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Texas Roadhouse (TXRH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Texas Roadhouse (TXRH) Q3 2026 earnings results →

Q3 2026 Revenue up 10% year over year to $1.6B · 6¢ of every $1 of revenue kept as net profit · operating margin 6.5%

Texas Roadhouse made $1.6B in Q3 2026 (+10% Y/Y): Restaurant and other sales $1.6B, Royalties and franchise fees $7.2M. Operating margin 6.5%, net earnings $89.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$1.6B
Year over year+10%
Operating margin6.5%
Net earnings$89.4M
Operating cash flow$147M

Drawing the Sankey…

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Texas Roadhouse Q3 2026 revenue breakdown: Sankey diagram of revenue (Restaurant and other sales, Royalties and franchise fees), costs, profit and cash flow
Texas Roadhouse Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.6B in Q3 2026, up 10% year over year and down 6% from the previous quarter. Restaurant and other sales was the largest line at 100% of revenue. Restaurant and other sales added $0.14B year over year (up 10%), 100% of the total change. Royalties and franchise fees declined 1%.

Operating profit was $0.10B, a 6.5% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 7% margin then. Total costs grew 10% against revenue growth of 10%. Net earnings were $0.09B, up 7% year over year. The effective tax rate was 12.2%.

Operating cash flow was $0.15B (up 2% year over year), 161% of net income including minority interests. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.14B left free cash flow of $0.01B.

Quarterly history

Texas Roadhouse revenue by quarterTexas Roadhouse revenue by quarter$1.4BQ1 2025$1.5BQ2 2025$1.4BQ3 2025$1.5BQ4 2025$1.6BQ1 2026$1.7BQ2 2026$1.6BQ3 2026
Texas Roadhouse net earnings by quarterTexas Roadhouse net earnings by quarter$114MQ1 2025$124MQ2 2025$83.2MQ3 2025$84.6MQ4 2025$123MQ1 2026$122MQ2 2026$89.4MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$1.6B+10%6.5%$89.4M$147M
Q2 202610-QAug 7, 2026$1.7B+11%8.5%$122M$180M
Q1 202610-QMay 8, 2026$1.6B+13%9.0%$123M$259M
Q4 202510-KFeb 27, 2026$1.5B+3%6.5%$84.6M$220M
Q3 202510-QNov 7, 2025$1.4B+13%6.7%$83.2M$144M
Q2 202510-QAug 8, 2025$1.5B+13%9.7%$124M$128M
Q1 202510-QMay 9, 2025$1.4B+10%9.3%$114M$238M

Charts

Texas Roadhouse: revenue growth, year over year and quarter over quarterTexas Roadhouse: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q1 2025+13%+4%Q2 2025+13%-5%Q3 2025+3%+3%Q4 2025+13%+10%Q1 2026+11%+3%Q2 2026+10%-6%Q3 2026
Latest (Q3 2026): Y/Y +10%, Q/Q -6%.
Texas Roadhouse: where the cash came from (+) and went (−), TTM to Q3 2026Texas Roadhouse: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$806MCapital spending−$404MDividends−$193MBuybacks−$134MAcquisitions−$85.1MOther financing$52.6MCash drawn (+) / kept (−)−$33.2MOther investing$15.0MTaxes on employees’ shares−$14.9MPartners−$10.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Texas Roadhouse: profit against cash, quarter by quarterTexas Roadhouse: profit against cash, quarter by quarterNet incomeOperating cash flow$119M$238MQ4 2024$116M$238MQ1 2025$127M$128MQ2 2025$84.9M$144MQ3 2025$86.7M$220MQ4 2025$126M$259MQ1 2026$125M$180MQ2 2026$91.3M$147MQ3 2026
Latest (Q3 2026): Net income $91.3M, Operating cash flow $147M.
Texas Roadhouse: diluted shares by fiscal yearTexas Roadhouse: diluted shares by fiscal year70MFY202070MFY202168MFY202267MFY202367MFY202467MFY2025
-4.8% since FY2020: buybacks shrank the count.
Texas Roadhouse in its industry: growth against margin (41 companies, SIC 5812)Texas Roadhouse in its industry: growth against margin (41 companies, SIC 5812)revenue growth, year over year →↑ operating marginmedian +4%median 6%MCDARMKYUMCCMGDRIQSRQSPYUMEATCAKEBLMNCBRLPLAYPZZABJRICAVAFWRGRRGBJACKDINJMKEPTLOWINGSTKSSGNDLSLOCOBH-AKRUSRICKBDLGENKNATHARKRGTIMLVOREBNNROMBTBDBABBTXRH (+10%, 6%)
Retail-Eating Places; dot size is quarterly revenue; dashed lines are the industry's medians.

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 Texas Roadhouse

Texas Roadhouse, Inc. (the "Company," "we," "our," and/or "us") was incorporated under the laws of the state of Delaware in 2004. The principal executive office is located in Louisville, Kentucky. The Company is a growing restaurant company operating predominantly in the casual dining segment. Our late founder, W. Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse restaurant in Clarksville, Indiana. Since then, we have grown to three concepts with 816 restaurants in 49 states, one U.S. territory, and ten foreign countries.

In its own words, from its 10-K, filed Feb 27, 2026.

Texas Roadhouse against its Retail-Eating Places peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +8%. Operating margin: 6.5% against the peers' median 13.0%.

CompanyQuarterRevenueY/YOp. margin
TXRH Texas RoadhouseQ3 2026$1.6B+10%6.5%
MCD McDonald'sQ3 2026$7.2B+1%50.2%
ARMK AramarkQ3 FY26$5.1B+9%4.3%
YUMC Yum China HoldingsQ3 2026$3.5B+8%13.0%
CMG Chipotle Mexican GrillQ3 2026$3.3B+10%13.7%
DRI Darden RestaurantsQ1 FY27$3.2B+5%10.0%
QSR Restaurant Brands InternationalQ3 2026$2.5B+3%27.6%
YUM Yum BrandsQ3 2026$2.1B+4%112.8%
EAT Brinker InternationalQ1 FY27$1.5B+9%10.2%

Source: Texas Roadhouse 10-Q on SEC EDGAR · CIK 1289460 · Retail-Eating Places

Guidance and outlook

Texas Roadhouse Tax rate: guidance against what was reportedTexas Roadhouse Tax rate: guidance against what was reportedguided rangereported (above / within / below)FY202415.3%FY2026FY202513.8%FY2027
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Texas Roadhouse: what its forward-looking statements are about (10-Q filed 2026-11-06)Texas Roadhouse: what its forward-looking statements are about (10-Q filed 2026-11-06)Costs4Tax2Capital spending2Deals1Other1Financing1
11 statements; tone +0.18 (−1 all cautious, +1 all confident); 2 hedged.
Texas Roadhouse: outlook statements against the filing beforeTexas Roadhouse: outlook statements against the filing beforeConfident2

13F: who owns TXRH and who is buying

Largest holders of TXRH (13F)Largest holders of TXRH (13F)BlackRock$1.3BVanguard Group$1.0BCapital World Investors$838MAQR Capital Management LLC$785MVanguard Portfolio Management LLC$592MVanguard Capital Management LLC$573MAlliancebernstein L.P.$534MState Street$402MVictory Capital Management$352MFMR LLC$318M
Funds' net buying of TXRH by quarter (13F)Funds' net buying of TXRH by quarter (13F)−$51.6M2024-09−$188M2024-12$689M2025-03−$342M2025-06$62.0M2025-09$569M2025-12−$95.5M2026-03−$372M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TXRH

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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