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Fluor (FLR) Q3 FY2026 earnings: revenue $3.7 billion, up 10.5% on the year

Fluor Corp. (FLR) reported revenue of $3.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 10.5% on the same quarter a year earlier. Net income was $158 million, and diluted earnings per share $1.16. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue
$3.7 billion
+10.5% on the year · -14.1% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
6.0%
-14.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
$158 million
+38.6% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.16
+43.2% on the quarter
Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 2 kept.

  • Consolidated segment profit turned positive: Consolidated segment profit was $248 million, against a loss of $439 million. Segment profit margin was 6.7%, against (13.0)%.
  • Adjusted EPS up 13% year over year: Diluted EPS was $1.16, against a loss of $4.30. Adjusted EPS was $0.77, against $0.68 a year earlier.
  • Adjusted EBITDA lower than last year: Adjusted EBITDA was $142 million, against $161 million. Adjusted EBITDA margin was 3.8%; the prior-year margin was 4.8%, which included an 80 basis point lift from the Santos revenue reversal.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue3,7204,3293,368-14.1%+10.5%
Cost of revenue3,5174,1503,817-15.3%-7.9%
Gross profit203179-449+13.4%
Gross margin5.5%4.1%-13.3%
Operating income225135-496+66.7%
Operating margin6.0%3.1%-14.7%
Interest expense9.011.011.0-18.2%-18.2%
Pre-tax income243156-483+55.8%
Income tax57.025.0-177+128.0%
Effective tax rate23.5%16.0%n/a
Net income158114-697+38.6%
Net margin4.2%2.6%-20.7%
Diluted EPS$1.16$0.81-$4.30+43.2%
$ million except per share.
Read moreFree 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

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow186-317286-35.0%
Capital expenditure8.07.013.0+14.3%-38.5%
Free cash flow178-324273-34.8%
Free cash flow margin4.8%-7.5%8.1%
Cash from investing-107349377
Cash from financing-312-288-47.0
Depreciation and amortisation16.016.017.00.0%-5.9%
Share-based compensation8.010.07.0-20.0%+14.3%
Buybacks30030070.00.0%+328.6%
Diluted shares, weighted136m141m162m-3.5%-16.0%
Shares outstanding at period end130m136m161m-4.0%-19.3%

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

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity2,5822,6865,186-3.9%-50.2%
Non-controlling interest11799.041.0+18.2%+185.4%
Debt1,0581,0721,070-1.3%-1.1%
Other liabilities3,4963,6795,171-5.0%-32.4%
Total liabilities and equity7,2537,53611,468-3.8%-36.8%
Fixed assets435446479-2.5%-9.2%
Investments9426684,875+41.0%-80.7%
Cash and equivalents2,6782,9232,776-8.4%-3.5%
Other assets3,1983,4993,338-8.6%-4.2%
Total assets7,2537,53611,468-3.8%-36.8%

Questions

What was Fluor's revenue in Q3 FY2026?

Fluor (FLR) reported revenue of $3.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 10.5% on the same quarter a year earlier.

How much did Fluor earn in Q3 FY2026?

Net income for Q3 FY2026 was $158 million, and diluted earnings per share $1.16.

When did Fluor report Q3 FY2026 results?

Fluor filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,1573,1223,2993,6123,7113,7523,9393,9633,8203,7344,2274,0944,2603,9823,9783,3684,1753,6634,3293,720
Cost of revenue3,0032,9993,1843,6273,5793,7903,7413,7123,7543,6354,0494,0064,0513,8423,9223,8174,0423,6504,1503,517
Gross profit153123115-15.0132-38.019825166.099.017888.020914056.0-44913313.0179203
Gross margin5%4%3%-0%4%-1%5%6%2%3%4%2%5%4%1%-13%3%0%4%5%
Operating income-14896.0106-11.018.0-14194.0218-24.052.017649.018691.0-26.0-49653.092.0135225
Operating margin-5%3%3%-0%0%-4%2%6%-1%1%4%1%4%2%-1%-15%1%3%3%6%
Interest expense13.016.013.014.016.016.016.014.014.013.011.011.011.012.09.011.010.010.011.09.0
Pre-tax income-15787.01053.049.0-10013126024.091.021486.02,327108-9.0-483283107156243
Tax raten/a36%30%900%165%n/a48%30%267%56%29%71%20%-49%n/an/a-203%-7%16%23%
Net income-27948.066.022.09.0-10761.0206-21.059.016954.01,863-2412,460-697-1,573160114158
Net margin-9%2%2%1%0%-3%2%5%-1%2%4%1%44%-6%62%-21%-38%4%3%4%
Diluted EPS-$0.80n/a$0.38$0.08-$0.01-$0.82$0.35$1.15-$0.12$0.34$0.97$0.31$10.57-$1.42$14.81-$4.30-$9.40$1.08$0.81$1.16
Operating cash flow245-18855.011846.0-16162.03.0308-111282330327-286-21.0286-366110-317186
Capital expenditure20.510.013.015.037.020.022.029.035.034.048.051.031.011.014.013.012.011.07.08.0
Free cash flow224-19842.01039.0-18140.0-26.0273-145234279296-297-35.0273-37899.0-324178
Buybacksn/an/an/an/an/an/an/an/an/a0.00.00.012514215370.0389516300300
Dividends paidn/a10.010.0n/an/a10.010.0n/an/an/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding141m142m142m142m142m143m143m170m170m171m171m171m169m166m162m161m152m142m136m130m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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. 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 6 November 2026: the filing.