Evolution Results Q3 2026: Revenue, Profit and Margins
In Q3 2026, Evolution’s revenue was €526.1 million, up 3.7% from Q3 2025. Operating profit was €290.3 million, an operating margin of 55.2% (Q3 2025: 58.5%). Net income for the period was €243.3 million and earnings per share €1.31.
Evolution income statement Q3 2026: where the revenue went
Of every €100 of revenue in Q3 2026, €55.2 was left as operating profit and €46.2 as net income.
Key figures for Q3 2026
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Revenue, €M | 526.1 | 507.1 | +3.7% |
| Operating profit, €M | 290.3 | 296.6 | −2.1% |
| Operating margin | 55.2% | 58.5% | −3.3 pp |
| Net income, €M | 243.3 | 252.3 | −3.6% |
| Net margin | 46.2% | 49.8% | −3.5 pp |
| Earnings per share | €1.31 | €1.25 | +4.8% |
Evolution in charts
Evolution from revenue to net income, Q3 2026
Net income was €243.3 million on revenue of €526.1 million, a net margin of 46.2%.
What drove Evolution’s operating profit
Operating profit fell from €296.6 million in Q3 2025 to €290.3 million in Q3 2026. The chart shows which lines of the income statement made up the change.
Evolution profitability: profit margins by quarter
In Q3 2026, Evolution’s operating margin was 55.2% (Q3 2025: 58.5%) and net margin 46.2% (Q3 2025: 49.8%). From Q1 2023 to Q3 2026, the operating margin ranged from 55.2% (Q3 2026) to 78.2% (Q4 2024).
Evolution revenue growth by quarter
Revenue was €526.1 million in Q3 2026, up 3.7% from Q3 2025. The highest quarter from Q1 2023 to Q3 2026 was Q4 2024, with €533.8 million.
Evolution operating profit by quarter
Operating profit was €290.3 million in Q3 2026 (Q3 2025: €296.6 million).
Evolution revenue and earnings, last twelve months
In the twelve months to the end of Q3 2026, revenue was €2,071.2 million (−0.7% on a year earlier) and net income €1,053.4 million.
Evolution earnings per share (EPS)
Earnings per share were €1.31 in Q3 2026 (Q3 2025: €1.25).
Quarterly results
| Quarter | Revenue | Change y/y | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|---|
| Q3 2026 | 526.1 | +3.7% | 290.3 | 55.2% | 243.3 | €1.31 |
| Q2 2026 | 517.8 | −1.2% | 297.8 | 57.5% | 251.4 | €1.27 |
| Q1 2026 | 513.0 | −1.5% | 292.6 | 57.0% | 251.9 | €1.26 |
| Q4 2025 | 514.2 | −3.7% | 350.9 | 68.2% | 306.8 | €1.54 |
| Q3 2025 | 507.1 | −2.4% | 296.6 | 58.5% | 252.3 | €1.25 |
| Q2 2025 | 524.3 | +3.1% | 306.4 | 58.4% | 248.3 | €1.22 |
| Q1 2025 | 520.9 | +3.9% | 303.4 | 58.2% | 254.7 | €1.24 |
| Q4 2024 | 533.8 | +12.3% | 417.6 | 78.2% | 377.1 | €1.83 |
Annual results
| Year | Revenue | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | 2,066.5 | 1,257.3 | 60.8% | 1,062.1 | €5.24 |
| 2024 | 2,063.1 | 1,419.6 | 68.8% | 1,244.0 | €5.94 |
| 2023 | 1,798.6 | 1,142.7 | 63.5% | 1,070.9 | €5.01 |
Dividends
| Financial year | Dividend per share | EPS | Payout ratio | Status | Source |
|---|---|---|---|---|---|
| 2024 | €2.80 | €5.94 | 47.1% | Board proposal | Release |
“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio); N/M means not meaningful (loss).
Guidance vs. actual
What Evolution told investors to expect in each report, and what it then reported for the year.
| Metric | Latest guidance (report) | Actual | Outcome |
|---|---|---|---|
| EBITDA margin, 2024 | 69%–71% (H1 '24) | — | Year in progress |
Guidance and actuals are as the company reported them, on the same basis (for example adjusted, or growth at constant currency). “Within guidance” means the actual is inside the latest range or meets the stated minimum or maximum; an “about” figure allows ±5% (±0.5 percentage points for percentages). For a direction such as “flat”, a change of less than 2% (0.5 points for margins) counts as flat. Guidance changed in a separate release between reports is shown from the next report onwards.
Calculate it yourself
- Operating margin calculatorEvolution in Q3 2026: 55.2%
- Net margin calculatorEvolution in Q3 2026: 46.2%
- Earnings per share calculatorEvolution in Q3 2026: €1.31
About Evolution
Evolution is a Swedish company that develops and runs live casino games, streamed from its studios to online casino operators, and random number generator (RNG) slot games.
- Evolution interim report Jan–Sep 2026, published Oct 23, 2026
- Evolution half-year report Jan–Jun 2026, published Jul 17, 2026
- Evolution interim report Jan–Mar 2026, published Apr 22, 2026
- Evolution financial statements release 2025, published Feb 5, 2026
- Evolution interim report Jan–Sep 2025, published Oct 23, 2025
- Evolution half-year report Jan–Jun 2025, published Jul 17, 2025
- Evolution interim report Jan–Mar 2025, published Apr 30, 2025
- Evolution financial statements release 2024, published Jan 30, 2025
- Evolution interim report Jan–Sep 2024, published Oct 24, 2024
- Evolution half-year report Jan–Jun 2024, published Jul 19, 2024
About these figures. All figures come from Evolution’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.