Filing Flows › GEO Group (GEO) › Q3 2026 › vs Q2 2026
GEO Group (GEO) Q3 2026 vs Q2 2026 (quarter over quarter)
GEO Group's revenue rose $29.0M (+4%) from $732M in Q2 2026 to $761M in Q3 2026. The biggest changes: GEO Secure Services +$21.5M (+4%); Electronic Monitoring and Supervision Services +$5.7M (+7%); Reentry Services +$1.9M (+3%). Operating margin 13.5% against 13.9% (-0.4 pts).
GEO Group, Q3 2026: revenue $761M (+12% year over year), operating margin 13.5%, net earnings $49.2M, operating cash flow $209M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.5% | 13.9% | -0.4 pts |
| Net margin | 6.5% | 6.5% | -0.0 pts |
| Free cash flow margin | 23.2% | 8.1% | +15.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| GEO Secure Services | $605M | $583M | $21.5M | +4% |
| Electronic Monitoring and Supervision Services | $81.8M | $76.2M | $5.7M | +7% |
| Reentry Services | $74.3M | $72.4M | $1.9M | +3% |
| Revenue | $761M | $732M | $29.0M | +4% |
| Operating profit | $102M | $102M | $686K | +0.7% |
| Costs & expenses | $659M | $630M | $28.3M | +4% |
| Pre-tax earnings | $67.1M | $66.3M | $775K | +1% |
| Other expense, net | $35.3M | $35.4M | −$89K | -0.3% |
| General & admin | $72.1M | $65.5M | $6.7M | +10% |
| Other operating costs | $587M | $565M | $21.7M | +4% |
| Net earnings | $49.2M | $47.5M | $1.7M | +4% |
| Income tax | $17.9M | $18.9M | −$968K | -5% |
| Depreciation & amortization | $34.2M | $34.2M | −$14K | 0% |
| Share-based compensation | $5.0M | $4.9M | $79K | +2% |
| Working capital & other | $121M | −$6.6M | $127M | — |
| Operating cash flow | $209M | $80.0M | $129M | +161% |
| Free cash flow (OCF − capex) | $177M | $59.4M | $117M | +197% |
| Capital expenditures | $32.4M | $20.6M | $11.8M | +57% |
Questions
How much did GEO Group's revenue grow quarter over quarter in Q3 2026?
GEO Group's revenue rose $29.0M (+4%) from $732M in Q2 2026 to $761M in Q3 2026.
What drove GEO Group's revenue change in Q3 2026?
GEO Secure Services +$21.5M (+4%); Electronic Monitoring and Supervision Services +$5.7M (+7%); Reentry Services +$1.9M (+3%).