Filing Flows › Herbalife (HLF) › Q1 2026
Herbalife (HLF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Herbalife (HLF) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before. Operating margin was 10.5%, net earnings $61.2M (4.6% of revenue).
Herbalife, Q1 2026: revenue $1.3B (+8% year over year), operating margin 10.5%, net earnings $61.2M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +3% | +8% |
| Gross profit | $1.0B | +3% | +7% |
| Operating profit | $138M | +39% | +13% |
| Net earnings | $61.2M | -28% | +21% |
| Operating cash flow | $114M | +16% | 569× |
| Free cash flow | $103M | +29% | — |
What changed
Revenue was $1.3B in Q1 2026, up 8% year over year and up 3% from the previous quarter.
Gross margin was 77.9%, down 0.4 points from Q1 2025. Operating profit was $0.14B, a 10.5% margin (up 0.5 points year over year). Of the extra revenue versus Q1 2025, 16% reached operating profit, above the 10% margin then. Operating expenses grew 6% against revenue growth of 8%. Net earnings were $0.06B, up 23% year over year. The effective tax rate was 33.2%.
Operating cash flow was $0.11B (up 56800% year over year), 186% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $0.01B left free cash flow of $0.10B.
Questions
What was Herbalife's revenue in the first quarter 2026?
Herbalife (HLF) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before.
Was Herbalife profitable in the first quarter 2026?
Operating profit was $138M (10.5% of revenue) and net earnings $61.2M.
Source: Herbalife 10-Q on SEC EDGAR.