Filing Flows › W. P. Carey (WPC) › Q3 2026
W. P. Carey (WPC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
W. P. Carey (WPC) reported revenue of $468M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +2% from the quarter before. Operating margin was 55.2%, net earnings $141M (30.1% of revenue).
W. P. Carey, Q3 2026: revenue $468M (+9% year over year), operating margin 55.2%, net earnings $141M, operating cash flow $322M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $468M | +2% | +9% |
| Operating profit | $258M | +58% | +25% |
| Net earnings | $141M | -24% | -0.1% |
| Operating cash flow | $322M | -3% | +7% |
What changed
Revenue was $468.3M in Q3 2026, up 9% year over year and up 2% from the previous quarter. Owned Real Estate Segment was the largest line at 100% of revenue. Owned Real Estate Segment added $38.4M year over year (up 9%), 104% of the total change. Asset management revenue declined 69%.
Operating profit was $258.3M, a 55.2% margin (up 7.4 points year over year). Of the extra revenue versus Q3 2025, 141% reached operating profit, above the 48% margin then. Total costs fell 7% while revenue rose 9%. Net earnings were $140.9M, roughly flat year over year. The effective tax rate was 6.9%.
Operating cash flow was $322.2M (up 7% year over year), 228% of net earnings. Non-cash charges added back $133.1M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items added $38.0M.
Questions
What was W. P. Carey's revenue in the third quarter 2026?
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Was W. P. Carey profitable in the third quarter 2026?
Operating profit was $258M (55.2% of revenue) and net earnings $141M.
Source: W. P. Carey 10-Q on SEC EDGAR.