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WW International (WW) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · WW International (WW) Q3 2026 earnings results →

Q3 2026 Revenue down 17% year over year to $153M · 10¢ of every $1 of revenue kept as net profit · operating margin 23.9%

WW International made $153M in Q3 2026 (-17% Y/Y): Subscription $152M, Other $941K. Operating margin 23.9%, net earnings $15.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$153M
Year over year-17%
Operating margin23.9%
Net earnings$15.1M
Operating cash flow$32.3M

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 $152.9M in Q3 2026, down 17% year over year and down 6% from the previous quarter. Behavioral Subscription Revenues was the largest line at 75% of revenue. Behavioral Subscription Revenues lost $41.6M year over year (down 27%), 133% of the total change.

Gross margin was 71.1%, down 1.1 points from Q3 2025. Operating profit was $36.5M, a 23.9% margin (up 18.1 points year over year). Operating expenses fell 41% while revenue fell 17%. Net earnings were $15.1M. The effective tax rate was 41.4%.

Operating cash flow was $32.3M (up 284% year over year), 214% of net earnings. Non-cash charges added back $13.0M of depreciation and amortization and $484K of share-based compensation. Working capital and other items added $3.7M.

Quarterly history

WW International revenue by quarterWW International revenue by quarter$184MQ4 2024$187MQ1 2025$184MQ3 2025$163MQ4 2025$168MQ1 2026$162MQ2 2026$153MQ3 2026
WW International net earnings by quarterWW International net earnings by quarter$25.1MQ4 2024−$72.6MQ1 2025−$56.3MQ3 2025−$5.8MQ4 2025−$52.0MQ1 2026$14.1MQ2 2026$15.1MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$153M-17%23.9%$15.1M$32.3M
Q2 202610-QAug 5, 2026$162M—5.8%$14.1M$24.3M
Q1 202610-QMay 7, 2026$168M-10%-18.1%−$52.0M−$33.5M
Q4 202510-KMar 16, 2026$163M-12%-7.9%−$5.8M−$2.9M
Q3 202510-QNov 6, 2025$184M-4%5.8%−$56.3M$8.4M
Q1 202510-QMay 6, 2025$187M-10%-10.8%−$72.6M$15.0M
Q4 202410-KFeb 28, 2025$184M-10%19.6%$25.1M$4.6M

Charts

WW International: revenue growth, year over year and quarter over quarterWW International: revenue growth, year over year and quarter over quarterY/YQ/Q-10%Q4 2024-10%+1%Q1 2025-4%-1%Q3 2025-12%-12%Q4 2025-10%+3%Q1 2026-4%Q2 2026-17%-6%Q3 2026
Latest (Q3 2026): Y/Y -17%, Q/Q -6%.
WW International: where the cash came from (+) and went (−), FY2024WW International: where the cash came from (+) and went (−), FY2024Cash drawn (+) / kept (−)$52.8MOperating cash flow−$16.8MOther financing−$16.5MOther investing−$15.7MExchange rates−$2.2MTaxes on employees’ shares−$839KCapital spending−$718KNet borrowing (+) / repaid (−)−$4K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
WW International: profit against cash, quarter by quarterWW International: profit against cash, quarter by quarterNet incomeOperating cash flow$25.1M$4.6MQ4 2024−$72.6M$15.0MQ1 2025$1.2B−$49.4MQ2 2025−$56.3M$8.4MQ3 2025−$5.8M−$2.9MQ4 2025−$52.0M−$33.5MQ1 2026$14.1M$24.3MQ2 2026$15.1M$32.3MQ3 2026
Latest (Q3 2026): Net income $15.1M, Operating cash flow $32.3M.
WW International: diluted shares by fiscal yearWW International: diluted shares by fiscal year70MFY201970MFY202171MFY202270MFY202277MFY202380MFY2024
+14.4% since FY2019: more shares outstanding (issuance, stock pay).
WW International: long-term debt falling due (FY2024)WW International: long-term debt falling due (FY2024)$10.0M2027$935M2028$500M2029
Cash $53.0M, short-term investments —, long-term debt $1.4B at 2024-12-28.
WW International in its industry: growth against margin (11 companies, SIC 7200)WW International in its industry: growth against margin (11 companies, SIC 7200)revenue growth, year over year →↑ operating marginmedian -1%median 10%HRBSCIUNFYELPEVICSVRGSDLPNXWELDOGPWW (-17%, 24%)
Services-Personal Services; dot size is quarterly revenue; dashed lines are the industry's medians.

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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WW International against its Services-Personal Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -17% against the peers' median +2%. Operating margin: 23.9% against the peers' median 13.2%.

CompanyQuarterRevenueY/YOp. margin
WW WW InternationalQ3 2026$153M-17%23.9%
HRB H&R BlockQ4 FY26$1.1B+3%32.9%
SCI Service Corp InternationalQ3 2026$1.1B+5%22.8%
UNF UnifirstQ4 FY26$645M+5%6.5%
YELP YelpQ3 2026$371M-1%13.2%
EVI EVI IndustriesQ4 FY26$122M+11%4.6%
CSV Carriage ServicesQ3 2026$100M-2%19.3%
RGS RegisQ1 FY27$54.3M-8%9.8%
DLPN Dolphin EntertainmentQ2 2026$14.4M+2%-7.1%

Source: WW International 10-Q on SEC EDGAR · CIK 105319 · Services-Personal Services

Guidance and outlook

WW International: what its forward-looking statements are about (10-Q filed 2026-11-05)WW International: what its forward-looking statements are about (10-Q filed 2026-11-05)Buybacks & dividends5Other2Financing2The economy1
10 statements; tone -0.20 (−1 all cautious, +1 all confident); 5 hedged.
WW International: outlook statements against the filing beforeWW International: outlook statements against the filing beforeCautious2

13F: who owns WW and who is buying

Largest holders of WW (13F)Largest holders of WW (13F)Aristeia Capital, L.L.C.$11.3MUBS Group AG$9.1MMillennium Management LLC$9.0MCarronade Capital Management, LP$7.5MFund 1 Investments, LLC$6.8MVanguard Capital Management LLC$6.7MCygnus Capital Advisors, LLC$6.2MInvesco Senior Secured Management$5.0MBlackRock$5.0MContrarius Group Holdings$4.9M
Funds' net buying of WW by quarter (13F)Funds' net buying of WW by quarter (13F)$1.3M2025-06$133M2025-09$5.9M2025-12$13.2M2026-03$10.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on WW

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q1 2025 results · Q4 2024 results

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中文版:WW International(WW)财报

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