Filing Flows › Stagwell (STGW) › Q3 2026
Stagwell (STGW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Stagwell (STGW) reported revenue of $816M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +4% from the quarter before. Operating margin was 5.9%, net earnings $18.1M (2.2% of revenue).
Stagwell, Q3 2026: revenue $816M (+10% year over year), operating margin 5.9%, net earnings $18.1M, operating cash flow $88.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $816M | +4% | +10% |
| Operating profit | $48.1M | +316% | -21% |
| Net earnings | $18.1M | — | -26% |
| Operating cash flow | $88.6M | -2% | — |
| Free cash flow | $82.8M | +4% | — |
What changed
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.
Questions
What was Stagwell's revenue in the third quarter 2026?
Stagwell (STGW) reported revenue of $816M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +4% from the quarter before.
Was Stagwell profitable in the third quarter 2026?
Operating profit was $48.1M (5.9% of revenue) and net earnings $18.1M.
Source: Stagwell 10-Q on SEC EDGAR.