Filing Flows › Agree Realty (ADC) › Q2 2026 › vs Q1 2026
Agree Realty (ADC) Q2 2026 vs Q1 2026 (quarter over quarter)
Agree Realty's revenue rose $4.3M (+2%) from $201M in Q1 2026 to $205M in Q2 2026. Operating margin 46.5% against 49.1% (-2.6 pts).
Agree Realty, Q2 2026: revenue $205M (+17% year over year), operating margin 46.5%, net earnings $54.8M, operating cash flow $131M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 46.5% | 49.1% | -2.6 pts |
| Net margin | 26.7% | 31.0% | -4.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $205M | $201M | $4.3M | +2% |
| Operating profit | $95.3M | $98.6M | −$3.2M | -3% |
| Costs & expenses | $110M | $102M | $7.5M | +7% |
| Pre-tax earnings | $55.2M | $62.7M | −$7.5M | -12% |
| Other expense, net | $40.1M | $35.8M | $4.3M | +12% |
| General & admin | $12.0M | $11.5M | $481K | +4% |
| Other operating costs | $97.8M | $90.8M | $7.1M | +8% |
| Net earnings | $54.8M | $62.2M | −$7.4M | -12% |
| Income tax | $375K | $500K | −$125K | -25% |
| Depreciation & amortization | $69.1M | $66.7M | $2.4M | +4% |
| Share-based compensation | $3.8M | $3.5M | $241K | +7% |
| Working capital & other | $3.3M | $12.7M | −$9.4M | -74% |
| Operating cash flow | $131M | $145M | −$14.2M | -10% |
Questions
How much did Agree Realty's revenue grow quarter over quarter in Q2 2026?
Agree Realty's revenue rose $4.3M (+2%) from $201M in Q1 2026 to $205M in Q2 2026. Operating margin 46.5% against 49.1% (-2.6 pts).