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Verra Mobility (VRRM) Q3 FY2026 earnings: revenue $259 million, down 1.2% on the year

Verra Mobility Corp. (VRRM) reported revenue of $259 million for Q3 FY2026, the quarter ended 30 September 2026, down 1.2% on the same quarter a year earlier. Net income was $40 million, down 13.8% on the year, and diluted earnings per share $0.27. The figures are the company's own, from the 10-Q it filed with the SEC on 30 October 2026.

Revenue$259 milliondown 1.2%
Net income$40 milliondown 13.8%
Diluted EPS$0.27
QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 1 raised, 2 lowered, 1 new, 8 kept.

  • Revenue down 1% to $258.9M: Total revenue was $258.9 million, down 1% from $261.9 million in the prior year period. Service revenue fell 1%, with Commercial Services down 14% partly offset by Government Solutions up 13%.
  • Commercial Services revenue down 14%: Commercial Services revenue was $100.3 million, down 14%. Segment profit fell 22% to $61.3 million from $78.3 million.
  • Avis contract termination effective January 2027: Avis Budget Group sharply cut fleet volumes in the quarter. Verra Mobility exercised its right to terminate the agreement, effective January 30, 2027.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Revenue259264262-1.2%
Selling, general and administrative43.444.047.8-9.0%
Operating income65.6-32.874.8-12.4%
Operating margin25.3%-12.4%28.6%
Interest expense15.015.516.4-8.5%
Pre-tax income55.3-42.264.7-14.5%
Income tax14.96.017.8-16.5%
Effective tax rate26.9%n/a27.6%
Net income40.4-48.246.8-13.8%
Net margin15.6%-18.3%17.9%
Diluted EPS$0.27-$0.32$0.29-6.9%
$ 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 flow11556.477.7+47.4%
Capital expenditure25.123.828.8-12.6%
Free cash flow89.432.649.0+82.6%
Free cash flow margin34.5%12.4%18.7%
Cash from investing-24.8-23.8-28.6n/a
Cash from financing-2.7-29.4-2.4n/a
Depreciation and amortisation26.228.528.5-8.1%
Share-based compensation0.70.25.0-85.5%
Buybacks0.01.30.0n/a
Diluted shares, weighted152m152m162m-6.0%
Shares outstanding at period end152m152m160m-4.7%

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' equity265224403-34.3%
Debt1,0331,0351,030+0.3%
Operating lease liabilities45.846.730.0+52.8%
Other liabilities329311315+4.4%
Total liabilities and equity1,6721,6161,778-6.0%
Fixed assets267249196+36.3%
Goodwill677677741-8.7%
Intangible assets87.298.7185-52.9%
Investments4.45.2n/an/a
Cash and equivalents13749.6196-30.2%
Receivables192259229-16.0%
Inventory21.424.321.7-1.3%
Other assets287253209+36.9%
Total assets1,6721,6161,778-6.0%

Questions

What was Verra Mobility's revenue in Q3 FY2026?

Verra Mobility (VRRM) reported revenue of $259 million for Q3 FY2026, the quarter ended 30 September 2026, down 1.2% on the same quarter a year earlier.

How much did Verra Mobility earn in Q3 FY2026?

Net income for Q3 FY2026 was $40 million, down 13.8% on the year, and diluted earnings per share $0.27.

When did Verra Mobility report Q3 FY2026 results?

Verra Mobility filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 30 October 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue170170187198186192204210211210222226222223236262258224264259
SG&A37.241.640.241.140.240.043.242.373.148.246.347.952.651.548.547.867.540.944.043.4
Operating income36.732.045.245.542.050.156.259.223.354.461.263.9-43.457.463.274.843.051.8-32.865.6
Operating margin22%19%24%23%23%26%27%28%11%26%28%28%-20%26%27%29%17%23%-12%25%
Interest expense12.514.314.520.320.322.722.820.420.919.618.818.716.716.616.616.415.015.415.515.0
Pre-tax income28.016.942.333.035.012.431.641.81.139.047.648.5-55.944.852.664.732.940.5-42.255.3
Tax rate32%40%30%25%19%63%40%28%-165%25%28%28%n/a28%27%28%43%34%n/a27%
Net income19.110.029.624.628.24.619.130.33.029.134.234.7-66.732.338.646.818.926.7-48.240.4
Net margin11%6%16%12%15%2%9%14%1%14%15%15%-30%14%16%18%7%12%-18%16%
Diluted EPS$0.14$0.06$0.15$0.15$0.13$0.03$0.13$0.18$0.02$0.17$0.20$0.21-$0.41$0.20$0.24$0.29$0.12$0.17-$0.32$0.27
Operating cash flow63.931.265.152.469.645.262.762.435.734.340.010940.563.075.177.740.040.856.4115
Capital expenditure9.411.511.213.212.318.411.710.416.514.314.123.718.821.234.928.834.231.223.825.1
Free cash flow54.519.853.939.257.326.851.052.019.220.126.085.121.641.740.349.05.79.632.689.4
Buybacksn/an/an/a69.8n/an/an/a100n/an/an/a0.0n/a0.00.00.013350.21.30.0
Shares outstanding156m156m153m150m149m150m170m166m167m167m165m165m160m159m160m160m154m152m152m152m
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. 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 30 October 2026: the filing.