Filing Flows › Clarivate (CLVT) › Q2 2026 › vs Q2 2025
Clarivate (CLVT) Q2 2026 vs Q2 2025 (year over year)
Clarivate's revenue fell $34.1M (-5%) from $621M in Q2 2025 to $587M in Q2 2026. The biggest changes: Transactional and other revenues −$32.1M (-30%); Recurring Revenues −$2.0M (-0.4%).
Clarivate, Q2 2026: revenue $587M (-6% year over year), operating margin -34.1%, net loss $269M, operating cash flow $98.7M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 7.5% | 8.1% | -0.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription revenues | $403M | $406M | −$2.4M | -0.6% |
| Re-occurring Revenues | $109M | $109M | $400K | +0.4% |
| Recurring Revenues | $513M | $515M | −$2.0M | -0.4% |
| Transactional and other revenues | $74.7M | $107M | −$32.1M | -30% |
| Revenue | $587M | $621M | −$34.1M | -5% |
| Net loss | $269M | $72.0M | $197M | +273% |
| Costs & expenses | $856M | $693M | $162M | +23% |
| Operating costs | $788M | $614M | $173M | +28% |
| Interest & other, net | $60.4M | $66.6M | −$6.2M | -9% |
| Income tax | $8.0M | $12.3M | −$4.3M | -35% |
| Cost of revenue | $186M | $204M | −$18.1M | -9% |
| SG&A | $182M | $181M | $500K | +0.3% |
| Other operating costs | $420M | $230M | $191M | +83% |
| Operating cash sources | $367M | $188M | $179M | +95% |
| Depreciation & amortization | $186M | $191M | −$5.2M | -3% |
| Share-based compensation | $15.2M | $18.6M | −$3.4M | -18% |
| Working capital & other | $166M | −$21.2M | $188M | — |
| Net loss absorbed | $269M | $72.0M | $197M | +273% |
| Operating cash flow | $98.7M | $116M | −$17.6M | -15% |
| Free cash flow (company-reported) | $44.0M | $50.3M | −$6.3M | -13% |
| Capital expenditures | $54.7M | $66.0M | −$11.3M | -17% |
Questions
How much did Clarivate's revenue grow year over year in Q2 2026?
Clarivate's revenue fell $34.1M (-5%) from $621M in Q2 2025 to $587M in Q2 2026.
What drove Clarivate's revenue change in Q2 2026?
Transactional and other revenues −$32.1M (-30%); Recurring Revenues −$2.0M (-0.4%).