Criteo (CRTO) Q3 FY2026 earnings: revenue $416 million, down 11.3% on the year

Criteo S.A. (CRTO) reported revenue of $416 million for Q3 FY2026, the quarter ended 30 September 2026, down 11.3% on the same quarter a year earlier. Net income was $6 million, down 85.2% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$416 million

-11.3% on the year · -2.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

5.0%

11.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$6 million

-85.2% on the year · -50.2% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.11

-84.3% on the year · -50.0% on the quarter

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 2 new, 2 kept.

Revenue and Contribution ex-TAC both fell: Revenue was $416 million, down 11% (10% at constant currency). Contribution ex-TAC was $240 million, down 17% (15% at constant currency), against $470 million and $288 million a year earlier.
Net income and EPS declined sharply: Net income was $6 million, down 85%, or $0.11 per diluted share against $0.70. Adjusted diluted EPS was $0.43 against $1.31 in the third quarter of 2025.
Retail Media revenue fell 23%: Retail Media revenue was $51.9 million, down 23%. Retail Media Contribution ex-TAC was $50.9 million, down 23%, which the company attributed to a $20 million headwind from scope changes with two clients.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	416	428	470	-2.7%	-11.3%
Cost of revenue	176	173	182	+2.1%	-3.0%
Gross profit	208	222	256	-6.5%	-19.0%
Gross margin	49.9%	51.9%	54.6%
Research and development	57.2	71.9	67.7	-20.5%	-15.5%
Operating income	21.0	15.0	51.6	+39.6%	-59.4%
Operating margin	5.0%	3.5%	11.0%
Interest expense	0.9	0.7	0.7	+30.8%	+20.7%
Pre-tax income	22.0	15.3	51.6	+43.7%	-57.3%
Income tax	15.9	3.6	11.5	+344.4%	+37.8%
Effective tax rate	72.2%	23.3%	22.3%
Net income	5.6	11.2	37.8	-50.2%	-85.2%
Net margin	1.3%	2.6%	8.0%
Diluted EPS	$0.11	$0.22	$0.70	-50.0%	-84.3%

$ 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	56.9	20.3	89.6	+180.5%	-36.4%
Capital expenditure	35.8	58.2	23.0	-38.4%	+56.1%
Free cash flow	21.1	-37.9	66.6		-68.3%
Free cash flow margin	5.1%	-8.9%	14.2%
Cash from investing	-35.8	-57.8	-27.4
Cash from financing	-4.6	-30.7	-11.2
Share-based compensation	9.3	16.4	14.1	-43.6%	-34.1%
Buybacks	4.1	30.4	10.9	-86.5%	-62.6%
Diluted shares, weighted	50m	51m	54m	-1.5%	-7.4%
Shares outstanding at period end	49m	49m	49m	+1.1%	-0.3%

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	1,144	1,128	1,171	+1.5%	-2.3%
Non-controlling interest	38.5	36.6	n/a	+5.2%
Operating lease liabilities	99.5	102	n/a	-2.6%
Other liabilities	753	745	n/a	+1.1%
Total liabilities and equity	2,035	2,011	n/a	+1.2%
Fixed assets	197	168	n/a	+17.0%
Goodwill	531	532	n/a	-0.1%
Intangible assets	139	141	n/a	-1.9%
Investments	50.7	50.8	n/a	-0.3%
Cash and equivalents	275	252	255	+9.0%	+7.8%
Receivables	454	456	n/a	-0.4%
Other assets	388	410	n/a	-5.4%
Total assets	2,035	2,011	n/a	+1.2%

Questions

What was Criteo's revenue in Q3 FY2026?

Criteo (CRTO) reported revenue of $416 million for Q3 FY2026, the quarter ended 30 September 2026, down 11.3% on the same quarter a year earlier.

How much did Criteo earn in Q3 FY2026?

Net income for Q3 FY2026 was $6 million, down 85.2% on the year, and diluted earnings per share $0.11.

When did Criteo report Q3 FY2026 results?

Criteo filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 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	653	511	495	447	564	445	469	469	566	450	471	459	553	451	483	470	541	425	428	416
Cost of revenue	377	294	281	234	281	224	229	224	250	196	204	193	219	187	191	182	211	174	173	176
Gross profit	244	184	185	180	247	182	200	205	277	217	233	232	301	237	259	256	297	223	222	208
Gross margin	37%	36%	37%	40%	44%	41%	43%	44%	49%	48%	49%	51%	54%	52%	54%	55%	55%	52%	52%	50%
R&D	44.9	34.0	41.5	42.7	69.3	63.6	67.8	62.5	48.4	66.9	59.6	85.3	67.6	60.7	79.6	67.7	75.3	69.7	71.9	57.2
Operating income	65.7	27.7	-56.5	4.5	48.6	-23.5	1.0	11.4	88.3	10.4	36.9	9.6	94.5	48.2	30.5	51.6	72.5	10.4	15.0	21.0
Operating margin	10%	5%	-11%	1%	9%	-5%	0%	2%	16%	2%	8%	2%	17%	11%	6%	11%	13%	2%	4%	5%
Interest expense	0.8	0.5	0.4	0.4	0.6	0.5	0.6	0.4	0.7	0.4	0.4	0.5	0.5	0.4	0.7	0.7	0.7	0.8	0.7	0.9
Pre-tax income	69.1	31.7	-40.1	8.0	42.5	-16.7	-0.9	8.5	83.8	11.5	36.7	9.6	96.7	50.5	28.7	51.6	72.8	12.3	15.3	22.0
Tax rate	-8%	33%	n/a	18%	62%	n/a	n/a	22%	26%	26%	23%	36%	26%	21%	20%	22%	36%	30%	23%	72%
Net income	73.8	20.6	-33.6	6.6	15.4	-11.8	-2.9	6.9	61.0	7.2	27.0	6.2	71.1	37.9	21.2	37.8	47.6	7.8	11.2	5.6
Net margin	11%	4%	-7%	1%	3%	-3%	-1%	1%	11%	2%	6%	1%	13%	8%	4%	8%	9%	2%	3%	1%
Diluted EPS	$1.14	$0.32	-$0.54	$0.10	$0.25	-$0.20	-$0.05	$0.12	$1.02	$0.12	$0.46	$0.11	$1.23	$0.66	$0.39	$0.70	$0.90	$0.15	$0.22	$0.11
Operating cash flow	66.0	74.9	14.0	41.6	125	42.0	1.3	19.6	161	14.0	17.2	57.5	169	62.3	-1.4	89.6	161	48.2	20.3	56.9
Capital expenditure	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	13.8	21.2	n/a	n/a	17.1	35.3	23.0	27.4	32.8	58.2	35.8
Free cash flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.2	-4.0	n/a	n/a	45.2	-36.6	66.6	133	15.4	-37.9	21.1
Buybacks	27.4	8.3	21.0	29.8	76.5	51.0	23.8	28.5	22.1	62.1	40.4	55.0	67.1	56.2	48.3	10.9	36.6	31.0	30.4	4.1
Shares outstanding	66m	66m	66m	65m	63m	63m	63m	63m	61m	61m	59m	59m	58m	58m	58m	49m	51m	50m	49m	49m
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 4 November 2026: the filing.