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How Williams Companies (WMB) makes money
Williams Companies (WMB) made $3.2B of revenue in the third quarter 2026 (Q3 2026). Service revenues brought in $2.3B (72%); Product sales brought in $845M (26%); Service revenues – commodity consideration brought in $57.0M (2%). Of every dollar of revenue, 35¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Service revenues | $2.3B | 72.0% | — | — |
| Product sales | $845M | 26.2% | — | — |
| Service revenues – commodity consideration | $57.0M | 1.8% | — | — |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.2B | 100.0% |
| Operating profit | $1.1B | 35.3% |
| Income tax | $221M | 6.9% |
| Net earnings | $700M | 21.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.2B | +10% |
| Q2 2026 | $3.1B | +10% |
| Q1 2026 | $3.0B | -0.6% |
| Q4 2025 | $3.2B | +17% |
| Q3 2025 | $2.9B | +10% |
| Q2 2025 | $2.8B | +19% |
| Q1 2025 | $3.0B | +10% |
From Williams Companies' 8-K filed Nov 2, 2026 (on EDGAR).
Questions
How does Williams Companies make money?
Williams Companies (WMB) made $3.2B of revenue in the third quarter 2026 (Q3 2026). Service revenues brought in $2.3B (72%); Product sales brought in $845M (26%); Service revenues – commodity consideration brought in $57.0M (2%). Of every dollar of revenue, 35¢ was left as operating profit, 22¢ was left as net earnings.
What is Williams Companies' biggest business?
Service revenues: $2.3B in the third quarter 2026, 72% of revenue.
What is Williams Companies' profit margin?
Net earnings were $700M, 21.7% of revenue, in the third quarter 2026; the operating margin was 35.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.