Filing Flows › International Paper (IP) › Q3 2026
International Paper (IP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
International Paper (IP) reported revenue of $6.2B for the third quarter 2026 (Q3 2026), -0.4% from a year earlier and +3% from the quarter before. Operating margin was -19.7%, net loss $1.1B (18.2% of revenue).
International Paper, Q3 2026: revenue $6.2B (-0.4% year over year), operating margin -19.7%, net loss $1.1B, operating cash flow $339M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2B | +3% | -0.4% |
| Operating profit | −$1.2B | — | — |
| Net earnings | −$1.1B | — | — |
| Operating cash flow | $339M | -36% | -44% |
What changed
Revenue was $6.2B in Q3 2026, roughly flat year over year and up 3% from the previous quarter.
Operating costs exceeded revenue by $1.2B, an operating margin of -19.7%. Total costs fell 2% while revenue was flat. The fastest-growing cost line was SG&A (+13%). The quarter ended with a net loss of $1.1B, wider than the previous quarter's $0.01B loss.
Operating cash flow was $0.34B (down 44% year over year). Non-cash charges added back $0.53B of depreciation and amortization. Working capital and other items added $0.94B. Capital expenditures of $0.61B exceeded it, leaving free cash flow of −$0.27B.
Questions
What was International Paper's revenue in the third quarter 2026?
International Paper (IP) reported revenue of $6.2B for the third quarter 2026 (Q3 2026), -0.4% from a year earlier and +3% from the quarter before.
Was International Paper profitable in the third quarter 2026?
Operating loss was $1.2B (-19.7% of revenue) and net loss $1.1B.