Filing Flows › UWM Holdings (UWMC) › Q3 2026 › vs Q3 2025
UWM Holdings (UWMC) Q3 2026 vs Q3 2025 (year over year)
UWM Holdings's revenue fell $32.2M (-4%) from $843M in Q3 2025 to $811M in Q3 2026. Operating margin 27.6% against 1.5% (+26.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 27.6% | 1.5% | +26.1 pts |
| Net margin | 6.8% | -0.1% | +7.0 pts |
| Free cash flow margin | 1.7% | -366.4% | +368.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $811M | $843M | −$32.2M | -4% |
| Operating profit | $224M | $12.7M | $211M | 18× |
| Costs & expenses | $587M | $831M | −$243M | -29% |
| Pre-tax earnings | $224M | $12.7M | $211M | 18× |
| Net earnings | $55.5M | −$1.3M | $56.8M | — |
| Minority interests | $157M | $13.3M | $144M | 12× |
| Income tax | $11.1M | $582K | $10.5M | 19× |
| Depreciation & amortization | $15.8M | $14.1M | $1.6M | +11% |
| Share-based compensation | $10.2M | $14.7M | −$4.5M | -31% |
| Working capital & other | $54.6M | $3.1B | −$3.1B | -98% |
| Operating cash flow | $26.9M | −$3.1B | $3.1B | — |
| Free cash flow (OCF − capex) | $14.2M | −$3.1B | $3.1B | — |
| Capital expenditures | $12.7M | $10.4M | $2.4M | +23% |
Questions
How much did UWM Holdings's revenue grow year over year in Q3 2026?
UWM Holdings's revenue fell $32.2M (-4%) from $843M in Q3 2025 to $811M in Q3 2026. Operating margin 27.6% against 1.5% (+26.1 pts).