Filing Flows › APi Group (APG) › Q3 2026
APi Group (APG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
APi Group (APG) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +22% from a year earlier and +13% from the quarter before. Operating margin was 7.9%, net earnings $114M (4.5% of revenue).
APi Group, Q3 2026: revenue $2.6B (+22% year over year), operating margin 7.9%, net earnings $114M, operating cash flow $225M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +13% | +22% |
| Gross profit | $770M | +10% | +18% |
| Operating profit | $202M | +15% | +24% |
| Net earnings | $114M | +15% | +23% |
| Operating cash flow | $225M | +171% | -3% |
| Free cash flow | $198M | +281% | -1% |
What changed
Revenue was $2.6B in Q3 2026, up 22% year over year and up 13% from the previous quarter. Life Safety was the largest line at 65% of revenue. Life Safety added $0.26B year over year (up 18%), 55% of the total change.
Gross margin was 30.1%, down 1.1 points from Q3 2025. Operating profit was $0.20B, a 7.9% margin (up 0.1 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, above the 8% margin then. Operating expenses grew 16% against revenue growth of 22%. Net earnings were $0.11B, up 23% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.23B (down 3% year over year), 197% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.03B left free cash flow of $0.20B.
Questions
What was APi Group's revenue in the third quarter 2026?
APi Group (APG) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +22% from a year earlier and +13% from the quarter before.
Was APi Group profitable in the third quarter 2026?
Operating profit was $202M (7.9% of revenue) and net earnings $114M.
Source: APi Group 10-Q on SEC EDGAR.