Filing Flows › Franco Nevada (FNV) › Q2 2026 › vs Q2 2025
Franco Nevada (FNV) Q2 2026 vs Q2 2025 (year over year)
Franco Nevada's revenue rose $212M (+57%) from $369M in Q2 2025 to $581M in Q2 2026. Gross margin 77.6% against 73.6% (+4.0 pts).
Franco Nevada, Q2 2026: revenue $581M (+57% year over year), operating margin 76.7%, net earnings $354M, operating cash flow $482M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 77.6% | 73.6% | +4.0 pts |
| Operating margin | 76.7% | 82.8% | -6.1 pts |
| Net margin | 60.9% | 66.9% | -6.0 pts |
| Free cash flow margin | 83.0% | 116.5% | -33.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $581M | $369M | $212M | +57% |
| Gross profit | $451M | $272M | $179M | +66% |
| Cost of revenue | $130M | $97.5M | $32.4M | +33% |
| Other income, net | $13.2M | $9.9M | $3.3M | +33% |
| Operating profit | $446M | $306M | $140M | +46% |
| Operating expenses | $5.3M | $0 | $5.3M | — |
| Pre-tax earnings | $459M | $316M | $143M | +45% |
| Net earnings | $354M | $247M | $107M | +43% |
| Income tax | $105M | $68.6M | $36.3M | +53% |
| Working capital & other | $128M | $118M | $10.3M | +9% |
| Operating cash flow | $482M | $430M | $52.2M | +12% |
| Free cash flow (OCF − capex) | $482M | $430M | $52.2M | +12% |
| Capital expenditures | $100K | $100K | $0 | 0% |
Questions
How much did Franco Nevada's revenue grow year over year in Q2 2026?
Franco Nevada's revenue rose $212M (+57%) from $369M in Q2 2025 to $581M in Q2 2026. Gross margin 77.6% against 73.6% (+4.0 pts).