Filing Flows › Hasbro (HAS) › Q2 2026 › vs Q2 2025
Hasbro (HAS) Q2 2026 vs Q2 2025 (year over year)
Hasbro's revenue rose $157M (+14%) from $1.1B in Q2 2025 to $1.3B in Q2 2026. The biggest changes: Grow Brands +$164M (+22%); Optimize Brands −$8.2M (-5%); Reinvent Brands +$2.7M (+3%). Operating margin 19.6% against -70.4% (+90.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.6% | -70.4% | +90.0 pts |
| Net margin | 12.5% | -75.4% | +87.9 pts |
| Free cash flow margin | 19.2% | 4.9% | +14.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Grow Brands | $905M | $741M | $164M | +22% |
| Optimize Brands | $152M | $160M | −$8.2M | -5% |
| Reinvent Brands | $83.0M | $80.3M | $2.7M | +3% |
| Other revenues | $151M | $153M | −$2.2M | -1% |
| Revenue | $1.3B | $1.1B | $157M | +14% |
| Operating profit | $252M | −$798M | $1.1B | — |
| Costs & expenses | $1.0B | $1.9B | −$894M | -46% |
| Pre-tax earnings | $209M | −$815M | $1.0B | — |
| Other expense, net | $43.8M | $16.5M | $27.3M | +165% |
| Cost of revenue | $272M | $225M | $47.1M | +21% |
| Research & development | $93.6M | $77.5M | $16.1M | +21% |
| SG&A | $339M | $283M | $55.9M | +20% |
| Other operating costs | $333M | $1.3B | −$1.0B | -75% |
| Net earnings | $161M | −$855M | $1.0B | — |
| Income tax | $47.4M | $40.0M | $7.4M | +19% |
| Depreciation & amortization | $32.0M | $31.9M | $100K | +0.3% |
| Share-based compensation | $25.3M | $12.9M | $12.4M | +96% |
| Working capital & other | $48.1M | $881M | −$833M | -95% |
| Operating cash flow | $267M | $71.3M | $195M | +274% |
| Free cash flow (OCF − capex) | $248M | $55.2M | $192M | +349% |
| Capital expenditures | $19.0M | $16.1M | $2.9M | +18% |
Questions
How much did Hasbro's revenue grow year over year in Q2 2026?
Hasbro's revenue rose $157M (+14%) from $1.1B in Q2 2025 to $1.3B in Q2 2026.
What drove Hasbro's revenue change in Q2 2026?
Grow Brands +$164M (+22%); Optimize Brands −$8.2M (-5%); Reinvent Brands +$2.7M (+3%).