DXP Enterprises (DXPE) Q3 FY2026 earnings: revenue $587 million, up 14.3% on the year

DXP Enterprises Inc. (DXPE) reported revenue of $587 million for Q3 FY2026, the quarter ended 30 September 2026, up 14.3% on the same quarter a year earlier. Net income was $27 million, up 24.2% on the year, and diluted earnings per share $1.64. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$587 million

+14.3% on the year · +1.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

8.9%

8.5% a year earlier

Q4 FY2024Q3 FY2026

Net income

$27 million

+24.2% on the year · -6.4% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$1.64

+25.2% on the year · -6.8% on the quarter

Q4 FY2024Q3 FY2026

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

What management said

Sales rose 14.3 percent year-over-year: Sales were $587.2 million against $513.7 million a year earlier. The CFO described the result as a new sales high watermark.
Pumping Solutions grew fastest at 43.3 percent: Innovative Pumping Solutions revenue was $144.1 million, with a 16.3 percent operating income margin. Of the three segments, it had the largest year-over-year increase.
Adjusted EBITDA rose 19.0 percent: Adjusted EBITDA was $67.3 million against $56.5 million a year earlier, an increase of 19.0 percent.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	587	576	514	+1.9%	+14.3%
Cost of revenue	407	393	352	+3.4%	+15.4%
Gross profit	181	183	161	-1.4%	+11.9%
Gross margin	30.7%	31.8%	31.4%
Selling, general and administrative	128	128	118	+0.4%	+8.9%
Operating income	52.5	55.5	43.7	-5.5%	+20.1%
Operating margin	8.9%	9.6%	8.5%
Interest expense	16.9	16.8	14.9	+0.7%	+13.8%
Pre-tax income	36.5	39.7	29.5	-8.2%	+23.8%
Income tax	9.6	11.0	7.8	-12.9%	+22.7%
Effective tax rate	26.3%	27.7%	26.6%
Net income	26.9	28.7	21.6	-6.4%	+24.2%
Net margin	4.6%	5.0%	4.2%
Diluted EPS	$1.64	$1.76	$1.31	-6.8%	+25.2%

$ 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	18.7	32.4	34.9	-42.3%	-46.4%
Capital expenditure	4.2	2.6	6.7	+61.7%	-37.1%
Free cash flow	14.4	29.8	28.1	-51.5%	-48.7%
Free cash flow margin	2.5%	5.2%	5.5%
Cash from investing	-17.5	-12.3	-17.3
Cash from financing	-9.2	-5.9	-6.6
Share-based compensation	1.5	1.5	1.5	+1.6%	+0.7%
Buybacks	n/a	n/a	2.0
Dividends paid	0.0	0.0	0.0	+4.5%	0.0%
Diluted shares, weighted	16m	16m	17m	+0.0%	-1.0%
Shares outstanding at period end	16m	16m	16m	+0.1%	-1.0%

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	570	541	488	+5.5%	+16.8%
Debt	823	825	626	-0.2%	+31.5%
Operating lease liabilities	54.7	54.5	44.5	+0.3%	+22.8%
Other liabilities	369	349	286	+5.8%	+29.4%
Total liabilities and equity	1,818	1,770	1,444	+2.7%	+25.8%
Goodwill	573	561	467	+2.2%	+22.8%
Intangible assets	114	116	75.4	-1.9%	+51.4%
Cash and equivalents	219	227	124	-3.4%	+76.7%
Receivables	472	440	379	+7.4%	+24.5%
Inventory	124	121	109	+2.2%	+13.8%
Other assets	315	305	290	+3.5%	+8.6%
Total assets	1,818	1,770	1,444	+2.7%	+25.8%

Questions

What was DXP Enterprises' revenue in Q3 FY2026?

DXP Enterprises (DXPE) reported revenue of $587 million for Q3 FY2026, the quarter ended 30 September 2026, up 14.3% on the same quarter a year earlier.

How much did DXP Enterprises earn in Q3 FY2026?

Net income for Q3 FY2026 was $27 million, up 24.2% on the year, and diluted earnings per share $1.64.

When did DXP Enterprises report Q3 FY2026 results?

DXP Enterprises filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 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	293	319	368	387	406	424	428	419	407	413	446	473	471	477	499	514	527	522	576	587
Cost of revenue	208	225	264	276	295	299	296	294	284	289	308	327	322	326	341	352	361	353	393	407
Gross profit	84.7	94.9	104	112	111	125	132	126	123	124	138	146	148	150	158	161	167	169	183	181
Gross margin	29%	30%	28%	29%	27%	29%	31%	30%	30%	30%	31%	31%	32%	32%	32%	31%	32%	32%	32%	31%
SG&A	77.1	73.3	78.3	85.1	87.5	89.6	94.4	89.7	92.8	94.8	100	107	109	110	112	118	120	126	128	128
Operating income	7.6	21.6	25.9	26.5	23.7	35.4	37.5	35.9	30.0	29.1	37.4	39.6	39.3	40.5	46.0	43.7	46.7	42.5	55.5	52.5
Operating margin	3%	7%	7%	7%	6%	8%	9%	9%	7%	7%	8%	8%	8%	9%	9%	9%	9%	8%	10%	9%
Interest expense	5.2	5.2	5.6	6.8	11.5	11.5	11.9	12.7	17.1	15.5	15.4	15.7	17.3	14.7	14.7	14.9	16.2	16.4	16.8	16.9
Pre-tax income	1.8	15.9	19.5	18.1	12.4	24.3	25.9	21.9	14.8	15.6	23.0	23.7	22.7	27.2	31.6	29.5	31.0	26.6	39.7	36.5
Tax rate	59%	21%	26%	28%	35%	28%	26%	26%	-8%	27%	27%	11%	6%	24%	25%	27%	26%	25%	28%	26%
Net income	0.9	12.6	14.4	13.9	7.2	17.6	19.1	16.2	16.0	11.3	16.7	21.1	21.4	20.6	23.6	21.6	22.8	20.0	28.7	26.9
Net margin	0%	4%	4%	4%	2%	4%	4%	4%	4%	3%	4%	4%	5%	4%	5%	4%	4%	4%	5%	5%
Diluted EPS	$0.04	$0.65	$0.74	$0.71	$0.37	$0.95	$1.06	$0.93	$0.94	$0.67	$1.00	$1.27	$1.29	$1.25	$1.43	$1.31	$1.39	$1.22	$1.76	$1.64
Operating cash flow	14.3	2.7	3.0	-3.4	3.6	26.4	-2.4	39.8	42.4	27.0	14.7	28.3	32.1	3.0	18.6	34.9	37.8	29.6	32.4	18.7
Capital expenditure	3.0	0.7	1.1	1.6	1.5	3.8	1.8	1.5	5.2	2.9	8.8	4.0	9.4	19.9	10.3	6.7	3.3	3.3	2.6	4.2
Free cash flow	11.2	1.9	1.9	-5.0	2.1	22.6	-4.2	38.3	37.3	24.1	5.9	24.4	22.7	-16.9	8.3	28.1	34.5	26.3	29.8	14.4
Buybacks	24.7	8.3	6.8	3.4	29.4	9.1	24.4	22.6	0.0	14.8	9.2	4.8	0.2	0.0	0.0	2.0	15.1	n/a	n/a	n/a
Dividends paid	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Shares outstanding	19m	19m	19m	19m	18m	18m	17m	16m	16m	16m	16m	16m	16m	16m	16m	16m	16m	16m	16m	16m
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 5 November 2026: the filing.