Filing Flows › Five9 (FIVN) › Q2 2026 › vs Q2 2025
Five9 (FIVN) Q2 2026 vs Q2 2025 (year over year)
Five9's revenue rose $29.2M (+10%) from $283M in Q2 2025 to $312M in Q2 2026. Gross margin 53.4% against 54.9% (-1.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 53.4% | 54.9% | -1.5 pts |
| Operating margin | 0.6% | -0.6% | +1.2 pts |
| Net margin | 1.1% | 0.4% | +0.7 pts |
| Free cash flow margin | 7.8% | 11.1% | -3.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $312M | $283M | $29.2M | +10% |
| Gross profit | $167M | $155M | $11.3M | +7% |
| Cost of revenue | $146M | $128M | $17.8M | +14% |
| Other income, net | $2.3M | $4.1M | −$1.8M | -43% |
| Operating profit | $2.0M | −$1.6M | $3.5M | — |
| Operating expenses | $165M | $157M | $7.8M | +5% |
| Pre-tax earnings | $4.3M | $2.5M | $1.8M | +70% |
| Research & development | $42.1M | $39.9M | $2.2M | +5% |
| Sales & marketing | $79.7M | $80.7M | −$965K | -1% |
| General & admin | $43.0M | $36.4M | $6.6M | +18% |
| Net earnings | $3.4M | $1.2M | $2.2M | +192% |
| Income tax | $941K | $1.4M | −$441K | -32% |
| Operating cash sources | $56.3M | $57.7M | −$1.4M | -2% |
| Depreciation & amortization | $19.9M | $14.6M | $5.3M | +36% |
| Share-based compensation | $33.0M | $41.9M | −$8.9M | -21% |
| Working capital & other | $14.2M | $22.6M | −$8.4M | -37% |
| Operating cash flow | $42.1M | $35.1M | $7.0M | +20% |
| Free cash flow (OCF − capex) | $24.5M | $31.6M | −$7.1M | -23% |
| Capital expenditures | $17.6M | $3.5M | $14.1M | +404% |
Questions
How much did Five9's revenue grow year over year in Q2 2026?
Five9's revenue rose $29.2M (+10%) from $283M in Q2 2025 to $312M in Q2 2026. Gross margin 53.4% against 54.9% (-1.5 pts).