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Stagwell (STGW) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Stagwell (STGW) Q3 2026 earnings results →
Q3 2026 Revenue up 10% year over year to $816M · 2¢ of every $1 of revenue kept as net profit · operating margin 5.9%
Stagwell made $816M in Q3 2026 (+10% Y/Y). Operating margin 5.9%, net earnings $18.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
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 $816.0M in Q3 2026, up 10% year over year and up 4% from the previous quarter.
Operating profit was $48.1M, a 5.9% margin (down 2.3 points year over year). Operating profit fell $12.9M even though revenue rose $73.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 10%. The fastest-growing cost line was General & admin (+24%). Net earnings were $18.1M, down 26% year over year. The effective tax rate was 37.2%.
Operating cash flow was $88.6M, 481% of net earnings. Non-cash charges added back $48.3M of depreciation and amortization and $28.9M of share-based compensation. Working capital and other items used $7.1M. Capital expenditures of $5.8M left free cash flow of $82.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $816M | +10% | 5.9% | $18.1M | $88.6M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $786M | +11% | 1.5% | −$8.7M | $90.2M |
| Q1 2026 | 10-Q | May 1, 2026 | $704M | +8% | 1.4% | −$13.9M | −$26.5M |
| Q4 2025 | 10-K | Mar 13, 2026 | $807M | +2% | 7.0% | $12.7M | $260M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $743M | +4% | 8.2% | $24.6M | −$24.0M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $707M | +5% | 3.3% | −$4.6M | $115M |
| Q1 2025 | 10-Q | May 8, 2025 | $652M | -3% | 2.8% | −$5.3M | −$60.0M |
Charts
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 Stagwell
Stagwell Inc. is the global challenger network transforming marketing through artificial intelligence (“AI”). Stagwell delivers scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in over 34 countries have a unified purpose: to drive effectiveness and improve business results for our more than 4,500 clients as of December 31, 2025. Since 2021, Stagwell’s standing in the industry has grown as customers have increasingly recognized our agencies’ outstanding work - leading to accelerating net new business trends - and as we have invested in augmenting our capabilities and geographical reach. Throughout our growth, we have maintained a collaborative spirit that is integral to the Stagwell DNA.
In its own words, from its 10-K, filed Mar 13, 2026.
Stagwell against its Services-Advertising Agencies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +10%. Operating margin: 5.9% against the peers' median 5.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| STGW Stagwell | Q3 2026 | $816M | +10% | 5.9% |
| OMC Omnicom Group | Q3 2026 | $6.4B | +59% | 15.4% |
| CRTO Criteo S.A. | Q3 2026 | $416M | -11% | 5.0% |
| GRPN Groupon | Q2 2026 | $125M | -0.8% | -0.6% |
| SWAGW Stran & Company | Q2 2026 | $33.4M | +2% | 0.3% |
| SPTY Specificity | Q2 2026 | $322K | +21% | -19.4% |
Source: Stagwell 10-Q on SEC EDGAR · CIK 876883 · Services-Advertising Agencies
13F: who owns STGW and who is buying
More on STGW
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results