Filing Flows › WillScot Holdings (WSC) › Q3 2026
WillScot Holdings (WSC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
WillScot Holdings (WSC) reported revenue of $601M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -2% from the quarter before. Operating margin was 21.0%, net earnings $51.6M (8.6% of revenue).
WillScot Holdings, Q3 2026: revenue $601M (+6% year over year), operating margin 21.0%, net earnings $51.6M, operating cash flow $198M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $601M | -2% | +6% |
| Gross profit | $305M | -0.5% | +8% |
| Operating profit | $126M | +7% | +6% |
| Net earnings | $51.6M | +10% | +19% |
| Operating cash flow | $198M | +22% | +4% |
| Free cash flow | $193M | +22% | +3% |
What changed
Revenue was $601.3M in Q3 2026, up 6% year over year and down 2% from the previous quarter. Modular space leasing revenue was the largest line at 43% of revenue. Delivery and installation added $22.3M year over year (up 23%), 65% of the total change. New units declined 22%.
Gross margin was 50.7%, up 1.0 points from Q3 2025. Operating profit was $126.2M, a 21.0% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 22% reached operating profit, above the 21% margin then. Operating expenses grew 10% against revenue growth of 6%. The fastest-growing cost line was SG&A (+12%). Net earnings were $51.6M, up 19% year over year. The effective tax rate was 27.6%.
Operating cash flow was $198.0M (up 4% year over year), 384% of net earnings. Non-cash charges added back $22.5M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items added $116.4M. Capital expenditures of $5.4M left free cash flow of $192.6M.
Questions
What was WillScot Holdings' revenue in the third quarter 2026?
WillScot Holdings (WSC) reported revenue of $601M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -2% from the quarter before.
Was WillScot Holdings profitable in the third quarter 2026?
Operating profit was $126M (21.0% of revenue) and net earnings $51.6M.
Source: WillScot Holdings 10-Q on SEC EDGAR.