Outfront Media (OUT) Q3 FY2026 earnings: revenue $511 million, up 9.3% on the year

Outfront Media Inc. (OUT) reported revenue of $511 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.3% on the same quarter a year earlier. Net income was $65 million, up 26.3% on the year, and diluted earnings per share $0.36. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$511 million

+9.3% on the year · -2.2% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

20.1%

19.2% a year earlier

Q4 FY2024Q3 FY2026

Net income

$65 million

+26.3% on the year · -16.4% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.36

+24.1% on the year · -18.2% on the quarter

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 1 new, 1 kept.

Revenue grew 9.3% in the quarter: Revenues were $511.1 million, up $43.6 million or 9.3%. Adjusted OIBDA was $145.3 million, up 5.9% from $137.2 million.
Net income and per-share earnings rose: Net income attributable to OUTFRONT was $64.8 million. Diluted EPS was $0.36 versus $0.29. FFO rose 5.9% to $105.6 million and AFFO rose 5.0% to $102.9 million.
Transit earnings grew sharply: Transit revenue was $135.3 million, up 20.4%, on higher yield and World Cup revenue. Adjusted OIBDA was $28.9 million, up 84.1%, with margin at 21.4% versus 14.0%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	511	522	468	-2.2%	+9.3%
Selling, general and administrative	130	123	105	+5.3%	+23.1%
Operating income	103	116	89.9	-11.5%	+14.3%
Operating margin	20.1%	22.2%	19.2%
Interest expense	36.9	36.2	37.0	+1.9%	-0.3%
Pre-tax income	65.9	78.5	52.3	-16.1%	+26.0%
Income tax	1.3	0.9	1.2	+44.4%	+8.3%
Effective tax rate	2.0%	1.1%	2.3%
Net income	64.8	77.5	51.3	-16.4%	+26.3%
Net margin	12.7%	14.8%	11.0%
Diluted EPS	$0.36	$0.44	$0.29	-18.2%	+24.1%

$ 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	128	108	88.8	+18.0%	+44.0%
Capital expenditure	19.4	17.2	21.1	+12.8%	-8.1%
Free cash flow	108	91.2	67.7	+19.0%	+60.3%
Free cash flow margin	21.2%	17.5%	14.5%
Cash from investing	-23.6	-34.8	-25.8
Cash from financing	-61.4	-110	-28.5
Depreciation and amortisation	37.8	37.0	40.0	+2.2%	-5.5%
Share-based compensation	6.6	6.9	5.6	-4.3%	+17.9%
Dividends paid	58.1	52.9	52.4	+9.8%	+10.9%
Dividend per share	$0.33	$0.30	$0.30	+10.0%	+10.0%
Diluted shares, weighted	178m	178m	176m	+0.1%	+0.7%
Shares outstanding at period end	176m	176m	167m	+0.0%	+5.3%

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	706	693	543	+1.8%	+30.0%
Non-controlling interest	1.4	1.4	1.5	0.0%	-6.7%
Redeemable equity	26.8	25.7	120	+4.3%	-77.6%
Debt	2,530	2,529	2,582	+0.0%	-2.0%
Operating lease liabilities	1,439	1,424	1,361	+1.0%	+5.7%
Other liabilities	606	596	603	+1.7%	+0.5%
Total liabilities and equity	5,310	5,270	5,210	+0.7%	+1.9%
Fixed assets	640	644	642	-0.7%	-0.5%
Goodwill	2,006	2,006	2,006	0.0%	0.0%
Intangible assets	591	598	622	-1.2%	-5.0%
Cash and equivalents	74.1	31.2	63.0	+137.5%	+17.6%
Receivables	346	352	306	-1.8%	+13.0%
Other assets	1,652	1,638	1,570	+0.9%	+5.2%
Total assets	5,310	5,270	5,210	+0.7%	+1.9%

Questions

What was Outfront Media's revenue in Q3 FY2026?

Outfront Media (OUT) reported revenue of $511 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.3% on the same quarter a year earlier.

How much did Outfront Media earn in Q3 FY2026?

Net income for Q3 FY2026 was $65 million, up 26.3% on the year, and diluted earnings per share $0.36.

When did Outfront Media report Q3 FY2026 results?

Outfront Media 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 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	464	374	450	454	495	396	469	455	501	408	477	452	493	391	460	468	513	430	522	511
SG&A	104	98.4	107	106	110	108	109	105	108	110	119	109	110	115	111	105	111	107	123	130
Operating income	105	28.5	79.9	74.3	105	10.2	-438	58.6	111	14.0	229	71.3	111	13.9	56.2	89.9	134	55.9	116	103
Operating margin	23%	8%	18%	16%	21%	3%	-93%	13%	22%	3%	48%	16%	23%	4%	12%	19%	26%	13%	22%	20%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	41.4	41.1	37.1	36.6	36.0	36.5	37.0	36.9	36.0	36.2	36.9
Pre-tax income	73.3	-2.3	48.4	40.4	69.2	-27.5	-478	18.3	62.3	-27.4	188	34.1	74.5	-22.1	19.7	52.3	96.6	19.9	78.5	65.9
Tax rate	4%	n/a	2%	-1%	15%	n/a	n/a	8%	3%	n/a	6%	-1%	1%	n/a	1%	2%	0%	2%	1%	2%
Net income	71.1	-0.1	48.0	40.8	59.2	-28.9	-479	17.0	60.4	-27.2	177	34.6	74.0	-20.6	19.5	51.3	96.8	19.1	77.5	64.8
Net margin	15%	-0%	11%	9%	12%	-7%	-102%	4%	12%	-7%	37%	8%	15%	-5%	4%	11%	19%	4%	15%	13%
Diluted EPS	$0.44	-$0.04	$0.28	$0.23	$0.34	-$0.19	-$2.92	$0.09	$0.35	-$0.18	$1.01	$0.19	$0.43	-$0.14	$0.10	$0.29	$0.55	$0.11	$0.44	$0.36
Operating cash flow	53.7	20.5	80.6	73.7	79.3	9.4	78.3	61.5	105	30.6	71.0	73.1	124	33.6	67.1	88.8	118	75.3	108	128
Capital expenditure	32.6	16.9	24.9	24.8	23.2	22.6	22.3	18.7	23.2	18.4	23.9	17.6	18.2	17.2	25.7	21.1	24.8	24.1	17.2	19.4
Free cash flow	21.1	3.6	55.7	48.9	56.1	-13.2	56.0	42.8	81.8	12.2	47.1	55.5	106	16.4	41.4	67.7	93.3	51.2	91.2	108
Dividends paid	21.6	51.5	51.4	51.4	51.5	52.0	51.7	51.7	51.6	52.4	52.0	52.0	52.0	53.0	52.3	52.4	52.6	53.4	52.9	58.1
Shares outstanding	146m	164m	164m	164m	164m	165m	165m	165m	165m	166m	166m	166m	166m	167m	167m	167m	175m	176m	176m	176m
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 6 November 2026: the filing.