Filing Flows › Lamar Advertising (LAMR) › Q3 2026
Lamar Advertising (LAMR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Lamar Advertising (LAMR) reported revenue of $624M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +1% from the quarter before. Operating margin was 33.5%, net earnings $162M (25.9% of revenue).
Lamar Advertising, Q3 2026: revenue $624M (+7% year over year), operating margin 33.5%, net earnings $162M, operating cash flow $284M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $624M | +1% | +7% |
| Operating profit | $209M | +0.7% | +11% |
| Net earnings | $162M | +0.7% | +14% |
| Operating cash flow | $284M | +13% | +21% |
| Free cash flow | $239M | +14% | +29% |
What changed
Revenue was $624.5M in Q3 2026, up 7% year over year and up 1% from the previous quarter. Billboard advertising was the largest line at 90% of revenue. Billboard advertising added $37.5M year over year (up 7%), 96% of the total change.
Operating profit was $209.4M, a 33.5% margin (up 1.2 points year over year). Of the extra revenue versus Q3 2025, 52% reached operating profit, above the 32% margin then. Total costs grew 5% against revenue growth of 7%. Net earnings were $161.9M, up 14% year over year. The effective tax rate was 2.2%.
Operating cash flow was $284.1M (up 21% year over year), 172% of net earnings. Non-cash charges added back $100.6M of depreciation and amortization and $13.1M of share-based compensation. Capital expenditures of $45.0M left free cash flow of $239.1M.
Questions
What was Lamar Advertising's revenue in the third quarter 2026?
Lamar Advertising (LAMR) reported revenue of $624M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +1% from the quarter before.
Was Lamar Advertising profitable in the third quarter 2026?
Operating profit was $209M (33.5% of revenue) and net earnings $162M.
Source: Lamar Advertising 10-Q on SEC EDGAR.