Filing Flows › APi Group (APG) › Q2 2026
APi Group (APG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
APi Group (APG) reported revenue of $2.3B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +14% from the quarter before. Operating margin was 7.8%, net earnings $99.0M (4.4% of revenue).
APi Group, Q2 2026: revenue $2.3B (+13% year over year), operating margin 7.8%, net earnings $99.0M, operating cash flow $83.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +14% | +13% |
| Gross profit | $703M | +13% | +14% |
| Operating profit | $175M | +70% | +22% |
| Net earnings | $99.0M | +74% | +29% |
| Operating cash flow | $83.0M | -2% | 0% |
| Free cash flow | $52.0M | -22% | -7% |
What changed
Revenue was $2.3B in Q2 2026, up 13% year over year and up 14% from the previous quarter. Life Safety was the largest line at 66% of revenue. Life Safety added $0.12B year over year (up 9%), 45% of the total change.
Gross margin was 31.2%, up 0.3 points from Q2 2025. Operating profit was $0.17B, a 7.8% margin (up 0.6 points year over year). Of the extra revenue versus Q2 2025, 12% reached operating profit, above the 7% margin then. Operating expenses grew 12% against revenue growth of 13%. Net earnings were $0.10B, up 29% year over year. The effective tax rate was 28.3%.
Operating cash flow was $0.08B (roughly flat year over year), 84% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.03B left free cash flow of $0.05B.
Questions
What was APi Group's revenue in the second quarter 2026?
APi Group (APG) reported revenue of $2.3B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +14% from the quarter before.
Was APi Group profitable in the second quarter 2026?
Operating profit was $175M (7.8% of revenue) and net earnings $99.0M.
Source: APi Group 10-Q on SEC EDGAR.