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How Levi Strauss (LEVI) makes money

Levi Strauss (LEVI) made $1.6B of revenue in the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier. Americas brought in $839M (52%); Europe brought in $442M (27%); Asia brought in $293M (18%). Of every dollar of revenue, 66¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.

Drawing the Sankey…

Levi Strauss revenue by segment, Q3 FY26Levi Strauss revenue by segment, Q3 FY26Americas$839MEurope$442MAsia$293MBeyond Yoga®$36.0M
Levi Strauss: revenue by line, Q2 FY25 to Q3 FY26Levi Strauss: revenue by line, Q2 FY25 to Q3 FY26AmericasEuropeAsiaBeyond Yoga®Americas: $839M latest$839MEurope: $442M latest$442MAsia: $293M latest$293MBeyond Yoga®: $36.0M latestQ2 FY25Q3 FY25Q1 FY26Q2 FY26Q3 FY26
The mix barely moved between Q2 FY25 and Q3 FY26.
Levi Strauss revenue by quarterLevi Strauss revenue by quarter$1.8BQ4 FY24$1.4BQ2 FY25$1.5BQ3 FY25$1.8BQ4 FY25$1.7BQ1 FY26$1.6BQ2 FY26$1.6BQ3 FY26
Levi Strauss: where each dollar of revenue goesLevi Strauss: where each dollar of revenue goesCost of revenue34¢Gross profit66¢Operating expenses52¢Operating profit14¢Income tax3¢Net earnings10¢Operating cash flow6¢Free cash flow3¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Americas$839M52.1%+3%+4%
Europe$442M27.5%+5%+4%
Asia$293M18.2%+3%+5%
Beyond Yoga®$36.0M2.2%-15%+9%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$1.6B100.0%
Cost of revenue$544M33.8%
Gross profit$1.1B66.2%
Operating expenses$844M52.4%
Operating profit$222M13.8%
Income tax$51.5M3.2%
Net earnings$169M10.5%
Operating cash flow$103M6.4%
Free cash flow$44.3M2.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$1.6B+4%
Q2 FY26$1.6B+8%
Q1 FY26$1.7B+14%
Q4 FY25$1.8B+0.9%
Q3 FY25$1.5B+7%
Q2 FY25$1.4B+6%
Q4 FY24$1.8B+12%

From Levi Strauss' 10-Q filed Oct 7, 2026 (on EDGAR).

Questions

How does Levi Strauss make money?

Levi Strauss (LEVI) made $1.6B of revenue in the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier. Americas brought in $839M (52%); Europe brought in $442M (27%); Asia brought in $293M (18%). Of every dollar of revenue, 66¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.

What is Levi Strauss' biggest business?

Americas: $839M in the third quarter fiscal 2026, 52% of revenue, +4% from a year earlier.

What is Levi Strauss' profit margin?

Net earnings were $169M, 10.5% of revenue, in the third quarter fiscal 2026; the operating margin was 13.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.