Filing Flows › Shell (SHEL) › Q3 2026 › vs Q3 2025
Shell (SHEL) Q3 2026 vs Q3 2025 (year over year)
Shell's revenue rose $24.7B (+36%) from $68.2B in Q3 2025 to $92.8B in Q3 2026. Operating margin 19.4% against 11.6% (+7.7 pts).
Shell, Q3 2026: revenue $92.8B (+36% year over year), operating margin 19.4%, net earnings $12.1B, operating cash flow $21.0B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.4% | 11.6% | +7.7 pts |
| Net margin | 13.0% | 7.8% | +5.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $92.8B | $68.2B | $24.7B | +36% |
| Operating profit | $18.0B | $7.9B | $10.1B | +127% |
| Costs & expenses | $74.9B | $60.2B | $14.6B | +24% |
| Pre-tax earnings | $18.0B | $7.9B | $10.1B | +127% |
| Research & development | $232M | $409M | −$177M | -43% |
| Other operating costs | $74.6B | $59.8B | $14.8B | +25% |
| Net earnings | $12.1B | $5.3B | $6.7B | +127% |
| Minority interests | $88.0M | $98.0M | −$10.0M | -10% |
| Income tax | $5.8B | $2.5B | $3.3B | +133% |
| Working capital & other | $9.0B | $6.9B | $2.1B | +31% |
| Operating cash flow | $21.0B | $12.2B | $8.8B | +72% |
Questions
How much did Shell's revenue grow year over year in Q3 2026?
Shell's revenue rose $24.7B (+36%) from $68.2B in Q3 2025 to $92.8B in Q3 2026. Operating margin 19.4% against 11.6% (+7.7 pts).