Filing Flows › Avery Dennison (AVY) › How it makes money
How Avery Dennison (AVY) makes money
Avery Dennison (AVY) made $2.3B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 28¢ was left as gross profit, 10¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.3B | 100.0% |
| Cost of revenue | $1.7B | 71.9% |
| Gross profit | $655M | 28.1% |
| Operating expenses | $414M | 17.7% |
| Operating profit | $241M | 10.3% |
| Income tax | $71.5M | 3.1% |
| Net earnings | $170M | 7.3% |
| Operating cash flow | $299M | 12.8% |
| Free cash flow | $246M | 10.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.3B | +5% |
| Q2 2026 | $2.5B | +11% |
| Q1 2026 | $2.3B | +7% |
| Q4 2025 | $2.3B | +4% |
| Q3 2025 | $2.2B | +2% |
| Q2 2025 | $2.2B | -0.7% |
| Q1 2025 | $2.1B | -0.1% |
From Avery Dennison's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Avery Dennison make money?
Avery Dennison (AVY) made $2.3B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 28¢ was left as gross profit, 10¢ was left as operating profit, 7¢ was left as net earnings.
What is Avery Dennison's profit margin?
Net earnings were $170M, 7.3% of revenue, in the third quarter 2026; the operating margin was 10.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.