Filing Flows › Lamar Advertising (LAMR) › Q2 2026 › vs Q2 2025
Lamar Advertising (LAMR) Q2 2026 vs Q2 2025 (year over year)
Lamar Advertising's revenue rose $37.4M (+6%) from $579M in Q2 2025 to $617M in Q2 2026. The biggest changes: Billboard advertising +$40.0M (+8%); Transit advertising −$2.8M (-6%); Logo advertising +$213K (+0.9%). Operating margin 33.7% against 34.1% (-0.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 33.7% | 34.1% | -0.4 pts |
| Net margin | 26.1% | 26.6% | -0.6 pts |
| Free cash flow margin | 34.0% | 33.0% | +1.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Billboard advertising | $552M | $512M | $40.0M | +8% |
| Transit advertising | $41.0M | $43.7M | −$2.8M | -6% |
| Logo advertising | $23.5M | $23.3M | $213K | +0.9% |
| Revenue | $617M | $579M | $37.4M | +6% |
| Operating profit | $208M | $198M | $10.3M | +5% |
| Costs & expenses | $409M | $382M | $27.2M | +7% |
| Pre-tax earnings | $167M | $157M | $10.0M | +6% |
| Other expense, net | $40.6M | $40.3M | $300K | +0.7% |
| Cost of revenue | $194M | $187M | $7.4M | +4% |
| General & admin | $96.2M | $89.3M | $6.9M | +8% |
| Other operating costs | $118M | $106M | $12.8M | +12% |
| Net earnings | $161M | $154M | $6.4M | +4% |
| Minority interests | $3.9M | $661K | $3.2M | +489% |
| Income tax | $2.7M | $2.4M | $355K | +15% |
| Depreciation & amortization | $84.4M | $78.1M | $6.3M | +8% |
| Share-based compensation | $14.1M | $7.1M | $6.9M | +97% |
| Working capital & other | $6.8M | $10.1M | −$3.3M | -32% |
| Operating cash flow | $252M | $229M | $22.9M | +10% |
| Free cash flow (OCF − capex) | $210M | $191M | $18.4M | +10% |
| Capital expenditures | $42.7M | $38.2M | $4.5M | +12% |
Questions
How much did Lamar Advertising's revenue grow year over year in Q2 2026?
Lamar Advertising's revenue rose $37.4M (+6%) from $579M in Q2 2025 to $617M in Q2 2026.
What drove Lamar Advertising's revenue change in Q2 2026?
Billboard advertising +$40.0M (+8%); Transit advertising −$2.8M (-6%); Logo advertising +$213K (+0.9%).