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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.

UWM Holdings: what changed, Q3 2026 vs Q2 2026UWM Holdings: what changed, Q3 2026 vs Q2 2026Costs & expenses−$774MOperating profit$697MPre-tax earnings$697MMinority interests$528MWorking capital & other$452MFree cash flow (OCF − capex)−$320MOperating cash flow−$317MNet earnings$136MIncome tax$32.1MCapital expenditures$3.3M

Margins

Q3 2026Q2 2026Change
Operating margin27.6%-53.3%+80.8 pts
Net margin6.8%-9.1%+15.9 pts
Free cash flow margin1.7%37.7%-35.9 pts

Every line

LineQ3 2026Q2 2026Change%
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).

Q3 2026 results → · Compare in the interactive Sankey →