Filing Flows › Gaming & Leisure Properties (GLPI) › Q2 FY26
Gaming & Leisure Properties (GLPI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jul 30, 2026
Gaming & Leisure Properties (GLPI) reported revenue of $431M for the second quarter fiscal 2026 (Q2 FY26), +9% from a year earlier and +3% from the quarter before. Operating margin was 77.2%, net earnings $228M (53.1% of revenue).
Gaming & Leisure Properties, Q2 FY26: revenue $431M (+9% year over year), operating margin 77.2%, net earnings $228M, operating cash flow $350M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $431M | +3% | +9% |
| Operating profit | $332M | -0.3% | +37% |
| Net earnings | $228M | -1% | +51% |
| Operating cash flow | $350M | +29% | +19% |
What changed
Revenue was $430.5M in Q2 FY26, up 9% year over year and up 3% from the previous quarter.
Operating profit was $332.4M, a 77.2% margin (up 15.9 points year over year). Of the extra revenue versus Q2 FY25, 253% reached operating profit, above the 61% margin then. Total costs fell 36% while revenue rose 9%. Net earnings were $228.4M, up 51% year over year. The effective tax rate was 0.3%.
Operating cash flow was $349.6M (up 19% year over year), 149% of net income including minority interests. Non-cash charges added back $70.9M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items added $39.2M.
Questions
What was Gaming & Leisure Properties' revenue in the second quarter fiscal 2026?
Gaming & Leisure Properties (GLPI) reported revenue of $431M for the second quarter fiscal 2026 (Q2 FY26), +9% from a year earlier and +3% from the quarter before.
Was Gaming & Leisure Properties profitable in the second quarter fiscal 2026?
Operating profit was $332M (77.2% of revenue) and net earnings $228M.