Filing Flows › International Paper (IP) › Q2 2026 › vs Q2 2025
International Paper (IP) Q2 2026 vs Q2 2025 (year over year)
International Paper's revenue fell $138M (-2%) from $6.1B in Q2 2025 to $6.0B in Q2 2026.
International Paper, Q2 2026: revenue $6.0B (-2% year over year), operating margin -0.4%, net loss $12.0M, operating cash flow $526M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $6.0B | $6.1B | −$138M | -2% |
| Income tax benefit | $15.0M | −$40.0M | $55.0M | — |
| Net loss | $12.0M | −$75.0M | $87.0M | — |
| Costs & expenses | $6.0B | $6.1B | −$111M | -2% |
| Operating costs | $6.0B | $6.0B | $4.0M | +0.1% |
| Cost of revenue | $4.3B | $4.4B | −$78.0M | -2% |
| SG&A | $564M | $525M | $39.0M | +7% |
| Other operating costs | $1.1B | $1.1B | $43.0M | +4% |
| Operating cash sources | $538M | $401M | $137M | +34% |
| Depreciation & amortization | $488M | $431M | $57.0M | +13% |
| Working capital & other | $50.0M | −$30.0M | $80.0M | — |
| Net loss absorbed | $12.0M | −$75.0M | $87.0M | — |
| Operating cash flow | $526M | $476M | $50.0M | +11% |
| Capital expenditures | $533M | $422M | $111M | +26% |
| Negative free cash flow (OCF − capex) | $7.0M | −$54.0M | $61.0M | — |
Questions
How much did International Paper's revenue grow year over year in Q2 2026?
International Paper's revenue fell $138M (-2%) from $6.1B in Q2 2025 to $6.0B in Q2 2026.