Filing Flows › FTI Consulting (FCN) › Q1 2026
FTI Consulting (FCN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
FTI Consulting (FCN) reported revenue of $983M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.7% from the quarter before. Operating margin was 8.5%, net earnings $57.6M (5.9% of revenue).
FTI Consulting, Q1 2026: revenue $983M (+10% year over year), operating margin 8.5%, net earnings $57.6M, operating cash flow −$310M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $983M | -0.7% | +9% |
| Gross profit | $307M | -0.3% | +6% |
| Operating profit | $83.9M | -10% | +7% |
| Net earnings | $57.6M | +6% | -7% |
| Operating cash flow | −$310M | -186% | — |
What changed
Revenue was $983.3M in Q1 2026, up 9% year over year and down 1% from the previous quarter.
Gross margin was 31.2%, down 1.0 points from Q1 2025. Operating profit was $83.9M, a 8.5% margin (down 0.2 points year over year). Of the extra revenue versus Q1 2025, 6% reached operating profit, below the 9% margin then. Operating expenses grew 6% against revenue growth of 9%. Net earnings were $57.6M, down 7% year over year. The effective tax rate was 26.6%.
Operating cash flow was −$310.0M. Non-cash charges added back $12.3M of depreciation and amortization and $10.6M of share-based compensation. Working capital and other items used $390.6M. Capital expenditures of $10.6M exceeded it, leaving free cash flow of −$320.6M.
Questions
What was FTI Consulting's revenue in the first quarter 2026?
FTI Consulting (FCN) reported revenue of $983M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.7% from the quarter before.
Was FTI Consulting profitable in the first quarter 2026?
Operating profit was $83.9M (8.5% of revenue) and net earnings $57.6M.
Source: FTI Consulting 10-Q on SEC EDGAR.