Filing Flows › Parsons (PSN) › Q3 2026
Parsons (PSN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Parsons (PSN) reported revenue of $1.7B for the third quarter 2026 (Q3 2026), +2% from a year earlier and +5% from the quarter before. Operating margin was 6.3%, net earnings $54.2M (3.3% of revenue).
Parsons, Q3 2026: revenue $1.7B (+2% year over year), operating margin 6.3%, net earnings $54.2M, operating cash flow $269M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +5% | +2% |
| Operating profit | $104M | 80× | -4% |
| Net earnings | $54.2M | — | -16% |
| Operating cash flow | $269M | +367% | +65% |
| Free cash flow | $251M | +505% | +68% |
What changed
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.
Questions
What was Parsons' revenue in the third quarter 2026?
Parsons (PSN) reported revenue of $1.7B for the third quarter 2026 (Q3 2026), +2% from a year earlier and +5% from the quarter before.
Was Parsons profitable in the third quarter 2026?
Operating profit was $104M (6.3% of revenue) and net earnings $54.2M.
Source: Parsons 10-Q on SEC EDGAR.