Filing Flows › Newell Brands (NWL) › Q3 2026 › vs Q2 2026
Newell Brands (NWL) Q3 2026 vs Q2 2026 (quarter over quarter)
Newell Brands's revenue fell $121M (-6%) from $2.0B in Q2 2026 to $1.9B in Q3 2026. The biggest changes: Learning and Development −$159M (-19%); Home and Commercial Solutions +$109M (+12%); Outdoor and Recreation −$71.0M (-30%).
Newell Brands, Q3 2026: revenue $1.9B (+4% year over year), operating margin 1.4%, net loss $81.0M, operating cash flow $297M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 13.3% | -0.9% | +14.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Home and Commercial Solutions | $1.0B | $903M | $109M | +12% |
| Learning and Development | $692M | $851M | −$159M | -19% |
| Outdoor and Recreation | $169M | $240M | −$71.0M | -30% |
| Revenue | $1.9B | $2.0B | −$121M | -6% |
| Income tax benefit | $11.0M | −$89.0M | $100M | — |
| Net loss | $81.0M | −$106M | $187M | — |
| Costs & expenses | $2.0B | $2.0B | −$29.0M | -1% |
| Operating costs | $1.8B | $1.7B | $135M | +8% |
| Interest & other, net | $119M | $88.0M | $31.0M | +35% |
| Cost of revenue | $1.2B | $1.2B | $42.0M | +4% |
| SG&A | $508M | $519M | −$11.0M | -2% |
| Other operating costs | $114M | $10.0M | $104M | 11× |
| Operating cash sources | $378M | −$77.0M | $455M | — |
| Depreciation & amortization | $77.0M | $78.0M | −$1.0M | -1% |
| Share-based compensation | $13.0M | $20.0M | −$7.0M | -35% |
| Working capital & other | $288M | −$175M | $463M | — |
| Net loss absorbed | $81.0M | −$106M | $187M | — |
| Operating cash flow | $297M | $29.0M | $268M | +924% |
| Free cash flow (OCF − capex) | $250M | −$18.0M | $268M | — |
| Capital expenditures | $47.0M | $47.0M | $0 | 0% |
Questions
How much did Newell Brands's revenue grow quarter over quarter in Q3 2026?
Newell Brands's revenue fell $121M (-6%) from $2.0B in Q2 2026 to $1.9B in Q3 2026.
What drove Newell Brands's revenue change in Q3 2026?
Learning and Development −$159M (-19%); Home and Commercial Solutions +$109M (+12%); Outdoor and Recreation −$71.0M (-30%).