Filing Flows › Quinstreet (QNST) › Q3 FY26
Quinstreet (QNST) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 8, 2026
Quinstreet (QNST) reported revenue of $346M for the third quarter fiscal 2026 (Q3 FY26), +28% from a year earlier and +20% from the quarter before. Operating margin was 3.0%, net earnings $7.4M (2.1% of revenue).
Quinstreet, Q3 FY26: revenue $346M (+28% year over year), operating margin 3.0%, net earnings $7.4M, operating cash flow $36.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $346M | +20% | +28% |
| Gross profit | $41.3M | +49% | +48% |
| Operating profit | $10.3M | +723% | +109% |
| Net earnings | $7.4M | -85% | +67% |
| Operating cash flow | $36.9M | +71% | +23% |
| Free cash flow | $33.8M | — | +25% |
What changed
Revenue was $346.1M in Q3 FY26, up 28% year over year and up 20% from the previous quarter. Financial Service was the largest line at 67% of revenue. Home Services and Other Revenue added $44.2M year over year (up 63%), 58% of the total change.
Gross margin was 11.9%, up 1.6 points from Q3 FY25. Operating profit was $10.3M, a 3.0% margin (up 1.1 points year over year). Of the extra revenue versus Q3 FY25, 7% reached operating profit, above the 2% margin then. Operating expenses grew 35% against revenue growth of 28%. The fastest-growing cost line was Sales & marketing (+55%). Net earnings were $7.4M, up 67% year over year. The effective tax rate was 10.0%.
Operating cash flow was $36.9M (up 23% year over year), 502% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items added $15.2M. After internal software development costs ($2.6M) and capital expenditures ($537K), free cash flow as the company reports it was $33.8M.
Questions
What was Quinstreet's revenue in the third quarter fiscal 2026?
Quinstreet (QNST) reported revenue of $346M for the third quarter fiscal 2026 (Q3 FY26), +28% from a year earlier and +20% from the quarter before.
Was Quinstreet profitable in the third quarter fiscal 2026?
Operating profit was $10.3M (3.0% of revenue) and net earnings $7.4M.
Source: Quinstreet 10-Q on SEC EDGAR.