Filing Flows › Comcast (CMCSA) › Q2 2026 › vs Q2 2025
Comcast (CMCSA) Q2 2026 vs Q2 2025 (year over year)
Comcast's revenue fell $373M (-1%) from $30.3B in Q2 2025 to $29.9B in Q2 2026. Operating margin 17.2% against 19.8% (-2.5 pts).
Comcast, Q2 2026: revenue $29.9B (-1% year over year), operating margin 17.2%, net earnings $3.5B, operating cash flow $8.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.2% | 19.8% | -2.5 pts |
| Net margin | 11.8% | 36.7% | -24.9 pts |
| Free cash flow margin | 15.4% | 14.8% | +0.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $29.9B | $30.3B | −$373M | -1% |
| Operating profit | $5.2B | $6.0B | −$832M | -14% |
| Costs & expenses | $24.8B | $24.3B | $459M | +2% |
| Pre-tax earnings | $4.6B | $14.6B | −$10.0B | -69% |
| Other expense, net | $548M | −$8.7B | $9.2B | — |
| Sales & marketing | $2.3B | $2.2B | $90.0M | +4% |
| Other operating costs | $22.5B | $22.2B | $369M | +2% |
| Loss borne by minority interests | $107M | $79.0M | $28.0M | +35% |
| Net earnings | $3.5B | $11.1B | −$7.6B | -68% |
| Income tax | $1.2B | $3.6B | −$2.4B | -67% |
| Depreciation & amortization | $3.7B | $4.2B | −$466M | -11% |
| Share-based compensation | $359M | $321M | $38.0M | +12% |
| Working capital & other | $519M | −$7.8B | $8.3B | — |
| Operating cash flow | $8.1B | $7.8B | $277M | +4% |
| Free Cash Flow (company-reported) | $4.6B | $4.5B | $103M | +2% |
| Capital expenditures | $2.9B | $2.7B | $223M | +8% |
| Cash paid for capitalized software and other intangible assets | $587M | $636M | −$49.0M | -8% |
Questions
How much did Comcast's revenue grow year over year in Q2 2026?
Comcast's revenue fell $373M (-1%) from $30.3B in Q2 2025 to $29.9B in Q2 2026. Operating margin 17.2% against 19.8% (-2.5 pts).