Filing Flows › First Horizon (FHN) › Q2 2026 › vs Q2 2025
First Horizon (FHN) Q2 2026 vs Q2 2025 (year over year)
First Horizon's revenue rose $57.0M (+7%) from $830M in Q2 2025 to $887M in Q2 2026. Operating margin 38.3% against 37.2% (+1.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 38.3% | 37.2% | +1.1 pts |
| Net margin | 30.4% | 29.0% | +1.4 pts |
| Free cash flow margin | 63.8% | 8.9% | +54.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $887M | $830M | $57.0M | +7% |
| Operating profit | $340M | $309M | $31.0M | +10% |
| Costs & expenses | $547M | $521M | $26.0M | +5% |
| Pre-tax earnings | $340M | $309M | $31.0M | +10% |
| Sales & marketing | $17.0M | $14.0M | $3.0M | +21% |
| Other operating costs | $530M | $507M | $23.0M | +5% |
| Net earnings | $270M | $241M | $29.0M | +12% |
| Minority interests | $4.0M | $4.0M | $0 | 0% |
| Income tax | $66.0M | $64.0M | $2.0M | +3% |
| Depreciation & amortization | $20.0M | $20.0M | $0 | 0% |
| Share-based compensation | $14.0M | $15.0M | −$1.0M | -7% |
| Working capital & other | $281M | −$193M | $474M | — |
| Operating cash flow | $585M | $83.0M | $502M | +605% |
| Free cash flow (OCF − capex) | $566M | $74.0M | $492M | +665% |
| Capital expenditures | $19.0M | $9.0M | $10.0M | +111% |
Questions
How much did First Horizon's revenue grow year over year in Q2 2026?
First Horizon's revenue rose $57.0M (+7%) from $830M in Q2 2025 to $887M in Q2 2026. Operating margin 38.3% against 37.2% (+1.1 pts).