Filing Flows › GEO Group (GEO) › Q2 2026 › vs Q1 2026
GEO Group (GEO) Q2 2026 vs Q1 2026 (quarter over quarter)
GEO Group's revenue rose $26.9M (+4%) from $705M in Q1 2026 to $732M in Q2 2026. The biggest changes: GEO Secure Services +$23.7M (+4%); Electronic Monitoring and Supervision Services +$1.9M (+3%); Reentry Services +$1.2M (+2%). Operating margin 13.9% against 12.7% (+1.2 pts).
GEO Group, Q2 2026: revenue $732M (+15% year over year), operating margin 13.9%, net earnings $47.5M, operating cash flow $80.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.9% | 12.7% | +1.2 pts |
| Net margin | 6.5% | 5.4% | +1.1 pts |
| Free cash flow margin | 8.1% | 19.1% | -11.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| GEO Secure Services | $583M | $560M | $23.7M | +4% |
| Electronic Monitoring and Supervision Services | $76.2M | $74.2M | $1.9M | +3% |
| Reentry Services | $72.4M | $71.2M | $1.2M | +2% |
| Revenue | $732M | $705M | $26.9M | +4% |
| Operating profit | $102M | $89.3M | $12.4M | +14% |
| Costs & expenses | $630M | $616M | $14.5M | +2% |
| Pre-tax earnings | $66.3M | $53.3M | $13.0M | +24% |
| Other expense, net | $35.4M | $36.0M | −$602K | -2% |
| General & admin | $65.5M | $60.6M | $4.9M | +8% |
| Other operating costs | $565M | $555M | $9.6M | +2% |
| Net earnings | $47.5M | $38.3M | $9.2M | +24% |
| Income tax | $18.9M | $15.0M | $3.9M | +26% |
| Depreciation & amortization | $34.2M | $33.8M | $366K | +1% |
| Share-based compensation | $4.9M | $7.8M | −$2.8M | -37% |
| Working capital & other | $6.6M | −$76.6M | $83.2M | — |
| Operating cash flow | $80.0M | $156M | −$76.5M | -49% |
| Free cash flow (OCF − capex) | $59.4M | $135M | −$75.4M | -56% |
| Capital expenditures | $20.6M | $21.7M | −$1.1M | -5% |
Questions
How much did GEO Group's revenue grow quarter over quarter in Q2 2026?
GEO Group's revenue rose $26.9M (+4%) from $705M in Q1 2026 to $732M in Q2 2026.
What drove GEO Group's revenue change in Q2 2026?
GEO Secure Services +$23.7M (+4%); Electronic Monitoring and Supervision Services +$1.9M (+3%); Reentry Services +$1.2M (+2%).