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Axalta Coating Systems (AXTA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Axalta Coating Systems (AXTA) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $1.3B · 7¢ of every $1 of revenue kept as net profit · operating margin 12.6%
Axalta Coating Systems made $1.3B in Q3 2026 (+2% Y/Y): Performance Coatings $818M, Mobility Coatings $493M. Operating margin 12.6%, net earnings $95.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 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 $1.3B in Q3 2026, up 2% year over year and down 3% from the previous quarter. Performance Coatings was the largest line at 62% of revenue. Mobility Coatings added $0.03B year over year (up 7%), 143% of the total change. Performance Coatings declined 1%.
Operating profit was $0.17B, a 12.6% margin (down 3.3 points year over year). Operating profit fell $0.04B even though revenue rose $0.02B versus Q3 2025, so costs grew faster than sales. Total costs grew 6% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+61%). Net earnings were $0.10B, down 14% year over year. The effective tax rate was 25.8%.
Operating cash flow was $0.14B (down 1% year over year), 142% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. After purchase of property, plant and equipment, net ($0.04B), free cash flow as the company reports it was $0.09B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $1.3B | +2% | 12.6% | $95.0M | $135M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $1.3B | +3% | 12.4% | $89.0M | $152M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $1.3B | -0.6% | 11.6% | $91.0M | $68.0M |
| Q4 2025 | 10-K | Feb 13, 2026 | $1.3B | -4% | 12.8% | $60.0M | $344M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $1.3B | -2% | 15.8% | $110M | $137M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $1.3B | -3% | 14.8% | $110M | $142M |
| Q1 2025 | 10-Q | May 7, 2025 | $1.3B | -2% | 13.9% | $99.0M | $26.0M |
Charts
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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 Axalta Coating Systems
Axalta Coating Systems Ltd. (“Axalta,” the “Company,” “we,” “our” and “us”), a Bermuda exempted holding company incorporated in 2012, is a leading global manufacturer, marketer and distributor of high-performance coatings systems and products. We have over a 150-year heritage in the coatings industry and are known for manufacturing high-quality products with well-recognized brands supported by market-leading technology and customer service. Over the course of our history we have remained at the forefront of our industry by continually developing innovative coatings technologies and services designed to enhance the performance, appearance and sustainability attributes of our customers’ products, while improving their productivity and profitability.
In its own words, from its 10-K, filed Feb 13, 2026.
Axalta Coating Systems against its Paints, Varnishes, Lacquers, Enamels & Allied Prods peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +5%. Operating margin: 12.6% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AXTA Axalta Coating Systems | Q3 2026 | $1.3B | +2% | 12.6% |
| PPG PPG Industries | Q3 2026 | $4.4B | +7% | 17.4% |
| RPM RPM International | Q1 FY27 | $2.2B | +5% | 15.2% |
Source: Axalta Coating Systems 10-Q on SEC EDGAR · CIK 1616862 · Paints, Varnishes, Lacquers, Enamels & Allied Prods
Guidance and outlook
More on AXTA
- How Axalta Coating Systems makes money: revenue by segment
- Axalta Coating Systems next earnings date and what analysts expect
- Axalta Coating Systems stock forecast, price target and fair value
- Axalta Coating Systems guidance and outlook
- Is Axalta Coating Systems a takeover target? LBO and rumors
- Axalta Coating Systems recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Axalta Coating Systems guidance history: guided vs reported
- Axalta Coating Systems operating margin by quarter
- Axalta Coating Systems net income by quarter
- Axalta Coating Systems free cash flow by quarter
- Axalta Coating Systems R&D spending by quarter
- Axalta Coating Systems capital expenditures by quarter
- Axalta Coating Systems Performance Coatings revenue by quarter
- Axalta Coating Systems Mobility Coatings revenue by quarter