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Rocket Companies (RKT) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Rocket Companies (RKT) Q3 2026 earnings results →

Q3 2026 Revenue up 94% year over year to $3.3B · 22¢ of every $1 of revenue kept as net profit · operating margin 29.2%

Rocket Companies made $3.3B in Q3 2026 (+94% Y/Y). Operating margin 29.2%, net earnings $709M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$3.3B
Year over year+94%
Operating margin29.2%
Net earnings$709M
Operating cash flow$1.9B

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Rocket Companies Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $3.3B in Q3 2026, up 94% year over year and up 18% from the previous quarter.

Operating profit was $1.0B, a 29.2% margin (up 40.1 points year over year). Total costs grew 24% against revenue growth of 94%. The fastest-growing cost line was General & admin (+57%). Net earnings were $0.71B. The effective tax rate was 26.0%.

Operating cash flow was $1.9B, 269% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.04B left free cash flow of $1.9B.

Quarterly history

Rocket Companies revenue by quarterRocket Companies revenue by quarter$1.0BQ1 2025$1.4BQ2 2025$1.6BQ3 2025$2.7BQ4 2025$2.9BQ1 2026$2.8BQ2 2026$3.3BQ3 2026
Rocket Companies net earnings by quarterRocket Companies net earnings by quarter−$212MQ1 2025$34.0MQ2 2025−$124MQ3 2025$68.0MQ4 2025$297MQ1 2026$230MQ2 2026$709MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$3.3B+94%29.2%$709M$1.9B
Q2 202610-QAug 7, 2026$2.8B+92%10.1%$230M−$1.2B
Q1 202610-QMay 12, 2026$2.9B+167%13.6%$297M$1.9B
Q4 202510-KMar 2, 2026$2.7B+52%6.3%$68.0M−$1.2B
Q3 202510-QNov 6, 2025$1.6B+148%-17.1%−$124M−$49.0M
Q2 202510-QAug 8, 2025$1.4B+5%1.8%$34.0M−$1.9B
Q1 202510-QMay 9, 2025$1.0B-25%-27.6%−$212M−$796M

Charts

Rocket Companies: revenue growth, year over year and quarter over quarterRocket Companies: revenue growth, year over year and quarter over quarterY/YQ/Q-25%Q1 2025+5%+31%Q2 2025+148%+18%Q3 2025+52%+68%Q4 2025+167%+9%Q1 2026+92%-5%Q2 2026+94%+18%Q3 2026
Latest (Q3 2026): Y/Y +94%, Q/Q +18%.
Rocket Companies: where the cash came from (+) and went (−), TTM to Q3 2026Rocket Companies: where the cash came from (+) and went (−), TTM to Q3 2026Other financing−$3.0BCash drawn (+) / kept (−)$2.9BAcquisitions−$2.2BOperating cash flow$1.3BOther investing$1.1BNet borrowing (+) / repaid (−)$214MTaxes on employees’ shares−$164MCapital spending−$160MShares issued$63.0MExchange rates−$8.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Rocket Companies: profit against cash, quarter by quarterRocket Companies: profit against cash, quarter by quarterNet incomeOperating cash flow$649M$1.8BQ4 2024−$212M−$796MQ1 2025$34.0M−$1.9BQ2 2025−$124M−$49.0MQ3 2025$68.0M−$1.2BQ4 2025$297M$1.9BQ1 2026$229M−$1.2BQ2 2026$709M$1.9BQ3 2026
Latest (Q3 2026): Net income $709M, Operating cash flow $1.9B.
Rocket Companies: diluted shares by fiscal year (split-adjusted)Rocket Companies: diluted shares by fiscal year (split-adjusted)23.25BFY202019.89BFY202119.72BFY202219.81BFY20231.41BFY20241.32BFY2025
-94.3% since FY2020: buybacks shrank the count; earlier years scaled for the 10-for-1 split before FY2025, 20-for-1 split before FY2021.
Rocket Companies in its industry: growth against margin (7 companies, SIC 6162)Rocket Companies in its industry: growth against margin (7 companies, SIC 6162)revenue growth, year over year →↑ operating marginmedian -4%median 9%UWMCPFSIONITFOAKorth Direct Mortgage Inc.BLNERKT (+94%, 29%)
Mortgage Bankers & Loan Correspondents; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Rocket Companies

We are a Detroit‑based fintech company including mortgage, real estate and personal finance businesses with a mission to Help Everyone Home. We are committed to delivering industry-best client experiences through our AI-powered, vertically integrated homeownership ecosystem. Our full suite of products empowers our clients across home search, mortgage finance and servicing, title and closing, financial wellness and personal loans. We believe our widely recognized “Rocket” brand is synonymous with simple, fast and trusted digital experiences.

In its own words, from its 10-K, filed Mar 2, 2026.

Rocket Companies against its Mortgage Bankers & Loan Correspondents peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +94% against the peers' median -4%. Operating margin: 29.2% against the peers' median 9.4%.

CompanyQuarterRevenueY/YOp. margin
RKT Rocket CompaniesQ3 2026$3.3B+94%29.2%
UWMC UWM HoldingsQ3 2026$811M-4%27.6%
PFSI PennyMac Financial ServicesQ3 2026$469M-26%9.1%
ONIT Onity GroupQ3 2026$278M-0.8%57.6%
FOA Finance of America CompaniesQ2 2026$62.5M-65%-113.7%
Korth Direct MortgageQ2 2026$3.3M-21%9.4%
BLNE Beeline HoldingsQ2 2026$2.6M+57%-171.0%

Source: Rocket Companies 10-Q on SEC EDGAR · CIK 1805284 · Mortgage Bankers & Loan Correspondents

Guidance and outlook

Rocket Companies: what its forward-looking statements are about (10-Q filed 2026-10-30)Rocket Companies: what its forward-looking statements are about (10-Q filed 2026-10-30)Tax1Margins1Other1Capital spending1Financing1
5 statements; tone +0.20 (−1 all cautious, +1 all confident); 1 hedged.
Rocket Companies: outlook statements against the filing beforeRocket Companies: outlook statements against the filing beforeConfident1

13F: who owns RKT and who is buying

Largest holders of RKT (13F)Largest holders of RKT (13F)Vanguard Group$1.7BCapital World Investors$1.1BBlackRock$1.1BPrice T Rowe Associates$870MFMR LLC$820MVanguard Capital Management LLC$672MValueAct Holdings, L.P.$656MVanguard Portfolio Management LLC$638MCapital International Investors$526MMorgan Stanley$450M
Funds' net buying of RKT by quarter (13F)Funds' net buying of RKT by quarter (13F)$19.4M2024-09−$39.3M2024-12$311M2025-03$1.1B2025-06$2.5B2025-09$6.0B2025-12$50.0M2026-03$1.9B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RKT

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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