Filing Flows › Portillo's (PTLO) › Q3 2026
Portillo's (PTLO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Portillo's (PTLO) reported revenue of $194M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -2% from the quarter before. Operating margin was 6.1%, net earnings $4.5M (2.3% of revenue).
Portillo's, Q3 2026: revenue $194M (+7% year over year), operating margin 6.1%, net earnings $4.5M, operating cash flow $26.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $194M | -2% | +7% |
| Operating profit | $11.8M | -14% | +117% |
| Net earnings | $4.5M | -35% | +271% |
| Operating cash flow | $26.7M | +52% | +33% |
| Free cash flow | $16.8M | +185% | — |
What changed
Revenue was $194.1M in Q3 2026, up 7% year over year and down 2% from the previous quarter.
Operating profit was $11.8M, a 6.1% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 50% reached operating profit, above the 3% margin then. Total costs grew 4% against revenue growth of 7%. Net earnings were $4.5M, up 271% year over year. The effective tax rate was 27.4%.
Operating cash flow was $26.7M (up 33% year over year), 561% of net income including minority interests. Non-cash charges added back $8.3M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $9.9M left free cash flow of $16.8M.
Questions
What was Portillo's revenue in the third quarter 2026?
Portillo's (PTLO) reported revenue of $194M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -2% from the quarter before.
Was Portillo's profitable in the third quarter 2026?
Operating profit was $11.8M (6.1% of revenue) and net earnings $4.5M.
Source: Portillo's 10-Q on SEC EDGAR.