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AMN Healthcare Services (AMN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · AMN Healthcare Services (AMN) Q3 2026 earnings results →
Q3 2026 Revenue up 13% year over year to $717M · 5¢ of every $1 of revenue kept as net profit · operating margin 7.0%
AMN Healthcare Services made $717M in Q3 2026 (+13% Y/Y): Temporary staffing $618M, International nurse $40.4M, International nurse staffing $37.8M. Operating margin 7.0%, net earnings $33.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $717.3M in Q3 2026, up 13% year over year and up 7% from the previous quarter. Travel nurse staffing was the largest line at 32% of revenue. Labor disruption services added $46.6M year over year (up 374%), 56% of the total change. Vendor management systems declined 11%.
Gross margin was 31.9%, up 2.9 points from Q3 2025. Operating profit was $50.5M, a 7.0% margin (down 0.5 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 8% margin then. Operating expenses grew 31% against revenue growth of 13%. Net earnings were $33.4M, up 14% year over year. The effective tax rate was 22.7%.
Operating cash flow was −$87.5M. Non-cash charges added back $31.8M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items used $161.3M. Capital expenditures of $9.8M exceeded it, leaving free cash flow of −$97.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $717M | +13% | 7.0% | $33.4M | −$87.5M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $673M | +2% | 4.0% | $21.2M | −$190M |
| Q1 2026 | 10-Q | May 8, 2026 | $1.4B | +100% | 8.5% | $62.2M | $562M |
| Q4 2025 | 10-K | Feb 20, 2026 | $748M | +2% | 1.1% | −$7.7M | $75.6M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $634M | -8% | 7.5% | $29.3M | $22.7M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $658M | -11% | -18.8% | −$116M | $78.5M |
| Q1 2025 | 10-Q | May 9, 2025 | $690M | -16% | 1.8% | −$1.1M | $92.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About AMN Healthcare Services
AMN Healthcare empowers the future of care through one of the nation’s broadest network of highly-qualified healthcare professionals. As the leader and innovator in total talent solutions for the healthcare sector in the United States, we tailor our solutions to our clients’ workforce challenges and goals, and provide staffing, talent optimization strategies, and technology solutions to support caregivers and patient care. We are passionate about all aspects of our mission to: Our solutions enable our clients to build a quality, cost effective workforce, increase efficiency, and elevate the patient experience. Our comprehensive suite of talent solutions provides management, staffing, recruitment, language services, technology and related services to build and manage all or part of our clients’ healthcare workforce needs.
In its own words, from its 10-K, filed Feb 20, 2026.
AMN Healthcare Services against its Services-Help Supply Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +2%. Operating margin: 7.0% against the peers' median 2.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AMN AMN Healthcare Services | Q3 2026 | $717M | +13% | 7.0% |
| MAN ManpowerGroup | Q3 2026 | $4.8B | +4% | 1.7% |
| NSP Insperity | Q3 2026 | $1.7B | +2% | -0.1% |
| RHI Robert Half | Q3 2026 | $1.4B | +0.4% | 5.5% |
| EFOR Everforth | Q3 2026 | $1.0B | +2% | 5.5% |
| KELYA Kelly Services | Q3 2026 | $927M | -0.8% | 0.1% |
| TBI TrueBlue | Q3 2026 | $521M | +21% | 2.3% |
| TTEC Ttec Holdings | Q2 2026 | $455M | -11% | 2.4% |
| KFRC Kforce | Q3 2026 | $358M | +8% | 6.3% |
Source: AMN Healthcare Services 10-Q on SEC EDGAR · CIK 1142750 · Services-Help Supply Services
Guidance and outlook
13F: who owns AMN and who is buying
More on AMN
- How AMN Healthcare Services makes money: revenue by segment
- AMN Healthcare Services next earnings date and what analysts expect
- AMN Healthcare Services stock forecast, price target and fair value
- Who owns AMN Healthcare Services stock: holders, funds and Congress trades
- AMN Healthcare Services guidance and outlook
- Is AMN Healthcare Services a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- AMN Healthcare Services guidance history: guided vs reported
- AMN Healthcare Services gross margin by quarter
- AMN Healthcare Services operating margin by quarter
- AMN Healthcare Services net income by quarter
- AMN Healthcare Services free cash flow by quarter
- AMN Healthcare Services capital expenditures by quarter
- AMN Healthcare Services Temporary staffing revenue by quarter
- AMN Healthcare Services International nurse revenue by quarter
- AMN Healthcare Services International nurse staffing revenue by quarter