Filing Flows › Lamar Advertising (LAMR) › Q2 2026
Lamar Advertising (LAMR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Lamar Advertising (LAMR) reported revenue of $617M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +17% from the quarter before. Operating margin was 33.7%, net earnings $161M (26.1% of revenue).
Lamar Advertising, Q2 2026: revenue $617M (+6% year over year), operating margin 33.7%, net earnings $161M, operating cash flow $252M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $617M | +17% | +6% |
| Operating profit | $208M | +42% | +5% |
| Net earnings | $161M | +59% | +4% |
| Operating cash flow | $252M | +71% | +10% |
| Free cash flow | $210M | +84% | +10% |
What changed
Revenue was $616.7M in Q2 2026, up 6% year over year and up 17% from the previous quarter. Billboard advertising was the largest line at 90% of revenue. Billboard advertising added $40.0M year over year (up 8%), 107% of the total change. Transit advertising declined 6%.
Operating profit was $208.0M, a 33.7% margin (down 0.4 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, below the 34% margin then. Total costs grew 7% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $160.7M, up 4% year over year. The effective tax rate was 1.6%.
Operating cash flow was $252.4M (up 10% year over year), 153% of net income including minority interests. Non-cash charges added back $84.4M of depreciation and amortization and $14.1M of share-based compensation. Capital expenditures of $42.7M left free cash flow of $209.7M.
Questions
What was Lamar Advertising's revenue in the second quarter 2026?
Lamar Advertising (LAMR) reported revenue of $617M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +17% from the quarter before.
Was Lamar Advertising profitable in the second quarter 2026?
Operating profit was $208M (33.7% of revenue) and net earnings $161M.
Source: Lamar Advertising 10-Q on SEC EDGAR.