Filing Flows › Leslie's (LESL) › Q3 FY26
Leslie's (LESL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 12, 2026
Leslie's (LESL) reported revenue of $458M for the third quarter fiscal 2026 (Q3 FY26), -8% from a year earlier and +148% from the quarter before. Operating margin was 13.4%, net earnings $47.8M (10.4% of revenue).
Leslie's, Q3 FY26: revenue $458M (-8% year over year), operating margin 13.4%, net earnings $47.8M, operating cash flow $99.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $458M | +148% | -8% |
| Gross profit | $167M | +213% | -16% |
| Operating profit | $61.5M | — | -10% |
| Net earnings | $47.8M | — | +120% |
| Operating cash flow | $99.0M | — | -14% |
| Free cash flow | $97.9M | — | -9% |
What changed
Revenue was $458.5M in Q3 FY26, down 8% year over year and up 148% from the previous quarter.
Gross margin was 36.5%, down 3.1 points from Q3 FY25. Operating profit was $61.5M, a 13.4% margin (down 0.2 points year over year). Operating expenses fell 18% while revenue fell 8%. Net earnings were $47.8M, up 120% year over year. The effective tax rate was -1.0%.
Operating cash flow was $99.0M (down 14% year over year), 207% of net earnings. Non-cash charges added back $7.6M of depreciation and amortization and $796K of share-based compensation. Working capital and other items added $42.8M. Capital expenditures of $1.0M left free cash flow of $97.9M.
Questions
What was Leslie's revenue in the third quarter fiscal 2026?
Leslie's (LESL) reported revenue of $458M for the third quarter fiscal 2026 (Q3 FY26), -8% from a year earlier and +148% from the quarter before.
Was Leslie's profitable in the third quarter fiscal 2026?
Operating profit was $61.5M (13.4% of revenue) and net earnings $47.8M.
Source: Leslie's 10-Q on SEC EDGAR.