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Popular (BPOP) earnings and revenue breakdown

Latest: Q1 2026 · 10-Q filed May 8, 2026 · Popular (BPOP) Q1 2026 earnings results →

Q1 2026 Revenue up 10% year over year to $836M · 29¢ of every $1 of revenue kept as net profit · operating margin 35.0%

Popular made $836M in Q1 2026 (+10% Y/Y). Operating margin 35.0%, net earnings $246M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 8, 2026.

Revenue$836M

Year over year+10%

Operating margin35.0%

Net earnings$246M

Operating cash flow$192M

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 $835.8M in Q1 2026, up 10% year over year and up 1% from the previous quarter.

Operating profit was $292.6M, a 35.0% margin (up 5.6 points year over year). Of the extra revenue versus Q1 2025, 90% reached operating profit, above the 29% margin then. Total costs grew 2% against revenue growth of 10%. The fastest-growing cost line was Credit loss provision (+18%). Net earnings were $245.7M, up 38% year over year. The effective tax rate was 16.0%.

Operating cash flow was $191.6M (up 11% year over year), 78% of net earnings. Working capital and other items used $54.1M. Capital expenditures of $36.7M left free cash flow of $154.9M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q1 2026	10-Q	May 8, 2026	$836M	+10%	35.0%	$246M	$192M
Q1 2025	10-Q	May 12, 2025	$758M	+6%	29.4%	$178M	$172M

Charts

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q2 2026): Net income $278M, Operating cash flow $347M.

-21.4% since FY2020: buybacks shrank the count.

State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.