Filing Flows › First Horizon (FHN) › Q1 2026
First Horizon (FHN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
First Horizon (FHN) reported revenue of $862M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -3% from the quarter before. Operating margin was 39.7%, net earnings $262M (30.4% of revenue).
First Horizon, Q1 2026: revenue $862M (+6% year over year), operating margin 39.7%, net earnings $262M, operating cash flow $278M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $862M | -3% | +6% |
| Operating profit | $342M | -0.3% | +20% |
| Net earnings | $262M | 0% | +20% |
| Operating cash flow | $278M | -30% | -20% |
| Free cash flow | $270M | -31% | -21% |
What changed
Revenue was $862.0M in Q1 2026, up 6% year over year and down 3% from the previous quarter.
Operating profit was $342.0M, a 39.7% margin (up 4.6 points year over year). Of the extra revenue versus Q1 2025, 114% reached operating profit, above the 35% margin then. Total costs fell 1% while revenue rose 6%. Net earnings were $262.0M, up 20% year over year. The effective tax rate was 22.2%.
Operating cash flow was $278.0M (down 20% year over year), 105% of net earnings. Non-cash charges added back $22.0M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items used $23.0M. Capital expenditures of $8.0M left free cash flow of $270.0M.
Questions
What was First Horizon's revenue in the first quarter 2026?
First Horizon (FHN) reported revenue of $862M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -3% from the quarter before.
Was First Horizon profitable in the first quarter 2026?
Operating profit was $342M (39.7% of revenue) and net earnings $262M.
Source: First Horizon 10-Q on SEC EDGAR.