Filing Flows › Ecolab (ECL) › Q3 2026 › vs Q2 2026
Ecolab (ECL) Q3 2026 vs Q2 2026 (quarter over quarter)
Ecolab's revenue rose $279M (+6%) from $4.4B in Q2 2026 to $4.7B in Q3 2026. The biggest changes: Global Water +$257M (+12%); Global Institutional & Specialty +$15.7M (+1%); Global Pest Elimination +$12.5M (+4%). Operating margin 17.3% against 17.2% (+0.1 pts).
Ecolab, Q3 2026: revenue $4.7B (+13% year over year), operating margin 17.3%, net earnings $551M, operating cash flow $764M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 17.3% | 17.2% | +0.1 pts |
| Net margin | 11.7% | 12.1% | -0.4 pts |
| Free cash flow margin | 9.6% | 11.1% | -1.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Global Water | $2.5B | $2.2B | $257M | +12% |
| Global Institutional & Specialty | $1.6B | $1.6B | $15.7M | +1% |
| Global Pest Elimination | $364M | $351M | $12.5M | +4% |
| Global Life Sciences | $214M | $220M | −$6.2M | -3% |
| Revenue | $4.7B | $4.4B | $279M | +6% |
| Operating profit | $810M | $758M | $52.6M | +7% |
| Costs & expenses | $3.9B | $3.7B | $227M | +6% |
| Pre-tax earnings | $694M | $694M | $900K | +0.1% |
| Other expense, net | $116M | $64.3M | $51.7M | +80% |
| Cost of revenue | $2.6B | $2.5B | $156M | +6% |
| SG&A | $1.2B | $1.1B | $35.8M | +3% |
| Other operating costs | $81.4M | $46.4M | $35.0M | +75% |
| Net earnings | $551M | $535M | $16.4M | +3% |
| Minority interests | $3.1M | $3.8M | −$700K | -18% |
| Income tax | $140M | $155M | −$14.8M | -10% |
| Depreciation & amortization | $287M | $269M | $18.4M | +7% |
| Share-based compensation | $40.9M | $34.8M | $6.1M | +18% |
| Working capital & other | $116M | $109M | $6.7M | +6% |
| Operating cash flow | $764M | $730M | $34.2M | +5% |
| Free cash flow (OCF − capex) | $450M | $489M | −$39.1M | -8% |
| Capital expenditures | $313M | $240M | $73.3M | +31% |
Questions
How much did Ecolab's revenue grow quarter over quarter in Q3 2026?
Ecolab's revenue rose $279M (+6%) from $4.4B in Q2 2026 to $4.7B in Q3 2026.
What drove Ecolab's revenue change in Q3 2026?
Global Water +$257M (+12%); Global Institutional & Specialty +$15.7M (+1%); Global Pest Elimination +$12.5M (+4%).