Filing Flows › Imperial Oil (IMO) › Q2 2026 › vs Q1 2026
Imperial Oil (IMO) Q2 2026 vs Q1 2026 (quarter over quarter)
Imperial Oil's revenue rose $3.6B (+29%) from $12.4B in Q1 2026 to $16.1B in Q2 2026. Operating margin 17.8% against 9.9% (+7.9 pts).
Imperial Oil, Q2 2026: revenue $16.1B (+43% year over year), operating margin 17.8%, net earnings $2.2B, operating cash flow $2.7B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 17.8% | 9.9% | +7.9 pts |
| Net margin | 13.6% | 7.6% | +6.1 pts |
| Free cash flow margin | 13.5% | 2.3% | +11.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $16.1B | $12.4B | $3.6B | +29% |
| Operating profit | $2.9B | $1.2B | $1.6B | +132% |
| Costs & expenses | $13.2B | $11.2B | $2.0B | +18% |
| Pre-tax earnings | $2.9B | $1.2B | $1.6B | +132% |
| SG&A | $144M | $397M | −$253M | -64% |
| Other operating costs | $13.1B | $10.8B | $2.2B | +21% |
| Net earnings | $2.2B | $940M | $1.2B | +133% |
| Income tax | $670M | $292M | $378M | +129% |
| Depreciation & amortization | $511M | $520M | −$9.0M | -2% |
| Working capital & other | $3.0M | −$704M | $707M | — |
| Operating cash flow | $2.7B | $756M | $1.9B | +258% |
| Free cash flow (OCF − capex) | $2.2B | $281M | $1.9B | +674% |
| Capital expenditures | $530M | $475M | $55.0M | +12% |
Questions
How much did Imperial Oil's revenue grow quarter over quarter in Q2 2026?
Imperial Oil's revenue rose $3.6B (+29%) from $12.4B in Q1 2026 to $16.1B in Q2 2026. Operating margin 17.8% against 9.9% (+7.9 pts).