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TransDigm Group (TDG) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 4, 2026 · TransDigm Group (TDG) Q3 FY26 earnings results →

Q3 FY26 Revenue up 22% year over year to $2.7B · 20¢ of every $1 of revenue kept as net profit · operating margin 44.8%

TransDigm Group made $2.7B in Q3 FY26 (+22% Y/Y). Operating margin 44.8%, net earnings $540M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.

Revenue$2.7B
Year over year+22%
Operating margin44.8%
Net earnings$540M
Operating cash flow$724M

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TransDigm Group Q3 FY26 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
TransDigm Group Q3 FY26 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.7B in Q3 FY26, up 23% year over year and up 8% from the previous quarter.

Gross margin was 59.4%, down 0.1 points from Q3 FY25. Operating profit was $1.2B, a 44.8% margin (down 1.7 points year over year). Of the extra revenue versus Q3 FY25, 37% reached operating profit, below the 46% margin then. Operating expenses grew 37% against revenue growth of 23%. The fastest-growing cost line was SG&A (+37%). Net earnings were $0.54B, up 10% year over year. The effective tax rate was 24.3%.

Operating cash flow was $0.72B (up 15% year over year), 134% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.07B of share-based compensation. Capital expenditures of $0.07B left free cash flow of $0.65B.

Quarterly history

TransDigm Group revenue by quarterTransDigm Group revenue by quarter$2.2BQ4 FY24$2.1BQ2 FY25$2.2BQ3 FY25$2.4BQ4 FY25$2.3BQ1 FY26$2.5BQ2 FY26$2.7BQ3 FY26
TransDigm Group net earnings by quarterTransDigm Group net earnings by quarter$467MQ4 FY24$479MQ2 FY25$493MQ3 FY25$609MQ4 FY25$445MQ1 FY26$536MQ2 FY26$540MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 4, 2026$2.7B+22%44.8%$540M$724M
Q2 FY2610-QMay 5, 2026$2.5B+18%46.3%$536M$135M
Q1 FY2610-QFeb 3, 2026$2.3B+14%45.6%$445M$832M
Q4 FY2510-KNov 12, 2025$2.4B+12%47.6%$609M$507M
Q3 FY2510-QAug 5, 2025$2.2B+9%46.4%$493M$631M
Q2 FY2510-QMay 6, 2025$2.1B+12%46.1%$479M$148M
Q4 FY2410-KNov 7, 2024$2.2B+18%43.1%$467M$572M

Charts

TransDigm Group: revenue growth, year over year and quarter over quarterTransDigm Group: revenue growth, year over year and quarter over quarterY/YQ/Q+18%Q4 FY24+12%-2%Q2 FY25+9%+4%Q3 FY25+12%+9%Q4 FY25+14%-6%Q1 FY26+18%+11%Q2 FY26+22%+8%Q3 FY26
Latest (Q3 FY26): Y/Y +22%, Q/Q +8%.
TransDigm Group: where the cash came from (+) and went (−), TTM to Q3 FY26TransDigm Group: where the cash came from (+) and went (−), TTM to Q3 FY26Net borrowing (+) / repaid (−)$7.8BDividends−$5.3BAcquisitions−$3.3BOperating cash flow$2.2BBuybacks−$1.8BOther financing$589MCapital spending−$271MShares issued$135MExchange rates−$22.0MCash drawn (+) / kept (−)$19.0MOther investing−$6.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
TransDigm Group: profit against cash, quarter by quarterTransDigm Group: profit against cash, quarter by quarterNet incomeOperating cash flow$467M$572MQ4 FY24$493M$752MQ1 FY25$479M$148MQ2 FY25$493M$631MQ3 FY25$609M$507MQ4 FY25$445M$832MQ1 FY26$536M$135MQ2 FY26$540M$724MQ3 FY26
Latest (Q3 FY26): Net income $540M, Operating cash flow $724M.
TransDigm Group: diluted shares by fiscal yearTransDigm Group: diluted shares by fiscal year57MFY2058MFY2158MFY2257MFY2358MFY2458MFY25
+1.6% since FY20: more shares outstanding (issuance, stock pay).
TransDigm Group: long-term debt falling due (FY25)TransDigm Group: long-term debt falling due (FY25)$116M2026$116M2027$2.2B2028$4.8B2029$3.5B2030$18.5BLater
Cash $2.8B, short-term investments —, long-term debt $29.3B at 2025-09-30.
TransDigm Group in its industry: growth against margin (10 companies, SIC 3728)TransDigm Group in its industry: growth against margin (10 companies, SIC 3728)revenue growth, year over year →↑ operating marginmedian +27%median 16%ARXSATRODCOKRMNLOARAADXPKECVUAIRITDG (+22%, 45%)
Aircraft Parts & Auxiliary Equipment, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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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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🔭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 TransDigm Group

TD Group, through its wholly-owned subsidiary, TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components that are critical to the safe and effective operation of nearly all commercial and military aircraft worldwide. Our products are represented in nearly every commercial and military aircraft in service today. Our business is well diversified due to the broad range of products we offer to our customers. We estimate that approximately 90% of our net sales for fiscal year 2025 were generated by proprietary products.

In its own words, from its 10-K, filed Nov 12, 2025.

TransDigm Group against its Aircraft Parts & Auxiliary Equipment, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +27%. Operating margin: 44.8% against the peers' median 15.7%.

CompanyQuarterRevenueY/YOp. margin
TDG TransDigm GroupQ3 FY26$2.7B+22%44.8%
ARXS ArxisQ3 2026$564M+36%23.7%
ATRO AstronicsQ2 2026$260M+27%15.6%
DCO DucommunQ3 2026$227M+6%11.4%
KRMN Karman HoldingsQ3 2026$202M+66%15.7%
LOAR Loar HoldingsQ3 2026$176M+39%26.2%
AADX Applied Aerospace & DefenseQ2 2026$167M+47%-57.5%
PKE Park AerospaceQ2 FY27$20.8M+27%22.8%
CVU CPI AerostructuresQ2 2026$17.6M+16%6.8%

Source: TransDigm Group 10-Q on SEC EDGAR · CIK 1260221 · Aircraft Parts & Auxiliary Equipment, NEC

Guidance and outlook

TransDigm Group Revenue: guidance against what was reportedTransDigm Group Revenue: guidance against what was reportedguided rangereported (above / within / below)FY24$7.9BFY25$8.8BFY26
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
TransDigm Group GAAP net income: guidance against what was reportedTransDigm Group GAAP net income: guidance against what was reportedguided rangereported (above / within / below)FY24$1.7BFY25$2.1BFY26
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns TDG and who is buying

Largest holders of TDG (13F)Largest holders of TDG (13F)Q Global Advisors, LLC$11.6BVanguard Group$9.0BCapital International Investors$6.7BBlackRock$6.5BCapital World Investors$5.7BVanguard Capital Management LLC$4.9BCapital Research Global Investors$4.2BVanguard Portfolio Management LLC$3.4BState Street$3.4BPrincipal Financial Group$2.3B
Funds' net buying of TDG by quarter (13F)Funds' net buying of TDG by quarter (13F)−$1.8B2024-09$381M2024-12$206M2025-03$1.4B2025-06$1.4B2025-09−$604M2025-12$30.2M2026-03−$1.4B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TDG

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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中文版：TransDigm Group（TDG）财报

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