Filing Flows › Stifel Financial (SF) › Q3 2026
Stifel Financial (SF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Stifel Financial (SF) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), 0% from a year earlier and -0.2% from the quarter before. Operating margin was 18.9%, net earnings $234M (14.3% of revenue).
Stifel Financial, Q3 2026: revenue $1.6B (0% year over year), operating margin 18.9%, net earnings $234M, operating cash flow $801M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -0.2% | 0% |
| Operating profit | $310M | +3% | +8% |
| Net earnings | $234M | +3% | +11% |
| Operating cash flow | $801M | +952% | +137% |
| Free cash flow | $753M | 12× | +134% |
What changed
Revenue was $1.6B in Q3 2026, roughly flat year over year and roughly flat from the previous quarter. Asset Management1 was the largest line at 30% of revenue. Asset Management1 added $0.06B year over year (up 14%), 10060% of the total change. Investment Banking declined 5%.
Operating profit was $0.31B, a 18.9% margin (up 1.4 points year over year). Of the extra revenue versus Q3 2025, 3904% reached operating profit, above the 17% margin then. Total costs fell 2% while revenue was flat. Net earnings were $0.23B, up 11% year over year. The effective tax rate was 24.4%.
Operating cash flow was $0.80B (up 137% year over year), 342% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.51B. Capital expenditures of $0.05B left free cash flow of $0.75B.
Questions
What was Stifel Financial's revenue in the third quarter 2026?
Stifel Financial (SF) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), 0% from a year earlier and -0.2% from the quarter before.
Was Stifel Financial profitable in the third quarter 2026?
Operating profit was $310M (18.9% of revenue) and net earnings $234M.
Source: Stifel Financial 10-Q on SEC EDGAR.