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Valvoline (VVV) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 5, 2026 · Valvoline (VVV) Q3 FY26 earnings results →

Q3 FY26 Revenue up 24% year over year to $545M · 12¢ of every $1 of revenue kept as net profit · operating margin 20.6%

Valvoline made $545M in Q3 FY26 (+24% Y/Y). Operating margin 20.6%, net earnings $64.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 5, 2026.

Revenue$545M
Year over year+24%
Operating margin20.6%
Net earnings$64.5M
Operating cash flow$124M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $544.6M in Q3 FY26, up 24% year over year and up 8% from the previous quarter.

Gross margin was 39.5%, down 1.0 points from Q3 FY25. Operating profit was $112.2M, a 20.6% margin (down 1.0 points year over year). Of the extra revenue versus Q3 FY25, 17% reached operating profit, below the 22% margin then. Operating expenses grew 24% against revenue growth of 24%. Net earnings were $64.5M, up 14% year over year. The effective tax rate was 24.2%.

Operating cash flow was $124.4M (up 43% year over year), 193% of net earnings. Non-cash charges added back $3.4M of share-based compensation. Working capital and other items added $56.5M. Capital expenditures of $57.1M left free cash flow of $67.3M.

Quarterly history

Valvoline revenue by quarterValvoline revenue by quarter$436MQ4 FY24$403MQ2 FY25$439MQ3 FY25$454MQ4 FY25$462MQ1 FY26$504MQ2 FY26$545MQ3 FY26
Valvoline net earnings by quarterValvoline net earnings by quarter$92.3MQ4 FY24$37.6MQ2 FY25$56.5MQ3 FY25$25.0MQ4 FY25−$32.8MQ1 FY26$44.8MQ2 FY26$64.5MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 5, 2026$545M+24%20.6%$64.5M$124M
Q2 FY2610-QMay 7, 2026$504M+25%17.1%$44.8M$95.4M
Q1 FY2610-QFeb 4, 2026$462M+12%4.0%−$32.8M$64.8M
Q4 FY2510-KNov 21, 2025$454M+4%18.6%$25.0M$122M
Q3 FY2510-QAug 6, 2025$439M+4%21.6%$56.5M$86.9M
Q2 FY2510-QMay 8, 2025$403M+4%16.6%$37.6M$47.2M
Q4 FY2410-KNov 22, 2024$436M+12%30.9%$92.3M$101M

Charts

Valvoline: revenue growth, year over year and quarter over quarterValvoline: revenue growth, year over year and quarter over quarterY/YQ/Q+12%Q4 FY24+4%-7%Q2 FY25+4%+9%Q3 FY25+4%+3%Q4 FY25+12%+2%Q1 FY26+25%+9%Q2 FY26+24%+8%Q3 FY26
Latest (Q3 FY26): Y/Y +24%, Q/Q +8%.
Valvoline: where the cash came from (+) and went (−), TTM to Q3 FY26Valvoline: where the cash came from (+) and went (−), TTM to Q3 FY26Acquisitions−$685MNet borrowing (+) / repaid (−)$534MOperating cash flow$406MCapital spending−$271MOther investing$66.1MOther financing−$34.1MCash drawn (+) / kept (−)−$15.9MExchange rates−$300K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Valvoline: profit against cash, quarter by quarterValvoline: profit against cash, quarter by quarterNet incomeOperating cash flow$92.3M$101MQ4 FY24$91.6M$41.2MQ1 FY25$37.6M$47.2MQ2 FY25$56.5M$86.9MQ3 FY25$25.0M$122MQ4 FY25−$32.8M$64.8MQ1 FY26$44.8M$95.4MQ2 FY26$64.5M$124MQ3 FY26
Latest (Q3 FY26): Net income $64.5M, Operating cash flow $124M.
Valvoline: diluted shares by fiscal yearValvoline: diluted shares by fiscal year188MFY20184MFY21180MFY22163MFY23131MFY24129MFY25
-31.4% since FY20: buybacks shrank the count.
Valvoline: long-term debt falling due (FY25)Valvoline: long-term debt falling due (FY25)$23.8M2026$23.8M2027$498M2028$535MLater
Cash $51.6M, short-term investments —, long-term debt $1.1B at 2025-09-30.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Valvoline

Valvoline Inc. is a leader in automotive preventive maintenance delivering convenient and trusted services in its retail stores throughout the United States (“U.S.”) and Canada. The terms “Valvoline,” the “Company,” “we,” “us,” “management,” and “our” as used herein refer to Valvoline Inc., its predecessors and its consolidated subsidiaries, except where the context indicates otherwise. As the quick, easy, trusted leader in automotive preventive maintenance, Valvoline is creating shareholder value by driving the full potential of its core business, delivering sustainable network growth, and continuing to innovate to meet the evolving needs of customers and the car parc. With average customer ratings that indicate high levels of service satisfaction, Valvoline and the Company’s franchise partners simplify vehicle care so customers can do what drives them.

In its own words, from its 10-K, filed Nov 21, 2025.

Valvoline against its Miscellaneous Products of Petroleum & Coal peers

The largest companies of the same SEC industry, each at its latest quarter.

CompanyQuarterRevenueY/YOp. margin
VVV ValvolineQ3 FY26$545M+24%20.6%
KWR Quaker ChemicalQ3 2026$545M+10%9.0%

Source: Valvoline 10-Q on SEC EDGAR · CIK 1674910 · Miscellaneous Products of Petroleum & Coal

13F: who owns VVV and who is buying

Largest holders of VVV (13F)Largest holders of VVV (13F)BlackRock$502MVanguard Group$358MBoston Partners$269MVanguard Portfolio Management LLC$230MVanguard Capital Management LLC$229MWellington Management Group LLP$184MState Street$171MWasatch Advisors LP$152MMorgan Stanley$151MNeuberger Berman Group LLC$130M
Funds' net buying of VVV by quarter (13F)Funds' net buying of VVV by quarter (13F)−$14.6M2024-09−$21.3M2024-12$261M2025-03$343M2025-06$90.3M2025-09$207M2025-12$241M2026-03−$90.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VVV

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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