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How Clarivate (CLVT) makes money
Clarivate (CLVT) made $482M of revenue in the third quarter 2026 (Q3 2026), -9% from a year earlier. Recurring Revenues brought in $444M (92%); Transactional and other revenues brought in $37.5M (8%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Recurring Revenues | $444M | 92.2% | -13% | +0.7% |
| ↳ Subscription revenues | $338M | 70.2% | -16% | +0.7% |
| ↳ Re-occurring Revenues | $106M | 22.0% | -3% | +0.5% |
| Transactional and other revenues | $37.5M | 7.8% | -50% | -58% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $482M | 100.0% |
| Income tax | $5.5M | 1.1% |
| Operating cash flow | $166M | 34.4% |
| Free cash flow | $110M | 22.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $482M | -9% |
| Q2 2026 | $587M | -6% |
| Q1 2026 | $586M | -1% |
| Q4 2025 | $617M | -7% |
| Q3 2025 | $623M | +0.1% |
| Q2 2025 | $621M | -4% |
| Q1 2025 | $594M | -4% |
From Clarivate's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Clarivate make money?
Clarivate (CLVT) made $482M of revenue in the third quarter 2026 (Q3 2026), -9% from a year earlier. Recurring Revenues brought in $444M (92%); Transactional and other revenues brought in $37.5M (8%).
What is Clarivate's biggest business?
Recurring Revenues: $444M in the third quarter 2026, 92% of revenue, +0.7% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.