Valero Energy

VLO Energy Market cap $111B as of Oct 29, 2026 16:00 ET S&P 500

Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 28, 2026

Revenue$46.10B +43% year over year

Gross profit$9.41B 20% margin

Operating profit$9.07B 20% margin

Net profit$6.83B 15% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Sep 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	46.10	100%	+43%
Cost of revenue	−36.69	80%
Gross profit	9.41	20% margin	+15pp
G&A	−0.31	1%	+0pp
Other	−0.03	0%	+0pp
Operating profit	9.07	20% margin	+15pp
Interest & other costs	−0.18
Tax	−2.07
Net profit	6.83	15% margin	+11pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	44.48	100%	+49%
Refining	42.30	95%	+49%
Renewable diesel	1.18	3%	+108%
Ethanol	1.00	2%	+0%
Cost of revenue	−39.01	88%
Gross profit	5.47	12% margin	+8pp
G&A	−0.23	1%	+0pp
Other	−0.04	0%	+0pp
Operating profit	5.20	12% margin	+8pp
Interest & other costs	−0.38
Tax	−1.09
Net profit	3.72	8% margin	+6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	32.38	100%	+7%
Refining	30.81	95%	+7%
Ethanol	0.87	3%	−14%
Renewable diesel	0.71	2%	+44%
Cost of revenue	−30.33	94%
Gross profit	2.05	6% margin	+5pp
G&A	−0.29	1%	+0pp
Other	−0.04	0%	+0pp
Operating profit	1.73	5% margin	+8pp
Interest & other costs	−0.07
Tax	−0.40
Net profit	1.26	4% margin	+6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	30.37	100%	−1%
Refining	28.66	94%	−2%
Ethanol	0.98	3%	+9%
Renewable diesel	0.73	3%	+40%
Cost of revenue	−28.47	94%
Gross profit	1.90	6% margin	+4pp
G&A	−0.32	1%	+0pp
Other	−0.01	0%	+0pp
Operating profit	1.58	5% margin	+4pp
Interest & other costs	−0.09
Tax	−0.36
Net profit	1.13	4% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	32.17	100%	−2%
Refining	30.41	95%	−3%
Ethanol	1.04	3%	+13%
Renewable diesel	0.72	2%	+14%
Cost of revenue	−30.40	94%
Gross profit	1.77	6% margin	+3pp
G&A	−0.25	1%	+0pp
Other	−0.02	0%	+0pp
Operating profit	1.51	5% margin	+3pp
Tax	−0.41
Net profit	1.10	3% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	29.89	100%	−13%
Refining	28.32	95%	−14%
Ethanol	1.00	3%	+12%
Renewable diesel	0.57	2%	+2%
Cost of revenue	−28.64	96%
Gross profit	1.25	4% margin	+0pp
G&A	−0.22	1%	+0pp
Other	−0.03	0%	+0pp
Operating profit	1.00	3% margin	+0pp
Tax	−0.28
Net profit	0.71	2% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 28, 2026 Operating margin 20% Net profit $6.83B	Jul 1 – Sep 30, 2026	Oct 28, 2026	$46.1B	+43%	20%	$6.83B	15%
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 30, 2026 Operating margin 12% Net profit $3.72B	Apr 1 – Jun 30, 2026	Jul 30, 2026	$44.5B	+49%	12%	$3.72B	8%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 30, 2026 Operating margin 5% Net profit $1.26B	Jan 1 – Mar 31, 2026	Apr 30, 2026	$32.4B	+7%	5%	$1.26B	4%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 25, 2026 Operating margin 5% Net profit $1.13B	Oct 1 – Dec 31, 2025	Feb 25, 2026	$30.4B	−1%	5%	$1.13B	4%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 23, 2025 Operating margin 5% Net profit $1.10B	Jul 1 – Sep 30, 2025	Oct 23, 2025	$32.2B	−2%	5%	$1.10B	3%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 24, 2025 Operating margin 3% Net profit $0.71B	Apr 1 – Jun 30, 2025	Jul 24, 2025	$29.9B	−13%	3%	$0.71B	2%