Tesla Q3 FY26: where the revenue came from and where it went
The whole income statement of Tesla for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2026
Revenue$28.0B
+0% year over year
Gross profit$5.5B
20% margin
Operating profit$0.7B
3% margin
Net profit$0.8B
3% margin
Net profit is larger than what operations earned, because the statement adds $0.2B below it, under Other income, net.
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 28.0 | 100% | +0% |
| Cost of revenue | −22.6 | 80% | |
| Gross profit | 5.5 | 20% margin | +2pp |
| R&D | −2.8 | 10% | +4pp |
| SG&A | −2.0 | 7% | +2pp |
| Operating profit | 0.7 | 3% margin | −3pp |
| Other income, net | 0.2 | ||
| Tax | −0.2 | ||
| Net profit | 0.8 | 3% margin | −2pp |
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