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Bellring Brands (BRBR) earnings and revenue breakdown
Latest: Q3 FY26 · 10-Q filed Aug 4, 2026 · Bellring Brands (BRBR) Q3 FY26 earnings results →
Q3 FY26 Revenue up 4% year over year to $570M · 6¢ of every $1 of revenue kept as net profit · operating margin 11.5%
Bellring Brands made $570M in Q3 FY26 (+4% Y/Y): Shakes $443M, Powders $109M, Other $18.5M. Operating margin 11.5%, net earnings $34.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
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What changed this quarter
Revenue was $570.4M in Q3 FY26, up 4% year over year and down 5% from the previous quarter. Shakes was the largest line at 78% of revenue. Powders added $16.2M year over year (up 18%), 71% of the total change.
Gross margin was 28.6%, down 6.7 points from Q3 FY25. Operating profit was $65.4M, a 11.5% margin (up 3.3 points year over year). Of the extra revenue versus Q3 FY25, 90% reached operating profit, above the 8% margin then. Operating expenses fell 34% while revenue rose 4%. Net earnings were $34.2M, up 63% year over year. The effective tax rate was 24.8%.
Operating cash flow was $79.3M (up 97% year over year), 232% of net earnings. Non-cash charges added back $5.2M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items added $33.5M. Capital expenditures of $2.1M left free cash flow of $77.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 FY26 | 10-Q | Aug 4, 2026 | $570M | +4% | 11.5% | $34.2M | $79.3M |
| Q2 FY26 | 10-Q | May 5, 2026 | $599M | +2% | 11.0% | $33.9M | −$11.2M |
| Q1 FY26 | 10-Q | Feb 3, 2026 | $537M | +0.8% | 14.6% | $43.7M | −$3.1M |
| Q4 FY25 | 10-K | Nov 18, 2025 | $648M | +17% | 15.8% | $59.6M | $169M |
| Q3 FY25 | 10-Q | Aug 5, 2025 | $548M | +6% | 8.2% | $21.0M | $40.3M |
| Q2 FY25 | 10-Q | May 6, 2025 | $588M | +19% | 16.2% | $58.7M | $48.2M |
| Q4 FY24 | 10-K | Nov 19, 2024 | $556M | +18% | 20.2% | $71.7M | $40.1M |
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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📈Investments: gains and what it boughtinteractive
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About Bellring Brands
BellRing Brands, Inc. (formerly known as BellRing Distribution, LLC) (“BellRing”) was formed in the State of Delaware on October 20, 2021 as a wholly-owned subsidiary of Post Holdings, Inc. (“Post”) for the purpose of effecting the separation of BellRing Intermediate Holdings, Inc. (formerly known as BellRing Brands, Inc.) (“Old BellRing”) from Post. Under a transaction agreement and plan of merger (the “Transaction Agreement”) that we entered into on October 26, 2021 and amended as of February 28, 2022, with Post, Old BellRing and our subsidiary BellRing Merger Sub Corporation (“Merger Sub”), Post distributed approximately 80.1% of its interest in us to Post’s shareholders and Merger Sub merged with and into Old BellRing, with Old BellRing surviving and becoming our subsidiary.
In its own words, from its 10-K, filed Nov 18, 2025.
Bellring Brands against its Food and Kindred Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median -8%. Operating margin: 11.5% against the peers' median 9.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BRBR Bellring Brands | Q3 FY26 | $570M | +4% | 11.5% |
| MDLZ Mondelez International | Q3 2026 | $10.0B | +2% | 17.6% |
| CAG Conagra Brands | Q1 FY27 | $2.6B | -1% | 10.3% |
| CPB Campbell's | Q4 FY26 | $2.1B | -8% | 0.2% |
| FLO Flowers Foods | Q2 2026 | $1.2B | -4% | 5.7% |
| BGS B&G Foods | Q2 2026 | $383M | -10% | 9.0% |
| SMPL Simply Good Foods | Q4 FY26 | $333M | -10% | 13.8% |
| HAIN Hain Celestial Group | Q4 FY26 | $263M | -28% | -21.2% |
| VITL Vital Farms | Q3 2026 | $182M | -8% | -4.2% |
Source: Bellring Brands 10-Q on SEC EDGAR · CIK 1772016 · Food and Kindred Products
13F: who owns BRBR and who is buying
More on BRBR
History
Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results