Polaris Inc. (PII) Financials
Key financial figures for Polaris Inc. (Q3 2026).
Polaris raised 2026 adjusted EPS guidance to $3.50-$3.60 from $3.00-$3.10 after Q3 sales rose 11% to $2.04 billion and adjusted EPS reached $1.08. Third quarter sales were $2,042.6 million, up 11% from $1,841.6 million a year earlier, on higher shipment volumes and positive net price, partly offset by the Indian Motorcycle divestiture. Reported diluted EPS was $0.66 against a $0.28 loss in Q3 2025; adjusted diluted EPS was $1.08 against $0.41. The quarter includes $10 million of tariff refunds, which the company says benefited adjusted EPS by $0.13. Gross profit margin rose 52 basis points to 21.2%; operating expenses were $375.5 million (18.4% of sales) versus $379.6 million. On the outlook: 2026 adjusted sales of $7.55 billion to $7.60 billion (prior guidance $7.30 billion to $7.50 billion); adjusted EPS of $3.50 to $3.60 (prior guidance $3.00 to $3.10), of which approximately $1.09 is attributed to the benefit of tariff refunds recorded in the second and third quarters of 2026. Figures are for Q3 2026, as Polaris Inc. reported them.
- Revenue
- $2.0B
- Net Income
- $38M
- EPS
- $0.67
- Total Assets
- $5.1B
- Operating Cash Flow
- $382M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $2.0B | $38M | $0.66 | 3.59% | $315M |
| Q2 FY2026 | $2.0B | $106M | $1.82 | 6.53% | $186M |
| Q1 FY2026 | $1.7B | -$47M | -$0.83 | -3.33% | -$350M |
| Q4 FY2025 | $1.9B | -$304M | -$5.34 | -2.46% | $114M |
| Q3 FY2025 | $1.8B | -$16M | -$0.28 | 2.48% | $117M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $7.2B | -$466M | -$8.18 | -0.4% | $558M |
| FY2024 | $7.2B | $111M | $1.95 | 3.07% | $7M |
| FY2023 | $8.9B | $503M | $8.71 | 7.04% | $513M |
Frequently asked questions
What was Polaris Inc.'s revenue last quarter?
Polaris Inc. reported revenue of $2.04 billion for Q3 FY2026, up 10.9% from the same period a year earlier.
Is Polaris Inc. profitable?
Yes. Polaris Inc. reported net income of $38.4 million for Q3 FY2026, a net margin of 1.88% on revenue.
How has Polaris Inc.'s margin trended?
Operating margin was 3.59% in Q3 FY2026, compared with 2.48% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Polaris Inc. generate?
Polaris Inc. generated free cash flow of $315.3 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Polaris Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.