Filing Flows › AMN Healthcare Services (AMN) › Q3 2026
AMN Healthcare Services (AMN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
AMN Healthcare Services (AMN) reported revenue of $717M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +7% from the quarter before. Operating margin was 7.0%, net earnings $33.4M (4.7% of revenue).
AMN Healthcare Services, Q3 2026: revenue $717M (+13% year over year), operating margin 7.0%, net earnings $33.4M, operating cash flow −$87.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $717M | +7% | +13% |
| Gross profit | $229M | +11% | +24% |
| Operating profit | $50.5M | +88% | +6% |
| Net earnings | $33.4M | +58% | +14% |
| Operating cash flow | −$87.5M | — | -486% |
What changed
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.
Questions
What was AMN Healthcare Services' revenue in the third quarter 2026?
AMN Healthcare Services (AMN) reported revenue of $717M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +7% from the quarter before.
Was AMN Healthcare Services profitable in the third quarter 2026?
Operating profit was $50.5M (7.0% of revenue) and net earnings $33.4M.