Ball (BALL) Q3 FY2026 earnings: revenue $4.2 billion, up 23.9% on the year

Ball Corp. (BALL) reported revenue of $4.2 billion for Q3 FY2026, the quarter ended 30 September 2026, up 23.9% on the same quarter a year earlier. Net income was -$94 million, and diluted earnings per share $-0.36. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.

Revenue

$4.2 billion

+23.9% on the year · +4.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

n/a

Q4 FY2024Q3 FY2026

Net income

-$94 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.36

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 kept.

GAAP result turned to a loss: The company reported a U.S. GAAP net loss attributable to the corporation of $94 million, or 36 cents per diluted share, on sales of $4.19 billion, against $1.18 per share in 2025.
Comparable EPS rose 6.8%: Comparable net earnings were $293 million, or $1.10 per diluted share, against $280 million, or $1.03, in 2025, an increase of 6.8% in per-share earnings.
North and Central America costs rose: North and Central America earnings decreased on higher operating costs and plant start-up costs, partly offset by price/mix including metal pass-through timing and higher volume.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	4,188	3,997	3,379	+4.8%	+23.9%
Cost of revenue	3,479	3,300	2,701	+5.4%	+28.8%
Gross profit	709	697	678	+1.7%	+4.6%
Gross margin	16.9%	17.4%	20.1%
Selling, general and administrative	141	163	130	-13.5%	+8.5%
Interest expense	75.0	79.0	85.0	-5.1%	-11.8%
Pre-tax income	-145	278	391
Income tax	-43.0	65.0	76.0
Effective tax rate	n/a	23.4%	19.4%
Net income	-94.0	221	321
Net margin	-2.2%	5.5%	9.5%
Diluted EPS	-$0.36	$0.83	$1.18

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	189	608	384	-68.9%	-50.8%
Capital expenditure	157	141	127	+11.3%	+23.6%
Free cash flow	32.0	467	257	-93.1%	-87.5%
Free cash flow margin	0.8%	11.7%	7.6%
Cash from investing	-137	-131	-183
Cash from financing	-129	-731	52.0
Depreciation and amortisation	163	165	158	-1.2%	+3.2%
Buybacks	157	114	84.0	+37.7%	+86.9%
Dividends paid	52.0	53.0	54.0	-1.9%	-3.7%
Dividend per share	$0.20	$0.20	$0.20	0.0%	0.0%
Diluted shares, weighted	264m	267m	273m	-1.2%	-3.3%
Shares outstanding at period end	260m	265m	268m	-1.7%	-2.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	5,720	5,746	5,446	-0.5%	+5.0%
Non-controlling interest	20.0	20.0	6.0	0.0%	+233.3%
Debt	7,284	7,220	7,208	+0.9%	+1.1%
Operating lease liabilities	268	279	260	-3.9%	+3.1%
Finance lease liabilities	6.0	5.0	6.0	+20.0%	0.0%
Other liabilities	6,955	6,840	5,795	+1.7%	+20.0%
Total liabilities and equity	20,253	20,110	18,721	+0.7%	+8.2%
Goodwill	4,380	4,397	4,377	-0.4%	+0.1%
Intangible assets	869	908	1,014	-4.3%	-14.3%
Cash and equivalents	410	491	568	-16.5%	-27.8%
Receivables	2,990	2,758	2,201	+8.4%	+35.8%
Inventory	2,645	2,517	1,856	+5.1%	+42.5%
Other assets	8,959	9,039	8,705	-0.9%	+2.9%
Total assets	20,253	20,110	18,721	+0.7%	+8.2%

Questions

What was Ball's revenue in Q3 FY2026?

Ball (BALL) reported revenue of $4.2 billion for Q3 FY2026, the quarter ended 30 September 2026, up 23.9% on the same quarter a year earlier.

How much did Ball earn in Q3 FY2026?

Net loss for Q3 FY2026 was $94 million, and the diluted loss per share $0.36.

When did Ball report Q3 FY2026 results?

Ball filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 3 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022 †	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	3,674	3,716	4,134	3,951	3,548	2,981	3,067	3,111	2,903	2,874	2,959	3,082	2,880	3,097	3,338	3,379	3,347	3,603	3,997	4,188
Cost of revenue	2,981	3,016	3,445	3,275	3,030	2,432	2,506	2,512	2,704	2,283	2,357	2,425	2,289	2,493	2,690	2,701	2,699	2,957	3,300	3,479
Gross profit	693	700	689	676	518	441	453	487	483	477	489	545	480	604	648	678	648	646	697	709
Gross margin	19%	19%	17%	17%	15%	15%	15%	16%	17%	17%	17%	18%	17%	20%	19%	20%	19%	18%	17%	17%
SG&A	122	186	161	159	120	115	157	133	130	237	139	142	129	149	137	130	150	150	163	141
Operating income	380	610	-107	523	188	327	321	325	300	196	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating margin	10%	16%	-3%	13%	5%	11%	10%	10%	10%	7%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Interest expense	69.0	69.0	68.0	79.0	96.0	113	116	122	109	93.0	68.0	67.0	65.0	70.0	81.0	85.0	78.0	78.0	79.0	75.0
Pre-tax income	299	541	-177	444	76.0	154	151	175	191	101	200	227	7.0	229	268	391	240	258	278	-145
Tax rate	3%	18%	n/a	9%	26%	21%	19%	26%	23%	27%	24%	19%	214%	23%	23%	19%	21%	24%	23%	n/a
Net income	297	446	-174	392	55.0	177	173	203	154	3,685	158	197	-32.0	179	212	321	200	205	221	-94.0
Net margin	8%	12%	-4%	10%	2%	6%	6%	7%	5%	128%	5%	6%	-1%	6%	6%	9%	6%	6%	6%	-2%
Diluted EPS	$0.90	$1.37	-$0.55	$1.24	$0.17	$0.56	$0.55	$0.64	$0.49	$11.61	$0.51	$0.65	-$0.11	$0.63	$0.76	$1.18	$0.75	$0.77	$0.83	-$0.36
Operating cash flow	884	-804	406	174	525	-275	636	766	736	-1,247	252	610	500	-665	332	384	1,211	-777	608	189
Capital expenditure	522	362	457	443	389	343	265	222	215	154	106	117	107	81.0	96.0	127	170	161	141	157
Free cash flow	362	-1,166	-51.0	-269	136	-618	371	544	521	-1,401	146	493	393	-746	236	257	1,041	-938	467	32.0
Buybacks	410	98.0	480	39.0	1.0	3.0	0.0	0.0	0.0	182	483	396	651	555	467	84.0	215	1.0	114	157
Dividends paid	65.0	65.0	63.0	63.0	63.0	63.0	63.0	63.0	63.0	63.0	62.0	60.0	59.0	57.0	55.0	54.0	54.0	54.0	53.0	52.0
Shares outstanding	n/a	320m	314m	314m	314m	315m	315m	315m	283m	310m	304m	298m	283m	277m	272m	268m	266m	266m	265m	260m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 3 November 2026: the filing.