IFF · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 31 · Surprise 32

Exchange-rate movements provided a favorable $35 million, or 2%, impact on second-quarter sales and a 3% favorable impact on first-six-month sales. Currency effects varied by business and region based on the mix of U.S.-dollar and foreign-currency sales. Six-month other expense also benefited from decreased foreign-exchange losses, while management identifies foreign-currency fluctuations and international regulatory and political risks as continuing uncertainties.

Key facts

• Exchange rate variations had a favorable impact of 2% on second quarter 2026 sales. source
• On a comparable currency neutral basis, Health & Biosciences sales increased 5% in Q2 2026 compared to the prior year period and exchange rate variations had a favorable impact of 3%. source
• On a comparable currency neutral basis, Scent sales increased 8% in Q2 2026 compared to the prior year period and exchange rate variations had a favorable impact of 2%. source
• On a comparable currency neutral basis, sales for the first six months of 2026 increased 4% compared to the 2025 period and exchange rate variations had a favorable impact of 3%. source