Q2 2026 Revenue up 5% year over year to $551M · 28¢ of every $1 of revenue kept as net profit · operating margin 35.6%
Kimco Realty made $551M in Q2 2026 (+5% Y/Y). Operating margin 35.6%, net earnings $153M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
Revenue$551M
Year over year+5%
Operating margin35.6%
Net earnings$153M
Operating cash flow$345M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $550.8M in Q2 2026, up 5% year over year and down 1% from the previous quarter.
Operating profit was $196.1M, a 35.6% margin (down 3.6 points year over year). Operating profit fell $9.7M even though revenue rose $25.6M versus Q2 2025, so costs grew faster than sales. Total costs grew 11% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $153.3M, down 6% year over year. The effective tax rate was 0.0%.
Operating cash flow was $345.3M (up 13% year over year), 224% of net earnings. Non-cash charges added back $149.0M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $36.2M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q2 2026
10-Q
Aug 4, 2026
$551M
+5%
35.6%
$153M
$345M
Q1 2026
10-Q
Apr 30, 2026
$558M
+4%
37.2%
$165M
$243M
Q4 2025
10-K
Feb 20, 2026
$542M
+3%
36.4%
$151M
$258M
Q3 2025
10-Q
Oct 30, 2025
$536M
+6%
34.9%
$138M
$332M
Q2 2025
10-Q
Aug 1, 2025
$525M
+5%
39.2%
$163M
$305M
Q1 2025
10-Q
May 2, 2025
$537M
+6%
33.6%
$133M
$224M
Q4 2024
10-K
Feb 21, 2025
$525M
+16%
31.7%
$166M
$240M
Charts
Latest (Q2 2026): Y/Y +5%, Q/Q -1%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q2 2026): Net income $154M, Operating cash flow $345M.+56.4% since FY2020: more shares outstanding (issuance, stock pay).Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Kimco Realty ® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area.
In its own words, from its 8-K, filed Aug 4, 2026.
Kimco Realty against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +11%. Operating margin: 35.6% against the peers' median 20.6%.