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How PTC Inc. (PTC) makes money: Q3 FY2026 revenue breakdown
The quarter in brief
Revenue fell 6.8% y/y to $600M, operating margin 27.7% vs 32.6%, net income $119M (−16.0% y/y).
Key growth driver: Professional services — the fastest-growing revenue line: $23.3, +3% y/y. · by the Q3 FY2026 report
Net income
$119M
down 16.0% y/y
Total revenue
$600M
down 6.8% y/y
Operating income
$167M
down 20.6% y/y
Next report
not announced yet
How does PTC make money?
PTC brought in $600 million of revenue in Q3 FY2026, down 6.8% year over year. The largest source was Support and cloud services: $371 million, or 62% of the total, followed by License ($206M, 34%) and Professional services ($23.3M, 4%). Net income for the quarter was $119 million, down 16.0% year over year.
Revenue by source, Q3 FY2026
- Support and cloud services$371M · 62% · +0.3%
- License$206M · 34% · −18.2%
- Professional services$23.3M · 4% · +3.3%
Shares of $600M total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Support and cloud services | $371 · +0.3% |
| License | $206 · −18.2% |
| Professional services | $23.3 · +3.3% |
| Total revenue | $600 · −6.8% |
| Total cost of revenue | $110 · −0.4% |
| Gross margin | $490 · −8.1% · 81.7% margin |
| Sales and marketing | $136 · −3.9% |
| Research and development | $116 · −0.8% |
| General and administrative | $60 · +10.8% |
| Amortization of acquired intangible assets | $12 · +3.9% |
| Operating income | $167 · −20.6% · 27.7% margin |
| Other income, net | $1.7 · −24.3% |
| Interest expense | $15.8 · −14.3% |
| Income before income taxes | $152 · −21.3% |
| Provision for income taxes | $33.7 · −35.7% · 22.1% effective rate |
| Net income | $119 · −16.0% · $1.03/sh · 19.8% margin |
Verdict: revenue fell 6.8% y/y to $600M, operating margin 27.7% vs 32.6%, net income $119M (−16.0% y/y).
Diluted EPS $1.03 vs $1.17 a year earlier; non-GAAP EPS $1.58; ARR excluding divested businesses $2,412 million, up 7% (9.1% in constant currency); about $525 million of shares repurchased in the quarter.
Source and notation
Source: PTC earnings release, 8-K EX-99 of 07/29/2026, and Form 10-Q filed 07/31/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release or 10-Q text and checked the accounting identities and the chart balance; revenue and net income match SEC XBRL.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Revenue fell 7% to $600.0M because license revenue dropped to $205.8M from $251.5M; support and cloud services were flat at $370.9M.
- Operating cash flow rose 7% to $261 million and free cash flow to $249 million.
- Gross margin was 81.7% vs 82.9% a year earlier.
- Operating income was $167M, a 27.7% margin vs 32.6% a year earlier.
- The effective tax rate was 22.1% vs 27.0% a year earlier.
- Diluted EPS was $1.03 vs $1.17 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- Neil BaruaPresident and Chief Executive Officer [1]
- Jennifer DiRicoExecutive Vice President and Chief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-07-31 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-07-31 · SEC EDGAR · 10/20/2026
PTC Inc. is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. · Text: Wikipedia, CC BY-SA 4.0, abridged
The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.
Heads-up
- net income fell 16% y/y in Q3 FY2026
- revenue fell 7% y/y in Q3 FY2026
Most likely because revenue fell 7% to $600.0M because license revenue dropped to $205.8M from $251.5M; gross margin was 81.7% vs 82.9% a year earlier; the effective tax rate was 22.1% vs 27.0% a year earlier. Based on the Q3 FY2026 report.
The company's report ↗Most likely because the drop came from License −18% y/y; revenue fell 7% to $600.0M because license revenue dropped to $205.8M from $251.5M; support and cloud services were flat at $370.9M. Based on the Q3 FY2026 report.
The company's report ↗Company guidance
Same quarter a year ago (ended September 30, 2025): revenue $894M, EPS (GAAP) $2.88
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
PTC earnings history: past report dates
| Jul 29, 2026 Wed | 4:01 pmafter market close | Jun 30, 2026 | $600M−7% y/y | $1.03−12% y/y |
| May 6, 2026 Wed | 4:02 pmafter market close | Mar 31, 2026 | $774M+22% y/y | $4.98+269% y/y |
| Feb 4, 2026 Wed | 4:12 pmafter market close | Dec 31, 2025 | $686M+21% y/y | $1.39+104% y/y |
| Nov 5, 2025 Wed | 4:03 pmafter market close | Sep 30, 2025 | ≈$894M+43% y/y | ≈$2.88+174% y/y |
| Jul 30, 2025 Wed | 4:01 pmafter market close | Jun 30, 2025 | $644M+24% y/y | $1.17+105% y/y |
| Feb 5, 2025 Wed | 4:01 pmafter market close | Dec 31, 2024 | $565M+3% y/y | $0.68+24% y/y |
| Nov 6, 2024 Wed | 4:00 pmafter market close | Sep 30, 2024 | ≈$627M+15% y/y | ≈$1.05+169% y/y |
| Jul 31, 2024 Wed | 4:02 pmafter market close | Jun 30, 2024 | $519M−4% y/y | $0.57+12% y/y |
| May 1, 2024 Wed | 4:06 pmafter market close | Mar 31, 2024 | $603M+11% y/y | $0.95+79% y/y |
| Jan 31, 2024 Wed | 4:01 pmafter market close | Dec 31, 2023 | $550M+18% y/y | $0.55−13% y/y |
| Nov 1, 2023 Wed | 4:02 pmafter market close | Sep 30, 2023 | ≈$547M+8% y/y | ≈$0.39−57% y/y |
| Jul 26, 2023 Wed | 4:07 pmafter market close | Jun 30, 2023 | $542M+17% y/y | $0.51−15% y/y |
| Apr 26, 2023 Wed | 4:02 pmafter market close | Mar 31, 2023 | $542M+7% y/y | $0.53−30% y/y |
| Feb 1, 2023 Wed | 4:03 pmafter market close | Dec 31, 2022 | $466M+2% y/y | $0.63+62% y/y |
| Nov 2, 2022 Wed | 3:00 pmduring market hours | Sep 30, 2022 | ≈$508M+6% y/y | ≈$0.90−64% y/y |
| Jul 27, 2022 Wed | 4:05 pmafter market close | Jun 30, 2022 | $462M+6% y/y | $0.60+40% y/y |
| Apr 27, 2022 Wed | 4:07 pmafter market close | Mar 31, 2022 | $505M+9% y/y | $0.76−17% y/y |
| Jan 26, 2022 Wed | 4:08 pmafter market close | Dec 31, 2021 | $458M+7% y/y | $0.39+95% y/y |
| Nov 3, 2021 Wed | 4:02 pmafter market close | Sep 30, 2021 | ≈$481M+23% y/y | ≈$2.47+449% y/y |
| Jul 28, 2021 Wed | 4:01 pmafter market close | Jun 30, 2021 | $436M+24% y/y | $0.43+43% y/y |
| Apr 28, 2021 Wed | 4:01 pmafter market close | Mar 31, 2021 | $462M+28% y/y | $0.92 |
| Jan 27, 2021 Wed | 4:01 pmafter market close | Dec 31, 2020 | $429M+20% y/y | $0.20−35% y/y |
| Oct 28, 2020 Wed | 4:15 pmafter market close | Sep 30, 2020 | ≈$391M+17% y/y | ≈$0.45+400% y/y |
| Jul 8, 2020 Wed | 4:36 pmafter market close | Jun 27, 2020 | $352M+19% y/y | $0.30 |
| Apr 29, 2020 Wed | 4:01 pmafter market close | Mar 28, 2020 | $360M+24% y/y | $0.06 |
| Jan 22, 2020 Wed | 4:02 pmafter market close | Dec 28, 2019 | $356M+6% y/y | $0.31+72% y/y |
| Oct 23, 2019 Wed | 4:03 pmafter market close | Sep 30, 2019 | ≈$335M+7% y/y | ≈$0.09−18% y/y |
| Sep 4, 2019 Wed | 4:03 pmafter market close | Jun 29, 2019 | $295M−6% y/y | −$0.13 |
| Apr 24, 2019 Wed | 4:04 pmafter market close | Mar 30, 2019 | $290M−6% y/y | −$0.37 |
| Jan 23, 2019 Wed | 4:02 pmafter market close | Dec 29, 2018 | $335M+9% y/y | $0.18+50% y/y |
| Oct 24, 2018 Wed | 4:05 pmafter market close | Sep 30, 2018 | ≈$313M+2% y/y | ≈$0.11−27% y/y |
| Jul 18, 2018 Wed | 4:02 pmafter market close | Jun 30, 2018 | $315M+8% y/y | $0.14 |
| Apr 18, 2018 Wed | 4:03 pmafter market close | Mar 31, 2018 | $308M+10% y/y | $0.07 |
| Jan 17, 2018 Wed | 4:04 pmafter market close | Dec 30, 2017 | $307M+7% y/y | $0.12 |
| Oct 25, 2017 Wed | 4:04 pmafter market close | Sep 30, 2017 | ≈$306M+6% y/y | ≈$0.15 |
| Jul 19, 2017 Wed | 4:05 pmafter market close | Jul 1, 2017 | $291M+1% y/y | −$0.01 |
| Apr 19, 2017 Wed | 4:04 pmafter market close | Apr 1, 2017 | $280M+3% y/y | −$0.01+80% y/y |
| Jan 18, 2017 Wed | 4:05 pmafter market close | Dec 31, 2016 | $286M−2% y/y | −$0.08+62% y/y |
| Oct 26, 2016 Wed | 4:03 pmafter market close | Sep 30, 2016 | ≈$288M−8% y/y | ≈−$0.25−400% y/y |
| Jul 20, 2016 Wed | 4:10 pmafter market close | Jul 2, 2016 | $289M−5% y/y | $0.03−80% y/y |
| Apr 20, 2016 Wed | 4:04 pmafter market close | Apr 2, 2016 | $273M−13% y/y | −$0.05 |
| Jan 20, 2016 Wed | 4:29 pmafter market close | Jan 2, 2016 | $291M−11% y/y | −$0.21 |
| Oct 28, 2015 Wed | 4:04 pmafter market close | Sep 30, 2015 | ≈$313M−15% y/y | ≈−$0.05 |
| Jul 9, 2015 Thu | 5:47 pmafter market close | Jul 4, 2015 | $303M−10% y/y | $0.15−53% y/y |
| Apr 29, 2015 Wed | 4:03 pmafter market close | Apr 4, 2015 | $314M−4% y/y | $0.05−86% y/y |
| Jan 28, 2015 Wed | 6:11 pmafter market close | Jan 3, 2015 | $325M+0% y/y | $0.26−21% y/y |
| Nov 5, 2014 Wed | 5:25 pmafter market close | Sep 30, 2014 | ≈$367M+6% y/y | ≈$0.33−30% y/y |
| Jul 23, 2014 Wed | 6:02 pmafter market close | Jun 28, 2014 | $337M+7% y/y | $0.32+10% y/y |
| Apr 23, 2014 Wed | 5:26 pmafter market close | Mar 29, 2014 | $329M+5% y/y | $0.36+157% y/y |
| Jan 22, 2014 Wed | 5:29 pmafter market close | Dec 28, 2013 | $325M+2% y/y | $0.33+14% y/y |
| Nov 6, 2013 Wed | 5:07 pmafter market close | Sep 30, 2013 | ≈$345M+6% y/y | ≈$0.47 |
| Jul 24, 2013 Wed | 5:11 pmafter market close | Jun 29, 2013 | $315M+1% y/y | $0.29+53% y/y |
| Apr 24, 2013 Wed | 5:04 pmafter market close | Mar 30, 2013 | $314M+4% y/y | $0.14+367% y/y |
| Jan 23, 2013 Wed | 5:11 pmafter market close | Dec 29, 2012 | $320M+0% y/y | $0.29+61% y/y |
| Oct 31, 2012 Wed | 5:24 pmafter market close | Sep 30, 2012 | ≈$325M−4% y/y | ≈−$0.70 |
| Jul 25, 2012 Wed | 5:18 pmafter market close | Jun 30, 2012 | $311M+7% y/y | $0.19+46% y/y |
| Apr 5, 2012 Thu | 6:04 ambefore market open | Mar 31, 2012 | $301M+12% y/y | $0.03−81% y/y |
Show all 57 reports since 2012Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
PTC Inc.: 15-year financials
| FY2025 | 2,739 | 982 | 734 | 857 |
| FY2024 | 2,299 | 588 | 376 | 736 |
| FY2023 | 2,097 | 459 | 246 | 587 |
| FY2022 | 1,933 | 447 | 313 | 416 |
| FY2021 | 1,807 | 381 | 477 | 344 |
| FY2020 | 1,458 | 211 | 131 | 214 |
| FY2019 | 1,256 | 63 | −27.5 | 221 |
| FY2018 | 1,242 | 72.6 | 52 | 212 |
| FY2017 | 1,164 | 41.8 | 6.2 | 110 |
| FY2016 | 1,141 | −37 | −54.5 | 157 |
| FY2015 | 1,255 | 41.6 | 47.6 | 149 |
| FY2014 | 1,357 | 197 | 160 | 279 |
| FY2013 | 1,294 | 127 | 144 | 195 |
| FY2012 | 1,256 | 128 | −35.4 | 187 |
| FY2011 | 1,167 | 117 | 85.4 | 50.9 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The company’s fiscal year doesn’t match the calendar year, so years follow the company’s own labels. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $3.5B (53% of total assets). Compare with other S&P 500 companies →
Included in screener lists: Piotroski F-score: S&P 500 companies scoring 8 or 9
PTC Inc. (PTC) earnings: FAQ
How does PTC make money?
PTC brought in $600 million of revenue in Q3 FY2026, down 6.8% year over year. The largest source was Support and cloud services: $371 million, or 62% of the total, followed by License ($206M, 34%) and Professional services ($23.3M, 4%). Net income for the quarter was $119 million, down 16.0% year over year.
When is PTC's next earnings date?
We have not yet seen an announcement of the date from PTC Inc. (PTC). Based on last year's report on Nov 5, 2025, the next report is expected around Nov 4, 2026.
What time does PTC report earnings?
PTC Inc. usually reports after market close: its latest results release was filed with the SEC at 4:01 pm ET on Jul 29, 2026.
When did PTC last report earnings?
PTC Inc. reported Q3 FY2026 results on Jul 29, 2026.
Where can I find PTC Inc.'s financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to PTC's filings; this page breaks the latest report down in a Sankey chart.
What was PTC's net income in Q3 FY2026?
PTC Inc. reported net income of $119M for Q3 FY2026 (−16.0% year over year), under US GAAP.
How has PTC Inc.'s revenue changed since 2011?
Per its 10-K filings, revenue grew 2.3x: $1,167M in fiscal 2011 and $2,739M in fiscal 2025. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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