Papa John's International (PZZA) Q3 FY2026 earnings: revenue $455 million, down 10.5% on the year
Papa John's International, Inc. (PZZA) reported revenue of $455 million for Q3 FY2026, the quarter ended 27 September 2026, down 10.5% on the same quarter a year earlier. Net income was $3 million, down 33.4% on the year, and diluted earnings per share $0.09. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$455 million
-10.5% on the year · -5.7% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
3.1%
3.2% a year earlier
Q4 FY2024Q3 FY2026
Net income
$3 million
-33.4% on the year · -63.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.09
-30.8% on the year · -62.5% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 lowered, 1 narrowed, 7 kept.
Global system-wide sales fell 5.6%: Global system-wide restaurant sales were $1.15 billion, down 5.6% excluding foreign currency, mainly from lower North America comparable sales and a lower restaurant count on a trailing twelve-month basis.
Adjusted EBITDA down $9.7 million: Adjusted EBITDA was $38.1 million against $47.8 million, a $9.7 million decrease. The company attributed the decrease mainly to lower North America sales and volumes, partly offset by lower cost of sales.
North America comparable sales fell 8.3%: North America comparable sales decreased 8.3%, with Domestic Company-owned down 7.5% and North America franchised down 8.5%. Nine-month North America comparable sales were down 7.7%.
$ 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
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
22.7
28.6
39.3
-20.7%
-42.4%
Capital expenditure
13.0
12.9
16.7
+0.4%
-22.4%
Free cash flow
9.7
15.7
22.7
-38.0%
-57.0%
Free cash flow margin
2.1%
3.3%
4.5%
Cash from investing
-0.9
-12.8
-18.2
Cash from financing
-23.5
-26.3
-15.5
Depreciation and amortisation
19.2
19.2
24.9
-0.1%
-22.8%
Share-based compensation
3.8
3.1
4.6
+24.2%
-18.2%
Dividends paid
0.0
15.5
15.3
Dividend per share
$0.00
$0.46
$0.46
Diluted shares, weighted
33m
33m
33m
0.0%
+0.3%
Shares outstanding at period end
33m
33m
33m
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
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-446
-453
-439
Non-controlling interest
7.1
10.8
14.9
-34.5%
-52.7%
Redeemable equity
0.9
1.1
0.9
-11.1%
+1.9%
Debt
711
727
730
-2.2%
-2.5%
Operating lease liabilities
144
147
157
-2.4%
-8.3%
Finance lease liabilities
25.2
27.7
28.3
-8.9%
-10.8%
Other liabilities
330
344
393
-4.0%
-16.0%
Total liabilities and equity
773
805
884
-4.0%
-12.6%
Fixed assets
238
242
262
-1.4%
-9.1%
Goodwill
65.1
64.8
67.5
+0.4%
-3.6%
Cash and equivalents
26.8
28.5
39.0
-6.1%
-31.3%
Receivables
93.5
94.5
104
-1.1%
-10.4%
Inventory
32.0
32.5
35.8
-1.8%
-10.6%
Other assets
317
343
375
-7.5%
-15.5%
Total assets
773
805
884
-4.0%
-12.6%
Questions
What was Papa John's International's revenue in Q3 FY2026?
Papa John's International (PZZA) reported revenue of $455 million for Q3 FY2026, the quarter ended 27 September 2026, down 10.5% on the same quarter a year earlier.
How much did Papa John's International earn in Q3 FY2026?
Net income for Q3 FY2026 was $3 million, down 33.4% on the year, and diluted earnings per share $0.09.
When did Papa John's International report Q3 FY2026 results?
Papa John's International filed its 10-Q for the quarter ended 27 September 2026 with the SEC on 5 November 2026.
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 27 September 2026, filed 5 November 2026: the filing.