Filing Flows › Lamar Advertising (LAMR) › Q2 2026 › vs Q1 2026
Lamar Advertising (LAMR) Q2 2026 vs Q1 2026 (quarter over quarter)
Lamar Advertising's revenue rose $88.7M (+17%) from $528M in Q1 2026 to $617M in Q2 2026. The biggest changes: Billboard advertising +$83.7M (+18%); Transit advertising +$4.6M (+13%); Logo advertising +$459K (+2%). Operating margin 33.7% against 27.7% (+6.1 pts).
Lamar Advertising, Q2 2026: revenue $617M (+6% year over year), operating margin 33.7%, net earnings $161M, operating cash flow $252M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 33.7% | 27.7% | +6.1 pts |
| Net margin | 26.1% | 19.2% | +6.9 pts |
| Free cash flow margin | 34.0% | 21.6% | +12.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Billboard advertising | $552M | $469M | $83.7M | +18% |
| Transit advertising | $41.0M | $36.4M | $4.6M | +13% |
| Logo advertising | $23.5M | $23.0M | $459K | +2% |
| Revenue | $617M | $528M | $88.7M | +17% |
| Operating profit | $208M | $146M | $61.9M | +42% |
| Costs & expenses | $409M | $382M | $26.8M | +7% |
| Pre-tax earnings | $167M | $106M | $61.5M | +58% |
| Other expense, net | $40.6M | $40.2M | $409K | +1% |
| Cost of revenue | $194M | $183M | $10.9M | +6% |
| General & admin | $96.2M | $97.6M | −$1.3M | -1% |
| Other operating costs | $118M | $101M | $17.3M | +17% |
| Net earnings | $161M | $101M | $59.5M | +59% |
| Minority interests | $3.9M | $558K | $3.3M | +597% |
| Income tax | $2.7M | $4.0M | −$1.3M | -32% |
| Depreciation & amortization | $84.4M | $81.9M | $2.5M | +3% |
| Share-based compensation | $14.1M | $11.2M | $2.9M | +26% |
| Working capital & other | $6.8M | $47.0M | −$40.2M | -85% |
| Operating cash flow | $252M | $147M | $105M | +71% |
| Free cash flow (OCF − capex) | $210M | $114M | $95.4M | +84% |
| Capital expenditures | $42.7M | $33.1M | $9.6M | +29% |
Questions
How much did Lamar Advertising's revenue grow quarter over quarter in Q2 2026?
Lamar Advertising's revenue rose $88.7M (+17%) from $528M in Q1 2026 to $617M in Q2 2026.
What drove Lamar Advertising's revenue change in Q2 2026?
Billboard advertising +$83.7M (+18%); Transit advertising +$4.6M (+13%); Logo advertising +$459K (+2%).