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Mattel (MAT) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Mattel (MAT) Q3 2026 earnings results →

Q3 2026 Revenue up 4% year over year to $1.8B · 20¢ of every $1 of revenue kept as net profit · operating margin 26.4%

Mattel made $1.8B in Q3 2026 (+4% Y/Y). Operating margin 26.4%, net earnings $354M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$1.8B

Year over year+4%

Operating margin26.4%

Net earnings$354M

Operating cash flow$88.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.8B in Q3 2026, up 4% year over year and up 61% from the previous quarter.

Gross margin was 54.8%, up 4.8 points from Q3 2025. Operating profit was $0.48B, a 26.4% margin (up 4.5 points year over year). Of the extra revenue versus Q3 2025, 136% reached operating profit, above the 22% margin then. Operating expenses grew 5% against revenue growth of 4%. The fastest-growing cost line was Research & development (+24%). Net earnings were $0.35B, up 27% year over year. The effective tax rate was 21.5%.

Operating cash flow was $0.09B (up 23% year over year), 25% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization. Working capital and other items used $0.32B. Capital expenditures of $0.04B left free cash flow of $0.05B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 6, 2026	$1.8B	+4%	26.4%	$354M	$88.6M
Q2 2026	10-Q	Aug 6, 2026	$1.1B	+10%	1.0%	−$18.2M	−$179M
Q1 2026	10-Q	May 1, 2026	$862M	+4%	-11.9%	$61.0M	−$22.9M
Q4 2025	10-K	Feb 23, 2026	$1.8B	+7%	8.0%	$106M	$797M
Q3 2025	10-Q	Oct 29, 2025	$1.7B	-6%	21.9%	$278M	$72.0M
Q2 2025	10-Q	Jul 29, 2025	$1.0B	-6%	7.7%	$53.4M	−$300M
Q1 2025	10-Q	May 6, 2025	$827M	+2%	-6.4%	−$40.3M	$24.8M

Charts

Latest (Q3 2026): Y/Y +4%, Q/Q +61%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $354M, Operating cash flow $88.6M.

-7.8% since FY2020: buybacks shrank the count.

Cash $1.2B, short-term investments —, long-term debt $2.3B at 2025-12-31.