Filing Flows › Goosehead Insurance (GSHD) › Q2 2026 › vs Q2 2025
Goosehead Insurance (GSHD) Q2 2026 vs Q2 2025 (year over year)
Goosehead Insurance's revenue rose $19.4M (+21%) from $94.0M in Q2 2025 to $113M in Q2 2026. The biggest changes: Commissions and agency fees +$10.8M (+28%); Franchise revenues +$8.5M (+15%). Operating margin 23.5% against 16.7% (+6.8 pts).
Goosehead Insurance, Q2 2026: revenue $113M (+21% year over year), operating margin 23.5%, net earnings $10.1M, operating cash flow $15.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.5% | 16.7% | +6.8 pts |
| Net margin | 8.9% | 5.5% | +3.4 pts |
| Free cash flow margin | 12.7% | 28.9% | -16.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Renewal Royalty Fees | $52.5M | $45.4M | $7.1M | +16% |
| Renewal Commissions | $21.0M | $23.1M | −$2.1M | -9% |
| Contingent Commissions | $15.7M | $4.5M | $11.2M | +250% |
| New Business Commissions | $9.6M | $7.6M | $2.1M | +27% |
| New Business Royalty Fees | $9.4M | $7.8M | $1.6M | +20% |
| Agency Fees | $3.1M | $2.9M | $177K | +6% |
| Initial Franchise Fees | $1.4M | $1.2M | $113K | +9% |
| Other Franchise Revenues | $576K | $1.3M | −$748K | -56% |
| Interest Income | $95K | $179K | −$84K | -47% |
| Franchise revenues | $64.1M | $55.5M | $8.5M | +15% |
| Commissions and agency fees | $49.3M | $38.5M | $10.8M | +28% |
| Revenue | $113M | $94.0M | $19.4M | +21% |
| Operating profit | $26.6M | $15.7M | $10.9M | +70% |
| Costs & expenses | $86.8M | $78.4M | $8.4M | +11% |
| Pre-tax earnings | $21.1M | $10.2M | $11.0M | +108% |
| Other expense, net | $5.5M | $5.5M | −$34K | -0.6% |
| General & admin | $28.4M | $24.6M | $3.8M | +15% |
| Other operating costs | $58.4M | $53.7M | $4.7M | +9% |
| Net earnings | $10.1M | $5.2M | $4.9M | +95% |
| Minority interests | $6.9M | $3.1M | $3.8M | +122% |
| Income tax | $4.1M | $1.9M | $2.2M | +118% |
| Depreciation & amortization | $3.5M | $2.9M | $687K | +24% |
| Share-based compensation | $4.8M | $6.0M | −$1.3M | -21% |
| Working capital & other | $2.4M | −$14.9M | $17.3M | — |
| Operating cash flow | $15.9M | $28.9M | −$13.0M | -45% |
| Free cash flow (OCF − capex) | $14.4M | $27.2M | −$12.7M | -47% |
| Capital expenditures | $1.5M | $1.7M | −$248K | -14% |
Questions
How much did Goosehead Insurance's revenue grow year over year in Q2 2026?
Goosehead Insurance's revenue rose $19.4M (+21%) from $94.0M in Q2 2025 to $113M in Q2 2026.
What drove Goosehead Insurance's revenue change in Q2 2026?
Commissions and agency fees +$10.8M (+28%); Franchise revenues +$8.5M (+15%).