Filing Flows › Agree Realty (ADC) › Q2 2026 › vs Q2 2025
Agree Realty (ADC) Q2 2026 vs Q2 2025 (year over year)
Agree Realty's revenue rose $29.6M (+17%) from $176M in Q2 2025 to $205M in Q2 2026. Operating margin 46.5% against 46.7% (-0.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.5% | 46.7% | -0.2 pts |
| Net margin | 26.7% | 28.1% | -1.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $205M | $176M | $29.6M | +17% |
| Operating profit | $95.3M | $82.0M | $13.3M | +16% |
| Costs & expenses | $110M | $93.5M | $16.3M | +17% |
| Pre-tax earnings | $55.2M | $49.8M | $5.4M | +11% |
| Other expense, net | $40.1M | $32.2M | $7.9M | +25% |
| General & admin | $12.0M | $11.3M | $626K | +6% |
| Other operating costs | $97.8M | $82.2M | $15.6M | +19% |
| Net earnings | $54.8M | $49.4M | $5.5M | +11% |
| Income tax | $375K | $425K | −$50K | -12% |
| Depreciation & amortization | $69.1M | $58.9M | $10.2M | +17% |
| Share-based compensation | $3.8M | $3.3M | $516K | +16% |
| Working capital & other | $3.3M | $8.1M | −$4.8M | -59% |
| Operating cash flow | $131M | $120M | $11.3M | +9% |
Questions
How much did Agree Realty's revenue grow year over year in Q2 2026?
Agree Realty's revenue rose $29.6M (+17%) from $176M in Q2 2025 to $205M in Q2 2026. Operating margin 46.5% against 46.7% (-0.2 pts).