Filing Flows › Ecolab (ECL) › Q2 2026 › vs Q1 2026
Ecolab (ECL) Q2 2026 vs Q1 2026 (quarter over quarter)
Ecolab's revenue rose $349M (+9%) from $4.1B in Q1 2026 to $4.4B in Q2 2026. The biggest changes: Global Water +$180M (+9%); Global Institutional & Specialty +$109M (+7%); Global Pest Elimination +$40.3M (+13%). Operating margin 17.2% against 15.3% (+1.9 pts).
Ecolab, Q2 2026: revenue $4.4B (+10% year over year), operating margin 17.2%, net earnings $535M, operating cash flow $730M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 17.2% | 15.3% | +1.9 pts |
| Net margin | 12.1% | 10.6% | +1.5 pts |
| Free cash flow margin | 11.1% | 2.4% | +8.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Global Water | $2.2B | $2.0B | $180M | +9% |
| Global Institutional & Specialty | $1.6B | $1.5B | $109M | +7% |
| Global Pest Elimination | $351M | $311M | $40.3M | +13% |
| Global Life Sciences | $220M | $201M | $19.2M | +10% |
| Revenue | $4.4B | $4.1B | $349M | +9% |
| Operating profit | $758M | $622M | $136M | +22% |
| Costs & expenses | $3.7B | $3.4B | $213M | +6% |
| Pre-tax earnings | $694M | $558M | $136M | +24% |
| Other expense, net | $64.3M | $63.9M | $400K | +0.6% |
| Cost of revenue | $2.5B | $2.3B | $174M | +8% |
| SG&A | $1.1B | $1.1B | $39.2M | +4% |
| Other operating costs | $46.4M | $46.4M | $0 | 0% |
| Net earnings | $535M | $433M | $102M | +24% |
| Minority interests | $3.8M | $4.0M | −$200K | -5% |
| Income tax | $155M | $122M | $33.4M | +27% |
| Depreciation & amortization | $269M | $263M | $5.8M | +2% |
| Share-based compensation | $34.8M | $40.3M | −$5.5M | -14% |
| Working capital & other | $109M | $290M | −$181M | -62% |
| Operating cash flow | $730M | $446M | $284M | +64% |
| Free cash flow (OCF − capex) | $489M | $97.4M | $392M | +402% |
| Capital expenditures | $240M | $348M | −$108M | -31% |
Questions
How much did Ecolab's revenue grow quarter over quarter in Q2 2026?
Ecolab's revenue rose $349M (+9%) from $4.1B in Q1 2026 to $4.4B in Q2 2026.
What drove Ecolab's revenue change in Q2 2026?
Global Water +$180M (+9%); Global Institutional & Specialty +$109M (+7%); Global Pest Elimination +$40.3M (+13%).