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Andersen Group (ANDG) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Andersen Group (ANDG) Q2 2026 earnings results →
Q2 2026 Revenue up 24% year over year to $218M · 5¢ of every $1 of revenue lost · operating margin -4.1%
Andersen Group made $218M in Q2 2026 (+24% Y/Y): Private Client Services $102M, Business Tax Services $85.4M, Alternative Investment Funds $17.7M. Operating margin -4.1%, net loss $10.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $217.7M in Q2 2026, up 24% year over year and down 10% from the previous quarter. Private Client Services was the largest line at 47% of revenue. Business Tax Services added $23.0M year over year (up 37%), 55% of the total change.
Operating costs exceeded revenue by $8.9M, an operating margin of -4.1%. Total costs fell 19% while revenue rose 24%. The fastest-growing cost line was Other operating costs (+24%). The quarter ended with a net loss of $10.1M, after a profit of $17.7M the previous quarter. Minority interests bore $9.1M of it: to shareholders the quarter was a loss of $1.0M.
Operating cash flow was $69.7M (up 38% year over year). Non-cash charges added back $2.5M of depreciation and amortization and $48.3M of share-based compensation. Working capital and other items added $29.0M. Capital expenditures of $9.1M left free cash flow of $60.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $218M | +24% | -4.1% | −$10.1M | $69.7M |
| Q1 2026 | 10-Q | May 12, 2026 | $241M | +16% | 10.0% | $494K | −$3.9M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Andersen Group
Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors. We are a leading provider of independent tax, valuation and financial advisory services to individuals and family offices, businesses and institutional clients in the United States. We have strategically expanded our business to build an integrated platform of service offerings that enables us to solve our clients’ most complex tax and financial challenges.
In its own words, from its 10-K, filed Mar 27, 2026.
Andersen Group against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +13%. Operating margin: -4.1% against the peers' median 9.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ANDG Andersen Group | Q2 2026 | $218M | +24% | -4.1% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: Andersen Group 10-Q on SEC EDGAR · CIK 2065708 · Services-Business Services, NEC
13F: who owns ANDG and who is buying
More on ANDG
History
Every quarter: Q2 2026 results · Q1 2026 results