Filing Flows › Consumer Discretionary › Openlane (OPLN)
Openlane (OPLN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Openlane (OPLN) Q3 2026 earnings results →
Q3 2026 Revenue up 13% year over year to $561M · 8¢ of every $1 of revenue kept as net profit · operating margin 12.5%
Openlane made $561M in Q3 2026 (+13% Y/Y): Auction and Related Fees $253M, Purchased vehicle sales $119M, Finance revenue $115M. Operating margin 12.5%, net earnings $44.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $561.2M in Q3 2026, up 13% year over year and up 1% from the previous quarter. Auction and Related Fees was the largest line at 45% of revenue. Auction and Related Fees added $38.0M year over year (up 18%), 61% of the total change.
Operating profit was $70.4M, a 12.5% margin (up 1.5 points year over year). Of the extra revenue versus Q3 2025, 25% reached operating profit, above the 11% margin then. Total costs grew 11% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $44.7M, down 7% year over year. The effective tax rate was 25.6%.
Operating cash flow was $97.1M (up 34% year over year), 217% of net earnings. Non-cash charges added back $21.5M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $24.2M. After purchases of property, equipment and computer software ($13.8M), free cash flow as the company reports it was $83.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $561M | +13% | 12.5% | $44.7M | $97.1M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $555M | +15% | 12.2% | $44.3M | $52.8M |
| Q1 2026 | 10-Q | May 5, 2026 | $528M | +15% | 14.0% | $48.9M | $160M |
| Q4 2025 | 10-K | Feb 18, 2026 | $494M | +9% | 8.6% | $59.5M | $126M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $498M | +8% | 11.0% | $47.9M | $72.2M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $482M | +8% | 9.8% | $33.4M | $71.6M |
| Q1 2025 | 10-Q | May 8, 2025 | $460M | +7% | 11.2% | $36.9M | $123M |
Charts
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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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⚖️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 Openlane
OPENLANE is a leading digital marketplace for wholesale used vehicles operating in the United States, Canada and Europe. Our technology and people connect the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to facilitate approximately 1.5 million annual vehicle transactions with a gross merchandise value ("GMV") of $28.8 billion in 2025. GMV represents the total dollar value of vehicles sold through our marketplaces. Our portfolio of integrated technology, data analytics, financing, logistics and other remarketing solutions, combined with our vehicle logistics centers in Canada, power transactions on our marketplace and help advance our purpose: to make wholesale easy so our customers can be more successful.
In its own words, from its 10-K, filed Feb 18, 2026.
Openlane against its Retail-Auto Dealers & Gasoline Stations peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +13%. Operating margin: 12.5% against the peers' median 4.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| OPLN Openlane | Q3 2026 | $561M | +13% | 12.5% |
| LAD Lithia Motors | Q3 2026 | $9.9B | +3% | 4.2% |
| PAG Penske Automotive Group | Q3 2026 | $8.4B | +4% | 3.6% |
| CVNA Carvana | Q3 2026 | $8.0B | +42% | 8.9% |
| KMX CarMax | Q2 FY27 | $7.9B | +20% | 2.8% |
| AN Autonation | Q3 2026 | $7.0B | -0.4% | 4.5% |
| MUSA Murphy USA | Q3 2026 | $6.9B | +35% | 3.8% |
| CASY Caseys General Stores | Q1 FY27 | $5.7B | +24% | 6.1% |
| GPI Group 1 Automotive | Q3 2026 | $5.4B | -7% | 3.7% |
Source: Openlane 10-Q on SEC EDGAR · CIK 1395942 · Retail-Auto Dealers & Gasoline Stations
Guidance and outlook
13F: who owns OPLN and who is buying
More on OPLN
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Openlane guidance history: guided vs reported
- Openlane operating margin by quarter
- Openlane net income by quarter
- Openlane free cash flow by quarter
- Openlane capital expenditures by quarter
- Openlane Auction and Related Fees revenue by quarter
- Openlane Purchased vehicle sales revenue by quarter
- Openlane Finance revenue revenue by quarter