WABWabtec
The financials
Wabtec by the numbers
Wabtec (WAB) reported revenue of $3.12B in Q3 2026 (quarter ended Sep 30, 2026), up 8.1% from the same quarter a year earlier. That came with a gross margin of 37% and net income of $409M (13% of revenue). For the full year FY2025, revenue was $11.2B (+7.5% year on year) and net income $1.17B. Its largest product in Q2 2026 (quarter ended Jun 30, 2026) was Equipment at $737M, 25% of the disclosed total, ahead of Aftermarket at 18%. The next results filing is expected around Feb 10, 2027, the same week as a year ago.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $3.12B | $2.89B | +8.1% |
| Gross profit | $1.16B | $1.00B | +16% |
| Operating income | $625M | $491M | +27% |
| Net income | $409M | $310M | +32% |
| Diluted EPS | $2.42 | $1.81 | +34% |
| Product | Revenue | Share |
|---|---|---|
| Equipment | $737M | 25% |
| Aftermarket | $525M | 18% |
| Service | $509M | 17% |
| OEM | $411M | 14% |
| Components | $398M | 14% |
| Digital Intelligence | $360M | 12% |
Over its last three fiscal years Wabtec booked income tax of 24.9% of its pretax profit, above the 21.3% median for US companies in our tax study.
Business segments
Revenue split by product segment, from SEC XBRL filings.
- Equipment$737.0M$737.0Mvs last quarter +1.5%vs a year ago +35%+1.5%+35%
- Aftermarket$525.0M$525.0Mvs last quarter +16%vs a year ago +21%+16%+21%
- Service$509.0M$509.0Mvs last quarter +21%vs a year ago +6.0%+21%+6.0%
- OEM$411.0M$411.0Mvs last quarter +7.9%vs a year ago +16%+7.9%+16%
- Components$398.0M$398.0Mvs last quarter +11%vs a year ago -0.75%+11%-0.75%
- Digital Intelligence$360.0M$360.0Mvs last quarter +13%vs a year ago +88%+13%+88%
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