Filing Flows › Helmerich & Payne (HP) › Q3 FY26 › vs Q2 FY26
Helmerich & Payne (HP) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Helmerich & Payne's revenue rose $102M (+11%) from $932M in Q2 FY26 to $1.0B in Q3 FY26. Operating margin 18.2% against -4.0% (+22.1 pts).
Helmerich & Payne, Q3 FY26: revenue $1.0B (-0.6% year over year), operating margin 18.2%, net earnings $75.7M, operating cash flow $154M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 18.2% | -4.0% | +22.1 pts |
| Net margin | 7.3% | -6.3% | +13.6 pts |
| Free cash flow margin | 8.1% | -2.8% | +10.9 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.0B | $932M | $102M | +11% |
| Operating profit | $188M | −$36.9M | $225M | — |
| Costs & expenses | $847M | $969M | −$123M | -13% |
| Pre-tax earnings | $151M | −$46.6M | $197M | — |
| Other expense, net | $37.7M | $9.6M | $28.0M | +291% |
| Cost of revenue | $685M | $661M | $23.7M | +4% |
| Research & development | $5.9M | $7.0M | −$1.1M | -16% |
| SG&A | $65.8M | $71.1M | −$5.2M | -7% |
| Other operating costs | $90.0M | $230M | −$140M | -61% |
| Net earnings | $75.7M | −$58.6M | $134M | — |
| Minority interests | $2.5M | $2.7M | −$273K | -10% |
| Income tax | $72.4M | $9.3M | $63.1M | +678% |
| Operating cash sources | $265M | $133M | $132M | +100% |
| Depreciation & amortization | $181M | $181M | $226K | +0.1% |
| Share-based compensation | $8.3M | $10.4M | −$2.0M | -20% |
| Working capital & other | $111M | $95.9M | $15.4M | +16% |
| Operating cash flow | $154M | $36.6M | $117M | +320% |
| Free cash flow (OCF − capex) | $83.9M | −$26.3M | $110M | — |
| Capital expenditures | $69.8M | $62.9M | $6.9M | +11% |
Questions
How much did Helmerich & Payne's revenue grow quarter over quarter in Q3 FY26?
Helmerich & Payne's revenue rose $102M (+11%) from $932M in Q2 FY26 to $1.0B in Q3 FY26. Operating margin 18.2% against -4.0% (+22.1 pts).