Filing Flows › Papa Johns International (PZZA) › Q3 2026
Papa Johns International (PZZA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Papa Johns International (PZZA) reported revenue of $455M for the third quarter 2026 (Q3 2026), -10% from a year earlier and -6% from the quarter before. Operating margin was 3.1%, net earnings $3.3M (0.7% of revenue).
Papa Johns International, Q3 2026: revenue $455M (-10% year over year), operating margin 3.1%, net earnings $3.3M, operating cash flow $22.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $455M | -6% | -10% |
| Operating profit | $14.2M | -39% | -12% |
| Net earnings | $3.3M | -62% | -27% |
| Operating cash flow | $22.7M | -21% | -42% |
| Free cash flow | $9.7M | -38% | -57% |
What changed
Revenue was $454.8M in Q3 2026, down 10% year over year and down 6% from the previous quarter. Commissary revenues was the largest line at 49% of revenue. Company-owned restaurant sales lost $37.1M year over year (down 22%), 70% of the total change.
Operating profit was $14.2M, a 3.1% margin (down 0.1 points year over year). Total costs fell 10% while revenue fell 10%. Net earnings were $3.1M, down 33% year over year. The effective tax rate was 32.2%.
Operating cash flow was $22.7M (down 42% year over year), 691% of net income including minority interests. Non-cash charges added back $19.2M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $13.0M left free cash flow of $9.7M.
Questions
What was Papa Johns International's revenue in the third quarter 2026?
Papa Johns International (PZZA) reported revenue of $455M for the third quarter 2026 (Q3 2026), -10% from a year earlier and -6% from the quarter before.
Was Papa Johns International profitable in the third quarter 2026?
Operating profit was $14.2M (3.1% of revenue) and net earnings $3.3M.