Filing Flows › First Majestic Silver (AG) › Q3 2026 › vs Q3 2025
First Majestic Silver (AG) Q3 2026 vs Q3 2025 (year over year)
First Majestic Silver's revenue rose $109M (+38%) from $285M in Q3 2025 to $394M in Q3 2026. Operating margin 38.6% against 15.1% (+23.6 pts).
First Majestic Silver, Q3 2026: revenue $394M (+38% year over year), operating margin 38.6%, net earnings $74.5M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 38.6% | 15.1% | +23.6 pts |
| Net margin | 18.9% | 9.5% | +9.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $394M | $285M | $109M | +38% |
| Other income, net | $9.7M | $0 | $9.7M | — |
| Operating profit | $152M | $43.0M | $109M | +254% |
| Costs & expenses | $242M | $242M | −$278K | -0.1% |
| Pre-tax earnings | $162M | $43.0M | $119M | +277% |
| Cost of revenue | $167M | $131M | $36.1M | +28% |
| General & admin | $9.5M | $10.6M | −$1.2M | -11% |
| Other operating costs | $65.1M | $100M | −$35.2M | -35% |
| Net earnings | $74.5M | $27.0M | $47.5M | +176% |
| Minority interests | $12.1M | $16.0M | −$3.9M | -24% |
| Income tax | $75.4M | $0 | $75.4M | — |
Questions
How much did First Majestic Silver's revenue grow year over year in Q3 2026?
First Majestic Silver's revenue rose $109M (+38%) from $285M in Q3 2025 to $394M in Q3 2026. Operating margin 38.6% against 15.1% (+23.6 pts).