Filing Flows › Popular (BPOP) › Q1 2026
Popular (BPOP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Popular (BPOP) reported revenue of $836M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before. Operating margin was 35.0%, net earnings $246M (29.4% of revenue).
Popular, Q1 2026: revenue $836M (+10% year over year), operating margin 35.0%, net earnings $246M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $836M | +1% | +10% |
| Operating profit | $293M | +5% | +31% |
| Net earnings | $246M | +5% | +38% |
| Operating cash flow | $192M | -29% | +11% |
| Free cash flow | $155M | -30% | +29% |
What changed
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.
Questions
What was Popular's revenue in the first quarter 2026?
Popular (BPOP) reported revenue of $836M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before.
Was Popular profitable in the first quarter 2026?
Operating profit was $293M (35.0% of revenue) and net earnings $246M.
Source: Popular 10-Q on SEC EDGAR.