Filing Flows › Danaher (DHR) › Q3 2026 › vs Q3 2025
Danaher (DHR) Q3 2026 vs Q3 2025 (year over year)
Danaher's revenue rose $501M (+8%) from $6.1B in Q3 2025 to $6.6B in Q3 2026. The biggest changes: Recurring revenue +$382M (+8%); Nonrecurring revenue +$119M (+11%). Gross margin 58.5% against 58.2% (+0.3 pts).
Danaher, Q3 2026: revenue $6.6B (+8% year over year), operating margin 19.0%, net earnings $1.2B, operating cash flow $1.9B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 58.5% | 58.2% | +0.3 pts |
| Operating margin | 19.0% | 19.1% | -0.1 pts |
| Net margin | 18.8% | 15.0% | +3.8 pts |
| Free cash flow margin | 24.9% | 22.6% | +2.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Recurring revenue | $5.4B | $5.0B | $382M | +8% |
| Nonrecurring revenue | $1.2B | $1.0B | $119M | +11% |
| Revenue | $6.6B | $6.1B | $501M | +8% |
| Gross profit | $3.8B | $3.5B | $314M | +9% |
| Cost of revenue | $2.7B | $2.5B | $187M | +7% |
| Operating profit | $1.2B | $1.2B | $91.0M | +8% |
| Operating expenses | $2.6B | $2.4B | $223M | +9% |
| Pre-tax earnings | $1.2B | $1.1B | $84.0M | +8% |
| Other expense, net | $85.0M | $78.0M | $7.0M | +9% |
| Research & development | $433M | $378M | $55.0M | +15% |
| SG&A | $2.2B | $2.0B | $168M | +8% |
| Income tax benefit | $75.0M | −$168M | $243M | — |
| Net earnings | $1.2B | $908M | $327M | +36% |
| Depreciation & amortization | $721M | $622M | $99.0M | +16% |
| Share-based compensation | $115M | $83.0M | $32.0M | +39% |
| Working capital & other | $185M | −$49.0M | $234M | — |
| Operating cash flow | $1.9B | $1.7B | $224M | +13% |
| Free cash flow (OCF − capex) | $1.6B | $1.4B | $261M | +19% |
| Capital expenditures | $255M | $292M | −$37.0M | -13% |
Questions
How much did Danaher's revenue grow year over year in Q3 2026?
Danaher's revenue rose $501M (+8%) from $6.1B in Q3 2025 to $6.6B in Q3 2026.
What drove Danaher's revenue change in Q3 2026?
Recurring revenue +$382M (+8%); Nonrecurring revenue +$119M (+11%).