Filing Flows › Roku (ROKU) › Q3 2026 › vs Q3 2025
Roku (ROKU) Q3 2026 vs Q3 2025 (year over year)
Roku's revenue rose $291M (+24%) from $1.2B in Q3 2025 to $1.5B in Q3 2026. The biggest changes: Platform +$244M (+23%); Devices +$47.7M (+33%). Gross margin 43.2% against 43.4% (-0.2 pts).
Roku, Q3 2026: revenue $1.5B (+24% year over year), operating margin 10.9%, net earnings $183M, operating cash flow $219M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 43.2% | 43.4% | -0.2 pts |
| Operating margin | 10.9% | 0.8% | +10.1 pts |
| Net margin | 12.2% | 2.0% | +10.2 pts |
| Free cash flow margin | 14.5% | 10.4% | +4.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Advertising | $727M | $591M | $136M | +23% |
| Subscriptions | $581M | $473M | $108M | +23% |
| Platform | $1.3B | $1.1B | $244M | +23% |
| Devices | $194M | $146M | $47.7M | +33% |
| Revenue | $1.5B | $1.2B | $291M | +24% |
| Gross profit | $649M | $525M | $124M | +24% |
| Cost of revenue | $853M | $686M | $168M | +24% |
| Other income, net | $23.3M | $28.6M | −$5.3M | -19% |
| Operating profit | $164M | $9.5M | $155M | 17× |
| Operating expenses | $484M | $515M | −$31.0M | -6% |
| Pre-tax earnings | $187M | $38.0M | $149M | +393% |
| Research & development | $187M | $182M | $4.6M | +3% |
| Sales & marketing | $191M | $242M | −$51.2M | -21% |
| General & admin | $107M | $91.1M | $15.6M | +17% |
| Net earnings | $183M | $24.8M | $159M | +639% |
| Income tax | $4.0M | $13.2M | −$9.2M | -70% |
| Depreciation & amortization | $10.7M | $11.5M | −$800K | -7% |
| Share-based compensation | $79.3M | $88.0M | −$8.7M | -10% |
| Working capital & other | $53.9M | −$3.3M | $57.2M | — |
| Operating cash flow | $219M | $128M | $91.8M | +72% |
| Free cash flow (OCF − capex) | $218M | $126M | $91.5M | +72% |
| Capital expenditures | $1.4M | $1.1M | $280K | +25% |
Questions
How much did Roku's revenue grow year over year in Q3 2026?
Roku's revenue rose $291M (+24%) from $1.2B in Q3 2025 to $1.5B in Q3 2026.
What drove Roku's revenue change in Q3 2026?
Platform +$244M (+23%); Devices +$47.7M (+33%).