Filing Flows › Invitation Homes (INVH) › Q2 2026
Invitation Homes (INVH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Invitation Homes (INVH) reported revenue of $748M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +2% from the quarter before. Operating margin was 12.0%, net earnings $219M (29.3% of revenue).
Invitation Homes, Q2 2026: revenue $748M (+10% year over year), operating margin 12.0%, net earnings $219M, operating cash flow $384M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $748M | +2% | +10% |
| Operating profit | $90.0M | +13% | -12% |
| Net earnings | $219M | +36% | +55% |
| Operating cash flow | $384M | +31% | +0.3% |
What changed
Revenue was $747.5M in Q2 2026, up 10% year over year and up 2% from the previous quarter.
Operating profit was $90.0M, a 12.0% margin (down 2.9 points year over year). Operating profit fell $11.8M even though revenue rose $66.1M versus Q2 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 10%. The fastest-growing cost line was General & admin (+24%). Net earnings were $218.8M, up 55% year over year. The effective tax rate was 0.0%. Non-operating items added $129.6M, 59% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $383.6M (roughly flat year over year), 175% of net earnings. Non-cash charges added back $197.0M of depreciation and amortization and $9.3M of share-based compensation. Working capital and other items used $42.4M.
Questions
What was Invitation Homes' revenue in the second quarter 2026?
Invitation Homes (INVH) reported revenue of $748M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +2% from the quarter before.
Was Invitation Homes profitable in the second quarter 2026?
Operating profit was $90.0M (12.0% of revenue) and net earnings $219M.
Source: Invitation Homes 10-Q on SEC EDGAR.