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Filing Flows › GSK (GSK) › Q2 2026 › vs Q2 2025

GSK (GSK) Q2 2026 vs Q2 2025 (year over year)

GSK's revenue rose $423M (+5%) from $8.0B in Q2 2025 to $8.4B in Q2 2026. Gross margin 73.1% against 72.9% (+0.2 pts).

GSK, Q2 2026: revenue $8.4B (+5% year over year), operating margin 5.7%, net earnings $435M. The chart draws each line against Q2 2025, the increases inside each band.

GSK: what changed, Q2 2026 vs Q2 2025GSK: what changed, Q2 2026 vs Q2 2025Operating expenses$1.9BOperating profit−$1.5BPre-tax earnings−$1.5BResearch & development$1.4BNet earnings−$1.0BIncome tax benefit$440MOther operating costs$422MGross profit$322MCost of revenue$101MMinority interests−$85.0M

Margins

Q2 2026Q2 2025Change
Gross margin73.1%72.9%+0.2 pts
Operating margin5.7%25.3%-19.6 pts
Net margin5.2%18.1%-12.9 pts

Every line

LineQ2 2026Q2 2025Change%
Revenue$8.4B$8.0B$423M+5%
Gross profit$6.1B$5.8B$322M+6%
Cost of revenue$2.3B$2.2B$101M+5%
Operating profit$481M$2.0B−$1.5B-76%
Operating expenses$5.7B$3.8B$1.9B+49%
Pre-tax earnings$354M$1.9B−$1.5B-81%
Other expense, net$127M$136M−$9.0M-7%
Research & development$3.5B$2.0B$1.4B+71%
Other operating costs$2.2B$1.8B$422M+24%
Income tax benefit$199M−$241M$440M—
Net earnings$435M$1.4B−$1.0B-70%
Minority interests$118M$203M−$85.0M-42%

Questions

How much did GSK's revenue grow year over year in Q2 2026?

GSK's revenue rose $423M (+5%) from $8.0B in Q2 2025 to $8.4B in Q2 2026. Gross margin 73.1% against 72.9% (+0.2 pts).

Q2 2026 results → · Compare in the interactive Sankey →