# Stewart Q3 2026 Earnings Report

> Stewart reports 14% revenue growth with $900.7m total revenue despite residential market headwinds.
- Title: Stewart Q3 2026 Earnings Report · The Motley Fool | Shortify
- Summary: Stewart reports 14% revenue growth with $900.7m total revenue despite residential market headwinds. Stewart's Q3 2026 earnings show 14% revenue growth and…
- Keywords: stewart, q3 2026, earnings call, real estate solutions, commercial revenue, dividend increase, title services, residential market, finance, money, 2026, Earnings
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/22/stewart-stc-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-22T16:54:09+00:00
- Read time: 2 min
- Topics: stewart, q3 2026, earnings call, real estate solutions, commercial revenue, dividend increase, title services, residential market, finance, money
## Q3 2026 Results
Total revenue reached $900.7 million, a 14% year-over-year increase on an adjusted basis.
## Adjusted EPS
Adjusted diluted EPS was $1.33 per share, down from $1.64 last year due to lower residential volume.
## Real Estate Solutions
Real Estate Solutions revenue grew 68% year-over-year to $196.5 million from MCS acquisition and credit data volume.
## Commercial Revenue
Domestic commercial revenue increased 9% to $86.4 million with closed orders improving 18% across asset classes.
## Fee Per File
Average commercial fee per file decreased to $16,300, an 8% drop from reduced transaction sizes.
## Agency Title Revenue
Agency title revenue grew 7% to $384.7 million across key agency states including Florida.
## Dividend Increase
Annual dividend increased to $2.20 per share, the seventh increase in under six years.
## Direct Title Revenue
Direct title revenue rose 2% to $305.8 million as commercial growth offset residential and refinance declines.
## Adjusted RES Margin
Adjusted RES pretax margin decreased to 10.5% from 11.3% last year due to slower orders for research and appraisals.
## Book Value
Book value per share stood at $54.82 based on $1.7 billion total stockholders' equity.
## Excess Liquidity
Company held approximately $300 million in excess liquidity beyond statutory reserve requirements.
## Title Loss Ratio
Title loss ratio remained at 3.4% of title operating revenues, comparable to prior year.
## Employee Cost Ratio
Employee cost ratio improved to 26.0% of total operating revenues from 27.2% last year.
## Net Cash From Operations
Net cash from operations dropped to $46.6 million from $92.6 million last year due to timing of payments.
## M&A Deployment
Company deployed $150 million into acquisitions including Nationwide Appraisal, Tower Title, and ProTitleUSA.
## Commercial Revenue Timing
Commercial revenue shifted by a few million dollars into Q4 due to transaction closings.
## Domestic Purchase Orders
34,329 domestic purchase orders closed, a 5% decrease compared to Q3 2025.
## Domestic Refinance Orders
11,439 domestic refinance orders closed, a 10% decrease due to higher 30-year mortgage rates.
## Residential Market Conditions
Eppinger stated residential market conditions will continue to decay with 30-year mortgage rates at 7.5%.
## Cancellation Rates
Cancellations rose to 15% of transactions in specific service areas like credit data.
## Key takeaway

Stewart's Q3 2026 earnings show 14% revenue growth and $1.33 adjusted EPS with residential market challenges.