Filing Flows › Constellation Brands (STZ) › Q3 FY26
Constellation Brands (STZ) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jan 8, 2026
Constellation Brands (STZ) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier and -11% from the quarter before. Operating margin was 29.1%, net earnings $503M (21.2% of revenue).
Constellation Brands, Q3 FY26: revenue $2.4B (-10% year over year), operating margin 29.1%, net earnings $503M, operating cash flow $617M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -11% | -10% |
| Gross profit | $1.2B | -10% | -8% |
| Operating profit | $692M | -21% | -13% |
| Net earnings | $503M | +8% | -18% |
| Operating cash flow | $617M | -28% | -10% |
| Free cash flow | $371M | -42% | -19% |
What changed
Revenue was $2.4B in Q3 FY26, down 10% year over year and down 11% from the previous quarter.
Gross margin was 49.8%, up 1.3 points from a year earlier. Operating profit was $0.69B, a 29.1% margin (down 0.8 points year over year). Operating expenses fell 0% while revenue fell 10%. Net earnings were $0.50B, down 18% year over year. The effective tax rate was 17.4%.
Operating cash flow was $0.62B (down 10% year over year), 118% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.25B left free cash flow of $0.37B.
Questions
What was Constellation Brands' revenue in the third quarter fiscal 2026?
Constellation Brands (STZ) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier and -11% from the quarter before.
Was Constellation Brands profitable in the third quarter fiscal 2026?
Operating profit was $692M (29.1% of revenue) and net earnings $503M.