LKQ Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting a net loss attributable to stockholders of $26 million for the third quarter alongside goodwill and asset impairment charges totaling $111 million.

Key Highlights

  • Q3 2026 revenue: $3,319 million, compared with $3,499 million in Q3 2025, according to the filing.
  • Net loss attributable to LKQ stockholders: $(26) million, or $(0.10) per basic and diluted share, for the three months ended September 30, 2026.
  • Goodwill impairment: $88 million recorded in Q3 2026, with no comparable charge in Q3 2025, as disclosed in the income statement.
  • Impairment of net assets held for sale: $23 million recorded in Q3 2026, per the filing.
  • Nine-month net income attributable to LKQ stockholders: $189 million, or $0.74 per basic and diluted share, for the nine months ended September 30, 2026.
  • Total assets: $14,782 million as of September 30, 2026, compared with $15,137 million at December 31, 2025.
  • Shares outstanding: 252,398,077 shares of common stock as of October 22, 2026, per the cover page.

LKQ Corporation Q3 2026 Financial Results: Impairments and Revenue Decline

According to the Form 10-Q filed for the quarterly period ended September 30, 2026, LKQ Corporation (NASDAQ:LKQ) reported revenue of $3,319 million for the three months ended September 30, 2026, down from $3,499 million in the same period of 2025. Gross margin for the quarter was $1,236 million, compared with $1,341 million a year earlier. Operating income fell to $53 million from $274 million in Q3 2025, with the decline attributable in part to $88 million in goodwill impairment and $23 million in impairment of net assets held for sale, both of which were absent in the prior-year quarter.

The filing reported a loss from continuing operations of $(25) million for Q3 2026, versus income from continuing operations of $178 million in Q3 2025. Net loss attributable to LKQ stockholders was $(26) million, or $(0.10) per share, for the quarter. For the nine months ended September 30, 2026, the company reported net income attributable to LKQ stockholders of $189 million, or $0.74 per basic and diluted share, compared with $541 million, or $2.10 per share, for the nine months ended September 30, 2025. Restructuring and transaction related expenses were $24 million in Q3 2026 versus $14 million in Q3 2025, and $71 million for the nine-month period versus $33 million a year earlier.

On the balance sheet, total assets were $14,782 million as of September 30, 2026, compared with $15,137 million at December 31, 2025. Goodwill decreased to $5,274 million from $5,414 million over the same period. Long-term obligations, excluding the current portion, were $3,678 million at September 30, 2026. The filing also disclosed that the cash flow statement includes an impairment on a Mekonomen equity method investment of $44 million for the nine months ended September 30, 2026. Treasury stock stood at 72.1 million shares at September 30, 2026, up from 69.0 million shares at December 31, 2025.

What Was Disclosed

LKQ Corporation disclosed its unaudited condensed consolidated financial statements for Q3 and the nine months ended September 30, 2026, including a quarterly net loss, impairment charges on goodwill and net assets held for sale, and a year-over-year decline in both revenue and operating income.