Packaging Corp. of America (PKG) Q3 FY2026 earnings: revenue $2.6 billion, up 12.5% on the year

Packaging Corp. of America (PKG) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 22 October 2026. Revenue was $2.6 billion, up 12.5% on the same quarter a year earlier. Net income was $262 million, up 15.6% on the year, and diluted earnings per share $2.93. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$2.6 billionup 12.5%

Net income$262 millionup 15.6%

Diluted EPS$2.93$2.51 a year earlier

QuarterQ3 FY2026ended 30 September 2026

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	2,602	2,490	2,313	+12.5%
Net income	262	192	227	+15.6%
Diluted EPS	$2.93	$2.15	$2.51	+16.7%

$ million except per share.

Q3 FY2026 is from the company's press release of 22 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	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
Revenue	2,000	2,043	2,136	2,237	2,126	1,978	1,976	1,952	1,936	1,938	1,980	2,075	2,182	2,146	2,141	2,171	2,313	2,364	2,368	2,490
Cost of revenue	1,489	1,533	1,603	1,648	1,608	1,528	1,545	1,507	1,523	1,528	1,609	1,638	1,677	1,676	1,686	1,688	1,809	1,916	1,915	1,977
Gross profit	511	510	533	589	518	450	431	445	413	410	370	438	505	470	455	483	504	448	453	512
Gross margin	26%	25%	25%	26%	24%	23%	22%	23%	21%	21%	19%	21%	23%	22%	21%	22%	22%	19%	19%	21%
SG&A	144	141	161	157	145	146	148	146	144	143	152	150	162	147	161	153	154	165	180	179
Operating income	353	356	356	416	360	288	271	284	259	261	196	276	327	302	280	334	324	168	251	291
Operating margin	18%	17%	17%	19%	17%	15%	14%	15%	13%	13%	10%	13%	15%	14%	13%	15%	14%	7%	11%	12%
Pre-tax income	334	280	340	401	347	276	253	268	244	248	188	267	319	292	267	321	305	135	220	259
Tax rate	25%	23%	25%	25%	24%	23%	25%	24%	25%	24%	22%	-25%	25%	71%	24%	25%	26%	24%	22%	26%
Net income	251	217	254	302	262	212	190	203	183	189	147	199	238	221	204	242	227	102	171	192
Net margin	13%	11%	12%	13%	12%	11%	10%	10%	9%	10%	7%	10%	11%	10%	10%	11%	10%	4%	7%	8%
Diluted EPS	$2.63	$2.28	$2.70	$3.20	$2.80	$2.31	$2.11	$2.24	$2.03	$2.10	$1.63	$2.21	$2.64	$2.45	$2.26	$2.67	$2.51	$1.13	$1.91	$2.15
Operating cash flow	284	391	325	319	431	420	280	360	340	335	260	278	327	325	339	300	472	447	329	376
Capital expenditure	150	239	213	184	180	247	112	126	89.8	141	76.7	245	147	201	148	170	192	319	165	206
Free cash flow	134	152	112	135	251	173	168	234	250	194	184	33.3	180	124	191	130	280	128	165	170
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	n/a	n/a	58.8	0.0
Dividends paid	95.0	95.0	93.6	93.6	117	116	112	112	112	112	112	112	112	112	112	112	112	112	112	111
Shares outstanding	95m	94m	94m	94m	93m	90m	90m	90m	90m	90m	90m	90m	90m	90m	90m	90m	90m	89m	89m	89m
Filing	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	10-K	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. 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.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 22 October 2026 with a Form 8-K: the release.