Filing Flows › Openlane (OPLN) › Q2 2026 › vs Q2 2025
Openlane (OPLN) Q2 2026 vs Q2 2025 (year over year)
Openlane's revenue rose $72.9M (+15%) from $482M in Q2 2025 to $555M in Q2 2026. The biggest changes: Auction and Related Fees +$45.1M (+21%); Purchased vehicle sales +$16.4M (+17%); SaaS and Other Revenue +$10.3M (+16%). Operating margin 12.2% against 9.8% (+2.3 pts).
Openlane, Q2 2026: revenue $555M (+15% year over year), operating margin 12.2%, net earnings $44.3M, operating cash flow $52.8M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.2% | 9.8% | +2.3 pts |
| Net margin | 8.0% | 6.9% | +1.1 pts |
| Free cash flow margin | 7.0% | 11.9% | -4.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Auction and Related Fees | $259M | $214M | $45.1M | +21% |
| Purchased vehicle sales | $115M | $98.5M | $16.4M | +17% |
| Finance revenue | $107M | $106M | $1.1M | +1% |
| SaaS and Other Revenue | $73.4M | $63.1M | $10.3M | +16% |
| Revenue | $555M | $482M | $72.9M | +15% |
| Operating profit | $67.5M | $47.4M | $20.1M | +42% |
| Costs & expenses | $487M | $434M | $52.8M | +12% |
| Pre-tax earnings | $61.1M | $51.7M | $9.4M | +18% |
| Other expense, net | $6.4M | −$4.3M | $10.7M | — |
| Cost of revenue | $306M | $254M | $52.0M | +20% |
| SG&A | $124M | $114M | $9.5M | +8% |
| Other operating costs | $56.9M | $65.6M | −$8.7M | -13% |
| Net earnings | $44.3M | $33.4M | $10.9M | +33% |
| Income tax | $16.8M | $18.3M | −$1.5M | -8% |
| Depreciation & amortization | $22.3M | $23.0M | −$700K | -3% |
| Share-based compensation | $8.5M | $4.1M | $4.4M | +107% |
| Working capital & other | $22.3M | −$11.1M | $33.4M | — |
| Operating cash flow | $52.8M | $71.6M | −$18.8M | -26% |
| Free Cash Flow (company-reported) | $39.0M | $57.4M | −$18.4M | -32% |
| Purchases of property, equipment and computer software | $13.8M | $14.2M | −$400K | -3% |
Questions
How much did Openlane's revenue grow year over year in Q2 2026?
Openlane's revenue rose $72.9M (+15%) from $482M in Q2 2025 to $555M in Q2 2026.
What drove Openlane's revenue change in Q2 2026?
Auction and Related Fees +$45.1M (+21%); Purchased vehicle sales +$16.4M (+17%); SaaS and Other Revenue +$10.3M (+16%).