Filing Flows › Lamar Advertising (LAMR) › Q3 2026 › vs Q3 2025
Lamar Advertising (LAMR) Q3 2026 vs Q3 2025 (year over year)
Lamar Advertising's revenue rose $38.9M (+7%) from $586M in Q3 2025 to $624M in Q3 2026. The biggest changes: Billboard advertising +$37.5M (+7%); Transit advertising +$1.3M (+3%); Logo advertising +$90K (+0.4%). Operating margin 33.5% against 32.3% (+1.2 pts).
Lamar Advertising, Q3 2026: revenue $624M (+7% year over year), operating margin 33.5%, net earnings $162M, operating cash flow $284M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 33.5% | 32.3% | +1.2 pts |
| Net margin | 25.9% | 24.2% | +1.7 pts |
| Free cash flow margin | 38.3% | 31.7% | +6.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Billboard advertising | $562M | $525M | $37.5M | +7% |
| Transit advertising | $39.9M | $38.6M | $1.3M | +3% |
| Logo advertising | $22.3M | $22.2M | $90K | +0.4% |
| Revenue | $624M | $586M | $38.9M | +7% |
| Operating profit | $209M | $189M | $20.4M | +11% |
| Costs & expenses | $415M | $396M | $18.6M | +5% |
| Pre-tax earnings | $169M | $147M | $22.0M | +15% |
| Other expense, net | $40.8M | $42.4M | −$1.7M | -4% |
| Cost of revenue | $196M | $188M | $8.7M | +5% |
| General & admin | $101M | $93.0M | $7.7M | +8% |
| Other operating costs | $118M | $116M | $2.2M | +2% |
| Net earnings | $162M | $142M | $20.1M | +14% |
| Minority interests | $3.2M | $2.3M | $832K | +36% |
| Income tax | $3.6M | $2.6M | $1.1M | +41% |
| Depreciation & amortization | $101M | $86.3M | $14.4M | +17% |
| Share-based compensation | $13.1M | $7.6M | $5.5M | +72% |
| Working capital & other | $8.5M | $48K | $8.4M | 177× |
| Operating cash flow | $284M | $236M | $48.4M | +21% |
| Free cash flow (OCF − capex) | $239M | $186M | $53.3M | +29% |
| Capital expenditures | $45.0M | $49.9M | −$4.9M | -10% |
Questions
How much did Lamar Advertising's revenue grow year over year in Q3 2026?
Lamar Advertising's revenue rose $38.9M (+7%) from $586M in Q3 2025 to $624M in Q3 2026.
What drove Lamar Advertising's revenue change in Q3 2026?
Billboard advertising +$37.5M (+7%); Transit advertising +$1.3M (+3%); Logo advertising +$90K (+0.4%).