Filing Flows › Nexstar Media Group (NXST) › Q2 2026
Nexstar Media Group (NXST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Nexstar Media Group (NXST) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +62% from a year earlier and +43% from the quarter before. Operating margin was 18.2%, net earnings $120M (6.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +43% | +62% |
| Operating profit | $362M | +37% | +70% |
| Net earnings | $120M | -27% | +24% |
| Operating cash flow | $298M | +3% | +21% |
| Free cash flow | $253M | — | +16% |
What changed
Revenue was $2.0B in Q2 2026, up 62% year over year and up 43% from the previous quarter. Distribution Service was the largest line at 56% of revenue. Advertising added $0.39B year over year (up 81%), 51% of the total change. Other declined 29%.
Operating profit was $0.36B, a 18.2% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 20% reached operating profit, above the 17% margin then. Total costs grew 61% against revenue growth of 62%. The fastest-growing cost line was SG&A (+74%). Net earnings were $0.12B, up 24% year over year ($0.11B including minority interests, which bore $0.01B of losses). The effective tax rate was 36.2%.
Operating cash flow was $0.30B (up 21% year over year), 264% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.04B of share-based compensation. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.25B.
Questions
What was Nexstar Media Group's revenue in the second quarter 2026?
Nexstar Media Group (NXST) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +62% from a year earlier and +43% from the quarter before.
Was Nexstar Media Group profitable in the second quarter 2026?
Operating profit was $362M (18.2% of revenue) and net earnings $120M.