Filing Flows › Agree Realty (ADC) › Q3 2026 › vs Q3 2025
Agree Realty (ADC) Q3 2026 vs Q3 2025 (year over year)
Agree Realty's revenue rose $30.7M (+17%) from $183M in Q3 2025 to $214M in Q3 2026. Operating margin 51.2% against 47.6% (+3.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 51.2% | 47.6% | +3.6 pts |
| Net margin | 32.0% | 28.5% | +3.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $214M | $183M | $30.7M | +17% |
| Operating profit | $110M | $87.3M | $22.3M | +26% |
| Costs & expenses | $104M | $96.0M | $8.3M | +9% |
| Pre-tax earnings | $68.9M | $52.5M | $16.4M | +31% |
| Other expense, net | $40.7M | $34.8M | $5.9M | +17% |
| General & admin | $12.4M | $10.9M | $1.5M | +14% |
| Other operating costs | $91.9M | $85.1M | $6.8M | +8% |
| Net earnings | $68.5M | $52.3M | $16.3M | +31% |
| Income tax | $375K | $225K | $150K | +67% |
| Depreciation & amortization | $71.9M | $61.2M | $10.7M | +18% |
| Share-based compensation | $3.6M | $3.3M | $344K | +10% |
| Working capital & other | $40.5M | $29.8M | $10.7M | +36% |
| Operating cash flow | $185M | $147M | $38.1M | +26% |
Questions
How much did Agree Realty's revenue grow year over year in Q3 2026?
Agree Realty's revenue rose $30.7M (+17%) from $183M in Q3 2025 to $214M in Q3 2026. Operating margin 51.2% against 47.6% (+3.6 pts).