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How LKQ (LKQ) makes money

LKQ (LKQ) made $3.3B of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Europe brought in $1.5B (44%); North America Segment brought in $1.4B (42%); Specialty brought in $465M (14%).

Drawing the Sankey…

LKQ revenue by segment, Q3 2026LKQ revenue by segment, Q3 2026Europe$1.5BNorth America Segment$1.4BSpecialty$465M
LKQ: revenue by line, Q1 2025 to Q3 2026LKQ: revenue by line, Q1 2025 to Q3 2026EuropeNorth America SegmentWholesale - North Ame…SpecialtyEurope: $1.5B latest$1.5BNorth America Segment: $1.4B latest$1.4BWholesale - North America Segment: $0 latestSpecialty: $465M latest$465MQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Specialty went from 12% of revenue in Q1 2025 to 14% in Q3 2026, the largest shift in the mix.
LKQ revenue by quarterLKQ revenue by quarter$3.3BQ1 2025$3.5BQ2 2025$3.5BQ3 2025$3.3BQ4 2025$3.5BQ1 2026$3.4BQ2 2026$3.3BQ3 2026
LKQ: where each dollar of revenue goesLKQ: where each dollar of revenue goesIncome tax1¢Operating cash flow12¢Free cash flow11¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Europe$1.5B43.8%-0.1%-10%
North America Segment$1.4B42.2%-4%-1%
Specialty$465M14.0%-5%+2%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.3B100.0%
Income tax$32.0M1.0%
Operating cash flow$411M12.4%
Free cash flow$372M11.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.3B-5%
Q2 2026$3.4B-3%
Q1 2026$3.5B+4%
Q4 2025$3.3B+3%
Q3 2025$3.5B+1%
Q2 2025$3.5B-5%
Q1 2025$3.3B-10%

From LKQ's 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does LKQ make money?

LKQ (LKQ) made $3.3B of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Europe brought in $1.5B (44%); North America Segment brought in $1.4B (42%); Specialty brought in $465M (14%).

What is LKQ's biggest business?

Europe: $1.5B in the third quarter 2026, 44% of revenue, -10% from a year earlier.

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