10-Q · April 30, 2026
Frontdoor, Inc. reported Q1 2026 results with revenue of $451 million, a 6% increase from the previous year, and strong EPS of $0.73, surpassing estimates of $0.67. The company faces challenges from macroeconomic…
Earnings analysis · 10-Q
FTDR earnings analysis
Filed November 5, 2026 · Our reading of the company's report
The latest report
Frontdoor delivered $655 million of third-quarter revenue, exceeding consensus by 1.1% and increasing approximately 6.0% year over year. Adjusted EPS of $1.81 and Adjusted EBITDA of $205 million improved, but GAAP EPS…
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Frontdoor delivered $655 million of third-quarter revenue, exceeding consensus by 1.1% and increasing approximately 6.0% year over year. Adjusted EPS of $1.81 and Adjusted EBITDA of $205 million improved, but GAAP EPS of $1.65 missed the $1.77 consensus estimate, producing a mixed quarter. Management raised full-year 2026 revenue guidance to $2.205 billion-$2.215 billion and authorized an additional $1 billion share-repurchase program. The 10-Q reported no material changes to the risk factors from the 2025 Form 10-K during the nine months ended September 30, 2026.
Reported figures
- Earnings per share
- $1.65
What stood out
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Revenue grew sequentially and year over year
Third-quarter revenue was $655 million, up from $645 million in the second quarter and $618 million in the prior-year quarter, representing sequential growth of approximately 1.6% and year-over-year growth of approximately 6.0%.
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Adjusted earnings and EBITDA increased
Adjusted EPS was $1.81 versus $1.76 in Q2 2026 and $1.42 in Q3 2025, while Adjusted EBITDA was $205 million, up 5% year over year.
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Revenue beat consensus
Revenue exceeded the $647.8 million consensus estimate by approximately $7.2 million, or 1.1%.
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Share repurchases remained substantial
The company repurchased 1,355,456 shares during the quarter at an average price of $79.68, with $70 million remaining under the prior authorization as of September 30, 2026.
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New $1 billion repurchase authorization
The board approved a new share repurchase authorization of up to $1 billion covering the period from November 12, 2026 through November 12, 2029.
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No control deficiencies reported
Management concluded that disclosure controls and procedures were effective as of September 30, 2026, and reported no material changes to internal control over financial reporting during the quarter.
What to watch
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GAAP EPS missed consensus
GAAP EPS was $1.65, below the $1.77 consensus estimate by $0.12, despite adjusted EPS of $1.81. The gap indicates that reported earnings were weaker than the adjusted result.
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Large capital-return commitment
The company had $70 million remaining under its prior repurchase authorization as of September 30, 2026, while the new program permits up to $1 billion of additional repurchases. The scale of planned capital returns could reduce liquidity available for other uses.
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Planned insider share sales
The CEO adopted a Rule 10b5-1 plan covering sales of up to 208,747 shares, with sales scheduled from November 10, 2026 through August 10, 2027. The planned insider sales may create incremental trading pressure.
Management's outlook
Full-year 2026 revenue outlook was raised to $2.205 billion-$2.215 billion and Adjusted EBITDA outlook is $590 million-$600 million. Fourth-quarter revenue outlook is $453 million-$463 million; no numeric EPS guidance was provided.
Earlier filings 1
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