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Criteo S.A. (CRTO) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Criteo S.A. (CRTO) Q3 2026 earnings results →

Q3 2026 Revenue down 11% year over year to $416M · 1¢ of every $1 of revenue kept as net profit · operating margin 5.0%

Criteo S.A. made $416M in Q3 2026 (-11% Y/Y): Performance Media $365M, Retail Media $51.9M. Operating margin 5.0%, net earnings $5.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$416M
Year over year-11%
Operating margin5.0%
Net earnings$5.6M
Operating cash flow$56.9M

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 $416.5M in Q3 2026, down 11% year over year and down 3% from the previous quarter. Performance Media was the largest line at 88% of revenue. Performance Media lost $38.0M year over year (down 9%), 71% of the total change.

Gross margin was 49.9%, down 4.7 points from a year earlier. Operating profit was $21.0M, a 5.0% margin (down 6.0 points year over year). Operating expenses fell 9% while revenue fell 11%. Net earnings were $5.6M, down 85% year over year. The effective tax rate was 72.2%.

Operating cash flow was $56.9M (down 36% year over year), 929% of net income including minority interests. Non-cash charges added back $9.3M of share-based compensation. Working capital and other items added $41.5M. Capital expenditures of $35.8M left free cash flow of $21.1M.

Quarterly history

Criteo S.A. revenue by quarterCriteo S.A. revenue by quarter$553MQ4 2024$451MQ1 2025$483MQ2 2025$425MQ1 2026$428MQ2 2026$416MQ3 2026
Criteo S.A. net earnings by quarterCriteo S.A. net earnings by quarter$71.1MQ4 2024$37.9MQ1 2025$21.2MQ2 2025$7.8MQ1 2026$11.2MQ2 2026$5.6MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$416M-11%5.0%$5.6M$56.9M
Q2 202610-QAug 5, 2026$428M-11%3.5%$11.2M$20.3M
Q1 202610-QMay 6, 2026$425M-6%2.4%$7.8M$48.2M
Q2 202510-QJul 31, 2025$483M+2%6.3%$21.2M−$1.4M
Q1 202510-QMay 2, 2025$451M+0.3%10.7%$37.9M$62.3M
Q4 202410-KFeb 28, 2025$553M-2%17.1%$71.1M$169M

Charts

Criteo S.A.: revenue growth, year over year and quarter over quarterCriteo S.A.: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q4 2024+0%-18%Q1 2025+2%+7%Q2 2025-6%-12%Q1 2026-11%+1%Q2 2026-11%-3%Q3 2026
Latest (Q3 2026): Y/Y -11%, Q/Q -3%.
Criteo S.A.: where the cash came from (+) and went (−), TTM to Q3 2026Criteo S.A.: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$286MCapital spending−$154MBuybacks−$102MCash drawn (+) / kept (−)−$20.2MOther investing−$11.2MAsset & business sales$2.0MOther financing−$1.7MExchange rates$1.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Criteo S.A.: profit against cash, quarter by quarterCriteo S.A.: profit against cash, quarter by quarterNet incomeOperating cash flow$72.2M$169MQ4 2024$40.0M$62.3MQ1 2025$22.9M−$1.4MQ2 2025$40.1M$89.6MQ3 2025$46.0M$161MQ4 2025$8.6M$48.2MQ1 2026$11.8M$20.3MQ2 2026$6.1M$56.9MQ3 2026
Latest (Q3 2026): Net income $6.1M, Operating cash flow $56.9M.
Criteo S.A.: diluted shares by fiscal yearCriteo S.A.: diluted shares by fiscal year62MFY202064MFY202163MFY202260MFY202359MFY202455MFY2025
-11.4% since FY2020: buybacks shrank the count.
Criteo S.A. in its industry: growth against margin (6 companies, SIC 7311)Criteo S.A. in its industry: growth against margin (6 companies, SIC 7311)revenue growth, year over year →↑ operating marginmedian +10%median 5%OMCSTGWGRPNSWAGWSPTYCRTO (-11%, 5%)
Services-Advertising Agencies; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵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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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Criteo S.A.

Criteo S.A. was initially incorporated as a société par actions simplifiée, or S.A.S., under the laws of the French Republic structure with ordinary shares to be directly listed on Nasdaq. The Conversion requires a shareholder vote for approval,

In its own words, from its 10-K, filed Feb 26, 2026.

Criteo S.A. against its Services-Advertising Agencies peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -11% against the peers' median +10%. Operating margin: 5.0% against the peers' median 5.0%.

CompanyQuarterRevenueY/YOp. margin
CRTO Criteo S.A.Q3 2026$416M-11%5.0%
OMC Omnicom GroupQ3 2026$6.4B+59%15.4%
STGW StagwellQ3 2026$816M+10%5.9%
GRPN GrouponQ2 2026$125M-0.8%-0.6%
SWAGW Stran & CompanyQ2 2026$33.4M+2%0.3%
SPTY SpecificityQ2 2026$322K+21%-19.4%

Source: Criteo S.A. 10-Q on SEC EDGAR · CIK 1576427 · Services-Advertising Agencies

Guidance and outlook

Criteo S.A.: what its forward-looking statements are about (10-Q filed 2026-11-04)Criteo S.A.: what its forward-looking statements are about (10-Q filed 2026-11-04)Other4Demand2Supply chain1Financing1Buybacks & dividends1Capital spending1
10 statements; tone -0.20 (−1 all cautious, +1 all confident); 1 hedged.
Criteo S.A.: outlook statements against the filing beforeCriteo S.A.: outlook statements against the filing beforeConfident1Cautious3

More on CRTO

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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