Filing Flows › Vertiv Holdings (VRT) › Q3 2026 › vs Q3 2025
Vertiv Holdings (VRT) Q3 2026 vs Q3 2025 (year over year)
Vertiv Holdings's revenue rose $1.6B (+61%) from $2.7B in Q3 2025 to $4.3B in Q3 2026. The biggest changes: Americas +$1.3B (+75%); Asia Pacific +$260M (+50%); Europe, Middle East & Africa +$101M (+23%). Operating margin 22.8% against 19.3% (+3.5 pts).
Vertiv Holdings, Q3 2026: revenue $4.3B (+61% year over year), operating margin 22.8%, net earnings $764M, operating cash flow $794M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.8% | 19.3% | +3.5 pts |
| Net margin | 17.7% | 14.9% | +2.8 pts |
| Free cash flow margin | 15.1% | 16.3% | -1.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Americas | $3.0B | $1.7B | $1.3B | +75% |
| Asia Pacific | $779M | $520M | $260M | +50% |
| Europe, Middle East & Africa | $545M | $444M | $101M | +23% |
| Revenue | $4.3B | $2.7B | $1.6B | +61% |
| Operating profit | $984M | $517M | $467M | +90% |
| Costs & expenses | $3.3B | $2.2B | $1.2B | +54% |
| Pre-tax earnings | $995M | $492M | $503M | +102% |
| Cost of revenue | $2.7B | $1.7B | $1.0B | +60% |
| SG&A | $557M | $414M | $143M | +34% |
| Other operating costs | $103M | $79.7M | $23.0M | +29% |
| Net earnings | $764M | $398M | $366M | +92% |
| Income tax | $230M | $93.7M | $137M | +146% |
| Depreciation & amortization | $108M | $75.4M | $32.5M | +43% |
| Share-based compensation | $19.7M | $14.2M | $5.5M | +39% |
| Working capital & other | $98.1M | $5.4M | $92.7M | 18× |
| Operating cash flow | $794M | $483M | $311M | +64% |
| Adjusted free cash flow (company-reported) | $652M | $436M | $216M | +50% |
| Capital expenditures | $139M | $45.2M | $93.9M | +208% |
| Investments in capitalized software | $2.7M | $1.5M | $1.2M | +80% |
Questions
How much did Vertiv Holdings's revenue grow year over year in Q3 2026?
Vertiv Holdings's revenue rose $1.6B (+61%) from $2.7B in Q3 2025 to $4.3B in Q3 2026.
What drove Vertiv Holdings's revenue change in Q3 2026?
Americas +$1.3B (+75%); Asia Pacific +$260M (+50%); Europe, Middle East & Africa +$101M (+23%).