Vestis (VSTS) Q3 FY2026 earnings: revenue $662 million, down 1.8% on the year

Vestis Corp. (VSTS) reported revenue of $662 million for Q3 FY2026, the quarter ended 3 July 2026, down 1.8% on the same quarter a year earlier. Net income was $11 million, and diluted earnings per share $0.08. The figures are the company's own, from the 10-Q it filed with the SEC on 11 August 2026.

Revenue$662 milliondown 1.8%

Net income$11 million

Diluted EPS$0.08

QuarterQ3 FY2026ended 3 July 2026

What management said

Guidance figures: 2 raised, 2 kept.

Adjusted EBITDA grew with margin expansion: Adjusted EBITDA reached $80.9 million with 12.2% margin, up from $64.0 million (9.5% margin) in prior-year quarter, representing 26% year-over-year growth driven by cost management and pricing execution.
Operating leverage returned to highest level: Second consecutive quarter of improved Adjusted EBITDA, with operating leverage returning to highest level since Q3 2024, supported by favorable product mix and stronger pricing discipline.
Revenue Per Pound increased, first time as public company: For first time as public company, Revenue Per Pound increased 3% in Q3 while Cost Per Pound remained flat year-over-year, demonstrating improved pricing execution and product mix management.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	662	659	674	-1.8%
Cost of revenue	476	486	492	-3.1%
Gross profit	185	174	182	+1.8%
Gross margin	28.0%	26.3%	27.0%
Selling, general and administrative	115	112	122	-6.1%
Operating income	37.2	26.8	25.0	+49.2%
Operating margin	5.6%	4.1%	3.7%
Pre-tax income	14.3	2.5	-0.7	n/a
Income tax	3.3	-0.1	-0.1	n/a
Effective tax rate	23.0%	-3.4%	n/a
Net income	11.0	2.6	-0.7	n/a
Net margin	1.7%	0.4%	-0.1%
Diluted EPS	$0.08	$0.02	-$0.01	n/a

$ 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 and capital returned

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Operating cash flow	64.9	58.3	22.9	+184.0%
Capital expenditure	18.0	12.7	14.9	+20.8%
Free cash flow	47.0	45.6	8.0	+487.0%
Free cash flow margin	7.1%	6.9%	1.2%
Cash from investing	-18.2	-6.1	-14.7	n/a
Cash from financing	-39.7	-43.5	-12.7	n/a
Depreciation and amortisation	33.3	34.6	34.9	-4.5%
Share-based compensation	3.3	3.4	-2.1	n/a
Dividends paid	0.0	0.0	0.0	n/a
Diluted shares, weighted	134m	133m	132m	+1.9%
Shares outstanding at period end	132m	132m	132m	+0.2%

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

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Shareholders' equity	878	867	882	-0.5%
Debt	1,086	1,115	1,156	-6.1%
Operating lease liabilities	72.2	76.6	78.2	-7.7%
Finance lease liabilities	124	135	119	+4.4%
Other liabilities	670	679	672	-0.3%
Total liabilities and equity	2,830	2,873	2,908	-2.7%
Goodwill	961	962	963	-0.3%
Intangible assets	168	175	196	-14.2%
Cash and equivalents	57.7	50.3	23.7	+142.8%
Receivables	143	150	176	-18.7%
Inventory	159	175	187	-15.0%
Other assets	1,342	1,361	1,362	-1.5%
Total assets	2,830	2,873	2,908	-2.7%

Questions

What was Vestis' revenue in Q3 FY2026?

Vestis (VSTS) reported revenue of $662 million for Q3 FY2026, the quarter ended 3 July 2026, down 1.8% on the same quarter a year earlier.

How much did Vestis earn in Q3 FY2026?

Net income for Q3 FY2026 was $11 million, and diluted earnings per share $0.08.

When did Vestis report Q3 FY2026 results?

Vestis filed its 10-Q for the quarter ended 3 July 2026 with the SEC on 11 August 2026.

Quarterly results, the last 12 quarters

	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	716	718	705	698	684	684	665	674	712	663	659	662
Cost of revenue	490	502	504	496	487	495	490	492	533	492	486	476
Gross profit	226	216	201	202	197	189	175	182	179	171	174	185
Gross margin	32%	30%	28%	29%	29%	28%	26%	27%	25%	26%	26%	28%
SG&A	133	133	123	130	132	121	148	122	126	120	112	115
Operating income	57.8	47.6	43.1	37.5	29.8	30.4	-8.6	25.0	17.6	16.6	26.8	37.2
Operating margin	8%	7%	6%	5%	4%	4%	-1%	4%	2%	2%	4%	6%
Pre-tax income	109	16.8	8.3	8.1	-1.3	1.5	-34.2	-0.7	-10.9	-8.6	2.5	14.3
Tax rate	14%	27%	28%	38%	n/a	46%	n/a	n/a	n/a	n/a	-3%	23%
Net income	94.0	12.3	6.0	5.0	-2.3	0.8	-27.8	-0.7	-12.5	-6.4	2.6	11.0
Net margin	13%	2%	1%	1%	-0%	0%	-4%	-0%	-2%	-1%	0%	2%
Diluted EPS	$0.72	$0.09	$0.05	$0.04	-$0.02	$0.01	-$0.21	-$0.01	-$0.10	-$0.05	$0.02	$0.08
Operating cash flow	113	51.5	76.0	48.7	296	3.8	6.7	22.9	30.9	37.7	58.3	64.9
Capital expenditure	25.2	16.9	12.9	21.0	28.1	14.7	13.5	14.9	15.4	9.4	12.7	18.0
Free cash flow	87.8	34.6	63.2	27.7	267	-11.0	-6.9	8.0	15.6	28.3	45.6	47.0
Dividends paid	n/a	0.0	4.6	4.6	4.6	4.6	9.2	0.0	0.0	0.0	0.0	0.0
Shares outstanding	132m	131m	131m	131m	131m	132m	132m	132m	132m	132m	132m	132m
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

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 diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. 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.

Source

10-Q for the period ended 3 July 2026, filed 11 August 2026, accession 0001628280-26-055486: the filing on EDGAR. All of Vestis Corp.'s filings: EDGAR company page.

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