Companies /Industrials
GATX Corp
NYSE: GATX Rental & Leasing Services
$190.72
▲ $4.93 (+2.65%) today
Markets closed · 6:50pm ET

GATX (GATX) Q3 2026 Earnings

Reported Oct 29, 2026, 8:30am ET · SEC source
$2.92
Beat +18.72%
EPS · est. $2.46 Adjusted

No Tax Adjustments and Other Items in Q3 2026 (GAAP and non-GAAP diluted EPS both $2.92). Q3 2025 GAAP EPS of $2.25 included a net positive $5.3 million ($0.15 per share) from Tax Adjustments and Other Items; non-GAAP Q3 2025 EPS was $2.10. Q3 2026 includes net gains on asset dispositions of $51.7 million.

$598.0M
Beat +0.90%
Revenue · est. $592.7M
4 quarters
Consecutive EPS beats

How Did GATX Stock React to Q3 2026 Earnings?

% change · around the report
−3%0+3%+6%Oct 29Oct 30report 8:30am ETearnings−2.2%+2.7%
−3%0+3%+6%Oct 29Oct 30earnings−2.2%+2.7%
GATX +2.7%S&P 500 −2.2%
−4%0+4%+8%Oct 29Oct 30report 8:30am ETearnings−4.4%+2.7%
−4%0+4%+8%Oct 29Oct 30earnings−4.4%+2.7%
GATX +2.7%NASDAQ −4.4%
−12%−8%−4%0Oct 28Nov 4report 8:30am ETearnings−0.2%+1.6%
−12%−8%−4%0Oct 28Nov 4earnings−0.2%+1.6%
GATX +1.6%S&P 500 −0.2%
−12%−8%−4%0Oct 28Nov 4report 8:30am ETearnings−3.3%+1.6%
−12%−8%−4%0Oct 28Nov 4earnings−3.3%+1.6%
GATX +1.6%NASDAQ −3.3%
+6.87%
Day of report
+0.37%
Next session

Did GATX Beat Earnings? Q3 2026 Results

Yes. GATX reported Q3 2026 earnings of $2.92 a share on Oct 29, 2026, beating the $2.46 consensus estimate by 18.7%. Revenue was $598.0M against a $592.7M estimate.

GATX Corporation delivered a standout third quarter of 2026, posting adjusted earnings of $2.92 per diluted share and beating the $2.46 consensus estimate by 18.72%, while revenue of $598.00 million edged past forecasts and surged 36.1% year over year. The primary engine behind those results was Rail North America, where the integration of the Wells Fargo rail asset acquisition roughly doubled the North American fleet to approximately 199,100 cars, lifting segment profit to $121.30 million from $70.70 million a year earlier on higher lease revenues, increased management fees, and net gains on asset dispositions of $50.30 million in the quarter alone. Railcar leasing fundamentals remained constructive, with utilization climbing sequentially to 98.4% and secondary-market demand described by management as extremely strong. Analysts had flagged the quarter as closely watched ahead of any guidance update, and GATX obliged, saying it now expects full-year 2026 earnings to modestly exceed the high end of its prior $9.90 to $10.30 per diluted share guidance range, reflecting confidence in the momentum building across its global platform.

Key Takeaways
  • Higher lease revenues in Rail North America, aided by the acquired Wells Fargo rail assets
  • Increased management fee revenue from the Brookfield-owned finance lease portfolio
  • Net gains on asset dispositions of $51.7 million ($50.3 million in Rail North America)
  • Rail North America utilization of 98.4%, LPI renewal rate change of +12.4% and renewal success rate of 86.1%
  • GATX Rail Europe utilization improved to 96.1%, with renewal rate increases across many car types
  • Rail India fleet fully utilized at 100%
  • Higher operating and remarketing income at RRPF
  • Partly offset by higher interest, depreciation and maintenance expenses

“We delivered another quarter of outstanding performance, supported by favorable leasing fundamentals and strong execution. The overall dynamics for railcar leasing in North America remain positive. Rail traffic is stable or modestly growing for most commodities, attrition in the industry railcar fleet continues, and the supply of new railcars is limited.”

GATX CEO, on the earnings call

What Is GATX's Outlook?

GATX now expects 2026 full-year earnings to modestly exceed the high end of its previously announced guidance range of $9.90 to $10.30 per diluted share. The outlook reflects positive dynamics and strong execution across its global businesses, benefits from the acquisition of Wells Fargo's rail assets and related portfolio management activities, and strong performance at Engine Leasing. The guidance excludes any impact from Tax Adjustments and Other Items.

GATX YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$200.0M$400.0M$600.0M$439.3M$598.0MRevenue$82.2M$105.2MNet Income
$0$200.0M$400.0M$600.0MRevenueNet Income
GATX income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $598.0M $439.3M +36.1%
Net Income $105.2M $82.2M +28.0%

GATX Revenue by Segment

Rail North America$448.0M+51.1%
Rail International$108.5M+9.2%
Engine Leasing$31.0M−5.8%

Figures from SEC filings and company reports. Not investment advice.