Filing Flows › Financials › Zions Bancorporation, National Association (ZION)
Zions Bancorporation, National Association (ZION) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Zions Bancorporation, National Association (ZION) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $881M · 30¢ of every $1 of revenue kept as net profit · operating margin 38.1%
Zions Bancorporation, National Association made $881M in Q3 2026 (+2% Y/Y). Operating margin 38.1%, net earnings $263M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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 $881.0M in Q3 2026, up 2% year over year and down 23% from the previous quarter.
Operating profit was $336.0M, a 38.1% margin (up 5.0 points year over year). Of the extra revenue versus Q3 2025, 255% reached operating profit, above the 33% margin then. Total costs fell 5% while revenue rose 2%. Net earnings were $263.0M, up 18% year over year. The effective tax rate was 21.7%.
Operating cash flow was $894.0M (up 104% year over year), 340% of net earnings. Non-cash charges added back $31.0M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $593.0M. Capital expenditures of $34.0M left free cash flow of $860.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $881M | +2% | 38.1% | $263M | $894M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $1.1B | +36% | 51.3% | $453M | $422M |
| Q1 2026 | 10-Q | May 7, 2026 | $849M | +7% | 34.6% | $233M | $423M |
| Q4 2025 | 10-K | Feb 24, 2026 | $891M | +9% | 38.0% | $263M | $518M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $861M | +9% | 33.1% | $222M | $438M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $838M | +8% | 37.2% | $244M | −$62.0M |
| Q1 2025 | 10-Q | May 8, 2025 | $795M | +7% | 30.1% | $170M | $179M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Zions Bancorporation, National Association
Zions Bancorporation, National Association (“Zions Bancorporation, N.A.,” “the Bank,” “we,” “our,” “us”) is a bank headquartered in Salt Lake City, Utah, with annual net revenue (net interest income and noninterest income) of $3.4 billion in 2025, and total assets of approximately $89 billion at December 31, 2025. We provide a wide range of banking products and related services, primarily in 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. At December 31, 2025, we had more than one million customers, served through 407 branches and various online, mobile, and digital channels, and we had 9,195 full-time equivalent employees.
In its own words, from its 10-K, filed Feb 24, 2026.
Zions Bancorporation, National Association against its National Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +6%. Operating margin: 38.1% against the peers' median 32.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ZION Zions Bancorporation, National Association | Q3 2026 | $881M | +2% | 38.1% |
| JPM JPMorgan Chase | Q3 2026 | $50.2B | +8% | 40.1% |
| BAC Bank of America | Q3 2026 | $30.0B | +3% | 29.9% |
| C Citigroup | Q3 2026 | $23.8B | +8% | 30.6% |
| WFC Wells Fargo | Q3 2026 | $21.9B | +2% | 32.5% |
| COF Capital One Financial | Q3 2026 | $16.3B | +6% | 28.0% |
| USB US Bancorp | Q3 2026 | $8.0B | +9% | 35.1% |
| PNC PNC Financial Services Group | Q3 2026 | $6.6B | +11% | 40.0% |
| TFC Truist Financial | Q3 2026 | $3.7B | -28% | 23.9% |
Source: Zions Bancorporation, National Association 10-Q on SEC EDGAR · CIK 109380 · National Commercial Banks
Guidance and outlook
13F: who owns ZION and who is buying
More on ZION
- How Zions Bancorporation, National Association makes money: revenue by segment
- Zions Bancorporation, National Association stock forecast, price target and fair value
- Who owns Zions Bancorporation, National Association stock: holders, funds and Congress trades
- Zions Bancorporation, National Association guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
Compare ZION with
- Zions Bancorporation, National Association vs Pinnacle Financial Partners (ZION vs PNFP)
- Zions Bancorporation, National Association vs UMB Financial (ZION vs UMBF)
- Zions Bancorporation, National Association vs Old National Bancorp (ZION vs ONB)
- Zions Bancorporation, National Association vs Cullen/Frost Bankers (ZION vs CFR)