Filing Flows › Polaris (PII) › How it makes money
How Polaris (PII) makes money
Polaris (PII) made $2.0B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Wholegoods brought in $1.5B (72%); PG&A brought in $568M (28%). Of every dollar of revenue, 21¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Wholegoods | $1.5B | 72.2% | -3% | +10% |
| PG&A | $568M | 27.8% | +13% | +12% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.0B | 100.0% |
| Cost of revenue | $1.6B | 78.8% |
| Gross profit | $432M | 21.2% |
| Operating expenses | $359M | 17.6% |
| Operating profit | $73.4M | 3.6% |
| Income tax | $17.6M | 0.9% |
| Net earnings | $38.6M | 1.9% |
| Operating cash flow | $382M | 18.7% |
| Free cash flow | $315M | 15.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.0B | +11% |
| Q2 2026 | $2.0B | +9% |
| Q1 2026 | $1.7B | +8% |
| Q4 2025 | $1.9B | +10% |
| Q3 2025 | $1.8B | +7% |
| Q2 2025 | $1.9B | -6% |
| Q1 2025 | $1.5B | -12% |
From Polaris' 10-Q filed Oct 27, 2026 (on EDGAR).
Questions
How does Polaris make money?
Polaris (PII) made $2.0B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Wholegoods brought in $1.5B (72%); PG&A brought in $568M (28%). Of every dollar of revenue, 21¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.
What is Polaris' biggest business?
Wholegoods: $1.5B in the third quarter 2026, 72% of revenue, +10% from a year earlier.
What is Polaris' profit margin?
Net earnings were $38.6M, 1.9% of revenue, in the third quarter 2026; the operating margin was 3.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.