Filing Flows › Forrester Research (FORR) › Q2 2026 › vs Q2 2025
Forrester Research (FORR) Q2 2026 vs Q2 2025 (year over year)
Forrester Research's revenue fell $11.4M (-10%) from $112M in Q2 2025 to $100M in Q2 2026. The biggest changes: Research Services −$6.2M (-8%); Consulting Services Revenue −$3.5M (-15%); Events Revenue −$1.8M (-17%). Operating margin 3.4% against 6.2% (-2.8 pts).
Forrester Research, Q2 2026: revenue $100M (-10% year over year), operating margin 3.4%, net earnings $15.3M, operating cash flow −$555K. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.4% | 6.2% | -2.8 pts |
| Net margin | 15.2% | 3.5% | +11.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Research Services | $71.7M | $77.9M | −$6.2M | -8% |
| Consulting Services Revenue | $20.0M | $23.5M | −$3.5M | -15% |
| Events Revenue | $8.5M | $10.2M | −$1.8M | -17% |
| Revenue | $100M | $112M | −$11.4M | -10% |
| Operating profit | $3.4M | $7.0M | −$3.6M | -51% |
| Costs & expenses | $96.8M | $105M | −$7.9M | -8% |
| Pre-tax earnings | $2.9M | $7.1M | −$4.2M | -59% |
| Other expense, net | $485K | −$160K | $645K | — |
| Cost of revenue | $43.7M | $49.7M | −$5.9M | -12% |
| SG&A | $50.4M | $55.1M | −$4.7M | -9% |
| Income tax benefit | $12.3M | −$3.2M | $15.5M | — |
| Net earnings | $15.3M | $3.9M | $11.3M | +290% |
| Operating cash sources | $22.0M | $15.4M | $6.6M | +43% |
| Depreciation & amortization | $3.3M | $3.9M | −$601K | -16% |
| Share-based compensation | $2.9M | $4.0M | −$1.1M | -27% |
| Cash used in operations | $555K | $3.6M | −$3.1M | -85% |
| Working capital & other | $22.0M | $15.4M | $6.6M | +43% |
Questions
How much did Forrester Research's revenue grow year over year in Q2 2026?
Forrester Research's revenue fell $11.4M (-10%) from $112M in Q2 2025 to $100M in Q2 2026.
What drove Forrester Research's revenue change in Q2 2026?
Research Services −$6.2M (-8%); Consulting Services Revenue −$3.5M (-15%); Events Revenue −$1.8M (-17%).