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Newmont (NEM) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Newmont (NEM) Q3 2026 earnings results →

Q3 2026 Revenue up 15% year over year to $6.4B · 39¢ of every $1 of revenue kept as net profit · operating margin 49.7%

Newmont made $6.4B in Q3 2026 (+15% Y/Y): Gold Sales from Doré Production $4.1B, Sales from Concentrate and Other Production $2.2B. Operating margin 49.7%, net earnings $2.5B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.

Revenue$6.4B
Year over year+15%
Operating margin49.7%
Net earnings$2.5B
Operating cash flow$2.8B

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

Newmont Q3 2026 revenue breakdown: Sankey diagram of revenue (Gold Sales from Doré Production, Sales from Concentrate and Other Production), costs, profit and cash flow
Newmont Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $6.4B in Q3 2026, up 15% year over year and up 4% from the previous quarter. Gold Sales from Doré Production was the largest line at 65% of revenue. Gold Sales from Doré Production added $0.68B year over year (up 20%), 81% of the total change.

Operating profit was $3.2B, a 49.7% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 70% reached operating profit, above the 47% margin then. Total costs grew 9% against revenue growth of 15%. The fastest-growing cost line was Research & development (+45%). Net earnings were $2.5B, up 35% year over year. The effective tax rate was 25.0%.

Operating cash flow was $2.8B (up 20% year over year), 110% of net earnings. Non-cash charges added back $0.63B of depreciation and amortization. Working capital and other items used $0.38B. After additions to property, plant and mine development ($0.86B), free cash flow as the company reports it was $1.9B.

Quarterly history

Newmont revenue by quarterNewmont revenue by quarter$5.0BQ1 2025$5.3BQ2 2025$5.5BQ3 2025$6.8BQ4 2025$7.3BQ1 2026$6.1BQ2 2026$6.4BQ3 2026
Newmont net earnings by quarterNewmont net earnings by quarter$1.9BQ1 2025$2.1BQ2 2025$1.8BQ3 2025$1.3BQ4 2025$3.3BQ1 2026$2.2BQ2 2026$2.5BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 22, 2026$6.4B+15%49.7%$2.5B$2.8B
Q2 202610-QJul 23, 2026$6.1B+15%50.6%$2.2B$2.9B
Q1 202610-QApr 23, 2026$7.3B+46%61.1%$3.3B$3.8B
Q4 202510-KFeb 19, 2026$6.8B+21%45.0%$1.3B$3.6B
Q3 202510-QOct 23, 2025$5.5B+20%46.6%$1.8B$2.3B
Q2 202510-QJul 24, 2025$5.3B+21%57.7%$2.1B$2.4B
Q1 202510-QApr 24, 2025$5.0B+24%44.9%$1.9B$2.0B

Charts

Newmont: revenue growth, year over year and quarter over quarterNewmont: revenue growth, year over year and quarter over quarterY/YQ/Q+24%Q1 2025+21%+6%Q2 2025+20%+4%Q3 2025+21%+23%Q4 2025+46%+7%Q1 2026+15%-16%Q2 2026+15%+4%Q3 2026
Latest (Q3 2026): Y/Y +15%, Q/Q +4%.
Newmont: where the cash came from (+) and went (−), TTM to Q3 2026Newmont: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$13.1BBuybacks−$5.7BCash drawn (+) / kept (−)−$3.2BCapital spending−$3.0BDividends−$1.1BOther investing$394MNet borrowing (+) / repaid (−)−$212MPartners−$192MOther financing−$66.0MExchange rates−$22.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Newmont: profit against cash, quarter by quarterNewmont: profit against cash, quarter by quarterNet incomeOperating cash flow$1.4B$2.5BQ4 2024$1.9B$2.0BQ1 2025$2.1B$2.4BQ2 2025$1.8B$2.3BQ3 2025$1.3B$3.6BQ4 2025$3.3B$3.8BQ1 2026$2.3B$2.9BQ2 2026$2.5B$2.8BQ3 2026
Latest (Q3 2026): Net income $2.5B, Operating cash flow $2.8B.
Newmont: diluted shares by fiscal yearNewmont: diluted shares by fiscal year806MFY2020801MFY2021795MFY2022841MFY20231.15BFY20241.11BFY2025
+37.5% since FY2020: more shares outstanding (issuance, stock pay).
Newmont: long-term debt falling due (FY2025)Newmont: long-term debt falling due (FY2025)$267M2029$671M2030$4.4BLater
Cash $7.6B, short-term investments $594M, long-term debt $5.1B at 2025-12-31.
Newmont in its industry: growth against margin (11 companies, SIC 1040)Newmont in its industry: growth against margin (11 companies, SIC 1040)revenue growth, year over year →↑ operating marginmedian +16%median 13%BCDEFNVMUXIAUXURGIDRFTCONMEXVRDRNEM (+15%, 50%)
Gold and Silver Ores; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

Gold & silver miners money flowGold & silver miners · Gold miners

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About Newmont

Newmont Corporation was incorporated in 1921 and is primarily a gold producer with significant operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. At December 31, 2025, Newmont had attributable proven and probable gold reserves of 118.2 million ounces, attributable measured and indicated gold resources of 88.1 million ounces, attributable inferred gold resources of 60.6 million ounces, and an aggregate land position of approximately 19,200 square miles (49,800 square kilometers). Newmont is also engaged in the production of copper, silver, lead, and zinc. As the world’s leading gold company, Newmont remains committed to creating value and improving lives through sustainable and responsible mining.

In its own words, from its 10-K, filed Feb 19, 2026.

Newmont against its Gold and Silver Ores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +27%. Operating margin: 49.7% against the peers' median 38.5%.

CompanyQuarterRevenueY/YOp. margin
NEM NewmontQ3 2026$6.4B+15%49.7%
B Barrick MiningQ2 2025$3.7B+16%38.5%
CDE Coeur MiningQ3 2026$984M+77%17.7%
WPM Wheaton Precious MetalsQ3 2026$772M—66.2%
AG First Majestic SilverQ3 2026$394M—38.6%
FNV Franco NevadaQ2 2025$369M+42%82.8%
MUX McEwenQ2 2026$59.2M+27%13.0%
IAUX i-80 GoldQ3 2026$32.7M+2%-132.4%
URG Ur-EnergyQ2 2026$14.4M+38%-128.3%

Source: Newmont 10-Q on SEC EDGAR · CIK 1164727 · Gold and Silver Ores

Guidance and outlook

Newmont Revenue: guidance against what was reportedNewmont Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$18.7B
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Newmont: what its forward-looking statements are about (10-Q filed 2026-10-22)Newmont: what its forward-looking statements are about (10-Q filed 2026-10-22)Other9Financing3Costs2Tax1Buybacks & dividends1The economy1Supply chain1Legal & regulation1Demand1
20 statements; tone +0.15 (−1 all cautious, +1 all confident); 3 hedged.
Newmont: outlook statements against the filing beforeNewmont: outlook statements against the filing beforeNew4Updated1Dropped1Confident4Cautious1

13F: who owns NEM and who is buying

Largest holders of NEM (13F)Largest holders of NEM (13F)Vanguard Group$13.4BBlackRock$11.3BVanguard Capital Management LLC$6.5BState Street$4.9BVanguard Portfolio Management LLC$3.6BVan ECK Associates$3.0BGeode Capital Management, LLC$2.7BFirst Eagle Investment Management…$2.2BFMR LLC$1.9BInvesco$1.6B
Funds' net buying of NEM by quarter (13F)Funds' net buying of NEM by quarter (13F)$225M2024-09−$687M2024-12−$74.7M2025-03$2.0B2025-06−$1.4B2025-09$1.2B2025-12−$452M2026-03$735M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NEM

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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中文版：纽蒙特（NEM）财报

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