Filing Flows › Invitation Homes (INVH) › Q3 2026
Invitation Homes (INVH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Invitation Homes (INVH) reported revenue of $731M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -2% from the quarter before. Operating margin was 9.2%, net earnings $158M (21.7% of revenue).
Invitation Homes, Q3 2026: revenue $731M (+6% year over year), operating margin 9.2%, net earnings $158M, operating cash flow $384M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $731M | -2% | +6% |
| Operating profit | $67.1M | -25% | -26% |
| Net earnings | $158M | -28% | +16% |
| Operating cash flow | $384M | +0.1% | -3% |
What changed
Revenue was $731.3M in Q3 2026, up 6% year over year and down 2% from the previous quarter.
Operating profit was $67.1M, a 9.2% margin (down 4.0 points year over year). Operating profit fell $23.8M even though revenue rose $43.1M versus Q3 2025, so costs grew faster than sales. Total costs grew 11% against revenue growth of 6%. The fastest-growing cost line was General & admin (+86%). Net earnings were $158.5M, up 16% year over year. The effective tax rate was 0.0%. Non-operating items added $92.0M, 58% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $383.9M (down 3% year over year), 241% of net earnings. Non-cash charges added back $199.9M of depreciation and amortization and $11.5M of share-based compensation.
Questions
What was Invitation Homes' revenue in the third quarter 2026?
Invitation Homes (INVH) reported revenue of $731M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -2% from the quarter before.
Was Invitation Homes profitable in the third quarter 2026?
Operating profit was $67.1M (9.2% of revenue) and net earnings $158M.
Source: Invitation Homes 10-Q on SEC EDGAR.