Filing Flows › UWM Holdings (UWMC) › Q3 2026 › vs Q2 2026
UWM Holdings (UWMC) Q3 2026 vs Q2 2026 (quarter over quarter)
UWM Holdings's revenue fell $76.9M (-9%) from $888M in Q2 2026 to $811M in Q3 2026. Operating margin 27.6% against -53.3% (+80.8 pts).
UWM Holdings, Q3 2026: revenue $811M (-4% year over year), operating margin 27.6%, net earnings $55.5M, operating cash flow $26.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.6% | -53.3% | +80.8 pts |
| Net margin | 6.8% | -9.1% | +15.9 pts |
| Free cash flow margin | 1.7% | 37.7% | -35.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $811M | $888M | −$76.9M | -9% |
| Operating profit | $224M | −$473M | $697M | — |
| Costs & expenses | $587M | $1.4B | −$774M | -57% |
| Pre-tax earnings | $224M | −$473M | $697M | — |
| Net earnings | $55.5M | −$80.6M | $136M | — |
| Minority interests | $157M | −$371M | $528M | — |
| Income tax | $11.1M | −$21.0M | $32.1M | — |
| Depreciation & amortization | $15.8M | $14.2M | $1.5M | +11% |
| Share-based compensation | $10.2M | $12.5M | −$2.3M | -18% |
| Working capital & other | $54.6M | −$398M | $452M | — |
| Operating cash flow | $26.9M | $344M | −$317M | -92% |
| Free cash flow (OCF − capex) | $14.2M | $335M | −$320M | -96% |
| Capital expenditures | $12.7M | $9.5M | $3.3M | +35% |
Questions
How much did UWM Holdings's revenue grow quarter over quarter in Q3 2026?
UWM Holdings's revenue fell $76.9M (-9%) from $888M in Q2 2026 to $811M in Q3 2026. Operating margin 27.6% against -53.3% (+80.8 pts).