Filing Flows › First Horizon (FHN) › Q3 2026
First Horizon (FHN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
First Horizon (FHN) reported revenue of $407M for the third quarter 2026 (Q3 2026), -54% from a year earlier and -54% from the quarter before. Operating margin was -23.8%, net loss $79.0M (19.4% of revenue).
First Horizon, Q3 2026: revenue $407M (-54% year over year), operating margin -23.8%, net loss $79.0M, operating cash flow $623M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | -54% | -54% |
| Operating profit | −$97.0M | -129% | -128% |
| Net earnings | −$79.0M | -129% | -130% |
| Operating cash flow | $623M | +6% | — |
| Free cash flow | $594M | +5% | — |
What changed
Revenue was $407.0M in Q3 2026, down 54% year over year and down 54% from the previous quarter.
Operating costs exceeded revenue by $97.0M, an operating margin of -23.8%. Total costs fell 8% while revenue fell 54%. The fastest-growing cost line was Sales & marketing (+33%). The quarter ended with a net loss of $79.0M, after a profit of $274.0M the previous quarter.
Operating cash flow was $623.0M. Non-cash charges added back $19.0M of depreciation and amortization and $14.0M of share-based compensation. Working capital and other items added $669.0M. Capital expenditures of $29.0M left free cash flow of $594.0M.
Questions
What was First Horizon's revenue in the third quarter 2026?
First Horizon (FHN) reported revenue of $407M for the third quarter 2026 (Q3 2026), -54% from a year earlier and -54% from the quarter before.
Was First Horizon profitable in the third quarter 2026?
Operating loss was $97.0M (-23.8% of revenue) and net loss $79.0M.
Source: First Horizon 10-Q on SEC EDGAR.