Filing Flows › First Horizon (FHN) › Q2 2026
First Horizon (FHN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
First Horizon (FHN) reported revenue of $887M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +3% from the quarter before. Operating margin was 38.3%, net earnings $270M (30.4% of revenue).
First Horizon, Q2 2026: revenue $887M (+7% year over year), operating margin 38.3%, net earnings $270M, operating cash flow $585M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $887M | +3% | +7% |
| Operating profit | $340M | -0.6% | +10% |
| Net earnings | $270M | +3% | +12% |
| Operating cash flow | $585M | +110% | +605% |
| Free cash flow | $566M | +110% | +665% |
What changed
Revenue was $887.0M in Q2 2026, up 7% year over year and up 3% from the previous quarter.
Operating profit was $340.0M, a 38.3% margin (up 1.1 points year over year). Of the extra revenue versus Q2 2025, 54% reached operating profit, above the 37% margin then. Total costs grew 5% against revenue growth of 7%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $270.0M, up 12% year over year. The effective tax rate was 19.4%.
Operating cash flow was $585.0M (up 605% year over year), 214% of net earnings. Non-cash charges added back $20.0M of depreciation and amortization and $14.0M of share-based compensation. Working capital and other items added $277.0M. Capital expenditures of $19.0M left free cash flow of $566.0M.
Questions
What was First Horizon's revenue in the second quarter 2026?
First Horizon (FHN) reported revenue of $887M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +3% from the quarter before.
Was First Horizon profitable in the second quarter 2026?
Operating profit was $340M (38.3% of revenue) and net earnings $270M.
Source: First Horizon 10-Q on SEC EDGAR.