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RingCentral (RNG) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 23, 2026 · RingCentral (RNG) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $676M · 84¢ of every $1 of revenue kept as net profit · operating margin 8.0%

RingCentral made $676M in Q3 2026 (+6% Y/Y): Subscriptions $653M, Other $23.1M. Operating margin 8.0%, net earnings $570M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 23, 2026.

Revenue$676M
Year over year+6%
Operating margin8.0%
Net earnings$570M
Operating cash flow$180M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $676.0M in Q3 2026, up 6% year over year and up 3% from the previous quarter. Subscriptions was the largest line at 97% of revenue. Subscriptions added $37.1M year over year (up 6%), 99% of the total change.

Gross margin was 73.1%, up 1.4 points from Q3 2025. Operating profit was $53.9M, a 8.0% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 62% reached operating profit, above the 5% margin then. Operating expenses grew 3% against revenue growth of 6%. The fastest-growing cost line was Research & development (+10%). Net earnings were $569.7M, up 3144% year over year. The tax line was a benefit of $541.7M on pre-tax earnings of $28.0M.

Operating cash flow was $179.9M (up 19% year over year), 32% of net earnings. Non-cash charges added back $56.6M of depreciation and amortization and $64.7M of share-based compensation. Working capital and other items used $511.1M. After capitalized expenditures ($23.1M), free cash flow as the company reports it was $156.8M.

Quarterly history

RingCentral revenue by quarterRingCentral revenue by quarter$612MQ1 2025$620MQ2 2025$639MQ3 2025$644MQ4 2025$644MQ1 2026$657MQ2 2026$676MQ3 2026
RingCentral net earnings by quarterRingCentral net earnings by quarter−$10.3MQ1 2025$13.2MQ2 2025$17.6MQ3 2025$23.0MQ4 2025$30.6MQ1 2026$39.1MQ2 2026$570MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 23, 2026$676M+6%8.0%$570M$180M
Q2 202610-QJul 23, 2026$657M+6%7.7%$39.1M$206M
Q1 202610-QMay 11, 2026$644M+5%7.8%$30.6M$164M
Q4 202510-KFeb 27, 2026$644M+5%6.6%$23.0M$149M
Q3 202510-QNov 5, 2025$639M+5%4.8%$17.6M$151M
Q2 202510-QAug 7, 2025$620M+5%6.0%$13.2M$167M
Q1 202510-QMay 9, 2025$612M+5%1.7%−$10.3M$150M

Charts

RingCentral: revenue growth, year over year and quarter over quarterRingCentral: revenue growth, year over year and quarter over quarterY/YQ/Q+5%Q1 2025+5%+1%Q2 2025+5%+3%Q3 2025+5%+1%Q4 2025+5%+0%Q1 2026+6%+2%Q2 2026+6%+3%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q +3%.
RingCentral: where the cash came from (+) and went (−), TTM to Q3 2026RingCentral: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$699MOther financing−$679MNet borrowing (+) / repaid (−)$389MBuybacks−$328MOther investing−$63.5MCash drawn (+) / kept (−)$35.3MCapital spending−$32.1MTaxes on employees’ shares−$26.6MShares issued$15.6MAcquisitions−$7.9MExchange rates−$1.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
RingCentral: profit against cash, quarter by quarterRingCentral: profit against cash, quarter by quarterNet incomeOperating cash flow−$7.2M$133MQ4 2024−$10.3M$150MQ1 2025$13.2M$167MQ2 2025$17.6M$151MQ3 2025$23.0M$149MQ4 2025$30.6M$164MQ1 2026$39.1M$206MQ2 2026$570M$180MQ3 2026
Latest (Q3 2026): Net income $570M, Operating cash flow $180M.
RingCentral: diluted shares by fiscal yearRingCentral: diluted shares by fiscal year89MFY202092MFY202195MFY202295MFY202392MFY202491MFY2025
+2.9% since FY2020: more shares outstanding (issuance, stock pay).
RingCentral: long-term debt falling due (FY2025)RingCentral: long-term debt falling due (FY2025)$625M2026$15.5M2027$15.5M2028$15.5M2029
Cash $133M, short-term investments —, long-term debt — at 2025-12-31.
RingCentral in its industry: growth against margin (65 companies, SIC 7374)RingCentral in its industry: growth against margin (65 companies, SIC 7374)revenue growth, year over year →↑ operating marginmedian +9%median -8%ADPDXCWDAYTOSTRDDTVRSKPLTKCLVTFAPEGAAPLDFIVNTASKEVTCCARGNRDSHNGELFTORAMPGDRXLZEGHTUPWKCARSIBEXSSTKLIFYEXTTCXINODOOMAHAWKGLOOBRUNFIRYVERIBIRDINFQNXTTQMLSTRAKMOVEQBTSSHAZDTCXSDCHONFOBHICKWIKSEQCPHUNWORXONEICASTDTSTHTCRPWDYPVITMYX Inc.NTCSSTWIRADCCRCWHNITRNG (+6%, 8%)
Services-Computer Processing & Data Preparation; 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 RingCentral

Over the past 26 years, RingCentral has transformed business communications, leading the shift from on-premises legacy communications to the cloud. Today, the company has an AI-powered, multi-product portfolio including Unified Communications as a Service (“UCaaS”), Contact Center as a Service (“CCaaS”), RingCentral AI solutions, Video and Events. RingCentral’s core tenets include: a) Trust: We provide a carrier-grade, cloud based communications platform that businesses can trust with reliability, security, and privacy; b) Innovation: We plan to invest approximately $250 million in research and development in 2026 to execute through focused and strategic innovation, setting the bar in the industry for many market firsts; c) Partnerships: We have a diverse set of strategic partners, global service providers, channel partners, and third-party developers.

In its own words, from its 10-K, filed Feb 27, 2026.

RingCentral against its Services-Computer Processing & Data Preparation peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +6%. Operating margin: 8.0% against the peers' median 11.8%.

CompanyQuarterRevenueY/YOp. margin
RNG RingCentralQ3 2026$676M+6%8.0%
ADP Automatic Data ProcessingQ1 FY27$5.5B+6%23.9%
DXC DXC TechnologyQ2 FY27$3.0B-4%6.2%
WDAY WorkdayQ2 FY27$2.6B+13%11.8%
TOST ToastQ3 2026$2.0B+21%8.3%
RDDT RedditQ3 2026$895M+53%29.2%
VRSK Verisk AnalyticsQ3 2026$809M+5%45.2%
PLTK Playtika HoldingQ3 2026$674M-0.1%17.2%
CLVT ClarivateQ3 2026$482M-9%8.3%

Source: RingCentral 10-Q on SEC EDGAR · CIK 1384905 · Services-Computer Processing & Data Preparation

Guidance and outlook

RingCentral Revenue: guidance against what was reportedRingCentral Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 2025$620MQ3 2025$639MQ4 2025$644MQ1 2026$644MQ2 2026$657MFY2026Q3 2026$676MQ4 2026
Met or beat 7 of 7 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
RingCentral GAAP operating margin: guidance against what was reportedRingCentral GAAP operating margin: guidance against what was reportedguided rangereported (above / within / below)Q3 20254.8%FY20254.8%Q4 20256.6%FY2026Q1 20267.8%Q2 20267.7%Q3 20268.0%Q4 2026
Met or beat 6 of 7 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns RNG and who is buying

Largest holders of RNG (13F)Largest holders of RNG (13F)Capital World Investors$432MBlackRock$421MVanguard Group$330MVanguard Portfolio Management LLC$253MAmeriprise Financial$200MVanguard Capital Management LLC$130MState Street$118MFirst Trust Advisors LP$91.4MQuantinno Capital Management LP$87.3MAlyeska Investment Group, L.P.$79.9M
Funds' net buying of RNG by quarter (13F)Funds' net buying of RNG by quarter (13F)−$103M2024-09$34.2M2024-12$82.6M2025-03$59.1M2025-06−$179M2025-09−$91.4M2025-12$92.0M2026-03$8.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RNG

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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