Filing Flows › FTI Consulting (FCN) › Q2 2026 › vs Q2 2025
FTI Consulting (FCN) Q2 2026 vs Q2 2025 (year over year)
FTI Consulting's revenue rose $49.8M (+5%) from $944M in Q2 2025 to $993M in Q2 2026. Gross margin 31.8% against 32.1% (-0.2 pts).
FTI Consulting, Q2 2026: revenue $993M (+5% year over year), operating margin 8.6%, net earnings $57.8M, operating cash flow $152M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 32.1% | -0.2 pts |
| Operating margin | 8.6% | 10.5% | -2.0 pts |
| Net margin | 5.8% | 7.6% | -1.8 pts |
| Free cash flow margin | 14.2% | 4.1% | +10.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $993M | $944M | $49.8M | +5% |
| Gross profit | $316M | $303M | $13.8M | +5% |
| Cost of revenue | $677M | $641M | $36.0M | +6% |
| Operating profit | $85.0M | $99.3M | −$14.2M | -14% |
| Operating expenses | $231M | $203M | $28.0M | +14% |
| Pre-tax earnings | $73.0M | $91.9M | −$18.9M | -21% |
| Other expense, net | $12.0M | $7.3M | $4.7M | +64% |
| Net earnings | $57.8M | $71.7M | −$13.9M | -19% |
| Income tax | $15.2M | $20.2M | −$5.1M | -25% |
| Depreciation & amortization | $12.3M | $11.3M | $956K | +8% |
| Share-based compensation | $11.4M | $9.9M | $1.5M | +15% |
| Working capital & other | $70.8M | −$37.2M | $108M | — |
| Operating cash flow | $152M | $55.7M | $96.6M | +173% |
| Free cash flow (OCF − capex) | $141M | $38.3M | $103M | +269% |
| Capital expenditures | $11.3M | $17.4M | −$6.2M | -35% |
Questions
How much did FTI Consulting's revenue grow year over year in Q2 2026?
FTI Consulting's revenue rose $49.8M (+5%) from $944M in Q2 2025 to $993M in Q2 2026. Gross margin 31.8% against 32.1% (-0.2 pts).