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Organon (OGN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Organon (OGN) Q3 2026 earnings results →

Q3 2026 Revenue down 2% year over year to $1.6B · 10¢ of every $1 of revenue kept as net profit · operating margin 16.2%

Organon made $1.6B in Q3 2026 (-2% Y/Y). Operating margin 16.2%, net earnings $164M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$1.6B
Year over year-2%
Operating margin16.2%
Net earnings$164M
Operating cash flow$370M

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Organon Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Organon 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 $1.6B in Q3 2026, down 2% year over year and up 1% from the previous quarter.

Gross margin was 55.2%, up 1.7 points from Q3 2025. Operating profit was $0.26B, a 16.2% margin (up 1.0 points year over year). Operating expenses grew 0% against a revenue fall of 2%. Net earnings were $0.16B, up 2% year over year. The effective tax rate was 35.7%.

Operating cash flow was $0.37B (up 40% year over year), 226% of net earnings. Non-cash charges added back $0.03B of depreciation and $0.02B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.04B left free cash flow of $0.33B.

Quarterly history

Organon revenue by quarterOrganon revenue by quarter$1.5BQ1 2025$1.6BQ2 2025$1.6BQ3 2025$1.5BQ4 2025$1.5BQ1 2026$1.6BQ2 2026$1.6BQ3 2026
Organon net earnings by quarterOrganon net earnings by quarter$87.0MQ1 2025$145MQ2 2025$160MQ3 2025−$205MQ4 2025$146MQ1 2026$108MQ2 2026$164MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$1.6B-2%16.2%$164M$370M
Q2 202610-QJul 31, 2026$1.6B-2%11.7%$108M$107M
Q1 202610-QMay 4, 2026$1.5B-4%14.6%$146M$225M
Q4 202510-KFeb 24, 2026$1.5B-5%-9.8%−$205M$141M
Q3 202510-QNov 10, 2025$1.6B+1%15.2%$160M$264M
Q2 202510-QAug 6, 2025$1.6B-0.8%14.4%$145M$220M
Q1 202510-QMay 2, 2025$1.5B-7%6.7%$87.0M$75.0M

Charts

Organon: revenue growth, year over year and quarter over quarterOrganon: revenue growth, year over year and quarter over quarterY/YQ/Q-7%Q1 2025-1%+5%Q2 2025+1%+1%Q3 2025-5%-6%Q4 2025-4%-3%Q1 2026-2%+7%Q2 2026-2%+1%Q3 2026
Latest (Q3 2026): Y/Y -2%, Q/Q +1%.
Organon: where the cash came from (+) and went (−), TTM to Q3 2026Organon: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$843MCash drawn (+) / kept (−)−$783MOther investing$369MNet borrowing (+) / repaid (−)−$214MCapital spending−$168MDividends−$20.0MExchange rates−$19.0MTaxes on employees’ shares−$8.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Organon: profit against cash, quarter by quarterOrganon: profit against cash, quarter by quarterNet incomeOperating cash flow$109M$390MQ4 2024$87.0M$75.0MQ1 2025$145M$220MQ2 2025$160M$264MQ3 2025−$205M$141MQ4 2025$146M$225MQ1 2026$108M$107MQ2 2026$164M$370MQ3 2026
Latest (Q3 2026): Net income $164M, Operating cash flow $370M.
Organon: diluted shares by fiscal yearOrganon: diluted shares by fiscal year254MFY2020254MFY2021255MFY2022256MFY2023259MFY2024261MFY2025
+2.9% since FY2020: more shares outstanding (issuance, stock pay).
Organon: long-term debt falling due (FY2025)Organon: long-term debt falling due (FY2025)$10.0M2026$10.0M2027$3.6B2028$10.0M2029$21.0M2030$5.1BLater
Cash $574M, short-term investments —, long-term debt $8.6B at 2025-12-31.
Organon in its industry: growth against margin (225 companies, SIC 2834)Organon in its industry: growth against margin (225 companies, SIC 2834)revenue growth, year over year →↑ operating marginmedian +11%median -50%JNJLLYMRKABBVPFEBMYABTREGNTEVAVTRSVRTXBHCZTSONCALNYELANJAZZBMRNPRGOAMRXUTHRRPRXNRIXINSMKeenova Therapeutics plcALKSMDGLPAHCSRPTPTCTINDVBBIOACADCORTPBHANIPKNSAPTGXHRMYIONSAXSMTGTXSUPNTVTXCOLLVREOFAMPHMIRMPCRXRARELQDAARQTIRWDARDXNATRXNCREBSZLABXERSINVACRMDMNKDRYTMURGNPHATAUPHSNDXRIGLLGNDEOLSARWRPGENHROWVNDAOPKSDGRGERNETONAGIOPBYITNGXCYRXCYTKMRVIORGONUVBLFVNSIGAKROSAMRNZVRASPRYHRTXAKBABCYCKPTIGYREMGNXELTPSEPNVRDNLFCRCrinetics Pharmaceuticals, Inc.VSTMKURATBPHLABADCTNAMSFBIOXLODERMARCTRMTIAYTUFHTXENTATNXPOCULASMBWVEAPMDBFRIABEOSTOKLXRXCAPRIDYANKTRZOMDFINBPJANXSBFMGOSSETSTRCUSCPIXLIFDCUEAQSTPRAXWHWKVERUEMMAGENBVRCACELUQUREZYMEEQABCLIMNMKYNBAKTSRNACVSICNTBTRAWISCOEVFMTVRDLPCNCAMPAtaiBeckley Inc.CTMXALMSPMHSACRSVTGNROIVKRROJAGXENSCKRSAABUSPRPHSTTKCPHITRDATXMDGOVXNWBOBIOEUPBIRDOVIDSPRBXBIOPRTAMCRBARVNMNOVSLNIGCBIOALGVNDNTHCPMDSPRORFLCOYASCYXBFRGSXTPBTAIQHCWBSERYARWRNACRGBPAVTXCLNNNTHIHINDAAGHALTONCOCRVOSKVIBOLTBDPTLYELIBOPULMOGN (-2%, 16%)
Pharmaceutical Preparations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵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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Customers and suppliers named in filings

Sells to

About Organon

Organon & Co. (“Organon,” the “Company,” “we,” “our,” or “us”) is a global healthcare company with a mission to deliver impactful medicines and solutions for a healthier every day. With a portfolio of over 70 products across women’s health and general medicines, which includes biosimilars, Organon focuses on addressing health needs that uniquely, disproportionately or differently affect women, while expanding access to essential treatments in over 140 countries and territories. We sell these products through various channels including drug wholesalers and retailers, hospitals, government agencies and managed healthcare providers such as health maintenance organizations, pharmacy benefit managers and other institutions. We operate six manufacturing facilities, which are located in Belgium, Brazil, Indonesia, Mexico, the Netherlands and the United Kingdom (“UK”).

In its own words, from its 10-K, filed Feb 24, 2026.

Organon against its Pharmaceutical Preparations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +7%. Operating margin: 16.2% against the peers' median 20.4%.

CompanyQuarterRevenueY/YOp. margin
OGN OrganonQ3 2026$1.6B-2%16.2%
JNJ Johnson & JohnsonQ3 2026$25.4B+6%0.1%
LLY ELI LillyQ3 2026$24.4B+39%34.5%
MRK MerckQ3 2026$18.1B+5%30.7%
ABBV AbbVieQ3 2026$17.4B+10%36.0%
PFE PfizerQ3 2026$16.6B-0.4%20.4%
BMY Bristol Myers SquibbQ3 2026$13.1B+7%19.4%
ABT Abbott LaboratoriesQ3 2026$13.0B+14%10.4%
REGN Regeneron PharmaceuticalsQ3 2026$5.1B+36%40.0%

Source: Organon 10-Q on SEC EDGAR · CIK 1821825 · Pharmaceutical Preparations

Guidance and outlook

Organon: what its forward-looking statements are about (10-Q filed 2026-10-30)Organon: what its forward-looking statements are about (10-Q filed 2026-10-30)Demand3Other2Products1Financing1Capital spending1Deals1Costs1
10 statements; tone +0.10 (−1 all cautious, +1 all confident); 3 hedged.
Organon: outlook statements against the filing beforeOrganon: outlook statements against the filing beforeConfident2Cautious1

13F: who owns OGN and who is buying

Largest holders of OGN (13F)Largest holders of OGN (13F)BlackRock$434MVanguard Group$265MPentwater Capital Management LP$245MVanguard Portfolio Management LLC$205MVanguard Capital Management LLC$161MState Street$131MGoldman Sachs Group$70.4MUBS Group AG$65.8MGeode Capital Management, LLC$65.2MMan Group$56.6M
Funds' net buying of OGN by quarter (13F)Funds' net buying of OGN by quarter (13F)−$24.7M2024-09−$100M2024-12−$72.2M2025-03$105M2025-06−$130M2025-09−$10.8M2025-12$5.2M2026-03$332M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OGN

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:Organon(OGN)财报

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