDA differs from how Mattel calculates EBITDA for purposes of covenant compliance under the indentures governing its high yield senior notes and the revolving credit agreement governing its revolving credit facility.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Free Cash Flow and Free Cash Flow Conversion Free Cash Flow represents Mattel s net cash flows from operating activities less capital expenditures.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Leverage Ratio (Total Debt Adjusted EBITDA) The leverage ratio is calculated by dividing Total Debt by Adjusted EBITDA.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Total Debt represents the aggregate of Mattel s current portion of long-term debt, short-term borrowings, and long-term debt, excluding the impact of debt issuance costs and debt discount.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Strategy & priorities

Ynon Kreiz, Chairman and CEO of Mattel, said Our second quarter performance reflects operational excellence in the current macroeconomic environment as we continue to execute our strategy to grow Mattel s IP-driven toy business and expand our entertainment offering.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

We achieved meaningful gross margin expansion, grew internationally, and further progressed our entertainment slate.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Our balance sheet is strong and we are executing in line with our capital allocation priorities to create long-term shareholder value.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Mattel expects to leverage Mattel163's capabilities to increase its mobile games output and enhance alignment with the broader Mattel product roadmap.

SEC original ↗Mattel Inc. — 10-Q Quarterly report10-QAug 6, 2026

The goodwill recognized was primarily attributable to the assembled workforce and strategic benefits that are expected to be achieved.

SEC original ↗Mattel Inc. — 10-Q Quarterly report10-QAug 6, 2026

Risks & headwinds

We are confident in the power of our brand portfolio and our ability to navigate ongoing uncertainty.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

$600 $598 *in Constant Currency Mattel's guidance considers what the company is aware of today, but remains subject to market volatility, unexpected disruptions, including further regulatory actions impacting global trade, and other macro-economic risks and uncertainties.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

These forward-looking statements are based on currently available operating, financial, economic, and other information and assumptions, and are subject to a number of significant risks and uncertainties.

SEC original ↗Mattel Inc. — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Legal Proceedings 51 Item 1A.

SEC original ↗Mattel Inc. — 10-Q Quarterly report10-QAug 6, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary
Documents

Filings

33 documents

Earnings releases

12 documents

Presentations

0 documents

No presentations for Mattel Inc. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Mattel Inc. are held in this edition of the library.

See also the earnings calendar for every tracked company’s next earnings date.