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Graphic Packaging Holding (GPK) Q3 FY2026 earnings: revenue $2.2 billion, up 0.1% on the year

Graphic Packaging Holding Co. (GPK) reported revenue of $2.2 billion for Q3 FY2026, the quarter ended 30 September 2026, up 0.1% on the same quarter a year earlier. Net income was $22 million, down 84.5% on the year, and diluted earnings per share $0.07. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.

Revenue
$2.2 billion
+0.1% on the year · +0.2% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
4.6%
10.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
$22 million
-84.5% on the year · -8.3% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.07
-85.4% on the year · -12.5% on the quarter
Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 5 kept.

  • Net sales flat, volume up 1%: Net Sales were $2,192 million against $2,190 million. Volume/mix added $19 million, while price fell $15 million and foreign exchange and other reduced sales by $2 million.
  • Adjusted net income of $67 million: Adjusted Net Income, excluding special items and purchased-intangible amortization, was $67 million, or $0.23 per diluted share, against $172 million, or $0.58, a year earlier.
  • Adjusted EBITDA margin fell to 13.2%: Adjusted EBITDA was $289 million, against $383 million in the same quarter of 2025, which gives the margin shown.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue2,1922,1882,190+0.2%+0.1%
Cost of revenue1,8851,8961,756-0.6%+7.3%
Gross profit307292434+5.1%-29.3%
Gross margin14.0%13.3%19.8%
Selling, general and administrative162180163-10.0%-0.6%
Operating income10195.0234+6.3%-56.8%
Operating margin4.6%4.3%10.7%
Interest expense69.068.053.0+1.5%+30.2%
Pre-tax income32.026.0181+23.1%-82.3%
Income tax11.02.040.0+450.0%-72.5%
Effective tax rate34.4%7.7%22.1%
Net income22.024.0142-8.3%-84.5%
Net margin1.0%1.1%6.5%
Diluted EPS$0.07$0.08$0.48-12.5%-85.4%
$ 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 flow250158227+58.2%+10.1%
Cash from investing85.0-36.0-231
Cash from financing-200-1064.0
Depreciation and amortisation152145126+4.8%+20.6%
Share-based compensation4.06.0n/a-33.3%
Buybacks0.0n/a40.0
Dividends paid33.033.033.00.0%0.0%
Dividend per share$0.11$0.11$0.110.0%0.0%
Diluted shares, weighted297m297m298m+0.1%-0.2%
Shares outstanding at period end296m296m295m+0.0%+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

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity3,2063,2363,285-0.9%-2.4%
Non-controlling interest1.01.01.00.0%0.0%
Debt5,4995,6675,918-3.0%-7.1%
Other liabilities2,7682,7562,674+0.4%+3.5%
Total liabilities and equity11,47411,66011,878-1.6%-3.4%
Fixed assets5,4375,532n/a-1.7%
Goodwill2,0392,0482,063-0.4%-1.2%
Intangible assets606626683-3.2%-11.3%
Cash and equivalents337205120+64.4%+180.8%
Receivables794888908-10.6%-12.6%
Inventory1,6931,6911,785+0.1%-5.2%
Other assets5686706,319-15.2%-91.0%
Total assets11,47411,66011,878-1.6%-3.4%

Questions

What was Graphic Packaging Holding's revenue in Q3 FY2026?

Graphic Packaging Holding (GPK) reported revenue of $2.2 billion for Q3 FY2026, the quarter ended 30 September 2026, up 0.1% on the same quarter a year earlier.

How much did Graphic Packaging Holding earn in Q3 FY2026?

Net income for Q3 FY2026 was $22 million, down 84.5% on the year, and diluted earnings per share $0.07.

When did Graphic Packaging Holding report Q3 FY2026 results?

Graphic Packaging Holding 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 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,9882,2452,3582,4512,3862,4382,3922,3492,2492,2592,2372,2162,0952,1202,2042,1902,1032,1562,1882,192
Cost of revenue1,7011,8581,9171,9401,8951,8781,8861,7991,7481,7331,7561,7141,6421,6751,7841,7561,8001,8501,8961,885
Gross profit287387441511491560506550501526481502453445420434303306292307
Gross margin14%17%19%21%21%23%21%23%22%23%22%23%22%21%19%20%14%14%13%14%
SG&A149181185203205197205220183215197191171196204163141202180162
Operating income83.019315229326833026728729027832427823922119323415619.095.0101
Operating margin4%9%6%12%11%14%11%12%13%12%14%13%11%10%9%11%7%1%4%5%
Interest expense35.042.048.053.054.058.060.062.059.059.060.058.053.051.053.053.063.064.068.069.0
Pre-tax income49.015310524221627120722423021826421918517013918192.0-45.026.032.0
Tax rate20%30%37%20%28%24%28%24%15%24%28%25%25%25%25%22%23%n/a8%34%
Net income39.010766.019315620715017019616519016513812710414271.0-43.024.022.0
Net margin2%5%3%8%7%8%6%7%9%7%8%7%7%6%5%6%3%-2%1%1%
Diluted EPS$0.12$0.35$0.21$0.62$0.50$0.67$0.49$0.55$0.64$0.53$0.62$0.55$0.46$0.42$0.34$0.48$0.24-$0.14$0.08$0.07
Operating cash flow15018.027033247060.02314114423.0161187489-174267227521-113158250
Buybacks0.00.07.015.06.028.01.08.017.00.02000.00.0n/an/a40.0n/an/an/a0.0
Dividends paid21.023.023.023.023.031.030.031.031.031.030.030.031.030.033.033.032.032.033.033.0
Shares outstanding307m308m308m307m307m307m307m307m306m307m300m300m300m302m297m295m295m296m296m296m
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 3 November 2026: the filing.