Filing Flows › Franco Nevada (FNV) › Q2 2026
Franco Nevada (FNV) Q2 2026 earnings results (second quarter 2026)
6-K filed Aug 12, 2026
Franco Nevada (FNV) reported revenue of $581M for the second quarter 2026 (Q2 2026), +57% from a year earlier. Operating margin was 76.7%, net earnings $354M (60.9% of revenue).
Franco Nevada, Q2 2026: revenue $581M (+57% year over year), operating margin 76.7%, net earnings $354M, operating cash flow $482M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $581M | — | +57% |
| Gross profit | $451M | — | +66% |
| Operating profit | $446M | — | +46% |
| Net earnings | $354M | — | +43% |
| Operating cash flow | $482M | — | +12% |
| Free cash flow | $482M | — | +12% |
What changed
Revenue was $580.9M in Q2 2026, up 57% year over year.
Gross margin was 77.6%, up 4.0 points from Q2 2025. Operating profit was $445.7M, a 76.7% margin (down 6.1 points year over year). Of the extra revenue versus Q2 2025, 66% reached operating profit, below the 83% margin then. Net earnings were $354.0M, up 43% year over year. The effective tax rate was 22.9%.
Operating cash flow was $482.5M (up 12% year over year), 136% of net earnings. Working capital and other items added $128.5M. Capital expenditures of $100K left free cash flow of $482.4M.
Questions
What was Franco Nevada's revenue in the second quarter 2026?
Franco Nevada (FNV) reported revenue of $581M for the second quarter 2026 (Q2 2026), +57% from a year earlier.
Was Franco Nevada profitable in the second quarter 2026?
Operating profit was $446M (76.7% of revenue) and net earnings $354M.
Source: Franco Nevada 6-K on SEC EDGAR.