Filing Flows › FMC (FMC) › Q2 2026 › vs Q2 2025
FMC (FMC) Q2 2026 vs Q2 2025 (year over year)
FMC's revenue fell $183M (-17%) from $1.1B in Q2 2025 to $867M in Q2 2026. The biggest changes: Insecticides −$102M (-19%); Herbicides −$57.8M (-15%); Other −$23.2M (-97%).
FMC, Q2 2026: revenue $867M (-18% year over year), operating margin -13.8%, net loss $186M, operating cash flow $363M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 41.3% | 4.8% | +36.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Insecticides | $424M | $525M | −$102M | -19% |
| Herbicides | $318M | $376M | −$57.8M | -15% |
| Fungicides | $88.4M | $80.4M | $8.0M | +10% |
| Plant Health | $36.3M | $44.9M | −$8.6M | -19% |
| Other | $700K | $23.9M | −$23.2M | -97% |
| Revenue | $867M | $1.1B | −$183M | -17% |
| Income tax benefit | $1.5M | −$14.4M | $15.9M | — |
| Net loss | $186M | −$67.8M | $254M | — |
| Costs & expenses | $1.1B | $1.1B | $4.4M | +0.4% |
| Operating costs | $987M | $924M | $62.7M | +7% |
| Interest & other, net | $68.1M | $44.2M | $23.9M | +54% |
| Cost of revenue | $525M | $644M | −$119M | -19% |
| Research & development | $60.4M | $66.4M | −$6.0M | -9% |
| SG&A | $179M | $177M | $2.3M | +1% |
| Other operating costs | $222M | $36.7M | $186M | +506% |
| Operating cash sources | $549M | −$1.9M | $551M | — |
| Depreciation & amortization | $41.1M | $43.4M | −$2.3M | -5% |
| Share-based compensation | $7.7M | $6.9M | $800K | +12% |
| Working capital & other | $500M | −$52.2M | $553M | — |
| Net loss absorbed | $186M | −$67.8M | $254M | — |
| Operating cash flow | $363M | $65.9M | $297M | +451% |
| Free cash flow (OCF − capex) | $358M | $50.9M | $307M | +603% |
| Capital expenditures | $5.3M | $15.0M | −$9.7M | -65% |
Questions
How much did FMC's revenue grow year over year in Q2 2026?
FMC's revenue fell $183M (-17%) from $1.1B in Q2 2025 to $867M in Q2 2026.
What drove FMC's revenue change in Q2 2026?
Insecticides −$102M (-19%); Herbicides −$57.8M (-15%); Other −$23.2M (-97%).