Jun 2026 (Q3 FY26) — Aug 5, 2026
Valvoline Q3 FY26 — Strong Sales and Profit Growth Amidst Supply Constraints
Read the full callValvoline (VVV) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Valvoline earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 545 | +24.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 20.6 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 64.5 | +14.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 6 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year tariff-related operating cost impact (system-wide) | less than $4 million system-wide | Mar 2025 | As we look at the tariff impact, that was sized last year as being pretty modest. And frankly, a lot of action was taken to mitigate or avoid a lot of the tariff -- a lot of tariffs that could have come. Frankly, we saw a very little impact from tariff actions. Last year, there was no impact when it came to finished lubricants. | Achieved |
| Full-year adjusted EBITDA growth | EBITDA growth of approximately 15% (at the midpoint) | Sep 2025 | We are narrowing our adjusted EBITDA and EPS ranges to $550 million to $560 million and $1.70 to $1.75 per share, respectively. | Revised Up |
| Breeze Autocare financial contribution (10 months of fiscal 2026) | about $160 million of top line and around $31 million of EBITDA | Dec 2025 | The overall performance of the Breeze business continues to be at or above expectations and the overall deal thesis and return expectations we shared at the December investor update remain intact. | On Track |
15 of VALVOLINE INC's 21 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 18 more targets are in the full ledger.
Claimed
- System-wide store sales increased 19%, crossing the $1 billion mark for the first time in a quarter.
- System-wide same-store sales grew 8%, with ticket contributing more than 75% of the comp.
- EBITDA increased 25% to $162 million, with margin expanding 30 basis points to 29.8%.
- Adjusted EPS increased 21% to $0.57 per share.
- Net debt to adjusted EBITDA leverage ratio declined sequentially by approximately 10% to 2.8x.
Qualified
- Finished lubricant costs are expected to be approximately 60% above March levels, translating to an additional $5-$7 per oil change.
- Gross margin rate decreased 50 basis points year-over-year to 40% due to higher other service delivery costs.
- Pockets of pressure were observed in June with more moderate growth among lower-income households and some softness in NOCR penetration.
- Q4 EBITDA margins are expected to compress by 300-400 basis points due to product cost impacts.
Price
$30.72 −2.35% · −$0.74
Performance −11.9% 1Y
1Y: $34.85 on 17 Oct 2025 → $30.72. High $40.27 (16 Jul 2026), low $26.62 (21 Sept 2026).
- Previous close
- $31.46
- 52-week range
- $26.62 – $40.27
- One year
- −11.98%
Overview
- Symbol
- VVV
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 6 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year tariff-related operating cost impact (system-wide) | less than $4 million system-wide | Mar 2025 | As we look at the tariff impact, that was sized last year as being pretty modest. And frankly, a lot of action was taken to mitigate or avoid a lot of the tariff -- a lot of tariffs that could have come. Frankly, we saw a very little impact from tariff actions. Last year, there was no impact when it came to finished lubricants. | Achieved |
| Full-year adjusted EBITDA growth | EBITDA growth of approximately 15% (at the midpoint) | Sep 2025 | We are narrowing our adjusted EBITDA and EPS ranges to $550 million to $560 million and $1.70 to $1.75 per share, respectively. | Revised Up |
| Breeze Autocare financial contribution (10 months of fiscal 2026) | about $160 million of top line and around $31 million of EBITDA | Dec 2025 | The overall performance of the Breeze business continues to be at or above expectations and the overall deal thesis and return expectations we shared at the December investor update remain intact. | On Track |
Claimed
- System-wide store sales increased 19%, crossing the $1 billion mark for the first time in a quarter.
- System-wide same-store sales grew 8%, with ticket contributing more than 75% of the comp.
- EBITDA increased 25% to $162 million, with margin expanding 30 basis points to 29.8%.
- Adjusted EPS increased 21% to $0.57 per share.
- Net debt to adjusted EBITDA leverage ratio declined sequentially by approximately 10% to 2.8x.
Qualified
- Finished lubricant costs are expected to be approximately 60% above March levels, translating to an additional $5-$7 per oil change.
- Gross margin rate decreased 50 basis points year-over-year to 40% due to higher other service delivery costs.
- Pockets of pressure were observed in June with more moderate growth among lower-income households and some softness in NOCR penetration.
- Q4 EBITDA margins are expected to compress by 300-400 basis points due to product cost impacts.
The full ledger
Open VALVOLINE INC’s full ledger
A free account opens 5 company ledgers a month. All 21 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — May 7, 2026
Valvoline Q2 FY26 — Strong Top-Line Growth and Raised Full-Year Guidance
Read the full callEvery analysed call
Valvoline earnings calls (VVV)
Financials
What the filings say
Net profit, year on year: +14% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 436 | 414 | 403 | 439 | 454 | 462 | 504 | 545 |
| Operating profit | 135 | 144 | 67 | 95 | 85 | 18 | 86 | 112 |
| Operating margin | 30.9% | 34.7% | 16.6% | 21.6% | 18.6% | 4.0% | 17.1% | 20.6% |
| Profit before tax | 115 | 127 | 51 | 77 | 37 | -6 | 60 | 86 |
| Tax rate | 22.7% | 26.2% | 24.8% | 26.0% | 31.2% | −436.7% | 23.9% | 24.1% |
| Net profit | 92 | 92 | 38 | 57 | 25 | -33 | 45 | 65 |
| EPS ($ per share) | — | 0.71 | 0.29 | 0.44 | — | -0.26 | 0.35 | 0.51 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Reserves | -399 | -284 | -110 | 90 | 282 | 141 | 123 | 274 |
| Total liabilities | 2,212 | 2,322 | 3,127 | 3,057 | 3,110 | 2,687 | 2,253 | 2,332 |
| Fixed assets | 420 | 498 | 613 | 817 | 669 | 818 | 959 | 1,135 |
| Investments | — | — | — | — | 0 | 348 | 0 | — |
| Total assets | 1,854 | 2,064 | 3,051 | 3,191 | 3,417 | 2,890 | 2,439 | 2,670 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 320 | 325 | 372 | 404 | 284 | -41 | 265 | 297 |
| Cash from investing | -213 | -188 | -223 | -400 | -208 | 2,044 | 137 | -201 |
| Cash from financing | -209 | -71 | 450 | -535 | -219 | -1,674 | -746 | -113 |
| Net cash flow | -105 | 63 | 601 | -529 | -147 | 329 | -344 | -17 |
| Capital expenditure | -93 | -108 | -94 | -103 | -132 | -180 | -224 | -259 |
| Free cash flow | 227 | 217 | 278 | 301 | 152 | -221 | 41 | 38 |
VVV revenue by segment
| Segment | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|
| Reportable | 100% | 100% | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
VVV operating KPIs by quarter
| KPI | Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| New stores opened Franchise | 20We added 31 new stores for the quarter with 20 coming from franchise and 11 on the company side.Source: earnings call transcript | 26We opened 47 net new additions for the quarter, 26 openings coming from franchise growth with 1 closure and company opened 20 and had 2 transfers from the Express Care platform for a total of 22.Source: earnings call transcript | +30% |
| New stores opened Company | 11We added 31 new stores for the quarter with 20 coming from franchise and 11 on the company side.Source: earnings call transcript | 20We opened 47 net new additions for the quarter, 26 openings coming from franchise growth with 1 closure and company opened 20 and had 2 transfers from the Express Care platform for a total of 22.Source: earnings call transcript | +81.8% |
| Stores | 2,409We finished the quarter with a total store count of 2,409.Source: earnings call transcript | 2,456We added 47 net new stores in the quarter, bringing our overall network to 2,456 stores.Source: earnings call transcript | +2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
66 filings between Nov 14, 2025 and Sep 2, 2026.
Open market
decisions to buy or sellPurchases
$953.7K
6 purchases by 5 insiders
Sales
$645.3K
6 sales by 2 insiders
50% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 5
- Award — granted as compensation
- 23
- Option exercise — converted options into shares
- 26
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| WILLIS J KEVIN | $632.1K | — | May 14, 2026 |
| O'Daniel Julie Marie | — | $393.4K | Aug 21, 2026 |
| Caldwell Jonathan L. | — | $252.0K | Jun 25, 2026 |
| Flees Lori Ann | $138.7K | — | Nov 24, 2025 |
| Freeland Richard Joseph | $100.3K | — | May 14, 2026 |
| Denny Jordan M. | $50.0K | — | Aug 12, 2026 |
| Slater Jennifer Lynn | $32.5K | — | May 15, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | Worsham Adam C. SVP, Chief Franchising Officer | Option exercise | 2,573 | $0 |
| Sep 2, 2026 | Worsham Adam C. SVP, Chief Franchising Officer | Tax withheld | 788 | $25.1K |
| Aug 21, 2026 | O'Daniel Julie Marie Chief Legal Officer | Sale | 3,700 | $125.1K |
| Aug 12, 2026 | Denny Jordan M. Chief Accounting Officer | Purchase | 1,506 | $50.0K |
| Jun 25, 2026 | Caldwell Jonathan L. Chief People Officer | Sale 10b5-1 plan | 2,851 | $114.0K |
| Jun 2, 2026 | WILLIS J KEVIN Chief Financial Officer | Option exercise | 3,876 | $131.6K |
| Jun 2, 2026 | WILLIS J KEVIN Chief Financial Officer | Tax withheld | 1,768 | $60.0K |
| May 15, 2026 | Slater Jennifer Lynn Director | Purchase | 1,000 | $32.5K |
| May 14, 2026 | WILLIS J KEVIN Chief Financial Officer | Purchase | 10,000 | $318.0K |
| May 14, 2026 | Freeland Richard Joseph Director | Purchase | 3,100 | $100.3K |
| Apr 1, 2026 | Denny Jordan M. Chief Accounting Officer | Tax withheld | 1,195 | $40.7K |
| Apr 1, 2026 | Denny Jordan M. Chief Accounting Officer | Option exercise | 3,543 | — |
| Mar 3, 2026 | Caldwell Jonathan L. Chief People Officer | Sale 10b5-1 plan | 2,679 | $100.6K |
| Mar 2, 2026 | Caldwell Jonathan L. Chief People Officer | Sale 10b5-1 plan | 983 | $37.4K |
| Mar 2, 2026 | Caldwell Jonathan L. Chief People Officer | Tax withheld 10b5-1 plan | 6,198 | $232.8K |
| Mar 2, 2026 | Caldwell Jonathan L. Chief People Officer | Option exercise 10b5-1 plan | 8,877 | $180.1K |
| Feb 27, 2026 | Sturgeon Dione Chief Accounting Officer | Tax withheld | 104 | $3.9K |
| Feb 27, 2026 | Sturgeon Dione Chief Accounting Officer | Option exercise | 287 | $10.8K |
| Feb 20, 2026 | O'Daniel Julie Marie Chief Legal Officer | Tax withheld | 11,498 | $443.0K |
| Feb 20, 2026 | O'Daniel Julie Marie Chief Legal Officer | Option exercise | 15,810 | $363.8K |
| Feb 20, 2026 | O'Daniel Julie Marie Chief Legal Officer | Sale | 4,312 | $166.2K |
| Jan 28, 2026 | Manager Vada O Director | Option exercise | 3,750 | $123.2K |
| Jan 28, 2026 | Pacious Patrick Director | Option exercise | 3,750 | $123.2K |
| Nov 28, 2025 | Fulcher Linne Chief Operating Officer | Option exercise | 794 | — |
| Nov 28, 2025 | Sturgeon Dione Chief Accounting Officer | Tax withheld | 124 | $3.9K |
| Nov 28, 2025 | Sturgeon Dione Chief Accounting Officer | Option exercise | 398 | — |
| Nov 28, 2025 | Flees Lori Ann President & CEO | Tax withheld | 1,219 | $38.2K |
| Nov 28, 2025 | Flees Lori Ann President & CEO | Option exercise | 2,643 | — |
| Nov 28, 2025 | Caldwell Jonathan L. Chief People Officer | Option exercise | 595 | — |
| Nov 28, 2025 | Fulcher Linne Chief Operating Officer | Tax withheld | 243 | $7.6K |
| Nov 28, 2025 | Caldwell Jonathan L. Chief People Officer | Tax withheld | 186 | $5.8K |
| Nov 28, 2025 | O'Daniel Julie Marie Chief Legal Officer | Tax withheld | 330 | $10.3K |
| Nov 28, 2025 | O'Daniel Julie Marie Chief Legal Officer | Option exercise | 1,058 | — |
| Nov 26, 2025 | O'Daniel Julie Marie Chief Legal Officer | Sale | 3,200 | $102.0K |
| Nov 24, 2025 | Flees Lori Ann President & CEO | Purchase | 4,500 | $138.7K |
| Nov 21, 2025 | O'Daniel Julie Marie Chief Legal Officer | Option exercise | 856 | — |
| Nov 21, 2025 | Fulcher Linne Chief Operating Officer | Tax withheld | 307 | $9.6K |
| Nov 21, 2025 | WILLIS J KEVIN Chief Financial Officer | Purchase | 10,000 | $314.1K |
| Nov 21, 2025 | Fulcher Linne Chief Operating Officer | Option exercise | 1,006 | — |
| Nov 21, 2025 | Sturgeon Dione Chief Accounting Officer | Tax withheld | 157 | $4.9K |
| Nov 21, 2025 | Sturgeon Dione Chief Accounting Officer | Option exercise | 503 | — |
| Nov 21, 2025 | Flees Lori Ann President & CEO | Option exercise | 6,033 | — |
| Nov 21, 2025 | Caldwell Jonathan L. Chief People Officer | Tax withheld | 205 | $6.4K |
| Nov 21, 2025 | Caldwell Jonathan L. Chief People Officer | Option exercise | 656 | — |
| Nov 21, 2025 | O'Daniel Julie Marie Chief Legal Officer | Tax withheld | 267 | $8.3K |
| Nov 21, 2025 | Flees Lori Ann President & CEO | Tax withheld | 1,928 | $60.2K |
| Nov 19, 2025 | Flees Lori Ann President & CEO | Award | 13,690 | — |
| Nov 19, 2025 | Caldwell Jonathan L. Chief People Officer | Tax withheld | 958 | $29.4K |
| Nov 19, 2025 | Caldwell Jonathan L. Chief People Officer | Award | 3,080 | — |
| Nov 19, 2025 | O'Daniel Julie Marie Chief Legal Officer | Tax withheld | 1,704 | $52.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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