Filing Flows › Madison Air Solutions (MAIR) › Q3 2026
Madison Air Solutions (MAIR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Madison Air Solutions (MAIR) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +25% from a year earlier and +14% from the quarter before. Operating margin was 19.1%, net earnings $107M (9.5% of revenue).
Madison Air Solutions, Q3 2026: revenue $1.1B (+25% year over year), operating margin 19.1%, net earnings $107M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +14% | +25% |
| Operating profit | $215M | +10% | +18% |
| Net earnings | $107M | +52% | +89% |
| Operating cash flow | $172M | — | -0.7% |
| Free cash flow | $158M | — | -2% |
What changed
Revenue was $1.1B in Q3 2026, up 25% year over year and up 14% from the previous quarter. Commercial was the largest line at 69% of revenue. Commercial added $0.22B year over year (up 39%), 95% of the total change.
Operating profit was $0.21B, a 19.1% margin (down 1.1 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 20% margin then. Total costs grew 27% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were $0.11B, up 140% year over year. The effective tax rate was 15.8%.
Operating cash flow was $0.17B (down 1% year over year), 160% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.01B left free cash flow of $0.16B.
Questions
What was Madison Air Solutions' revenue in the third quarter 2026?
Madison Air Solutions (MAIR) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +25% from a year earlier and +14% from the quarter before.
Was Madison Air Solutions profitable in the third quarter 2026?
Operating profit was $215M (19.1% of revenue) and net earnings $107M.