WSM Q3 2026 Earnings
Reported Nov 19, 2025 at 9:03 AM ET · SEC Source
Q3 26 EPS
$1.96
BEAT +4.61%
Est. $1.87
Q3 26 Revenue
$1.88B
BEAT +0.92%
Est. $1.87B
vs S&P Since Q3 26
-8.7%
TRAILING MARKET
WSM +1.8% vs S&P +10.4%
Market Reaction
Did WSM Beat Earnings? Q3 2026 Results
Williams-Sonoma delivered a convincing third-quarter fiscal 2025 beat, with diluted EPS of $1.96 topping the $1.87 consensus estimate by 4.61% and revenue of $1.88 billion edging ahead of expectations by 0.92% while climbing 4.6% year-over-year. The … Read more Williams-Sonoma delivered a convincing third-quarter fiscal 2025 beat, with diluted EPS of $1.96 topping the $1.87 consensus estimate by 4.61% and revenue of $1.88 billion edging ahead of expectations by 0.92% while climbing 4.6% year-over-year. The headline driver behind the solid results was broad-based brand momentum, with all four segments posting positive comparable revenue growth and the overall comparable brand revenue rate accelerating to 4.0%, ahead of management's own expectations. Gross margin expanded 70 basis points to 46.1%, supported by higher merchandise margins and supply chain efficiencies that more than offset rising occupancy costs, while operating income reached $319.14 million at a 17.0% margin. Despite the strong print, tariff headwinds remain a live concern, with analysts already trimming price targets to account for the multiple layers of import costs now baked into the company's cost structure. Looking ahead, management reiterated full-year net revenue growth guidance of +0.5% to +3.5% and raised its operating margin outlook to 17.8%-18.1%, signaling confidence that supply chain discipline can continue absorbing the tariff burden through year-end.
Key Takeaways
- • Comparable brand revenue growth of +4.0% with all brands posting positive comps
- • Gross margin expansion of 70bps driven by higher merchandise margins (+60bps) and supply chain efficiencies (+30bps)
- • Operating margin expanded 10bps to 17.0%
- • Diluted EPS growth of 4.8% year-over-year
- • Williams Sonoma brand comp strongest at +7.3%
WSM YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
WSM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are proud to deliver strong results in the third quarter of 2025 with an accelerating positive top-line comp and continued outperformance in profitability. In Q3, our comp came in above expectations at 4.0%, with another quarter of positive comps in all brands. Operating margin came in at 17.0%, expanding 10 basis points, with earnings per share of $1.96, growing 4.8% year-over-year. We are encouraged by our continued strong performance, and are confident in our outlook for Q4. We are reiterating full year comparable brand revenue growth to be in the range of 2% to 5%, and we are raising our bottom-line guidance to an operating margin of 17.8% to 18.1%.”
— Laura Alber, Q3 2026 Earnings Press Release
WSM Earnings Trends
WSM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WSM EPS Trend
Earnings per share: estimate vs actual
WSM Revenue Trend
Quarterly revenue: estimate vs actual
WSM Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $2.89 | $3.04 | +5.19% | $2.36B | -2.50% |
| FY Full Year | $8.72 | $8.84 | +1.37% | $7.81B | -0.77% |
| Q3 26 BEAT | $1.87 | $1.96 | +4.61% | $1.88B | +0.92% |
| Q2 26 BEAT | $1.81 | $2.00 | +10.49% | $1.84B | +0.48% |
| Q4 25 FY | — | $3.28 | — | $2.46B | — |
| FY Full Year | — | $8.79 | — | $7.71B | — |