Filing Flows › Zions Bancorporation, National Association (ZION) › Q1 2026
Zions Bancorporation, National Association (ZION) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Zions Bancorporation, National Association (ZION) reported revenue of $849M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -5% from the quarter before. Operating margin was 34.6%, net earnings $233M (27.4% of revenue).
Zions Bancorporation, National Association, Q1 2026: revenue $849M (+7% year over year), operating margin 34.6%, net earnings $233M, operating cash flow $423M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $849M | -5% | +7% |
| Operating profit | $294M | -13% | +23% |
| Net earnings | $233M | -11% | +37% |
| Operating cash flow | $423M | -18% | +136% |
| Free cash flow | $398M | -17% | +162% |
What changed
Revenue was $849.0M in Q1 2026, up 7% year over year and down 5% from the previous quarter.
Operating profit was $294.0M, a 34.6% margin (up 4.6 points year over year). Of the extra revenue versus Q1 2025, 102% reached operating profit, above the 30% margin then. Total costs fell 0% while revenue rose 7%. Net earnings were $233.0M, up 37% year over year. The effective tax rate was 20.7%.
Operating cash flow was $423.0M (up 136% year over year), 182% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $18.0M of share-based compensation. Working capital and other items added $142.0M. Capital expenditures of $25.0M left free cash flow of $398.0M.
Questions
What was Zions Bancorporation, National Association's revenue in the first quarter 2026?
Zions Bancorporation, National Association (ZION) reported revenue of $849M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -5% from the quarter before.
Was Zions Bancorporation, National Association profitable in the first quarter 2026?
Operating profit was $294M (34.6% of revenue) and net earnings $233M.
Source: Zions Bancorporation, National Association 10-Q on SEC EDGAR.