Filing Flows › First Horizon (FHN) › Q3 2026 › vs Q3 2025
First Horizon (FHN) Q3 2026 vs Q3 2025 (year over year)
First Horizon's revenue fell $482M (-54%) from $889M in Q3 2025 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 145.9% | -23.4% | +169.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $407M | $889M | −$482M | -54% |
| Income tax benefit | $18.0M | −$78.0M | $96.0M | — |
| Net loss | $79.0M | −$266M | $345M | — |
| Costs & expenses | $504M | $889M | −$385M | -43% |
| Operating costs | $504M | $545M | −$41.0M | -8% |
| Sales & marketing | $16.0M | $12.0M | $4.0M | +33% |
| Other operating costs | $488M | $533M | −$45.0M | -8% |
| Operating cash sources | $702M | −$466M | $1.2B | — |
| Depreciation & amortization | $19.0M | $6.0M | $13.0M | +217% |
| Share-based compensation | $14.0M | $15.0M | −$1.0M | -7% |
| Working capital & other | $669M | −$487M | $1.2B | — |
| Net loss absorbed | $79.0M | −$266M | $345M | — |
| Operating cash flow | $623M | −$200M | $823M | — |
| Free cash flow (OCF − capex) | $594M | −$208M | $802M | — |
| Capital expenditures | $29.0M | $8.0M | $21.0M | +262% |
Questions
How much did First Horizon's revenue grow year over year in Q3 2026?
First Horizon's revenue fell $482M (-54%) from $889M in Q3 2025 to $407M in Q3 2026.