Filing Flows › Penske Automotive Group (PAG) › Q3 2026
Penske Automotive Group (PAG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Penske Automotive Group (PAG) reported revenue of $8.4B for the third quarter 2026 (Q3 2026), +5% from a year earlier and -1% from the quarter before. Operating margin was 3.6%, net earnings $221M (2.6% of revenue).
Penske Automotive Group, Q3 2026: revenue $8.4B (+4% year over year), operating margin 3.6%, net earnings $221M, operating cash flow $306M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.4B | -1% | +5% |
| Gross profit | $1.3B | -2% | +2% |
| Operating profit | $303M | -10% | -3% |
| Net earnings | $221M | -15% | -2% |
| Operating cash flow | $306M | +50% | -23% |
| Free cash flow | $223M | +69% | -30% |
What changed
Revenue was $8.4B in Q3 2026, up 5% year over year and down 1% from the previous quarter. Retail automotive dealership was the largest line at 83% of revenue. Retail commercial truck dealership added $0.21B year over year (up 22%), 57% of the total change.
Gross margin was 15.7%, down 0.4 points from a year earlier. Operating profit was $0.30B, a 3.6% margin (down 0.3 points year over year). Operating profit fell $0.01B even though revenue rose $0.36B versus a year earlier, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 5%. Net earnings were $0.22B, down 2% year over year. The effective tax rate was 26.8%.
Operating cash flow was $0.31B (down 23% year over year), 138% of net earnings. Non-cash charges added back $0.05B of depreciation and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.08B left free cash flow of $0.22B.
Questions
What was Penske Automotive Group's revenue in the third quarter 2026?
Penske Automotive Group (PAG) reported revenue of $8.4B for the third quarter 2026 (Q3 2026), +5% from a year earlier and -1% from the quarter before.
Was Penske Automotive Group profitable in the third quarter 2026?
Operating profit was $303M (3.6% of revenue) and net earnings $221M.