Filing Flows › Leidos Holdings (LDOS) › How it makes money
How Leidos Holdings (LDOS) makes money
Leidos Holdings (LDOS) made $4.6B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Intelligence & Digital brought in $1.5B (33%); Health brought in $1.1B (23%); Homeland brought in $1.0B (22%). Of every dollar of revenue, 12¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Intelligence & Digital | $1.5B | 33.2% | +3% | +2% |
| Health | $1.1B | 23.1% | -2% | -11% |
| Homeland | $1.0B | 22.2% | +0.5% | +32% |
| Defense | $992M | 21.5% | +4% | +3% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.6B | 100.0% |
| Operating profit | $553M | 12.0% |
| Income tax | $69.0M | 1.5% |
| Net earnings | $413M | 8.9% |
| Operating cash flow | $523M | 11.3% |
| Free cash flow | $476M | 10.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.6B | +4% |
| Q2 2026 | $4.6B | +7% |
| Q1 2026 | $4.4B | +4% |
| Q4 2025 | $4.2B | -4% |
| Q3 2025 | $4.5B | +7% |
| Q2 2025 | $4.3B | +3% |
| Q1 2025 | $4.2B | +7% |
From Leidos Holdings' 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Leidos Holdings make money?
Leidos Holdings (LDOS) made $4.6B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Intelligence & Digital brought in $1.5B (33%); Health brought in $1.1B (23%); Homeland brought in $1.0B (22%). Of every dollar of revenue, 12¢ was left as operating profit, 9¢ was left as net earnings.
What is Leidos Holdings' biggest business?
Intelligence & Digital: $1.5B in the third quarter 2026, 33% of revenue, +2% from a year earlier.
What is Leidos Holdings' profit margin?
Net earnings were $413M, 8.9% of revenue, in the third quarter 2026; the operating margin was 12.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.