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3M (MMM) Q3 FY2026 earnings: revenue $6.6 billion, up 1.0% on the year

3M Co. (MMM) reported revenue of $6.6 billion for Q3 FY2026, the quarter ended 30 September 2026, up 1.0% on the same quarter a year earlier. Net income was $1.4 billion, up 64.6% on the year, and diluted earnings per share $2.63. The figures are the company's own, from the 10-Q it filed with the SEC on 20 October 2026.

Revenue$6.6 billionup 1.0%
Net income$1.4 billionup 64.6%
Diluted EPS$2.63
QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 1 raised, 5 kept.

  • Sales rose 1.0%, adjusted 4.2%: GAAP net sales were $6,584 million, up 1.0%, with organic sales up 0.2%, acquisitions adding 1.4 points and divestitures subtracting 0.5 points. Adjusted sales rose 4.2%, with adjusted organic growth of 3.3%.
  • Other income lifted GAAP results: Other expense (income), net was $(112) million, against $300 million a year earlier. The Solventum ownership change in value is a special item, adding $0.60 to GAAP EPS.
  • Safety and Industrial led growth: Safety and Industrial sales were $3,182 million versus $2,917 million, up 9.1%, with organic growth of 7.0% and acquisitions adding 3.1 points. Operating income was $960 million versus $792 million.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Revenue6,5846,5006,517+1.0%
Cost of revenue3,8013,8173,792+0.2%
Gross profit2,7832,6832,725+2.1%
Gross margin42.3%41.3%41.8%
Selling, general and administrative9211,061820+12.3%
Operating income1,5589841,447+7.7%
Operating margin23.7%15.1%22.2%
Interest expense217202232-6.5%
Pre-tax income1,6701,1201,147+45.6%
Income tax261183308-15.3%
Effective tax rate15.6%16.3%26.9%
Net income1,373933834+64.6%
Net margin20.9%14.4%12.8%
Diluted EPS$2.63$1.78$1.55+69.7%
$ 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 and capital returned

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Operating cash flow4869861,756-72.3%
Capital expenditure256223218+17.4%
Free cash flow2307631,538-85.0%
Free cash flow margin3.5%11.7%23.6%
Cash from investing-2,089-483465n/a
Cash from financing3,483-1,334-1,208n/a
Depreciation and amortisation336335298+12.8%
Share-based compensation46.041.053.0-13.2%
Buybacks232994472-50.8%
Dividends paid403401389+3.6%
Dividend per share$0.78$0.78$0.73+6.8%
Diluted shares, weighted523m522m538m-2.9%
Shares outstanding at period end517m516m531m-2.7%

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

Balance sheet at quarter end

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Shareholders' equity4,1272,9524,628-10.8%
Non-controlling interest42.053.047.0-10.6%
Redeemable equity9710.0n/an/a
Debt14,99412,55112,603+19.0%
Operating lease liabilities450447379+18.7%
Other liabilities18,94218,92119,954-5.1%
Total liabilities and equity39,52634,92437,611+5.1%
Fixed assets6,9696,8777,247-3.8%
Goodwill7,3446,3746,416+14.5%
Intangible assets2,0521,0531,127+82.1%
Securities held for sale or to maturityn/an/a533n/a
Cash and equivalents4,8352,9554,671+3.5%
Receivables4,1163,9273,777+9.0%
Inventory4,0813,7703,893+4.8%
Other assets10,1299,9689,947+1.8%
Total assets39,52634,92437,611+5.1%

Questions

What was 3M's revenue in Q3 FY2026?

3M (MMM) reported revenue of $6.6 billion for Q3 FY2026, the quarter ended 30 September 2026, up 1.0% on the same quarter a year earlier.

How much did 3M earn in Q3 FY2026?

Net income for Q3 FY2026 was $1.4 billion, up 64.6% on the year, and diluted earnings per share $2.63.

When did 3M report Q3 FY2026 results?

3M filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 20 October 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue8,6128,8298,7028,6198,0796,0556,2836,2706,0026,0166,2556,2946,0105,9546,3446,5176,1336,0306,5006,584
Cost of revenue4,6984,8265,0934,7284,5853,7443,7283,7163,7953,4853,5713,6473,7443,4783,6463,7924,0753,5743,8173,801
Gross profit3,9144,0033,6093,8913,4942,3112,5552,5542,2072,5312,6842,6472,2662,4762,6982,7252,0582,4562,6832,783
Gross margin45%45%41%45%43%38%41%41%37%42%43%42%38%42%43%42%34%41%41%42%
SG&A1,8241,8823,0231,9982,1461,70511,6155,4191,6251,1281,1321,0628999451,2678209657441,061921
Operating income1,6161,6411104,1566321,241-9,358-3,0961,2431,1491,2721,3161,0851,2461,1401,4477961,3979841,558
Operating margin19%19%1%48%8%20%-149%-49%21%19%20%21%18%21%18%22%13%23%15%24%
Interest expense118113128106115123144304371385322276252255237232222214202217
Pre-tax income1,5641,60360.04,1325971,189-9,430-3,3021,0009291,4101,7217591,3859231,1477588781,1201,670
Tax rate15%19%-38%7%10%18%n/an/a6%24%14%20%4%19%27%27%24%25%16%16%
Net income1,3391,29978.03,859541976-6,841-2,0759459281,1451,3727281,1167238345776539331,373
Net margin16%15%1%45%7%16%-109%-33%16%15%18%22%12%19%11%13%9%11%14%21%
Diluted EPS$2.31$2.26$0.14$6.77$0.98$1.76-$12.35-$3.74$1.70$1.67$2.07$2.48$1.33$2.04$1.34$1.55$1.07$1.23$1.78$2.63
Operating cash flow2,0051,0111,1271,5311,9221,2751,5091,9101,9867671,021-1,7871,818-79.0-9541,7561,583574986486
Capital expenditure556424384435506475377405358375269246291236208218248225223256
Free cash flow1,4495877431,0961,4168001,1321,5051,628392752-2,0331,527-315-1,1621,5381,335349763230
Buybacks9387730.015553629.00.02.02.021.04006757051,2749534725521,999994232
Dividends paid848852848850819827828828828835386383378396390389387412401403
Shares outstanding572m569m570m553m549m552m552m552m553m553m549m545m539m538m533m531m530m522m516m517m
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. 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 20 October 2026: the filing.