The Filings Report

Alcoa Corporation

AANYSECIK 1675149Basic Materials / Metals & Miningfiscal year ends December45 quarters since 2015

Revenue, Q3 FY2026
$3.7B
+23.7% on Q3 FY2025
Net income
$483M
+108.2% on Q3 FY2025
Free cash flow
$472M
+815.2% on Q3 FY2025
Diluted EPS
$1.81
+105.7% on Q3 FY2025
Revenue, TTM
$14.3B
trailing four quarters
Net margin, TTM
10.7%
net income $1.5B
Free cash flow, TTM
$890M
$1.6B less $719M capex
Cash and equivalents
$4.4B
long-term debt —, Sep 30, 2026
Shares, 12-month change
—
264M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$106M
1.0% of market value
Market value
$10.5B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 29, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Alcoa Corporation reported revenue of $3.7B, +23.7% on Q3 FY2025, and net income of $483M (+108.2%). Free cash flow, operating cash flow less capital expenditures, was $472M ($643M less $171M). Diluted earnings per share were $1.81.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 29, 2026.

Revenue and net incomeRevenueNet income
−$2B$0$2B$4BQ4'22, Revenue: $2.7BQ4'22, Net income: −$395MQ4'22Q1'23, Revenue: $2.7BQ1'23, Net income: −$231MQ1'23Q2'23, Revenue: $2.7BQ2'23, Net income: −$102MQ2'23Q3'23, Revenue: $2.6BQ3'23, Net income: −$168MQ3'23Q4'23, Revenue: $2.6BQ4'23, Net income: −$150MQ4'23Q1'24, Revenue: $2.6BQ1'24, Net income: −$252MQ1'24Q2'24, Revenue: $2.9BQ2'24, Net income: $20MQ2'24Q3'24, Revenue: $2.9BQ3'24, Net income: $90MQ3'24Q4'24, Revenue: $3.5BQ4'24, Net income: $202MQ4'24Q1'25, Revenue: $3.4BQ1'25, Net income: $548MQ1'25Q2'25, Revenue: $3.0BQ2'25, Net income: $164MQ2'25Q3'25, Revenue: $3.0BQ3'25, Net income: $232MQ3'25Q4'25, Revenue: $3.4BQ4'25, Net income: $213MQ4'25Q1'26, Revenue: $3.2BQ1'26, Net income: $425MQ1'26Q2'26, Revenue: $4.0BQ2'26, Net income: $407MQ2'26Q3'26, Revenue: $3.7BQ3'26, Net income: $483MQ3'26−$2B$0$2B$4BQ4'22, Revenue: $2.7BQ4'22, Net income: −$395MQ1'23, Revenue: $2.7BQ1'23, Net income: −$231MQ1'23Q2'23, Revenue: $2.7BQ2'23, Net income: −$102MQ3'23, Revenue: $2.6BQ3'23, Net income: −$168MQ3'23Q4'23, Revenue: $2.6BQ4'23, Net income: −$150MQ1'24, Revenue: $2.6BQ1'24, Net income: −$252MQ1'24Q2'24, Revenue: $2.9BQ2'24, Net income: $20MQ3'24, Revenue: $2.9BQ3'24, Net income: $90MQ3'24Q4'24, Revenue: $3.5BQ4'24, Net income: $202MQ1'25, Revenue: $3.4BQ1'25, Net income: $548MQ1'25Q2'25, Revenue: $3.0BQ2'25, Net income: $164MQ3'25, Revenue: $3.0BQ3'25, Net income: $232MQ3'25Q4'25, Revenue: $3.4BQ4'25, Net income: $213MQ1'26, Revenue: $3.2BQ1'26, Net income: $425MQ1'26Q2'26, Revenue: $4.0BQ2'26, Net income: $407MQ3'26, Revenue: $3.7BQ3'26, Net income: $483MQ3'26

Net income losses drawn in red.

Free cash flow
−$400M−$200M$0$200M$400M$600MQ4'22, Free cash flow: −$53MQ4'22Q1'23, Free cash flow: −$246MQ1'23Q2'23, Free cash flow: −$128MQ2'23Q3'23, Free cash flow: −$76MQ3'23Q4'23, Free cash flow: $10MQ4'23Q1'24, Free cash flow: −$324MQ1'24Q2'24, Free cash flow: $123MQ2'24Q3'24, Free cash flow: −$3MQ3'24Q4'24, Free cash flow: $246MQ4'24Q1'25, Free cash flow: −$18MQ1'25Q2'25, Free cash flow: $357MQ2'25Q3'25, Free cash flow: −$66MQ3'25Q4'25, Free cash flow: $294MQ4'25Q1'26, Free cash flow: −$298MQ1'26Q2'26, Free cash flow: $422MQ2'26Q3'26, Free cash flow: $472MQ3'26−$400M−$200M$0$200M$400M$600MQ4'22, Free cash flow: −$53MQ1'23, Free cash flow: −$246MQ1'23Q2'23, Free cash flow: −$128MQ3'23, Free cash flow: −$76MQ3'23Q4'23, Free cash flow: $10MQ1'24, Free cash flow: −$324MQ1'24Q2'24, Free cash flow: $123MQ3'24, Free cash flow: −$3MQ3'24Q4'24, Free cash flow: $246MQ1'25, Free cash flow: −$18MQ1'25Q2'25, Free cash flow: $357MQ3'25, Free cash flow: −$66MQ3'25Q4'25, Free cash flow: $294MQ1'26, Free cash flow: −$298MQ1'26Q2'26, Free cash flow: $422MQ3'26, Free cash flow: $472MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$2B$4B$6BQ4'22, Cash and equivalents: $1.4BQ4'22, Long-term debt: $1.8BQ4'22Q1'23, Cash and equivalents: $1.1BQ1'23Q2'23, Cash and equivalents: $990MQ2'23Q3'23, Cash and equivalents: $926MQ3'23Q4'23, Cash and equivalents: $944MQ4'23, Long-term debt: $1.7BQ4'23Q1'24, Cash and equivalents: $1.4BQ1'24Q2'24, Cash and equivalents: $1.4BQ2'24Q3'24, Cash and equivalents: $1.3BQ3'24Q4'24, Cash and equivalents: $1.1BQ4'24, Long-term debt: $2.5BQ4'24Q1'25, Cash and equivalents: $1.2BQ1'25Q2'25, Cash and equivalents: $1.5BQ2'25Q3'25, Cash and equivalents: $1.5BQ3'25Q4'25, Cash and equivalents: $1.6BQ4'25, Long-term debt: $2.4BQ4'25Q1'26, Cash and equivalents: $1.4BQ1'26Q2'26, Cash and equivalents: $1.4BQ2'26Q3'26, Cash and equivalents: $4.4BQ3'26$0$2B$4B$6BQ4'22, Cash and equivalents: $1.4BQ4'22, Long-term debt: $1.8BQ1'23, Cash and equivalents: $1.1BQ1'23Q2'23, Cash and equivalents: $990MQ3'23, Cash and equivalents: $926MQ3'23Q4'23, Cash and equivalents: $944MQ4'23, Long-term debt: $1.7BQ1'24, Cash and equivalents: $1.4BQ1'24Q2'24, Cash and equivalents: $1.4BQ3'24, Cash and equivalents: $1.3BQ3'24Q4'24, Cash and equivalents: $1.1BQ4'24, Long-term debt: $2.5BQ1'25, Cash and equivalents: $1.2BQ1'25Q2'25, Cash and equivalents: $1.5BQ3'25, Cash and equivalents: $1.5BQ3'25Q4'25, Cash and equivalents: $1.6BQ4'25, Long-term debt: $2.4BQ1'26, Cash and equivalents: $1.4BQ1'26Q2'26, Cash and equivalents: $1.4BQ3'26, Cash and equivalents: $4.4BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Alcoa Corporation income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue3,7043,9663,1933,4492,9953,0183,3693,486+23.7%
Cost of revenue—————————
Gross profit—————————
Research and development81110(11)11121217−27.3%
Selling, general and administrative97101836878827180+24.4%
Operating income—————————
Other income (expense)32(200)126(115)1,03411226(42)−96.9%
Pretax income57348249968167161668338+243.1%
Income tax917382(134)(51)10120136+278.4%
Net income483407425213232164548202+108.2%
Diluted EPS ($)1.811.531.60—0.880.622.07—+105.7%
Diluted shares (millions)266266266—261260260——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Alcoa Corporation balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents4,4081,3521,3531,5971,4851,5141,2021,138+196.8%
Short-term investments—————————
Total current assets9,1695,8855,6785,4695,2845,3995,2074,914+73.5%
Total assets20,36216,85316,64016,12915,96914,99014,57414,064+27.5%
Total current liabilities3,9743,8343,8263,8013,3863,2723,0393,395+17.4%
Long-term debt———2,438———2,470—
Total liabilities12,1179,4169,7499,9359,5388,7558,6568,907+27.0%
Stockholders’ equity———————5,157—
Shares outstanding (millions)264264264264—————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Alcoa Corporation cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow643608(179)5378548875415+656.5%
Capital expenditures17118611924315113193169+13.2%
Free cash flow (CFO − capex)472422(298)294(66)357(18)246+815.2%
Depreciation and amortization176173162162160153148159+10.0%
Share repurchases—————————
Dividends paid2726272626262626+3.8%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 26, 2026.

Income statement

Alcoa Corporation income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 21, 2020FY2018ended Dec 31, 2018filed Feb 26, 2019FY2017ended Dec 31, 2017filed Feb 26, 2018FY2016ended Dec 31, 2016filed Mar 15, 2017FY2015ended Dec 31, 2015filed Dec 1, 2016FY2014ended Dec 31, 2014filed Dec 1, 2016
Revenue12,83111,89510,55112,45112,1529,28610,43313,40311,6529,31811,199—
Cost of revenue————————————
Gross profit————————————
Research and development245739323127273132336995
Selling, general and administrative299275226204227206280248280356353383
Operating income————————————
Other income (expense)1,057(91)(134)118445(8)(162)(64)(27)65(42)(58)
Pretax income1,064289(584)7021,199173(438)1,6251,200(162)(337)(63)
Income tax(55)265189664629187415732592184402284
Net income1,15760(651)(123)429(170)(1,125)250279(400)(863)(256)
Diluted EPS ($)4.370.26(3.65)(0.68)2.26(0.91)(6.07)1.331.49(2.19)(4.73)—
Diluted shares (millions)261214178181190186185189187183182182

Balance sheet

Alcoa Corporation balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 21, 2020FY2018ended Dec 31, 2018filed Feb 26, 2019FY2017ended Dec 31, 2017filed Feb 26, 2018FY2016ended Dec 31, 2016filed Mar 15, 2017FY2015ended Dec 31, 2015filed Dec 1, 2016FY2014ended Dec 31, 2014filed Dec 1, 2016
Cash and equivalents1,5971,1389441,3631,8141,6078791,1131,358853557266
Short-term investments————————————
Total current assets5,4694,9144,4055,2505,0264,5203,5304,3284,2383,1812,566—
Total assets16,12914,06414,15514,75615,02514,86014,63116,13217,44716,74116,413—
Total current liabilities3,8013,3953,0303,0043,2232,7612,5632,9193,2522,8212,404—
Long-term debt2,4382,4701,7321,8061,7262,4631,7991,8011,3881,424207—
Total liabilities9,9358,9078,3108,1678,7419,8448,7458,54410,6499,0444,900—
Stockholders’ equity—5,1574,2515,0764,6723,3114,1125,6184,5235,6549,442—
Shares outstanding (millions)264—180178185186186185186184——

Cash flow statement

Alcoa Corporation cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 25, 2021FY2019ended Dec 31, 2019filed Feb 21, 2020FY2018ended Dec 31, 2018filed Feb 26, 2019FY2017ended Dec 31, 2017filed Feb 26, 2018FY2016ended Dec 31, 2016filed Mar 15, 2017FY2015ended Dec 31, 2015filed Dec 1, 2016FY2014ended Dec 31, 2014filed Dec 1, 2016
Operating cash flow1,185622918229203946864481,224(311)875842
Capital expenditures618580531480390353379399405404391444
Free cash flow (CFO − capex)56742(440)3425304130749819(715)484398
Depreciation and amortization623642632617664653713733750718780954
Share repurchases—00500150——50————
Dividends paid10489727219———————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$1M
3 sales by 3 insiders; officers and directors $1M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$1M
4 sales by 4 insiders; officers and directors $1M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 15, 2026Hastings AndrewEVP & Gen. Counseltax withholding2,525$46.52$117K35,007Sep 17, 2026
Sep 15, 2026Hastings AndrewEVP & Gen. Counselaward2,638$0.00—37,645Sep 17, 2026
Sep 15, 2026Hastings AndrewEVP & Gen. Counseltax withholding1,200$46.52$56K36,445Sep 17, 2026
Aug 31, 2026Bacchi RenatoEVP & Chief Commercial Officeropen-market sale700$51.02$36K74,930Sep 1, 2026
Aug 27, 2026Jones Tammi AEVP & CHROopen-market sale15,628$50.60$791K39,819Aug 28, 2026
Aug 17, 2026Hastings AndrewEVP & Gen. Counselopen-market sale6,000$50.90$305K37,532Aug 18, 2026
Jul 22, 2026Reed Matthew TEVP, Chief Operations Officeropen-market sale4,600$46.82$215K71,770Jul 23, 2026
May 8, 2026Roberts Jackson PrinceDirectoraward2,532$0.00—19,672May 12, 2026
May 8, 2026Roberts Carol LDirectoraward2,532$0.00—53,630May 12, 2026
May 8, 2026de Oliveira Marques RobertoDirectoraward2,532$0.00—15,800May 12, 2026
May 8, 2026Hughes James AltonDirectoraward2,532$0.00—53,630May 12, 2026
May 8, 2026Gorman Thomas JosephDirectoraward2,532$0.00—23,327May 12, 2026
May 8, 2026Galovich BrianDirectoraward2,532$0.00—2,532May 12, 2026
May 8, 2026Fiore PasqualeDirectoraward2,532$0.00—40,761May 12, 2026
May 8, 2026Field AlistairDirectoraward2,532$0.00—12,199May 12, 2026
May 8, 2026Citrino Mary AnneDirectoraward2,532$0.00—56,665May 12, 2026
May 8, 2026Bevan John ADirectoraward2,532$0.00—12,199May 12, 2026
Apr 15, 2026Olson Emily M.EVP & Chief Ext. Aff. Officeraward8,760$0.00—8,760Apr 17, 2026
Feb 23, 2026Jones Tammi AEVP & CHROaward3,884$0.00—57,470Feb 25, 2026
Feb 23, 2026Jones Tammi AEVP & CHROaward77$59.81$5K55,488Feb 25, 2026
Feb 23, 2026Jones Tammi AEVP & CHROtax withholding2,059$59.81$123K55,411Feb 25, 2026
Feb 23, 2026Jones Tammi AEVP & CHROawardindirect29$59.81$2K11,981Feb 25, 2026
Feb 23, 2026Jones Tammi AEVP & CHROtax withholdingindirect762$59.81$46K11,952Feb 25, 2026
Feb 23, 2026Jones Tammi AEVP & CHROtax withholding41$59.81$2K55,447Feb 25, 2026
Feb 23, 2026Jones Tammi AEVP & CHROawardindirect1,463$0.00—12,714Feb 25, 2026

Full insider history for Alcoa Corporation, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held AA in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded AA by quarter.

FundManagerQuarterValueSharesWeightMove
Duquesne Family OfficeStanley DruckenmillerQ2 2026$10M185,6400.19%trimmed −87.6%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
ALCOA CORP, CIK 1675149 on EDGAR
Extract generated
November 4, 2026
Withheld
2 line-years whose four quarters do not sum to the filed year: net income FY2017, income tax FY2023
Repaired
1 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: other income FY2025
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax, SalesRevenueNet
Cost of revenue: not filed
Gross profit: not filed
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: not filed
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/AA.json