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Imperial Oil (IMO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Imperial Oil (IMO) Q3 2026 earnings results →
Q3 2026 Revenue up 34% year over year to $16.2B · 15¢ of every $1 of revenue kept as net profit · operating margin 19.9%
Imperial Oil made $16.2B in Q3 2026 (+34% Y/Y). Operating margin 19.9%, net earnings $2.5B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was C$16.2B in Q3 2026, up 34% year over year and up 1% from the previous quarter.
Operating profit was C$3.2B, a 19.9% margin (up 14.0 points year over year). Of the extra revenue versus Q3 2025, 61% reached operating profit, above the 6% margin then. Total costs grew 14% against revenue growth of 34%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were C$2.5B, up 355% year over year. The effective tax rate was 23.8%.
Operating cash flow was C$3.2B (up 80% year over year), 132% of net earnings. Non-cash charges added back C$0.50B of depreciation and amortization. Working capital and other items added C$0.27B. Capital expenditures of C$0.66B left free cash flow of C$2.6B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $16.2B | +34% | 19.9% | $2.5B | $3.2B |
| Q2 2026 | 10-Q | Aug 3, 2026 | $16.1B | +43% | 17.8% | $2.2B | $2.7B |
| Q1 2026 | 10-Q | May 4, 2026 | $12.4B | -0.6% | 9.9% | $940M | $756M |
| Q4 2025 | 10-K | Feb 18, 2026 | $11.3B | -10% | 5.6% | $492M | $1.9B |
| Q3 2025 | 10-Q | Nov 3, 2025 | $12.0B | -9% | 5.8% | $539M | $1.8B |
| Q2 2025 | 10-Q | Aug 4, 2025 | $11.2B | -16% | 11.1% | $949M | $1.5B |
| Q1 2025 | 10-Q | May 5, 2025 | $12.5B | +2% | 13.5% | $1.3B | $1.5B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About Imperial Oil
Imperial Oil Limited was incorporated under the laws of Canada in 1880 and was continued under the Canada Business Corporations Act (the "CBCA") by certificate of continuance dated April 24, 1978. The head and principal office of the company is located at 505 Quarry Park Boulevard S.E., Calgary, Alberta, Canada T2C 5N1. Exxon Mobil Corporation ("ExxonMobil") owns approximately 69.6 percent of the outstanding shares of the company. In this report, unless the context otherwise indicates, reference to the "company" or "Imperial" includes Imperial Oil Limited and its subsidiaries, and reference to ExxonMobil includes Exxon Mobil Corporation and its affiliates, as appropriate.
In its own words, from its 10-K, filed Feb 18, 2026.
Imperial Oil against its Petroleum Refining peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +34% against the peers' median +43%. Operating margin: 19.9% against the peers' median 18.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IMO Imperial Oil | Q3 2026 | $11.6B | +34% | 19.9% |
| XOM ExxonMobil Holdings | Q3 2026 | $113.2B | +33% | 18.8% |
| CVX Chevron | Q3 2026 | $67.8B | +36% | 20.1% |
| MPC Marathon Petroleum | Q3 2026 | $56.0B | +61% | 18.7% |
| PSX Phillips 66 | Q3 2026 | $50.5B | +46% | 14.1% |
| VLO Valero Energy | Q3 2026 | $46.1B | +43% | 19.7% |
| COP ConocoPhillips | Q3 2026 | $19.4B | +29% | 30.8% |
| SUNC SunocoCorp LLC | Q3 2026 | $18.0B | +199% | 4.1% |
| PBF PBF Energy | Q3 2026 | $12.1B | +59% | 17.3% |
Source: Imperial Oil 10-Q on SEC EDGAR · CIK 49938 · Petroleum Refining
Guidance and outlook
13F: who owns IMO and who is buying
More on IMO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results