Filing Flows › Herbalife (HLF) › How it makes money
How Herbalife (HLF) makes money
Herbalife (HLF) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Of every dollar of revenue, 77¢ was left as gross profit, 10¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.4B | 100.0% |
| Cost of revenue | $306M | 22.7% |
| Gross profit | $1.0B | 77.3% |
| Operating expenses | $906M | 67.1% |
| Operating profit | $138M | 10.3% |
| Income tax | $49.5M | 3.7% |
| Net earnings | $58.8M | 4.4% |
| Operating cash flow | $151M | 11.2% |
| Free cash flow | $133M | 9.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.4B | +6% |
| Q2 2026 | $1.3B | +5% |
| Q1 2026 | $1.3B | +8% |
| Q4 2025 | $1.3B | +6% |
| Q3 2025 | $1.3B | +3% |
| Q2 2025 | $1.3B | -2% |
| Q1 2025 | $1.2B | -3% |
From Herbalife's 10-Q filed Nov 2, 2026 (on EDGAR).
Questions
How does Herbalife make money?
Herbalife (HLF) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Of every dollar of revenue, 77¢ was left as gross profit, 10¢ was left as operating profit, 4¢ was left as net earnings.
What is Herbalife's profit margin?
Net earnings were $58.8M, 4.4% of revenue, in the third quarter 2026; the operating margin was 10.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.