Filing Flows › International Paper (IP) › Q1 2026
International Paper (IP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
International Paper (IP) reported revenue of $6.0B for the first quarter 2026 (Q1 2026), +13% from a year earlier and -0.6% from the quarter before. Operating margin was 1.3%, net earnings $60.0M (1.0% of revenue).
International Paper, Q1 2026: revenue $6.0B (+13% year over year), operating margin 1.3%, net earnings $60.0M, operating cash flow $611M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | -0.6% | +13% |
| Operating profit | $77.0M | — | — |
| Net earnings | $60.0M | — | — |
| Operating cash flow | $611M | -32% | — |
| Free cash flow | $94.0M | — | — |
What changed
Revenue was $6.0B in Q1 2026, up 13% year over year and down 1% from the previous quarter.
Operating profit was $0.08B, a 1.3% margin (up 3.9 points year over year). Total costs grew 9% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $0.06B. The effective tax rate was 22.1%.
Operating cash flow was $0.61B, 1018% of net earnings. Non-cash charges added back $0.49B of depreciation and amortization. Working capital and other items added $0.06B. After capital expenditures ($0.52B), free cash flow as the company reports it was $0.09B.
Questions
What was International Paper's revenue in the first quarter 2026?
International Paper (IP) reported revenue of $6.0B for the first quarter 2026 (Q1 2026), +13% from a year earlier and -0.6% from the quarter before.
Was International Paper profitable in the first quarter 2026?
Operating profit was $77.0M (1.3% of revenue) and net earnings $60.0M.