Filing Flows › New York Times (NYT) › Q2 2026 › vs Q2 2025
New York Times (NYT) Q2 2026 vs Q2 2025 (year over year)
New York Times's revenue rose $76.6M (+11%) from $686M in Q2 2025 to $762M in Q2 2026. The biggest changes: Subscription +$56.5M (+12%); Advertising +$15.1M (+11%); Affiliate, licensing and other +$5.0M (+7%). Operating margin 15.5% against 15.5% (-0.1 pts).
New York Times, Q2 2026: revenue $762M (+11% year over year), operating margin 15.5%, net earnings $93.4M, operating cash flow $194M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 15.5% | -0.1 pts |
| Net margin | 12.3% | 12.1% | +0.2 pts |
| Free cash flow margin | 24.2% | 15.1% | +9.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $538M | $481M | $56.5M | +12% |
| Advertising | $149M | $134M | $15.1M | +11% |
| Affiliate, licensing and other | $75.5M | $70.5M | $5.0M | +7% |
| Revenue | $762M | $686M | $76.6M | +11% |
| Other income, net | $7.2M | $5.1M | $2.1M | +41% |
| Operating profit | $118M | $107M | $11.5M | +11% |
| Costs & expenses | $644M | $579M | $65.1M | +11% |
| Pre-tax earnings | $125M | $112M | $13.6M | +12% |
| Cost of revenue | $368M | $339M | $29.1M | +9% |
| Research & development | $70.3M | $63.9M | $6.4M | +10% |
| Sales & marketing | $85.5M | $69.2M | $16.3M | +24% |
| General & admin | $85.8M | $82.6M | $3.2M | +4% |
| Other operating costs | $35.0M | $24.9M | $10.1M | +41% |
| Net earnings | $93.4M | $82.9M | $10.5M | +13% |
| Income tax | $31.8M | $28.7M | $3.1M | +11% |
| Depreciation & amortization | $21.1M | $21.4M | −$273K | -1% |
| Share-based compensation | $20.0M | $17.8M | $2.2M | +12% |
| Working capital & other | $59.7M | −$8.5M | $68.2M | — |
| Operating cash flow | $194M | $114M | $80.6M | +71% |
| Free cash flow (OCF − capex) | $184M | $103M | $80.9M | +78% |
| Capital expenditures | $10.1M | $10.3M | −$225K | -2% |
Questions
How much did New York Times's revenue grow year over year in Q2 2026?
New York Times's revenue rose $76.6M (+11%) from $686M in Q2 2025 to $762M in Q2 2026.
What drove New York Times's revenue change in Q2 2026?
Subscription +$56.5M (+12%); Advertising +$15.1M (+11%); Affiliate, licensing and other +$5.0M (+7%).