Sabre (SABR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Sabre published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Sabre reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Sabre sold its Hospitality Solutions business to an affiliate of TPG on July 3, 2025. Q3 2025 diluted EPS of $1.98 includes $1.86 from discontinued operations, mostly that sale; EPS from continuing operations was $0.12.
• Sabre reports one segment. In 2026 it renamed its revenue lines: Distribution is now Marketplace and IT Solutions is now Airline Technology, with the same products in each.
• Figures are converted from thousands.

Source: Sabre Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Sabre splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Sabre's Marketplace revenue was $594 million in Q3 2026, up 3% from $575 million in Q3 2025, 80% of total revenue.
• Sabre's Airline Technology revenue was $145 million in Q3 2026, up 3% from $140 million in Q3 2025, 20% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Sabre said:

“Reaffirmed 2026 full-year guidance for low-to-mid-single-digit growth in both revenue and air marketplace bookings”

“Pro Forma Adjusted EBITDA ~$610M +14% YoY”

“Free Cash Flow ~$(50M)”

“Full year Free Cash Flow guidance consists of expected cash provided by operating activities of approximately $45 million, less expected additions to property and equipment of approximately $95 million.”

Source: Sabre Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SABR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue from continuing operations and GAAP diluted net EPS (including discontinued operations), each as first reported in that quarter's release. Q3 2025 EPS includes the gain on the Hospitality Solutions sale.

We do not hold a confirmed date for Sabre's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Sabre's Q3 2026 revenue was $738.4 million, up 3% from $715.2 million. Marketplace, the fees Sabre earns when travel agencies book air, hotel, car and other travel through its global distribution system, brought in $594.0 million. Airline Technology, the reservations and operations software airlines pay for largely by passengers boarded, brought in $144.5 million. (Sabre Q3 2026 release, Nov 5, 2026; Sabre Form 10-Q, Q3 2026, Nov 5, 2026; Sabre Form 10-K, 2025, Feb 18, 2026)

Sabre said Marketplace revenue rose $19 million, driven by a $14 million increase in transaction-based revenue, mainly from favorable rate impacts, and a $5 million increase in product-based revenue. Total Marketplace bookings were 95,130 thousand, roughly flat: air bookings fell 1.4% to 79,428 thousand while lodging and other bookings rose 7.6% to 15,702 thousand. The average booking fee rose about 3% to $6.24, and hotel-related revenue grew 14%. (Sabre Q3 2026 release, Nov 5, 2026; Sabre Form 10-Q, Q3 2026, Nov 5, 2026)

Airline Technology revenue rose $5 million, or 3%: $2 million from volume growth and $3 million from other revenue. Passengers boarded rose 1.9% to 185,642 thousand. Sabre also signed Kenya Airways as a new Airline Technology customer. (Sabre Q3 2026 release, Nov 5, 2026; Sabre Form 10-Q, Q3 2026, Nov 5, 2026)

Sabre's bookings lean toward North America, where booking fees per transaction have historically been lower than in Europe. In 2025, North America was 58% of Direct Billable Bookings, APAC 19%, EMEA 16% and Latin America 7%. (Sabre Form 10-K, 2025, Feb 18, 2026)

Sabre posted GAAP diluted EPS of -$0.06 in Q3 2026, against $1.98 a year earlier, when it recorded $800.3 million of income from discontinued operations, mostly from selling Hospitality Solutions. On a continuing basis the swing was from $0.12 to -$0.06: operating income rose to $109.4 million from $93.6 million, but interest expense, net rose to $123.4 million from $111.3 million, other, net was a $15.9 million charge, and the tax benefit fell to $3.3 million from $58.5 million. (Sabre Q3 2026 release, Nov 5, 2026; Sabre Form 10-Q, Q3 2026, Nov 5, 2026)

Sabre's Adjusted EPS was $0.11, against -$0.01. It excludes acquisition-related amortization, restructuring costs, other, net, indirect tax matters, stock-based compensation ($23.7 million in Q3 2026) and the tax impact of those adjustments, and uses 480.7 million adjusted diluted shares against 403.6 million on a GAAP basis. (Sabre Q3 2026 release, Nov 5, 2026)

Sabre said interest expense rose because of financing activities since the prior year. In Q3 2026 it refinanced debt at a lower interest rate, pushing some maturities out to 2032, with no large maturities until the third quarter of 2029. Net debt was $4,025.6 million at September 30, 2026. (Sabre Q3 2026 release, Nov 5, 2026; Sabre Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Sabre gives full-year guidance in its release. For 2026 it expects low-to-mid-single-digit growth in revenue and air Marketplace bookings, Pro Forma Adjusted EBITDA of about $610 million, up 14%, and Free Cash Flow of about negative $50 million, which it raised for the second consecutive quarter. Free Cash Flow guidance assumes about $45 million of operating cash flow less about $95 million of capital additions. (Sabre Q3 2026 release, Nov 5, 2026)

Sabre's guidance includes an expected 2026 net loss from continuing operations of about $133 million and interest expense, net of about $494 million. Sabre said it expects positive free cash flow in 2027 and will host an Investor Day on November 17, 2026. (Sabre Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Sabre, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Sabre's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SABR is on is SABR a buy or a sell?, what analysts expect next is on the SABR forecast, and what the company does is on the Sabre (SABR) stock page.

Every number on this page can be traced to a document Sabre published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.