Filing Flows › Gaming & Leisure Properties (GLPI) › Q3 FY26
Gaming & Leisure Properties (GLPI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Oct 29, 2026
Gaming & Leisure Properties (GLPI) reported revenue of $435M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +1% from the quarter before. Operating margin was 71.2%, net earnings $208M (47.7% of revenue).
Gaming & Leisure Properties, Q3 FY26: revenue $435M (+10% year over year), operating margin 71.2%, net earnings $208M, operating cash flow $280M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $435M | +1% | +10% |
| Operating profit | $310M | -7% | -8% |
| Net earnings | $208M | -9% | -14% |
| Operating cash flow | $280M | -20% | +16% |
What changed
Revenue was $435.4M in Q3 FY26, up 10% year over year and up 1% from the previous quarter.
Operating profit was $309.9M, a 71.2% margin (down 13.6 points year over year). Operating profit fell $27.2M even though revenue rose $37.8M versus Q3 FY25, so costs grew faster than sales. Total costs grew 108% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+157%). Net earnings were $207.6M, down 14% year over year. The effective tax rate was 0.2%.
Operating cash flow was $279.7M (up 16% year over year), 131% of net income including minority interests. Non-cash charges added back $73.6M of depreciation and amortization and $4.7M of share-based compensation.
Questions
What was Gaming & Leisure Properties' revenue in the third quarter fiscal 2026?
Gaming & Leisure Properties (GLPI) reported revenue of $435M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +1% from the quarter before.
Was Gaming & Leisure Properties profitable in the third quarter fiscal 2026?
Operating profit was $310M (71.2% of revenue) and net earnings $208M.