Perrigo (PRGO) Q3 FY2026 earnings: revenue $989 million, down 5.2% on the year

Perrigo Co. plc (PRGO) reported revenue of $989 million for Q3 FY2026, the quarter ended 26 September 2026, down 5.2% on the same quarter a year earlier. Net income was -$28 million, and diluted earnings per share $-0.20. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$989 million

-5.2% on the year · -3.3% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

2.3%

7.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$28 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.20

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 5 raised, 8 lowered, 1 kept.

Core sales declined 1.7 percent: Core net sales were $908 million, down 1.7% year over year. Core organic net sales fell 1.1%, with pricing down 0.4% and volume/mix down 0.7%.
Core adjusted EPS fell 9 percent: Core adjusted EPS was $0.61, down $0.06 or 9.0%. A lower effective tax rate added $0.10. All In adjusted EPS was $0.60, down 25.0%.
Self Care profit fell 19 percent: Self Care net sales were $613 million, down 3.2%. Segment adjusted operating income fell 19.4% on production variances, mix and higher promotional spending.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	989	1,023	1,043	-3.3%	-5.2%
Cost of revenue	668	709	666	-5.8%	+0.2%
Gross profit	321	314	377	+2.2%	-14.9%
Gross margin	32.4%	30.7%	36.1%
Research and development	21.9	23.7	24.9	-7.6%	-12.0%
Operating income	23.1	23.5	72.6	-1.7%	-68.2%
Operating margin	2.3%	2.3%	7.0%
Pre-tax income	-18.1	105	22.4
Income tax	-3.8	16.9	9.7
Effective tax rate	n/a	16.0%	43.3%
Net income	-27.5	74.5	7.5
Net margin	-2.8%	7.3%	0.7%
Diluted EPS	-$0.20	$0.53	$0.05

$ 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	96.2	82.6	51.7	+16.5%	+86.1%
Capital expenditure	17.5	14.3	21.9	+22.4%	-20.1%
Free cash flow	78.7	68.3	29.8	+15.2%	+164.1%
Free cash flow margin	8.0%	6.7%	2.9%
Cash from investing	-13.6	349	-21.4
Cash from financing	-43.5	-389	-50.3
Depreciation and amortisation	81.8	95.9	85.4	-14.7%	-4.2%
Share-based compensation	10.1	6.8	13.2	+48.5%	-23.5%
Dividends paid	40.2	40.2	39.9	0.0%	+0.8%
Dividend per share	$0.29	$0.29	$0.29	0.0%	0.0%
Diluted shares, weighted	139m	140m	139m	-0.1%	+0.4%
Shares outstanding at period end	139m	139m	138m	+0.1%	+0.9%

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	2,440	2,516	4,446	-3.0%	-45.1%
Debt	3,294	3,295	3,645	-0.0%	-9.6%
Operating lease liabilities	133	138	153	-3.7%	-12.9%
Finance lease liabilities	10.2	10.5	11.1	-2.9%	-8.1%
Other liabilities	1,607	1,650	1,829	-2.6%	-12.1%
Total liabilities and equity	7,485	7,610	10,084	-1.6%	-25.8%
Fixed assets	825	849	903	-2.8%	-8.6%
Goodwill	1,693	1,694	3,360	-0.1%	-49.6%
Intangible assets	4,548	4,546	4,745	+0.1%	-4.1%
Cash and equivalents	437	400	432	+9.2%	+1.0%
Receivables	686	710	644	-3.4%	+6.4%
Inventory	1,014	1,064	1,227	-4.8%	-17.4%
Total assets	7,485	7,610	10,084	-1.6%	-25.8%

Questions

What was Perrigo's revenue in Q3 FY2026?

Perrigo (PRGO) reported revenue of $989 million for Q3 FY2026, the quarter ended 26 September 2026, down 5.2% on the same quarter a year earlier.

How much did Perrigo earn in Q3 FY2026?

Net loss for Q3 FY2026 was $28 million, and the diluted loss per share $0.20.

When did Perrigo report Q3 FY2026 results?

Perrigo filed its 10-Q for the quarter ended 26 September 2026 with the SEC on 4 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	1,105	1,074	1,122	1,100	1,155	1,182	1,193	1,124	1,157	1,082	1,066	1,088	1,138	1,044	1,056	1,043	1,110	969	1,023	989
Cost of revenue	742	737	750	737	773	768	765	713	730	724	671	683	752	652	693	666	747	644	709	668
Gross profit	362	338	372	363	383	414	428	411	427	358	395	404	386	392	363	377	362	326	314	321
Gross margin	33%	31%	33%	33%	33%	35%	36%	37%	37%	33%	37%	37%	34%	38%	34%	36%	33%	34%	31%	32%
R&D	30.3	29.3	31.5	29.8	32.5	31.1	32.2	29.6	29.6	29.0	29.4	26.0	27.8	26.7	22.0	24.9	21.8	24.6	23.7	21.9
Operating income	46.6	21.7	-6.9	33.1	31.0	48.5	56.8	62.1	-15.5	-55.2	-26.5	80.4	114	46.9	45.4	72.6	-1,287	-372	23.5	23.1
Operating margin	4%	2%	-1%	3%	3%	4%	5%	6%	-1%	-5%	-2%	7%	10%	4%	4%	7%	-116%	-38%	2%	2%
Pre-tax income	n/a	n/a	n/a	n/a	n/a	n/a	n/a	19.2	n/a	-98.6	-74.0	21.8	70.1	8.3	3.2	22.4	-1,332	-408	105	-18.1
Tax rate	n/a	n/a	n/a	n/a	n/a	n/a	n/a	20%	n/a	n/a	n/a	181%	159%	99%	116%	43%	n/a	n/a	16%	n/a
Net income	9.6	-2.4	-65.1	-49.4	-23.7	-3.0	8.4	14.2	-32.3	2.0	-108	-21.0	-44.4	-6.4	-8.4	7.5	-1,418	-399	74.5	-27.5
Net margin	1%	-0%	-6%	-4%	-2%	-0%	1%	1%	-3%	0%	-10%	-2%	-4%	-1%	-1%	1%	-128%	-41%	7%	-3%
Diluted EPS	$0.07	-$0.02	-$0.48	-$0.37	-$0.17	-$0.02	$0.06	$0.10	-$0.24	$0.01	-$0.79	-$0.15	-$0.32	-$0.05	-$0.06	$0.05	-$10.22	-$2.87	$0.53	-$0.20
Operating cash flow	-105	79.1	-16.9	59.2	186	19.4	52.9	124	209	-1.4	9.5	42.2	313	-64.5	75.9	51.7	175	-114	82.6	96.2
Capital expenditure	41.7	20.3	28.4	21.3	26.4	23.2	20.0	31.8	26.7	25.1	28.4	27.1	37.7	25.5	19.2	21.9	26.8	13.8	14.3	17.5
Free cash flow	-147	58.8	-45.3	37.9	160	-3.8	32.9	92.7	182	-26.5	-18.9	15.1	275	-90.0	56.7	29.8	149	-127	68.3	78.7
Dividends paid	31.8	34.2	35.4	37.4	35.4	36.2	37.0	38.9	37.6	37.6	37.7	37.6	39.6	40.6	38.9	39.9	39.9	39.9	40.2	40.2
Shares outstanding	134m	135m	135m	135m	135m	135m	135m	136m	136m	136m	136m	136m	136m	137m	138m	138m	138m	138m	139m	139m
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. 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 26 September 2026, filed 4 November 2026: the filing.