Filing Flows › First Horizon (FHN) › Q3 2026 › vs Q2 2026
First Horizon (FHN) Q3 2026 vs Q2 2026 (quarter over quarter)
First Horizon's revenue fell $480M (-54%) from $887M in Q2 2026 to $407M in Q3 2026.
First Horizon, Q3 2026: revenue $407M (-54% year over year), operating margin -23.8%, net loss $79.0M, operating cash flow $623M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 145.9% | 63.8% | +82.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $407M | $887M | −$480M | -54% |
| Income tax benefit | $18.0M | −$66.0M | $84.0M | — |
| Net loss | $79.0M | −$274M | $353M | — |
| Costs & expenses | $504M | $887M | −$383M | -43% |
| Operating costs | $504M | $547M | −$43.0M | -8% |
| Sales & marketing | $16.0M | $17.0M | −$1.0M | -6% |
| Other operating costs | $488M | $530M | −$42.0M | -8% |
| Operating cash sources | $702M | $311M | $391M | +126% |
| Depreciation & amortization | $19.0M | $20.0M | −$1.0M | -5% |
| Share-based compensation | $14.0M | $14.0M | $0 | 0% |
| Working capital & other | $669M | $277M | $392M | +142% |
| Net loss absorbed | $79.0M | −$274M | $353M | — |
| Operating cash flow | $623M | $585M | $38.0M | +6% |
| Free cash flow (OCF − capex) | $594M | $566M | $28.0M | +5% |
| Capital expenditures | $29.0M | $19.0M | $10.0M | +53% |
Questions
How much did First Horizon's revenue grow quarter over quarter in Q3 2026?
First Horizon's revenue fell $480M (-54%) from $887M in Q2 2026 to $407M in Q3 2026.