Filing Flows › Five9 (FIVN) › Q2 2026 › vs Q1 2026
Five9 (FIVN) Q2 2026 vs Q1 2026 (quarter over quarter)
Five9's revenue rose $7.1M (+2%) from $305M in Q1 2026 to $312M in Q2 2026. Gross margin 53.4% against 55.9% (-2.5 pts).
Five9, Q2 2026: revenue $312M (+10% year over year), operating margin 0.6%, net earnings $3.4M, operating cash flow $42.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 53.4% | 55.9% | -2.5 pts |
| Operating margin | 0.6% | 6.1% | -5.4 pts |
| Net margin | 1.1% | 6.0% | -5.0 pts |
| Free cash flow margin | 7.8% | 19.2% | -11.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $312M | $305M | $7.1M | +2% |
| Gross profit | $167M | $171M | −$3.8M | -2% |
| Cost of revenue | $146M | $135M | $10.9M | +8% |
| Other income, net | $2.3M | $2.1M | $261K | +13% |
| Operating profit | $2.0M | $18.5M | −$16.5M | -89% |
| Operating expenses | $165M | $152M | $12.7M | +8% |
| Pre-tax earnings | $4.3M | $20.6M | −$16.3M | -79% |
| Research & development | $42.1M | $39.7M | $2.4M | +6% |
| Sales & marketing | $79.7M | $79.5M | $214K | +0.3% |
| General & admin | $43.0M | $32.9M | $10.1M | +31% |
| Net earnings | $3.4M | $18.4M | −$15.0M | -82% |
| Income tax | $941K | $2.2M | −$1.2M | -56% |
| Operating cash sources | $56.3M | $68.9M | −$12.7M | -18% |
| Depreciation & amortization | $19.9M | $17.8M | $2.1M | +12% |
| Share-based compensation | $33.0M | $32.7M | $316K | +1% |
| Working capital & other | $14.2M | $5.0M | $9.2M | +184% |
| Operating cash flow | $42.1M | $63.9M | −$21.8M | -34% |
| Free cash flow (OCF − capex) | $24.5M | $58.7M | −$34.2M | -58% |
| Capital expenditures | $17.6M | $5.3M | $12.4M | +235% |
Questions
How much did Five9's revenue grow quarter over quarter in Q2 2026?
Five9's revenue rose $7.1M (+2%) from $305M in Q1 2026 to $312M in Q2 2026. Gross margin 53.4% against 55.9% (-2.5 pts).