Filing Flows › ADT (ADT) › Q2 2026 › vs Q2 2025
ADT (ADT) Q2 2026 vs Q2 2025 (year over year)
ADT's revenue rose $25.2M (+2%) from $1.3B in Q2 2025 to $1.3B in Q2 2026. The biggest changes: Security installation, product, and other +$33.4M (+17%); Monitoring and related services −$8.1M (-0.7%). Operating margin 24.1% against 26.6% (-2.5 pts).
ADT, Q2 2026: revenue $1.3B (+2% year over year), operating margin 24.1%, net earnings $154M, operating cash flow $666M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 24.1% | 26.6% | -2.5 pts |
| Net margin | 11.7% | 12.8% | -1.1 pts |
| Free cash flow margin | 30.8% | 15.4% | +15.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Recurring monthly revenue | $1.0B | $1.1B | −$11.4M | -1% |
| Installation and other revenue | $141M | $107M | $33.5M | +31% |
| Amortization of deferred subscriber acquisition revenue | $89.5M | $89.6M | −$81K | -0.1% |
| Other related services | $36.9M | $33.7M | $3.2M | +10% |
| Monitoring and related services | $1.1B | $1.1B | −$8.1M | -0.7% |
| Security installation, product, and other | $230M | $197M | $33.4M | +17% |
| Revenue | $1.3B | $1.3B | $25.2M | +2% |
| Operating profit | $316M | $342M | −$26.1M | -8% |
| Costs & expenses | $996M | $945M | $51.3M | +5% |
| Pre-tax earnings | $215M | $224M | −$9.3M | -4% |
| Other expense, net | $101M | $118M | −$16.8M | -14% |
| SG&A | $386M | $356M | $29.8M | +8% |
| Other operating costs | $610M | $589M | $21.6M | +4% |
| Net earnings | $154M | $165M | −$11.3M | -7% |
| Income tax | $60.8M | $58.7M | $2.1M | +4% |
| Depreciation & amortization | $347M | $339M | $8.2M | +2% |
| Share-based compensation | $18.6M | $11.6M | $6.9M | +60% |
| Working capital & other | $147M | $48.3M | $98.6M | +204% |
| Operating cash flow | $666M | $564M | $102M | +18% |
| Free Cash Flow (company-reported) | $404M | $198M | $206M | +104% |
| Dealer generated customer accounts and bulk account purchases | $137M | $224M | −$87.0M | -39% |
| Subscriber system asset expenditures | $79.0M | $104M | −$25.0M | -24% |
| Purchases of property and equipment | $46.0M | $38.0M | $8.0M | +21% |
Questions
How much did ADT's revenue grow year over year in Q2 2026?
ADT's revenue rose $25.2M (+2%) from $1.3B in Q2 2025 to $1.3B in Q2 2026.
What drove ADT's revenue change in Q2 2026?
Security installation, product, and other +$33.4M (+17%); Monitoring and related services −$8.1M (-0.7%).