Filing Flows › Levi Strauss (LEVI) › Q3 FY26
Levi Strauss (LEVI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Oct 7, 2026
Levi Strauss (LEVI) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +3% from the quarter before. Operating margin was 13.8%, net earnings $169M (10.5% of revenue).
Levi Strauss, Q3 FY26: revenue $1.6B (+4% year over year), operating margin 13.8%, net earnings $169M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +3% | +4% |
| Gross profit | $1.1B | +9% | +12% |
| Operating profit | $222M | +82% | +33% |
| Net earnings | $169M | +93% | -23% |
| Operating cash flow | $103M | -62% | +315% |
| Free cash flow | $44.3M | — | — |
What changed
Revenue was $1.6B in Q3 FY26, up 4% year over year and up 3% from the previous quarter. Americas was the largest line at 52% of revenue. Americas added $0.03B year over year (up 4%), 49% of the total change.
Gross margin was 66.2%, up 4.6 points from Q3 FY25. Operating profit was $0.22B, a 13.8% margin (up 3.0 points year over year). Of the extra revenue versus Q3 FY25, 83% reached operating profit, above the 11% margin then. Operating expenses grew 8% against revenue growth of 4%. Net earnings were $0.17B, down 23% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.10B (up 315% year over year), 61% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.14B. After purchases of property, plant and equipment ($0.06B), adjusted free cash flow as the company reports it was $0.04B.
Questions
What was Levi Strauss' revenue in the third quarter fiscal 2026?
Levi Strauss (LEVI) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +3% from the quarter before.
Was Levi Strauss profitable in the third quarter fiscal 2026?
Operating profit was $222M (13.8% of revenue) and net earnings $169M.
Source: Levi Strauss 10-Q on SEC EDGAR.