Vale (VALE) earnings history
Most recent quarter
- Fiscal period
- Q2 2026
- Period end
- Jun 30, 2026
- EPS actual
- $0.32
- EPS estimate
- $0.46
- EPS surprise
- −30.77%
- Revenue surprise
- +0.24%
- Revenue
- $10.5B
- Revenue estimate
- $10.5B
- Reported
- Jul 31, 2026
Vale reported Q2 2026 results on July 31, 2026. Earnings per share were $0.32, missing the $0.46 estimate by 30.77%. Revenue was about $10.5 billion, 0.24% above consensus. Compared with Q2 2025, EPS fell 36% from $0.50, while revenue rose from about $8.8 billion. It followed a Q1 2026 miss of $0.44 against $0.52.
The table shows declining earnings. Annual EPS fell from $4.05 in 2022 to $1.83 in 2023, $1.44 in 2024 and $0.56 in 2025. Vale posted a loss in two fourth quarters: $0.16 per share in Q4 2024 and $0.90 in Q4 2025, the lowest result in the table. The high was $1.32 in Q2 2022. Quarterly revenue has ranged from about $8.1 billion to $13.1 billion. First-half 2026 revenue was about 17% above a year earlier, but EPS of $0.76 was about 8% lower. Vale beat the EPS estimate in 11 of the last 20 quarters.
Vale reported Q3 between October 25 and October 31 in each of the past five years. That points to late October 2026 for the next report. It will show whether EPS moves back toward the $0.50 to $0.63 range of Q2 and Q3 2025.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 31, 2026 | $0.46 | $0.32 | −30.77% | $10.5B | SEC |
| Q1 2026 | Apr 17, 2026 | $0.52 | $0.44 | −15.63% | $9.3B | SEC |
| Q4 2025 | Feb 13, 2026 | $0.61 | −$0.90 | −247.13% | $11.1B | SEC |
| Q3 2025 | Oct 31, 2025 | $0.51 | $0.63 | +24.53% | $10.4B | SEC |
| Q2 2025 | Aug 1, 2025 | $0.35 | $0.50 | +41.00% | $8.8B | SEC |
| Q1 2025 | Apr 25, 2025 | $0.37 | $0.33 | −10.57% | $8.1B | SEC |
| Q4 2024 | Feb 20, 2025 | $0.46 | −$0.16 | −134.62% | $10.1B | SEC |
| Q3 2024 | Oct 25, 2024 | $0.43 | $0.56 | +28.77% | $9.6B | SEC |
| Q2 2024 | Jul 26, 2024 | $0.44 | $0.65 | +48.03% | $9.9B | SEC |
| Q1 2024 | Apr 25, 2024 | $0.36 | $0.39 | +7.41% | $8.5B | SEC |
| Q4 2023 | Feb 23, 2024 | $0.96 | $0.56 | −41.91% | $13.1B | SEC |
| Q3 2023 | Oct 27, 2023 | $0.60 | $0.66 | +9.56% | $10.6B | SEC |
| Q2 2023 | Jul 28, 2023 | $0.53 | $0.20 | −62.04% | $9.7B | SEC |
| Q1 2023 | Apr 27, 2023 | $0.52 | $0.41 | −20.48% | $8.4B | SEC |
| Q4 2022 | Feb 16, 2023 | $0.61 | $0.82 | +33.99% | $11.9B | SEC |
| Q3 2022 | Oct 27, 2022 | $0.56 | $0.98 | +75.19% | $9.9B | — |
| Q2 2022 | Jul 28, 2022 | $0.80 | $1.32 | +64.73% | $11.2B | — |
| Q1 2022 | Apr 27, 2022 | $0.84 | $0.93 | +10.98% | $10.8B | — |
| Q4 2021 | Feb 25, 2022 | $0.80 | $1.07 | +33.62% | $13.1B | — |
| Q3 2021 | Oct 29, 2021 | $1.09 | $0.76 | −30.59% | $12.7B | — |
Quarterly revenue
Frequently asked questions
When did Vale (VALE) last report earnings?
Vale last reported on Jul 31, 2026, covering fiscal Q2 2026.
Did VALE beat earnings estimates?
No. Vale reported EPS of $0.32 for Q2 2026 against a $0.46 estimate — a 30.77% miss.
How much revenue did VALE report last quarter?
Vale reported $10.5B in revenue for Q2 2026, against a consensus estimate of $10.5B.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.