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LendingTree (TREE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · LendingTree (TREE) Q3 2026 earnings results →
Q3 2026 Revenue up 12% year over year to $344M · 21¢ of every $1 of revenue lost · operating margin -20.5%
LendingTree made $344M in Q3 2026 (+12% Y/Y): Insurance Segment $235M, Consumer Segment $67.2M, Home Segment $41.5M. Operating margin -20.5%, net loss $72.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 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 $343.6M in Q3 2026, up 12% year over year and up 10% from the previous quarter. Insurance Segment was the largest line at 68% of revenue. Insurance Segment added $31.4M year over year (up 15%), 88% of the total change.
Gross margin was 28.0%, down 2.7 points from Q3 2025. Operating costs exceeded revenue by $70.3M, an operating margin of -20.5%. Operating expenses grew 153% against revenue growth of 12%. The quarter ended with a net loss of $72.4M, after a profit of $9.6M the previous quarter.
Operating cash flow was $35.7M (up 24% year over year). Non-cash charges added back $5.4M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $97.8M. Capital expenditures of $2.9M left free cash flow of $32.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $344M | +12% | -20.5% | −$72.4M | $35.7M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $313M | +25% | 7.0% | $9.6M | $29.2M |
| Q1 2026 | 10-Q | May 1, 2026 | $327M | +36% | 9.5% | $17.3M | $11.6M |
| Q4 2025 | 10-K | Mar 9, 2026 | $320M | +22% | 7.0% | $145M | $16.5M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $308M | +18% | 9.3% | $10.2M | $28.8M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $250M | +19% | 8.4% | $8.9M | $28.0M |
| Q1 2025 | 10-Q | May 5, 2025 | $240M | +43% | -3.0% | −$12.4M | −$210K |
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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Customers and suppliers named in filings
Buys from
- MSFT · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About LendingTree
LendingTree, Inc. (“LendingTree”, the “Company”, “we” or “us”) operates what we believe to be the leading online consumer platform that connects consumers with the choices they need to be confident in their financial decisions. Through multiple branded marketplaces, LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of approximately 770 partners (which we refer to as “Network Partners”) in one simple search, and choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, home equity loans and lines of credit, auto loans, credit cards, deposit accounts, personal loans, small business loans, insurance quotes and other related offerings.
In its own words, from its 10-K, filed Mar 9, 2026.
LendingTree against its Loan Brokers peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +113%. Operating margin: -20.5% against the peers' median 34.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TREE LendingTree | Q3 2026 | $344M | +12% | -20.5% |
| FIGR Figure Technology Solutions | Q2 2026 | $226M | +113% | 34.5% |
| BETR Better Home & Finance Holding | Q2 2026 | $54.7M | +28% | -57.4% |
| TAAG Awareness Group | Q3 FY26 | $2.8M | 37× | 36.1% |
Source: LendingTree 10-Q on SEC EDGAR · CIK 1434621 · Loan Brokers
Guidance and outlook
13F: who owns TREE and who is buying
More on TREE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- LendingTree guidance history: guided vs reported
- LendingTree gross margin by quarter
- LendingTree operating margin by quarter
- LendingTree net income by quarter
- LendingTree free cash flow by quarter
- LendingTree capital expenditures by quarter
- LendingTree Insurance Segment revenue by quarter
- LendingTree Consumer Segment revenue by quarter
- LendingTree Home Segment revenue by quarter