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TKO Group Holdings (TKO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · TKO Group Holdings (TKO) Q3 2026 earnings results →
Q3 2026 Revenue up 22% year over year to $1.4B · 7¢ of every $1 of revenue kept as net profit · operating margin 27.8%
TKO Group Holdings made $1.4B in Q3 2026 (+22% Y/Y). Operating margin 27.8%, net earnings $98.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 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 $1.4B in Q3 2026, up 21% year over year and down 12% from the previous quarter.
Operating profit was $0.38B, a 27.8% margin (up 12.4 points year over year). Of the extra revenue versus Q3 2025, 86% reached operating profit, above the 15% margin then. Total costs grew 4% against revenue growth of 21%. Net earnings were $0.10B, up 141% year over year. The effective tax rate was 11.7%.
Operating cash flow was $0.47B (up 13% year over year), 170% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.06B. After purchases of property, buildings and equipment and other assets ($0.02B), free cash flow as the company reports it was $0.45B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $1.4B | +22% | 27.8% | $98.7M | $472M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $1.5B | +18% | 27.8% | $102M | $374M |
| Q1 2026 | 10-Q | May 6, 2026 | $1.6B | +26% | 21.2% | $89.4M | $695M |
| Q4 2025 | 10-K | Feb 25, 2026 | $1.0B | +12% | 5.5% | $847K | $310M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $1.1B | -27% | 15.4% | $41.0M | $417M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $1.3B | +10% | 28.1% | $98.4M | $396M |
| Q1 2025 | 10-Q | May 8, 2025 | $1.3B | +4% | 18.7% | $58.4M | $163M |
Charts
Interactive views
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💵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 TKO Group Holdings
TKO Group Holdings, Inc. (NYSE: TKO) is a premium sports and entertainment company. TKO’s businesses include UFC, the world’s premier mixed martial arts organization; WWE, the global leader in sports entertainment; PBR, the world’s premier bull riding organization; and its joint venture Zuffa Boxing, a professional boxing promotion. Together, these properties reach more than 1 billion households across 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans. TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality.
In its own words, from its 8-K, filed Aug 3, 2026.
TKO Group Holdings against its Services-Amusement & Recreation Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +10%. Operating margin: 27.8% against the peers' median 7.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TKO TKO Group Holdings | Q3 2026 | $1.4B | +22% | 27.8% |
| LYV Live Nation Entertainment | Q3 2026 | $10.1B | +19% | 8.8% |
| WMG Warner Music Group | Q3 FY26 | $1.9B | +10% | 16.4% |
| FUN Six Flags Entertainment | Q3 2026 | $1.2B | -11% | -25.6% |
| ACEL Accel Entertainment | Q3 2026 | $364M | +10% | 7.9% |
| BATRA Atlanta Braves Holdings | Q3 2026 | $325M | +4% | 2.7% |
| LUCK Lucky Strike Entertainment | Q1 FY27 | $303M | +4% | 9.3% |
| SPHR Sphere Entertainment | Q3 2026 | $274M | +4% | -87.7% |
| LLYVA Liberty Live Holdings | Q3 2026 | $106M | +72% | -11.0% |
Source: TKO Group Holdings 10-Q on SEC EDGAR · CIK 1973266 · Services-Amusement & Recreation Services
Guidance and outlook
13F: who owns TKO and who is buying
More on TKO
- How TKO Group Holdings makes money: revenue by segment
- TKO Group Holdings next earnings date and what analysts expect
- TKO Group Holdings stock forecast, price target and fair value
- Who owns TKO Group Holdings stock: holders, funds and Congress trades
- TKO Group Holdings guidance and outlook
- Is TKO Group Holdings a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results