Filing Flows › Galaxy Digital (GLXY) › Q3 2026 › vs Q2 2026
Galaxy Digital (GLXY) Q3 2026 vs Q2 2026 (quarter over quarter)
Galaxy Digital's revenue fell $500M (-6%) from $8.6B in Q2 2026 to $8.1B in Q3 2026. Operating margin 4.3% against -1.5% (+5.8 pts).
Galaxy Digital, Q3 2026: revenue $8.1B (-72% year over year), operating margin 4.3%, net earnings $151M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.3% | -1.5% | +5.8 pts |
| Net margin | 1.9% | -1.0% | +2.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $8.1B | $8.6B | −$500M | -6% |
| Operating profit | $344M | −$128M | $472M | — |
| Costs & expenses | $7.7B | $8.7B | −$973M | -11% |
| Pre-tax earnings | $344M | −$128M | $472M | — |
| General & admin | $25.3M | $18.8M | $6.5M | +35% |
| Other operating costs | $7.7B | $227M | $7.5B | 34× |
| Net earnings | $151M | −$85.3M | $236M | — |
| Minority interests | $172M | $0 | $172M | — |
| Income tax | $21.5M | −$42.9M | $64.4M | — |
Questions
How much did Galaxy Digital's revenue grow quarter over quarter in Q3 2026?
Galaxy Digital's revenue fell $500M (-6%) from $8.6B in Q2 2026 to $8.1B in Q3 2026. Operating margin 4.3% against -1.5% (+5.8 pts).