Filing Flows › LKQ (LKQ) › Q2 2026 › vs Q2 2025
LKQ (LKQ) Q2 2026 vs Q2 2025 (year over year)
LKQ's revenue fell $105M (-3%) from $3.5B in Q2 2025 to $3.4B in Q2 2026. The biggest changes: Europe −$152M (-9%); North America Segment +$24.0M (+2%); Specialty +$23.0M (+5%). Gross margin 38.8% against 38.6% (+0.2 pts).
LKQ, Q2 2026: revenue $3.4B (-3% year over year), operating margin 6.6%, net earnings $136M, operating cash flow $111M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 38.8% | 38.6% | +0.2 pts |
| Operating margin | 6.6% | 8.5% | -1.9 pts |
| Net margin | 4.0% | 5.5% | -1.5 pts |
| Free cash flow margin | 1.8% | 6.9% | -5.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| North America Segment | $1.5B | $1.4B | $24.0M | +2% |
| Europe | $1.5B | $1.6B | −$152M | -9% |
| Specialty | $488M | $465M | $23.0M | +5% |
| Revenue | $3.4B | $3.5B | −$105M | -3% |
| Gross profit | $1.3B | $1.4B | −$35.0M | -3% |
| Cost of revenue | $2.1B | $2.2B | −$70.0M | -3% |
| Operating profit | $225M | $299M | −$74.0M | -25% |
| Operating expenses | $1.1B | $1.1B | $39.0M | +4% |
| Pre-tax earnings | $184M | $260M | −$76.0M | -29% |
| Other expense, net | $41.0M | $39.0M | $2.0M | +5% |
| SG&A | $990M | $958M | $32.0M | +3% |
| Other operating costs | $106M | $99.0M | $7.0M | +7% |
| Net earnings | $136M | $193M | −$57.0M | -30% |
| Income tax | $48.0M | $67.0M | −$19.0M | -28% |
| Operating cash sources | $248M | $307M | −$59.0M | -19% |
| Depreciation & amortization | $103M | $105M | −$2.0M | -2% |
| Share-based compensation | $9.0M | $9.0M | $0 | 0% |
| Working capital & other | $137M | $11.0M | $126M | 12× |
| Operating cash flow | $111M | $296M | −$185M | -62% |
| Free cash flow (company-reported) | $60.0M | $243M | −$183M | -75% |
| Purchases of property, plant and equipment | $51.0M | $53.0M | −$2.0M | -4% |
Questions
How much did LKQ's revenue grow year over year in Q2 2026?
LKQ's revenue fell $105M (-3%) from $3.5B in Q2 2025 to $3.4B in Q2 2026.
What drove LKQ's revenue change in Q2 2026?
Europe −$152M (-9%); North America Segment +$24.0M (+2%); Specialty +$23.0M (+5%).