Filing Flows › Stifel Financial (SF) › Q3 2026 › vs Q3 2025
Stifel Financial (SF) Q3 2026 vs Q3 2025 (year over year)
Stifel Financial's revenue rose $604K (0%) from $1.6B in Q3 2025 to $1.6B in Q3 2026. The biggest changes: Asset Management1 +$60.8M (+14%); Other revenues −$37.6M (-6%); Investment Banking −$17.3M (-5%). Operating margin 18.9% against 17.5% (+1.4 pts).
Stifel Financial, Q3 2026: revenue $1.6B (0% year over year), operating margin 18.9%, net earnings $234M, operating cash flow $801M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.9% | 17.5% | +1.4 pts |
| Net margin | 14.3% | 12.9% | +1.4 pts |
| Free cash flow margin | 46.0% | 19.6% | +26.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Asset Management1 | $492M | $431M | $60.8M | +14% |
| Investment Banking | $306M | $323M | −$17.3M | -5% |
| Commissions | $201M | $206M | −$5.3M | -3% |
| Other revenues | $636M | $674M | −$37.6M | -6% |
| Revenue | $1.6B | $1.6B | $604K | 0% |
| Operating profit | $310M | $286M | $23.6M | +8% |
| Costs & expenses | $1.3B | $1.3B | −$23.0M | -2% |
| Pre-tax earnings | $310M | $286M | $23.6M | +8% |
| Net earnings | $234M | $211M | $22.8M | +11% |
| Income tax | $75.5M | $74.7M | $807K | +1% |
| Depreciation & amortization | $15.7M | $15.5M | $175K | +1% |
| Share-based compensation | $44.4M | $25.6M | $18.8M | +74% |
| Working capital & other | $507M | $85.9M | $421M | +490% |
| Operating cash flow | $801M | $338M | $463M | +137% |
| Free cash flow (OCF − capex) | $753M | $321M | $432M | +134% |
| Capital expenditures | $48.1M | $17.2M | $30.9M | +179% |
Questions
How much did Stifel Financial's revenue grow year over year in Q3 2026?
Stifel Financial's revenue rose $604K (0%) from $1.6B in Q3 2025 to $1.6B in Q3 2026.
What drove Stifel Financial's revenue change in Q3 2026?
Asset Management1 +$60.8M (+14%); Other revenues −$37.6M (-6%); Investment Banking −$17.3M (-5%).