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World Kinect (WKC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · World Kinect (WKC) Q3 2026 earnings results →

Q3 2026 Revenue up 41% year over year to $13.3B · 0¢ of every $1 of revenue kept as net profit · operating margin 0.6%

World Kinect made $13.3B in Q3 2026 (+41% Y/Y). Operating margin 0.6%, net earnings $37.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$13.3B
Year over year+41%
Operating margin0.6%
Net earnings$37.9M
Operating cash flow$175M

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World Kinect Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
World Kinect Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $13.3B in Q3 2026, up 41% year over year and down 2% from the previous quarter.

Gross margin was 2.2%, down 0.5 points from Q3 2025. Operating profit was $0.08B, a 0.6% margin (down 0.1 points year over year). Of the extra revenue versus Q3 2025, 0% reached operating profit, below the 1% margin then. Operating expenses grew 11% against revenue growth of 41%. The fastest-growing cost line was General & admin (+46%). Net earnings were $0.04B, up 48% year over year. The effective tax rate was 32.7%.

Operating cash flow was $0.18B (up 51% year over year), 462% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.11B. After capital expenditures ($0.01B), free cash flow as the company reports it was $0.16B.

Quarterly history

World Kinect revenue by quarterWorld Kinect revenue by quarter$9.5BQ1 2025$9.0BQ2 2025$9.4BQ3 2025$9.0BQ4 2025$9.7BQ1 2026$13.6BQ2 2026$13.3BQ3 2026
World Kinect net earnings by quarterWorld Kinect net earnings by quarter−$21.3MQ1 2025−$339MQ2 2025$28.1MQ3 2025−$280MQ4 2025$25.6MQ1 2026$49.8MQ2 2026$37.9MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$13.3B+41%0.6%$37.9M$175M
Q2 202610-QJul 24, 2026$13.6B+50%0.7%$49.8M−$21.3M
Q1 202610-QApr 24, 2026$9.7B+2%0.6%$25.6M−$46.4M
Q4 202510-KFeb 24, 2026$9.0B-8%-3.1%−$280M$34.2M
Q3 202510-QOct 24, 2025$9.4B-10%0.7%$28.1M$116M
Q2 202510-QAug 1, 2025$9.0B-18%-3.8%−$339M$28.2M
Q1 202510-QApr 25, 2025$9.5B-14%-0.1%−$21.3M$114M

Charts

World Kinect: revenue growth, year over year and quarter over quarterWorld Kinect: revenue growth, year over year and quarter over quarterY/YQ/Q-14%Q1 2025-18%-4%Q2 2025-10%+4%Q3 2025-8%-4%Q4 2025+2%+7%Q1 2026+50%+40%Q2 2026+41%-2%Q3 2026
Latest (Q3 2026): Y/Y +41%, Q/Q -2%.
World Kinect: where the cash came from (+) and went (−), TTM to Q3 2026World Kinect: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)$256MOther investing−$151MOperating cash flow$142MBuybacks−$129MNet borrowing (+) / repaid (−)−$99.2MAsset & business sales$93.2MCapital spending−$59.8MDividends−$43.6MOther financing−$6.5MNot reconciled−$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
World Kinect: profit against cash, quarter by quarterWorld Kinect: profit against cash, quarter by quarterNet incomeOperating cash flow−$101M$120MQ4 2024−$21.3M$114MQ1 2025−$339M$28.2MQ2 2025$28.1M$116MQ3 2025−$280M$34.2MQ4 2025$25.6M−$46.4MQ1 2026$49.8M−$21.3MQ2 2026$37.9M$175MQ3 2026
Latest (Q3 2026): Net income $37.9M, Operating cash flow $175M.
World Kinect: diluted shares by fiscal yearWorld Kinect: diluted shares by fiscal year64MFY202063MFY202163MFY202262MFY202360MFY202456MFY2025
-12.7% since FY2020: buybacks shrank the count.

Interactive views

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💵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 World Kinect

World Kinect Corporation (the "Company") was incorporated in Florida in July 1984 and along with its consolidated subsidiaries is referred to collectively in this Annual Report on Form 10-K ("2025 10-K Report") as "World Kinect," "we," "our," and "us." We are a global energy management company offering fulfillment and related services to customers across the aviation, marine, and land transportation sectors. We also supply natural gas along with a complementary suite of sustainability-related products and services.

In its own words, from its 10-K, filed Feb 24, 2026.

World Kinect against its Wholesale-Petroleum & Petroleum Products (No Bulk Stations) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +41% against the peers' median +27%. Operating margin: 0.6% against the peers' median 1.3%.

CompanyQuarterRevenueY/YOp. margin
WKC World KinectQ3 2026$13.3B+41%0.6%
APC Arko PetroleumQ3 2026$1.9B+27%1.3%
CAPL CrossAmerica Partners LPQ3 2026$1.2B+23%2.0%

Source: World Kinect 10-Q on SEC EDGAR · CIK 789460 · Wholesale-Petroleum & Petroleum Products (No Bulk Stations)

Guidance and outlook

World Kinect: what its forward-looking statements are about (10-Q filed 2026-10-30)World Kinect: what its forward-looking statements are about (10-Q filed 2026-10-30)Costs7Other6Deals2Financing2Margins1People1Demand1
20 statements; tone +0.05 (−1 all cautious, +1 all confident); 3 hedged.
World Kinect: outlook statements against the filing beforeWorld Kinect: outlook statements against the filing beforeNew4Updated1Confident5Cautious4

13F: who owns WKC and who is buying

Largest holders of WKC (13F)Largest holders of WKC (13F)BlackRock$321MVanguard Group$157MBrandes Investment Partners, LP$145MVanguard Portfolio Management LLC$126MState Street$111MDimensional Fund Advisors LP$96.5MVanguard Capital Management LLC$73.6MInvesco$64.0MAmerican Century Companies$54.1MAQR Capital Management LLC$45.5M
Funds' net buying of WKC by quarter (13F)Funds' net buying of WKC by quarter (13F)−$28.3M2024-09$33.5M2024-12$2.0M2025-03−$12.8M2025-06−$57.5M2025-09−$23.6M2025-12−$25.1M2026-03$65.5M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on WKC

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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