Filing Flows › UWM Holdings (UWMC) › How it makes money
How UWM Holdings (UWMC) makes money
UWM Holdings (UWMC) made $811M of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Of every dollar of revenue, 28¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $811M | 100.0% |
| Operating profit | $224M | 27.6% |
| Income tax | $11.1M | 1.4% |
| Net earnings | $55.5M | 6.8% |
| Operating cash flow | $26.9M | 3.3% |
| Free cash flow | $14.2M | 1.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $811M | -4% |
| Q2 2026 | $888M | +17% |
| Q1 2026 | $901M | +47% |
| Q4 2025 | $945M | +31% |
| Q3 2025 | $843M | +13% |
| Q2 2025 | $759M | +22% |
| Q1 2025 | $613M | +5% |
From UWM Holdings' 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does UWM Holdings make money?
UWM Holdings (UWMC) made $811M of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Of every dollar of revenue, 28¢ was left as operating profit, 7¢ was left as net earnings.
What is UWM Holdings' profit margin?
Net earnings were $55.5M, 6.8% of revenue, in the third quarter 2026; the operating margin was 27.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.