Filing Flows › Ecolab (ECL) › Q2 2026 › vs Q2 2025
Ecolab (ECL) Q2 2026 vs Q2 2025 (year over year)
Ecolab's revenue rose $390M (+10%) from $4.0B in Q2 2025 to $4.4B in Q2 2026. The biggest changes: Global Water +$246M (+12%); Global Institutional & Specialty +$76.2M (+5%); Global Life Sciences +$34.2M (+18%). Operating margin 17.2% against 17.6% (-0.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.2% | 17.6% | -0.5 pts |
| Net margin | 12.1% | 13.0% | -0.9 pts |
| Free cash flow margin | 11.1% | 12.1% | -1.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Global Water | $2.2B | $2.0B | $246M | +12% |
| Global Institutional & Specialty | $1.6B | $1.5B | $76.2M | +5% |
| Global Pest Elimination | $351M | $317M | $33.7M | +11% |
| Global Life Sciences | $220M | $186M | $34.2M | +18% |
| Revenue | $4.4B | $4.0B | $390M | +10% |
| Operating profit | $758M | $710M | $47.8M | +7% |
| Costs & expenses | $3.7B | $3.3B | $342M | +10% |
| Pre-tax earnings | $694M | $660M | $33.7M | +5% |
| Other expense, net | $64.3M | $50.2M | $14.1M | +28% |
| Cost of revenue | $2.5B | $2.2B | $247M | +11% |
| SG&A | $1.1B | $1.1B | $73.9M | +7% |
| Other operating costs | $46.4M | $24.6M | $21.8M | +89% |
| Net earnings | $535M | $524M | $10.7M | +2% |
| Minority interests | $3.8M | $4.3M | −$500K | -12% |
| Income tax | $155M | $131M | $23.5M | +18% |
| Depreciation & amortization | $269M | $242M | $27.2M | +11% |
| Share-based compensation | $34.8M | $33.7M | $1.1M | +3% |
| Working capital & other | $109M | $97.8M | $11.3M | +12% |
| Operating cash flow | $730M | $702M | $27.7M | +4% |
| Free cash flow (OCF − capex) | $489M | $485M | $4.3M | +0.9% |
| Capital expenditures | $240M | $217M | $23.4M | +11% |
Questions
How much did Ecolab's revenue grow year over year in Q2 2026?
Ecolab's revenue rose $390M (+10%) from $4.0B in Q2 2025 to $4.4B in Q2 2026.
What drove Ecolab's revenue change in Q2 2026?
Global Water +$246M (+12%); Global Institutional & Specialty +$76.2M (+5%); Global Life Sciences +$34.2M (+18%).