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Bunge Company Profile: Revenue, Business Model & Strategy

Research depth: 26 milestones · 10 FAQs

Bunge Global SA is the world's largest oilseed processor and a leading grain merchandiser, founded in Amsterdam in 1818 and headquartered in St. Louis, Missouri. It reported $70.3 billion of net sales and $816 million of net income in 2025, has about 34,000 employees and is led by CEO Gregory A. Heckman.

How Bunge makes money: Bunge earns a spread, not a price. It buys oilseeds and grain from farmers and country elevators, moves them by truck, barge, rail and ship, and either sells them on to customers in other regions or crushes them.

Annual Revenue (FY2025)$70.3B
Employees34,000
CEOGregory A. Heckman
Founded1818
IndustryFood
By Swet ParvadiyaLast reviewed:

Bunge Global SA key figures

Bunge Global SA had revenue of $70.3B for fiscal year 2025, up 32.4% from FY2024. Net income was $816M, a net margin of 1.2%.

Source: Bunge Global SA 2025 Form 10-K · Last reviewed October 2026

Revenue growth, FY2016 to FY2025
+3.3% a year
Compound annual rate, $52.6B to $70.3B
Peak revenue year
FY2025
The latest annual year is the highest in this series
Revenue per employee
$2.1M
FY2025 revenue divided by 34,000 employees; headcount may use another date
Current chief executive
Gregory A. Heckman
In the role since 2019 (7 years)
Documented transactions
5
Between 1997 and 2026
Founded
1818
208 years ago
Where was Bunge founded?
Bunge was founded in Chesterfield, Missouri in 1818.
When did Bunge start?
Bunge was founded in 1818.
Who founded Bunge?
Bunge was founded by Johann Peter Gottlieb Bunge.
How old is Bunge?
Bunge is 208 years old as of 2026.
In-Depth Analysis
726 words · 4 min read

Bunge Global SA is the world's largest oilseed processor and, since its July 2025 merger with Viterra, one of the largest grain handlers. Founded in Amsterdam in 1818 and run today from St. Louis, Missouri, it reported $70.3 billion of net sales and $816 million of net income attributable to Bunge in 2025, with about 34,000 employees and more than 500 facilities and port terminals in over 50 countries.

How Does Bunge Make Money?

Bunge earns margins, not prices. It buys soybeans, canola, sunflower seed, wheat, corn and barley from farmers, then either sells the grain on to buyers in other regions or crushes the oilseeds into meal for animal feed and oil for food and renewable fuels. The crush margin, the difference between the cost of the seed and the value of its meal and oil, drives most of the profit. In 2025 Soybean Processing and Refining produced $36.3 billion of net sales, Grain Merchandising and Milling $18.1 billion, Softseed Processing and Refining $11.3 billion and Other Oilseeds $4.6 billion. Cost of goods sold took $66.9 billion, leaving a gross margin of 4.8 percent.

Who Founded Bunge and When?

Johann Peter Gottlieb Bunge founded Bunge & Co. in Amsterdam in 1818 as an import-export house. His grandson Edouard moved it to Antwerp in 1859, and Edouard's brother Ernest went to Argentina, where in 1884 he and the Born family started the grain business that became Bunge y Born. Bunge entered Brazil in 1905 and North America in 1918, refocused on agribusiness in the 1990s and listed on the New York Stock Exchange in 2001, after 183 years in private hands.

Who Runs Bunge?

Gregory A. Heckman has been CEO since April 2019, after joining the board in October 2018 under pressure from activist investors D.E. Shaw and Continental Grain and serving as acting CEO from January 2019. He previously ran The Gavilon Group. John Neppl is chief financial officer, Julio Garros has been sole chief operating officer since December 2025, and Mark Zenuk chairs the board.

What Did the Viterra Merger Change?

Bunge agreed to combine with Viterra in June 2023 and closed the deal on 2 July 2025 after approvals in Canada, the EU and China. Viterra's owners received about 65.6 million Bunge shares and about $2 billion in cash, and Bunge took on about $9.8 billion of Viterra debt. Glencore ended up with 16.4 percent of Bunge. Merchandised grain rose from 36.7 million metric tons in 2024 to 67.2 million in 2025, and cost synergies passed $70 million by year-end. Canada's approval required the sale of six Western Canadian elevators and at least ~$374 million (C$520 million) of investment in Canada within five years.

How Is Bunge Performing in 2026?

After a weak first quarter, with $68 million of net income, Bunge earned $678 million in the second quarter on about $24.0 billion of net sales as soybean and softseed crush results improved. It raised 2026 adjusted EPS guidance to $9.25 to $9.75, up from $7.50 to $8.00 in February. At its March 2026 Investor Day it set a mid-cycle EPS baseline of about $13 and a goal of at least $15 by the end of 2030, and authorized a $3 billion share buyback. In March it also closed the purchase of IFF's soy protein concentrate and lecithin businesses, and in September it agreed to sell two Brazilian sugar mills to COFCO International.

Who Are Bunge's Competitors?

Bunge's main rivals are the other 'ABCD' traders: ADM, which reported about $80.3 billion of 2025 revenue, privately held Cargill, with $164 billion in fiscal 2026, and Louis Dreyfus. COFCO International and Wilmar compete strongly in Asia. Bunge is more concentrated in oilseed crushing than ADM or Cargill, which makes its earnings more sensitive to crush margins and US biofuel policy.

What Are the Biggest Risks for Bunge?

Soybean and softseed processing produced about 77 percent of adjusted segment EBIT in 2025, so a sustained fall in crush margins would hit earnings hard. US Renewable Volume Obligations set much of the demand for soybean oil, trade disputes can redirect flows between the US, China and Brazil, and Bunge's Ukrainian assets remain exposed to the war; a Russian drone strike hit its Dnipro sunflower oil plant in January 2026. Higher debt after Viterra means net interest expense of $620 million to $660 million is expected for 2026.

Bunge Global SA Key Facts

CompanyBunge Global SA
Annual revenue change+32.4% (FY2024–FY2025)
Financials$70.3B (FY2025, last reviewed October 2026)
Market Cap$21.2B
FY2025 net income$816.0M
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded1818
Founder(s)Johann Peter Gottlieb Bunge
CEOGregory A. Heckman
HeadquartersSt. Louis, Missouri
IndustryAgricultural Commodities and Food Processing
Employees34,000+

Bunge Company Profile: Revenue, Business Model & Strategy

"Bunge Global SA crushed 41.0 million metric tons of soybeans and merchandised 67.2 million tons of grain in 2025, the first year to include Viterra. That scale produced $70.3 billion of net sales but only $816 million of net income attributable to Bunge, a reminder that the world's largest oilseed processor lives on a gross margin of under 5 percent."

Why Bunge Global SA Wins

Bunge wins on reach and flexibility. Its network spans the main export origins, Brazil, Argentina, the US, Canada and Australia, and the main destination markets in Europe and Asia, so it can source the same crop from different hemispheres as harvests rotate and switch routes when tariffs or freight costs change. Crushing plants near ports and consumers let it earn twice, on the grain trade and on processing. Viterra deepened the origination side, while specialty ingredients such as lecithin, soy protein concentrate and tropical oils, expanded with the IFF businesses bought in March 2026, add some higher-value, less cyclical sales.

Bunge Global SA operates in a competitive market alongside Archer-Daniels-Midland Company. Analysts frequently compare Bunge Global SA and Archer-Daniels-Midland Company due to their overlapping products, target markets, and strategic positioning. See full comparison →

Bunge Global SA is the world's largest oilseed processor and a leading grain merchandiser, founded in Amsterdam in 1818 and headquartered in St. Louis, Missouri. It reported $70.3 billion of net sales and $816 million of net income in 2025, has about 34,000 employees and is led by CEO Gregory A. Heckman.

Revenue

$70.3B

Founded

1818

Employees

34K+

Market Cap

$21.2B

Key Facts

  • Founded: Bunge Global SA was established in 1818 and is headquartered in St. Louis, Missouri.
  • Revenue: Bunge Global SA had $70.3B in annual revenue (FY2025).
  • Valuation: Market capitalization of approximately $21.2B.
  • Scale: Bunge Global SA employs 34,000 people globally.
  • Business Model: Bunge earns a spread, not a price.
  • Competitive Edge: Bunge's edge is physical reach at both ends of the chain.

How Bunge Makes Money

Capital Allocation & Scaling Mechanics

It buys oilseeds and grain from farmers and country elevators, moves them by truck, barge, rail and ship, and either sells them on to customers in other regions or crushes them. Crushing splits a soybean into about 80 percent protein meal, sold to animal feed makers, and 18 to 19 percent oil, sold to food companies and increasingly to renewable diesel and sustainable aviation fuel producers. Profit depends on the crush margin, the gap between the cost of the seed and the combined value of meal and oil, and on merchandising spreads across origins, seasons and freight routes. In 2025 cost of goods sold absorbed $66.9 billion of $70.3 billion of net sales, a gross margin of 4.8 percent, so volume and risk management matter more than pricing power. Four reportable segments carried the business in 2025: Soybean Processing and Refining ($36.3 billion of net sales), Grain Merchandising and Milling ($18.1 billion), Softseed Processing and Refining ($11.3 billion) and Other Oilseeds Processing and Refining ($4.6 billion), which Bunge renamed Tropical Oils and Specialty Ingredients in 2026.

What Is Bunge Global SA's Growth Strategy?

First, extract value from Viterra by connecting its grain handling in Canada, Australia, Argentina and Europe to Bunge's crushing, refining and destination sales; cost synergies passed $70 million by the end of 2025. Second, push further into specialty ingredients: the Morristown, Indiana soy protein concentrate plant came online in late 2025, and on 2 March 2026 Bunge closed the purchase of IFF's soy protein concentrate, lecithin and soy crush businesses, including the Response, Alpha, Procon and Solec brands. Third, supply lower-carbon feedstocks for renewable diesel and sustainable aviation fuel through its Chevron joint venture and its Repsol partnership. Capital spending is guided at $1.5 billion to $1.7 billion for 2026, alongside a $3 billion share repurchase authorization and a commitment to return at least half of discretionary cash flow to shareholders across the cycle.

How Much Revenue Does Bunge Generate?

Bunge reports enormous sales and thin profits. Net sales rose 32 percent to $70.3 billion in 2025 as Viterra was consolidated from July, but net income attributable to Bunge fell 28 percent to $816 million, or $4.93 per diluted share, after acquisition charges and mark-to-market timing effects. On the adjusted basis management uses, EPS was $7.57 against $9.19 in 2024, and adjusted total EBIT was flat at $2.03 billion. The year 2026 started weak and then improved: first-quarter net income was $68 million on $21.9 billion of sales, and the second quarter delivered $678 million, or $3.47 per share, on $24.0 billion. Bunge completed the $2 billion buyback tied to the Viterra deal in the second quarter, authorized a further $3 billion programme at its March 2026 Investor Day, and shareholders approved an annual dividend of $2.88 per share in May 2026. Guidance for 2026 adjusted EPS rose from $7.50 to $8.00 in February to $9.25 to $9.75 in July.

Financial MetricEstimated Value (2026)
Market Capitalization$21.2B
Employee Count34,000 +
Latest Annual Revenue$70.3B (FY2025)

Historical Revenue Chart

Bunge Global SA Annual Revenue History

All figures in USD.

Fiscal YearRevenue FigureYoY Change
FY2016$52.6BN/A
FY2017$45.8B-12.9%
FY2018$45.7B-0.1%
FY2019$41.1B-10.1%
FY2020$41.4B+0.6%
FY2021$59.2B+42.9%
FY2022$67.2B+13.7%
FY2023$59.5B-11.4%
FY2024$53.1B-10.8%
FY2025$70.3B+32.4%

The source for each year is listed on the Bunge Global SA financials page.

Core Strength

Bunge processed 41.0 million metric tons of soybeans and 10.8 million tons of softseeds in 2025, with plants near export ports in South America and near demand in Europe, Asia and North America.

Key Weakness

Gross margin was 4.8 percent in 2025 and the net margin about 1.2 percent. Net income attributable to Bunge fell from $2.24 billion in 2023 to $816 million in 2025 while net sales rose, showing how little of the top line Bunge keeps.

Who Are Bunge Global SA's Main Competitors?

Bunge competes with ADM, Cargill and Louis Dreyfus, and increasingly with China's state-backed COFCO International and Singapore's Wilmar in Asia. Cargill is far larger, reporting $164 billion of revenue in fiscal 2026, and is privately held, which lets it invest across cycles without quarterly scrutiny. ADM reported about $80.3 billion of 2025 revenue and has a nutrition business that smooths its earnings. Bunge is the most concentrated of the group in oilseed crushing, which hurt in 2024 as margins normalized and helped in 2026: second-quarter adjusted total EBIT more than doubled to $665 million, led by soybean and softseed processing. The Viterra merger narrowed the scale gap in grain handling, lifting merchandised grain volumes from 36.7 million tons in 2024 to 67.2 million in 2025. Bunge also ties its crush capacity to diesel and jet fuel demand through its joint venture with Chevron and its feedstock partnership with Repsol.

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What Is Bunge Global SA's Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

1818 - Bunge & Co. founded in Amsterdam

Johann Peter Gottlieb Bunge set up Bunge & Co. in Amsterdam as an import-export trading house, the business that still carries his name.

1859 - Edouard Bunge moves the firm to Antwerp

The founder's grandson Edouard Bunge relocated the company to Antwerp, Belgium, one of Europe's busiest ports for colonial and grain trade.

1884 - Bunge y Born launched in Argentina

Ernest Bunge and the Born family started a grain trading company in Buenos Aires as Argentina emerged as a major grain exporter. Bunge y Born grew into elevators, flour mills and export logistics.

1905 - Expansion into Brazil

Bunge extended its South American business into Brazil, which later became its most important origin for soybeans.

1918 - Trading begins in North America

Bunge started trading in North America, the world's largest agricultural market.

1997 - Ceval makes Bunge Brazil's top soy processor

After a 1993 to 1997 restructuring that refocused the group on agribusiness, Bunge acquired Ceval, the largest soybean processor in Brazil. Acquisitions and organic growth over the next seven years made it the largest soy processor in South America.

2001 - NYSE listing and a US headquarters

Bunge Limited listed on the New York Stock Exchange in August 2001 under the ticker BG and moved its headquarters from São Paulo to the New York area, ending 183 years of private ownership.

2002 - Cereol acquisition

Bunge bought 55 percent of French oilseed processor Cereol from Italy's Edison for ~$508 million (449.2 million euros) and then the publicly held shares. Cereol brought Central Soya in the US, leading oil brands in Europe and Canada's largest canola crushing capacity, making Bunge the world's largest soybean processor and bottled oil supplier.

2005 - First soybean plant in China

Bunge opened its first soybean processing plant in China, the world's largest soybean importer.

2010 - Entry into sugar and ethanol

Bunge entered the sugar business in Brazil, a diversification it later moved into a joint venture with BP in 2019 and exited in 2024.

2018 - Loders Croklaan and a bicentennial

Bunge completed its purchase of 70 percent of IOI Loders Croklaan, a specialty palm and tropical oils business, for $946 million, and marked 200 years since its founding.

2018 - Activist investors reshape the board

Shaw and Continental Grain, Bunge added three directors in October 2018, including Gregory Heckman. On 10 December 2018 it said CEO Soren Schroder would step down.

2019 - Gregory Heckman becomes CEO

Heckman was named acting CEO on 22 January 2019 and appointed chief executive in April 2019, starting a review of the portfolio and a shift to global value chains.

2019 - Headquarters move to St. Louis and BP sugar venture

Bunge moved its global headquarters from White Plains, New York, to the St. Louis area and combined its Brazilian sugar and bioenergy business with BP's in a 50/50 joint venture.

2021 - Chevron renewable feedstock venture announced

Bunge and Chevron announced a joint venture to supply soybean oil for renewable diesel and sustainable aviation fuel from Bunge's crushing plants in Destrehan, Louisiana, and Cairo, Illinois.

2023 - Added to the S&P 500

Bunge replaced Signature Bank in the S&P 500 effective 15 March 2023.

2023 - Viterra merger agreed

On 13 June 2023 Bunge agreed to combine with Viterra, the grain handler owned by Glencore, CPP Investments and British Columbia Investment Management, for Bunge shares and about $2 billion in cash.

2023 - Redomiciled to Switzerland

Bunge moved its place of incorporation from Bermuda to Switzerland in November 2023, becoming Bunge Global SA with a registered office in Geneva while keeping its headquarters in St.

2024 - Exit from sugar and bioenergy

On 1 October 2024 Bunge completed the sale of its 50 percent stake in BP Bunge Bioenergia to bp, a stake valued at about $1.4 billion in enterprise value.

2025 - Canada approves the Viterra deal with conditions

Canada's government approved the merger on 14 January 2025, requiring Bunge to sell six Western Canadian grain elevators, invest at least ~$374 million (C$520 million) in Canada within five years and keep a Canadian head office in Regina.

2025 - North American corn milling sold

Bunge completed the sale of its North American dry corn and corn masa milling business to flour miller Grain Craft on 1 July 2025.

2025 - Viterra merger completed

The Viterra merger closed on 2 July 2025 after China's approval. Glencore received about 32.8 million Bunge shares, 16.4 percent of the enlarged company, and about $900 million in cash.

2026 - IFF soy protein and lecithin businesses acquired

On 2 March 2026 Bunge closed its purchase of IFF's soy protein concentrate, lecithin and soy crush businesses, including the Response, Alpha, Procon and Solec brands.

2026 - Investor Day sets 2030 earnings target

At its 10 March 2026 Investor Day Bunge set a mid-cycle EPS baseline of about $13, a goal of at least $15 by the end of 2030 and a new $3 billion share repurchase programme.

2026 - Guidance raised after a strong second quarter

Bunge reported second-quarter net income of $678 million on 29 July 2026, completed its $2 billion Viterra-related buyback and raised 2026 adjusted EPS guidance to $9.25 to $9.75.

2026 - Sugar mills to be sold to COFCO International

On 1 September 2026 Bunge agreed to sell the Rio Vermelho and Nova Unialco sugarcane mills in São Paulo state, inherited from Viterra, to COFCO International, subject to regulatory approval.

Risks & Weaknesses

Analytical Assessment

Primary Risk Factor

The biggest risk is a sustained squeeze on crush margins, because soybean and softseed processing produced $1.9 billion of Bunge's $2.46 billion of adjusted segment EBIT in 2025. US biofuel policy is the main lever on soybean oil demand, so a weaker-than-expected Renewable Volume Obligation from the EPA would hit earnings directly. Leverage has also risen with Viterra: Bunge expects net interest expense of $620 million to $660 million in 2026 while it returns cash to shareholders through a $3 billion buyback authorization.

Risk assessment based on public filings, SWOT analysis, and verified industry data. Not financial advice.

How Did Bunge Start and Grow?

Established

1818

Fiscal Revenue (FY2025)

$70.3B

Workforce

34K+

HQ Location

St. Louis, Missouri

Key Turning Point

: The Strategic Shift That Created a Behemoth

Bunge closed the Viterra merger on 2 July 2025, a day after selling its North American corn milling business to Grain Craft. It then sold Viterra's Hungarian and part of its Polish business, and in September 2026 agreed to sell two former Viterra sugar mills in Brazil to COFCO International.

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Frequently Asked Questions About Bunge

What does Bunge do?

Bunge Global SA buys oilseeds and grain from farmers, stores and ships them, and crushes oilseeds into meal for animal feed and oil for food and renewable fuels. It is the world's largest oilseed processor, processing 41.0 million metric tons of soybeans and 10.8 million tons of softseeds in 2025, and merchandised 67.2 million tons of grain that year.

How does Bunge make money?

From margins rather than prices. It earns the crush margin, the gap between the cost of a seed and the value of its meal and oil, and merchandising spreads across origins, seasons and freight routes. In 2025 Soybean Processing and Refining brought in $36.3 billion of net sales, Grain Merchandising and Milling $18.1 billion, Softseed Processing and Refining $11.3 billion and Other Oilseeds $4.6 billion.

Who owns Bunge?

Bunge is a public company listed on the New York Stock Exchange as BG, and no single shareholder controls it. When the Viterra merger closed on 2 July 2025, Glencore received about 32.8 million Bunge shares, 16.4 percent of the enlarged company, plus about $900 million in cash, and agreed not to sell for 12 months and to sell only in orderly sales afterwards.

Who is the CEO of Bunge?

Gregory A. Heckman, who joined the board in October 2018, became acting CEO on 22 January 2019 and was appointed chief executive in April 2019. He previously ran The Gavilon Group from 2008 to 2015. John Neppl has been CFO since May 2019, Julio Garros has been chief operating officer since December 2025, and Mark Zenuk chairs the board.

What was Bunge's revenue in 2025?

Net sales were $70.3 billion in 2025, up 32 percent from $53.1 billion in 2024, mainly because Viterra was consolidated from July. Net income attributable to Bunge was $816 million, or $4.93 per diluted share; adjusted EPS was $7.57.

What was the Bunge-Viterra merger?

Bunge agreed on 13 June 2023 to combine with Viterra, a grain handler owned by Glencore, CPP Investments and British Columbia Investment Management. Viterra's owners received about 65.6 million Bunge shares, worth about $6.2 billion at announcement, and about $2 billion in cash, and Bunge took on about $9.8 billion of Viterra debt. The deal closed on 2 July 2025 after approvals in Canada, the EU and China.

Who are Bunge's competitors?

Its main rivals are the other 'ABCD' traders, ADM, Cargill and Louis Dreyfus, plus COFCO International and Wilmar. Cargill reported $164 billion of revenue in fiscal 2026 and ADM about $80.3 billion in 2025, against Bunge's $70.3 billion.

Where is Bunge headquartered?

Bunge's corporate headquarters has been in the St. Louis, Missouri area since 2019, after moving from White Plains, New York. Its registered office is in Geneva, Switzerland, following its November 2023 move of incorporation from Bermuda.

How is Bunge doing in 2026?

Better than it first expected. First-quarter net income was $68 million on $21.9 billion of net sales, then second-quarter net income rose to $678 million, or $3.47 per share, on about $24.0 billion. Bunge raised its 2026 adjusted EPS guidance from $7.50-$8.00 in February to $9.25-$9.75 in July.

Does Bunge pay a dividend?

Yes. Shareholders approved a dividend of $2.88 per share at the 20 May 2026 annual general meeting, paid in four quarterly installments of $0.72. Bunge also completed a $2 billion buyback tied to the Viterra deal in the second quarter of 2026 and has a further $3 billion repurchase authorization.

Analysis: How Bunge Global SA Makes Money

Deep dive into the Bunge Global SA business model, revenue streams, and strategic moats in 2026.

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

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