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How Axalta Coating Systems (AXTA) makes money

Axalta Coating Systems (AXTA) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Performance Coatings brought in $818M (62%); Mobility Coatings brought in $493M (38%). Of every dollar of revenue, 13¢ was left as operating profit, 7¢ was left as net earnings.

Drawing the Sankey…

Axalta Coating Systems revenue by segment, Q3 2026Axalta Coating Systems revenue by segment, Q3 2026Performance Coatings$818MMobility Coatings$493M
Axalta Coating Systems: revenue by line, Q1 2025 to Q3 2026Axalta Coating Systems: revenue by line, Q1 2025 to Q3 2026Performance CoatingsMobility CoatingsPerformance Coatings: $818M latest$818MMobility Coatings: $493M latest$493MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Performance Coatings went from 65% of revenue in Q1 2025 to 62% in Q3 2026, the largest shift in the mix.
Axalta Coating Systems revenue by quarterAxalta Coating Systems revenue by quarter$1.3BQ1 2025$1.3BQ2 2025$1.3BQ3 2025$1.3BQ4 2025$1.3BQ1 2026$1.3BQ2 2026$1.3BQ3 2026
Axalta Coating Systems: where each dollar of revenue goesAxalta Coating Systems: where each dollar of revenue goesOperating profit13¢Income tax3¢Net earnings7¢Operating cash flow10¢Free cash flow7¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Performance Coatings$818M62.4%-6%-1%
Mobility Coatings$493M37.6%+4%+7%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.3B100.0%
Operating profit$165M12.6%
Income tax$33.0M2.5%
Net earnings$95.0M7.2%
Operating cash flow$135M10.3%
Free cash flow$92.0M7.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.3B+2%
Q2 2026$1.3B+3%
Q1 2026$1.3B-0.6%
Q4 2025$1.3B-4%
Q3 2025$1.3B-2%
Q2 2025$1.3B-3%
Q1 2025$1.3B-2%

From Axalta Coating Systems' 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Axalta Coating Systems make money?

Axalta Coating Systems (AXTA) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Performance Coatings brought in $818M (62%); Mobility Coatings brought in $493M (38%). Of every dollar of revenue, 13¢ was left as operating profit, 7¢ was left as net earnings.

What is Axalta Coating Systems' biggest business?

Performance Coatings: $818M in the third quarter 2026, 62% of revenue, -1% from a year earlier.

What is Axalta Coating Systems' profit margin?

Net earnings were $95.0M, 7.2% of revenue, in the third quarter 2026; the operating margin was 12.6%.

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