HEICO (HEI) Q3 FY26 earnings
Revenue $1.4B, up 23% from a year ago. Net income $254M.
HEICO grew revenue 23% to $1.4B with a 17% net margin — net income $235M, up 33%. Flight Support Group carried 67% of revenue at $948M, up 18%, with Electronic Technologies making up the rest.
Revenue per day — this week's much-quoted strip.
Every figure from the filings — the strip that made the rounds this week.
Gross profit per day.
The same lens on gross profit.
Where the revenue came from
| Segment | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Flight Support Group | $948M | 67.1% | — |
| Electronic Technologies Group | $483M | 34.2% | — |
As HEICO's own segment table reports it.
Income statement, line by line
| Line | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +23% | |
| Cost of revenue | $832M | 58.9% | +21% |
| Gross profit † | $581M | 41.1% | +27% |
| Operating expenses | $226M | 16.0% | +18% |
| Operating income | $355M | 25.1% | +34% |
| Pretax income | $321M | 22.7% | +36% |
| Income tax | $66M | 4.7% | +49% |
| Net income | $254M | 18.0% | +33% |
— means the filing states no comparable prior-year figure for that line, so we do not compute one.
Effective tax rate: 20.6%. That is tax as a share of pretax income. The 4.7% in the column above is tax as a share of revenue, which is not a tax rate.
† The filing doesn't print this line. We calculated it from the filed figures; it adds up to the dollar.
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Jul 31, 2026 | $1.4B | $254M | 18.0% |
| Apr 30, 2026 | $1.4B | $234M | 17.0% |
| Jan 31, 2026 | $1.2B | $190M | 16.1% |
| Oct 31, 2025 | $1.2B | $188M | 15.6% |
| Jul 31, 2025 | $1.1B | $177M | 15.5% |
| Apr 30, 2025 | $1.1B | $157M | 14.3% |
| Jan 31, 2025 | $1.0B | $168M | 16.3% |
| Oct 31, 2024 | $1.0B | $140M | 13.8% |
Held by tracked 13F managers
HEICO CORP NEW (CL A): 4 of 69 tracked managers reported holding it — $312M across tracked reports, as filed.
HEICO CORP NEW (COM): 2 of 69 tracked managers reported holding it — $166M across tracked reports, as filed.
13F reports arrive up to 45 days after quarter end and may be amended; totals sum across tracked reports, not unique economic ownership.
Get the next HEICO card when it files — free, one issue a week, no ratings. Subscribe on Substack.