Filing Flows › FTI Consulting (FCN) › Q2 2026
FTI Consulting (FCN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
FTI Consulting (FCN) reported revenue of $993M for the second quarter 2026 (Q2 2026), +5% from a year earlier and +1% from the quarter before. Operating margin was 8.6%, net earnings $57.8M (5.8% of revenue).
FTI Consulting, Q2 2026: revenue $993M (+5% year over year), operating margin 8.6%, net earnings $57.8M, operating cash flow $152M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $993M | +1% | +5% |
| Gross profit | $316M | +3% | +5% |
| Operating profit | $85.0M | +1% | -14% |
| Net earnings | $57.8M | +0.3% | -19% |
| Operating cash flow | $152M | — | +173% |
| Free cash flow | $141M | — | +269% |
What changed
Revenue was $993.5M in Q2 2026, up 5% year over year and up 1% from the previous quarter.
Gross margin was 31.8%, down 0.2 points from Q2 2025. Operating profit was $85.0M, a 8.6% margin (down 2.0 points year over year). Operating profit fell $14.2M even though revenue rose $49.8M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 14% against revenue growth of 5%. Net earnings were $57.8M, down 19% year over year. The effective tax rate was 20.8%.
Operating cash flow was $152.3M (up 173% year over year), 263% of net earnings. Non-cash charges added back $12.3M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items added $70.8M. Capital expenditures of $11.3M left free cash flow of $141.0M.
Questions
What was FTI Consulting's revenue in the second quarter 2026?
FTI Consulting (FCN) reported revenue of $993M for the second quarter 2026 (Q2 2026), +5% from a year earlier and +1% from the quarter before.
Was FTI Consulting profitable in the second quarter 2026?
Operating profit was $85.0M (8.6% of revenue) and net earnings $57.8M.
Source: FTI Consulting 10-Q on SEC EDGAR.