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Dillard's (DDS) Q3 FY26 earnings results (third quarter fiscal 2026)

10-Q filed Dec 5, 2025

Dillard's (DDS) reported revenue of $1.5B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -3% from the quarter before. Operating margin was 11.3%, net earnings $130M (8.7% of revenue).

Revenue$1.5B
Year over year+3%
Quarter over quarter-3%
Operating margin11.3%
Net earnings$130M

Dillard's, Q3 FY26: revenue $1.5B (+3% year over year), operating margin 11.3%, net earnings $130M, operating cash flow $186M. The chart follows the revenue to costs, profit and cash.

Q3 FY26AmountQ/QY/Y
Revenue$1.5B-3%+3%
Gross profit$637M+15%+5%
Operating profit$169M+78%+4%
Net earnings$130M+78%+4%
Operating cash flow$186M+115%+7%
Free cash flow$156M+160%+7%

What changed

Revenue was $1.5B in Q3 FY26, up 3% year over year and down 3% from the previous quarter.

Gross margin was 42.7%, up 0.9 points from a year earlier. Operating profit was $0.17B, a 11.3% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 11% margin then. Operating expenses grew 5% against revenue growth of 3%. Net earnings were $0.13B, up 4% year over year. The effective tax rate was 23.1%.

Operating cash flow was $0.19B (up 7% year over year), 144% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization. Working capital and other items added $0.01B. Capital expenditures of $0.03B left free cash flow of $0.16B.

Questions

What was Dillard's revenue in the third quarter fiscal 2026?

Dillard's (DDS) reported revenue of $1.5B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -3% from the quarter before.

Was Dillard's profitable in the third quarter fiscal 2026?

Operating profit was $169M (11.3% of revenue) and net earnings $130M.

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Source: Dillard's 10-Q on SEC EDGAR.