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Allison Transmission Holdings (ALSN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Allison Transmission Holdings (ALSN) Q3 2026 earnings results →

Q3 2026 Revenue up 121% year over year to $1.5B · 12¢ of every $1 of revenue kept as net profit · operating margin 19.8%

Allison Transmission Holdings made $1.5B in Q3 2026 (+121% Y/Y): Allison Transmission $881M, Allison Off-Highway $653M. Operating margin 19.8%, net earnings $191M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$1.5B
Year over year+121%
Operating margin19.8%
Net earnings$191M
Operating cash flow$343M

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Allison Transmission Holdings Q3 2026 revenue breakdown: Sankey diagram of revenue (Allison Transmission, Allison Off-Highway), costs, profit and cash flow
Allison Transmission Holdings Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.5B in Q3 2026, up 121% year over year and down 2% from the previous quarter. Allison Transmission was the largest line at 57% of revenue. Allison Transmission added $0.19B year over year (up 27%), 22% of the total change.

Gross margin was 32.9%, down 14.7 points from Q3 2025. Operating profit was $0.30B, a 19.8% margin (down 9.6 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, below the 29% margin then. Operating expenses grew 60% against revenue growth of 121%. The fastest-growing cost line was SG&A (+71%). Net earnings were $0.19B, up 39% year over year. The effective tax rate was 19.7%.

Operating cash flow was $0.34B (up 50% year over year), 180% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.07B left free cash flow of $0.28B.

Quarterly history

Allison Transmission Holdings revenue by quarterAllison Transmission Holdings revenue by quarter$766MQ1 2025$814MQ2 2025$693MQ3 2025$737MQ4 2025$1.4BQ1 2026$1.6BQ2 2026$1.5BQ3 2026
Allison Transmission Holdings net earnings by quarterAllison Transmission Holdings net earnings by quarter$192MQ1 2025$195MQ2 2025$137MQ3 2025$99.0MQ4 2025$112MQ1 2026$181MQ2 2026$191MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$1.5B+121%19.8%$191M$343M
Q2 202610-QAug 5, 2026$1.6B+92%18.6%$181M$312M
Q1 202610-QMay 7, 2026$1.4B+84%13.9%$112M$156M
Q4 202510-KFeb 24, 2026$737M-7%23.2%$99.0M$243M
Q3 202510-QOct 30, 2025$693M-16%29.4%$137M$228M
Q2 202510-QAug 5, 2025$814M-0.2%31.4%$195M$184M
Q1 202510-QMay 2, 2025$766M-3%32.5%$192M$181M

Charts

Allison Transmission Holdings: revenue growth, year over year and quarter over quarterAllison Transmission Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-3%Q1 20250%+6%Q2 2025-16%-15%Q3 2025-7%+6%Q4 2025+84%+91%Q1 2026+92%+11%Q2 2026+121%-2%Q3 2026
Latest (Q3 2026): Y/Y +121%, Q/Q -2%.
Allison Transmission Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Allison Transmission Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$2.5BNet borrowing (+) / repaid (−)$1.6BOperating cash flow$1.1BCash drawn (+) / kept (−)$405MCapital spending−$223MBuybacks−$169MDividends−$94.0MOther financing−$26.0MTaxes on employees’ shares−$15.0MShares issued$14.0MExchange rates−$3.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Allison Transmission Holdings: profit against cash, quarter by quarterAllison Transmission Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow$175M$211MQ4 2024$192M$181MQ1 2025$195M$184MQ2 2025$137M$228MQ3 2025$99.0M$243MQ4 2025$112M$156MQ1 2026$181M$312MQ2 2026$191M$343MQ3 2026
Latest (Q3 2026): Net income $191M, Operating cash flow $343M.
Allison Transmission Holdings: diluted shares by fiscal yearAllison Transmission Holdings: diluted shares by fiscal year114MFY2020107MFY202196MFY202291MFY202388MFY202485MFY2025
-25.4% since FY2020: buybacks shrank the count.
Allison Transmission Holdings: long-term debt falling due (FY2025)Allison Transmission Holdings: long-term debt falling due (FY2025)$5.0M2026$405M2027$5.0M2028$505M2029$5.0M2030
Cash $1.5B, short-term investments —, long-term debt $2.9B at 2025-12-31.
Allison Transmission Holdings in its industry: growth against margin (35 companies, SIC 3714)Allison Transmission Holdings in its industry: growth against margin (35 companies, SIC 3714)revenue growth, year over year →↑ operating marginmedian +2%median 4%LEAADNTBWAAPTVDCHALVVGNTDANMODLCIIPATKVCGTXPHINCPSGNTXDORMATMUSMPTHRMPlatinum SpinCo, Inc.CVGIMPAASRISTRTHLLYAEVAWKSPXOSAZIOLIDROMTKECXJATVKALSN (+121%, 20%)
Motor Vehicle Parts & Accessories; dot size is quarterly revenue; dashed lines are the industry's medians.

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Customers and suppliers named in filings

Sells to

About Allison Transmission Holdings

Allison Transmission Holdings, Inc. and its subsidiaries (“Allison,” “we,” “us” or “our”) is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. The business was founded in 1915 and has been headquartered in Indianapolis, Indiana since inception. Allison is traded on the New York Stock Exchange under the symbol “ALSN”. We have a global presence by serving customers in North America, Asia, Europe, South America, and Africa, with approximately 76% of our revenues being generated in North America in 2025. We serve customers through an independent network of approximately 1,500 independent distributor and dealer locations worldwide as of December 31, 2025.

In its own words, from its 10-K, filed Feb 24, 2026.

Allison Transmission Holdings against its Motor Vehicle Parts & Accessories peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +121% against the peers' median +2%. Operating margin: 19.8% against the peers' median 7.6%.

CompanyQuarterRevenueY/YOp. margin
ALSN Allison Transmission HoldingsQ3 2026$1.5B+121%19.8%
LEA LearQ3 2026$5.8B+2%3.4%
ADNT AdientQ4 FY26$3.7B+1%-0.1%
BWA BorgwarnerQ3 2026$3.5B-3%8.7%
APTV AptivQ3 2026$3.2B+2%8.8%
DCH DauchQ3 2026$2.9B+93%2.5%
ALV AutolivQ3 2026$2.7B-0.5%9.4%
VGNT VersigentQ3 2026$2.5B+7%7.6%
DAN DanaQ3 2026$2.0B+6%4.5%

Source: Allison Transmission Holdings 10-Q on SEC EDGAR · CIK 1411207 · Motor Vehicle Parts & Accessories

Guidance and outlook

Allison Transmission Holdings Revenue: guidance against what was reportedAllison Transmission Holdings Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$3.2BFY2025$3.0BFY2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Allison Transmission Holdings: what its forward-looking statements are about (10-Q filed 2026-11-04)Allison Transmission Holdings: what its forward-looking statements are about (10-Q filed 2026-11-04)Demand1Costs1Financing1The economy1Other1
5 statements; tone +0.20 (−1 all cautious, +1 all confident); 0 hedged.
Allison Transmission Holdings: outlook statements against the filing beforeAllison Transmission Holdings: outlook statements against the filing beforeConfident1

13F: who owns ALSN and who is buying

Largest holders of ALSN (13F)Largest holders of ALSN (13F)FMR LLC$1.4BVanguard Group$838MVanguard Portfolio Management LLC$449MBlackRock$448MVanguard Capital Management LLC$422MBoston Partners$358MFuller & Thaler Asset Management$296MGeode Capital Management, LLC$229MRenaissance Technologies LLC$219MDimensional Fund Advisors LP$216M
Funds' net buying of ALSN by quarter (13F)Funds' net buying of ALSN by quarter (13F)$214M2024-09−$226M2024-12−$65.9M2025-03$179M2025-06$34.2M2025-09$442M2025-12−$184M2026-03$25.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ALSN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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