Filing Flows › Phillips 66 (PSX) › Q3 2026 › vs Q2 2026
Phillips 66 (PSX) Q3 2026 vs Q2 2026 (quarter over quarter)
Phillips 66's revenue fell $464M (-0.9%) from $51.0B in Q2 2026 to $50.5B in Q3 2026. Operating margin 14.1% against 9.7% (+4.3 pts).
Phillips 66, Q3 2026: revenue $50.5B (+46% year over year), operating margin 14.1%, net earnings $5.6B, operating cash flow $7.3B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.1% | 9.7% | +4.3 pts |
| Net margin | 11.2% | 7.6% | +3.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $50.5B | $51.0B | −$464M | -0.9% |
| Operating profit | $7.1B | $5.0B | $2.1B | +43% |
| Costs & expenses | $43.4B | $46.0B | −$2.6B | -6% |
| Pre-tax earnings | $7.1B | $5.0B | $2.1B | +43% |
| Cost of revenue | $40.8B | $43.7B | −$2.9B | -7% |
| SG&A | $625M | $538M | $87.0M | +16% |
| Other operating costs | $2.0B | $1.8B | $162M | +9% |
| Net earnings | $5.6B | $3.9B | $1.8B | +45% |
| Income tax | $1.5B | $1.1B | $377M | +35% |
| Depreciation & amortization | $591M | $585M | $6.0M | +1% |
| Working capital & other | $1.1B | $2.8B | −$1.7B | -62% |
| Operating cash flow | $7.3B | $7.3B | $22.0M | +0.3% |
Questions
How much did Phillips 66's revenue grow quarter over quarter in Q3 2026?
Phillips 66's revenue fell $464M (-0.9%) from $51.0B in Q2 2026 to $50.5B in Q3 2026. Operating margin 14.1% against 9.7% (+4.3 pts).