Filing Flows › Agree Realty (ADC) › Q3 2026 › vs Q2 2026
Agree Realty (ADC) Q3 2026 vs Q2 2026 (quarter over quarter)
Agree Realty's revenue rose $8.8M (+4%) from $205M in Q2 2026 to $214M in Q3 2026. Operating margin 51.2% against 46.5% (+4.8 pts).
Agree Realty, Q3 2026: revenue $214M (+17% year over year), operating margin 51.2%, net earnings $68.5M, operating cash flow $185M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 51.2% | 46.5% | +4.8 pts |
| Net margin | 32.0% | 26.7% | +5.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $214M | $205M | $8.8M | +4% |
| Operating profit | $110M | $95.3M | $14.3M | +15% |
| Costs & expenses | $104M | $110M | −$5.5M | -5% |
| Pre-tax earnings | $68.9M | $55.2M | $13.7M | +25% |
| Other expense, net | $40.7M | $40.1M | $531K | +1% |
| General & admin | $12.4M | $12.0M | $434K | +4% |
| Other operating costs | $91.9M | $97.8M | −$5.9M | -6% |
| Net earnings | $68.5M | $54.8M | $13.7M | +25% |
| Income tax | $375K | $375K | $0 | 0% |
| Depreciation & amortization | $71.9M | $69.1M | $2.8M | +4% |
| Share-based compensation | $3.6M | $3.8M | −$125K | -3% |
| Working capital & other | $40.5M | $3.3M | $37.2M | 12× |
| Operating cash flow | $185M | $131M | $53.6M | +41% |
Questions
How much did Agree Realty's revenue grow quarter over quarter in Q3 2026?
Agree Realty's revenue rose $8.8M (+4%) from $205M in Q2 2026 to $214M in Q3 2026. Operating margin 51.2% against 46.5% (+4.8 pts).