This study profiles the financial status and performance for U.S. dairy cooperatives in 2012. Consolidated financial statements for 89 dairy cooperatives are presented. Dairy cooperatives were categorized into groups based on their primary function and according to size (volume of milk handled). Balance sheets and operating statements were presented on a per-hundredweight (cwt) of milk basis by operating type and by size category. Dairy cooperatives employed $10.90 per cwt in assets to market member milk. Net margins before tax were 19 cents per cwt of total milk handled, which represented an 8.4-percent return on member equity.