Filing Flows › Kenvue (KVUE) › Q2 2026 › vs Q2 2025
Kenvue (KVUE) Q2 2026 vs Q2 2025 (year over year)
Kenvue's revenue rose $116M (+3%) from $3.8B in Q2 2025 to $4.0B in Q2 2026. The biggest changes: Skin Health and Beauty +$54.0M (+5%); Self Care +$34.0M (+2%); Essential Health +$28.0M (+2%). Gross margin 58.2% against 58.9% (-0.7 pts).
Kenvue, Q2 2026: revenue $4.0B (+3% year over year), operating margin 17.7%, net earnings $456M, operating cash flow $688M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 58.2% | 58.9% | -0.7 pts |
| Operating margin | 17.7% | 18.0% | -0.4 pts |
| Net margin | 11.5% | 10.9% | +0.6 pts |
| Free cash flow margin | 15.8% | 13.9% | +1.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Self Care | $1.6B | $1.6B | $34.0M | +2% |
| Essential Health | $1.3B | $1.2B | $28.0M | +2% |
| Skin Health and Beauty | $1.1B | $1.1B | $54.0M | +5% |
| Revenue | $4.0B | $3.8B | $116M | +3% |
| Gross profit | $2.3B | $2.3B | $40.0M | +2% |
| Cost of revenue | $1.7B | $1.6B | $76.0M | +5% |
| Operating profit | $699M | $692M | $7.0M | +1% |
| Operating expenses | $1.6B | $1.6B | $33.0M | +2% |
| Pre-tax earnings | $598M | $588M | $10.0M | +2% |
| Other expense, net | $101M | $104M | −$3.0M | -3% |
| Net earnings | $456M | $420M | $36.0M | +9% |
| Income tax | $142M | $168M | −$26.0M | -15% |
| Depreciation & amortization | $145M | $142M | $3.0M | +2% |
| Share-based compensation | $32.0M | $37.0M | −$5.0M | -14% |
| Working capital & other | $55.0M | $22.0M | $33.0M | +150% |
| Operating cash flow | $688M | $621M | $67.0M | +11% |
| Free cash flow (OCF − capex) | $624M | $533M | $91.0M | +17% |
| Capital expenditures | $64.0M | $88.0M | −$24.0M | -27% |
Questions
How much did Kenvue's revenue grow year over year in Q2 2026?
Kenvue's revenue rose $116M (+3%) from $3.8B in Q2 2025 to $4.0B in Q2 2026.
What drove Kenvue's revenue change in Q2 2026?
Skin Health and Beauty +$54.0M (+5%); Self Care +$34.0M (+2%); Essential Health +$28.0M (+2%).