IFF · 8-K · 20260804PR000032

Operating Expense Trends

INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 54 · Surprise 40

Research and development expense was $154 million in the first quarter of 2026, down 0.6% from $155 million in the first quarter of 2025 and equal to approximately 8.1% of sales. Selling and administrative expense declined 14.4% to $334 million from $390 million, reducing its ratio to sales to approximately 17.5% from 19.0%. Recast segment selling and administrative expense was $108 million for Taste, $97 million for Scent, and $105 million for Health & Biosciences. The company’s strategic initiative costs included expansion of Global Business Services reorganization activities into customer service, supply chain, and logistics, as well as process automation and artificial intelligence use.

Key facts

• Selling and administrative expenses for the three months ended March 31, 2026: $334 million source
• Selling and administrative expenses for the three months ended March 31, 2025: $390 million source
• Depreciation & Amortization for the year ended December 31, 2025 (Recast): $(581) million source
• Impairment of goodwill recorded in the three months ended March 31, 2025: $34 million source
• Research and development expenses for the three months ended March 31, 2026: $154 million source
• Research and development expenses for the three months ended March 31, 2025: $155 million source
• Depreciation & Amortization for the three months ended March 31, 2026 (Recast): $(152) million source
• Amortization of acquisition-related intangibles for the three months ended March 31, 2026: $84 million source