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Parsons (PSN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Parsons (PSN) Q3 2026 earnings results →

Q3 2026 Revenue up 2% year over year to $1.7B · 3¢ of every $1 of revenue kept as net profit · operating margin 6.3%

Parsons made $1.7B in Q3 2026 (+2% Y/Y): Critical Infrastructure Segment $846M, Federal Solution Segment $805M. Operating margin 6.3%, net earnings $54.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$1.7B
Year over year+2%
Operating margin6.3%
Net earnings$54.2M
Operating cash flow$269M

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Parsons Q3 2026 revenue breakdown: Sankey diagram of revenue (Critical Infrastructure Segment, Federal Solution Segment), costs, profit and cash flow
Parsons 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 $1.7B in Q3 2026, up 2% year over year and up 5% from the previous quarter. Critical Infrastructure Segment was the largest line at 51% of revenue. Federal Solution Segment added $0.02B year over year (up 2%), 55% of the total change.

Operating profit was $0.10B, a 6.3% margin (down 0.4 points year over year). Operating profit fell $4.1M even though revenue rose $0.03B versus Q3 2025, so costs grew faster than sales. Total costs grew 2% against revenue growth of 2%. Net earnings were $0.05B, down 16% year over year. The effective tax rate was 23.3%.

Operating cash flow was $0.27B (up 65% year over year), 399% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.02B left free cash flow of $0.25B.

Quarterly history

Parsons revenue by quarterParsons revenue by quarter$1.6BQ1 2025$1.6BQ2 2025$1.6BQ3 2025$1.6BQ4 2025$1.5BQ1 2026$1.6BQ2 2026$1.7BQ3 2026
Parsons net earnings by quarterParsons net earnings by quarter$66.2MQ1 2025$55.2MQ2 2025$64.1MQ3 2025$55.6MQ4 2025$52.9MQ1 2026−$465KQ2 2026$54.2MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$1.7B+2%6.3%$54.2M$269M
Q2 202610-QJul 29, 2026$1.6B-0.5%0.1%−$465K$57.6M
Q1 202610-QApr 29, 2026$1.5B-4%6.4%$52.9M−$3.7M
Q4 202510-KFeb 11, 2026$1.6B-8%6.6%$55.6M$168M
Q3 202510-QNov 5, 2025$1.6B-10%6.7%$64.1M$163M
Q2 202510-QAug 6, 2025$1.6B-5%6.0%$55.2M$160M
Q1 202510-QApr 30, 2025$1.6B+1%7.0%$66.2M−$11.8M

Charts

Parsons: revenue growth, year over year and quarter over quarterParsons: revenue growth, year over year and quarter over quarterY/YQ/Q+1%Q1 2025-5%+2%Q2 2025-10%+2%Q3 2025-8%-1%Q4 2025-4%-7%Q1 20260%+6%Q2 2026+2%+5%Q3 2026
Latest (Q3 2026): Y/Y +2%, Q/Q +5%.
Parsons: where the cash came from (+) and went (−), TTM to Q3 2026Parsons: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$490MAcquisitions−$357MBuybacks−$170MCash drawn (+) / kept (−)$126MNet borrowing (+) / repaid (−)$111MCapital spending−$80.9MOther investing−$57.0MPartners−$55.8MOther financing−$17.0MShares issued$9.8MAsset & business sales$807KNot reconciled$78K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Parsons: profit against cash, quarter by quarterParsons: profit against cash, quarter by quarterNet incomeOperating cash flow$69.4M$127MQ4 2024$81.8M−$11.8MQ1 2025$70.5M$160MQ2 2025$81.8M$163MQ3 2025$74.8M$168MQ4 2025$65.2M−$3.7MQ1 2026−$465K$57.6MQ2 2026$67.4M$269MQ3 2026
Latest (Q3 2026): Net income $67.4M, Operating cash flow $269M.
Parsons: diluted shares by fiscal yearParsons: diluted shares by fiscal year101MFY2020112MFY2021113MFY2022115MFY2023112MFY2024110MFY2025
+8.4% since FY2020: more shares outstanding (issuance, stock pay).
Parsons in its industry: growth against margin (40 companies, SIC 7373)Parsons in its industry: growth against margin (40 companies, SIC 7373)revenue growth, year over year →↑ operating marginmedian +9%median 1%LDOSKDCACISAICGDDYOTEXLAWILJKHYIOTUISWAYNTCTRBBNIONQAGYSOSPNTLSSMRTASURWYYSTEMCREXCSPIHCTIQNTDMRCOMQSSLERIMEAURKDKMRLNFUSEODYSVEEAGRHIBNAISUNIDAICPSN (+2%, 6%)
Services-Computer Integrated Systems Design; 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 Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

In its own words, from its 8-K, filed Jul 29, 2026.

Parsons against its Services-Computer Integrated Systems Design peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +4%. Operating margin: 6.3% against the peers' median 11.9%.

CompanyQuarterRevenueY/YOp. margin
PSN ParsonsQ3 2026$1.7B+2%6.3%
LDOS Leidos HoldingsQ3 2026$4.6B+4%11.9%
KD Kyndryl HoldingsQ2 FY27$3.7B-2%3.1%
CACI CACI InternationalQ3 2026$2.5B+8%10.0%
SAIC Science Applications InternationalQ2 FY27$1.9B+6%8.1%
GDDY GoDaddyQ3 2026$1.3B+6%27.0%
OTEX Open TextQ1 FY27$1.2B-4%20.3%
LAWIL Light & WonderQ3 2026$824M-2%29.4%
JKHY Jack Henry & AssociatesQ1 FY27$702M+9%29.5%

Source: Parsons 10-Q on SEC EDGAR · CIK 275880 · Services-Computer Integrated Systems Design

Guidance and outlook

Parsons Revenue: guidance against what was reportedParsons Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2026FY2024$6.8BFY2028FY2025$6.4B
Met or beat 1 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Parsons: what its forward-looking statements are about (10-Q filed 2026-07-29)Parsons: what its forward-looking statements are about (10-Q filed 2026-07-29)Demand4Other3Costs2Backlog1Legal & regulation1
11 statements; tone +0.09 (−1 all cautious, +1 all confident); 3 hedged.
Parsons: outlook statements against the filing beforeParsons: outlook statements against the filing beforeConfident2Cautious1

13F: who owns PSN and who is buying

Largest holders of PSN (13F)Largest holders of PSN (13F)Newport Trust Company, LLC$2.6BVanguard Group$308MBlackRock$281MWellington Management Group LLP$241MSwedbank AB$192MMorgan Stanley$138MVanguard Capital Management LLC$126MDimensional Fund Advisors LP$125MEarnest Partners LLC$120MVanguard Portfolio Management LLC$117M
Funds' net buying of PSN by quarter (13F)Funds' net buying of PSN by quarter (13F)$6.2M2024-09−$115M2024-12$290K2025-03$146M2025-06$64.6M2025-09−$106M2025-12−$123M2026-03$269M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PSN

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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