Filing Flows › Nexstar Media Group (NXST) › Q2 2026 › vs Q2 2025
Nexstar Media Group (NXST) Q2 2026 vs Q2 2025 (year over year)
Nexstar Media Group's revenue rose $764M (+62%) from $1.2B in Q2 2025 to $2.0B in Q2 2026. The biggest changes: Advertising +$387M (+81%); Distribution Service +$383M (+52%); Other −$6.0M (-29%). Operating margin 18.2% against 17.3% (+0.8 pts).
Nexstar Media Group, Q2 2026: revenue $2.0B (+62% year over year), operating margin 18.2%, net earnings $120M, operating cash flow $298M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.2% | 17.3% | +0.8 pts |
| Net margin | 6.0% | 7.9% | -1.9 pts |
| Free cash flow margin | 12.7% | 17.7% | -5.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Distribution Service | $1.1B | $733M | $383M | +52% |
| Advertising | $862M | $475M | $387M | +81% |
| Other | $15.0M | $21.0M | −$6.0M | -29% |
| Revenue | $2.0B | $1.2B | $764M | +62% |
| Operating profit | $362M | $213M | $149M | +70% |
| Costs & expenses | $1.6B | $1.0B | $615M | +61% |
| Pre-tax earnings | $177M | $130M | $47.0M | +36% |
| Other expense, net | $185M | $83.0M | $102M | +123% |
| SG&A | $457M | $262M | $195M | +74% |
| Other operating costs | $1.2B | $754M | $420M | +56% |
| Loss borne by minority interests | $7.0M | $6.0M | $1.0M | +17% |
| Net earnings | $120M | $97.0M | $23.0M | +24% |
| Income tax | $64.0M | $39.0M | $25.0M | +64% |
| Depreciation & amortization | $158M | $118M | $40.0M | +34% |
| Share-based compensation | $40.0M | $21.0M | $19.0M | +90% |
| Working capital & other | $20.0M | −$11.0M | $31.0M | — |
| Operating cash flow | $298M | $247M | $51.0M | +21% |
| Free Cash Flow (company-reported) | $253M | $218M | $35.0M | +16% |
| Capital expenditures | $45.0M | $29.0M | $16.0M | +55% |
Questions
How much did Nexstar Media Group's revenue grow year over year in Q2 2026?
Nexstar Media Group's revenue rose $764M (+62%) from $1.2B in Q2 2025 to $2.0B in Q2 2026.
What drove Nexstar Media Group's revenue change in Q2 2026?
Advertising +$387M (+81%); Distribution Service +$383M (+52%); Other −$6.0M (-29%).