Filing Flows › First Horizon (FHN) › Q2 2026 › vs Q1 2026
First Horizon (FHN) Q2 2026 vs Q1 2026 (quarter over quarter)
First Horizon's revenue rose $25.0M (+3%) from $862M in Q1 2026 to $887M in Q2 2026. Operating margin 38.3% against 39.7% (-1.3 pts).
First Horizon, Q2 2026: revenue $887M (+7% year over year), operating margin 38.3%, net earnings $270M, operating cash flow $585M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 38.3% | 39.7% | -1.3 pts |
| Net margin | 30.4% | 30.4% | +0.0 pts |
| Free cash flow margin | 63.8% | 31.3% | +32.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $887M | $862M | $25.0M | +3% |
| Operating profit | $340M | $342M | −$2.0M | -0.6% |
| Costs & expenses | $547M | $520M | $27.0M | +5% |
| Pre-tax earnings | $340M | $342M | −$2.0M | -0.6% |
| Sales & marketing | $17.0M | $10.0M | $7.0M | +70% |
| Other operating costs | $530M | $510M | $20.0M | +4% |
| Net earnings | $270M | $262M | $8.0M | +3% |
| Minority interests | $4.0M | $4.0M | $0 | 0% |
| Income tax | $66.0M | $76.0M | −$10.0M | -13% |
| Depreciation & amortization | $20.0M | $22.0M | −$2.0M | -9% |
| Share-based compensation | $14.0M | $13.0M | $1.0M | +8% |
| Working capital & other | $281M | −$19.0M | $300M | — |
| Operating cash flow | $585M | $278M | $307M | +110% |
| Free cash flow (OCF − capex) | $566M | $270M | $296M | +110% |
| Capital expenditures | $19.0M | $8.0M | $11.0M | +138% |
Questions
How much did First Horizon's revenue grow quarter over quarter in Q2 2026?
First Horizon's revenue rose $25.0M (+3%) from $862M in Q1 2026 to $887M in Q2 2026. Operating margin 38.3% against 39.7% (-1.3 pts).