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How Aramark (ARMK) makes money

Aramark (ARMK) made $5.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier. FSS United States brought in $3.5B (69%); FSS International brought in $1.6B (31%). Of every dollar of revenue, 4¢ was left as operating profit, 2¢ was left as net earnings.

Drawing the Sankey…

Aramark revenue by segment, Q3 FY26Aramark revenue by segment, Q3 FY26FSS United States$3.5BFSS International$1.6B
Aramark: revenue by line, Q4 FY24 to Q3 FY26Aramark: revenue by line, Q4 FY24 to Q3 FY26FSS United StatesFSS InternationalFSS United States: $3.5B latest$3.5BFSS International: $1.6B latest$1.6BQ4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
FSS United States went from 72% of revenue in Q4 FY24 to 69% in Q3 FY26, the largest shift in the mix.
Aramark revenue by quarterAramark revenue by quarter$4.4BQ4 FY24$4.3BQ2 FY25$4.6BQ3 FY25$5.0BQ4 FY25$4.8BQ1 FY26$4.9BQ2 FY26$5.1BQ3 FY26
Aramark: where each dollar of revenue goesAramark: where each dollar of revenue goesOperating profit4¢Income tax1¢Net earnings2¢Operating cash flow2¢Free cash flow0¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
FSS United States$3.5B69.1%+2%+8%
FSS International$1.6B30.9%+6%+13%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$5.1B100.0%
Operating profit$216M4.3%
Income tax$37.9M0.7%
Net earnings$97.8M1.9%
Operating cash flow$117M2.3%
Free cash flow$8.7M0.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$5.1B+9%
Q2 FY26$4.9B+15%
Q1 FY26$4.8B+6%
Q4 FY25$5.0B+14%
Q3 FY25$4.6B+6%
Q2 FY25$4.3B+2%
Q4 FY24$4.4B+5%

From Aramark's 10-Q filed Aug 11, 2026 (on EDGAR).

Questions

How does Aramark make money?

Aramark (ARMK) made $5.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier. FSS United States brought in $3.5B (69%); FSS International brought in $1.6B (31%). Of every dollar of revenue, 4¢ was left as operating profit, 2¢ was left as net earnings.

What is Aramark's biggest business?

FSS United States: $3.5B in the third quarter fiscal 2026, 69% of revenue, +8% from a year earlier.

What is Aramark's profit margin?

Net earnings were $97.8M, 1.9% of revenue, in the third quarter fiscal 2026; the operating margin was 4.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.