Filing Flows › Levi Strauss (LEVI) › Q2 FY26 › vs Q2 FY25
Levi Strauss (LEVI) Q2 FY26 vs Q2 FY25 (year over year)
Levi Strauss's revenue rose $116M (+8%) from $1.4B in Q2 FY25 to $1.6B in Q2 FY26. The biggest changes: Americas +$67.1M (+9%); Asia +$26.0M (+10%); Europe +$17.1M (+4%). Gross margin 62.7% against 62.6% (+0.0 pts).
Levi Strauss, Q2 FY26: revenue $1.6B (+8% year over year), operating margin 7.8%, net earnings $87.3M, operating cash flow $271M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 62.7% | 62.6% | +0.0 pts |
| Operating margin | 7.8% | 7.5% | +0.4 pts |
| Net margin | 5.6% | 4.6% | +1.0 pts |
| Free cash flow margin | 14.8% | 10.1% | +4.7 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Americas | $816M | $748M | $67.1M | +9% |
| Europe | $420M | $403M | $17.1M | +4% |
| Asia | $284M | $258M | $26.0M | +10% |
| Beyond Yoga® | $42.6M | $36.8M | $5.8M | +16% |
| Revenue | $1.6B | $1.4B | $116M | +8% |
| Gross profit | $979M | $906M | $73.3M | +8% |
| Cost of revenue | $583M | $540M | $42.7M | +8% |
| Operating profit | $122M | $108M | $14.2M | +13% |
| Operating expenses | $857M | $798M | $59.1M | +7% |
| Pre-tax earnings | $115M | $89.9M | $24.8M | +28% |
| Other expense, net | $7.5M | $18.1M | −$10.6M | -59% |
| SG&A | $843M | $791M | $52.4M | +7% |
| Other operating costs | $13.5M | $6.8M | $6.7M | +99% |
| Net earnings | $87.3M | $67.0M | $20.3M | +30% |
| Income tax | $27.4M | $22.9M | $4.5M | +20% |
| Depreciation & amortization | $57.2M | $50.4M | $6.8M | +13% |
| Share-based compensation | $24.3M | $24.9M | −$600K | -2% |
| Working capital & other | $102M | $43.2M | $58.8M | +136% |
| Operating cash flow | $271M | $186M | $85.3M | +46% |
| Adjusted free cash flow (company-reported) | $231M | $146M | $84.9M | +58% |
| Purchases of property, plant and equipment | $39.9M | $39.5M | $400K | +1% |
Questions
How much did Levi Strauss's revenue grow year over year in Q2 FY26?
Levi Strauss's revenue rose $116M (+8%) from $1.4B in Q2 FY25 to $1.6B in Q2 FY26.
What drove Levi Strauss's revenue change in Q2 FY26?
Americas +$67.1M (+9%); Asia +$26.0M (+10%); Europe +$17.1M (+4%).