Filing Flows › Avery Dennison (AVY) › Q2 2026 › vs Q2 2025
Avery Dennison (AVY) Q2 2026 vs Q2 2025 (year over year)
Avery Dennison's revenue rose $242M (+11%) from $2.2B in Q2 2025 to $2.5B in Q2 2026. Gross margin 29.6% against 28.8% (+0.8 pts).
Avery Dennison, Q2 2026: revenue $2.5B (+11% year over year), operating margin 11.5%, net earnings $204M, operating cash flow $408M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 29.6% | 28.8% | +0.8 pts |
| Operating margin | 11.5% | 11.5% | -0.0 pts |
| Net margin | 8.3% | 8.5% | -0.2 pts |
| Free cash flow margin | 15.0% | 8.1% | +6.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.5B | $2.2B | $242M | +11% |
| Gross profit | $729M | $639M | $90.3M | +14% |
| Cost of revenue | $1.7B | $1.6B | $152M | +10% |
| Operating profit | $283M | $256M | $27.2M | +11% |
| Operating expenses | $447M | $384M | $63.1M | +16% |
| Pre-tax earnings | $283M | $256M | $27.2M | +11% |
| SG&A | $395M | $352M | $42.4M | +12% |
| Other operating costs | $51.9M | $31.2M | $20.7M | +66% |
| Net earnings | $204M | $189M | $15.1M | +8% |
| Income tax | $78.6M | $66.5M | $12.1M | +18% |
| Depreciation & amortization | $86.4M | $80.8M | $5.6M | +7% |
| Share-based compensation | $6.4M | $6.8M | −$400K | -6% |
| Working capital & other | $111M | −$67.8M | $179M | — |
| Operating cash flow | $408M | $209M | $199M | +95% |
| Free cash flow (OCF − capex) | $369M | $179M | $190M | +106% |
| Capital expenditures | $39.2M | $30.0M | $9.2M | +31% |
Questions
How much did Avery Dennison's revenue grow year over year in Q2 2026?
Avery Dennison's revenue rose $242M (+11%) from $2.2B in Q2 2025 to $2.5B in Q2 2026. Gross margin 29.6% against 28.8% (+0.8 pts).