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Marketwise (MKTW) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Marketwise (MKTW) Q3 2026 earnings results →

Q3 2026 Revenue down 2% year over year to $80.1M · 2¢ of every $1 of revenue kept as net profit · operating margin 19.8%

Marketwise made $80.1M in Q3 2026 (-2% Y/Y). Operating margin 19.8%, net earnings $1.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$80.1M
Year over year-2%
Operating margin19.8%
Net earnings$1.5M
Operating cash flow$7.8M

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 $80.1M in Q3 2026, down 1% year over year and up 6% from the previous quarter.

Operating profit was $15.9M, a 19.8% margin (down 2.1 points year over year). Total costs grew 1% against a revenue fall of 1%. The fastest-growing cost line was Research & development (+13%). Net earnings were $1.5M, up 3% year over year. The effective tax rate was 6.1%.

Operating cash flow was $7.8M (up 261% year over year), 52% of net income including minority interests. Non-cash charges added back $535K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $8.8M. Capital expenditures of −$548K left free cash flow of $8.4M.

Quarterly history

Marketwise revenue by quarterMarketwise revenue by quarter$83.5MQ1 2025$80.0MQ2 2025$81.3MQ3 2025$83.4MQ4 2025$77.0MQ1 2026$75.8MQ2 2026$80.1MQ3 2026
Marketwise net earnings by quarterMarketwise net earnings by quarter$890KQ1 2025$1.3MQ2 2025$1.5MQ3 2025$1.9MQ4 2025−$554KQ1 2026−$2.6MQ2 2026$1.5MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$80.1M-2%19.8%$1.5M$7.8M
Q2 202610-QAug 6, 2026$75.8M-5%-5.6%−$2.6M$22.4M
Q1 202610-QMay 7, 2026$77.0M-8%-1.4%−$554K−$2.1M
Q4 202510-KMar 6, 2026$83.4M-14%15.8%$1.9M$24.2M
Q3 202510-QNov 6, 2025$81.3M-16%21.9%$1.5M$2.2M
Q2 202510-QAug 7, 2025$80.0M-24%18.5%$1.3M$17.8M
Q1 202510-QMay 8, 2025$83.5M-23%20.1%$890K$1.7M

Charts

Marketwise: revenue growth, year over year and quarter over quarterMarketwise: revenue growth, year over year and quarter over quarterY/YQ/Q-23%Q1 2025-24%-4%Q2 2025-16%+2%Q3 2025-14%+3%Q4 2025-8%-8%Q1 2026-5%-2%Q2 2026-2%+6%Q3 2026
Latest (Q3 2026): Y/Y -2%, Q/Q +6%.
Marketwise: where the cash came from (+) and went (−), TTM to Q3 2026Marketwise: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$52.4MOther financing−$49.9MCash drawn (+) / kept (−)$23.1MPartners−$14.2MDividends−$4.6MTaxes on employees’ shares−$2.6MOther investing−$2.3MBuybacks−$2.0MCapital spending−$292KShares issued$278KExchange rates$27K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Marketwise: profit against cash, quarter by quarterMarketwise: profit against cash, quarter by quarterNet incomeOperating cash flow$26.4M$6.0MQ4 2024$16.8M$1.7MQ1 2025$15.3M$17.8MQ2 2025$17.9M$2.2MQ3 2025$14.0M$24.2MQ4 2025−$554K−$2.1MQ1 2026−$2.6M$22.4MQ2 2026$15.1M$7.8MQ3 2026
Latest (Q3 2026): Net income $15.1M, Operating cash flow $7.8M.
Marketwise: diluted shares by fiscal yearMarketwise: diluted shares by fiscal year25MFY20222MFY20232MFY20242MFY2025
-90.2% since FY2022: buybacks shrank the count.
Marketwise in its industry: growth against margin (192 companies, SIC 7372)Marketwise in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYMKTW (-2%, 20%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Marketwise

We started in 1999 with the simple idea that, if we could publish intelligent, independent, insightful, and in-depth investment research and treat the subscriber the way we would want to be treated, then subscribers would renew their subscriptions and stay with us. That simple idea worked and has guided our decisions ever since. Today, we are a leading multi-brand platform of subscription businesses that provides premium financial research, software, education, and tools for self-directed investors. We provide our subscribers with the research, education, and tools that they need to navigate the financial markets.

In its own words, from its 10-K, filed Mar 6, 2026.

Marketwise against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +14%. Operating margin: 19.8% against the peers' median 19.8%.

CompanyQuarterRevenueY/YOp. margin
MKTW MarketwiseQ3 2026$80.1M-2%19.8%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Marketwise 10-Q on SEC EDGAR · CIK 1805651 · Services-Prepackaged Software

Guidance and outlook

Marketwise: what its forward-looking statements are about (10-Q filed 2026-11-05)Marketwise: what its forward-looking statements are about (10-Q filed 2026-11-05)Other5Buybacks & dividends4Demand2Deals1Margins1Financing1The economy1Capital spending1
16 statements; tone +0.19 (−1 all cautious, +1 all confident); 3 hedged.
Marketwise: outlook statements against the filing beforeMarketwise: outlook statements against the filing beforeConfident4Cautious1

13F: who owns MKTW and who is buying

Largest holders of MKTW (13F)Largest holders of MKTW (13F)Barclays$3.1MBlackRock$2.6MPhraction Management LLC$1.4MVanguard Group$1.3MVanguard Capital Management LLC$1.1MGeode Capital Management, LLC$992KState Street$588KAQR Capital Management LLC$572KRenaissance Technologies LLC$460KMTM Investment Management, LLC$423K
Funds' net buying of MKTW by quarter (13F)Funds' net buying of MKTW by quarter (13F)$8K2025-03$13.4M2025-06$65K2025-09−$184K2025-12−$196K2026-03$966K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MKTW

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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