Filing Flows › Hasbro (HAS) › Q2 2026 › vs Q1 2026
Hasbro (HAS) Q2 2026 vs Q1 2026 (quarter over quarter)
Hasbro's revenue rose $177M (+16%) from $1.1B in Q1 2026 to $1.3B in Q2 2026. The biggest changes: Grow Brands +$117M (+15%); Other revenues +$38.0M (+34%); Optimize Brands +$24.8M (+20%). Operating margin 19.6% against 24.3% (-4.7 pts).
Hasbro, Q2 2026: revenue $1.3B (+14% year over year), operating margin 19.6%, net earnings $161M, operating cash flow $267M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.6% | 24.3% | -4.7 pts |
| Net margin | 12.5% | 17.9% | -5.4 pts |
| Free cash flow margin | 19.2% | 28.3% | -9.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Grow Brands | $905M | $788M | $117M | +15% |
| Optimize Brands | $152M | $127M | $24.8M | +20% |
| Reinvent Brands | $83.0M | $85.8M | −$2.8M | -3% |
| Other revenues | $151M | $113M | $38.0M | +34% |
| Revenue | $1.3B | $1.1B | $177M | +16% |
| Operating profit | $252M | $270M | −$17.8M | -7% |
| Costs & expenses | $1.0B | $843M | $195M | +23% |
| Pre-tax earnings | $209M | $244M | −$35.4M | -15% |
| Other expense, net | $43.8M | $26.2M | $17.6M | +67% |
| Cost of revenue | $272M | $236M | $36.3M | +15% |
| Research & development | $93.6M | $78.0M | $15.6M | +20% |
| SG&A | $339M | $259M | $79.6M | +31% |
| Other operating costs | $333M | $270M | $63.7M | +24% |
| Net earnings | $161M | $200M | −$38.2M | -19% |
| Income tax | $47.4M | $44.6M | $2.8M | +6% |
| Depreciation & amortization | $32.0M | $25.9M | $6.1M | +24% |
| Share-based compensation | $25.3M | $21.1M | $4.2M | +20% |
| Working capital & other | $48.1M | $91.2M | −$43.1M | -47% |
| Operating cash flow | $267M | $338M | −$71.0M | -21% |
| Free cash flow (OCF − capex) | $248M | $316M | −$67.8M | -21% |
| Capital expenditures | $19.0M | $22.2M | −$3.2M | -14% |
Questions
How much did Hasbro's revenue grow quarter over quarter in Q2 2026?
Hasbro's revenue rose $177M (+16%) from $1.1B in Q1 2026 to $1.3B in Q2 2026.
What drove Hasbro's revenue change in Q2 2026?
Grow Brands +$117M (+15%); Other revenues +$38.0M (+34%); Optimize Brands +$24.8M (+20%).