Power Corp. Reports $1.006B Q3 Net Earnings

The Canadian financial holding company's third-quarter profit rose more than $300 million from a year earlier.

Updated on Nov. 12, 2026 in Corporate Finance

Power Corp. Reports $1.006B Q3 Net Earnings

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Power Corp. reported third-quarter net earnings of $1.006 billion, with earnings per share of $1.60, up from $1.10 in the same period a year earlier. Its subsidiary Wealthsimple Inc. saw assets under administration climb to $169 billion, a one-year increase of nearly 68%.

Why it matters

The results point to strong performance across Power Corp.'s wealth and insurance holdings, which are closely watched by Canadian investors. Growth at Wealthsimple, which serves 3.8 million clients, reflects continued expansion of digital investing among Canadians.

Power Corp.'s third-quarter net earnings rose by more than $300 million year over year, while Wealthsimple's assets under administration reached $169 billion, up nearly 68% from a year earlier. Forward-looking guidance for subsequent quarters was not provided in the source data.

The players

Power Corp.

Power Corp. is a Montreal-based international management and holding company with interests in financial services across insurance, wealth management and asset management.

Wealthsimple Inc.

Wealthsimple Inc. is a Canadian fintech company offering digital investing, savings and tax-filing products to retail clients.

The details

Power Corp. reported third-quarter net earnings of $1.006 billion, with Great-West Life adjusted net earnings of $1.323 billion and IGM Financial earnings of $351.1 million. Great-West Lifeco and IGM Financial report base earnings, a non-IFRS measure that excludes market fluctuations, changes to actuarial assumptions and restructuring costs.

Q3 2025: Prior-year third-quarter comparison period for earnings.
Third quarter 2026: Power Corp. reported net earnings of $1.006 billion.
End of third quarter 2026: Wealthsimple assets under administration reached $169 billion.

Market Dynamics

The quarter's results show Canadian financial holding companies continuing to post year-over-year earnings growth through their insurance and wealth management arms. Wealthsimple's rapid asset growth also reflects the continuing expansion of digital investment platforms in Canada.

Investors holding shares in Power Corp. or its subsidiaries can use these quarterly figures to assess earnings trends against prior periods. Retail investors using digital platforms may also note Wealthsimple's growth in assets under administration as an indicator of the platform's scale.

The takeaway

Quarterly earnings growth at Power Corp. and its subsidiaries signals steady performance across Canada's financial services sector. Readers tracking their own investments can compare these year-over-year figures against their portfolio holdings.