Filing Flows › Matson (MATX) › Q2 2026
Matson (MATX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Matson (MATX) reported revenue of $969M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +28% from the quarter before. Operating margin was 16.4%, net earnings $129M (13.3% of revenue).
Matson, Q2 2026: revenue $969M (+17% year over year), operating margin 16.4%, net earnings $129M, operating cash flow $138M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $969M | +28% | +17% |
| Operating profit | $159M | +159% | +41% |
| Net earnings | $129M | +129% | +37% |
| Operating cash flow | $138M | +46% | +30% |
What changed
Revenue was $969.4M in Q2 2026, up 17% year over year and up 28% from the previous quarter. Ocean Transportation was the largest line at 79% of revenue. Ocean Transportation added $91.8M year over year (up 14%), 66% of the total change.
Operating profit was $158.9M, a 16.4% margin (up 2.8 points year over year). Of the extra revenue versus Q2 2025, 33% reached operating profit, above the 14% margin then. Total costs grew 13% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $129.4M, up 37% year over year. The effective tax rate was 21.0%.
Operating cash flow was $137.6M (up 30% year over year), 106% of net earnings. Non-cash charges added back $6.2M of share-based compensation. Capital expenditures of $181.8M exceeded it, leaving free cash flow of −$44.2M.
Questions
What was Matson's revenue in the second quarter 2026?
Matson (MATX) reported revenue of $969M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +28% from the quarter before.
Was Matson profitable in the second quarter 2026?
Operating profit was $159M (16.4% of revenue) and net earnings $129M.
Source: Matson 10-Q on SEC EDGAR.