Aramark has secured more than $1.6 billion of new client wins through the first three quarters of fiscal 2026, an increase of 51% from the comparable period a year earlier, while client retention reached a record approximately 98%.
The combination of new customer additions and high retention contributed to 9% year-over-year Q3 revenue growth and 9% organic revenue growth. Aramark said revenue would have grown approximately 11% without the calendar impact resulting from the 53rd week in fiscal 2025.
Quarterly revenue reached approximately $5.06 billion compared with $4.63 billion a year earlier. FSS United States revenue increased 8% to approximately $3.50 billion, while FSS International revenue rose 13% to approximately $1.56 billion.
Operating income increased 18% to $216 million, while Adjusted Operating Income increased 13% to $261 million. Excluding the calendar shift, Aramark estimates operating income would have increased approximately 29% and Adjusted Operating Income would have grown approximately 21%.
The company’s growth spans sports, leisure and corrections, business and industry, healthcare and international operations. In the U.S., Aramark highlighted higher fan attendance and per-capita spending in Sports & Entertainment, including activity around FIFA World Cup matches and the NBA and NHL playoffs.
Aramark is also expanding into AI data center hospitality through its Aramark Nexus platform. The company began operations at its first Texas site supporting a top global hyperscaler, is mobilizing a second location and anticipates additional sites. It also signed a multi-year agreement with a major AI data center colocation provider to serve workforce communities across multiple locations in Texas and Wyoming.
The business momentum led Aramark to increase its fiscal 2026 organic revenue growth outlook to 9% to 10%, compared with its previous expectation at the high end of 7% to 9%. Adjusted Operating Income growth remains targeted at 12% to 17%, adjusted EPS growth at 20% to 25%, and year-end leverage below 3x.
Aramark ended Q3 with more than $1.4 billion of cash availability and subsequently repaid approximately $100 million of 2028 term loans. The company has also repurchased more than 5 million shares for approximately $194 million since launching its current repurchase program.
KEY QUOTE:
“The company delivered another impressive quarter of strong top and bottom-line results. We continue to build on the momentum across the portfolio, including industry-leading client retention, broad-based revenue growth in the U.S. and International, record levels of new client wins, and the continued expansion of Aramark Nexus.”
John Zillmer, Chief Executive Officer Of Aramark
