Filing Flows › EPR Properties (EPR) › Q2 2026
EPR Properties (EPR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
EPR Properties (EPR) reported revenue of $196M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +8% from the quarter before. Operating margin was 54.6%, net earnings $67.2M (34.3% of revenue).
EPR Properties, Q2 2026: revenue $196M (+10% year over year), operating margin 54.6%, net earnings $67.2M, operating cash flow $93.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $196M | +8% | +10% |
| Operating profit | $107M | +6% | -4% |
| Net earnings | $67.2M | +7% | -11% |
| Operating cash flow | $93.2M | -18% | +7% |
What changed
Revenue was $196.1M in Q2 2026, up 10% year over year and up 8% from the previous quarter. Experiential Reportable Operating Segment was the largest line at 96% of revenue. Experiential Reportable Operating Segment added $18.2M year over year (up 11%), 101% of the total change. Education Reportable Operating Segment declined 3%.
Operating profit was $107.0M, a 54.6% margin (down 7.9 points year over year). Operating profit fell $4.2M even though revenue rose $18.0M versus Q2 2025, so costs grew faster than sales. Total costs grew 33% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+40%). Net earnings were $67.2M, down 11% year over year. The effective tax rate was 0.9%.
Operating cash flow was $93.2M (up 7% year over year), 139% of net earnings. Non-cash charges added back $48.6M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $26.9M. Capital expenditures of $421.9M exceeded it, leaving free cash flow of −$328.8M.
Questions
What was EPR Properties' revenue in the second quarter 2026?
EPR Properties (EPR) reported revenue of $196M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +8% from the quarter before.
Was EPR Properties profitable in the second quarter 2026?
Operating profit was $107M (54.6% of revenue) and net earnings $67.2M.
Source: EPR Properties 10-Q on SEC EDGAR.